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Bounceup

GOLD Up-Trend Continuation (1HR)Hey guys - this is a quick update from my last gold trade idea, looking at a shorter timeframe. We can see that there has been a strong bullish candlestick pin-bar which has rejected the support zone, this is a signal indicating us to re-enter our long position - after we took profit from the last move. Geopolitical tensions are all over the place worldwide - This means that safe havens like XAU and the YEN are still rational moves for investors looking to store value. I have found that Gold likes to move in sharp, yet heavy moves - then it begins to consolidate - retest support or resistance and then the market makes its next move according to the current trend. We can see this pattern here. Losses can exceed initial deposits when trading market instruments. You can manage your losses by using smart risk management. Identify what your entry, Take Profit and Stop Loss levels will be before you enter a trade. Stick to your trading plan, no matter the market conditions. If you stick by a smart trading plan you can substantially reduce your exposure to losses - however you can never 100% avoid a loss in trading. It will always be a risk no matter your luck, skills and discipline.
OANDA:XAUUSDLong
by StirlingBishop
USDTRY Long Idea This is an active trade i have going on. I think that this pair may push up to higher highs pretty soon as long as price pushes out of this triangle shape that it seems to be respecting. The reason why I am expecting this pair to push up is because this pair has had a TK bullish cross on the 1hr level as well as the 4hr level. My entry was at 6.0639, three periods after this pair had its bullish TK cross and it is in profit. What I want price to do is for it to crush the 4hr flat kumo level and break the resistance line of the triangle. Once this happens, I fully expect the USD to go past the $7 level. If these events happen then this pair could also push out of the kumo cloud on the daily level. If price is rejected at the 4hr kumo cloud, setup may still be valid as long as the ascending support line is not broken. Entry: 6.0639 SL: 5.895 TP1: 6.458 TP2: 6.8 TP3: Past $7 level
Long
by aldairhernandez30
gbpaud long 8.2Looking for a trend line bounce on this pair. Accumulation taking place around the 1.802 - 1.805 level. Entry placed at 1.804 with a stop loss at 1.7995. Price is far from both TK -2.41% and KS on the 1hr level and I want this pair to rise up to both of these levels around the 1.809. If price rises to this level, the 4hr outlook on this pair should see this pair use the 1.809 level as support and push up into the kumo cloud. If this pair breaks the flat kumo level of 1.8155, I will look to hold this pair for a while. Both the Daily and Weekly timeframes are in a bullish outlook for this pair. Take profit for this trade is a bit open due to the fact that price can make a TK -2.41% cross on the weekly level and maybe push price past April '18 highs. Possible teacup and handle on the monthly level also could push price to higher highs. Entry: 1.804 SL: 1.7995 Possible TPs: 1. 1.81576 2. 1. 83912
by aldairhernandez30
NZDUSD LONG SCALP 8/24Low Risk scalp trade I took last night before bed. Caught around 40 pips on this move. With this trade I was looking for a Tenken Sen bounce off of support and for price to meet Kijun Sen on the Daily time frame. Analysis: Price was respecting support trend line drawn underneath on the 1H time frame. 4h time frame showed price had dipped into the cloud but was rejected (indecision candle). Daily time frame showed price around the Tenken Sen (Red line) with a long wick to the downside. With all this in mind, I was expecting price to test Kijun sen (Blue line) on the daily time frame. Entry: .66521 SL: .6635 Target: .66967
by aldairhernandez30
BTCUSD Confluence of Support Bounce Probable??????? We have a huge confluence of support right here. We are testing the trendline from the December High. It also is right were the current upward trend from June is along with price resistance/support lines. If you look at the daily chart there is currently at a huge confluence of support and it is likely that we will see an bounce or a reversal of this downward move. When we broke out of the resistence from december we never tested it as support therefore the price needed to come down and test that same trendline that was resistance for so long. So there is a high probability of a bounce. I hope we reverse on this bounce and continue up. I am not sure which way we will go, but if we go down below 6k I believe we will follow this trendline from the December high down. This trendline is the thin orange line that is extending from the green pennant trendline from december high. I am not saying this will happen but if it does I am putting a target between 2.9K and 4K. But until we break below are current trendline I am expecting a bounce in the short-term which could be wave 2 or 4 of an upward impulse meaning the move can't be over. Others think this is a correction from the downward, but with this impulse reaching 8400 it should have invalidated most of those bearish counts. So whats next move????? There is one other count where we just move sideway with lower highs
BITFINEX:BTCUSD
by bdfulker2
QTUM/BTC - Is this already the bottom that we were waiting for? Hello Lads and Ladies, Today we will be taking a look at QTUMBTC. A very interesting coin with high potentials. Nevertheless the key question is as always, when and where. To keep this just as long as it needs to be, we will take a look at the daily chart. Here, we can see very easily that QTUMBTC has been in a very steady and strong downtrend since the beginning of the year and has not bounces many times. Right now we are it hitting at substantial support lines, which tend to be questioned and broken in the last few weeks. To have a better understanding and look at it we will change now to the 4h chart - Here we can see the outtake of the last month on the 4h chart. It shows us that the downtrend is strong and we have basically one bear flag after the other respecting support lines for a few days and a strongly decreasing volatility. Once again we are right now within a new bear flag that we are basically looking to break towards the next support and buy zone. This buy zone is set there because it strongly looks like that it is very likely hitting a strong support and an historical average range from which it has been experiencing huge bounces. To be more exact, we are right now at the