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Closed trade & next scenarioClosed trade & next scenario A quick update on our trade and what we see happening in the market. Our plan still holds: we reached our second target and reached max target. We expect some to see some range-like behaviour before possibly reaching the 2.618 extension level. Or perhaps we will see a strong bearish reaction and cycle at our max target. As always, we will have to allow time to lead us. DAILY While typing this we reached our max target and closed our trade. Now we wait for bearish signs to enter a short, or breaking resistances to consider re-entering a long position. The daily 9 on the TD system indicates this move is exhausted, and we’re probably going to see a pullback, or major correction. We don’t know yet.. As you can see on the chart below the longs are taking profit, we’ll have to see if this is enough to start a new bearish cycle, or if we get a push through to the red box (with the weekly kijun) for a perfect shorting opportunity. As we said, this may take a while, and price will probably not go directly up and then directly down, but range a while before agreeing on a direction. 2HR - Bitfinex longs/shorts There;s a strong (>10%) drop in longs, so there’s some major profit taking going on at the moment. We’ll have to wait and see if this is enough to usher in a new bearish cycle. 2HR We can see a nice hammer candle forming as a region from the 0.618 retracement of the last bearish move. As we said before, we closed the trade and are waiting for the market to choose its direction. We suspect a range, and then down, possibly after reaching up once more. We have bulls taking profit, but no bears stepping in yet, so let’s see how this plays out in the coming days. We hope you enjoyed this trade, and as always, remember, Be patient, only time will bring you profit.
BITSTAMP:BTCUSD
by DariusZen
2
Zilliqa VS Bitcoin Buying OpportunityZilliqa has found the bottom at 350 satoshis and went sharply up, breaking above the 8/1 Gann Fan trendline. On a corrective wave down, after the breakout, price went down to 38.2% Fibonacci retracement level, at 480 satoshis. This level has been rejected and ZIL/BTC Produced a new all-time high, hitting 580 satoshis. Yet another corrective wave down followed, and price once again went back to 480 satoshis support, and again, rejected it. Further, it attempted to break above the downtrend trendline but failed. While the trend seems to become bullish a break and close 540 satoshis resistance is required in order for Zilliqa to continue producing higher highs. On a downside, break and close below the 480 satoshis support could invalidate bullish outlook and extend the consolidation.
by CryptoPAMM
Raiden Network VS Bitcoin Trade SetupRaiden Network Token has been trading between 62k and 13.5k satoshi during the past three months. Recently it found the support at 30k satoshi where it rejected the 127.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout. At the same time, bullish divergence was formed by the RSI oscillator, suggesting the beginning of an uptrend. However, today RDN/BTC found the resistance at 8/1 Gann Fan trendline which is being rejected. In order for the uptrend to be confirmed, break and close above 40k satoshi is required. When/if that happens the doors for further growth should be opened and the price could jump towards 75k satoshi resistance, confirmed by two Fibonacci retracement levels. On a downside, if the price will not manage to break above 40k resistance, Raiden could get back to the 30k support and then even back to 13.5k support.
RLong
by CryptoPAMM
>>EURGBP<< >>January Week 1<< Long SetupEURGBP started this week with a new Weekly High with some strong bullish price-action a possible wave HH and started a pullback with over 60% of previous week Price-Movement that"s where we get in. Entry: 0.88600 Sl: 0.88325 Tp: 0.88900 We possibly will see some new Highs on this one if our support levels are able to hold the shortterm downside-Wave. Our stops are always below previous weekly low/high, if this one breaches we normally see a strong move so our stops are fine. Have a good one, trade with care
Long
by DACapitalTrading
3
BTCUSD: Possible Buy opportunities.Bitcoin just made new highs. It slowed down as soon as it hits the 1.27 fib level. Showing signs of new resistance, however, based on my outlook, 3.7-4k is the main target for Bitcoin now. There are two ways to approach this, both requires the patience for price to retest previous high as the new support. If it breaks below the support. Then we potentially can get a Cypher formation bringing us an opportunity to re enter long. Trade with care.
COINBASE:BTCUSDLong
by AbdorhmanThi
NO TRADING ZONE: aka NTZ (Forex)This strategy utilizes the CCI (31, close), MA (20, close) and finally HMA (200, close). Better on longer time frame charts but seems to identify trades on the 30M & 60M charts as well. When you open up a chart, anything in the grey area on the CCI is a NO Trade situation. Entry signals however do occur when CCI raises or lowers sharply @ the 0 line. When price crosses the 20MA and closes in the same direction as the CCI 0 line cross and is congruent above or below the 200HMA it's time to place a buy or sell stop and Stop Loss using most recent Support and Resistance levels. I simply multiply my SL by 2 for my (2 to 1) Risk/Reward ratio. Using a full lot, I'll close half my position when price reaches my Take Profit and use an active trailing stop placed at the most recent S&R levels. Also raise your initial SL to break even at the end of your first time cycle. Of course trade at your own risk, good luck and have fun:)
by ChartFishing_com