STOP LOSS AND TARGETS FOR ADA / USDTHello everyone, let's take a look at the ADA vs USDT chart over the 4 hour timeframe. As you can see, the price is moving above the local trendline.
Let's start by designating the support line and as you can see the first stop is fate at:
SL1 - $ 0.5988
SL2 - $ 0.5688
SL3 - $ 0.5405
and
SL4 - $ 0.4986
Now let's move on to the targets that we can set for the nearest future:
T1 - $ 0.6527
T2 - $ 0.7121
and
T3 - $ 0.7979
Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy, while the MACD indicator shows that we have entered a local downward trend.
Stoploss
GMT in the local uptrend, SHORTHello everyone, let's take a look at the GMT to USDT chart over the 4 hour timeframe.
As you can see, the price is moving above the local trendline.
Let's start by identifying the stop loss we have in the near future:
SL1 - $ 0.9975
SL2 - $ 0.9070
SL3 - $ 0.7979
Now let's move on to the goals we may consider:
T1 - $ 0.9994
T2 - $ 1.0598
T3 - $ 1.1099
T4 - $ 1,7579
Looking at the CHOP indicator, we can see that in the 4H interval most of the energy was used, while the MACD indicator indicates a local upward trend.
Long NZDJPY D1Long NZDJPY D1 Entry @ 81.667 - SL @ 79.40 - TP @ 85.55
Both the NZD and the JPY a being sold on the COT report dated May 10 2022. So the institutions aren't favoring either currency. The currency strength meter has the NZD slightly stronger than the JPY. So I'm going long with two other confirmations seasonality (bullish cycle between 5/19/ 2022 - 6/9/2022) and a bullish order block.
GMT has rebounded from resistance and is gaining energy. 4HCHARTHello everyone, let's take a look at the GMT to USDT chart over the 4 hour timeframe.
As you can see, the price is moving above the local trendline.
Let's start by identifying the stop loss we have in the near future:
SL1 - $ 1.1154
SL2 - $ 1,0001
SL2 - $ 0.9968
Now let's move on to the goals we may consider:
T1 - $ 1.2724
T2 - $ 1.3890
T3 - $ 1.5492
Looking at the CHOP indicator, we can see that in the 4H interval we have a lot of energy for the next move, while in the MACD indicator we see that the blue line crosses the red one from above, which could potentially lead to a further decline in the price.
Be careful and use stoploss in the short-term game.
Will SHIB recover from declines?Hello everyone, let's take a look at the SHIB to USDT chart on a 1 day time frame. As you can see, the price is moving below the local downtrend line and is approaching its side exit.
It is worth starting with setting a stop loss, which we should take into account in the coming hours. As you can see, we chose 4 stop losses:
SL1 - $ 0.00001170,
SL2 - $ 0.00001109,
Now let's move on to defining the goals of price and as you can see, the first is at the T1 level - $ 0.00001211, which the price is currently struggling with, the next is at the T2 - $ 0.00001399 level, the next is T3 - $ 0.00001552.
Looking at the CHOP indicator, we can see that we collect more and more energy in the 1-day interval, and the MACD indicator does not indicate a downward trend.
The ADA is based on the first stop lossHello everyone, let's take a look at the ADA to USDT chart on a 1 day time frame. As you can see, the price is moving below the local downtrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is SL1 - $ 0.4429 which is currently in price, if the support breaks, the next one is SL2 - $ 0.4022 and SL3 - $ 0.2740.
Now let's move from the resistance line, as you can see, the first resistance is T1 - $ 0.5936, if you manage to break it, the next ones will be T2 - $ 0.6520 and T3 - $ 0.7122 and T4 - $ 0.7971.
Looking at the CHOP indicator, we can see that in the 1-day interval some energy has been used to reduce the price, but we still have a lot of energy that can be used in the coming days.
GMT at 15m intervalHello everyone, let's take a look at the GMT to USDT chart on the 15 minute time frame.
As you can see, the price is moving below the local downtrend line.
Let's start by determining the stop loss we have in the near future:
SL1 - 0.807 $$
SL2 - $ 0.208
Now let's move on to the targets we can consider:
T1 - $ 0.998
T2 - $ 1,103
T3 - $ 1,188
T4 - $ 1,272
T5 - $ 1,389
Looking at the CHOP indicator, we can see that in the 15-minute interval most of the energy has been used.
How did Open Interest tell me: Stay long as BTC Dumped!?!BYBIT:BTCUSD
I was in 3 long trades as Bitcoin dumped on the 26th of May 2022.
I had 2 choices. Close my longs because I saw price dumping below my entry
or
look at what Open interest was telling me to determine if this was a fakeout.
I saw price dropping as OI was dropping. This meant that longs were closing out their positions, which means that when this ended, price could reverse quickly.
Longs were closing out their positions and re-entering as shorts. As soon as this selling dried up, Longs started entering and then suddenly shorts were being liquidated, pushing the price up again.
