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ETHUSD 1D KELTNER CHANNEL PULLBACK TRADING STRATEGYTrading Pullbacks with Keltner Channel Trading pullbacks successfully can only be done in the presence of a strong trend. Using the Keltner channel indicator we can study how the price behaves around the upper and lower envelopes to gauge the strength of the trend. As you already learned when the price hugs one of the two bands and crawls along with the band, we have a case for a strong trending market. There will be highlighted small retracements while the price hugs the upper Keltner band. Notice that the price can retrace to the area around the 20-EMA. It won’t give you an exact price, but a price zone from where the price can potentially bounce and the bullish trend can resume. This is a good way to measure pullbacks in price. Successful trading doesn’t require catching the exact turning point. For a better timing of our trades, we can use the Stochastic RSI indicator in combination with the Keltner indicator for more confluence. The trade trigger is simply to follow with this Keltner Channel pullback strategy. Pull the trigger when the price retraces to the middle band and the stochastic indicator develops a crossover from oversold territory.
COINBASE:ETHUSDEducation
by Tradingstrategyguides
AUDUSD - Waiting for Pullback - TREND-CONTINUATION TradeHi Traders! As you can see the market is in an uptrend. The market started rallying since it was at 0.55000. After that the market went up. But, why is it in an uptrend? Actually, the market was not in an uptrend until it broke the resistance at 0.62000. Until than, the picture was like that: - Overall market in a downtrend, - market now consolidating, - waiting for trend continuation. But then the market broke this level, so the picture is now: - Market in a fresh uptrend, - just broke the level, - waiting for a retest, - making profits in trend continuation. We recommend to buy the successful retest of the breakout! Thanks and good luck :)!
Long
by swissmoneymakers
7
BTCUSD: Limit Buy SetupBTCUSD is seemingly being well-offered around the the 50% reaction point on the earlier 60% bear move, potentially providing a good opportunity to buy the pullback within the bullish leg that almost did a 100% move higher from the $3.9k low. The highlighted areas serve as a visual representation of how supply&demand zones are expected to shift through the passing of time. As long as the lower green shaded areas, remains intact, BTC doom can be avoided. Below that area, BTC is in a bearish territory.
GEMINI:BTCUSDLong
by Zoen_Trieste
6
Trendline Broken | Targets | Re-Entry LevelsGoing to keep this one short and simple. We broke our ascending trendline and further downside is expected. Most of the time, with every break comes a pullback. As you can see on the chart, the arrows showing two possible re-entry levels for the short positions: 1) We pullback to the minor resistance area of 6400-6500 before dumping again. 2) We pullback further into the ascending trendline to retest it and bounce off of it (somewhere around 6900). If we fail to see any pullbacks then you can try enter the next dump during consolidation periods within smaller time frames (15min/5min). Those consolidation periods usually form into wedge patterns before continuing to dump on higher time frames so you can watch out for that as well. I will publish an idea if we manage to see anything like that form up in the future but Im always skeptical about analysing charts on smaller time frames. Targets for our shorts can be seen on the chart. Long term I still think 3200 is possible but we need to see more volatility within the markets for that to happen. Should we see a break above 6900/7000 then my bias will change completely. This is NOT a financial advice, trade at your own risk!
BITMEX:BTCUSD.PShort
by Proszi
EUR/USD SELL SIGNALHey tradomaniacs, welcome to another free trade-plan. Sell-Limit: 1,09610 Stop-Loss: 1,10050 Target 1: 1,09450 Target 2: 1,08920 Target 3: 1,08500 Stop-Loss: 44 pips Risk: 1-2% Risk-Reward: 2,60 Notice: Countercyclical trades are always risky but can be very yammi. Keep your risk low and manage this one aggressively! LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
4
Trendline Broken | Bears ConfirmedWe have finally broken below the trendline that was formed and respected since May 13th as mentioned in the previous posts. It is now looking very strong for the bears. I am expecting to get a pullback towards the broken ascending trendline to enter further short positions. Next week we might see Bitcoin drop very hard so buckle up everybody, we are going for a ride! Keep in mind that this isn't the strongest break and there could be a slight risk of this forming into a fake-out on higher time frames (4h & daily). Just take this into account as well. Updates will follow up shortly regarding the entry! This is NOT a financial advice, trade at your own risk!
BITMEX:BTCUSD.PShort
by Proszi
BTC- Safe asset? The moment of reckoning! PA/OF analysistwitter.com All these talks about BTC being the safe asset during the economic turmoil and Financial crisis... It is now the perfect time for it to step up to the plate and rise to the occasion. Is it finally BTC's moment to shine? Let's take a quick look at what happened during the weekend. The fast and furious drop is the result of thin liquidity and IMO, a pure long liquidity grab move. The price did not get violently rejected at the 9.2k because of the extreme momentum, crazy volume, high volatility and overheated buying pressure. In other words, it was not a blown-off top resulting from the overbought status. The price reversed because the lack of short liquidity (Lack of buyers at 9.2k or weak buying power relative to the strong limit sell orders/walls at 9.2k). Therefore, I expect it to be the profit-taking move by whales and, whales are possibly building up more long position through split orders. Fear index is below 20 and the the last time it happened BTC rebounded from 6.5k. Fast and furious pullback with no bounce like this one BTC is currently experiencing cannot last long. I expect at least some relief rebound. If not, 7.2k here we come. Proceed with caution and focus on the HTF when the volatility is high. Please like and follow me if find my post helpful :)
BITSTAMP:BTCUSDLong
by Libratus
3
NEM : Daiy chart, pullback expected - minor cycle bottomNow that we have looked at our view on weekly charts, lets look at the daily charts. (attached below the analysis on weekly charts, better t read that first to have the forthlooking view) Weekly chart on the minor cycle suggests a minor pullback in the beginning of March 2020. As we are aware, price may bottom a few candles around this and we may expect last week of Feb and the first week of March to show a minor pullback. Price around $42 and $41 is an important cycle resistance/ support zone from previous weekly cycles. A look at the candles and we can see some signs of signals of short term market overbought conditions and also RSI showing overbought status. Wait for the pullback and then price may retest the upper resistance zone Look out for more action on this!
NYSE:NEM
by LoveForCharts