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BTC/USDT Back in Ascending Parallel ChannelIn this idea I will break down the price behavior of BTC/USDT and explain how an ascending channel and a fib retracement are playing an important role. BTC/USDT was following an ascending channel but just had an attempt to break out of the channel. We have seen strong support again on the 8750 level, an area where the price has traded a lot recently. The price just moved back into the channel, giving this pattern another chance. When trading an oscillating price between the support and resistance trendlines of an ascending channel, you would want to enter a long position near the bottom of the channel for maximum risk reward. Since the trend is bullish in such a channel, we can enter the trade with a bullish bias, making it more favorable to long the supports than to short the resistances. Also, if we look at the fibonacci retracement, we can see that taking the low from 16th of April to the high of 30th of April, the .236 level is very important. The price has stuck to this line very often, finding resistance or support near this region. This time it was support during the fake out. This gives us more reason to believe a long position now is a safe bet, and that the bulls will protect us if bears suddenly try to push the price down. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Long
by Trading-Guru
16
BTC/USD RSI Overbought Strategy In this idea I will look into detail how the Relative Strength Indicator has been behaving recently and how it can help us to predict the price of BTC. The RSI is a momentum indicator. If it increases above the value of 70 we can call it an 'overbought RSI'. This indicates that the price has received an unsustainable upward price momentum, and we expect the price to quickly move back to a more balanced RSI. The neutral RSI is 50. If we look at the recent 15m behavior of BTCUSD we can see that the RSI has been overbought three times. After each time a sharp drop in price occurred. Now that the RSI just had another overbought signal, we can make a prediction on the extension of this behavior and monetize the scenario by adding a short trade set-up. I chose the closest price support level for the take profit of the short, to have a maximum probability of reaching our profits. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Short
by Trading-Guru
22
EUR/GBP LONG After a very bullish close on Friday, I have taken a long position in this pair. I expect this pair to potentially move all the ay up to 0.9300 area over the long term. I will be looking to scale out some of my positions as previous highs and will being my stop to breakeven at the alert. If you want to learn more, please follow me on here or on Instagram @saxonpooley. I produce free weekly outlooks every weekend, where I break down key areas on a pairs I am watching. I also teach people how to trade so if you are keen to learn, feel free drop me a message! Saxon
Long
by ProsperousTechnician
ETH/USD Detailed View on Next Buy AreaIn this idea I will explain break down the price behavior of ETH/USD and explain how an ascending channel and psychological support lines can be used to find the next area Ethereum will find support. On this area you will be able to enter a long position trade. In my previous idea I went into more details how I expect ETH/USD to move towards $240 over the coming month. Also, I explained the importance of psychological support and resistance levels and explained the ascending channel ETH is in at the moment: In this idea I want to zoom in a bit and look at the 15m timeframe. This explains further the importance of the lines I drew on the 4h chart, such as the middle line of the ascending channel that has acted as support before as well. There are two options now, the price might find support already on the middle line, after which we can enter a long trade. However, I personally want to wait until the price drops closer to the bottom of the channel and plan to buy near the psychological support of $200. This level has caused much volatility before, and I think many people will put their stop loss around this area. This is usually a great place to position your longs. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
COINBASE:ETHUSDLong
by Trading-Guru
5
BANDBTC Just Bounced From a Very Strong Support ZoneHey all, here’s another entry on my tradingview series called 'Quick Updates'. BAND Just hit this very strong support zone for the fourth time. We can go in for a nice support and resistance trade set-up. I used a trendline this time as resistance instead of a horizontal resistance zone that I normally use, because the bulls has been facing more difficulties recently. There is slowly a descending triangle pattern forming, to create the maximum chance of getting a successful trade out of this I decided to place the take profit slightly more conservatively. --- What is The Quick Update Series All About? --- I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Long
by Trading-Guru
3
Don't Miss This Descending Triangle for XBT/USD!The bulls are very strong right now. We've just seen them taking a shot at 9400, confirming the descending triangle. However, with some of the bears stopped out the bulls might return stronger than ever. The scenario I want to share in this idea is the opportunity for another rally, this time breaking through the upper resistance of the triangle. When that happens, things can suddenly really take off. In such a case I would expect BTC to move to levels of around $10000. If you want to be safe, you could add your take profits slightly under the psychological resistance of $10000. With the RSI being overbought right now (>70), I do expect that the price momentum will need to cool down a bit before it can continue another upwards move. That's why I gave it a few days to prepare for the next rally. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITMEX:BTCUSD.PLong
by Trading-Guru
6
EUR/JPY Trading Near Support Zone of April 2017Hey all, here’s another entry on my tradingview series called 'Quick Updates'. By all means, this trading area can be seen as an All Time Low within the shorter timeframes. We have reached levels that were last seen on April 2017. It is rare for a price to break through such levels, which means we can start trading with a bullish bias. The first opportunity to use this bias is here on a nice support and resistance trade set-up. The support just got confirmed, so let's quickly go into a trade here. --- What is The Quick Update Series All About? --- I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Long
