Too many people are saying sell the news. Respect of ATL has been demonstrating an upward trend for 3 months now. Fib extension target is 2400
All I'm hearing is ETH will dump, Sell the news. We dumped yesterday on CPI figures. Change of the tide in Ukraine could change market sentiment. ETH merge has been planned for a long time so 99% chance of it going to plan. I will Buy after seeing a bounce off the bottom of the DTL - descending trend line. 30min
Playing with pinescript to draw fractals by comparing current bar to previous 3 bars. Looks promising except very big bars often precede a pullback.
i wanted to create an indicator for showing the trend on a 15minute chart that doesn't change when the time scale changes. The orange here show uncertainty and a possible direction change. This uses only VWAP and moving averages. Of course it's optimised for the recent history so will be watching to forward test it.
I'm guessing that the POC of this range will check this up move around 47055. It's been a very strong move rising 37% from the low two weeks ago.
EP 43055 at weekly level. SL at 43525. 5 targets 20% each TP1 42000 TP2 40981 TP3 41420 TP4 40990 TP5 39666 All trades risk = 1% of account
I haven't looked at charts for over 12 hrs and there's been a 15% rally in the last 24hrs. Up move capped by previous month POC Bitcoin rarely moves in a straight line so I'm looking for a short. 2 entries at 50% and 618 fib level. If it retraces. This is very bullish to break 40K so target is POC of the most recent range. I'm planning on leaving 15% open for...
Short EP 38071, SL 38340 = D+150 TP1 37864 tp2 37657 tp3 37430 tp4 37091 Long term descending trendline is back in play at 618 fib level. Price has also just stalled with resistance at daily level 38190 Entry is dependent on a small 618 fib retracement from last 2hrs
Long from weekly level confluence with VAL. Entered at 36578 SL = 36100 =low -100 TP1 1/4 at 36942 TP2 1/4 at 37417 TP3 1/4 at 37775 TP4 1/4 at 38134
I've just opened a long. Plan is to reverse to a short at the red box with a target at the green box. The short expects resistance from the long term descending trendline. The ascending trendline has the potential to form a bump and run pattern.
Running into resistance from Descending trendline from December Low volume so not expecting this to be broken on first attempt - maybe 3rd similar pattern to last trade but more patient with the entry this time after US open
No trade. Price at middle of range. It's a 50:50 for a long or short on the 4 hr chart.
Daily chart shows a clear down trend from Nov high of 69K. Recent low of 32900 and an uptrend for last 6 days Blue lines show recent trading ranges. My plan is to trade the charts at the blue lines. Looking to sell the tops and buy the bottoms. and leave 15% open to catch any long term trends that develop. no trading today on Sunday
This is the first entry in a challenge to journal 25 trades to create a data set (of 25 trades). This firsttrade is a short trade from the high of a range after seeing a change in market structure on 30min chart. we've just seen 3 slightly lower highs. entry is at the POC of the mini local range entry just happened all these trades will be on Bybit BTCUSD
Chart here shows the calculated low using the fibonacci extension tool 100% level. Start with the high on a weekly chart from 12th April. Simply click on the three points and it calculates 32919 as the low. 32903 was the actual low. The difference is only $16. The high was 37600 = +13.8%. That's what I call a reaction. A fine trade idea to use leverage on with a...
This shows all the major changes of trend that have lasted 2 months or longer. It's very simply a RSI(14) on 2D bars. The upper band is 55, lower band 45. The ATH is marked beforehand by bearish divergence.
0.382 fib of ATH meets uptrend at weekend.
BTC hasn't had a decent retracement for over a week. This not only means it's due for one but it also means many that missed this move are waiting in the wings to buy any dips so downward moves are not going to be one way traffic. I'm expecting a move to the midpoint of these channels but it wont happen quickly. 36,675 is also an area where resistance can become support.