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Bitcoin Technical Analysis - Time to go higher?Hello traders and followers, Just updating you on BTC moves,and bringing you a new trade, wich should only be entered after confirmation (breakout), cause you know, btc makes weird unexpected moves all the time... We are looking at the 1hr chart, and price is forming a falling wedge, wich is a bullish pattern, and should be breaking out soon! Trades can be entered if we breakout with some good volume, and for now its not safe to enter! There is also the possibility of we go down to the 7800$ support, but for now doenst seem like it... I will update this trade soon!! Be sure to leave a BIG like and comment your opinion below! See you soon, Mr.TTT
BITFINEX:BTCUSDLong
by RodrigoFAC
BCHUSD long opportunity!Hello traders! Right now BCHUSD is on the TOP of the daily channel. The actual developing structure we have is a bullish flag structure, which is a trend continuation pattern. We had the first strong UP impuls on this pair based on the BCH strength. We are expecting another wave UP after the correction at this level is over. Be patient and wait to see how price action develops. Don't jump into the first green candle. Follow me for future updates. TRADE WITH NO EMOTIONS!
BLong
by IQ
2
Bull/Bat GBP/CHFForex markets throwing bats across the board this month- here's the layout on the pound-frank. The pair isn't really going anywhere, gallivanting aimlessly sidewards since the turn of the year. That said, lows have been getting ever slightly higher over the past 3 weeks; shall this continue, we should see another low at 1.243. A reversal at this price would see a reach to 1.256. Although this is a bat, the ratios alone would dictate that this could also be a crab. The red ray shows where a 161.8% extension would find itself. I thought this would be worth noting, since somebody else has probably already picked that up as well. However, general security levels and recent lows favour the bat motion. As always, keep it at least 1:2. Bat Ratios AB: 0.382-0.5 BC: 0.382-0.886 CD: 1.618-2.618 XD: 0.886
Long
by KyleMcQuade
1
Bullish Butterfly AUD/JPYThat long term down trend on the yen across majors/crosses has broken and price for a while was on the up. We have since saw price enter into a consolidation phase with unconvincing candles on the daily chart. on the 8th of February, price burst with a bullish impulse wave- the following correction waves made a solid and successful Gartley movement (which I previously posted; see link below). Now with price still retracing from that impulse, we see a butterfly formation. The D point sits bang on the resistance/support pivot point from which the impulse wave originally bounced. This makes for a great long entry point! Stop loss at 50 pips of the D level of 85.413; the first and second take profit levels will land at the 0.382% and 0.618% retracement levels (respectively) to points A:D. One can either wait for the whole .618%, or take profit at .382% then re enter with half of their position! Butterfly Ratios: AB: 0.786 BC: 0.382-0.886 CD: 1.618-2.24 XD: 1.272
Long
by KyleMcQuade
2
Pound-Yen Bullish CrabAs price here enters consolidation before breaking either support or trend line, we have a crab formation completing at 138.1 as shown on the chart on the left. The chart on the right shows overall direction and activity surrounding the support area. If price reaches the D point in the middle of said area, we will see a bounce to our TP level at 140.5. Price will continue its momentum deeper into consolidation before a break. Remember and keep risk:reward a sound 1:3. Crab ratios AB: 0.382-0.618 BC: 0.382-0.886 CD: 2.24-3.618 XD: 1.618
Long
by KyleMcQuade
GBPUSD: Potential something patternHi traders, On the GBPUSD we have a potential harmonic pattern. Let's be clear about the fact that it is not a real pattern and that I don't trade the GBPUSD. I still think it's a nice setup. My entry is at the 127.2% Fibonacci extension of the ABC movement. Below that we have the 141.4% Fibonacci extension of that same move and the 161.8% Fibonacci extension of the ABA movement. Entry: 1.23675 Stop: 1.23237 Target: 1.24879 = R:RR 2.75 Good luck traders!
Long
by 11021992
7
Bullish Bat Euro/LiraSince October this pair has entered into an aggressive uptrend! Price is moving in a bat formation, heading towards our PRZ. As per natural behaviour, price may enter slight consolidation at the PRZ before continuing with the original trend; I will be looking for an entry asap once the C-D wave is complete. 1st and 2nd Take Profit levels at 38.2% and 61.8% respectively of the distance from A-D. Stop loss slightly behind the X coordinate. Bat Ratios: AB: 0.382-0.5 BC: 0.382-0.886 CD: 1.618-2.618 XD: 0.886
Long
by KyleMcQuade