by Trading-Guru
4
The Bands, They Are A Squeezin' What a tight squeeze here on the bollinger bands. The prices haven't moved at all in almost two days. This isn't just for BTC USDT, but for the entire market! For comparison I added some major market caps here as well. And you can see they have also been completely on halt. However, we can see a small spike of volatility here on the most recent candle. I expect that the price will break out with a bullish flag of these bollinger bands. Edit: I made it into a smaller description this time to focus on the speed of delivering this idea. You need to act on this very timely, as this volatility can spike really suddenly. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Long
by Trading-Guru
2
BAT Is In a Downwards Channel, But Might Soon PumpBat is going down again here in this channel after seeing a significant upwards spike of 100%+. Surprisingly, the coin didn't suffer much during the Corona crisis. However, you could argue it's already priced in as we're looking at the BTC pair here and not the USD pair. I expect the price will continue to go downwards for a while until we reach a very important point: the confluence of the channel and the support zone. I think this area could be a great buy opportunity as we've seen BAT does have the potential to spike when it's making lower lows. I will put it as a short for now with the expectation it will follow this channel, but I am bullish long term. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Short
by Trading-Guru
4
BANDBTC With a 30% Opportunity On The 60m! [QUICK UPDATES]Hey all, here’s another entry on my tradingview series called 'Quick Updates'. The price of the extremely volatile BAND coin is currently moving between the areas of resistance (0.0000600) and support (0.0000415). Since we've seen the price bouncing off this support zone multiple times before, and we also observe a confirmatory bounce on the current hit of the resistance zone, this seems like a good entry for a bullish scenario. Since the price is so volatile at the moment, fantastic gains are to be made here. But also big losses, you know how it goes. Be careful out there peeps! Some quick words about BAND: Band Protocol is a data governance framework for Web3.0 applications operating as an open-source standard for the decentralized management of data. They aim to band communities together with open and reliable data source through decentralized curation protocol. --- What is The Quick Update Series All About? --- I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only! About the links below: 20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more. Recent success stories:
Long
by Trading-Guru
9
GBPCHF Hitting a Crucial ResistanceGBPCHF Hitting this extremely important resistance here going back one year all the way until July 2019. This will be a pivotal for GBPCHF. It needs to show now if the bulls have enough strength to continue the recent uptrend that started after hitting extreme lows. We will find out by monitoring this level. If they can break through, we can expect a very bullish continuation. If they can't chances are that the bears will take over again and we will see a second downturn on GBPCHF. I placed the suggestion for entering the trade a little bit above the current resistance to create confirmation of a breakout. The take profit is placed directly below an area of many trades as seen by the volume profile. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Long
by Trading-Guru
4
ATOMUSDT With an RSI Bullish DivergenceHey all, here’s another entry on my tradingview series called 'Quick Updates'. We find an RSI Bullish Divergence here on ATOM. This happens when the price makes a lower low, while the RSI makes a higher low. This indicates an unsustainable decrease in price, where the momentum is slowly resetting. This is a bullish signal and that's why I close this idea with the LONG suggestion. --- What is The Quick Update Series All About? --- I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Long
by Trading-Guru
3
EURGBP Started Its Downtrend After Breaking Out of This TriangleMake sure you enter this trade before the market closes. You only have 1 hour left! The price has bounced three times off the horizontal support of the descending triangle. Each bounce was slightly less strong, which denotes the characteristic of the triangle. The bounces were respectively ~4%, ~3%, and ~1.5%. Now that the triangle broke, we can see that bears are winning from the bulls. I expect EURGBP to start a downtrend where bears will keep pushing the price down. The most logical first test will be around this support area. To profit from this trend, we can place a short trade, with a stop loss slightly above the support of the descending triangle (S/R flip). Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only! Recent success stories
Short
by Trading-Guru
7
CAD CHF Is Playing Out Exactly How We ExpectedThis is part 2 in an ongoing analysis on CAD CHF. This support and resistance set up has played out very nicely so far. I decided to keep the line on my chart from the previous analysis so you understand the progression and the narrative. CADCHF Has finally shown us a temporary low in this massive bearish trend. This is not an easy moment to trade, there can be unexpected volatility, and there is not much historical price action to base your TA on. I am going to keep it simple for now and just share this scenario based on a support and resistance. A first small rejection of the resistance has already happened, we are now seeing a continuation of a temporary uptrend. Eventually I do expect the price to attempt the resistance again and break through the resistance. Then, after a S/R flip the price can bounce off a newly found support and make a short uptrend. Overall I believe the price will need to cool down a bit from its massive downtrend and will recover temporarily. This is where you can try to monetize this pair. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Long
by Trading-Guru
6
Rising Wedge Breakout on GBPJPY. A Perfect Sell Entry.Hello my fellow traders, hope you'll making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. The pair did breakout from its rising wedge and took a reverse after hitting its resistance zone. As far our analysis, one can take take a sell signal while keeping TP at 132.000 Let us know your views on this in the comment section. Thank you all. There is a good news for our followers. We will be doing analysis on demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us. Ryan.R.Lopes
Short
by Ryan_lopes
4