CPI to Knock It Off - Reentry USD:
- Undervalued according to many market internals
- CPI Beat
- Monster jobs data (NFP, Unemployment, etc.)
- USD held well on Fri-Mon so the last mixed data (Initial claims beat - dovish) was shrugged off.
CHF:
- Generally, the franc is too expensive for SNB's liking
- Bearish Internals
Technical & Other
Setup: S(B)
Setup timeframe: 1h
Trigger: 15m
Medium-term: Range
Long-term: Down
Min target: Aug highs/DMA(100)
Stop loss: 0.17%
Position size: 0.5R
Reentry
RE-ENTRY FOR SHIBA!COINBASE:SHIBUSD
This is still seeing 80+ percent buys. I see my re-entry point. It just has not been smart betting against Shiba Inu. I believe that it has bounced off its critical retracement 0.00002000 after this fall, everyone has either made their money or watched it evaporate. This is my re-entry point. I expect to see it break the 0.00003000 mark in a bull run again. It's not going to make sense but will not drop for long. Start buying back and then keep all coins inside your wallet at all times and ENJOY THE RIDE #SHIBA
HIBA
Post-Post-Profit Reentry at PCZ of Bearish Shark: Round 3This will be the third bearish trade i'v taken in on XLM and the second bearish trade i have taken in this zone. It's funny how it just keeps coming back and giving us entries at the same price level. Anyways; The stop loss entry and targets remain the same as they were from the first and second trade.
Post-Profit Reentry at PCZ of Bullish GartleyA few weeks ago USDCHF bullishly reversed at the PCZ of a Bullish ABCD and reached the profit taking zone and has since reversed bearishly from that profit taking zone. Now it looks to want to make a higher low and could be forming an Inverse Head and Shoulders along with a Bullish Gartley to back it up.
I will look to reenter long here and aim to ride this up to much higher targets this time.
AUDIO UPDATE - Short term downside, Re entry IdeasAll the info is written on the chart.
Still long term bullish, but I still expect some more short term downside based on the chart.
The green dash lines are possible re-entry levels, but they're subject to change with market conditions. Scale in and consider using stop loss orders to conserve capital in case of more downside.
happy trades,
CD
XRP UPDATE - TAKING PROFITS NOW + RE ENTRY IDEAS...Chart is a bit messy, but pretty self explanatory. I'm taking profits on XRP and look for re entry. Still long term bullish.
I know, everyone's saying Alt season is here. Overall sentiment is very bullish and shifting in favor of alts. So why would I sell?
XRP has often deviated from the rest of the market, as we just saw with this 100% pump while most coins stagnated.
XRP pumps hard. It also sells off hard. Look at the recent ones.
I let volume be my guide - And the volume on this pump might look big on a smaller TF, but if you zoom out, like I did, you can see that the volume of whoever pumped this was small potatoes compared to everyone who bought the dips...
This market preys on amateur retail breakout buyers buyers who fomo into pumps and panic sell while the real traders take profits and buy dips.
So I expect a retrace/retest of some previous historical support/resistance levels that I've clearly marked here before XRP continues climbing.
happy trades,
CD
OM/USDT Update: Fully reached our >100% Target, Binance listingOM got Binance listed and therefore has seen a big pump.
We even crusehd the previous ATH and are currently within a pullback.
Looking for a new entry we see two possibilities shown by the box areas.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
ATM/USDT Update: Fully reached our >100% TargetATM had a good month and reached our target.
Since ATM is out of champions league I guess we go down within the shortterm.
That's why the re-entry box is that far down.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
ASR/USDT Update: Fully reached our >100% TargetASR spiked as expected (a bit higher than expected) and is currently consolidating above previous resistance.
If this previous resistance turns into support one can see this as a good re-entry as shown by the box.
Keep in mind that this trading pair is very illiquid and likes to spike and drop.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
BTC POSS. RETRACE / REENTRY POINTSBTC just broke another ATH, largely thanks to Elon Musk committing a 1.5 Billion investment via Tesla. This might lead to another wild 50 - 80% rise, I don't know the future, but I do remember that what directly preceded this rally was a big ole 30% retrace that had major new outlets proclaiming that the bull run was over (lol).
During the recent price ranging, we saw retraces of 10, 16, 20+ %. I would expect some sort of retest of recent ATH, and with BTC, I try to expect the unexpected. There's bound to be a lot of bullish sentiment right now, and new retail money Fomo'ing in. What better time for whales to take profits, squeeze longs, hunt stop losses, and load up even more before the next run up really takes off?
I'm not saying this will happen. Realistically, they probably already have been buying up BTC during the recent consolidation... BUT here are some possible reentry levels you may want to set some buys at, yknow, just in case...
These levels are based on previous support and order volume levels. Nothing too fancy.
happy trades
CD
REGI - See other IDEAS, entries and Exits. Studying my trades and journals, I can see that I need to develope sitting power.
I seem to exit a lot of positions too soon and then I buy back; sometimes in my favor and sometimes not.
This is an area to work on- I am not going to be too hard on myself because I know it happens with many pros.
I am not a pro but I am studying many and this is part of the learning curve.
Seller Re Entry at Fresh Top Candle Zone?Current seller makes Bearish Pinbar. And seems like this is the first seller trial, showing signal of possible seller getting more supply to make downtrend. Sign of H1 Bearish Pinbar and fresh Top candle supply zone, more likely I will sell entry starting from High price of Bearish Pinbar. For this pattern on H1, I will safe exit at starting of demand zone of bottom candle.
SRM/USDT - Buy the Dip, Hold for the ProfitHello Traders,
Looks like we are getting a pull back on SRM.
I moved in on the $1.5, looking for a take profit at $2.10 and then $3.10.
Good luck!
NEO/USDT Bullish Retrace / Reentry idea 4HRHow far is BTC / the Alts going to retrace? that's the trillion $ question.
Looking at NEO's chart, which (unlike some other large cap alts) does not look like a carbon copy of ETH, I've spotted a potential inverse H&S forming on the 4HR, which lines up with the .5 fib level.
Admittedly, this may be a bit premature - that wick down from the rising wedge may end being just that - a nasty wick - and we could see a continuation within the pattern. But if the overall market retrace continues, you can expect NEO follow suit, and if you're still bullish on the higher TF, this may be a good reentry point.
Remember to let volume be your guide. Previous red candles that have a spike in volume can signify a reversal* . So keep an eye out for that as an indicator to support (or invalidate) this idea.
happy trades,
CD