Get started

Tomprotrader

BTC/USD - Levels To BuyWhat's up traders, I hope you're all having a good trading week. Let's analyse BTC/USD on the 4H chart. This analysis is a follow up of my previous analysis (See related ideas for information on this analysis) and I recommend viewing the previous analysis to better understand this new follow up analysis. Bitcoin is currently trading below a side-wards support line turned resistance, after falling lower than expected. I am expecting price to continue to stay below the side-wards support turned resistance line for an extended period of time, at least to the support zone. I am expecting price to go to the lower support boundary at 6600. Price could go up before this, but it's not logical to buy before a legitimate bounce because it could easily have a small corrective move and stall again into the lows. Patience is key. I will update this analysis when I receive above 40 likes.
BITFINEX:BTCUSD
by TomProTrader
36
LTC/USD - Live UpdateWhat's up traders, I hope you're all having a good trading week. Let's analyze LTC/USD on the 1D chart. When looking at the 1 Day chart, price is clearly trading under a side-wards resistance line, since breaking down on the 6th of May back into structure, looking like a bear trap type scenario. Price will now likely continue the down move into the horizontal support zone between 115 and 93, and this is evident from price action showing a mini flag pattern since 15th May implying a measure move target to the horizontal support zone. Litecoin is also trading under major moving average resistance, and the 20 just crossed under the 50, and the 200 firmly above the 20 and the 50 respectively. This shows huge technical weakness in the downtrend. Litecoin has a probability to go to the upside, however I believe price is going lower first before any bullish activity. If price goes lower than the horizontal support zone between 115 and 93, I will update this analysis when I receive above 40 likes.
BITFINEX:LTCUSD
by TomProTrader
15
BTC/USD - Live UpdateWhat's up traders, I hope you're all having a good trading week. Let's analyse BTC/USD on the 4H chart. This analysis is a follow up analysis of my previous Bitcoin 0.06% (See related ideas below for details of my original analysis for more information), and I strongly recommend reading the previous analysis so you can better understand this one, and how it is playing out perfectly in accordance with my previous analysis. When analyzing this chart now, it is clear there is a side-wards support level in play, which was likely responsible for the down move pausing in Bitcoin today. As it stands, the downtrend began, and the falling knife was only caught at the side-wards support line where there was a bullish engulfing signal. The engulfing signal shows significant bullish participation, but let's look at the facts... Bitcoin is currently under major moving average resistance after a huge downfall, and a death cross also recently confirmed too. This shows strong weakness. Also, I have not illustrated on the chart for simplicity purposes, but there is also a side-wards resistance line that converges right where the moving averages lie. for this reason, looking for a buy isn't smart. I am expecting Bitcoin to go to the upside over the next couple of days PERHAPS. But, it will NOT be an impulsive move, I am expecting just a gentle upside correction before further downside. I will update this analysis when I receive above 40 likes.
BITFINEX:BTCUSD
by TomProTrader
18
ETH/USD - Trading OpportunitiesWhat's up traders, I hope you're all having a good trading week. Let's analyze ETH/USD on the 1D chart. When analyzing this chart, it is clear that on the 21st May, price hit a long term side-wards resistance line and broke to the downside, therefore causing a strong downside correction. Not only did price bounce off the side-wards resistance line, there was also a simultaneous resistance on the 200 major moving average. Price is dropping nicely, and I am strongly expecting price to go the lows. There is a major low which price could hit at 379, but I am not suggesting it will go this low, but it is the lowest it could go. With this new information, we can be extremely confident that the above side-wards resistance and major moving average resistance will be hard to break, so all that is logical now, is down. I will update this analysis when I receive above 40 likes.
