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Tomprotrader

BTC/USD - Live UpdateBack after a nice break. I have been working on fund management commitments and any fund manager on this site knows that January is the busiest for a fund manager and I think I've been around the more times than you've had breakfasts this last month so I apologize for not finding time to update you guys! Anyway onto the analysis! As it stands, Bitcoin sits nicely on a long term side-wards support line. The candles at the level do look relatively weak but they are Doji candles proving indecision here so they're not to be taken for granted. The situation can still go either way from here. There is also an above side-wards resistance line holding price down, so price is currently in a juncture and has to go one way or the other. If price breaks ABOVE the side-wards resistance I see a move to at least 3770 (Coinciding with the 200 major moving average resistance) before correcting to the downside, retesting and going higher once again. If price breaks below the side-wards support line at 3450 then it is extremely likely that price will hit the 3 wave extension move and hit around 3210 before it bounces back to the upside again, probably using the previous side-wards support as a resistance giving room for a possible down move. Bear in mind, that the move might not go immediately. It might move around in the flag structure before the move actually breaks out. Also bear in mind that if it breaks below the flag we should be considering invalidating this trade altogether and looking for something better in the near future. Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts! I will be providing live updates if this analysis receives sufficient attention!
BITFINEX:BTCUSD
by TomProTrader
20
BTC/USD - Real Time Update"You can tell when you're doing well because people will get jealous and start to hate" ^ This pretty much has happened to me because I called the EXACT Bitcoin bottom and then went on to call the EXACT level to buy and then it continued going up regardless. I also did the same with ETH so well done to anyone who followed these analysis, we made some good money here! Onto the analysis, Bitcoin has done a very nice corrective flag type pattern here and it looks as though it's just aching for more continuation around current levels. Price also hit the 0.382 retracement support level which is a nice hint that price might be going up more from here. I am looking for any entry after flag breaks AND retests the side-wards resistance at the top of the flag as a new support, or if experienced you can get in even earlier (Just like my last trade) Bear in mind, that the move might not go immediately. It might move around in the flag structure before the move actually breaks out. Also bear in mind that if it breaks below the flag we should be considering invalidating this trade altogether and looking for something better in the near future. Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts! I will be going more in depth into this analysis if it receives sufficient attention.
BITFINEX:BTCUSD
by TomProTrader
17
ETH/USD - Bottoms In!Please hit the "LIKE" button to receive my daily updates! A big WELL DONE to everyone who followed my BTC analysis. We hit the EXACT bottom to the exact candle and have been in the money since. good job! I called the BTC bottom perfectly which is great news. Now we can start monetizing on the large volume Altcoins! First on the list, Ethereum! Today ETH has broken out of the side-wards resistance line that held price down for so long. This is great news for ETH holders as it gives a complete new lease of hope after a continuous price depression that showed no signs of stopping. Now that price is broken, where to enter? Well, before ANY entry you want to see a level where the probabilities stack up. A good place for this would be the side-wards resistance line we've just broken turning into a support line. Why is this such a good level for an entry? If we test the level we've just broken this shows a total disregard for the previous bearish movement and shows that something new is happening. A 12% move in 1 day is not a coincidence. It means something even if only short term. Take action and monetize and stop worrying. Bear in mind, that the move has ALREADY LAUNCHED. So do wait for a move. Chasing it now is eating like a bird, and pooping like an elephant. Wait for the retest and get in at the side-wards resistance turned side-wards support line before entering the trade. Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts! I will be going more in depth into this analysis if it receives sufficient attention.
