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AVAXUSDT - Time to buy?BYBIT:AVAXUSDT 1H trend chart - AVAX just broke out the downtrend line, and even took out the neckline of double bottom(blue zone) in 1H chart right now. There are lots resistance around the neckline. So if price can stand firm at 90.015 w/o wicks top, trading strategy as below. - Profit Targets: a) 93.285~94.605----Fib(1.272~1.382) b) 96.025----Fib(1.5) c) 102.030----Fib(2) Stop losses: a) 87.615-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
BTC current situation is similar to before COVID crash in 2020I don't know why our current situation reminds me of a few weeks before the COVID crash in 2020. See the similarities I found in these two periods. I don't say this will happen, but it worth to keep it in mind. I still believe we will see another leg up before any types of crash. Based on the news, COVID is increasing across the world. In Europe, the situation became critical and I also the US COVID cases are on the rise. It rings a warning bell to me. I decreased my exposure to the market.
BITSTAMP:BTCUSD
by Mrcryptotracker
3
ETHUSD - When will this correction end and nice entry timing?BYBIT:ETHUSD 1D trend chart - ETH completed the big cup and handle pattern as we predicted before. - Further, it gets lots of correction and keeps making higher high. Recently, ETH shows a pullback after hitting TP2, and it's great to see a correction if TP3 is coming. Additionally, I mark the good support zone in the middle part of the chart, which is formed from 4383.5 and the top of handle pattern, we expect an effective support level showed there. Therefore, if price go down and consolidate around the support zone, keep observing it with 1H/4H time frame, because an entry timing for long-term trading is gonna show. - Trading Strategy Profit targets: a) 4035.5----Fib(1)---> Already Hit! b) 4666.45~4921.65---> Already Hit! c) 6355.25----Fib(2) Anyway, never forget to control your risk - Let's see where ETH can bring us to! - If you like this analysis, smash the "like button" and leave a comment below to share your thousghts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
BYBIT:ETHUSD.PLong
by EthanTW
1
FIBONACCI TOOL common reversal levels📊 ❗️Fibonacci levels are one of the most popular tools for analysis. These are price levels that are located in certain parts of the movement corresponding to the mathematical Fibonacci numbers. 🟢What are Fibonacci numbers? In the XIII century, the famous scientist Leonardo of Pisa lived in the Republic of Pisa – the first major medieval mathematician in Europe. On the cover of one of his most famous works was attributed filius Bonacci (son of Bonacci). Hence the nickname Fibonacci. The Fibonacci numbers are a sequence of numbers derived from Leonardo's experiment on rabbits. The Pisan mathematician decided to find out how many pairs of rabbits will be in a fenced pen a year after the start of breeding (provided that there will be only one pair in the pen in the first month). In the third month, the cuts began to multiply recurrently – each subsequent number was equal to the sum of the previous two (1, 2, 3, 5, 8, 13, etc.). If any number from the sequence is divided by the previous one, you get a number tending to 1.61803398875… This number is the "golden ratio". In algebra, such a number is called the Greek letter phi. When dividing any number from the sequence by the following, the inverse of phi 0.618 is obtained. When dividing any number from the sequence by the number following one, 0.382 is obtained. In this form, Fibonacci numbers are much more familiar to traders. 🔴Correction levels Correction (retracement) - movement against an existing trend. The correction "absorbs" part of the trend movement. Of the Fibonacci numbers, 38.2 are mainly used for correction levels (from the previous trend movement), 50%, 61,8%, 78,6%. Correction levels are based on candle wicks, in other words, on their maximum or minimum points. To build a correction level, you need to find a trend. Fibo levels can be asymmetrical, so it is especially important to pay attention to where the beginning and end of the wave on which the level is being built are located. On a downtrend, 0% at the bottom, 100% at the top. When ascending, the opposite is true. The most significant correction level is 61.8. When a breakdown of this level occurs, a new trend in the opposite direction usually begins. After that, it is necessary to build a new corrective level. Correction pattern – movement between minor correction levels. After such a move, the price usually moves to the key level of 61.8. 4 patterns are depending on which levels of correction the price concerns. ⚠️Even if the skills of analyzing the state of the market by Fibonacci levels will not be a big advantage in trading, then in any case it is a great (and to some extent integral) experience of technical analysis. Fibo levels can be combined with a footprint, deltas, and other tools. The trader will understand only in practice if it is possible to benefit from this or not. ❤️ Please, support our work with like & comment! ❤️
BITSTAMP:BTCUSDEducation
by SignalProvider
23
NEARUSDT - 2 ways for entryBYBIT:NEARUSDT 4H trend chart - NEAR go back to Vegas 12ema right now after hitting Vegas 144/169ema. If price can keep being here until 4H closure, it'll meet the entry of Vegas tunnel trading. Moreover, there is an upper downtrend line in the middle part of the chart. If price can break out the trend line w/o wicks top, it's also an entry timing. Trading strategy as below. - Profit Targets: a) 13.23----Fib(1) b) 14.988~15.699----Fib(1.272~1.382) c) 17.225----Fib(2) Stop losses: a) 9.94-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
1
✅LINKUSDT - One more pullback then Surge to our TP1BYBIT:LINKUSDT - Congrats! You mush have a nice profit if you're following this trading plan. - As usual, do not forget to take profit at 1st TP we set, you can hold the rest until TP2 or even TP3. Just take it anytime you satisfy. - Moreover, I set a new SL $34.882 to protect your unrealized profit. Have a good day!. - If you like this analysis, smash the like button and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
2
