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SXP / Bitcoin

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SXPBTC trade ideas

SXP LONG FOR LONGTERM!SXPBTC has a strong resistance/support area around 6800 sat which is brokenout to the upside with good volume around 2 weeks ago. Yesterdays sell off does push the price down below that area but it goes back up therefore im optimistic for the future. If we can hold the green uptrendline, price movement can go a lot higher with %500-600 return to the ATH. Price looked like it ll form an M pattern on bolinger band but it didnt and price go even lower and right now its in the middle. Macd is bearish and volume is not low, rsi is around the middle going down. All of them are bearish signals but as long as we hold 6800 sat area im still long on sxp. Even price breakout to the downside i ll see this action as buy oppurtinity and wait for to buy!
Long
by thegreatwall38
Crypto|SXP/BTC|Long and shortLong and short SXP/BTC Activation of the transaction only when the blue zone is fixed/broken. The author recommends the use of anchoring fixed the blue zone, this variation is less risky. If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone. Working out the support and resistance levels of the consolidation zone. * Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author. + ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction. The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %. The breakdown of the upper blue zone - long. Breakdown of the lower blue zone - short. Working out the stop when the price returns to the level after activation + fixing in the red zone. Blue zones - activation zones. Green zone - take zone. Red zone - stop zone. Orange arrows indicate the direction of the take. Red arrows indicate the direction of the stop. Priority - The value of the priority parameter implies the author's subjective opinion about the more likely activation zone on this idea, this does not mean that this idea will be 80% activated by this parameter, the purpose of the parameter is to provide for the risk of the inverse of the zone parameter. Example: "Priority Long: So the author inclines more in the direction of the activation zone open long trades, in this case, when reaching the activation zone in short you should be very careful, because this area may be highly likely to be punched about the breakdown/do not get to take/activate transaction from go to stop." Please consider this parameter if you use my ideas. SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take. P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
by Henry_Ross
13
SXP/BTC short term analysisThe immediate direction of swipe depends on how it breaks out of this ascending triangle. If it has a bullish breakout, will be straight to target 1 (0.0001), followed shortly by target 2 (0.000125). A bearish breakout and its gonna drop down to the key psychological support (0.00007). The amount of volume around the current price indicates a breakout is gonna happen soon, so I think these targets will be hit soon (this or next week). I'll be waiting for a 4 hour candle close outside of this triangle before I place a trade. ** Fundamentals look great for April and June - Bullish.
Long
by UnknownUnicorn16174229
3