16.12.2020 impulse - breaking through the level of 19650.. Hello dear traders.
Congratulations to everyone who carefully read my trading ideas, who followed the levels closely and what I wrote, namely:
Level 19650 on 2h TF.
(If there is an impulsive breakout and squeak on this timeframe, it is definitely a long position until the update is 20,000 and 20,500.
Trading idea
___For those who do not know which position to open ... BTC / USDT ____
"You can open a long position only if the price breaks out on the impulse and fixes there, at the 4th LEVEL TF - 19550.
Only then long position to update 19950-20275-20500 "
to be honest, I expected an impulse today - December 16, but I am more inclined to fall, and very much hoped that this would happen.
But this impulse, this impulse, and the trade above the 19650 level simply did not give me any other way out but to enter a long position and make such a recommendation in my free channel.
Our long opened at this price level 19750
with targets 19950 - 20275 - 20590 and 21000.
So far, 3 targets have been achieved.
We also have another open position at x25 (it was very risky, but just wow. This is my first time using futures trading)
The purchase was at the price - 19780.
target: 20250-20500-20150-21580.
Where i have this targets - do you ask these values from? I will answer, Fibo grid, counter-trend, and margin calculation, (as well as a grid of interest income - impulse price movements.) (You may see how often, sometimes in a few dollars, the price reaches my targets ) For these two positions - we have a stop loss at 20100. Yesterday's short, give to me 220 points/$ as well as the previous position - brought in a total of only 500 points of profit, and were closed by stop loss without no losses.
He boasted - that's enough)))) Now about trade.
None of the traders will now tell where the price will go. No levels, no formations. And you need to wait for confirmation for all TFs, as well as for indicators.
But judging by the chart, and the fact that we are above 20500, the trade for more than 4 hours, as well as the correction from the level of 20865, suggests that we have two strong levels
Here FLAT is possible to accumulate or distribute positions.
Going beyond these boundaries will give us an indication of where the price will go
if the breakdown on the pulse is higher at 4h TF
the price will be brought to such values as 21000-21500-21950
...
If the breakdown of the price level 20500 - and the trade, with creaking (return to 20500)
It gave us the opportunity to talk about the return of the price to such values as:
20275 - 20050 - 19850 -19200
Why such goals?
Because the margin of the price of bitcoin is now 1350 pips or $ 1350
Targets
Raiden Recourses looking BULLISHRaiden Resources Limited (ASX:RDN) is an ASX copper-gold exploration company focused on discovering large scale mineral deposits in the world class Tethyan region of Eastern Europe. Raiden operates in low cost and mining friendly jurisdiction’s which remain underexplored, seeking to systematically apply modern exploration techniques to discover Tier 1 projects.
Bullish Outlook:
- Falling Wedge Continuation Pattern
- Bullish Break of Downtrend Trendline
- Fractal and TB Fib Extension Targets Aligning
- Volume returning
- Fundamental News as Exploration Begins 09/12
Bearish notes:
- Unclosed GAP 0.023-0.025
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
Possible Scenario to bought Ethereum!!! Check Out!!!I'm so happy that my prediction of the shorting Ethereum approximately at $580 USD was correct, but this red circle was a Stop Loss hunters and they touch my SL, but whatever, I'm not give up and I was corect position.
Now, as updated, I mentioned yesterday when Ethereum reach down the $580 USD this zone are a possible bought becuase that was a little correction. So, we see a good long posiiton right now for Ethereum in intraday trader.
Now, I want to share you the H4 timeframe and what I expect. So, remember, right now we can't to shorting Ethereum until the H1 show me a trying to break up this posible strong resistance. But, I believe that Ethereum it's continue up. So guys, this is my own plan to bought Ethereum above of $580 USD or maybe in the second bought at $520 USD toward the achieved the objective of $700 USD.
Now, looking in Daily timeframe. Ethereum it's into this Elliot Wave and we form the correction #4 to then continue to the next movement toward the $700 USD to form the impulse #5.
So guys, good luck in this long postiion.
In sumarry, I hope a possible entry in H1 timefrme in the next minutes to hour to look if Ethereum make a rejection that bulls are defending the $580 USD.
