Scalp
SHIB - Breakout Scalp!In our last analysis of SHIBUSDT, we were waiting for the breakout of the descending channel. Price dumped a little before breaking out. This is why it's really important to wait for confirmation via a breakout. Price pushed up 57% from the breakout!
We now have another bullish correction and we will be waiting for a breakout to gain another entry!
BEARISH SCALP TRADE IDEA ($36,222) MARKET STRUCTURE RETEST (BTC)Good afternoon traders, first of all please get this technical analysis to 30+ likes to unlock tomorrow's alpha post 👍
Market structure suggests we probably retest $36,222 in the near future, after that I'll be taking time away from the charts and madness to relax my mind after the weekend and will sit in USDT. (85% USDT, 15% BTC)
Please like/comment to show your support as it helps new traders reach my page who are looking to learn technical analysis and little tricks I've learned since starting.
Cheers 👍
Long WISH - Target @ 15, 16.9, 20.11I have a long position on $WISH as an open market volume scalp.
The following reasons are why I am long:
High probability of retesting new high at 15
MACD (4hr tf) building up buying pressure gradually rather than abruptly (not forming triangle)
MACD (1hr tf) potential cross over upcoming in case seller volume continues to decrease
RSI remains in a buyers area
Price holding above support at 50 and 20 MA, perhaps to retest VWAP (4hr TF)
VWAP acting as support (1hr TF)
~2%+ pre-market
I have my initial target at 15, but if we push past VWAP and all indicators continue to point bullish I would aim for VWAP at 16.9, then we should push to next R at 20.11. (4hr TF)
This strategy is SHORT TERM and only during market opening volume. In case optimal volume or price is not reached during the earlier part of the market session I will close my positions.
POSSIBLE HEAD & SHOULDERS (BEARISH PATTERN) FIB 0.382 (BTC)Good early morning my friends,
Just wanted to post a quick technical analysis on my current bias towards the market based on the information it's providing me at these levels.
Bearish target: 0.382 fibonacci (high to low) $33,888
My favourite motto is "plan your trade and trade your plan" and I'll do that.
Stay safe, and avoid high leverage.
FIBONACCI 0.382 ($33,888) BEARISH SCALP TRADE IDEA (BTC) First of all please get this technical analysis to 30+ likes to unlock tomorrow's alpha post 👍
If you seen my last post you'd know there was a short position on finex that at the time of my last post was $700 million dollars.
This is a whales game, if you want to survive stop thinking like retail and start thinking like the whales that destroy retail.
Plan your trade and trade your plan.
Stay safe, cheers 👍
~ Yurlo
ALICE/BTC - SHORT TERM SCALP SETUP! [High Risk]If you're like me, you're waiting to scale back into BTC and ETH, and are trying to take advantage of the recent volatility with some short term trades.
One way to kill 2 birds with one stone is by trading ALT / BTC pairs. Not a bad way to accumulate on the way down, if you can time it right.
BTC loves to do the opposite of what you and the rest of the herd expect. I think people are banking a little too heavily on the pennant pattern BTC has been ranging in, and we may be in for more downside before the weekend is over. I could be wrong, in which case I may get stopped out of this trade before you even see it...
But hey, shooters gotta shoot. what else am I supposed to do at 2am on a Saturday night ;)
Anyway, chart explains my thinking here. The trick is to spot short term reversals early enough to catch some upside. But In this case, ALICE is trying to break out from a rising wedge (typically bearish pattern), which can lead to parabolic upside IF it's confirmed. A big green volume spike some hours ago and low selling volume since then got me feelin bullish.
We'll see if BTC cooperates. Use stop losses on every trade in these conditions.
I know I've been quiet since the big dip... I'll try to post more of these.
happy trades,
CD
Bitcoin forms a triangle - Next trade!Hi traders.
In the meantime we can see that BTC is forming a larger triangle, in which we can expect shorter ABC swings.
What is happening?
As expected BTC bounced from our buy level. A potential inverse head & shoulders pattern is unfolding. If this pattern confirms, we can expect price to re-test the upper trend line of the triangle, because it is also the target of the inverse H&S, as well as the support line of the previous H&S (blue line).
How to trade it?
If you missed yesterday's entry, you may get a second chance to trade the swing - in case BTC is in a Wave C that extends into one of the two areas that I marked with a green box. These levels are the 100% and 162% extensions of Wave A. Wave C may come down in a 1-5 motive wave on a small timeframe - don't let price shake you out, stick to the precise levels.
What if not?
BTC may go up from here straight into the target area, without retracing deeper. The entire idea is invalidated if BTC goes lower and ultimately falls out of the triangle.
Happy trading!
Bearish scalp trade idea ($33,555) Downtrend retest (BTC)Target is $33,555.
Why?
1) Demand zone
2) Retest of broken downtrend
3) Uptrend would be stronger with a 3rd validation touch and $33,555 lines up with the other factors.
4) All these together is enough confluence for me to enter a low leverage scalp short.
Please hit that like button if you support my TA 👍
$33,555 WITHIN THE NEXT 24-72 HOURS (retest of broken trendline)A retest of $33,555 would be a pullback into the demand zone after breaking above this downtrend on the hourly. Bouncing off this region would print a higher low as well on the current uptrend BITCOIN has formed since the bottom at $29,000.
It does look bullish, but would like to see a bounce off my bearish short scalp target and from there I'll enter a long if things look okay. If we pump I'll monitor my position and manage risk, if we dump in the next 24-72 hours it'll likely be into the black rectangle box you see on my chart.
Stay safe, and good luck.