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XLM - Target ReachedWelcome Back, As we discussed XLM trade setup earlier, Target - 1 has been triggered. Start booking profits and also adjust your stop loss. And don't forget that from target-1 to final target in this range manage your trade actively and reduce your position accordingly. New StopLoss : 0.14458 ( around breakeven point ) Conclusion : Observing current market condition yea it's perfect trade. But currently many oscillators like RSI show undervalue so i think there might be small upward moment before going to final target and not a trend change for sure but keep on reading market everything changes within no time. Be active. Disclaimer : Anything Provided here is not a financial advice
Short
by Livermore_Jr
Bitcoin Analysis - Key Levels To Watch For!Hello traders, here is my analysis for BTCUSD. *Unfortunately it just so happened that as I was creating this post BTC started to dump.* I was hoping that BTC would hold around $31K into tomorrow to put price in a good position to rally, but once again BTC has been rejected from the above $31K region. So what does this mean for BTC?? - I know everyone is sick of BTC and crypto at this point (As am I) but you just have to push through and stick it out. Eventually BTC will have it's next bull run and you need to be ready. You can still learn valuable lessons during a bear market... - The dump today does not mean that BTC still won't rally. It does put BTC on the back foot going into tomorrow, but this has been the story for nearly the past month. - On the chart I've labeled the key level that BTC needs to hold ($28.5K), as long as BTC holds that level the probabilities still favor BTC getting a bounce. - I've also labeled the "Key Resistance" level that BTC needs to break and CONFIRM above ($31.4K) for price to be "set free" to Rally. - BTC is essentially still just trading in range which for the moment is slightly more Bullish than Bearish. **Also another thing to note is that over the past week price action has been more Bullish than at any time over the past month. - In fact BTC finally had its first green weekly candle in 10 weeks! So crazy to think that pretty much the past 2&1/2 months have been completely red the entire time. - So this green weekly candle will be a sigh of relief for a lot of trader's and could potentially be the catalyst for BTC to get a rally. **I mentioned this in my post a couple days ago but to re-iterate, I expect BTC to make it's move this week. Like I said the probabilities still favor a move to the upside but all the signs are pointing to BTC becoming more volatile so it would make since for a move to occur this week. That's it for today's post, thank you everyone and best of luck trading!
BITSTAMP:BTCUSD
by natef1
XLM Trade Setup As discussed earlier here this is my trade setup for XLM ! Trade report : Strategy - Pattern Trading ( Symmetrical Triangle ) Breakout - Downward Entry Range : 0.14503 - 0.14420 Target - 1 : 0.13693 Final Target : 0.12700 Stop Loss : 0.14841 Conclusion : After a relief rally market is going down again.... I'm entering into trade when my entry price range got trigger , and make sure that reaching upon first target start booking profits and also manage your trade position accordingly.
Short
by Livermore_Jr
Pattern trade setup - XLMWelcome Back, New day - New trade setup , After a huge downward rally cryptocurrencies are up on an average 4% to 5% today , something like a relief rally !! Ok but here I'm gonna share my trade setup for XLMUSDTPERP , It's forming symmetrical triangle pattern which is also a continuation pattern , no one know in which direction the breakout occurs but according to current market sentiment it is likely to break upwards. I'm gonna enter once it test the breakout successfully. Key Levels to watch : Upward Breakout entry range : 0.14945 - 0.15029 Target - 1 : 0.15598 Final Target : 0.16948 ( consider below this level ) Profit booking range : 0.15598 - 0.16948 For Downward breakout I'll update if the current scenario changes. Disclaimer : Any information provided here is not a financial advice, trade at your own risk!