BITFINEX:ETHUSD
by TomProTrader
20
BTC/USD - Live UpdateIn my usual fashion, I have perfectly called the timing here! If price continues to have momentum above the side-wards resistance level and use it as a support level, then this is an obvious time to get into the trade, not only this but you'd have a great RR ratio, and a clear and defined stop loss level too. I highly recommend waiting for this level, unless you're a VERY experienced trader you can start looking for entries right now. As it stands, price has actually tested the side-wards resistance, and I highly doubt it'll break in this candle, I think more shuffling first. Alongs the LH is NOT violated, this analysis stands and I am bullish (Albeit short term). Bear in mind the breakout move will almost certainly stiop at around 3500, correct and then become a 3 wave pattern. It wouldn't be logical to expect a impulse flat right now. Also bear in mind that getting in this second isn't logical unless you really know your s***. Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts! I will continue to update this analysis in real-time if this idea receives sufficient attention :-)
BITFINEX:BTCUSD
by TomProTrader
33
BTC/USD - Holding At support Zone?Please hit the 'LIKE' button to receive my daily analysis updates :) Price is holding nicely at the support zone for now. Is this a sign that price could bounce from here and go higher? Let's see. The candles on the bounce are not incredibly strong, but definitely something we have to take a heed of when considering our trade options here. If we can get a candle close above 3300 on the next 4 hour candle, that would be extremely advantageous as it would show a morning star right at the support zone, and could give leeway for buyers to enter a safe trade with a tight stop loss just under the morning star. A good risk reward would also ensue by doing this, as you have all the way up to the side-wards resistance line to reward, and only slightly below current levels to lose, so it could be worth a punt. Bear in mind, if the morning star signal does NOT evolve, it's not logical to enter a long if price breaks above side-wards resistance UNTIL price has retested the resistance as a new support already. Any earlier you risk getting slipped out of a trade. ALSO BEAR IN MIND, the morning star signal trade is pretty risky. So it's not for everyone. Always use your own strategy whilst trading and use my analysis merely as a framework. Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts! I will continue to update this analysis in real-time if this idea receives sufficient attention :-)
BITFINEX:BTCUSD
by TomProTrader
29
BTC/USD - Which Way?It's good to be back. I have been away due to my fund management commitments, and the realigning of my equities portfolio as the year end approaches which is a very strenuous task. With commodities improving, equities recovering from their plunge, and Dollar looking better, the outlook for the stock market is good and thus, I can commit some time here once again! Please hit the 'LIKE' button to receive my daily analysis updates :) BTC has had a rough time lately, falling mercy to a technical downtrend which was basically never ending. As it stands, price has found resistance at the side-wards resistance line, and also at the 20 moving average which is BAD news. It shows we could be going into another down wave, bringing prices even lower. Price however does need to correct. So this is the happy side of things, but WHEN it corrects is subjective and this is just my best guess/educated guess. If price holds at the horizontal support zone and bounces to the upside this is a good start, better more if it manages to break the side-wards resistance and use it as a new support level. The probabilities in REALTIME, are that price will go lower. I'd really like to see that down move to the support zone and a bounce, as that would bring confidence back into the marketplace. Bear in mind, it's not logical to enter a long if price breaks above side-wards resistance UNTIL price has retested the resistance as a new support already. Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts! I will continue to update this analysis in realtime if this idea receives sufficient attention :-)
BITFINEX:BTCUSD
by TomProTrader
63
AUDUSD Bullish Head & Shoulder. Long Setup....ANALYSIS: Here's an opportunity to Long AUDUSD.It is in it's right shoulder.wait for the confirmation of the chart pattern and the breakout of neckline.After breakout starts, We will take entry.It has total potential of about 500 pips profit potential.It has two target which are marked on the chart.So don't miss it. INDICATORS: 1. RSI 2. MACD 3. Moving average 20, 50,100 GOOD LUCK FOLLOW Me for more ideas.... Leave a Like,Comment if you Agree...