This is known as a stop run. Hit long stops and then hit short stops. Be aware of this kind of fakeout as it happens again and again!
Learn to trade the retest and why it is important not to short at support and inversely why it is NB not to long at resistance, UNLESS you get a retest of that level!
Not financial advice, DYOR. Papertrade before using real money.
If this educational snipped helped you, please consider giving it a thumbs up and follow for more like this!
Trade Safely and Learn something every day!
Shawn
MATIC on 4H interval, target and stop lossHello everyone, let's take a look at the MATIC to USDT chart over the 4 hour timeframe. As you can see, the price is moving below the local downtrend line.
Let's start with determining the stop loss that we should take into account in the short term and, as you can see, we can set the following stop loss:
SL1 - $ 0.629
SL2 - $ 0.597
SL3 - $ 0.557
Now it is worth going to the targets that we should take into account when playing short-term, we see individual targets:
T1 - $ 0.689
T2 - $ 0.747
T3 - $ 0.804
Looking at the CHOP indicator we can see that in the 4-hour interval some energy has been used up, but we have a little bit to continue the movement.
However, please remember that the market can be dynamic and you should always be careful with the market and analysis.
If BTC is stable, GMT may start to go upHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is SL1 - $ 1.29, if the support breaks, the next one is SL2 - $ 1.17 and SL3 - $ 1.02.
Now let's move from the resistance line, as you can see, the first resistance is T1 - $ 1.62, if you can break it, the next resistance will be T2 - $ 2.10 and T3 - $ 2.50, T4 - $ 2.90.
Looking at the CHOP indicator, we can see that on the 1-day interval we are starting to recover energy, and the MACD indicator indicates an upward trend
Bitcoin Idea May (2022) Custom Heat_Mapping and Wolfe Wave - Heatmap reacts with chart- and shows- color of heatmap- within candles- I think theres a mtf and supertrend as well-- Looking for a long to go through over the next 5 days--alien spaceship--bullish trend - dump today was a huge bart pattern- -1500 dollars - rebound to where we started at the beginning of the day- hopefully we bounce back up to 32500 then 40 000 usd within the next few days- stay posted - track the chart- hit the like button and follow me if you like- always looking for new friends that trade.
BTC stop-loss hunt is highly expected soonFriends,
reviewing the 1D BTC chart, I noticed that we had at least 2 SL hunts with massive pullback and global uptrend channel continuation.
Now we're in a very similar situation and I expect the 3rd SL hunt to the are around 36000.
What do you think, may this happen?
Share your thoughts in the comments!
TRX | has a good support areaHello . 🖐️
Here are some facts we all know :
1.We have a good support area near us. Tested several times
2.Large volume traded the previous days
3.Our oscillator will go head down and possibly reach the oversold area
What I think might happen soon :
1.The price falls once again because of the emotions that dominate the market
2.Apart from market sentiment, there is good liquidity below the support area + round number 0.06 can also be the stopping point of many traders (stop hunting)
3.Our oscillator turns blue, which indicates the fall of the market, but basically, when all the columns turn blue, it is the turning point of the market. So if we have heat or red lines later, we can reach higher prices 🔥 (I did not specify a target) 😅
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Leave a comment if you think using volume for analysis is useless
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SHIB right on the support!Hello everyone, let's take a look at the SHIB to USDT chart in 1 hour. As you can see, the price broke above the local downtrend line.
It is worth starting with setting a stop loss that we should take into account in the coming hours. As you can see, we chose 4 stop losses:
SL1 - $ 0.00001170,
SL2 - $ 0.00001109,
SL3 - $ 0.00001019,
SL4 - $ 0.00000908.
Now let's move on to determining the goals that price has in front of him and as you can see, the first is at the T1 level - $ 0.00001247, which the price is currently struggling with, the next is at the T2 - $ 0.00001350 level, the next is T3 - $ 0.00001457 and T4 - $ 0.00001604 .
Looking at the CHOP indicator, we can see that some energy has been used within 1 hour, but we have a little to continue the movement. On the other hand, the MACD indicator shows an upward trend.
Will DOT handle the first target?Hello everyone, let's take a look at the DOT to USDT chart over the 1 hour timeframe. As you can see, the price broke above the local downtrend line.
It is worth starting with determining the stop loss that we should take into account in the coming hours. As you can see, we chose 3 stop loss: SL1 - $ 10.75, SL2 - $ 10.09, SL3 - $ 9.54.
Now let's move on to determining the targets that the price has in front of it and as you can see, the first one is at T1 - $ 11.34 with which the price is currently fighting, the next one is at T2 - $ 12.46.
Looking at the CHOP indicator we can see that in the 1 hour interval some energy has been used up, but we have a little bit to continue the movement. On the other hand, the MACD indicator shows an upward trend.
BTC on the border of the support zoneHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving in a downtrend.
Let's start with the designation of the support line and as you can see the price has dropped below the support zone and the first support in the near future is SL1 - $ 28,373, if the support breaks down, the next is SL2 - $ 27,596 and SL3 - $ 26,716.
