DLavrov

DLavrov

The price could break the local resistance at 9500USD and updated the local high. Now the broken resistance is acting as the support, and the price action at this zone will show us the further market movement. If the price can stay above 9500USD, the buyers will use it as a basis for a new upward movement to 9800USD resistance. The next target will be 10000USD...

DLavrov

Buyers are looking at 1920USD level, which is the historical high. It is their main target, and I think they will succeed. As the market has made a solid upward movement, I won't be surprised if buyers start fixing their profit. They will start selling in order to cover their long positions, and we will get a reversal. The price reversal from ATH with the further...

DLavrov

The price bounced from 0.89500 resistance zone. It tells us about a possible correction in the bullish market. Also, the price formed a bearish divergence, and it is a strong bearish signal as well. We have a possible selling opportunity. If the price breaks the local uptrend line, it will be a sell signal. Stop orders for short trades must be placed above the...

DLavrov

If we like to trade Bitcoin and we want to find a possible buying signal. What should we do? For example, we can build such a trading plan using the daily chart. The price bounced from 9000USD support zone and moved above SMA50. SMA 100 and SMA200 are moving up, and they confirm the bullish trend. MACD lines and histogram support the upward movement in the...

DLavrov

If we look at the 1H chart, we will see a correction movement after a pump to 9440USD. We can draw a downtrend line, which will act as a signal line in combination with a breakout. The 1st possible zone for buying is 9280USD level and SMA50. If the price reverses from this zone and breaks the local downtrend line, it will be a bullish signal in the direction of...

DLavrov

The previous trading plan, which was based on a trend reversal signal, failed. The price continued the upward movement and reached another resistance zone. Maybe you think that the market is strong and we have to search for buying opportunities. But from my point of view, it is a mistake. The market has made a good upward movement. It gave us at least several buy...

DLavrov

The price reached the resistance zone formed by SMA200, the weekly downtrend line, and 1.28000 resistance level. The price action in this zone will be able to give us trade opportunities in different timeframes. If the price bounces from the resistance zone, it will be possible to search for sell signals using the hourly and minute charts. Sellers will be able...

DLavrov Updated 

It is just a possible trading idea that is based on a trend reversal signal. The price diverged with RSI and MACD histogram. It gives us a selling opportunity. DMI does not confirm the strength of buyers, and we can use it as another bearish signal. If the price breaks the local uptrend line, SMA50 and 1.14000 support level, we will be able to see a downward...

DLavrov

The price bounced from 9125USD support and moved above SMAs. It gives us a signal that buyers are in control of the market right now. We can expect a further upward movement to 9500USD resistance and breakout above it. MACD supports upward movement. DMI is bullish, and ADX confirms the strength of buyers. If we look at RSI, the line reached the overbought zone....

DLavrov Updated 

If the market is going to continue the sideways movement between 9000USD and 9500USD, we will be able to buy from the support zone with the profit target at the resistance. As we can see, there are no strong buyers and sellers in the market. There were several upward and downward movement, but they could not be developed in a new trend. There is no strong...

DLavrov

Here is a possible short trade. The price reached the resistance zone. The market looks overbought in the 1H chart, and we can expect a correction movement. RSI confirms the price reversal in the overbought zone. MACD histogram supports a possible downward movement. Sell below 135.810 Stop above 135.950 Profit target at 135.200 Risk per trade must be no more...

DLavrov Updated 

I wrote about possible trade opportunities in this market in the previous post. You can find it in the related ideas below this post. The idea was simple, we use the horizontal price channel and trade reversals. If the price breaks the borders of the price channel, we try to catch a new price movement. You can see how many profitable trades we could have following...

DLavrov

What do you think about such a short trade? The price bounced from the daily downtrend line. RSI and MACD histogram confirmed the price reversal. DMI is bullish and confirms trend market conditions, but ADX line is moving down. It tells us that buyers are not so strong. If so, we can expect a downward movement to SMAs. Sell below 70.500 Stop above 70.600 Profit...

DLavrov

The price moved above the daily trend line and broken the local downtrend line. It gives us a bullish signal. The price bounced from the support zone formed by SMA100 and 134.00 support level. MACD and RSI are bullish. We can expect the continuation of the upward movement. Probably buyers will be able to start a new uptrend. Here is an example of a possible...

DLavrov

Here is an example of a possible long trade. The trading idea is based on a trend reversal at the support zone. The price and RSI formed a bullish divergence. The price broke the local downtrend line. MACD is bullish. If the buyers can keep the price above the support zone, we should be ready to see an upward movement to SMAs. Buy above 1.80450 Stop below...

DLavrov

The market should be added to a watchlist. The price is moving sideways in the borders of a triangle chart pattern. It means we can use the borders of the triangle and trading reversals. For this, we should use lower timeframes for searching for exact entry points for long and short trades. If the price breaks the resistance line, which is also a weekly...

DLavrov

The price moved above the downtrend line. It gives us a bullish signal, and we can expect that buyers will try to push the market up. For this, they have to keep the price above the support zone formed by SMA200 and the weekly uptrend line. It will be able to search for exact entry points during the next week, using different timeframes. If the price breaks the...

DLavrov

It is a very important post for those who trade altcoins and think about opening new long positions. In previous posts, I wrote about possible buying opportunities for different altcoins because the markets look interesting for buying. We have the exact support zones and bullish signals, which support buying. At the same time, it means nothing if Bitcoin breaks...