DLavrov

DLavrov

I don't think that the price will break the resistance and moves upward right now. The price bounced from 620$ resistance in the 3rd time, and we should be ready to get a double top. It is a reversal chart pattern. RSI gives a bearish signal. The same goes for MACD histogram. I think the next market movement will be downward toward 500$ support. If the price...

DLavrov Updated 

This trading idea is based on a trend reversal signal. In the 1H timeframe, the market gives us a double bullish divergence. It is a solid bullish signal. The price bounced from 1764$ support, and we can expect a further upward movement toward the key resistance levels. RSI confirmed the price reversal. MACD lines and histogram are supporting the upward...

DLavrov

It is just a theory, what if the price can't break 20 000$ with a new attempt? What's next? I offer you to build a model which can describe a possible market movement within several weeks or maybe months. If the price can't break and stay above 20 000$ resistance, I think we will see a sideways movement between the resistance and important support levels. We...

DLavrov

The price broke a solid resistance at 1.20000 and moved upward. Those who could catch a reversal signal in the hourly timeframes and open long positions should now think about where to fix the profit. Those who missed buying opportunities now should stay away from the market and wait for a new trade opportunity. Probably you won't believe me, but my short trade...

DLavrov

In this post , I wrote about bullish setups. The price reached the 1st profit target. The 2nd trade is active, and we can move the stop orders into the breakeven. What's next? I offer to look at the daily time frame in order to understand a possible market movement. We can see that the price broke SMA200, which gave us a solid bearish signal. But the price...

DLavrov Updated 

Let's look at the 1H chart of AUDJPY. I decided to use this chart to show you how we can trade using reversal signals from the key resistance and support. I want to share with you 2 profitable trade which gave us a good profit. We could risk 1$ in order to get 3$ of potential profit. The 3rd trade is based on the same idea. If the price bounces from 77.00...

DLavrov Updated 

The price bounced from 2.75 support zone. Despite a bearish signal from MACD histogram, we can expect a possible upward movement starting from that zone. RSI is going to confirm the price reversal. Here is an example of a long trade. Stop orders has to be placed below the support and the local swing low. The profit target should be at the previous market high....

DLavrov Updated 

The price bounced from the support zone. RSI confirmed the price reversal. If the price breaks the local downtrend line, it will be a bullish signal in the direction of the main bullish trend. Here is an example of a possible long trade. Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the...

DLavrov Updated 

The price is going to test the 1.20000 round number level. It is a solid resistance that can stop and reverse the upward movement. The price action at this resistance will be able to give us interesting bearish setups. If the price reverses from the resistance, we will be able to open short trades with stop orders above the resistance and the local swing high....

DLavrov

We should watch closely for the price action at 20 000$ resistance. If the price breaks it, we will see an attempt to make a new historical high. But will the buyers be able to keep the price above 20 000$? Will it become new support? I don't recommend to use the breakout as a signal for buying. If the price reverses or we get a false breakout, it will be a...

DLavrov Updated 

The price bounced from 16 000$ support zone. RSI and MACD histogram confirmed the price reversal. It gave us a good buying opportunity. I opened a long position when the price moved above 17 000$. If the price can stay above 16 000$, we should be ready to see a new attempt to break 20 000$ resistance. If the price breaks 16 000$ support and SMA200, the next...

DLavrov Updated 

Here is a long trade which I could catch yesterday. The price bounced from the support zone formed by SMA200 and 65$ support. RSI confirmed the price reversal. MACD histogram confirmed the price reversal as well. Now MACD is supporting an upward movement. The breakout above the local swing high will give another solid bullish signal and confirmed a double bottom...

DLavrov Updated 

The price bounced from 500$ support, and it gave a possible buying opportunity. Here is a long trade that I decided to open following the price reversal signal. RSI confirmed the price reversal and the same goes for MACD histogram, which is also supporting an upward movement. If the price breaks 500$ support, the next buying opportunity will be at SMA200. ...

DLavrov

It is obvious that for the market 16 000$ and 14 000$ are very important. You can see how the price moved in the past around these numbers. The price bounced from 16 000$, and we got the 1st buy signal in the direction of the main bullish trend. Probably the price will try to break 16 000$ again. But this zone is supported by SMA200 now. We should be ready to...

DLavrov

The price bounced from 620$ resistance and we could see a correction movement. What's next? We have to search for possible reversal setups at support and use them for buying. We have the bullish market in the higher timeframes and we use the correction movement for opening long positions in the direction of the main trend. If we look at the 4H chart, we will...

DLavrov Updated 

The price reached ATH, and it is not far from 20 000 resistance. The market gives us a solid trend reversal signal, which is based on a double bearish divergence. I draw your attention that we get such a bearish signal at the solid resistance zone. MACD histogram gives us a bearish signal. RSI confirmed the price reversal, and it is bearish as well. If the...

DLavrov

The price broke 19 000$ resistance, and it gave a bullish signal. The buyers are doing all the best in order to update ATH. Probably 20 000$ will be reached within several days, and we will see an attempt to break it. I won't be surprised if we get a false breakout. The upward movement and how the price breaks resistance tells us that the buyers are in control...

DLavrov

The price moved back to key support. In the past, reversal signals from that zone gave us good trade opportunities. What about now? I think we should expect a new reversal. If so, it will give us interesting buying opportunities in the hourly and minutes timeframes. Stop orders must be placed below the support and the local swing low. The profit targets should...