by Livermore_Jr
Bitcoin - Trend Line Flips From Support To ResistanceHello traders, here is my analysis for BTCUSD. BTC has broken below the trend line which it was previously using as support. - If you remember in my last post I stated that if BTC was to break below it's possible that this trend line could become resistance. - This is exactly what happened, as you can see BTC is now using the trend line as resistance and is following it precisely. - This doesn't really change much in the overall analysis for BTC, however it does add an extra step if price was to break out. *Here are the Bullish signals to watch if price is going to break out. 1) Price will need to break above the trend line and remain above. (It's okay if it dips below just as long as it doesn't close below on the daily TF.) 2) Price will need to break and confirm above resistance at $31.4K. (Previously price did break above however it did not confirm, hence why it dipped back into the "Grey Box Zone" after a couple days.) 3) Once those 2 requirements are met, BTC will be in a great position to head up to $33K (Take Profit #1) and above. ***Important note*** - This week I believe will be the week that BTC makes it's move whether to the upside or downside. (Probabilities still favor the upside.) The FED will be speaking about inflation this week and if I remember correctly some economic data is scheduled to be released as well. Based off prior events it would stand to reason that this could be the catalyst that BTC needs to finally make a move. - If the data is positive BTC should pump. - If the data is negative BTC should dump. This is an important week for crypto and stocks,, keep a close eye on the news and be ready for a move in crypto. Thanks everyone and best of luck trading!
BYBIT:BTCUSD.P
by natef1
2
BTC Analysis - Keep An Eye On The Ascending Trend LineHello Traders, here is my analysis for BTCUSD. Tonights post is going to be short again, there really haven't been any new major developments so my technical analysis from my prior posts are still applicable. The only change from yesterdays analysis is that BTC is now trading on an ascending trend line. As you can see price has bounced from the trend line 3 times which is a good indicator that traders are playing this trend line. - As long as BTC bounces from this trend line the trend is intact. - If price drops below the trend line then the trend is no longer valid and we will need to re-asses for the next trend. - If price did drop below, this trend line could potentially act as resistance later on so keep that in mind. That's it for tonight's analysis, thanks everyone and best of luck trading!
BYBIT:BTCUSD.P
by natef1
XPRT Persistence Token Showing Inverse H&S Pattern FT 1.97Persistence Token XPRT is showing an inverse head and shoulders pattern on the 4hr. right now. With Bitcoin dominance BTC.D almost precisely tagging resistance at 47%, I believe the alts now have a small opening in the clouds to rise. That being said wait for this candle to close in 3+ hours on your 4hr chart for entry confirmation. Entry = Price upon candle close on the 4hr. Stop = Somewhere below neckline. I chose 1.53 Target = 1.97 but taking profits along the way. Risk/Reward = 3.33 Best to you! Stew Here's the BTC.D chart showing resistance:
XLong
by stewdamus
ADA Trade Setup - Breakout Of Trend Line = Bullish MomentumHello Traders, here is a trade Setup for ADAUSD. I'm going to keep this one short today... ADA has had an incredible run over the past several days. So well in fact that it broke through a local descending trend line which acted as resistance. This is a very positive signal for Bullish momentum. - Price is currently re-testing support which is also an ideal buy zone. - The trade setup is shown on the chart. - Keep in mind that we are in a Bear Market. Keep your position sizes small to protect your capitol and don't over leverage yourself. Thanks everyone and best of luck trading!
Long
by natef1
2
ETH Analysis - Trade Setup & Target Levels!Hello Traders, here is my analysis for ETHUSD. To start, if you follow my posts you may notice that the TA for ETH looks somewhat similar to BTC... However there is one major difference. - BTC is currently trading within the "Parallel Channel" while ETH broke below and has yet to break above it's "Parallel Channel". - The reason this matters is because this mean ETH will have an extra level of resistance to break through than BTC. - We will have to keep an eye on this, aside from that the price action and TA will be similar, but it's important to take note of that. Price Action Summary - ETH looks short term Bullish, following BTC after the massive green daily candle yesterday. Today price is consolidating and is holding support. The probabilities favor further upside continuation in the short term. Target Levels - As you can see ETH has many levels of resistance to contend with, despite that ETH should still be able to make some decent gains when BTC rallies. - Once ETH breaks above the Parallel Channel, buyer's will be more enthusiastic and ETH should reach "Take Profit #1 & Take Profit #2" - The probabilities favor ETH reaching at least $2,300 by the end of it's rally. - Beyond that the next levels are at $2,500 and $2,600. There is a much lower probability that ETH reaches the last 2 "Take Profit" levels. ***Enter a long below $2,000. Any higher and the risks are to high for a swing trade. - I will be taking 1/2 profits at TP#1 and the other 1/2 at TP#2. Invalidation - If ETH drops and confirms below $1,700 then this swing trade setup is invalidated. If ETH confirms below $1,700 then I would expect further downside continuation beyond that point. ***Also if ETH was to drop below $1,700 that would mean BTC broke below the its "Parallel Channel" and would be highly Bearish for BTC and the majority of Crypto's would dump. **Note on taking profits in a Bear Market** - We are in a Bear Market... you trade a Bear and Bull market differently. In a Bull Market it might make sense to wait till "Take Profit #4" to be hit before taking profits, however in a Bear Market we know that at some point the Rally will end and price will continue lower. We have to be reasonable with our take profit levels and not get to greedy. So even if I was to think that ETH could easily hit "Take Profit #3" for example, I would still close the trade at "Take Profit #2" to lock in profits. Otherwise if you were to hold out for too long you could be in a situation where price drops sharply down and continues lower while you are still holding out in hopes that it goes back up. That is a losing mentality and will get you in trouble in trading. Thanks everyone and best of luck trading!
