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Sidewayschannel

ETH/USDT 4H - Targets and StoplossHello everyone, let's look at the 4H ETH to USDT chart as you can see that the price is moving in a local sideways trend channel. Let's start by setting goals for the near future that we can take into account: T1 = TADAWUL:2080 - $2094 T2 = TSE:2107 - HKEX:2118 T3 = HKEX:2135 AND T4 = TSE:2157 Now let's move on to the stop loss in case the market goes down further: SL1 = TSE:2072 SL2 = MYX:TDM AND SL3 = FSE:1999 Looking at the CHOP indicator, we see that there is still a lot of energy on the 4H interval, while the MACD indicator indicates a local downtrend. We see a rebound on the RSI, but the indicator is still in the upper limit, which may deepen the correction.
by cryptodailyuk
AUDUSD Sideways / Ranging M30AUDUSD Sideways / Ranging will be clearly visible on the M30 timeframe, Starting from March 31, You can enter the demand area (when this idea was created) or enter supply with a CONFIRMATION note, Don't try to enter without confirmation, because maybe the price will trying to penetrate Supply / Demand, the direction of price movement will remain the same, namely down when it touches supply, and vice versa. For CONFIRMATION, this time I use the EMA 25 ( EMA 25 timeframe M30) when the price crosses/breaks the EMA with a stop loss at the previous Swing Low Pay attention to your risk/reward when you enter I suggest R/R Minimum 1:1.5 i do not guarantee anything, i only share my analysis Do your own research!
by hery88xx
1
BTC - daily chart updateBTC Daily Chart Update: BTC is back above its Weekly 50EMA. BTC is back above its Bollinger Bands Middle Band Basis 20 Period SMA. At the moment, BTC is above its Bollinger Bands Upper Band so we could see a re-tracement back under the Upper Band or BTC could continue walking up on the outside of the Upper Band. BTC has broken upwards from its Descending Channel and Descending Triangle. BTC is still in its Sideways Channel. BTC is back above its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visible range that i have selected. Volume has increased & note that todays Volume Bar is above its Volume 20 Period Moving Average. The Moving Average Convergence Divergence (MACD) is showing that the MACD Line (Blue Line) has crossed back above the Zero threshold, this indicates that a 12 Period EMA has crossed back above a 26 Period EMA on this daily chart. Note that the Green Histograms are increasing in size and that the MACD Line (Blue Line) is still above its Signal Line (Orange Line) for this 1D timeframe. Note that this is the first time that the MACD Line (Blue Line) is back in the positive zone above the 0.0 level since 11th May 2021. The Average Directional Index (ADX DI) is showing that Positive Momentum has overtaken Negative Momentum with the +DI (Green Line) crossing back above the -DI (Red Line). The +DI (Green line) has risen sharply to 35.72 and the -DI (Red Line) dropping to -15.98. The ADX (Yellow Line) is at 24.27 pointing upwards but still below its 9 Period EMA (White Line) at the moment which is at 25.69. Note that this is the first time since 25th March 2021 that the +DI (Green Line) has successfully crossed back ABOVE the -DI (Red Line) for the 1D timeframe. The Chaikin money Flow (CMF) is indicating accumulation has increased with the CMF (Green Line) rising sharply to 0.14 with the CMF (Green Line) back in the Accumulation Zone and back above its Least Squares Moving Average (LSMA) (Blue Line) which is at 0.03. The Relative Strength Index (RSI) is indicating a sharp spike in upwards momentum with the RSI (Purple Line) back above its 9 Period EMA (Yellow Line). Note that the RSI still has a bit more room to move up before entering the Overbought Zone for this daily timeframe. For the longterm, we need BTC to successfully break upwards from its Sideways Channel Resistance and turn that resistance line into strong support. If BTC cannot successfully do that, then BTC with just continue ranging sideways within its massive sideways channel & possibly drop back to its Weekly 50EMA and Bollinger Bands Middle Band Basis 20 Period SMA. I hope this is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
4
BTC - H1/M15 - ONGOING BEARISH PRICE ACTION...H1 : In a broad downtrend channel with current level still below the clouds ! Very short term sideways channel ranging between former high @ 51378 and former low @ 49388 Breakout of one of those level will open a new trading range. M15 : Caught in this very short term sideways channel ! As mentioned in H1, a breakout of this channel will open new trading range, respectively 49388-47555/46000 on the downside (expected !) and 51378- 52245/54000 (see H1 chart) on the upside Have a nice weekend All the best and have fun Ironman8848
BITSTAMP:BTCUSD
by Ironman8848
2
BTC - H1/M15 - SIDEWAYS PRICE ACTION...H1 : In a sideways, slightly downside price action. Clouds are acting as a resistance zone to break. 2 upside breakout failures so far. On the downside, a clouds support breakout would directly put the focus on the 47000 area (yesterday's former intraday low !), ahead of the double bottom area around 45000. M15 : Sideways price action. Watch clouds support zone. A downside breakout would put the focus on former low of 48050 ahead of 47000 as mentioned in H1
