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SXP 12h Where will the price move next: by $5 or by 1.30I n the previous idea, we warned or even wrote directly that it was time to take profits for longs. Literally after that, the price of SXPUSDT dropped from $3.70 to $1.70 in a few days, which is a hard -50% Now the SXPUSD price has again approached the $3.60-4 zone Again, you need to closely monitor the price behavior. A 1-2 day consolidation above the $3.60 level will give a chance for an impulse up to $5 per SXP However, if we see false breakouts of the level on the chart again, like last time, then the price of SXPUSDT will first go down to $3.00-3.10 And below this level, a way will open for a fall to $1.3 _____________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
28
SXP 12H Earned, it's time and honor to have, the final chordHello, today is the time to update the idea for SXP since the H&S pattern has fully worked out its potential. We described in detail about the H&S and goals for growth in the previous idea, who believed and used it - made good money. Now what? Now the price of SXPUSDT is approaching the levels, where the time comes to fix your longs a little bit. I n the area of ​​$3.60-4 , a protrade is possible, the logical completion of which will be an impulse. We are not psychics to clearly name where the price will move next, but we recommend that you closely monitor the price behavior in this zone. The impulse can equally shoot up by $5 and down to the area of ​​$2 The absolute maximum of the SXPUSD price passes about $5, and so far we cannot believe that the maximum will be updated the first time. Now, in our opinion, a deep correction is more likely. _____________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
11
SXP CryptoCurrency Price consolidating below ResistanceSXP swipe cryptocurrency price consolidating below the resistance zone also cryptocurrency price holding the trend line support really good. Trading Tips : trend line support is really handy tool in bull market for support and resistance trading. Ichimoku cloud also turned green and looks ready to move. price can move really high once close above the resistance. "Ichimoku Kinko Hyo, usually shortened to "Ichimoku", is a technical analysis method that builds on candlestick charting to improve the accuracy of forecast price moves." You can buy SXP cryptocurrency token below resistance as long as price holding the trend line support . after breakout of the resistance you can set stop loss at comfortable level. and keep manage your trade. else you can enter when price make a breakout above the resistance
Long
by TheLightCrypto
3
SXP 12h H&S reversal and up or false hopeAnyone who has been following our ideas for a long time should remember that we wrote about SXPUSDT for 60 cents back in September. Then, in the previous ideas, we confirmed that the target is relevant and this happened) We hope that those who hated us in the previous ideas have successfully purchased) Because we need to trade according to what the chart draws, and not how the "wants" suggests. And now, on the horizon, there is finally a ray of hope for growth. Possibly H&S reversal pattern is forming on the chart. If the price can fix higher, while the impenetrable zone, $1.10-1.30, then there will be a super chance for the SXPUSDT price to grow to $2.80. Fly in the ointment: if the price fixes below $0.68 and the level $0.6 also be broken down, then the price will fall to $0.36. _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
2
BITCOIN - Opportunities For Short-Term Traders!Hi, After a bounce from $9000, the Bitcoin price has climbed back above the $10,000. Currently, the price trades in the middle of the ranges and it is pretty corrective but still, we should get pretty nice trading opportunities with confirmations. Firstly, it can offer breakout trade opportunities and we should wait for breakout confirmations! To be said, my eyes are pointed into the $12,000 for "short" because of the lower lows and lower highs. Why the price should go higher? Obviously, there are some reasons behind it but the major reason is the bullish candlestick pattern "Morning Star" formation on the Daily 4-5 days ago which can drive the price higher. That's why I would like to point out some strong resistances just above the current price BUT while the price approach that 12k, we may get a good buy setup as well. If the price doesn't go higher from the current levels then I have a plan for it as well! So, a lot of opportunities, it should be interesting. Okay, now those resistances (blue areas above the price). Two major resistances and the price has printed those resistances nicely around the semi-round numbers: 1. Around $11,000 2. Around $12,000 1. Around $11,000 It is the nearest (while I write this post the price is ~$10,600) and it is worked pretty nicely as a support level and as a resistance level, criteria: - The round number $11,000 - Previously worked strong price level - Fibonacci Retracement 38%. 