Why having 2 TP targets is good Hello, in this educational post I will be talking about why having 2 or 3 TP targets is good. As an example, I will be using one of the trades I have running currently on EURUSD. My initial target for this short position is to hit the lowest point of yesterday and it was going well until a pullback happened which is currently happening right now and probably reaching my entry point. If I didn't have more than 1 TP target, this trade could potentially be a loss or a breakeven but since I had another target that is closer to my entry point, I could close half of my position, move my SL to breakeven, and secure some profit. On the graph, you can see that I secured 33.5 pips of profit by closing half of my position so that if the price reverses, I would still gain some profit off of this trade and it did eventually reversed. A rule of thumb I normally use for my first TP is half of my final target or a closer/weaker support/resistance level. I do not recommend having more than 2 or 3 targets if you are relatively new to trading.
*This only applies to Intraday Trading, Scalp, and Short Swing Trades.*
To conclude all my points:
1. Having another TP before your final target is good to secure profits in cases it reverses.
2. Move to SL to breakeven once your first target is reached so if it reverses, you are guaranteed profit.
3. A rule of thumb I normally use for my first TP is half of my final target or a closer/weaker support/resistance level.
Please give a thumbs up if you agree with the educational post and if there are any questions, feel free to comment down below.
TARGET REACHED - PULLBACK IMMINENT?Hello Traders,
Quick post to update. We've reached our $17,146 target. It is my comfort level to take most of my profits here. For those who are more risk adverse, you may decide to hold. I do not feel comfortable holding any longer. My target of $17,146 AND $17,784 were both reached and we are overextending ourselves here, IMO. RSI is overbought and we're well above our 9 month channel. If I was a betting man, I'd say a pullback to a range somewhere within or around that channel is imminent.
Though, I didn't get past predictions exactly right in terms of timing (and I did miss one lower level target), almost all of my targets have been nailed. I don't want to push my luck. We are on a good winning streak here.
Finally, an extremely significant development has taken place since my last post. You will notice that Huge Line of Resistance. Previously, that was our overhead resistance for over 2 years. We have broken through that. THIS IS AN EXTREMELY BULLISH TREND! And for this reason, I had hesitated making this post suggesting a shorter term pullback. Our pullback may not happen. The bulls are very strong here. However, until they are able to break above (and confirm) our $17,784 marker on the daily, I will continue to suggest a near terms (within a month) pullback.
I will be looking to go long again as we come back into our 9 MONTH CHANNEL.
Hope this helps some of you.
Happy trading all!
AAVEUSDT Local S/R| Inv. H&S| Swing High| Price Action Evening Traders,
Today’s analysis – AAVEUSDT- trading above Local S/R where a back test is probable, establishing a likely inverse head and shoulders,
Points to consider,
- Price Action Impulsive
- Local S/R Resistance
- Neckline Support
- Oscillator Bullish Control Zone
- Volume Influx
AAVEUSDT’s immediate price action is bullish above Local S/R allowing us to have a bullish bias on the market.
The Local S/R is immediate support that is in confluence with the .618 Fibonacci, holding this area is critical to confirm an S/R Flip retest.
The Neckline Resistance is immediate target of the inverse head and shoulders pattern, price action breaking above this level is deemed bullish with extended targets.
RSI is currently trading in its respective bullish control zone, maintaining this level is critical for strength in the market.
There are valid volume influxes that need to be sustained for uptrend continuation, failure is a bear sign.
Overall, in my opinion, AAVEUSDT is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
Thank you for following my work
And remember,
Trading is mostly a waiting game. if you want action that happens on your own terms, you’re in the wrong field.
TSLA: Reacting near a support level!Hello traders and investors! Let’s see how Tesla is doing today! It did a pretty scary movement yesterday, right? Let’s talk about it.
Well, Tesla still didn’t lose the support level at $ 406 (blue line), and as we’ve been discussing for the past few days, it is the most important point for Tesla right now.
Today we have a nice reaction, but we still must be aware of the purple trendline, because if Tesla fails in defeating it again, we may have a H&S chart pattern , and this could be what the bears need to defeat the $ 406. Only if Tesla defeats this trendline the bearish momentum will get weaker, but it won’t be a reversal sign yet.
