Schliemann

Schliemann

Hi everyone, This trade could not be triggered and I doubt can happen overnight, so it is a low probability. There is higher chance of hitting 7.35, as it is a reasonable retracement of the last leg, but this also carries higher risk. In that case, just set TP and SL proportionally. Buy entry: 6.6705 Potential gains between 10% and 25%. TP 1: 7.3713 TP 2:...

Schliemann Updated 

Hi everyone, There is a good possibility, in my opinion, to go long for this pair. As you can see, there were 2 long wicks at the same level, showing a possible double bottom that give us a sign to look to the upside. The Fibonacci level 618 seems to be a decent support and price is retracing towards this level. The top edge of the long bearish channel this pair...

Schliemann Updated 

Hi everyone, Since the lows from December, the price for this pair has been within the edges of this pitchfork. There has been a decrease in volume while the price has been making new highs, but still there is an opportunity for going long if the price tests the lower levels of the pitchfork. 2 possible entries: 5.74 and 5.46 Potential gains between 12% and...

Schliemann Updated 

Hi everyone, As you can see, this pair is drawing a nice pattern, one of my favourites, a H&S, an inverse one and ascending. If a 4 hours candle can close above the neckline that would be in my opinion a decent entry in order to trade this pair. The ideal condition would be to wait for a retracement from current levels and see if bulls keep the momentum....

Schliemann

Hi everyone, Litecoin today is performing very bullish. I am looking at the big picture though, to have a plan according to one of the possibilities I consider likely to happen. As you can see in the chart, Litecoin has gone from its bottom like a rocket. The question here is if there is more fuel on the tank or not. The price rebounded nicely on the 50MA in...

Schliemann Updated 

Hi everyone, In my opinion there is a bear flag formation, which has been bouncing in the edges 5 times, so it is likely to break down. I will wait for a short time frame candle closing below the flag and an increase of volume in order to execute this trade , so there is not an exact short entry point, but would be around 1.00855 . Short entry: 1.00855 (Aprox.)...

Schliemann Updated 

Hi everyone, I see a possibility for buying gold, due to the proximity to the most recent support. A hammer candle is another of the signs that push for this trade. Regarding indicators, the RSI is oversold and the MACD is pointing a bullish cross, plus a first green tick appeared on its histogram. Buy entry: 1271.817 TP: 1289.697 SL: 1263.917 *Not financial...

Schliemann

Hi everyone, From a conservative point of view, I am finding 3 price levels where I would consider to enter a position in Ethereum. Could the price go higher and miss the train? Indeed, but I do not buy tops unless I see promising patterns, therefore I find more safe to wait for retracements. Looking at the chart, you can see the middle line of the pitchfork,...

Schliemann Updated 

Hi everyone, This pair seems to have found some support, as candles are showing decent wicks. Also, there are some bullish divergences from the indicators, which is showing a temporary loss of momentum for bears. Buy now ~~ 1.11350 TP: 1.11894 SL: 1.11161 *Not financial advise. Just sharing my ideas :) Feel free to give your feedback/opinion. Thanks for reading!

Schliemann

Hi everyone, There is nearby a buy opportunity for BAT, the crypto coin of browser Brave, which personally I like much and I use it over Chrome or others. Very interesting if you can have a look and appealing due to its wallet and reward system. Anyway, regarding the trade, I am following the trend and price might find support on the trend line. I have...

Schliemann Updated 

Hi everyone, The current pattern this pair is in, is likely to break to the downside. I will wait for a short time frame candle closing below the pattern and an increase of volume in order to execute this trade , so there is not an exact short entry point, but could be around 110.150. Short entry: 110.150 (Aprox.) TP1: 109.026 TP2: An ambitious 108.527 SL...

Schliemann

Hi everyone, Neo has formed a double top around 14 dollars, therefore I consider the chance of a retracement. A buy opportunity might come, starting from the 50% Fibonacci retracement. For less risk and major gains, I find more appealing the possibility of the 61.8% retracement, therefore I open a buy order at that level. Buy entry: 8.63 Potential gains...

Schliemann

Hi everyone, There is much uncertainty right now about the next moves for Bitcoin , and for the whole crypto space. I can guess the dilemma for most right now: Is this a retracement (a discount for buyers) or the beginning of a big sell off? In any case, even if you are bullish , I would have in mind that parabolic moves can not go just vertical forever. Even...

Schliemann Updated 

Hi everyone, Following my previous trade, in the 4 hours chart, the pair acted according to the plan. If you read that one, there are still targets further down and you know the reasons behind that trade, still active. Now, zooming in, in the 1 hour chart, in my opinion there is a bear flag formation, which has been bouncing in the edges around 5 times, so it is...

Schliemann Updated 

I do like the pattern that has formed in this pair. I see a chance for the Euro to go long, at least try to reach the next resistance. The economic data affecting the Dollar has not been positive today, so this can push the pair up. Long entry: price range 1.12100 - 1.12250 TP: 1.13203 SL: 1.11316 *Not financial advise. Just sharing my ideas :) Feel free to...

Schliemann Updated 

The last closed candle suggests a possible rebound from the support area, highlighted by big green volume. RSI shows an oversold area and MACD is approaching a bullish cross. There was a gap which has a potential to be filled at some point, so I choose a risk reward of aproximately 2 for this trade. A bit risky trade due to the current downtrend, but the signals...

Schliemann Updated 

Short entry: Aprox. 1290.1-1290.806 TP1: 1268.428 TP2: 1255.606 SL: 1300.856 *Not financial advise. Just sharing my ideas :) Feel free to give your feedback/opinion. Thanks for reading!

Schliemann Updated 

Hi everyone, This way of looking this pair has been generous to me. First we had that long MACD bullish divergence, followed by a clear RSI bullish divergence. I remember when XRP looked like a dead coin, and suddenly, following those 2 strong divergences, it raised violently. Same process, but the other way around, while the price was going up. Easy to identify...