BITFINEX:ETHUSD
by TomProTrader
9
BTC/USD - Live UpdateWhat's up traders, I hope you're all having a good trading week. Let's analyse BTC/USD on the 4H chart. This analysis is a follow up analysis of my previous Bitcoin (See related ideas below for details of my original analysis for more information), and I strongly recommend reading the previous analysis so you can better understand this one, and how it is playing out perfectly in accordance with my previous analysis. When analysing the chart, it is clear we are trading in between a horizontal support/resistance zone at 8660 (Which perfectly coincides with the flag side-wards resistance I showed in my previous Bitcoin analysis) and a lower support zone at 7940. Due to the upper horizontal zone perfectly coinciding with the flag resistance, it is clear this is a hidden key level which is going to act as an extremely strong resistance. With this new information, we can be extremely confident that this resistance will be extremely hard to break, and it is likely we will see a lower retest to around 7960 before the upside continues (This is supported by Dollar Index conditions too.) We also had a death cross on 15th May, and since have been trading lower. The 20 and 50 moving average have just converged positively after Bitcoin had a slight upside correction. But now, I expect bears to push further, spread the averages and create a flag move, which will complete at around 7940. Once we hit 7940, we can reconsider our position. I will update this analysis when I receive above 40 likes.
BITFINEX:BTCUSD
by TomProTrader
29
ETH/USD - Live UpdateWhat's up traders, time for a new week of trading. Let's analyze ETH/USD on the 4H chart. This analysis is a follow up analysis of my previous Ethereum (See related ideas below for details of my original analysis for more information), and I strongly recommend reading the previous analysis so you can better understand this one. Price is trading above the 50 and 20 moving average at the moment, and appears to have nicely broken the side-wards resistance line at 686 and retested and broke up since. I am expecting an up move to the upside target at 756, where price action will hit a strong resistance zone and likely break down. Price will break down after hitting the resistance zone to one of two target levels. The first target level is 703 which coincides with consolidation support and moving average support (I expect 703 to be the approximate location of the 200 moving average after a few days have passed) and 626, which is the long term support zone. When we hit the support zone, I expect a break up again, with price going to the highs. I will update this analysis when I receive above 40 likes.
BITFINEX:ETHUSD
by TomProTrader
10
LTC/USD - Buy OpportunityWhat's up traders, I hope you're all having a good trading week. Let's analyze LTC/USD on the 1D chart. When looking at the 1 Day chart, price is clearly trading under a side-wards resistance line, since breaking down on the 6th of May back into structure. Price will now likely continue the down move into the horizontal support zone at 110.80, and this is evident from price action showing a mini flag pattern since 15th May implying a measure move target to the horizontal support zone. Litecoin is also trading under major moving average resistance, being below the 20 and 200 moving averages, and is about to break the 50. Litecoin has a probability to go to the upside, however I believe price is going lower first before any bullish activity. Not just because of price action breaking the moving averages, but also the side-wards resistance which is long term, and won't be so easy to budge. I will update this analysis when I receive above 40 likes.
BITFINEX:LTCUSD
by TomProTrader
26
BTC/USD - Live UpdateWhat's up traders, time for a new week of trading. Let's make some profits! Let's analyze BTC/USD on the 4H chart. This analysis is a follow up analysis of my previous Bitcoin -2.79% analysis (See related ideas below for details of my original analysis for more information), and I strongly recommend reading the previous analysis so you can better understand this one. We have not retested the side-wards line and broken down perfectly as predicted. Now, we appear to be under heavy moving average resistance as well. With this in mind I am now expecting a downside move to at least 7600 before anymore upside. With the moving averages being major moving averages, it would take significant bullish participation for the resistance to be broken now, and it's just something I can't see happening. Downside it is. I will update this analysis when I receive above 40 likes.
BITFINEX:BTCUSD
by TomProTrader
22
ETH/USD - Live UpdateWhat's up traders, I hope you've all had a good start to the trading week. Well done to everybody who have been following my latest analysis. We made significant points on the markets recently and I'm glad to be your one stop shop for constant, consistent, and profitable Cryptocurrency trades! Remember, trade what you SEE not what you THINK. Swiftly moving on, let's analyze ETH/USD on the 4H chart. Analyzing the 4 hour chart, price is trading nice and high above the 50 moving average at 724. IF price uses the 50 moving average as a support level, this will indicate price will likely go to the upside target at 835 without a need for a retest to downside. If price manages to break below the 50 moving average, then I would expect price to go to the lows (With the lowest point being the lower horizontal support at 634) before any upside. There is MANY support levels on the way to the lower support boundary at 634, for this reason, I will update this analysis as the trade plays out so that you are all kept in the loop, and you all may also learn something, which is exactly why I'm here! :-) Ethereum is trading well above the horizontal support level, and seems to be trading well above the side-wards support level also as well as a potential flag set up which perfectly coincides with this set up. It is unknown right now if the flag has actually confirmed and broken, or another retest needs to take place. We must just watch it. Personally, I reckon some more downside makes sense before upside, as the up move so far seems a little naive. I will update this analysis when I receive above 40 likes.