38% Fibo retracement level is basically the momentum level. If the current slight down pressure is serious then this can be the area where it starts to go downwards. - 4-hour timeframe EMA's (50, 100, 200) are around the area and they should act/work as resistance levels. The criteria count is pretty low but the area is strong. It already got a rejection and a possible bearish confirmation (a 4H candle close below $10,350) should come after the breakout from the bearish chart pattern called Head & Shoulders. It can lead the price into the Bart move: 2. Around $12,000 The price should start to approach it more seriously after the 4H candle close above the $11,150. Then the prementioned resistance level has cracked, the prementioned bullish candlestick pattern Morning Star starts work in our favor and it has made a breakout from another chart pattern. This time it is a bullish chart pattern called "Inverted Head & Shoulders" and the target should stay around $12,000: Now, the reversal criteria around $12,000: - The round number itself should act as a resistance - The major counter-trendline (black line) should act as a resistance level - Fibonacci Retracement 62% known as a Golden Ratio - Previously worked resistance on 4th July and on 12th July. - Fibonacci Extensions Individually the strongest criterion is still the strong area around $11,000 but more reliable criteria are located exactly around $12,000 and as always - to be more secure, wait for a bearish candlestick formation. SUMMARY: Three trading opportunities: 1. SELL opportunity: wait for a 1H or 4H (more reliable is a 4H) candle close below $10,350. Targets $10k etc. 2. BUY opportunity: wait for a 1H or 4H (more reliable is a 4H) candle close above the $11,150. Target around 12k 3. SELL opportunity: wait for a bearish candlestick formation around the $12k. Targets $11k etc. Do your own research and if this matching with one of my three options then you are ready to go! Please, take a second and support my effort by hitting the "LIKE" button, it is my only fee from You! Best regards, Vaido
COINBASE:BTCUSD
by VaidoVeek
51
BITCOIN - Bullish Breakout From Three Chart Patterns!Looks like the market wants to go higher, we have already a 1H breakout confirmation and if we get also 4H confirmation then this breakout could be more secure but currently 3 hours to go and as you know things can happen quickly. Bullish criteria: 1. The price is above the major counter trendline, this dotted line from the top. Counter trendline breakouts into the bigger trend direction have played out pretty nicely so, let's see! 2. The BTC price is above the counter trendline which is an indication that the short-term downwards movements can turn into bullish. Just some minutes ago we got a breakout from the triangle: It is a bullish breakout but that's not all... 3. The Bitcoin price made a breakout above the bigger triangle: 4. This bigger triangle upper trendline is also an important line from another bullish chart pattern called Inverted Head & Shoulders: 5. On 1H we have EMA Golden Cross which will be a momentum indicator that the price can climb higher. SUMMARY: The BTC price trades above the major counter trendline, it has made on 1-hour timeframe bullish breakout from the three chart patterns - from the smaller triangle, from the bigger triangle and from Inverted Head and Shoulders. The price structure and overall view on the chart are supporting that move upwards. It can possibly reach as high as $13,000. If 4H gets a close above those patterns then it is a pretty clean breakout, haven't seen it for a while so, it would be pretty interesting to watch - do this works or not. As said, the more secure breakout would be a 4H candle close above prementioned chart patterns and if it gets a close above the $12,000 then it would be even better. Then we should get also a new short-term higher high and the road is fully open into the $13,000! Do your own research and if this matching with one of my three options then you are ready to go! Please, take a second and support my effort by hitting the "LIKE" button, it is my only fee from You! Best regards, Vaido
COINBASE:BTCUSDLong
by VaidoVeek
120
