Bitcoin Trade setup (6.21% gain, 6,42 RR)Drop a like if this helps you out :)
Trade Idea: Long retest of support of 11500 as price broke supply resistance on a daily time frame
Reasons for trade:
1. Just broke daily supply resistance with volume expansion
2. Daily 89 SMA sitting at 11 500 ( extra support level )
3. previous resistance should now be support zone
Trade confidence: 7.5/10
RR: 6,42 with 6,21% gain
Warnings: if traditional markets decide to turn down Bitcoin will follow
Setupoftheday
CRM - 10.18% Potential Profit - Uptrend CorridorStrong level of support, confirmed multiple times over the past 5 months in an uptrend corridor.
Price bouncing on the support line.
- Historical Uptrend
- RSI + Stoch (NA)
- MACD (NA)
Suggested Entry $193.73
Suggested Stop Loss $214.69
Target price $189.47
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
TSLA - 10.97% Potential Profit - Corridor BreakoutLevel of confidence on this trade is Low/Mid and I will wait for a few minutes after the market opens to determine whether I'm entering with a Buy Stop or a Buy Limit order.
Corridor breakout. We are out of correction and it could now push up to +$2000.
Target price set at new Resistance bounce.
- 5-month uptrend
- RSI and STOCH above 50
- MACD above Signal
Suggested Entry $1845.75 (Buy Stop) or $1802.96 (Buy Limit)
Suggested Stop Loss $1778.69
Target price $2048.38
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
ATRS - 10.09% Potential Profit - Bullish PennantApproach this with extra-care, allocate less than usual, and take profit fast.
This is a penny stock and a high-risk / high-reward scenario.
Clear 6-month uptrend Support with a Bullish Pennant formed within.
Target price set at a new potential resistance line.
I suggest entering a Buy Stop order. If the stop price is not triggered, I wouldn't try to chase a dead-cat bounce. Keep Stop Loss tight and adjust accordingly to protect profits.
- 6-month uptrend
- RSI + Stoch above 50
- MACD above Signal.
Suggested Entry $3.10
Suggested Stop Loss $2.96
Target price $3.42
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
FTV - 13.01% Potential Profit - Ascending TriangleUptrend Support with a bullish pennant forming about to breakout.
Target price set at new uptrend resistance line.
- 5-month uptrend support
- RSI and STOCH well above 50
- MACD well above Signal
Suggested Entry $74.36
Suggested Stop Loss $72.33
Target price $83.89
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
EXTREMELY INTERESTING EUR/USD setupI've had this setup for the past months and didn't touched anything, the entire setup was right all buy points sell points; supply demand areas...
I truly believe what we see in EUR/USD is another possible reject of the blue trendline and expect buys. In case of sells (under blue line) and good rejects start looking for entries with all the support and resistance areas, in that time I'm gonna post a small update with the new trendiness drawed to cach those short time buy-sells if correlates with the actual and useful fibonacci levels that are drawed.
DXY Short PotentialTVC:DXY the index is seen below the kumo cloud which is the first sign that the index tends to move down. The second signal that serves as an indication is that DXY is in the descending channel which makes the pinbar on Friday's session yesterday, the pinbar is right on the S / R line and 0,5 fib retracement level. This will affect several trades.