BITSTAMP:BTCUSD
by Ironman8848
2
HOW TO GRID TRADE: The Good, The Bad and The Ugly (Tutorial #5)HOW TO GRID TRADE: The Good, The Bad and The Ugly (Tutorial #5) DID YOU KNOW? The cryptocurrencies you’re holding right now could be generating passive income. Even if you have small holdings or limited capital THIS can become very profitable with a little known strategy called GRID TRADING. EXAMPLE: 11-DAY GRID TRADE EARNS 19.27% PROFIT EASY TO LEARN, LOW RISK & HIGH RETURNS? WHAT'S THE CATCH? If you have not read my previous tutorials on grid trading , I’ll summarize the concept quickly. Grid trading is a type of trading, typically managed by a BOT which sounds a lot more complicated than it is. In a nutshell, you select a range, you divide your range into equally spaced buy/sell grids (like trip wires, sorta) . And as price zigzags up and down, your “trip wires” trigger buys and sells - catching profits for you incrementally all along the way! If you are able to start your grid as the market ranges sideways (which is 70% of the time) or when it is in a gradual upward ranging trend (15% of the time) then you are going to make money most of the time. That leaves about 15% of the time when the market is ranging downwards (and even then, many times grid trading can still produce a profit) . Grid trading requires far less skill and less management than most other types of trading -PLUS- it has far less risk. Not to mention, most grid traders make better returns on their money with grid trading than they do with any other trading strategy. Can you lose money grid trading? YES, but with a little knowledge, losing money is hard! OK IT'S EASY PEASY, BUT HOW DO I DO THIS? You'll need a gird bot automation platform to manage this, but once you've got that... there are only a few parameters you must setup to get started with your grid bot trades. And if you start with a small investment, the learning process is rather fun. Once you get the hang of it, you can increase your investment. The sky is the limit. 1) GET YOUR GRID TRADING BOT (recommendations below) 2) PICK THE CRYPTOCURRENCY PAIR which you plan to trade. 3) SELECT YOUR RANGE. It's called your “trading channel” - and while this can vary depending on the crypto asset you select, it can also vary based on your trend bias and available capital. Just as a thumbnail guide, you might trade a top 10 cryptocurrency pair within a 4% to 8% trading channel, whereas a low cap coin pair might merit a 1% to 50%+ trading channel. 4) DETERMINE A GRID SPACING or GRID COUNT which basically divides your range into a series of buy and sell grid lines. As the price of an asset moves up or down within your range, the bot will execute trades. Each time the price moves up over a grid line the bot will execute a sell order. Each time it moves down over a grid line it executes a buy order. As long as the price stays within the upper and lower price limits that you have pre-set, you will profit from the zigzag of the market. 5) A STOP LOSS is optional and may not be needed at all, but it is a parameter you must think about and set, if you feel you need it. If you are trading a coin that you don’t mind holding, a stoploss is not needed. Advanced strategies can reduce almost all possibility of loss! NOTE: Trying to grid trading manually is near impossible. It is highly recommended you use a trading bot to carry out your grid trading strategy. NO BOTS ABOUT IT... Grid trading bots automate the process and maximize your potential profits. Your bot will automatically place buy and sell orders at pre-set price points you map out upfront. As you go along, your bot will replace grid line open orders as each previous grid level (line) is executed. You simply need to set your upper and lower price limits (your range) for your trading channel, decide how many grids you want, and how much of the asset you’ll invest in. Once your parameters are entered, your bot can be started and you can sit back and watch profits add up. For example, if you chose to trade BTC/USD, then you'll start by buying BTC and you'll simultaneously place limit sell orders along your grid. This is easy because your bot will automate the entire strategy. You can of course get very good at this type trading and make an impressive income however, at the most basic level, all you need to know to start Grid Trading today, is what you’ve just read, perhaps a few more tips from my other grid trading tutorials and if you're smart, you'll try grid trading indicators. Additional resources are found below. HOW DO I LEARN MORE? 1) Review my related IDEAS and TUTORIALS (linked below) 2) Explore GRID INDICATORS (linked Below) PLEASE HIT THE LIKE BUTTON (and follow me... just look below the chart at top... yes, up there where "Kilroy" is watching!) As always, I appreciate your support. Please share with others. ENJOY! Dan Hollings Master Crypto Grid Trader Please Explore My Other Indicators, Scripts, Grids and Educational Ideas. @ DanHollings on Tradingview.
