XRP LongLonging XRP in anticipation of what looks like the break out of the triangle.
Taking profit at next resistance.
Fingers crossed
Schoolofsparta
BTC is it time to short ?I feel there is so much pressure building up on bitcoin over the last week, We haven't seen much price action happening or any clear trend price has been ranging in this channel squeezing further into this rising wedge.
With a 170% price increase since we bottomed out in March we have not yet seen a proper correction, Will the bearish divergence play out and perhaps we get a nice pullback to the 61.8 Fibonacci level ?
LTC Change in MSLTC long time going down, moving sideways and starting to change in market structure.
see 2 wicks to the left and then finally big bearish engulfing that pushed through, looking for;
A bullish engulfing to push through
2 closes above the EQ line
Limit Entry and SL set.
ETHM20 Bitmex RetracementConsolidation then drop to previous resitance.
Fibs from High to Low
Looking for entry on the previous supports for a short
ADAM20 09/05/20ADAM20 9/5/20 14.00 ADA break out trade falling wedge, price broke resistance @536 (on 4hr) looking for a move to the up side to 1st TP @558 just below resistance @560 level 9RRR 2.1:1
ADAM40ADAM20 9/5/20 14.00 ADA break out trade falling wedge, price broke resistance @536 (on 4hr) looking for a move to the upside to 1st TP @558 just below resistance @560 level 9RRR 2.1:1
BCDBTC
BCDBTC
Still in an overall bullish downtrend.
4hr consolidation zone, forming a squeeze in a bullish formation descending triangle.
BATBTC 4 out of 10 daily morning chartsBATBTC
Still in an overall bullish downtrend.
4hr consolidation zone, historically after LH forms these zones with a fast bullish movement off the bottom to be rejecter on another LH and fast bearish movement down to create a Lower low.
in the middle of zone ATM.
possible long from the bottom and short from the top.
both stop-loss are clear of previous market structure.
ATOMBTC 3 out of 10 daily morning chartsATOMBTC
still in an overall bearish downtrend. At the moment in a 4hour sideways consolidation period.
historically box consolidations have entry - 2 top touches and big bearish movement.
the missed ideal entry into short, Darvas box entry could play out and a stair down.
Low 4hr volume, MACD looks to flip bearish, histogram looking thin, BB narrowing, RSI midway with now divergence.
ALGOBTC 2 out of 10 daily chartsalgo in a sideways consolidation period.
midway in zone, possible 4% trade to the swing high failure if 1hr trend line is respecter.
SL tight under trend.
ADA MORNING 1 OUT OF 10 CHARTS PER DAY.ADA in an upwards bullish channel.
MACD + histogram cross, wait for a retest of the trend to get the best entry and long to top of ascending triangle within the channel.
ETHUSD Short MBA TA FridayLooking for shorts from FIBS
First run pulled back to the 236
and then pusshed to the over extension of 618.
Second run has had a pull back that pierced the 618, unliely to continure to push high,
Entry on the 236 for a swing back down to 618.
If trade drops before my entry then I will remove the order
THETABTC - potential long opportunityLong opportunity has presented itself with THETABTC
Been on a uptrend forming higher highs.
Recently broken out of the downwards wedge, and looking to retest the trendline
Could be 8 - 9% trade. Looking at some of the wicks to the left I will leave the last 25% of my trade as a trailing take profit, so see if I can catch it if it does wick up
XBTUSD next trade 4 hourLooking at the XBT it looks as though the trend may be reversing. We have seen a break in the trend line creating a higher high.
This is not a guarantee that this will turn around fully as it's previously been rejected at its current price. We need to wait for further confirmation.
I am waiting for the pullback at previous resistance. I will then be awaiting wicks to the downside and a bullish engulfing to tell me that the higher low has been confirmed. I will then be exiting at previous resistance.
Bitcoin Gold / Bitcoin - 240 Binance - Squeeze incoming?
Very simple setup forming on BTGBTC, currently respecting short term uptrend as it approaching a level of resistance.
As price continues to rise here, we can see Volume decreasing along the way. I will be waiting for a break up or down out of the squeeze point near resistance.
For the short option, I will be watching for changes in market structure as we approach resistance, after a clear break in trend a LH formed.
Alternatively for the Long I want to see a break (with volume backing it) and retest of the 0.001500 level, before entering long.