✅LTCUSDT - This insane bull takes all TP we setBYBIT:LTCUSDT - Congrats! 3 TP set from below trading plan were hit eventually. - Just take it anytime you satisfy. - Moreover, I set a new SL $254.53 to protect your unrealized profit. Have a good day!. - If you like this analysis, smash the like button and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
2
Don't wait too long for "CONFIRMATION"!​Hi Guys A popular concept in the world of trading, especially among technical traders and chartists is to wait for confirmation before entering a trade. This means you have a Signal, for example, a price action pattern and now you wait for the markets to confirm that pattern before you enter. The idea, of course, is to filter out bad trades this way and to gain confidence before entering the trade. But that confidence might come at a very high price in the long run. The problem with waiting for the market to confirm your trading idea is that this "Confirmation" often already is your profit! In other words, the Signal has worked and you would have been paid to take the risk and trade it. And that's what you get paid for as a trader, you try to anticipate a price move you believe is going to happen before everyone else does. Please notice that this is true despite your trading style. You might hear statements like „I just follow the markets, I don't try to anticipate what's going to happen." (usually, these come from traders following some kind of trend following approach). But what they really mean is that instead of trying to get into a trade early anticipating the markets to reverse direction, they get in late anticipating that the markets will move even further in the direction it has already been moving. Of course nothing wrong with that, but in either case, traders anticipate a future price move they want to profit from and it's important to be aware of that fact. Another example is trading a specific support/resistance level. Sure the risk to buy into a support level while the market is in free fall is risky. But that's precisely why these trades often offer you great profit potential. In case the trade works out, you'll get paid for the risk you took. But again…once you see that huge reversal price bar on your chart that bounced nicely off that support level - you probably already missed the opportunity. You now know that you've been right. That really was a support level and market participants bought again at that price. Because of that price moved up and that's why you now see that huge reversal bar. But that move is over now…and those who took the risk and bought at the level are now taking their profits - hopefully, you're not the one buying from them now. I could come up with many more examples like waiting for an indicator to confirm a trade etc, but the point to consider is that whenever you wait for confirmation you give up a significant amount of potential profits. And more often than not, these potential profits cost more than a couple of losing trades you might filter out waiting for confirmation. Your job here is to find a good compromise between getting in too early due to a Signal coming from market noise and getting in too late due to a Signal that misses most of the opportunity. The Ambush trading method, for example, is an extreme case, it gets into trades again the ongoing short-term trend all the time. But that's precisely the idea behind it, trying to anticipate where that short-term trend is likely to end. Sounds risky? Well, looking at the long-term results it's actually a lot riskier to be on the other side of these trades ;) DO YOU BELIEVE CONFIRMATION?
COINBASE:BTCUSDEducation
by seyed_mehdi
IOTAUSDR - Entry timingBINANCE:IOTAUSDT 4H trend chart - IOTA has been consolidating and converging. Now, it is trying to take out the upper downtrend line, but we shall be aware of fake-out in 4H chart. If price can break out the downtrend line around here, trading strategy as below. - Profit Targets: a) 1.62----Blue horizontal ray a) 1.7664---Fib(1) b) 1.9686~2.0504----Fib(1.272~1.382) Stop losses: a) 1.366-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
4
FILUSDT - Wait for buying timingBYBIT:FILUSDT 4H trend chart - FIL is approaching to the long-term downtrend line However, it did a fake-out in 4H chart before. So it'd be better for trend to consolidate and get support from 62~66. If price can break through the downtrend line, trading strategy as below. - Profit Targets: a) 81.14---Fib(1) b) 89.34~92.65----Fib(1.272~1.382) c) 99.77----Fib(1.618) d) 111.28----Fib(2) Stop losses: a) 57.93-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
✅DASHUSDT - Rushing DASH hit our TP - Congrats! You must have a nice profit right now if you're following the trading strategy as below - As usual, do not forget to take profit at every TP gradually, you can hold the rest until TP1/2 or even TP3. Just take it anytime you satisfy. - Moreover, I set two new SL which are $200.8 and $185.2 to protect your unrealized profit. Choose any one depend on the risk you wanna take. Have a good day!. - If you like this analysis, smash the like button and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
2
AXSUSDT - is building a Cup and Handle BYBIT:AXSUSDT 4H trend chart - Since 10/29, AXS broke through a triangle and retested it. Now it is forming a CH pattern, but the pattern will be completed only if price gets firm at 163.22 However, aggressive traders can take a try while breaking out the short-term downtrend line. Moreover, I prefer to see a double bottom in the building handle pattern as the marked blue arrow . So, if price can take out the downtrend line or stand firm at 163.22, trading strategy. - Profit Targets: a) 171.945~175.475----Fib(1.272~1.382) b) 183.040----Fib(1.618) c) 195.295----Fib(2) Stop losses: a) 141.45-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
3
LUNAUSDT - Take entry here?BYBIT:LUNAUSDT 1H trend chart - LUNA is consolidating as a triangle since hitting ATH 53.275 Now, it just broke out the downtrend line in 1H chart. If price can be keeping here without long upper shadow line, trading strategy as below. - Profit Targets: a) 53.275----ATH(optional) b) 56.3~57.250----Fib(1.272~1.382) c) 58.835----Fib(1.5) d) 64.390----Fib(2) Stop losses: a) 50.625-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
1