BITCOIN - Something For Everyone!Without any blablablaa...let's jump straight into the current action. If the last trading idea was a breakout trade then today's high probability setup is a reversal trade. It is definitely a bit riskier because we are on the weekend and lately weekends have been interesting - full of volume and movements, especially to the upside. Today's setup is a sell but there is also a pretty clean buy confirmation. As always, do your own research and if this matching with my views then you should be ready to take action. Reversal area around $11,500 consists of multiple criteria which all should work as resistance levels: 1. Trendline from the top (a thin dotted line from the 2019 high) acts as a resistance 2. The parallel channel upper trendline still should work as a resistance. 3. Strong and important price level $11,450 - 500 acts as a resistance 4. Previously worked resistance level in 3. July will give an indication that there could be starting to form a bearish chart pattern Head and Shoulders 5. Short-term Fibonacci golden ratio 62% matching exactly with the prementioned criteria 6. A smaller channel (blue line) upper trendline is on the crossing area 7. Short-term AB=CD So, we have a pretty high count of reversal criteria in a tiny price zone. You can choose between three options: 1. Sell immediately and the SL goes above the slightly above the $12,000 but if the 1H or 4H candle gets a close above the $11,750 then you can close it manually. 2. Those blue channel lines are as a Bear Flag, so the second option and more secure option - wait for a breakout below the Bear Flag and the target is $10,000 3. Just wait and watch it but if you see a 1H or 4H candle close above $11,750, then buy the breakout. SUMMARY: At the moment the price is on the strong resistance area where it can make a drop. The recent price action has been pretty bearish, which increases the odds that it may drop but still, more secure trade would be a sell after the candle close below the Bear Flag and the target in both scenarios would be the $10k Do your own research and if this matching with one of my three options then you are ready to go! Please, take a second and support my effort by hitting the "LIKE" button, it is my only fee from You! Best regards, Vaido
COINBASE:BTCUSD
by VaidoVeek
15
BITCOIN - High Probability Trading Setup!Yesterday, on my previous post, I made an update where I said that the $12,000 can be the turning point, let's see currently it has held nicely. Luckily we don't have to do search reversal areas, luckily we have a pretty good indication: downwards channel and the counter trendline. Yesterday, the counter trendline break worked perfectly and hopefully today is not an exception. Again, the price is on the edge and I have to post it pretty quickly. Never knows, usually when I start to make those posts then the sleeping giant starts to wake up, it is a classical scenario :) Do you remember when I said on my "Multi-Timeframe Analysis" post: "Weekly Gravestone Doji has a lot of "free space" between close and the top" . What does that "free space" mean? Usually, the market doesn't accept those. Did you knew (this example is more from Forex but...) - gaps (those occur mostly after the weekend) gets filled 80-90% of the time, it is also a "free space" and the market want's to fill those gaps and it fills, there is just a matter of time. Now the Gravestone Doji: As you see the candle is huge if you compare it with others. Yes, it is a Shooting Star formation and etc. but it is not symmetrically compared with other candles around it. If there is a huge candle as it is right now on the Weekly then usually the price starts to fill some part of the candle. Currently, everything looks fine and the price has made this unfilled area a bit smaller, great. (Hopefully, you understand what I meant about that) Around $12,000 we had some reversal signs: 1. $12k itself should act as a resistance 2. Channel upper trendline should act as resistance (it's a bit mixed, more about that below) 3. 2x AB=CD 4. Smaller channel upper trendline (is not on the image, too much noise) 5. And we are filled a bit that "free space" Sadly the Fibonacci golden ratio is untouched, it is around $12,250 but no problem, we don't search reversal area, we search breakout confirmation. Okay, the rejection area is now clearer, now the confirmation area. After 2019 high, the price has made lower lows and lower highs, so, the short-term trend is downwards. In general, if the price takes a direction into a certain trend then it starts to move in the channel. Currently, the parallel channel is marked with orange lines. At the moment, the price trades above the channel but if the price goes back below the upper orange line then the setup would be even more powerful. That's why I want to share this confirmation area because this scenario is the highest probability setup around the current levels and remember, what do we need to search - we need to search high probability setups, so we are on the right path. The confirmation areas A perfect scenario and the most profitable scenario must happen almost within a few hours. The most powerful confirmation: a 1-hour candle close below $11,400: 1. Then the price is back in the descending parallel channel. 2. Short-term lower highs are the indications that the short-term downwards trend can continue. 