Long
by I_am_7harry
8
BTC/USD - Trading PlanPlease hit the 'LIKE' button to receive my daily analysis updates :) BTC broke our side-wards analysis very well, and has since had a small pop to the upside, touching on the moving averages. Now price has touched the moving averages, I am expecting some small expected corrective downside which could lead us back to the side-wards support line before a break up move. When price does this, it does NOT mean that price is weak at all, this is perfectly acceptable technical behaviour and would be normal of a healthy and prosperous up move. Price needs to correct slightly as is. It does not necessarily need to go all to the side-wards support, but it's a possibility that it does do this so it's one we need to keep a eye on. It is easy to get an entry here because we can simply just wait for the correction to be finished. The stop loss zone is easy, under the side-wards support is the obvious candidate because anywhere else is lower is illogical for it to be considered a buy anymore. Also bear in mind, when price does come out of the slump here, price will then hit the consolidation resistance, where there will be once again another correction to the downside before the upside fully prevails. We're in upside territory, but patience is still needed to get this trade perfectly right. Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts! I will continue to update this analysis in realtime if this idea receives sufficient attention :-)
BITFINEX:BTCUSD
by TomProTrader
69
BTC/USD - Quick LongPlease hit the 'LIKE' button to receive my daily analysis updates :) BTC broke the side-wards resistance very nicely, and since has had a small pop to the upside. What's happening now is that people are sitting around and waiting for a pump before jumping in. A more logical tactic could be to buy at the lows before the pop, and then reap the profits whilst the others play catch up to your advantage. It's logical to do this without even being entirely sure how hard it'll pump because the stop loss area is so simple for this trade, and that is simply below the side-wards support line. Any move below there (A candlestick close) therefore invalidates the entire move, so we don't have to have an advanced trading plan to be an early buyer here. That doesn't mean I am recommending a buy right this second, but when you do, the stop loss map is simple, and creating an RR map is also very simple. Price needs to break the consolidation resistance as well, but even before breaking that we can enter the trade with ease. Simply because we know exactly where the stop loss should go already, so whatever happens, whether it breaks consolidation resistance, fails or any other scenario we know exactly what we are doing here. There is a possibility price will retest the side-wards resistance that we broke out of, as a new support before the pop to the upside ensues too. Which would further validate the analysis overall. so there's no rush to buy, the candles right now are neutral, and it's in an advantageous position. We are at the advantage here, and we have the opportunity to sit back and wait, and when it lines up, we have a high probability buy opportunity. Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts! I will continue to update this analysis in realtime if this idea receives sufficient attention :-)
BITFINEX:BTCUSD
by TomProTrader
30
EURCHF Bearish Head and Shoulder. Setup for ShortANALYSIS : EURCHF has completed Head and Shoulder and it is going back to test the neckline in a Bearish rising Wedge. So when the Breakout of Wedge starts. We will take entry. The First target is at 38.2(fibonacci level) which is about 1500 pips.And the Second target is at 61.8(fibonacci level) which is about 3000 pips.So don't miss it. INDICATORS : 1. RSI 2. MACD 3. Moving average 20, 50,100 GOOD LUCK FOLLOW Me for more ideas.... Leave a Like , Comment if you Agree...
Short
by I_am_7harry
9
ETH/USD - Live UpdateEthereum looking good for a retest/buy opportunity. There is 2 potential levels where price could bounce and be a good buy for a bounce to the upside. Looking at structure, there appears to be 2 levels which have been important historically, which I am eyeing for a buy. Both levels are side-wards support levels. One is side-wards support of the up move as of late, where a bounce could come. Alternatively, if price breaks down lower to the secondary support level, the ideal buy opportunity is 199.80 where the buy is present. Out of the two buy areas, the second scenario is most likely. If price bounced at the first support level and went to the upside, this is a very bullish sign for the pair overall and I'd expect some nice upside from here. Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts! Support my analysis be leaving a LIKE and FOLLOW. It helps the channel grow and motivates me to post daily free content. :-)
BITFINEX:ETHUSD
by TomProTrader
8
BTC/USD - BreakoutBitcoin has finally broken the side-wards resistance line, and where to better to do so than straight after bouncing off side-wards support? A perfect example of a classic breakout in prime buy area. I stand by this analysis which I went into great detail with in my previous analysis (See related ideas below the idea for more information) and now we're looking ahead of this analysis post breakout. Now price has broken out, there's some basic rules/criteria to be filled for a breakout to be productive. First of all, price should look to retest the side-wards resistance soon. Better yet, after breaking consolidation support and coming to retest around there before hiking to the upside afterward. Some of you noticed I am not in the top authors lately, and yes that's correct. As I work in wealth management it's impossible to have time to become a top author and stay there as my schedule is absolutely packed. I don't have as much time as normal retail traders to stay in the top authors as I don't have time to post 6/7 ideas a day. Was lucky to be there in the first place :-) Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts! Support my analysis be leaving a LIKE and FOLLOW. It helps the channel grow and motivates me to post daily free content. :-)
BITFINEX:BTCUSD
by TomProTrader
39