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Takeprofit

Still some room for the bullish run to completeHere, I am using several retracements, trend lines, and extensions to build the case of a short-term buy position. First, the graph fits beautifully in the pitch fork trend, showing that we are currently at the median resistance of the bullish trend. To see whether we will go up or down from here, I used several Fibbonacci retracements at different time frames, most of which are showing that we are nearing, but not yet at the end of the trend. Taking into consider only that last bullish trend, we are at the 261.8% Fib extension, which would definitely the time for a take profit. However, taken into consideration longer trends, resistance seems to be a bit higher, around the 44.5 price range. Fib Speed Arcs even make me believe that the last ditch of the bull upwards will happen today or tomorrow, then a sell should be done. Of course, if I had a buy position from a start, I would have taken the profit at this stage and play it safe. But since I am out of position, I am willing to take the risk for the last part in an incredible bullish run.
COINBASE:UNIUSDLong
by MontyMacht
1
Pancake Swap Is ready To BuyHi, traders! While BTC is moving up and recovering after a small fell, we gonna tell you about some interesting and perspective projects, which can probably help you to make x2,x5 or even more. One of them is PancakeSwap. What is PancakeSwap? PancakeSwap is a decentralized cryptocurrency exchange for swapping BEP-20 tokens. If you’re familiar with Uniswap or SushiSwap, then you’ll know how PancakeSwap works. Each works in almost exactly the same manner. The PancakeSwap exchange doesn’t use order books like traditional exchanges. Instead, it uses an automated market maker (AMM) model which matches buy and sell orders directly with others in a liquidity pool. User deposits maintain liquidity pools. By providing liquidity to such a pool, users can earn trading fees and liquidity provider (LP) tokens. LP tokes are redeemable for the initial capital deposited, plus any fees earned, minus any impermanent loss. Furthermore, LP tokens can then be staked, farmed, and traded! Cloning or copying open source code from a popular decentralized application (dApp) is not uncommon. Particularly in DeFi, many new projects are based on existing protocols, with tweaks made to the original code. Simply make a few adjustments to a popular open-source code, create a new token, name it after your favorite snack, and presto - you’ve got yourself a freshly baked DeFi clone! Regardless of whether you think cloning is a good thing or a bad thing, it happens a lot in crypto. For example, SushiSwap is a clone of Uniswap. Therefore, it should come as no surprise that PancakeSwap appears to work in a very similar way to SushiSwap, with a familiar layout and user interface. However, PancakeSwap is flipping the yield farming model on its head, introducing a range of new features that provide an all-in-one yield optimization platform built around the Pancake token (CAKE). Furthermore, PancakeSwap benefits from the security of Binance Smart Chain (BSC), which could help convert some DeFi skeptics. In September 2020, the Pancake token (CAKE) was launched on Binance Smart Chain (BSC). CAKE is a BSC-native BEP-20 token. The CAKE token has performed extremely well in 2021, showing an incredible price rally throughout February. The primary function of CAKE is to incentivize liquidity provision to the PancakeSwap platform. PancakeSwap vs. Uniswap vs. SushiSwap In today's cryptocurrency landscape, there are three major decentralized exchanges ruling the roost. • Uniswap — The original DeFi liquidity protocol built on Ethereum. Today's standard for easy cryptocurrency trading using ERC-20 tokens and mostly ETH pairs. • SushiSwap — A community-governed Uniswap fork that has evolved into a DeFi hub offering token swaps, farming, and crypto lending/borrowing. • PancakeSwap — Uniswap clone built on BSC to deliver fast and inexpensive trades using BEP-20 tokens and the BSC←→ETH bridge. While all three enable decentralized exchange, community governance, yield farming, and LP (liquidity provider) opportunities, only Sushi and PancakeSwap pay rewards back to token holders who stake their tokens. Technical As you can see on the chart, we have a strong up-trend with a great support. The consolidates in the most probable area with a low probability of down swings. Fiba extension levels and ALLIGATOR shows us a strong up-trend with reliable support Thus, we see these scenarios of future price action A – consolidation above median line and breaking out above B – consolidation in the pitchfork with medium volatility and breaking out above, too C – breaking out the fork below and choppy price action DISCLAMER : Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
by Skyrexio
GBPJPY PRICE TRAP 1HR tfGBPJPY Price Trap - (BUY/SELL) BUY Entry: If price break and closes above alert price, enter on the break or the retest Alert: 149.887 TP1: 150.262 (38 pips) TP2: 150.586 (70 pips) TP3: 151.056 (117 pips) TP4: 151.495 (161 pips) TP5: 151.880 (200 pips) SL: 149.383 (50 pips) If it breaks TP1, or is considerably in profit, move your stop into profit or close in profits SELL Entry: If price break and closes above alert price, enter on the break or the retest Alert: 149.279 TP1: 149.081 (19 pips) TP2: 148.876 (40 pips) TP3: 148.654 (62 pips) SL: 149.676 (40 pips) If it breaks TP1, or is considerably in profit, move your stop into profit or close in profits N.O.T. A PENDING ORDER
by faithintrade
GBPNZD PRICE TRAP 1HR tfGBPNZD Price Trap - (BUY/SELL) BUY Entry: If price break and closes above alert price, enter on the break or the retest Alert: 1.93596 TP1: 1.93941 (35 pips) TP2: 1.94267 (67 pips) TP3: 1.94607 (101 pips) TP4: 1.94928 (133 pips) SL: 1.93097 (50 pips) If it breaks TP1, or is considerably in profit, move your stop into profit or close in profits SELL Entry: If price break and closes above alert price, enter on the break or the retest Alert: 1.92718 TP1: 1.92448 (27 pips) TP2: 1.92120 (59 pips) TP3: 1.91837 (88 pips) TP4: 1.91482 (123 pips) TP5: 1.91233 (148 pips) SL: 1.93036 (32 pips) If it breaks TP1, or is considerably in profit, move your stop into profit or close in profits N.O.T. A PENDING ORDER