3. Then the price is below the important price level (blue horizontal line) 4. And now the most powerful criterion - then we have a candle close below the short-term counter trendline (black trendline). Those counter trendline breaks have offered a lot of opportunities and a lot of Successful opportunities. If we get a candle close below $11,400 then we should have a pretty nice "Short" setup! The higher red arrow Currently, we are above the channel. This channel upper trendline could easily act now as a support and a classical retest situation can drive the price into the higher levels. I can't share a "Long" call here because those criteria are a pretty week and as said, the Fibonacci Golden ratio 62% is untouched, around $12,250, which can easily work as a strong resistance level. This higher red arrow stays alive if the price goes higher and stays below the $12,400. If it goes higher then 12,4k then it can work out but the probability is much lower. Above $12,400 are the new higher high area and the market structure changes above that mentioned price level. SUMMARY: Long story short, the price can easily go higher because it trades currently above the parallel channel (orange lines), the breakout candle was pretty strong and the channel upper trendline can work as a supporter. I can't share a "Long" call because there are some strong resistance levels just above the current price and actually the major reason; there is a much higher probability setup where we can be more successful. This is the breakout trade opportunity and we need a 1H candle close below $11,400 to confirm it. It has to happen pretty soon or this becomes invalid. Do your own research and if this matching with mine then you are ready to go! Please, take a second and support my effort by hitting the "LIKE" button, it is my only fee from You! Best regards, Vaido
COINBASE:BTCUSD
by VaidoVeek
40
BITCOIN - A Possible Bounce Area For Buyers, TP For Shorts!Just in case (if the Bitcoin price starts to fall quickly) I would like to share the nearest higher probability bounce area. As said, "higher", not the highest because some great reversal criteria are missing from the gray area but still, do your own research and if this analysis becomes helpful to you then you are ready to take an action. Yesterday's idea post was successful, BTC price made a breakout from the Descending Triangle into the more favorable direction and now I would like to share a possible bounce area, short holders it would be a take profit area. As always, my idea posts are for short-term movements. This area stays valid only then when another leg downwards comes before than new short-term Higher Highs. Complicated? Simplified, the Bitcoin price can't make any significant bounces upwards before it reaches into the gray area. As said, this idea post is made just in case because things can change quickly and the sudden drop can come quickly. Blablablaa...let's count those reversal criteria which stays into the gray area! Gray area | ~$8800 - $9300 (perfect area $8,900) 1. The round number $9,000 should act as a support level 2. AB=CD from the top. 3. Fibonacci Extension 127% 4. The trendline since 29. April, second touch 9 June. 5. Daily EMA50 should act as a support level 6. Previously worked support level on 16-19 June 7. Previously worked resistance on May, becomes support 8. Two thin green dotted horizontal lines should mark a strong area. Wait for bullish price action from the gray area because the current market situation is a bit risky and this is the first bigger test; how the technical analysis reversal areas work after the rally!? Do your own research and if this matching with mine then you are ready to go! Please, take a second and support my effort by hitting the "LIKE" button, it is my only fee from You! Best regards, Vaido Previous analysis:
COINBASE:BTCUSD
by VaidoVeek
23
BITCOIN | Multi Timeframe AnalysisAnother week is over and another month is over, it's time to look; what has happened and what can happen in the future. We have a Monthly candle close, a month which was full of emotions. Some top altcoins were very stable meanwhile BTC got pumped pretty heavily & etc. A lot of positive news, a lot of interest in Crypto, especially Bitcoin - to be said, interest in the Crypto assets has been never so high. Fundamentally everything looks great and the future looks bright, technically it doesn't look as good it looks fundamentally, especially short-term or even mid-term, anyways let's start: Monthly timeframe: 5 months in the row the Bitcoin price has climbed upwards (5 green candles). Historically, it has shown a couple of times six months climb but "recently" 5 months has been maximum. So, July can be the month where the BTC price makes a throwback and we have also a visual similarities whit the ATH candle which has occurred in December 2017: Basically, technical analysis and candles are based on human psychology, that's why we can rely on certain patterns. Currently, we see small similarity compared with Dec. 2018, which