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ETH to reach new All time highs?Hello Guys ETHUSD had a rally in the previous days then had a normal retracement. Current price action is showing an bounce up from the 100EMA adn 200EMA (Extremely Important levels) which is giving us a nice entry. I really like the pattern formed with the retracement. If ETHUSD can reach our entry level then is a trade for us. This new rally that could start can bring us to the a new ATH with no doubt. Let's try to buy the dip when our price reaches our entry point Don't forget to take some profits while reaching different targets. Once you reach T1, don't allow the trade to be a loser one and move your stop loss to Breakeven. PS: As you may know, no matter how good your technical analysis is, anything can happen in the markets so the only way you can do is to control your risk by keeping tight stop losses
COINBASE:ETHUSDLong
by KarySah
1
What do I need to trade Cryptos?COINBASE:BTCUSD If you doubt about techinical analysis, (thousands of traders trade on technicals, so it works) Basically what I have found most useful as technical analysis during my trading career are the following factors: Trendlines, Pivots , EMAs, (Trend, Support and Resistance) Momentum and basic chart patterns (Bull flag, Bear Flag) to define an accurate entry and exit point I have tried thousand of Indicators, complex patterns and everything trying to find the Holy grail or even something near but as you would guess, I failed. The only thing that have worked for me has been these factors metioned above What about other indicators? As you may know, all other indicators are always delayed and need the price to move in order to react, by that time, it is too late to take the trade. As per my opinion, you don't need anything else but basic Trendlines , Pivots and in my case EMAs to succeed in your trading career (some other uses SMA instead of EMAs which is also ok). This does not only apply for Cyrptocurrencies but for any other Techinical analysis (Stocks, futures, Forex) A part from that, Money management is extremely importan, maybe you have heard it, at least 1:2 Risk/Reward Ratio. YOU MUST BE OBSESSED minimizing Risk! You only need basic techinicals (those obvious entry and exit points where everybody will buy or everybody will sell) and a good money management Alberto MT
COINBASE:BTCUSD
by KarySah
EURJPY Sell SetupSell EURJPY Technical Reasons: 1- strong resistance at 200 MA on the weekly time frame 2- failed to break the range that contains pair's highs 3- rejecting from 61.8% on the 4h time frame Fundamental Reasons: 1- ECB government council may show their concerns towards EUR recent appreciation 2- risk aversion is supporting JPY 3- if the ECB disappoint markets on 7 Sep and did not announce QE tapering plans The EUR may go down ------------ SL should be placed above 131.50 TP1 127.50 - TP2 126.00 Keep yourself updated with the data and good luck
Short
by Assem_Mansour
2
Litecoin - Know your levels$51.21 $46.65 $46.01-.21 $44.71 $41.50 $37.30 I don't anticipate too much more downside for Litecoin (LTCUSD) before we head back up, but if we do head lower, we'll go all the way down to $41.50. Below that $37.30. If per chance, we somehow find ourselves down in these areas, we will find further support from our 50 MA, the Lower Bollinger, and the bottom of our channel (lower green trendline) which should be intersecting with our flat line supports in the next two weeks. I do not think we'll get this low and I'm 90% certain Litecoin will not break out of/lower than our green channel. I'm swinging this to an upside target of at least $60, maybe more, depending on price/time/pattern points at that time. Happy trading folks!
COINBASE:LTCUSDLong
by stewdamus