BITFINEX:ETHUSD
by TomProTrader
13
BTC/USD - Trading OpportunitiesWhat's up traders, time for a new week of trading. Let's make some profits! Let's analyze BTC/USD on the 1D chart. This analysis is a follow up analysis of my previous Bitcoin analysis (See related ideas below for details of my original analysis for more information), and I strongly recommend reading the previous analysis so you can better understand this one. When previously analyzing the daily chart, I discovered a side-wards support/resistance line that is currently in control of trend which is at 8790 (At current levels), and on 11th May price actually failed a support on the line, and broke below it. Today, there is what looks like a morning star signal setting up. so the question now is, is the morning star indicating momentum that could break us above the side-wards resistance and go back to the upside again? Or is the morning star signal indicating there will be some short term upside, simply retesting the new side-wards resistance once again before breaking down? I believe it's the second option. I believe there will be a retest on the side-wards level at 8590 and it will go lower again, at least, for a little while. I will update this analysis when I receive above 40 likes.
BITFINEX:BTCUSD
by TomProTrader
16
BTC/USD - Live UpdateHi traders, I hope you're all having a good trading week. Here we are analyzing BTC/USD on the 1D chart. If you remember from my last analysis, I discovered a level at 8590 that was a good hidden level which could have acted as a nice support level for more upside. As it stands, Bitcoin is about to hit this price level where we will see more action (See related ideas below this idea for more information on this analysis). When reviewing the chart after some time, we can see price did not quite make it to the 8590 level, but it looks like it now might. When analyzing the chart from a different perspective I discovered that there is still support in the form of a side-wards support line. Now, this doesn't mean the support is necessarily compelling, but it does indeed imply that there is obviously a strong support in that general area, The 8500 to 8650 level is clearly a juncture for the coin. There is always volume and participation around here, people don't want to see the price go lower. From a different perspective, price did hit a major moving average support on the 5th of May and has been in a gentle down move ever since. I expect price will continue to fall into around the 8590 level before it either bounces off the side-wards support level, or falls lower into the horizontal support level at 6360 where there will be a bounce and some high probability upside. Bare in mind, that just because price fails at the side-wards support at 8590, it does not necessarily mean that price will fall right to the lower support, this is simply the lower boundary! I will update this analysis if it receives above 40 likes.
BITFINEX:BTCUSD
by TomProTrader
12
ETH/USD - Trading OpportunitiesWhat's up traders, Let's analyze ETH/USD on the 4H chart. Analyzing the 4 hour chart, price clearly broke the resistance zone and retested it as we predicted in my previous analysis (See related ideas below this idea for more information of this analysis), which could now be a significant pivot point for more upside. Price will now either test the original resistance zone as a new support level and bounce up to the higher target level at 899, or fail at the new support zone and fall back into the lows where there is potential for a low at 558 before more upside. If price fails below the new support zone however, there is a few support levels likely to be hit before hiting the ultimate low. Most notably the 200 major moving average support at 590. Ethereum is above a major resistance which is potentially support, as well as a potential flag set up which perfectly coincides with this set up. If price stays above the resistance line turned support, then an entry about the flag resistance line is logical, at 737, with a view of reaching 895. I will update this analysis when I receive above 40 likes.
BITFINEX:ETHUSD
by TomProTrader
5
BTC/USD - Live UpdateWhat's up traders, I hope you're all having a wonderful weekend. Let's analyze BTC/USD on the 1D chart. When looking at the 1 Day chart, price is clearly trading into a resistance zone, which could prove to be a significant pivot point. Price could either break the resistance at 10725 before breaking to the upside target of 17000. Alternatively, if price breaks below 9520, price could break to the lows and retests the support at 6470 before eventually bouncing back to the upside, likely testing the resistance at 10725. Bitcoin is also under a major moving average resistance, as well as the horizontal resistance zone which coincide, implying there would have to be a huge bullish presence to break out of the resistance zone, as well as continued bullish momentum to make it to the upside target of 17000. This implies that the probabilities are that the price will fall rather than rise, but I will not be trading my assumptions, I will be trading only what I see, not what I think. I will update this analysis when I receive above 40 likes.
