DLavrov

DLavrov Updated 

I think it can be a profitable short trade. The price bounced from 1.12000 and broke the local uptrend line. It gave us a trend reversal signal. RSI confirmed the price reversal. MACD supports a possible downward movement. DMI does not tell us that buyers have the power to push the price upward. We have a sell opportunity. Entry Price: below 1.11450 Stop Level:...

DLavrov

The price is at the support zone formed by SMA200 and 137.000 support level. The price action in this zone will be able to give us interesting trade opportunities. If you look at indicators, we should be ready to see a reversal and an upward movement. RSI confirmed the price reversal. MACD histogram confirmed the price reversal as well as the possible upward...

DLavrov

The market bounced from the support zone between SMA200 and SMA100. We got a possible buy opportunity based on the reversal signal and a new swing low. It will be used as a signal level for a case if the price continues the local downtrend. The breakout below SMA100 and 8400.00 support will confirm the downward movement to 8000.00, 7500.00, and the main support at...

DLavrov

The price reached the downtrend line, and the market will be able to give us trade opportunities. If the price bounces from the downtrend line and breaks the local uptrend line, it will be a sell signal. Stop orders for such trades must be placed above the downtrend line and the local swing high. The profit target should be at 0.62050. This trading idea is...

DLavrov

The price bounced from 0.83000 level. We have a bullish divergence which gives us a trend reversal signal. If the price can break the local downtrend line, it will confirm a possible trend reversal. RSI is bullish, and it confirmed the price reversal. MACD histogram is bullish as well, and MACD lines are going to support an upward movement. DMI does not tell us...

DLavrov

Here is a possible trading plan for this market. If the price breaks the resistance zone formed by the local downtrend line and 20.00 resistance, it will give a bullish signal. At the same time, the price will move above the previous swing high. Now we have higher swing lows, and new higher high will confirm a new local uptrend. What do you think about such...

DLavrov

The price broke the local downtrend line and moved upward. SMA with period 200 could stop the upward movement. We should be ready to see a pullback to 220.00 support level. RSI and MACD histogram looks bearish. The breakout above SMA200 will confirm the strength of buyers and the further upward movement to SMA100. It will give a buy opportunity. ...

DLavrov

The market dropped a lot, and now we have a possible reversal signal. The price reached SMA200, and we got a reversal candlestick pattern. RSI is going to confirm the price reversal. If the price can stay above the low of the signal candle, it is possible to search for buy signals using the daily and hourly charts. Stop orders must be placed below 52.00...

DLavrov Updated 

Yesterday I wrote about Bitcoin and possible market movements based on the daily timeframe. In order to see the whole picture, please, read that post. You can find it in the related ideas. This time, let's look at the 4H chart, where we have a trend reversal signal. The price, RSI, and MACD histogram formed a bullish divergence. It tells us about a possible...

DLavrov

Here is another market where buying looks more interesting than selling. The price broke SMA200, but bounced from the support zone at 16.500 level. If the price moves above SMA200, we will get a false breakout and a possible buy signal. RSI is going to confirm the price reversal from the support zone. We can search for exact entry points using the hourly...

DLavrov

The price reached the support zone formed between 67.000 and 66.325 levels. The market gave us a gap and a strong bullish candle after that. The price bounced from the support zone, and it gives us a possible buy opportunity. The market made a good downward movement, and a correction wave will be logical. RSI tells us that the market is oversold. The reversal...

DLavrov

The market will be able to give us the perfect sell opportunity. The price made a huge upward movement without pullbacks. The market is overbought. The price reached a resistance zone formed by 1.70000 resistance level and the upper line of the price channel. RSI reached the overbought zone. Reversal signals from the daily and hourly timeframes can be used for...

DLavrov

I wrote about the exact sell opportunity based on a trend reversal signal. This trade was closed by stop orders, and you can read details in the post from related ideas. In spite of the failed short trade, the market stays overbought. RSI line is in the overbought zone. The price stays below the resistance zone. This market stays interesting for selling. We...

DLavrov

If Bitcoin does not fall, this market will be able to give us a new buy opportunity. The price reached the support zone formed by SMA100 and SMA200. We got a local swing low. RSI confirmed the price reversal. The same goes for MACD histogram. We have a buy signal based on the reversal from the support. But in order to get an additional bullish signal, it will...

DLavrov

The price is not far from the support zone formed by 220.00, 200.00, and the uptrend line. When Bitcoin reverses and starts a new upward movement, reversal signals from the support zone in this market will be used for buying. The breakout below the uptrend line will push the market downward. But SMA100 and SMA200 will be the 2nd support zone which will be able...

DLavrov

The falling slowed down. The price could move below SMA200, but in spite of this, sellers have fewer opportunities to continue the downward movement. We have a strong support zone formed by the local support level, SMA100, and 8000.00 round number. I think it is possible to expect a reversal from this zone and a new upward movement. Reversal signals from this...

DLavrov Updated 

The market made a strong upward movement. We have a trend reversal signal based on a bearish divergence at 1.77000 resistance zone. RSI confirms the price reversal. MACD supports a further downward movement. We have a possible sell opportunity. Entry Price: below 1.76280 Stop Level: above 1.77155 Profit Level: at 1.74075 Risk per trade must be no more than 1%...

DLavrov

The price bounced from 10000.00 and moved downward. We got 3 strong bearish candles. They confirm the strength of sellers. MACD and RSI support the downward movement as well. The market is bearish, and we should be ready to see the further downward movement to the important support lines and levels. The price reached the 1st support line, and it is SMA200. Will...