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XMRUSDT wants the necklineThe price is testing the supply zone on 178$ where the market created an important daily resistance on the 0.5 Fibonacci level. On the 4h Timeframe the price created the W pattern and we can find the neckline on 150$. How approach it? If the price is going to lose the support on 160$, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
XShort
by InkyGrip
16
Potential Bull Run in Bitcoin, Elliott Wave AnalysisBitcoin outlook: We are tracking an ABC flat correction that is nearing completion. We are currently in wave 5 of (C). We are watching for a small bounce, then one last push down to an area of Fibonacci confluence around the $20,000 - $24,00 area. We expect price to reverse at that level, beginning the final bull wave of the larger term wave sequence. We focus on trading education and wave analysis to build a foundation of skills that give our clients the edge. We trade Crypto, Forex (FX), and equities. We keep our analysis simple, clear, and easy to execute. Comment below if you would like to see more trade ideas, Elliott wave analysis, and market updates
COINBASE:BTCUSDLong
by UnknownUnicorn38964405
7
Potion Potential- SLP/USDTSLP/USDT 🟢entry: $0.01667- $0.01629 ❌stoploss: $0.01449 🎯tp1: $0.02249- $0.02313 🎯tp2: $0.02767-$ 0.02606 🔼potential %profit: +36.0% 🔽potential %loss: -12.18% r/r: 2.98 Hi Everyone, 🧪as the market shows strength and rallies, i am looking for coins that have not yet broken out into growth, in an effort to set-up a low-risk/high-reward trade with a clear vision. 🧪SLP is still in a pattern of consolidation/compression; while other coins have broken out of their current range with both volume and momentum, SLP is delayed in this process. 🧪keeping in mind the ever-present uncertainty of trading, situations like this allow me to take a little peek into the future. i expect SLP to behave similar to many other markets that have exploded the past few days (take a look at TRX, for example). however, SLP hasn’t made it’s move yet, which presents an excellent trade opportunity. 🧪with the vision of an inverse head & shoulders pattern, i am entering a long as follows: 🧬buy orders where i expect the formation on a brief “right shoulder”, in the range of 0.01667- 0.01629. 🧬stop-loss below the low of the “head”, with a little extra breathing room, at 0.01449. 🧬first take profit at the 0.5 fib of the last large impulse move. 🧬second take profit near the high of the last large impulse move. 🧪check back for updates as the position progresses. 🧪feedback and constructive criticism is always appreciated. ✌️all good luck and always practice strict risk management!
Long
by TylerPhilip
AUDCHF Heading to the downside? (FUNDAMENTALS)Hey Traders, AUD is showing weakness as the RBA are ready to start hiking rates, this data is usually already priced into the market but it is the meeting minutes which indicate where we are heading into the future. Also expecting lower retail sales data later in the week. CHF is looking rather bullish, on the other hand with not much room for the Monetary Policy to ease the outlook is rather Dovish. The data releases do remain weak but with stocks heading lower I can see money flooding into the CHF. As you can see by the chart, we have formed and broken a clean flag pattern on the 4h timeframe. Keep an eye on how this chart runs and the reaction to the interest rate hikes by the RBA. Good luck traders!
Short
by the5erstrading
1
USD/JPY (Cypher Pattern) 1HRPAIR: USDJPY TRADE: CYPHER PATTERN POSITION: SELL TIME-FRAME: 1HR -------------------- Good morning from my side of the world Star Traders. Today I'm keeping an eye on an intraday opportunity, to sell the USD/JPY in the form of a Cypher Patter. Have a great week trading, please be safe, always. -------------------- Truly grateful to be here and share my thoughts with everyone. Always appreciate your thoughts and what you have to say and share, let's experience Trading in a positive way, together. Time is precious, be kind to everyone and be safe in the markets, always. "See yourself as love and only have that, to give away." -------------------- Phil C.