Now let's move on to setting targets for the coming hours and you can see that T1 - $ 29,250, if you can break it, the next T2 - $ 29,594 and T3 - $ 29,867 and T3 - $ 30,139.
Looking at the CHOP indicator, we can see that there is still a lot of energy in the 4-hour interval, while the MACD indicator is just before the red line crosses from above, which would confirm the downward trend.
Stay sharp in these volatile times!These are crazy times.
In 2020 I started to seriously dedicate myself to becoming a profitable trader. the past few months have been very volatile. and for me as a beginner it is also very difficult to earn even a little constant results. and maybe you recognize yourself in my situation, But I have learned a lot from all this chaos ;) , and therefore I have written down a few of my own experiences that hopefully will help you to get a little more consistent results. as I say, I am no expert and this is therefore certainly not financial advice. but especially in these times I think it is nice to help each other a little and learn from each other's mistakes.
1. It's okay to not have open positions from time to time. Occasionally it can be frustrating, if you take a loss, but that's okay, hopefully you learned something from it. I now consider the current (short-term) trend to be neutral/Bearish. and I am now reading Technical Analysis of the financial markets and in that book there was a sentence that I did find reassuring: "It is during these periods of sideways market movement that technical traders experience their greatest frustration, and systems traders their greatest equity losses". Take these times to prepare yourself for a more predictable market phase.
2. Trying to predict a bottom can be dangerous. Try to wait for confirmation, or a known pattern. Take LUNA/USD as an example, luckily I didn’t had any money in this coin. But you don't want to get stuck in a long position, don't forget to set a stop loss either, and the last point actually ties into point 2
3. A well-known rule is that you should not add to a losing position. I thought I had remembered this but I did catch myself doing it at the beginning, especially in times like this it can be disastrous, usually it doesn't end well.
I wish everyone the best coming times, hopefully most will achieve their goals. Keep thinking rationally and try to keep your emotions under control. I wish you all the best.
Let me hear from you in the comments, I am very curious about your experience in this market.
Perhaps you have a suggestion for me, I would be very happy with that.
AMEX:SPY
SHIB in the support areaHello everyone, let's take a look at the SHIB to USDT chart in 1 hour. As you can see, the price is below the local downtrend line.
Let's start by marking the support line and as you can see the first Stop Loss that the price is currently based on is $ 0.00001981 in the case of a support break, the next Stop Loss to consider is $ 0.00001916 and the next one is $ 0.00001838.
Now let's move on to the goals we can set for the next few hours as you can see in the chart, the first goal is $ 0.00002001 and the next ones are $ 0.00002103, $ 0.00002186, $ 0.00002269.
Looking at the CHOP indicator, we can see that we have a lot of energy in the hourly interval, so it is worth being careful and securing your stop loss positions.
LUNA based on supportHello everyone, let's take a look at the LUNA to USDT chart over the 1 hour timeframe. As you can see, the price has dropped below the uptrend line.
Let's start by marking the support line and as you can see the first stop loss the price is currently basing on is SL1 - $ 72 if the support breaks, the next stop loss to consider is $ 59, and another is $ 43.
Now let's move on to the targets that we can set for the next few hours, as you can see on the chart, the first target is T1 - $ 75.51 and the next ones: T2 - $ 78.04, T3 - $ 80.02, T4 - $ 82.14, T5 - $ 85.04 and T6 - $ 88.33
Looking at the CHOP indicator, we can see that we have a lot of energy in the hourly interval, so it is worth being careful and hedging your stop loss positions.
BTC on a 1 hour interval SHORT!Hello everyone, let's take a look at the BTC to USDT chart in 1 hour timeframe. As you can see, the price is moving in the local downtrend channel.
Let's start with marking the support line and as you can see the first stop loss should be set at SL1 - $ 35,868, if the support breaks, the next stop loss that should be taken into account in the next few hours is: SL2 - $ 35698, SL3 - $ 35507, SL4 - 35260 $ and SL5 - $ 34508.
Now let's move on from the resistance line, as you can see, the first resistance is target 1 - $ 36,378, if you can break it, the next resistance will be target 2 - $ 37,058, the next one is target 3 - $ 37,631 and target 4 - $ 38,226.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1 hour interval, so it is worth being careful and securing your stop loss positions.
GMT has a price adjustment but has collected a lot of 1D energyHello everyone, let's take a look at the 1D GMT to USDT chart. As you can see, price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is SL1 - $ 3.12, if the support breaks, the next one is SL2 - $ 2.45. It is worth choosing at least one stop loss.
Now let's move from the resistance line, as you can see, the first resistance is T1 - $ 3.43, if you can break it, the next resistance will be T2 - $ 3.60 and T3 - $ 3.74 and T4 - $ 3.89.
Looking at the CHOP indicator, we can see that on the 1D m interval, we have a lot of energy for the next move, while the MACD indicator shows a downward trend because the blue line is below the red one.