by faithintrade
Sharp uptick in BTCD,Sharp downtrend in Total2...to be continuedLooks like weak hands have reached levels where they are freaking out, giving up, and shedding their overvalued alts into the market-just the beginning imo. Have a feeling there is going to be some clean up in the near future before there is any definitive bullish market state for alts or btc. Only time will to hell. If it loses that support, there is a huge double top in play and I suspect that will take us down to .382 approx 700billion. Loses that crypto, across the board, is bear, imo. *Beginning trader and technical analyst. This not financial or trading advice. CRYPTOCAP:TOTAL2 COINBASE:BTCUSD CRYPTOCAP:BTC.D
CRYPTOCAP:TOTAL2
by Cryptough
LTC Bullish Trend - Possible 295 USDTSince March 31st, Litecoin has had a reoccurring sequence of an ascending broadening wedge (bearish), followed by a downtrend to support level, then succeeded by a sideways channel between support and resistance levels which plays out for 2-4 days. This sequence has appeared 2 times since March 31st and is forming again with current price levels. Currently, the price is forming the sideways pattern after breaking down from the ascending broadening wedge back down to support. Therefore, for the next couple of days, Litecoin can be expected to fluctuate in a sideways manner between 245USDT (support) and 260USDT (resistance). If it breaks the resistance of 260USDT, another ascending broadening wedge should occur. Based on the magnitude of previous ascending broadening wedges, the mean percentage increase is approximately 17.79 percent. Therefore, the next ascending broadening wedge should increase the price by around 46USDT, forming a new price level of around 306USDT. However, 300USDT is a massive psychological resistance, and therefore I would take profits at 295USDT to 300USDT. Right now, the MACD and Stochastic RSI are showing bullish crosses, which indicate the price should increase within the support and resistance levels in the short term. The RSI is at a neutral level of around 50, meaning the coin is neither overbought nor oversold. Entry points: If you are an aggressive trader, a good buy point would be between 240-250USDT. This is high risk and high reward as LTC can fail to break resistance and fall past support. If you are a conservative trader, a power play would be to buy the retest once it breaks the 260USDT resistance. Therefore, a good buy level would be a retest at 260USDT. *Edit: The resistance level is simply the highest peak in the graph within this month and the support level is the previous peak as created by the previous ascending broadening wedge.
KRAKEN:LTCUSDLong
by rainyang
1
Go Go BNB! 🔥I did this charting on 4H time-frame, Let's look at it.. Binance Coin was ranging in nice triangle for about a month, now it breaks it upwards. It's time for a little pull back to test it's lower support level above the triangle.. This is good opportunity for us to step in and buy some BNB. I did this analysis buy combining Triangle classic pattern and Fibonacci Levels: Buy position: 260 - 270 Target 1: 390 - 410 Target 2: 468 - 484 Stop-Loss: 213 What is your point of view or analysis on BNB, I like you to share it in the comment section for me, so we can share our knowledge together. And, As always feel free to ask any question about this chart in comment section, I will happily answer you :) If you like this idea, hitting like button, sharing it to the ones who will find it useful and giving me comment will give me a lot of motivation :)
Long
by ArshiaZojaji
8
What price to take profits? DOGE COIN & Price action (ĐOGECOIN)Perhaps the dollar is in accumulation from the last month. We have four times Doge test the trend line and proves to be a very strong support line. We can see price react very strongly to take profit at 0.382. But in my opinion on this 3rd test it will fail and head towards the target of the 0.5 zone. Be careful at 0.618 zone, this strongest resistance, we should be take profit 50% if the price reacts strongly in this area. Entry: < 0.06$ Stoploss: 0.0535$ Take profits: 0.0696$ and 0.0762$ and 0.0855$ and more..
Long
by BMynameX
2
BTC correction overdue, Oscillators at extremes, Median line hitBTC has been on an amazing run this year, Seems like nothing can stop it. However it feels like a correction is overdue. The question is; will BTC smash through this median line and make its way to the top of the channel or will it correct and retest the channel shown in red? Key points: Oscillators are at extreme highs (but they can stay this way for a long time!) Last time the RSI was this high was at the top of the 2013 bull run and the MACD has never been this high The median line of the long term channel has just been hit Bias remains bullish long term A retest of the red channel would be around $25,000 RSI almost at all time highs & MACD at all time highs: Trade with caution. I'm not buying BTC here, but I'm certainty not shorting it either. Instead I'm locking in some BTC profits and looking for opportunities in the alts. Hopefully we're at the point in time where the alt season starts really warming up. Never Trust. Verify. D.Y.O.R . Not Financial Advice, this is my trading journal. Always remember: Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key . Capital preservation above all else.
BITFINEX:BTCUSD
by TribeWriter666
5
Dogecoin will continue to go to HeavenDogecoin will continue to go to heaven !!! Following the previous analysis I published for you, Dogecoin made a great climb, but it still continues Dogecoin still has great growth potential due to the attention of most of the community The pattern I published in the previous analysis was broken and now the price is retesting the pattern At this point, if the price starts to rise after touching the pattern again, the pattern will continue to move and the target published in the previous analysis will occur. But be careful and never forget to set a Stop Limit To better understand this analysis, refer to the previous analysis of these ciphers in my profile : To support us and encourage us, like this analysis and follow us Thanks Hamid Mojarad Lecturer, consultant, analyst and trader in financial markets Consultant of reputable investment companies
by HamidMojarrad