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Trendchannels

GBPAUD the LONG way, but the PATIENT way.Multi TF analysis first, we see the Monthly/Weekly/Daily in congruence for an uptrend. On the daily here, we see that the market could be pulling back. I've got the fib zones marked with rays. As you can see there is the 50 and 61.8 percent level each identified with a ray. Additionally both those fib levels have confluence with a significant support/resistance zone. So it could be a retest as support of those levels. For further confluence, we see that at the %61.8 zone, there is close to the bottom of the equidistant channel coming through for a 3x confluence zone. This will be really powerful. I'm looking to take this from one of those two zones all the way up to where the arrow stops. For my trading style I noticed the 1h, and 15m are in a downtrend. I'm looking for an entry on 1h after an impulse wave breaks the downtrend structure and retests. However a candlestick confirmation for a bounce off a zone may be enough on the 1h or 4h. Lastly, we wait. This idea isn't to tell you to jump in now, but to wait and watch to see how the market reacts when it gets to these two zones. We must remember that the market does whatever it wants so it could randomly go against all of this structure. However we have the statistical advantage with good multi-timeframe analysis. So keep those fingers crossed. Trade at your own risk, I am not a professional and this is not professional advice, this is just my personal analysis. PatiencePays
Long
by PatiencePays777
BAT Looking for AttentionR1 - Resistance (Down trend; lower highs) R2 - Resistance (5585 sat) S1 - Support (2885 sat) S2 - Support (2100 sat) T1 - Trend channel (upper) T2 - Trend channel (lower) FB - False Breakout / Bull Trap This project has cooled off considerably after reaching 9400, where it peaked after going 200% from Feb 6 to Apr 20. Scenario 1 (green) T1 holds as a line of support and the price rides this slowly up, building momentum, before eventually breaking up again. Look at previous pumps. It usually moves sideways a bit before it pumps, so be patient with choosing your buy point. Scenario 2 (red) Price falls into a previously defined trend channel, bouncing between these lines of support (T2) and resistance (T1), before eventual breakout. Scenario 3 (purple) The price will fall through the trend channel (T1 and T2), and we get a reversal off R1, a previously strong line of resistance. Note R1 going all the way back to Jan 2018 and continuing this strong line of resistance until it broke out for good on Feb 2019. Also note, convergence of R1 and S1. This scenario has the possibility of dragging the price all the way down to S1 or S2, if T2 acts as resistance. If this occurs, look for very small gains, maybe 5-10%, and then take profit and reevaluate. *** Make sure you get good confirmation that the reversal has occurred, before going long. Notice this coin has had several false breakouts in the past, and it also likes to move sideways a bit, before it goes steep. This is a daily chart, so it's a long play for easy money and minimal babysitting for Scenarios 1 and 2.
Long
by CryptoKujira
Bitcoin (#BTC) Head and Shoulders ends current uptrendI threw away my idea about the major resistance as a profit target. Based on current price action and technical indicators, I likely expect the price drops down. If the idea about H&S is right, we could see one last leg up to $5350-$5450 zone before the price goes down. Then I expect a retracement at around $4800 and then another drop to the lower channel line, at around $4400 and maybe deeply to $4200. On a daily chart, Bitcoin marked $4980 as a support zone. If we try to measure H&S pattern, we see that it plays quite well as a H&S neckline. However, the price has already hit this area three times (white arrows), which means that more and more liquidity is taken and support becomes more weak. This is a short-term trade. If you like my TA, please hit that "like" button, follow me or leave your comments. Thank you.
BITMEX:BTCUSD.PLong
by AsBobbyDigital
BTCUSDT H4 Uptrend ContinuationThe pair have a good uptrend run since it's sharp decline on 23 Feb 2019. I am seeing it to continue somemore if it breaks and closes above the immediate resistance line (blue dotted line). Major supply level at 4162. If price comes down to my prz levels between 3892 - 3912 I am interested to take a long position. Take note these harmonics completion levels are also near the bottom of the trend channel. For those who studies Supply and Demand will know this range is around the Demand Level as well. Do like, share and follow me for more analysis like this.
Long
by TradeEye
USD/NOK - POTENTIAL OF BIG MOVEIn this analysis we have a lot of strong bullish signs. I have to remind that we are in bullish MID-TERM trend and we have spotted near the bottom. It was 0.618 Fibo as good point for long. There is still open move for 0.786 Fibo but i really doubt that we could move there (it would be bottom of trade channel). Bullish signals: 0.618 Fibo retracement correction Falling Wedge (bullish) or it could remind bullish flag after big move RSI trendline broken. What to watch: A good entry would be after short-term EMA breakout up and falling wedge too. In this trade we could see a big potential move without confirmation so watch the reaction in the edge of resistant line (Falling Wedge). When the market bounce down, we could see another retrace up in the 0.786 Fibo near 8.50-8.47. Targets are SET: TP1 area -> 8.68 - 8.73 TP2 area -> 8.78 - 8.86 When the market breaks the upper trendline of Falling Wedge, so SL could be 8.56 or when the market tries to check 0.786 Fibo (8.50-8.47) SL -> 8.46. GL.
Long
by SlovakTrading