The next challenge for Tesla is the $ 425 (green line). Above this point the bulls will be on charge again, and the previous resistances will work as targets, like the $ 442.50 and $ 461.88.
Let’s see the daily chart:
This is a boring congestion, and there’s not much to tell. Today the stock is reacting in a support zone , which is good, but we have no clear trend.
Right now, Tesla is in the middle between the All Time High and the support at $ 359. Also, we must keep an eye on the volume, as it must increase to confirm the next big movement.
This was our daily update on Tesla, and if you liked it, please, support this idea! And follow me to keep in touch with my daily updates on Tesla and other stocks!
Trade well.
TSLA: The most relevant points for the short-term!Hello traders and investors! Let’s see what Tesla is doing today!
We are above a quite important support at $ 406, which is the most important point for Tesla in the short-term , in my view. So far, the stock is resisting, but we are still in a Trap Zone , between support and resistances.
Yesterday, Tesla failed in defeating the purple trendline , along with the $ 425, and this was enough to frustrate the bulls. But if Tesla reacts, and manages to defeat its resistances, the $ 442 would be the first target to aim.
On the other hand, if it loses the $ 406, it’ll seek lower supports. The thin blue lines are micro support levels, and I’m sure about how relevant they are, so I would use the daily chart for more clues:
Again, since there are no relevant supports, the $ 359 is still here, and it would be a target if Tesla drops . The stock is still inside a congestion, and there are no amazing signals around here.
The volume c an’t stop dropping, but the stock is not as vulnerable as we think it would be. While the indices are all losing supports, TSLA is still resisting very well.
Let’s continue monitoring the $ 406, and the resistances above $ 425, as they are the most important points for Tesla right now. And if this analysis helped you, please, support it ! And follow me to keep in touch with my daily updates on Tesla and other stocks!
Stay safe!
Still Alert on Ethereum: A big suprise movement!!!Ethereum is turn bullish. So, I put a buy order limit at $372 USD because in H4 is turning to go to bullish soon!!! The $372 USD is my perfect buy order limit that I put or Ethereum!!!
So, the key is in Daily timeframe that Ethereum is turn bullish, look below:
In Daily I put these 3 targets that we could to reach in Ethereum!!!
Target # 1: $391 USD
Target # 2: $445 USD
T arget # 3: $484 USD
Now, the target #3 we could to get a surprise i Ethereum reach the $484 USD!!! That I explain in the draw that we have a surprise box, that it's a good profit and good earnings in Ethereum111
Ethereum is hot!!!
Good luck!!!
CLX - My Squeaky Clean, TWO PART PlanThe plan details are on the chart. Short term, if CLX visits the 208 level and makes a double bottom on a smaller timeframe I will look to go long with a tight stop at 202. If 202 breaks, the bottom of a horizontal channel is at 194 which is where I would look t reload due to fib support and the 200 day moving average. The targes for longs of the first trade are on the chart. I will be looking to play this with options. If you want access to my options strategy, please DM me :)
I hope we profit TOGETHER! If you found this to be insightful or helpful, please show appreciation by hitting that like button. If you want more ideas I invite you to follow as well! I try to be here for all of my followers with any questions they might have. Feel free to shoot me a DM or comment below to start a conversation! DM me to get these charts and my ideas before anyone else!
EURUSD AB=CD / WXY(ABC) Revised Price TargetsEURUSD
I've revised previous EURUSD chart, linked to as related idea...
Revised Target Projections:
AB=CD Pattern 1.618 Extension =
$1.16507
ABC Wave of "Y" Extension = Yellow Dotted Fibs
100%: $1.1708
123.6%: $1.16701
138.2%: $1.16462
161.8%: $1.16077
WXY "Y" Wave Extension = Pale Blue Dotted Fibs
78.6%: $1.16978 (Target Hit Today Sep.22,2020)
100%: $1.16426
123.6%: $1.15817
138.2%: $1.15441
BTCUSD Long Term Chart Patterns WXY Correction TargetsBITSTAMP:BTCUSD
In this video I look at chart pattern possibilities, including the text book break down from the recent Inverse H&S Pattern reaching its target to the tick! This target hit the ATH 50% Fib., to the tick practically!