Short
by Phil_C
AUD/USD (Bat Pattern) 1HRPAIR: AUDUSD TRADE: BAT PATTERN POSITION: SELL TIME-FRAME: 1HR -------------------- I forgot to publish this idea and we're at market for a nice Bat Pattern here on the AUDUSD. Looking for a little move towards the downside into double targets here on the Aussie. <3 -------------------- Truly grateful to be here and share my thoughts with everyone. Always appreciate your thoughts and what you have to say and share, let's experience Trading in a positive way, together. Time is precious, be kind to everyone and be safe in the markets, always. "See yourself as love and only have that, to give away." -------------------- Phil C.
Short
by Phil_C
Glmr/usdt symmetrical triangle H/S ideawhat we have here is a winning trade. i planned on buying at the lower trendline. I did not open the trade based on what bitcoin. we all know btc is the driver of the show. when btc dips 3% altcoins dip15%. so yes i had fear of losing money, a trait that needs to be eradicated when putting on a trade. kill all fear doubt and uncertainty. Moving along... now we have a new idea in motion. with the breakout of the symmetrical triangle. The strategy here is buy the BCR (BREAKOUT,CLOSE,RETEST). WE Buy the re test of the breakout of the symm triangle. good luck and i plan on posting more set ups...
Long
by SCI_Group
GBP/USD (CYPHER PATTERN) 15MPAIR: GBPUSD TRADE: CYPHER PATTERN POSITION: SELL TIME-FRAME: 15M -------------------- I trust everyone has had a wonderful weekend and are ready to get back into the charts, for more opportunities that may present themselves this week, moving forward. Potential Cypher Pattern here on the 15 minute. This is an intraday opportunity, in the form of one of a Cypher. Also one of my favourite pattern setups. I find it difficult to post every setup here, however, I'll always continue to do the best I can, sharing my thoughts, feelings and actions within the market. -------------------- Truly grateful to be here and share my thoughts with everyone. Always appreciate your thoughts and what you have to say and share, let's experience Trading in a positive way, together. Time is precious, be kind to everyone and be safe in the markets, always. "See yourself as love and only have that, to give away." -------------------- Phil C.
Short
by Phil_C
AUD/CHF Posssible short opportunityRULES WHICH I FOLLOW: 1.) stop loss for each trade should be about 1% of total account balance. 2.) take profit for each trade 1% - 2% 3.) Max daily loss 5% of total account balance 4.) Max lose 10% of total account balance 5.) Leverage 1:100 "RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK" This post is not an investment advice. "CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money."
Short
by ArmaTrader97
What is Rising Wedge pattern and how to trade with that?The Rising Wedge (also known as the ascending wedge) pattern is a powerful consolidation price pattern formed when price is bound between two rising trend lines. It is considered a bearish chart formation which can indicate both reversal and continuation patterns – depending on location and trend bias. Regardless of where the rising wedge appears, traders should always maintain the guideline that this pattern is inherently bearish in nature (see image). HOW TO IDENTIFY A RISING WEDGE PATTERN ON CHARTS The rising wedge pattern is interpreted as both a bearish continuation and bearish reversal pattern which gives rise to some confusion in the identification of the pattern. Both scenarios contain a different set of observation dynamics which must be taken into consideration. Reversal Pattern: Established uptrend Rising wedge consolidation formation Linking higher highs and higher lows using a trend line assembling towards a narrowing point Look for break below support for short entry Continuation Pattern: Established downtrend Rising wedge consolidation formation Linking higher highs and higher lows using a trend line assembling towards a narrowing point Look for break below support for short entry How to trade with this: *Entry Point: Right after the candlestick breakout of the support. *Stop-Loss: At the highest resistance level of the Wedge pattern. *Take-Profit: From the entry point, the distance is equal to the maximum width ( H ) of the rising wedge pattern. This is the academic shape of this pattern, in the future we will publish Falling Wedge pattern 📚 . Please follow our page to be informed as soon as the materials are published. Thank you all for supporting our activity with Likes 👍 and Comments ❤️
Education
by NamchaTa
4
ETHUSDT is testing the weekly support The price bounced to 0.618 Fibonacci level on the daily timeframe (2900) and now the market is testing the previous daily support case for new resistance. on 4h Timeframe, the price created two M patterns and the price is testing the second neckline above the 3100 How to approach? IF the price is going to lose the weekly support and retest it as new resistance According to Plancton's strategy , we can set a nice order Be aware to False breakout ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
4