Bitcoin Analisys 2021-05-07Medium-term operation (10-20 days with Daily candles)
The Algotrading Multiday system is flat from 30 April 2021
YTD performance: 40.92%
1 year performance: 20.47%
At the end of the day: FLAT
Graphic Analysis
Situation also poorly defined, for those who trade intraday, having touched the support at 55540 possible rebound up to 57500
Given the lack of direction, even on a graphic level, from a multiday perspective, it is better to stay flat
next resistance 60000
support 55340
I recommend observing, discussing, but as always for the operation always use your head !!
Technicalindicators
Gold Analysis 2021-05-07The Algotrading Multiday system is: long from April 9, 2021 from $ 1743.3
position performance: 4.39%
YTD performance: 2.67%
1 year performance: 10.54%
At the end of the day: maintain position
Graphic Analysis
Yesterday the prices managed to overcome the sideways phase. We are currently in the area of 1816 - 1820, where we have the resistance.
The ADX (strength of the trend) is growing: we are around 30; at this point the next target is the upper band of the medium / long term bearish channel.
Supports:
$ 1816
$ 1800
$ 1790
Resistance:
$ 1840
bearish channel upper band (red line)
I recommend observing, discussing etc etc, but as always for the operation always use your head !!
$BIOC entry PTs 4-4.30 Target PTs 9.50-12 and higherBut beware book fast, always offerings during PM...
ACBD Pattern of initial spike then Three Drives Pattern
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DASH on the way to $479 as it breaks my parabolic indicatorsSo as per previous analysis, DASH played out how I explained. DASH retested the long term trendline and then on the daily chart the RSI crossed over the red horizontal line causing DASH to become parabolic.
Here is what I mentioned in last analysis 'On the daily chart of LMACD shown below I know when it breaks above the red horizontal line, Dash goes parabolic in price. Dash needs to break this line on the daily chart to confirm the upward move.'
If you monitored my charts you would of picked this up and made the move to buy in after the RSI crossed this red line.
What I can see on this weekly log chart is on the RSI you can see the lime green trendline for the previous bull run on DASH and also for the current one. DASH needs to stay above this line to keep bullish momentum.
On the LMACD you can see on the weekly chart that once DASH goes above the yellow horizontal line it goes on it's bull run as shown where the red down arrow is on the previous bull run in 2017.
DASH has just bounced off the EMA 233 which is the dark blue line on the chart. DASH is above the Ichimoku Cloud.
On this daily chart below we need to be wary of when the LMACD hits the yellow line on the daily chart as we could see a retrace before the next pump upwards to our target @ $479 where the 4.236 Fibonacci retracement indicator is shown on the chart.
Happy trading legends!
HTBB
Take a look at my other charts and analysis below to see my unbelievable correct analysis record. If this kind of analysis interests you and you want more than just 1 or 2 correct chart analyses every month or so, check out my website and become a member.
Total crypto market (CRYPTOCAP:TOTAL) If we look on a daily charts, things still going pretty. None of the candle didn’t close outside master trend line (including weaks) & we have higher low. RSI came back above 48 points (last respected support level). On 4h time frame huge rehab after retested 1,7T total market cap - 16% up since start, so no wonder CHOP index is exhausted. 4h - On bulish aim 100 MA 4ha & upper edge of box. Bearish: 200 MA / Trend line / Last 1,7T top lvl. Definitely important is Bitcoin charts, that with similar chart recover to 52k $ price, as very significant level.
Total crypto market (CRYPTOCAP:TOTAL) In the next dozen hours, we'll know if the story repeat. 1,7T market cap area is important as last resistant was at this area (and last top). Positive signs above previous purple trend line, or held 1,7 - 1,85T market cap long term. Consolidation around this leves will be healthly (a slight approximation 0,15T is about 21% all of tesla shares outstanding capitalization). If the price reject this purple line or ~1.85 lvls, looking for some deeper prices, even 1,5T total m cap & around 42k $ for BTC.
Double Bollinger Band / TEMA Trend Indicator
- This Indicator charts the trends and shows good zones to buy and sell
Over Sold - When the Yellow line is within the bottom Green channel
Over Bought - When the Yellow line is within the top Red channel
*Pyramiding is used*
For Long entries - I personally wait for the indicator to show over sold, then I wait for the close to drop below the larger BB. After this, the close needs to cross above the TEMA while it remains in the Green channel.
*I like to ignore additional buy signals within a certain % range of the previous buy. This helps to eliminate spam buys caused by short term volatility*
For Short entries - I do the opposite of the Long entries... Wait for overbought, close crosses above larger BB. After that, the close has to drop below the TEMA while it is in the Red channel.
*Don't do the % difference for short entries... This helps get rid of overlapping buys over time*
Also I'm curious what other Indicators would go well with this to eliminate false buys so lmk what you guys think would work well
GBPUSD 1.39528 + 0.87 % * LONG IDEA , PRICE ACTION & DIRECTIONHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE POUND DOLLAR FROM THE MONTHLY PERSPECTIVE
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
some rules on exits & entries hope they help.
1. look at structure be it descending channels, pennants and so forth basically price action whats price doing.
2. If you use indicator determine does it align with your play e.g is it overbought/oversold where there market is it in a pull back to structure or continuing does price alighn with your indicator.
3. entries from 30M , 1H, 2H & 4H time-frames the higher the time-frame the more likely it will end up swing or long term.
