What do you think about such a short trade? The daily chart gave us bullish signals, but the price can retest the support zone. If so, the 1H timeframe will be able to give us a short trade. If the price breaks the local uptrend line, it will be possible to open short trades with stop orders above the local swing high and the profit target at the support zone....
The price reached 0.93000 resistance zone. RSI reached the overbought zone as well. The price action at the resistance will be able to provide us interesting short opportunities based on the daily and hourly timeframes. We will have to wait for exact reversal and trend breakouts signals and use them for opening short trades. Stop orders should be placed above the...
The market gives us another trade opportunity based on the 1H timeframe. The price reached the resistance zone formed by SMA200 and 10 400$ resistance. We have a local swing high which can be used as an entry point in combination with a breakout signal. Here is an example of a long trade: Buy above 10 485$ Stop below 10 165$ Profit Target at 11 245$ Risk per...
The price reached a strong support zone. RSI is not far from the oversold zone as well as MACD histogram is below the signal line. If the price bounces from the support, these indicators will be able to give us solid bullish signals and support a possible upward movement. The price action at the support zone is going to give us interesting buy signals in the daily...
The price is at the support zone formed by SMA200 and 1942.50 support level. The price reversal will give us a buy signal. MACD and RSI will be able to support a possible upward movement. Here is an example of a long trade: Buy above 1944.80 Stop below 1940.30 Proft Target at 1964.85 Risk per trade must be no more than 1% of the capital. Disclaimer! This...
The price bounced from the support zone formed by SMA200 and the support level. RSI confirmed the price reversal. The same goes for MACD histogram. It gives us a possible buying opportunity in the direction of the main bullish trend. Here is an example of a long trade: Buy above 80.150 Stop below 79.800 Take Profit at 81.450 Risk per trade must be no more than...
The price reversed from the support zone formed by SMA200 and 0.72000 support level. RSI and MACD confirmed the price reversal. It gives us a possible buying opportunity in the direction of the main trend. Here is an example of a long trade: Buy above 0.72200 Stop below 0.71850 Take Profit at 0.73850 Risk per trade must be no more than 2% of the capital. If the...
After a solid trend reversal signal, the price didn't move toward but started a sideways movement. We can draw a price channel with 1.17550 and 1.20000 borders. If so, we have to follow the rules for the range market conditions and buy from the support and sell at the resistance. If the price breaks the support zone, it will be a bearish signal in the line with...
If we look at the daily chart of Ethereum, we will be able to say that the solid bullish trend. In spite of a correction movement from 490$, we have a workable bullish structure and after the correction, we should expect a new wave in the direction of the main trend. We could open long positions using the hourly timeframes and reversal signals at 300$ support. If...
As we can see the price is moving at 10 000$ support. We can use the daily chart and build a trading idea based on a possible price reversal from the support zone. MACD and RSI are going to support an upward movement. Here is an example of a possible long trade: Buy above 10 350$ Stop below 9750$ Profit Target at 11 950$ Risk per trade should be up to 10% from...
If we look at the 1H chart, we will see a clear downtrend with a correction movement toward the nearest resistance zone. The price could not move above 360-370$ resistance and we can expect the continuation of the downtrend. Of course, if Bitcoin moves up, Ethereum will be able to follow the main coin. But what if Bitcoin continues the sideways movement at 10...
Trades shouldn't be judged based on the results. For example, if a trade gave profit it is a good trade and if a trade gave a loss it is a bad trade. It is an amateur's approach. Trades must be judged based on other criteria: - good/bad entry - good/bad exit - was it in the line of a trading strategy? - was it in the line of a trading plan? - was it in the line...
The price bounced from 10 000$ support zone several times. RSI and MACD confirmed the price reversal. At the same time, we have trend reversal signals based on bullish divergences in the 1H and 4H timeframes. It gives us a rather interesting buying opportunity. Stop orders must be placed below 10 000$. The profit target can be based on round numbers. Such a...
The price reached a strong support zone formed by SMA with period 50 and 1920.80$ support. The price action at this zone will be able to give us interesting trade opportunities. If the price bounces from the zone, we will have buying opportunities in the daily and hourly charts. Stop orders should be placed below the support zone. The profit target will be the...
How much money you can make from trading in different markets and using different trading styles? Such a question is rather popular among novice traders and in this post, I want to provide you my vision. Here is an estimated profit per month: Forex Market - short term trading 5-10% - swing trading 3-5% - position trading 1-3% Crypto Market - short term...
The support zone formed by 10 000USD and SMA100 holds the price. If we look at RSI, the line is not far from the oversold zone. MACD is below the signal line, and it can provide a good bullish signal. We would have a very good buying opportunity based on the reversal signal in the daily timeframe if the weekly chart could support an upward movement. But the weekly...
The price bounced from 1.20000 resistance zone. RSI and MACD confirmed the price reversal. At the same time, we got a double bearish divergence which is a solid trend reversal signal. If the price breaks the local uptrend line, it will be an additional bearish signal supporting the further downward movement. The breakout will give us new trade opportunities in the...
The price bounced from 1.34850 resistance zone. It gives us a possible trade opportunity. The price diverged with MACD and RSI. It is a trend reversal signal at the resistance zone. RSI and MACD histogram supported the price reversal as well as a possible downward movement. DMI is bullish, but ADX line is going to move down. All these bearish signals give us...