Get started

Roundnumber

Ripple interesting price action 4H chart Bitcoin is on the rise when I'm posting this idea. Orange ticks marked double bottom formation which is holding pair above this level. As you can see important Fibonacci level 38.2% (combined with round number 3K) was rejected 13th of April. Pair is in consolidation for few weeks. Market is respecting support at 2600 which could be use as the Stop Loss area. It is seems to me that pair is trying to leave triangle which is suggesting bullish movement. Theses days shorts on any crypto are not really good idea in my opinion. There is more chance that pair will go north or consolidate then will go down. The 38.20% area is important here and if broken it will increase chance that pair will hit 61.80%. I see three possible outcomes here : (I'm think that first two are much more possible than the last one) 1.Pair will break 2600 and go down to meet 200 ema and or 2000 level just to bounce back 2.Pair will never touch the support again and will go north towards 61.80% level 3.Pair will go down break the support 200 ema 2000 level and will try to reach 1k.
Long
by Krystiannwk
4
Bunch of clues on EURCADHi guys, i've already published few days ago an idea on this pair. Unfortunately we weren't able to take advantage of that idea, but now price has given us a second chance. It has came back to retest the daily structure level (that also lines up with the 618 retracement and a round number) and has formed a nice pinbar showing us some buying rejection. The divergence on the RSI additionally confirm our view. Stop below the low, (conservative) targets as illustrated above. If you want to share your view or simply ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
Another long opportunity on EURCADHi guys, i've already published few days ago an idea on this pair. Unfortunately we weren't able to take advantage of that idea, but now price has given us a second chance. It has came back to retest the daily structure level (that also lines up with the 618 retracement and a round number) and has formed a nice pinbar showing us some buying rejection. The divergence on the RSI additionally confirm our view. Stop below the low, (conservative) targets as illustrated above. If you want to share your view or simply ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
ETCETH possible trend reversal engulfing candle and round numberWe can see here engulfing candle which established resistance for further losses. Engulfing candle alone is not a strong trend reversal signal but with round number (which seems to be much respected by crypto community) could be good point to enter with long position. It is possible that if price go north it will find strong selling pressure around GAP which is located at 0.080000. If the pair will manage to go thru that level it will most likely reach 0.10000. Safe SL would be small bit below shadow of the bearish candle from 17 of March with TP just before GAP.
Long
by Krystiannwk
BitCrystals/Bitcoin very interesting formation buy opportunityWhat I see here is quite interesting triple bottom formation. First two are quite common while the third attempt looks a little bit dramatic with big doji candle on daily chart. All three attempts are stopped buy round number 0.00010000 which are very respected in crypto community and most of the time are treated as very strong signal to buy. I would wait for better entry level for good risk reward ratio, perfect entry level would be very close to the 0.000100000 mark. Entry at the current level is not the bad idea either. Let's see what this pair will decide.
BLong
by Krystiannwk
Cryptoccurency Peercoin vs Btc flag pattern with strong support Bearish movement stopped around 0.0002500 and tried to moved below for 3 consequent months. March comes with strong bounce from that level suggesting trend reversal. Pair bounced from mentioned level and created big bullish candles on monthly weekly and daily chart. Chart 4h intervals reveals quite interesting formations suggesting further gain of ppc vs btc. Energetic movement put pair in consolidation, 0.00050000 level is acting as strong support. Once again I assume that 200 Ema will help pair to bounce higher. My SL is placed far below 5000 mark as safety precautions. Many times pair is doing sharp movement to create doji candle and it triggers most Stop losses close to the strong support, then after candle is formed price is going in desire direction. It is also quite possible that pair will go straight to take profit area that's why I would prefer to open position now rather that wait for more confirmations.
PLong
by Krystiannwk
GBPNZD: BULLISH CRAB PATTERN WITH RSI OVERSOLD CONDITIONS !!!Hello Traders, Here we have a VALID BULLISH CRAB PATTERN on FX:GBPNZD , that is coming close to the completion point. Notice that this pattern's completion point is right at PREVIOUS STRUCTURE SUPPORT ZONE , thus giving giving us extra bit of confidence in trading this pattern. Another main thing to keep in mind is that, the market has already reached the RSI OVERSOLD LEVEL , which is another good point in our favor. According to my rules, the stop loss for BULLISH CRAB PATTERNS goes BELOW the 200% Fib extension of the XA leg. Paying close attention to KEY PSYCHOLOGICAL ROUND NUMBERS , we have got one level right @ 2.33000. Now we are able to hide our stop loss BELOW both the PREVIOUS SUPPORT ZONE and the KEY PSYCHOLOGICAL ROUND NUMBER, 2.33000 . See the chart above for more details. IMPORTANT NOTE: I posted a BULLISH CYPHER PATTERN idea for this same pair about 13 days ago and unfortunately the entry was NOT triggered and the market just took off from there. I would like to point out that after the big move up, the market was UNABLE to break above the C POINT of the BULLISH CYPHER PATTERN . Thus keeping the pattern VALID up to this moment. So just to let you guys know that, I will ALSO be trading that BULLISH CYPHER PATTERN , since the market is also coming close to its entry point. I'll add the link to the BULLISH CYPHER PATTERN under the RELATED IDEA SECTION below. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)
Long
by moneymaking
7