It is an example of a possible sell trade. The trading plan is based on a reversal from the resistance zone between 0.70000 and the daily downtrend line. If we look at the 1H chart, we will see a sideways movement in the borders of the price channel. So, we have to use the rules for trading in a range market where we buy from the support and sell at the...
Yesterday I wrote about Bitcoin using the 1H chart. How to trade in this timeframe and about the weird manipulated movements you can read in the post from the related ideas. Today, let's look at the 4H chart as it has interesting signals as well. The price reached SMA200, and we can see an attempt to break this resistance line. If buyers succeed with this task,...
If we use only the 1H chart, we can see that the market gives us an amazing buying opportunity. The price reached SMA100 and we have a reversal signal which can be used for buying. Here is an example of a possible long trade with the stop below SMA100 and the local swing low and the profit target at the resistance level. The idea of the trade is simple. The market...
I can offer you to look at a crazy trade, which is based on a bearish divergence. It gives us a trend reversal signal at 0.89500 resistance. The daily chart looks a little bit overbought, and it will be possible to see a correction movement to SMA100 and SMA200. Here we are talking about 0.86000 support as one of the profit targets for short trades. Now, let's...
The daily chart does not look bullish and the price is not far from the resistance zone. It means we can search for selling opportunities using the hourly timeframes. For example, the 1H chart gives us trend reversal signals based on the triple top and a double bearish divergence. If the price can stay below 1.26500 and it breaks the local support line formed...
This market should be added to a watchlist. The price reached the important trend line and a breakout above it will be able to give a buying opportunity. The weekly chart is bullish, and we can expect a new uptrend in the daily timeframe. So, the breakout signal will allow us to join the uptrend. Profit targets for long positions can be placed at the resistance...
What is going on in BTCUSD market? Let's look at the 1H chart and try to predict further price movements. When the price broke SMA200, it gave a bearish signal, and we could expect the continuation of the downward movement. But the price reversed from 9125.00USD and moved above SMA200. The buyers could push the price up, and now we can see how the price is...
The price reached the support zone formed by SMA100 and 1.06000 support level. The price action in this zone will be able to give us trade opportunities for buyers and sellers during the next week. I would like to think about buying as the price reversal, bullish signals from MACD and RSI support this direction much better than selling. If the price breaks the...
Here is another perfect setup for shorting. The price bounced from the resistance zone. The market gives us a double as a trend reversal signal as well as a bearish divergence. RSI confirmed the price reversal, and now it supports sellers. MACD is bearish. ADX line of DMI indicator tells us that buyers are not so active as before. All these bearish signals allow...
I wrote about the selling opportunity based on the bearish divergence at 1.08520 resistance. The price broke the local uptrend line and moved downward. Short trades are in profit now, and it can be a good idea to fix the profit. What's next? Now the price is not far from the support zone formed by SMA100, SMA200, and 1.05000 support level. The price action in...
The daily chart is forming a new swing high, which is low than the previous one. MACD lines and histogram are bullish as well as RSI, which also confirms the price reversal. DMI is bullish, but ADX line falls. It tells us that buyers are not so active, and we can expect that sellers will be able to push the price down. All these bearish signals support the idea...
The price has been moving sideways in the borders of the horizontal price channel. The upper level is 3.00USD, and the bottom is at 2.30USD. So, how can we get benefits from such market movement? We need to use trading strategies for the range markets. We buy from the bottom of the range and sell at the upper border. If the price breaks the border, we use a...
The market is going to provide trade opportunities based on two different types of signals. The price reached the main SMA200 and bounced from it. We have a local swing high, which can be used as a signal level in combination with a breakout. If the price break this point, it will be a signal for buying. If the price continues the downward movement, it will be...
I marked the previous buying opportunities just in order you could understand which setup you will need to wait for. Of course, there are different ways how to enter the market. But I share with you the setup which is based on the breakouts of the local trend lines in the range market and in the trend market conditions when we open long positions in the direction...
What do you think about such a long trade? The price is moving upward in the bullish trend. SMAs support the upward movement, and reversals from them give signals for buying. MACD and DMI are bullish. We should be ready to see a correction movement below SMA50 to a strong support zone. It is formed by SMA100, SMA200, and 50USd level. The price reversal at this...
Tron looks interesting coin if we talk about TA and long term trading. The price broke the downtrend line, and it gave us a buy signal. MACD lines and DMI support the uptrend. RSI is not far from the overbought zone. We will probably see a correction movement soon. It will be good for those who missed the buying opportunity based on the breakout signal. If you...
Ethereum, what can we say about this market? I think we have an interesting situation in the daily timeframe. The price tried to pass through the downtrend line, but buyers could not develop the breakout. We have a good chance to get the 2nd bearish candles with the close price below the downtrend line. The price can move even down toward SMA50, which will act...
Yesterday I wrote about how to buy in the bullish market, and I used for this the 1H chart. You can read this post in the related ideas. The price could break SMA100 and SMA200. It gave us a trend reversal signal, and the market became bearish. If we look at the 15m timeframe, we will see the bearish trend with the same trading setup, which was described for...