Position
ALGO USDT analysisHello Trader,
Please look at the video.
ALGO is on down trend and as per this analysis this will be continued to lower price as of the current date and time of publishing this idea.
RSI is low at 27, current price is ~1.63
1- First target is 1.56
2- The second is 1.49
3- Very ow possible third target is 1.21
--- Some advices
This is not a financial advice
Open trade at your own risk
Never invest beyond 10% of your portfolio
Never ever forget to have the stop-loss(1/2.5 R/R and more is better)
SLP Important low Resistance Hello everyone, this is my analysis of SLP,
Beside this always have an eye on BTC because leader can accelerate the movements and momentum.
1- We are in down trend yet and as you can see price is moving into downward channel.
2- Price became close to it's important resistance 0.069 price.
3- In past price tried 2 times to break the resistance but failed, so I guess for the third time it will fail.
4- the volume of the trades are quite attractive in this low.
based on the above situations I believe it will be good for Long position.
----- this is not financial advice -------
Trade with low leverage and make sure to follow risk management while opening a position.
BTCUSDT New Short Position This is my new short position on BTCUSDT, price of BTC has been going up very fast for the past few days, and now it seems to have reached exhaustion, in sharp uptrends this usually means a ranging market is coming for the next few daily candles or a retracement to touch some important moving averages and to gain more volume to continue going up.
This could be a formation of a new macro pattern in which we could be at the top of its newly formed resistance at around 56.2k
Keep in mind that it is very risky to short in a uptrend and only do this on no more than 2x leverage if you even use leverage.
G999 Ichimoku local positionG999 based on Ichimoku allows to enter a position, which is supported by EWO wave and MACD convergence point ahead.
Setup for that position below:
Buy price: 0.00627599 - 0.00639224
Target level: 0.00678459
Stop loss: 0.00610161
XRP - bearish theory ..Long term overview. higher time frame patterns and potential cycles. This chart simplifies overall concept of where we can properly assume smart money to be making heavy plays. XRP has stood the test of time. As long as the bulk of long term investors into the ripplesphere don't suddenly this could still be the best rythmic asset for long term over all gains. The bullish representation of XRP on the same htf charts looks just as delightful to know you could likely hold long term positions in any direction.
If you have thoughts feel free to drop a comment. I can only go by what i see. What do you see?
Linear Regression "Short" 🔻 Bearish Divergence, Overbought RSILinear Regression "Short" 🔻 Bearish Divergence, Oversold RSI
🔴 KEY POINTS:
- BTCUSD BTCUSDT Price is extremely overbought
- Price Action hit Linear Regression Technical Resistance
- RSI shows strong Bearish Divergence
- Chart Pattern: This Technical Indicator Variation worked 100% in the past
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Current view on JMIA. Relevant levels and structuresToday, we will speak about JMIA.
Let's check the main items we can see on the chart.
a) The price has broken a huge descending Wedge pattern
b) As usual, after the breakout of this type of structure, we can observe a retest or consolidation close to it.
c) In this case, we are observing a consolidation between 34.00 and 27.00. It's possible to observe a new local low on that range or a range between the specified price levels
d) However, the most important level we are observing right now is the activation one. (Green horizontal line at 34.80)
e) If the price reaches it, we expect a continuation of the bullish movement towards the next resistance zone at 48.00
f) Pay attention to the horizontal yellow line as a possible inner resistance zone
g) If the activation level is reached, we expect a resolution between 20 to 40 days
h) Of course that if the price keeps falling, we will cancel our view. Also, if the idea is activated, our invalidation level is below the consolidation structure.
Thanks for reading!
Bitcoin - Intraday (1H TF) UPDATE (continued growth) BTCHello everyone
A small addition to the new position.
Yesterday's short worked up to the specified level. As expected, the level of 34420 was held, and we opened long positions to this range.
At the moment, we are trying to work with a small short position, because (probably most) we have completed the 5th wave of growth to an important level. The following way should occur the correction of the ABC wave.
But if you look at the chart on a large timeframe, I expect an impulse growth.
up to the 37500 mark
You can use your trading system, and do not listen to my review.
Trading statistics: 27 profits
3 stop loss.
All information for checking these positions is provided in an open form.
As well as completely my entry points, targets, stop loss, and all my actions, you can also watch in the "online" mode"
Do not forget, there are always mistakes in trading, there were and will be. I just point out my actions and what I would like to see before continuing growth.
If you have any questions, or you do not agree with this, write your comment
All the best
Trade wisely, and let the profit come with us.
BITCOIN INTRADAY (1-HOUR TF) Update BTCHello guys.
A small update - now we are trying to catch a small short, where we will look for a support level from the 34100 and 34420 marks to open a long position.
Yesterday's review brought us another +3 take profit to our wallet.
I will not describe much, everything is indicated on the graph.
Position statistics:
25 profits
3 stop loss
I can provide each position and confirmations.
Since there are those who want to check the statistics, write to me in personal messages.
We are looking at the level of 38850 - at the moment it is one of the key levels
May the profit come with us.
Surprise Short 🔥 Bulls Are Alive, But Sick 🩸Surprise Short 🔥 Bulls Are Alive, But Sick 🩸
We still believe in our previous Ideas.
We believe in our channels and RSI signals.
And that is why we bet on this short before going for Target 2 (See our previous Idea)
KEY POINTS:
- Volume Is Low = Channel Holds
- Price Action Is At Resistance
- Target Is At Channel Support
- RSI Favors Bears
Leverage: x1
Entry: $36 500
Target: $33 000
Stop Loss: Daily close above $41 000 + 6 six hours