OEducation
by DanHollings
7
EUR/USD Support & Resistance Key Level Analysis - Short (4H)This is following on from my correct long analysis on Monday: Hello Traders! Another basic analysis for this/next weeks EURUSD 0.00% currency pair as always I'm keeping it simple. I'm new to the community and trading so any feedback will be greatly appreciated. As we can see, my long target has nearly been hit, however, I have closed my position. I expect EURUSD to rise to 1.24 before looking for a confirmation to short the reverse back towards 1.22. Happy trading. Ben
Short
by benbelasye
LBRY Credits (LBRY) Analysis and Trend Identification.I heard about BITTREX:LBCBTC back in early January and bought in right around the peak in January. I was riding the upward channel for a couple of days but failed to stick to my guns and decided to hold. Since then, I've seen a 50% retrace and am seeing a slowing of the downward trend. See my other analysis in the related link below on BINANCE:RLCBTC where we see similar signs and a near perfect bounce off of the parabolic upward-facing line. I'm not seeing BITTREX:LBCBTC level out quite as much, but the charts are surprisingly similar. We will likely continue in the downward channel for a bit longer. A move towards the upward edge of the channel will be a sign of a potential reversal. See the several spikes on the upward channel that I saw as a strong sign a month ago -- the RSI showed overbought and right after we saw a retrace. We've seen three oversold markers on this descent, and it seems like there will be a fourth touch coming up soon. The difference is, we're leveling out approaching the next touch. I'm looking for a touch within the purple circle and a retrace following the right side of the parabolic line. Significant volume on a reversal should signal the end of this downtrend and put us into another bullish trend, as COINBASE:BTCUSD leads the recovery of the entire market. If we see the price continue to drop with no dip below the RSI bound, this will confirm another continuation of the downward trend. I'd like to hear your thoughts on BITTREX:LBCBTC ! Please comment below, as the more input we see, the more informed we are! *** This is not a recommendation to buy or sell, this is for educational purposes only! ***
Long
by dsgorthy
How to benefit from AAPL trading sideways & make an easy 15% ROIThis idea zooms in on how AAPL is trading sideways and how you can still benefit from it. One can make 5% per trade if only going long (one can also go short of course). Three legs up equals 3 x 5% or 15% easy money. A straightforward way is to look at the CCI (Commodity Channel Index) in combination with the MACD. Important is to have a close look to the candles as well, as they signal what will happen next , especially at the bottoms and tops where you can buy/sell respectively. More on candle predictions in other posts! What does this graph tell us? It tells us, that short term, AAPL price will dip slightly, one can take advantage of this . What will happen after that, see my other post on AAPL. Best regards & hope you find some information in this post! Important PS: if you have a look at the AAPL graph zooming out as of 2008 , then you have a very long term trend channel. You can see that AAPL has broken this level (I can't find a way to go back for more than just a couple of months, instead of choosing the yearly time frame, otherwise I would visualise it). We see that AAPL breaks that trend channel. However, you see it struggling with keeping above that long term resistance. This is quite the red flag to take into account in any of your further analysis when thinking about whether AAPL is a buy or not!!
NASDAQ:AAPL
by A_Cryptastic_Mind