BITFINEX:BTCUSD
by TomProTrader
47
ETH/USD - Live UpdateWhat's up traders, I hope you're all having a good trading week. Let's analyze ETH/USD on the 4H chart. When looking at the 4 hour chart now as it stands, it's clear there are significant levels which can act as pivot points. If Ethereum can break the strong resistance at 712, this would be a very bullish sign for Ethereum, and I would strongly expect upside to continue for the longer term, with an upside target of up to 897. Ethereum could go to the upside at 897, or, if price fails and stalls at the resistance, price could take a retest on the horizontal support at 559. Judging by how bullish Ethereum has recently been, a retest at 559 doesn't seen entirely likely. There might instead just be a small wave correction then the upside will eventually prevail. I will update this analysis when I receive above 40 likes.
BITFINEX:ETHUSD
by TomProTrader
21
BTC/USD - Live UpdateWhat's up traders, Well done to everybody who followed my latest analysis on Bitcoin!. We made significant profit with this analysis! (See related ideas for said analysis) I'm glad to be your one stop shop for constant, consistent, and profitable Cryptocurrency trades! Remember, trade what you SEE not what you THINK. Swiftly moving on, let's analyze BTC/USD on the 1D chart. I posted a BTC/USD analysis lately, and it's so far gone perfectly to plan (See related ideas below for details of this analysis). The dynamics of the trade are the same, however, the candlestick behavior has become a bit more tricky, hence I am eager to update this analysis. I previous eyed the 200 moving average at around 9800 as a resistance level, and when this level price did exactly as expected and began to fall. In my previous analysis, I reckoned there could be a strong downside correction, likely retesting the swing low at 7680. When looking at the 4 hour chart now as it stands, I discovered a very important hidden support level at 8570. This support level is likely going to be a 200 major moving average support, with the 50 moving average converging also, along with massive structure support, which makes me think, will price go to 7680? Now, I'm not so sure. Bitcoin could bounce at 8570, and go back to the upside, with a target of 11720. If price FAILS at 8570, then price could fall to around 6700. I am more appealed to the upside possibility at the moment though, due to the bullishness we've seen in Bitcoin over the last few weeks. This 8570 level is crucial for Bitcoin, so be ready to act when it hits this level. It is a significant pivot. I will update this analysis when I receive above 40 likes.
BITFINEX:BTCUSD
by TomProTrader
28
ETH/USD - Live UpdateWhat's up traders, Here we are analyzing ETH/USD on the 1D chart. I posted a ETH/USD analysis lately, and the dynamics of the trade have changed now, hence I am eager to update this idea. Price is trading upwards since our last Ethereum analysis, and if you followed me, you would have made significant profits already (See related ideas for information on previous Ethereum analysis. Price is now trading at 605, after breaking side-wards resistance structure and continuing to the upside. Price is currently finding strong resistance at the 200 major moving average, because of this, There is a chance there could be a correction now, before any further upside ensues. Price will now likely test the moving averages and correct to the Fibonacci retracement swing at 503.70. I am expecting Ethereum to correct at the 200 moving average, come into the swing low and break to upside Bare in mind, if price breaks to upside and finds support on the 200 major moving average, this could be extremely good news for Ethereum and would show a real confidence in the coin. I will update this analysis when I receive above 40 likes.
BITFINEX:ETHUSDLong
by TomProTrader
11
BTC/USD - Live UpdateWhat's up traders, Well done to everybody who followed my latest analysis on Bitcoin!. We made significant profit with this analysis! (See related ideas for said analysis) I'm glad to be your one stop shop for constant, consistent, and profitable Cryptocurrency trades! Remember, trade what you SEE not what you THINK. Swiftly moving on, let's analyze BTC/USD on the 1D chart. I posted a BTC/USD analysis lately, and it's so far gone perfectly to plan. The dynamics of the trade are the same, however we need to decide the next logical step for Bitcoin so we can maximize on this trade. I previous eyed the 12054 level as the first target for Bitcoin, however I think it's logical that we eye the 200 major moving average as a first resistance, before going to the first target at 11862. When target is hit, I expect a small correction before getting a new bullish leg that could potentially go up to 17000 in the longer term. As I said in my previous analysis, the uptrend was starting, now it is here. Exciting times ahead for Cryptocurrency. I will update this analysis when I receive above 40 likes.