by natef1
Bitcoin - Breakout or Fakeout?Hello Traders, here is my analysis for BTCUSD. Finally BTC broke out of the sideways formation that it has been trading in for the past several weeks. I didn't bother making a post over the past few days being as there hadn't been any change, but now that we've got some action it's time to prepare for our take profit levels... One question we need to answer is... is this a breakout or a fake out? - If BTC can close above the previous high and hold the resistance turned support at $31.4K, then this is a confirmed breakout. - However if BTC breaks back below over the next couple days, price may consolidate for longer before trying again. - The probabilities favor BTC holding this level and trending higher being as BTC spent several weeks consolidating first. - As long as BTC holds $31.4K, expect further upside continuation to the next resistance levels. ***I've labeled the "Potential Path's" for BTC on the chart. These are the possible price action scenario's for BTC, just to be prepared for all situations. If BTC Can Hold Support How What Are The Next Target Levels? - BTC has a few resistance levels ahead of it. One at $33K, $34.4K, $37.5, and the major one around $38.5K. - If you opened a position recently I would take partial profits at each level that is hit. Remember, the higher BTC goes the lower the probability that it will go higher. - For example you could take 1/3 profits at each level between take profit #1 - #3 and raise your stop loss each time. - The max upside for BTC in the short term would be around $38K in my opinion. Is This Price Action A Correction Or A Reversal? - It's important to try and understand whether BTC has pt in a bottom and will only trend up from here, or if this is just a short term rally and BTC will eventually trend lower. - Looking at the chart it's quite clear to me that this is just a short term correction and is not a reversal. - The probability of BTC heading much lower are very high according to the chart. - If the structure of the chart changes we can re-asses but for now the chart looks overall Bearish. Invalidation - If BTC were to fall back into the prior formation but hold support at $28.6K, the trend is not invalidated. However if BTC were to fall below and confirm below the trend would be invalidated and we could expect bearish price action for a while longer. Thanks everyone and best of luck trading. Also take a look at the last few posts I put out for a more detailed chart of the take profit levels and trade setup for BTC.
BITSTAMP:BTCUSD
by natef1
5
#CHR/USDT 2Hr Best Entry !!Welcome to this quick CHR/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Reason for trade:- CHR/USDT looks bullish and buys the green zone and targets 65%. CHR/USDT LONG TRADE SETUP Entry:-$0.2176,$0.2230 Traget:- 65% Stoploss:- $0.2024 leverage:-5x To 10x Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you...
Long
by CryptoSanders9563
Is Gold BULLISH!? (Weekly Analysis)Price Rejected a key level of support and has been retracing. As you can see price has been creating higher lows and respecting the current trend. In the short term we could see more bullish momentum leading into this week. This week is PMI and NFP news so this could have an impact on price. It is important to keep in mind that the overall trend on the HTF is still bearish so buys will be short lived and positions should be taken with caution when counter trend trading. If you look at price on the 4H TF, you can see that price has broken structure and as long as support is formed and price respects 1843.30, we could see a bullish continuation until we reach the major level of resistance above.