will indicate that end of the July we may see a red candle close, plus the Fibonacci golden ratio supporting that prementioned similarity. The rejection came from the 62% Fibo retracement level and we should all know that historically, BTC loves that level. Multiple pullbacks/throwbacks have ended exactly on this Fibo level. Weekly timeframe: Let's dig into the Monthly candle - Weekly chart: The price action on Monthly timeframe wasn't so ugly as it is on the Weekly. As I mentioned the rejection came from the Fibonacci level, plus the rejection came from the strong price level which stays between $11,600 - $13,600 (blue area on the picture). The strong area has worked multiple times as a support level and as a resistance level. Only two big candles, up and down, has managed to break this level. Last week, it worked perfectly as a resistance level. The rejection from ~$13,800 ended inside the downwards channel (pulled on the line chart to remove market noise) and here comes the first difference compared with ATH price action, the last Weekly candle close gave us a bearish candlestick pattern called "Gravestone Doji". If we add those reversal criteria, if we add those price levels where the rejection came then we should get a pretty good short, mid-term sell setup but wait for it, we need confirmations and we need those on the shorter timeframes. Let's skip Daily timeframe because it is not so informative and interesting, let's jump straight into the 4H chart. 4H timeframe, current price action: What do we know? - Fundamentally and interest vise, we are mid-term bullish but the market can't "fly" all the time, it has to make some throwbacks so... - We have a throwback similarity compared with the previous ATH rally. - We have a rejection from technically a strong area $11,600 - $13,600 - This rejection gave us a bearish candlestick pattern called "Gravestone Doji" Technically, and fundamentally a bit mixed signs but luckily the price has drawn a pretty good pattern which can support both biases. Obviously, the move gets confirmed after the breakout from the pattern, after the 4H candle close above or below of it. The mentioned pattern is "Descending Triangle": Fundamental bias breakout gets confirmed after the candle close above the triangle upper trendline (counter trendline) and above the blue horizontal line - $11,433. It has started to form also a Double Bottom chart pattern: Chart pattern itself should start to work after the neckline breakout (blue dotted line) but currently, the bounce is supported with the trendline, with the EMA100, with previously worked support levels and Gravestone Doji has a lot of "free space" between close and the top. The price can go and fill some part of that so, the move upwards gets confirmed after the 4H candle close above $11,433 and the first target stays between $12,000 - $12,500. Technical bias gets confirmed after the breakout below the Descending Triangle and price vise - a 4H candle close below the $10,500. As you see, the green arrows are a little bit more transparent than red arrows. This is because of the technical bias and this is because the Descending Triangle is a bearish pattern. Yes, it is a triangle and it has both direction breakout opportunities BUT more reliable is a breakout downwards. The first target is not far because we can't forget that the strong resistance from May 2018 may act as a support, plus there are some reversal price action criteria like Fibo, round number. Overall, the bearish direction can easily look like I have shown on the image and the last downwards target is around $8,500. SUMMARY: - "Fundamental bias" breakout gets confirmed after a 4H candle close above the triangle upper trendline (counter trendline) and above the blue horizontal line - $11,433. - "Technical bias" gets confirmed after the breakout below the Descending Triangle and price vise - a 4H candle close below the $10,500. Do your own research and if this matching with mine then you are ready to go! Please, take a second and support my effort by hitting the "LIKE" button, it is my only fee from You! Best regards, Vaido
COINBASE:BTCUSD
by VaidoVeek
19
USDCAD - BuyIt is a counter-trend trade and you have to be extremely cautious! The rejection came from: 1. Multiple Fibo Extension levels 2. Parallel channel bottom trendline has acted as a support level 3. Previous 2019 low (orange line) 4. The rejection formed a bullish candlestick pattern called Hammer. As said, it is a counter-trend trade, it is riskier and the Hammer is red. Yes, it is a bullish candlestick pattern but still, it is red - bears have dominated the last 4H hour. Hopefully, it got enough momentum to push the price above the round number 1.31000 and into the targets! Do your own research and if this matching with mine then you are ready to go! Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You! Best regards, Vaido
Long
by VaidoVeek
2