BITFINEX:BTCUSDLong
by TomProTrader
25
BTC/USD - Trading OpportunitiesWhat's up traders, Here we are analyzing BTC/USD on the 1D chart. I posted a BTC/USD analysis lately, and it's so far gone perfectly to plan (See previous analysis for more information). The dynamics of the trade have changed slightly therefore I'm updating this analysis! I previously was eyeing 2 levels that could act as a support. That was the side-wards resistance line turned support at 7220, and also the horizontal support zone at 6660. But, now it may also be logical to consider the 61.8 retracement at 7780 before upside. The price action implies that we're likely starting a new legitimate uptrend. Alongs we don't breach the horizontal support zone, then it looks like upside is the likely outcome! I will update this analysis when I receive above 40 likes.
BITFINEX:BTCUSDLong
by TomProTrader
17
ETH/USD - Live UpdateWhat's up traders, I hope you're all having a good trading week. Well done to those who recently followed and traded my previous Ethereum analysis (See related ideas for more details of this). We made good profits and now we are looking for even more upside! We made some good profits on this trade, and I'm happy to be in a position where I can help so many of you guys profit in the markets as I do! I'm glad to be your one stop shop for all your Cryptocurrency analysis needs ! Swiftly moving on, here we have ETH/USD on the daily chart. ETH/USD has been trading upwards since a corrective move to the swing low/Fibonacci retracement support at 489.30. Price was recently trading within a structure before breaking out side-wards resistance on the 14th April in spectacular style, putting us in a significantly profitable trade. In light of breaking the long term descending triangle, it's logical to seek the long positions on the retest of support and get into the new up trend early. Price broke the side-wards resistance, which we can now view as a possible new support. When price is testing the support it will make a strong higher low perfect for this trade. A 3 wave would be the best set up for this trade, as we are taking advantage of direct market impulse rather than opportunist trading. I am expecting Ethereum to continue breaking to the upside. And I believe there is a probability that this is the beginning of a new uptrend sequence. This trade could play out in 2 days, I have outlined these below: -Price tests the swing low (the 61.8 Fibonacci retracement of the current swing leg, and finds support at 489.90, before bouncing off to the upside to an upside target of 678.70. Price could break even higher if there is enough momentum behind the up move. -Price tests the lower horizontal support , and does not retest the side-wards support zone and instead retests the horizontal support zone at 408.10 and goes to the upside at a later stage, before reaching it's upside target at 678.70. Bare in mind, that price could move a lot further than the targets outlined above. If price retests the sidewards support line and bounces, this would be a very bullish sign, as we could clearly be in a 3 wave pattern, which would perfectly work off of the sidewards resistance. ESPECIALLY if there is a strong pin bar type candle at the side-wards support, this would be 10X better for a reliable buy opportunity. I will updating this analysis if it receives more than 40 likes.
BITFINEX:ETHUSD
by TomProTrader
2
BTC/USD - Buy OpportunityWhat's up traders, I hope you're all having a wonderful weekend. Here we are analyzing BTC/USD on the 1D chart. I posted a BTC/USD analysis lately, and it went perfectly to plan (See related ideas for details of this analysis). We are now seeing a new buy opportunity. At current, price is trading at 8103 after breaking a long term side-wards resistance line on 12th April. It looks like we have a short term opportunity to buy if we can get a lower retest on the horizontal support zone and side-wards resistance turned support level at 7040. If price comes into the buy level and bounces, I am expecting an up move to one of two upside targets. This trade is going to be a long term trade, for the upper targets to actually come to fruition. We can easily take advantage of short term buys as the daily trend progresses. Price will now likely test the side-wards resistance as a new support and break out, or it will accumulate at the lows before the upside begins later. I will update this analysis when I receive above 40 likes.