Also, I highlight the potential Inverse Cup & Handle Pattern I'm seeing develop. As of this report $BTC has retraced 50% from swing high($12,473) to the local swing low($9,825.xx). Should BTCUSD retrace past this 50% level(higher), then Inverse Cup & Handle pattern should be considered invalid technically. Anything greater than 50% retrace on handle should nullify this pattern, Inverse or not.
If Cup and Handle plays out, a target of roughly $7,500 is considered! This puts BTC price close to 61.8% retracement($7,143.99) of March-August Rally.
I propose a WXY correction to achieve these targets!
WXY Fibonacci Extension Targets for "Y" Of course this is purely hypothetically speaking should the "X" pivot hold as I report this. It's entirely possible that price can briefly pierce higher, thus slightly altering the fib. levels, in which case I'll update as necessary....
61.8%: $9,546.59
78.6%: $9,101.74
100%: $8,535.08
123.6%: $7,910.17
138.2%: $7,523.57
161.8%: $6,898.66 (Y wave should not exceed the 161.8% extension) I interpret this as that the Y wave can in fact extend up to this level, though, should be considered suspect as it approaches and eventually surpasses the mark!
In addition to the potential Cup & Handle, should that develop, there would be/ is nonetheless, an Inverse Head & Shoulder Pattern possibly developing as documented in the video analysis!
I'd love to get your feedback! Also, please leave a like and feel free to follow, as I will be offering more chart analysis, focusing predominantly on Bitcoin and Cryptocurrencies. Occasionally DXY and EURUSD too!
Check out TheFreeCryptoPress.Com!
At TheFreeCryptoPress.Com BITSTAMP:BTCUSD There's a Code for 20% Off Top CBD Products at JustJaneCBD Boutique Online! Look for the code on the site if you wish.
GBPJPY lining up nicely a decent RRR shortThis setup is looking very nice moving into next week. The week view rejected our upper T/L, we also have a potential triangle forming (upper level is marked, lower level sits nicely on our first target) If this triangle does form and come into play then its relatively unlikely we will see the second target on the first push to the downside.
We have clean divergence across the Histo throughout the lifespan of our channel, giving a clear indication of price manipulation. i will not just short this pair based on strong bearish momentum. I am either looking for a pullback to the highlighted area, or I am looking for another push down, followed by a continuation in an LTF that may present our entry. Targets are FIB EXT targets based on the channel parameters.
SPX: What to expect next?Hello traders and investors! Will SPX resume its bull trend? Let’s see about it.
First, the trend is bullish in the short-term, and as long SPX keeps above the 21 ema and the purple trendline , it will remain bullish. Only if it loses one of these 2 points, we will see the trend getting weaker.
Also, keep in mind the black line around 3424, which is an important resistance, as it is the same point SPX did a top recently, after it filled the blue gap . If this black line will be defeated, the next targets are the green lines.
If the purple trendline will be lost, along with the 21 ema, the next target would be the red line, and the yellow gap down there would help to drag the index down.
Either way, the recent movement could be seen as an Ascending Triangle chart pattern.
Now, let’s see the daily chart:
While the short-term is still bullish, the daily chart is not so much. SPX is still struggling a lot to defeat the 21 ema, which is flat .
If the hourly chart turns bearish by losing the points mentioned above, the daily chart suggests that a sharper pullback is possible, because SPX can trigger a pivot point (yellow line), and its target would be at least the 3280 (red line).
These are the most important points for SPX right now, and if you liked this analysis, please, support it! And you are invited to follow me to keep in touch with my daily analysis. I’m sure you’ll find something interesting around here.
Stay safe.
BTC breakout or breakdown? these on the charts are weekly camarilla pivots. the blue numbers are upside and downside targets.
the upside. 2nd target would fall in line with a 3rd test of major trendline and may be the call to a larger dump if failed. or larger breakout.
the downside. falls in line with linear regression and current local downtrend as well as a minor CME gap.
H4 and L4 are breaking levels.