Let's look at the 1H timeframe and try to prepare a trading plan for this market. It can be based on the setup, when the price reverses from SMAs, breaks the local downtrend line and continues the uptrend. Look at the previous price action at SMA50. The price bounced from SMA, broke the local downtrend line, and continued the uptrend. The same market movement we...
I wrote about WTI market and possible selling opportunities in the previous post. I tried to explain why shorting makes sense. You can read these arguments in the post from the related ideas. Now, let's look at the 1H chart. We see the resistance zone formed by 40.30 and 40.00 levels. If buyers can't move the price above it, we will be ready to open short trades...
Gold is running up to ATH at 1920.80, and it looks like this high will be reached. The price broke 1800.00, another important resistance level. We did not get a reversal signal, so we can't think about selling right now. At the same time, we have the confirmation that buyers are strong, and they are going to continue the uptrend. How can we trade in such market...
I think I won't be far from the truth if I say that novice traders think about trading signals and trading strategies as the main components of their profitable trading in the financial markets. They are wrong, but they will need time and enough knowledge to understand their mistakes. It is obvious that novice traders think that if they know when to buy and...
Ethereum is going to offer us a very interesting trade. The price reached the key downtrend line. We got a bearish candle yesterday, which told us about a possible reversal. But today, buyers are active, and they are trying to move above this trend line. If we look at MACD, it is supporting a further upward movement. RSI doesn't reach the overbought zone, and it...
The price broke the daily uptrend line, and it gives a bearish signal. In spite of the bullish market in the daily timeframe, and bullish signals in the 4H chart, I think shorting will be a better idea than buying. Yesterday, we could see active sellers, and probably this week, the downward movement will be continued. The trading idea is simple. If the price...
The price bounced from SMA200, and it was a possible buy signal based on the reversal. Now that long positions give profit. What's next? It is possible to add more volume and open a new long position if the price breaks 0.2600 resistance. It will be a good bullish signal as the market confirms the uptrend by a new swing high. In order to get an additional...
The price bounced from the bottom line of a price channel and moved upward. We could open long positions from 14.60USD support zone using reversal signals from the daily and hourly charts. If you missed that trade opportunity, I think it will be better to wait for the breakout above 18.00USD resistance zone. Why is this breakout so important? As you can see, the...
What do you think about such a buying opportunity? The price bounced from 1.72000 support zone. We can see high highs and high lows, and it tells us about a possible bullish trend. Will the buyers be able to develop the uptrend? If they break SMA100, we should expect the continuation of the upward movement. How to join the uptrend? It is possible to use the...
We have the long position in this market, but the price broke the price channel as well as the whole trading idea based on it. We need another plan. The market is becoming oversold. RSI is in the oversold zone, and it can give a solid reversal signal. The price is going to reach the support zone at 0.90000 level. If we combine this information, we will get a...
The price bounced from 9000USD support and the weekly downtrend line. MACD histogram is bullish, but it is at the signal level. ADX line is going down. It tells us about a sideways movement. SMA50 is acting as a resistance line right now. If buyers can push the price above it, we will be able to expect an upward movement with the main target at 10000USD. If they...
Do you remember we discussed a possible buying opportunity in the WTI market when it moved downward, and all fundamental factors were on the bears' side? The price formed a bullish divergence, broke the local downtrend line, and we saw a strong upside movement. What's next? Now, I want to share with you my thought about possible trade opportunities and why I...
The market has been moving down since the beginning of April. The price bounced from 1.78550, and we can consider this zone as support. Also, the price formed a bullish divergence, which gives us a trend reversal signal. If we get a breakout above the local downtrend line, it will be an additional bullish signal. We will have a possible buying opportunity. How to...
Let's imagine that Bitcoin is moving up. If so, TRON coin can give us a possible buying opportunity. Let's look at the daily timeframe. The price bounced from the support zone formed by SMAs with different periods and the local uptrend line. Now the price is at the weekly downtrend line, and the price action at this zone will be able to give a trading signal. If...
I think it is the right time to look at the weekly chart just in order to understand a possible market movement within the nearest several months. The market tried to develop an upward movement, but buyers could not make a new swing high. The price bounced from 10 500USD resistance zone and moved back to 9000USD. If the price can't break the previous swing...
Here is my 1st post , which I wrote in 2016. I started sharing my trading ideas without any substantial purpose. I did not expect to reach the TOP 10. I did not think that I would get a lot of followers. I did not think about something bigger than just writing posts on TradingView. I think I started my work on TradingView first of all for myself. For me, it...
The price broke the main line of the price channel in the 1H timeframe. It gave a trend reversal signal. The market could not develop the uptrend and reach 10 000USD. Buyers failed one more time. What about sellers? They still have to break 9000USD as the support and moves below the weekly downtrend line. Will they be able to push the price downward? It depends...
Those who think that trading in both directions is obvious, I want to remind you that not always you can have such opportunities! If you think in another way, please support your statement by arguments. Let's look at the 4H chart. The price reached the resistance zone formed by SMAs and 1.70000 resistance level. If the price can't break this zone, it will be a...