example of how a BCR down looks and how you can identify it
BCR strategy could be very powerful to identify possible down or up entry points, this trick can help you to improve your trading strategy by a lot
lets zoom in a bit our monthly chart to a weekly chart to see your monthly levels closer this is were the EMA 200 come in place to help us identify better the trend note importrant indicators white line MA20 Red Line EMA 50 Blue Line EMA 200 those leves are going to be very important to follow the ideas I am sharing to you
other technical indicators we can use to verify the levels where our dynamic supports or resistance are placed would be trend lines here you can see two powefule trend lines that has been acting as strong levels for long time
here we can see how those MA or EMA works as a very strong magnets for price and how can we prepared for possible outcomes
example of price breaking out MA 20 to find support at EMA 50 at the moment MA 20 is holding the price, but we can see a spike to touch base on EMA 50, those MA and EMAS act as magnets for price and can help us to find very good entry points in a long run price must be above MA 20 as price direction and above EMA 200 and 50 as dynamic support levels! letter on...
important levels monthly chart to keep an eye on. MA 20 Monthly chart strong dynamic support or resistance, level used for institutions and investors to determine the direction of the price long term EMA 50 Monthly chart strong dynamic support or resistance, used to find good entry points after the breakout of MA 20
price over extended of MA 20, making a complex pullback to touch base again en MA 20 to keep going with the trend. EMA 5 (yellow line acting as dynamic resistance, confirmation to keep going with the bullish trend would be price closing above EMA 5 (monthly chart) waiting for confirmation to place long position
1D Chart BTC-USD nice BCR (Break, Close and retest of the upper line of the triangle, multiple support zones holding the price! our confirmation would be price closing above 50K 1D chart!! we were expecting the retest for some time, now is playing out! price has to hold the upper line of the triangle and the support zone to go high, trade safe!
BTC 4h possible cradle pattern formation!! possible reversal on price!! look for setups to buy after the breakout of the pattern! stop loss must be under breakout line!! trade safe
BTC - USD Update! hello guys!! as we see price has closed a candle below EMA 50 1D (red Line) that is a call to touch base on our buy zone (48K to 50K) there is a possibilitie to see a strong movement to go a bit lower, for now the last high (green line on chart) is holding the price this scenario would change if we close above resistance zone at 59K upper yellow line!!
DOT - BUSD LONG v shaped recovery pattern DONE cup and handle pattern in process 1D Next Candle could close below EMA 50 1D, that would be a call to retest EMA 200 1D and a perfect setup for the C&H formation! if the price retest EMA 200 (Blue line) I am expecting to see a strong bounce to breakout our resistance zone making newer HH if the price close below...
BTC 1D chart! we could see a retest of EMA 200 1D (just if the price close below EMA 50) just if we see a full body candle closed below EMA 50 1D if the price close below EMA 50 our Best Buy would be 52K to 50K, that would make a HL in price action, perfect entry (risk reward ratio) trade safe
price has made the BCR (break, close and retest EMA 50 and 200 daily chart (forming the golden cross) now those levels are acting as dynamic support!! looks getting ready for next move up!! only way to change the strategy is price closing full body candle below EMA 200 daily chart!!! right now very good risk reward ratio!!
ENJ - USD right at support zone!! dynamic support at EMA 200 daily chart looks really good for longs!! Daily chart!! it will take some time to play out!!
If BTC breaks the channel we could se downtrend movement to our next zone of support same as EMA 200 4H. that could be a good point to wait for a long set up! if the price does not break the channel, wait to see price closing above EMA 20 4H to go long
MATIC - BUSD v shaped recovery take longs to targets on chart! stop loss must be under breakout zone!!
price has broken EMA 50 1D (strong dynamic support or resistance level (now acting as support) you can take longs once the price gets above EMA 8 4H and take profits at the upper line of the triangle. if the price breaks the triangle we can take longs again to target levels! if the price goes down at this point (best entry points would be 3.2 to 3 USD per...