area of 105k satoshi and are looking to hit the next support of 98k. In favour of this support we have as well a strong psychological support at 100k satoshi. Buying QTUMBTC in this area would actually be a good starting point for a long term (4-6 months) investment, since the long term targets are way above 500% for QTUMBTC. Nevertheless, we are looking for short term trades and a trade off this support line with a relatively tight stop loss is looking pretty good. Depending on the market moment and the structure it creates, the targets lie between 7% and 24%. Now, taking a look at the indicators, which depict the historical average range mentioned before, we can clearly see them being in high favour to our expectations. Looking at the 4h RSI, we are right now located at 33points which leaves us still a little space to the 20 point line, which has been letting QTUMBTC bounce many times before. Taking a look at the Stochastic RSI, which basically gives us a glance behind the scenes of the RSI indicator, we can see it being located at a pretty high level, which shows us that it is very likely for it to go down. Here the expected bottom of the Stoch RSI would be equivalent to the 20point RSI and the range of 100k to 98k satoshi. Yet, why should we be seeing a bounce now? The daily indicators, show us the reason. Looking at daily RSI we are located at 22 points which is very near the 18point line, which almost always lets us expect a bounce of at least 20%. Moreover, looking at the Stoch RSI we are very clearly at the bottom, even about to form a double bottom, speaking in favour of the expected bounce. The small range of the daily indicators are exactly equivalent to the little range o the 4h indicators, which would then give us multiple timeframes being located at a very substantial bottom and very strong supports. IN NUMBERS - - BUY @100k-95k - SELL @105k - 111k - 120k - SELL @leave a small chunk for above 120k if it still looks bullish. - SL @92k-90k Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins. Fell free to request TA for ANY coin you are interested in!!! Cheers, Tomas
Long
by KongTrading
2
$NEO #NEO - THE BOUNCE - WHERE? WHEN? HOW MUCH?Hello Lads and Ladies, This is the more extensive analysis of this day. We will be looking into NEOBTC and see what possibilities we have. The price right now is extremely good and if the market doesn't bleed again, we will see a bounce. The question here is How big will the bounce be and when will we see it? Alright, first let us take a look at the chart and see what happened. The blue dotted line is a very longterm descending support and resistance line, on which NEOBTC has been pushing through and crashing down. The horizontal green line is a very store historical support line, which has also been acting as a resistance even further back. The red horizontal line right above it, is the resistance that needs to be broken before a new push from the "BUY ZONE". In the recent period we can see NEOBTC failing to break the blue dotted line and so coming back to the buy zone again. Last time failing to break it, it started heading south to a new support, hitting through the previous support as if it has not been there. Of course, the whole market situation had some strong influence to it too but this was the case for many coins and one of the reasons why the whole market "crashed". The new support, it has found happens to be the 127.2% fibs retracement line. **(Side note, look at the coins in the market and you will see that they are mostly already sitting at their new support - this lowers the chance of a third "crash")** Sitting at this new support we have basically two options of a bounce and where it might be headed to. The first one would be to where the red horizontal line crosses the blue dotted line, which in my opinion wold be only able, if Bitcoin and many others experience a big bounce within a few days - this is likely to happen but I would not rely on that, because it is still kinda shaky and peoples' attitude is around 50:50 for one more bloodbath or big push. Therefore, the second more likely bounce would be heading to the point where the blue dotted line crosses the green horizontal line. This will be an important time to watch it. Should NEOBTC decide to break this point, we will be heading to the red dotted line, which has been acting like a intermediary support and resistance line. This, of course, after successfully leaving the "BUY ZONE", where we might see some sideway movement. ANYHOW, does NEOBTC NOT break this point it will head towards the support again, and since there is not much space left, there might happen something cringe but I will make an update if something like this would happen. Should NEOBTC break the red dotted line, then we will see a nice push even further, where exactly this line will act as a new support. Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins. Fell free to request TA for ANY coin you are interested in!!! Cheers, Tomas
Long
by KongTrading
1
Retracement about to End to continue the Rally?Hello guys After BIG rally, then retracement, BTCUSD seems is having a bounce back to continue the Rally.. Let's try to catch this movement. Price is Currently bouncing back up from 20 EMA AND 100 EMA, and if it makes a new previous day high, it can easily reach 10K level (our T1) and we can be pretty confident that if this pyshological level is broken, many buyers will join the party :)! Our ENTRY POINT IS CONDITIONAL if the price is reaches (9,500) Remember to take part of the profits on each Target and once reached T1, don't forget to update (move) your SL so at least you end up breakeven, MT Alberto
BITFINEX:BTCUSDLong
by KarySah
ETH to reach new All time highs?Hello Guys ETHUSD had a rally in the previous days then had a normal retracement. Current price action is showing an bounce up from the 100EMA adn 200EMA (Extremely Important levels) which is giving us a nice entry. I really like the pattern formed with the retracement. If ETHUSD can reach our entry level then is a trade for us. This new rally that could start can bring us to the a new ATH with no doubt. Let's try to buy the dip when our price reaches our entry point Don't forget to take some profits while reaching different targets. Once you reach T1, don't allow the trade to be a loser one and move your stop loss to Breakeven. PS: As you may know, no matter how good your technical analysis is, anything can happen in the markets so the only way you can do is to control your risk by keeping tight stop losses
COINBASE:ETHUSDLong
by KarySah
1