4. aggressive trades can be executed on the pull back / or at ranges of structure that's when you are a scalper or your trade are Intra - day based
5. price action must definitely align with the plan.'
6. structure definitely
7. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S .
9. CANDLE STICK PATTERNS.
That's basically entry & exits plan basic guide lines
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Eur/AUD Rises or Breaks!?Hello Traders
✔EUR/AUD Is Bearish but has broken the Daily Trendline and then retested
✔Price should respect the Retracement and rise again BUT could possibly be only a breakout
✔The rebatement leads to a 50% Fibonacci retracement but the GOLDEN entry is the .618% Fib
150 PIP Analysis
GBPUSD > Minimalist Trading Setup for A Sell !!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you.
Analysis up on #GBPUSD
Hello friends.
similar to my EURUSD analysis we could be just doing a complex pullback in here before we continue movement o the downside. so I am looking for a sell only.
The market seems it stopped here and might start moving down from here, but I need a confirmation on the 4 hours chart which I won't get until after 2:05 minutes when the candle closes.
The bigger picture is to hunt GBPUSD near the structure resistance level near 1.400, also Bat pattern completion, which will be perfect for a selling opportunity if the rules are met
Safe trading everyone
Check today analysis below⠀
>> One trade must not make you, one trade must not break you
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-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
EURUSD > looking for Short at The Kill Zone!!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you.
Analysis up on #EURUSD
Hello friends.
I was surprised how the dollar acted after the blow-up NFP numbers, buy this who the market is, and anyway the dollar was due for a correction.
The EURUSD still in a downtrend and we have no confirmation that we have a trend shift, it could be just a complex pullback before continuation to the downside.
I will be watching the market when it reaches my kill zone looking for a trend continuation trade for a continuation to the downside
Safe trading everyone
Check today analysis below⠀
>> you must know what is your risk before you get in a trade, many traders will only look at how much they will get
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-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
GBPJPY > Trading Plan for Short and Long!!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you.
Analysis up on #GBPJPY
Hello friends.
This market has been doing nothing for sometimes now, we are near weekly structure level,we could continue to slightly rise higher as the yen is very weak, and unless we break above 153.40 i am not considering a buy.
however if the market breaks and closes below 152.88 i will be considering the short side as i believe this market has a major correction a head of it, but we need a confirmation first
Safe trading everyone
Check today analysis below⠀
>> you must know what is your risk before you get in a trade, many traders will only look at how much they will get
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-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
AVAXUSDT > Will This Market Move Anytime Soon?I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you.
Analysis up on #AVAXUSDT
Hello friends.
Will this market move anytime soon?
Looking at the chart I see the market been moving sideways and it has been doing so for a long time, I actually expected the market to move at the end of the last month but it did not.
However, the range I setting smaller and smaller, and traders might get ready to push this market higher or just quit it.
I am a believer in this AVAX and i will hold it for the long term, but short term i think it can go up almost 70%.
KINDLY DO NOT BASE YOUR INVESTING BASED ON MY ANALYSIS ONLY, I MIGHT GET OUT OF AVAX AND NOT TELLING YOU
Safe trading everyone
Check today analysis below⠀
>> you must know what is your risk before you get in a trade, many traders will only look at how much they will get
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
GBPCHF> Trading Plan for A Short !!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you.
Analysis up on #GBPCHF
Hello friends.
If you have been watching the market closely, you would have noticed there are many markets with RSI divergence and it is been going on for a while now and this might continue this way.
However, we can watch this market for a break of structure in anticipation of a change in trend.
If the Market breaks the recent structure level I will look to get in a valid short trade that meets my rules, in total this possible setup could bring over 400 pips for two TPS
Safe trading everyone
Check today analysis below⠀
>> you must know what is your risk before you get in a trade, many traders will only look at how much they will get
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
GBPNZD > Possible Reversal Setup For A Short !!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you.
Analysis up on #GBPNZD
Hello friends.
a double top with RSI divergence near-weekly resistance at 1.9800 number good setup for a reversal trade, waiting for a confirmation to get in the trade targeting structure support level
Safe trading everyone
Check today analysis below⠀
>> you must know what is your risk before you get in a trade, many traders will only look at how much they will get
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
GBPCAD > Possible Head and Shoulders Pattern !!Truly Appreciate you taking the time to read my analysis, and if you feel generous and kind today, give it a like and leave a comment it will support the creation of new free ideas for you.
analysis up on #GBPCAD
Hello friends.
possible head and shoulders pattern after trend line breakout, might complete soon and break the neckline.
Be careful though we need to see follow-through after the break as the cad very strong and the GBP not so much lately
Safe trading everyone
Check today analysis below⠀
>> Don’t focus on making money, focus on protecting what you have.
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-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
EURAUD > Simple And Easy Setup for A Buy !!Truly Appreciate you taking the time to read my analysis, and if you feel generous and kind today, give it a like and leave a comment it will support the creation of new free ideas for you.
Analysis on #EURAUD
Hello friends.
Possible Gartley pattern inside consolidation pattern, which is best for using harmonic patterns, also it might complete near structure support and support line near 1.5300 number.
i will be watching the price action inside the zone on the lower time frame for a buy trade that meets my rules using one of my reversal strategy to get in this potential Gartley pattern
Safe trading everyone
Check today analysis below⠀
>> Don’t focus on making money, focus on protecting what you have.
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
EURCHF - Its a bird - its a plane.. EC!Hello fellow traders; time for another analysis w/ SmoothPips
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