OANDA:XAUUSD
by dreadhead4_life
Bitcoin Analysis - Triangle Formation Nearing Breakout!Hello Traders, here is my analysis for BTCUSD. Another day has past and really nothing has changed with BTC over the past 24 hours. BTC is still trading within the same range that I spoke about in my post yesterday, so the same technical analysis still applies. **There has been one new development to keep an eye on, and that is the triangle formation that BTC has formed. - I first noticed it a couple days ago, but at the time I couldn't tell whether BTC was trading within the Support & Resistance zone or if it was now trading within the triangle formation. - It's quite clear that it's definitely trading within the triangle formation now... So what does this mean from a technical standpoint? - This means a breakout (or Breakdown) is inevitable in the coming days. - As you can see price is becoming wedged, smaller and smaller in this formation until eventually the pattern breaks. - Similar to Support & Resistance, whichever way price breaks will signal a strong buying or selling presence towards that direction. - This will give us a good idea of what BTC's following move will be. - If price breaks the triangle to the upside = BTC is short term Bullish - If price breaks to the downside = BTC is short term Bearish ***I measured from today to where the triangle meets and there is only 3 days to that point. That means a move should happen within 3 days. What happens next if BTC breaks the Triangle to the upside? - If BTC breaks the triangle to the upside, that is very positive in the short term for BTC. - I would expect BTC next to target resistance at $31.4K - It's possible that the excitement and momentum from BTC breaking the triangle will be enough to help BTC finally break resistance at $31.4K - If $31.4K is broken the next target will be $33K. ***Remember, the more times a support or resistance level is hit the weaker it gets. Just imagine that you are trying to break through a wall with a sledgehammer, you're probably not going to be able to knock it down the first few hits. But after 4 or 5 hits the wall becomes very weak and finally breaks. Thats it for todays analysis, thanks everyone and best of luck trading!
BITSTAMP:BTCUSD
by natef1
2
BTC Analysis - Bullish & Bearish Scenario + Target LevelsHello Traders, here is my analysis for BTCUSD. As you can see not much has changed since my last BTC post, BTC has basically been trading in the same sideways formation for the past 2 weeks. There hasn't been much to update given this sideways price action but I wanted to give you all the target levels depending on which way BTC breaks... - One positive thing to note is that BTC has held up very well over the past 2 weeks despite a volatile stock market. This tells me that BTC has stabilized and is preparing for the next move. The question remains... which direction will the move occur?? - As of right now the probabilities still favor BTC getting a bounce a having a short term rally, but we have to be prepared in case that doesn't play out. So What Are The Possible Price Targets? - The great thing about BTC trading in this sideways formation is that it makes it very easy for us to predict what levels BTC will hit depending on which direction it breaks. - As you can see I've broken the chart into 2 sections - Bullish & Bearish BULLISH - If BTC breaks and holds above resistance at $31.4K, this is a breakout and expect BTC to hit target #1 at $33K. BEARISH - If BTC breaks and holds below Support at $28.6K, this is a breakdown and expect BTC to hit target #1 at around $27.2K How High Can BTC Go? - If BTC was to breakout and hit target #1, I do think BTC could possibly head to target #2 eventually. It's possible that after the first target is hit that BTC could consolidate for some time again before heading to target #2. - Personally I would unload around 75% of my profits at target #2 being as I think target #3 has a low probability of being hit. - The higher BTC goes, the lower the probability of it hitting the next resistance level. - The probabilities dictate that the highest BTC could go during a corrective bounce would be around $39K. What Happens After BTC Rallies? - After BTC has it's corrective bounce, I would expect for price to come back and retest the bottom of the parallel channel around $26.5K. - BTC would probably get another bounce of that level before consolidating again. What is The BTC's Bottom This Bear Cycle? - Based off my analysis I think BTC will easily hit at minimum $20K (Previous High) - However I think BTC will most likely bottom out at around $12K possibly even lower. Thanks Everyone and Best of Luck Trading!
BITSTAMP:BTCUSD
by natef1
9