For risk management on this trade I will be using a max of 1% Risk of account as this coin was lots of large wicks both directions indicating a higher level of risk.
If price breaks down early, not up near resistance there will be no trade for me and the Risk-reward wouldn't fit my trade plan (minimum 2:1).
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Day trader, trading primarily crypto currency focusing on BitMex pairs.
Want to learn to trade? Come join the best only trading community focusing on technical analysis and mindset!
Send me a message on tradingview or discord (Jordan S#2373)
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NZDCAD -Short term trade opportunities within Channel NZDCAD has broken out of the wedge and has been respecting the channel.
I've placed a few successful trades within the channel already,both long and short, looking to continue the trades.
Typical R:R 2.5 - 3
Eventually I'd be looking for a breakout upwards out of the channel with an expected TP point at resistance/ supply block.
#SOS #Mybitcoinacademy #MBA #schoolofsparta
XRP/USD Potential Long position XRP has potential long opportunity if it holds above short term resistance
XBTUSD Could see a big move over the next few weeks...Looking to catch the retest on the trend i think this push down has a bit more left in it.
i have set a few take profits and will be watching these areas very close if they hit.
EMA crossed the VWAP 2 days ago can only see this pushing down at the moment.
ZRXBTC change in market structure potential 15% trade Broke out of the recent down trend and moved sideways forming double/triple bottom and a new Higher high
recently had and push and now waiting for retest of support for entry, which is around 38.2 fibs (bullish sign)
My plan is to take 50% profit at support/resistance at 2259 and move up SL to the 2500 area underneath the daily uptrend line (red for daily)
final take profit at 2868
#SOS #Mybitcoinacademy #MBA #schoolofsparta
XMRBTC 4hr Binance - Breakout soon? SOS TA Friday April 10 2020XMRBTC 4hr Binance - consolidation breakout setup
- Monero recently broke out of its downtrend and market structure has changed it is now in an uptrend.
- At the moment price is ranging between the 4hr support and resistance as it approaches the current trend.
I will be looking for the breakout either way, a move up and out above 0.008127 targeting 0.008680
or alternatively a breakdown from 0.007889 targeting 0.007272.
Current momentum is up so in my opinion the long will be the safer setup. However, if price approaches the 4hr resistance and gets an obvious rejection,
it could present a good short opportunity if we can then break support as the 4hr resistance is close to the 61.8 Fibonacci retracement level.
Therefore I will be waiting for an obvious break of a level as confirmation for this trade.
Time frame: This trade could take 4 days to a week to play out once we get a break.
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Day trader, trading primarily crypto currency focusing on BitMex pairs.
Want to learn to trade? Come join the best only trading community focusing on technical analysis and mindset!
Send me a message on tradingview or discord (Jordan S#2373)
Not signed up on BitMex? Use my link and save 10% on fees for 6 months.
www.bitmex.com
ICXBTC - Follow up on wedge trade Support and resistanceOriginal wedge breakout never eventuated. But one of the trades is still a possibility,
1) looking at a break of resistance at 3615 for a Long R:R is approximately 2:1 as it stands. The SL for this trade reduced depending if any structure is formed before the break in resistance.
2) Another option is to place an order at the Demand block.
I see two demand blocks right on top of each other, so I am considering placing staggered orders, one for each demand block to give me a better R:R. (approx 5:1)
Just one thing to note is to consider what BTC is doing when you are entering, as large movements from BTC has a tendency to affect Alt coins.
#SOS #SCHOOLOFSPARTA #MBA #MBATRADINGACADEMY
LTCM20 - Downward wedge forming - few long optionsDownward Wedge has been forming on LTC, It is also approaching a low demand zone
Options 1 & 2 looking for break and retest.
Two possible entry points, either around 5790 mark on the retest from the break out,
otherwise wait for 5890 resistance to break for the 2nd entry.
Option 3
Limit order set at top of demand block for a longer term long to previous high.
Trade will be managed with several TP's (5890, 6047, 6180) as it progresses.
Trade option 1 expected to play out within a day or so option 2 within 2 days from entry,
trade 3 possibly upto a week.
#mba #schoolofsparta #mbatradingacademy #sos #tafriday
XBT USD MBA TA Friday MBA Training Academy 07-04-20Broke 4hr Resistance, Bullish Divergence, Heaps of volume
Looks like overall uptrend, should re-test 8000.