BITFINEX:BTCUSD
by TomProTrader
28
ETH/USD - Trading OpportunitiesHello traders, I hope you've all had a successful trading week. Here we have ETH/USD on the 2H chart. ETH/USD has been trading upwards since a downside correction paused on 10th April and began to correct. Price has recently been trading within a structure, between the horizontal support zone at 394.50, and at a side-wards resistance, at 440 (At current days level) Price bounced of the side-wards support. When price is testing the support it is making higher lows. On the last retest of support on April 10, it is having clear higher lows on smaller timeframes as well, which indicates bullish momentum which was an early clue that price was going to breakout further higher. I am expecting Ethereum to continue successfully breaking out. Before this, price will likely retest one of two support levels before the up move. This trade could play out in 2 days, I have outlined these below: -Price retests the side-wards support line at 409, before bouncing off to the upside to an upside target of 455. Price could break even higher if there is enough momentum. -Price breaks lower, and does not retest the side-wards support zone and instead retests the horizontal support zone at 394, and goes to the upside at a later stage, before reaching it's upside target at 455. Bare in mind, that price could move a lot further than the targets outlined above. The target above is merely an obstacle for price action as it is the previous swing high and a horizontal resistance. If price retests the sidewards support line and bounces, this might indicate slight more weakness than if price immediately has an impulse leg and leaves structure behind. This is the behavior Ethereum exhibits when in a legitimate uptrend. When it is legitimately impulsive to upside, it tends to ignore retests. I will updating this analysis if it receives more than 40 likes.
by TomProTrader
6
BTC/USD - Levels To WatchHello traders, I hope you've all had a successful trading week. Well done to everyone who followed my previous Bitcoin analysis. I was the only trader on the site to predict the up move so I'm glad my followers are following my rule of trading what you SEE and not what you THINK and you would have also caught the trade! We made some serious money on this trade, and I'm happy to be in a position where I can help so many of you guys profit in the markets as I do! I'm glad to be your one stop shop for all your Cryptocurrency analysis needs ! Swiftly moving on, here we have BTC/USD on the 8H chart! BTC/USD has been trading upwards since a downside correction paused on 10th April and began to correct. Price was recently trading within a structure before breaking out side-wards resistance at 7740 in spectacular style yesterday, putting us in a significantly profitable trade. In my previous analysis you will see I predicted a structure breakout move at around 6.5, and since then we've made 20% profit on Bitcoin. Price broke the side-wards resistance, which we can now view as a possible new support. When price is testing the support it will make a strong higher low perfect for this trade. A 3 wave would be the best set up for this trade, as we are taking advantage of direct market impulse rather than opportunist trading. I am expecting Bitcoin to continue successfully breaking out. Before this, price will likely retest one of two support levels before the up move. This trade could play out in 2 days, I have outlined these below: -Price retests the side-wards support line at 7540, before bouncing off to the upside to an upside target of 9030. Price could break even higher if there is enough momentum behind the up move. -Price breaks lower, and does not retest the side-wards support zone and instead retests the horizontal support zone at 6620, and goes to the upside at a later stage, before reaching it's upside target at 9030. Bare in mind, that price could move a lot further than the targets outlined above. The target above is merely an obstacle for price action as it is the previous swing high and a horizontal resistance. If price retests the sidewards support line and bounces, this would be a very bullish sign, as we could clearly be in a 3 wave pattern, which would perfectly work off of the sidewards resistance. ESPECIALLY if there is a strong pin bar type candle at the side-wards support, this would be 10X better for a reliable buy opportunity. I will updating this analysis if it receives more than 40 likes.
BITFINEX:BTCUSDLong
by TomProTrader
14
BTC/USD - Live UpdateWhat's up traders, Here we are analyzing BTC/USD on the 4H chart. Bitcoin is currently trading at 6839 after finding resistance from the 20 and the 50 major moving average above. which offered the signal that Bitcoin could have a small move to the lower horizontal support boundary at 6510. It is what happens after hitting 6510 that will be interesting news for Bitcoin. As it stands price action is in a small 3 wave impulse up leg. If price breaks the 20 and 50 moving averages as resistances, it will almost certainly immediately rise to 7710 (Which coincides with the side-wards resistance) before either breaking the level, or coming back into structure to test it. After the move has completed, I expect price to remain in the rangebound, and I am optimistic for bullish move alongs price does not go below the horizontal support level at 6510. Bare in mind, that a retest is very good for creating a new position and even holding an old one if you're able to hold for longer term. And I'll also be an eager buyer when it hits one of these supports and acts in line with my rules for engaging this trade. I will update this analysis when I receive above 40 likes.
BITFINEX:BTCUSD
by TomProTrader
31