DLavrov

DLavrov

Yesterday, I wrote about Bitcoin and possible market movement based on the 4H chart, today, let's look at Ethereum using the same timeframe. The price is moving sideways at 320USD level. We have a consolidation period, which can be the basis for a new upward movement. Yes, sometimes corrections movements can be like this, without deep pullbacks to the main trend...

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In order to increase the quality of trading signals, you have to use the daily charts in combination with lower timeframes. The daily chart gives us important information about market conditions, possible direction, important levels, and lines. The lower timeframes give the exact trade opportunities with the exact entry and exit points. Let's look at the daily...

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The market should be added to a watchlist. We have a strong downward movement. The price reached the support zone, which is important for the market. Why? Look at the past price action in this zone. So, searching for a possible buying opportunity, it makes sense. As we still don't have a reversal signal in the daily chart and indicators don't provide us bullish...

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It looks like Bitcoin is not ready to correct the previous upward wave. It can be like this, and we saw it many times before when the price continued to move up even the market was overbought. Such movements are not logical, but we also have to take them into consideration. If the price breaks the local swing high, probably we will see the strong wish from...

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The price is forming a bearish candle. If buyers can't push the price above the local high, we should be ready to see a pullback. RSI is going to confirm the price reversal. MACD histogram will be able to provide us a bearish signal too. In spite of the strong bullish trend, the correction movement to the support levels and SMAs will be logical. The 1st support...

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The market made a very good upward movement. The buyers confirmed that they are in control of the price as well as they have power. The price reached 11500USD resistance zone and bounced from this zone. Today, the market is forming a doji candle that can tell us about a possible correction movement. If the price moves down, it will be absolutely ok. Who bought...

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Yes, let's make it clear in this post as from time to time, some people like to tell others that " this guy (DLavrov) knows nothing about trading, and all his trading ideas are useless and with poor quality! If you follow his trading ideas, you will fail!" So, I decided to make an experiment. What if a random trader uses at least 100 trading ideas which I...

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The super trade against the main trend should look like this. The market looks overbought. RSI line is in the overbought zone, and it is going to give us a solid bearish signal. The price bounces from 23.00USD round number. In spite of bullish signals from MACD and DMI, we can expect a correction movement toward SMA50. If the price stays below the resistance level...

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The market is forming a double top, which belongs to a trend reversal group of patterns. If the price stays below 124.000 resistance, we should expect a new downward movement toward SMA50. It will give us possible selling opportunities in different timeframes. Also, there is a bearish divergence, which is another trend reversal signal. The market should be added...

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The price bounced from the resistance zone formed by 76.800 and 76.000 resistance levels. We have a double top as a trend reversal chart pattern and a bearish divergence, which also confirms a trend reversal. RSI confirmed the price reversal. MACD is bearish. DMI does not confirm the strength of buyers, and it allows us to open short trades. The market should...

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The market gave us a reversal candlestick pattern at 0.96000 resistance. RSI confirmed the price reversal in the overbought zone. MACD looks bearish, and it is going to support a downward movement. DMI is bullish, but ADX line is moving down. It tells us that buyers are not so strong, and we can expect a downward movement. If the price breaks the local uptrend...

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Let's look at the daily chart of Ethereum. The price bounced from the support zone at 230USD, broke 250USD resistance, and made a strong upward movement to 320USD level. What's next? The price is forming a reversal candlestick pattern. RSI reached the overbought zone, and it is going to provide a solid reversal signal. MACD and DMI confirm the strong bullish...

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Let's look at the 1H timeframe of BTCUSD. What is going on? The price is consolidating in the borders of the triangle chart pattern. We can use a downtrend line as the upper border of the triangle and SMA50 as the bottom. Having the exact pattern, we can build several models how the market will move further. If the price breaks the downtrend line, it will be a...

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Another long trade gives us a profit. I wrote about a possible buying opportunity in this post . The price bounced from the support and broke the local swing high. It gave us a buy signal in the 4H timeframe. The price does not reach the profit target, but we have an opportunity to fix the part of the profit and move stop orders to the breakeven. What's next?...

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The previous trading idea for this market is active. The trade is profitable, and we can fix at least the part of the profit. I wrote about a possible buying opportunity in this post . Please, read it as well in order to understand what I'm talking about. What should you do if you missed that buy signal? Let's look at the daily chart. It will provide us some...

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The previous buy trade from the 4H timeframe gave us a profit. The price bounced from the support zone and reached 0.21000 target. It was a swing trade. You can read the details in this post. What about the current market conditions? The price reached the resistance zone formed by SMA200 and 0.21000 resistance level. We got a bearish candle at this zone, which...

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The price broke 18USD resistance zone and updated the previous market high. In the daily chart, we have high highs and higher lows, and it is the bullish structure. We can draw a new uptrend line, which will support the uptrend. MACD and DMI are bullish, and they support buyers and further upward movement. RSI line is moving up in the overbought zone, so we should...

DLavrov Updated 

Let's talk about Ethereum, the coin which added in value about 8% for one day. If you look at the daily chart, we will see a reversal from the support zone and a strong upward movement. The support zone was formed by SMA50 and 230USD support. The price broke the 250USD resistance and we got a new swing high. We can say that the market continues the uptrend....