Hello, Traders! Let's talk about Bitcoin. The asset is moving between two zones: $17600-18245 Buyers Interest Zone $18800-19420 Sellers Interest Zone In case if the scenario, which was used by market-makers in May will repeat, the price can test the level of 18800$ collecting stops of buyers and those, willing to short. After that, we might see the...
Hello, Traders! LINK started a new market cycle and now it is going through a correction phase after the first growth phase. The main zone of buyers' interest is in the range of $9.75-10.95 Entry in the trade can be made in two parts: near the Fibonacci correctional level of 0.618 - $10.74 in case the price enters the Buyers' Interest zone; near the...
Hello, Traders! IOST is in the main trading range of $0.005150-0.006126. Dynamic support for the price is provided by MA100 on the daily timeframe. The local buying liquidity buffer is in the range of $0.005550 - $0.006126 where you can accumulate the first part for the long position. To reduce the risk in case of a sharp dump, the second part of the long...
Hello, Traders! I want to share a potential trade that I would be following. BAND completes the accumulation phase, which has been going on for 83 days since September 16. Buyers' liquidity is held between $6.38-7.38. Dynamic price support is provided by the MA100 on the daily chart. RSI moves into the bullish zone above 50 In order to secure the transaction...
Hello, Traders! Today I will explain how to use a trading strategy based on correctional Fibonacci levels as simple and rational as possible. Using the ZIL example, we will highlight the period from November 4 to 25, where the price has entered an uptrend. Our task is to stretch the Fib retracement from the beginning of $0.01666 until the end of the uptrend of...
Hello, Traders! Long time, no hear from you! LTC has been accumulating for more than half a year since the beginning of fall at the end of April. There is an increased trading activity on the pair, which indicates the interest of buyers. The MA100 on the daily timeframe supports the price. RSI on the daytime timeframe has moved to the bullish zone and is...
Hello, Traders! After the rapid growth, the market went into a correction. The price drop interrupted the buyer's liquidity buffer in the range of $480-520. On the weekly chart, we clearly see a bullish correction of the entire upward movement from September. The price has tested the lower bound of the trading range 488-626$. To continue the ETH altcoin...
Hello, Traders! Let's observe the potential deal we might see in the SXP/USDT market. The asset is in the consolidation zone and has long been behind the altcoin market. The MA100 on H12 timeframe acts as a dynamic support. RSI values on H12 timeframe go into uptrend and are in bullish zone. In order to reduce the risk, the entry can be made in two parts:...
Hello, Traders! Most of you have heard about Fibonacci Retracement, some of you saw it and some even tried to use it on their own charts. So today I am going to explain how to use this instrument correcly. Traders use the Fib Retracement tool in order to determine the nearest correction levels on the chart,. If your task is to find out the nearest correction...
Hello, Traders! After long attempts to pass the resistance level of 18800 $ Bitcoin went into a correction to the support levels. As we can see, the trend's acceleration ceased as a result of breaking the trendline growth from 15800 $, the price fell under the MA100 by 1-hour timeframe and formed a downward trend on the indicator RSI. Now we can distinguish...
Hello, Traders! Tezos has passed the correction phase and finishes the accumulation phase in the range of $1.84-2.22. Typically, an exit from such an accumulation does not end with a small upward movement, so we have a chance to take part in the emerging upward movement! We can consider entry in the deal in the range of $2,22-$2,28. SL under 2.08 $ ...
Hello, Traders! ZIL accumulates strength to continue the rally. The asset has been accumulating for 75 days and now leaves the consolidation zone of $0.01495-0.02105. The MA100 on the daily timeframe is strong support, while RSI moves with price in an uptrend We can consider a potential deal with great Risk/Reward 4.1 I look into opening a position on the...
Hello, Traders! Take a look at the weekly chart of ETH/USD, where we see how the downtrend was broken in April this year. At the same time, reaching the level of $195, as well as the support of a 100-day moving average gave a start to the altcoin season in May. In July, the price went beyond the new price level of $308, and later in September it was tested,...
Hello, traders! The DEFI hype continues to expand as well as the prices of assets. Let's consider the entry points for those who didn't do it at $99. COMP tested a strong resistance level of $125 and went into consolidation. We can consider entry points at two levels : The first between $117-122 The second after the price went over $125 In this case,...
Hello, traders!. Today we will examine how Moving Average can be used as a tool in trading. Moving Average is one of the most famous and popular coin filters. The most straightforward application of MA: 1) Defining the trend. Uptrend If MA is upward, downtrend if MA is downward. 2) Determining the strength of the trend. The greater the deviation of...
Hello, traders! It's been a crazy week and it's time to make a round-up on the major indices. After passing the psychological mark of $12 000, Bitcoin started demonstrating rapid growth. The key reasons for the growth are: USDT emission in the total amount of +7.5 billion between September 1, 2020, and today; a large number of open short positions that...
Hello, Traders! After the dump, the price of COMP returned to the active trading range of $89.83 - $99.22. The price has now entered an uptrend after collecting the liquidity of buyers. The price is supported by the MA100 on 4H timeframe. A low-risk trade can be considered after the price is fixed above $99.22 after its retest. The targets will be at $110 -...
Hello, Traders! After correction of the uptrend, LINK tested the level of $8.38 and continued its movement following April's uptrend. Currently, the price is testing the upper active trading range limit of $10.25-12.85 - namely, the level of $12.85 MA100 on the 1D timeframe acts as dynamic price support. It would be interesting to enter the upward movement...