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Entry

(4/4) CUP n HANDLE 85%, ENTRY OPPORTUNITIES AHEAD!Bulls play to 12K and beyond! If we can just break past 10300.... We are just starting to make a handle, and maybe starting the bottom. If there is another significant impulse that pushes and keeps us below 8150, then the teacup pattern is unreliable. I think there is a good chance that the price will continue to climb. If we can finish the handle pattern, the next resistance levels are at 11500/12000/13900. I think 11500 is highly likely, 12000 also possible, with 13900 unlikely. There are two possible trades, an aggressive one now, and a more conservative one after the handle finishes a bottom. Aggressive entry NOW until friday 8150 stop Profit: Target1 : 11500 - 11800 Target 2: 13800 Target 3: 20K Patient entry @ 10300 stop @ 9600 It's important to let price test the previous high. If it falls short significantly, the price could collapse quickly. You also get the benefit of seeing more price action for confirmation signals. If the price hits 10300 and starts to break several supports, then the pattern is invalidated.
Long
by pokp
1
200 EMA - best use for entries!I don't use indicators, they're not my style, they lag, they repaint; and in my opinion they don't work. The 200 EMA on DAILY can be useful because of how slow it is. We can use it to filter the direction of which way we trade. Price ABOVE 200 ema = ONLY BUY Price BELOW 200 ema = ONLY SELL Then drop timeframes for your entries via your strategy whatever that may be. If your strategy says go long but price is below EMA, don't take the trade etc... Ignore the EMA on other timeframes lower than the daily. You want a slow daily direction indicator. Don't blindly trade this, wait until price is clearly past the EMA and maintaining a good distance from it. Use it as a guideline if you struggle working out fundamentals to help you filter a direction to trade. NOT TO REPLACE FUNDAMENTAL ANALYSIS!!!
Education
by joebrownFX
My sell trade entry on CADJPYDear traders, I posted a downward prediction on CADJPY. I found my perfect entry with TP and SL. I am sharing this among you guys. Good luck!!! ENTRY: @82.310 TP: 81.215 SL: 82.675 __________________________________________________________________________________________________________________________________________________ Guys if you like my ideas, please drop a like and follow me if u like my trades. Post comments about your idea too. We can manage the trade together. __________________________________________________________________________________________________________________________________________________ DISCLAIMER: __________ This is just my personal opinion. Every trader is independent. Every trader has the freedom to place a trade in any direction. Thank you for your support, FX Specialist
Short
by ForexSpecialist
BTC The best things come to those who waitWith everyone screaming long, 16k, ATH, Bull Run, Parabolic... Pour yourself a glass of your favourite smooth bourbon on the rocks. Sit back, zoom out and slowly take a sip. There's no rush. Just look at the volume profile. Place your long orders below 5k. The price should go a little lower than that for the entry of champions. Check back next week. Go enjoy your weekend. If you don't subscribe to CryptoRhythms indicators, check them out. On this chart is Dynamic RSI zones Telegram: t.me or check out the TradingView page for a whole suite of free or professional indicators www.tradingview.com
BNC:BLX
by paulflint
BTC break out in 24-48 hours, 10 days, 1 monthWow what a ride! We saw BTC test the 5 years ascending trendline twice now and both times it held, though not without a fight the first time. After touching down a second time the price went fairly viral and has been running on an impressively strong 10-day ascending trendline now. That little trendline is so strong that we broke through the top of the channel of our 6 month descending channel 4 times now! This is the most it has flirted with crossing this line since this trend started. There is a chance this little 10 day trend could end up being a lot more but right now BTC is about to have to decide between retaining this steep run or subsiding to what appears to be a top of channel (sub descending channel) sitting in the top quarter of the 6 month descending channel(Magenta lines). There is just one catch here, the top of this sub descending channel appears to be above the top of the 6 month descending trendline. This is a very interesting formation and difficult to predict how it may impact either trend. Here are a few of the more probable outcomes and time frames I see from here. Either way we are still set for a nice run coming very soon for BTC, one similar to last year first half of the year but hopefully a bit bigger. ------------------------------------ #1 These Magenta rails hold the channel and zig-zag us down to the low $7k’s at by end of January. We test the 5 year trend line one more time before busting out of this (then) 7 month descending channel and the major rally starts somewhere around the first week or two of February. #2 The top of the magenta channel combines with the historic support/resistance (yellow line) @ $7810 to create a wedge. We would then break out of that wedge as traditional somewhere around the last 30% of the shape. This route would have a break out around the 25th of January. There is a possibility that this breaks down, touches the 5 year trendline again at around $7200 and then follows the same route as #1. There is also the chance it breaks up here and we start our run around 25.Jan. #3 This 10 day trendline has enough umph to push through this descending channel now. We will probably come back and firmly establish top of the old channel as support before doing one of two things, Either breaking out sometime in the next 24-48 hours or pulling a classic of riding down the top of the old descending channel until it intersects with the 5 year again which could push the break out to be late February before it can stage a breakout. ------------------------------------ So possible break out in the next 24-48 hours, or in then next 10 days, the next 30 days or absolute worst case, March. Look for which one of these scenarios appear to be forming to get a better idea… There are a lot of possibilities here, trying to predict whats next in the short term versus medium term is quite difficult, these seem the most plausible but I will update if it looks like we see something else starting to form. Every time we touch the 5 year trendline I see it as a huge opportunity to go long leveraged and add to my long holdings. Our mid-December low may be the last time we ever see BTC that low. We should also be reminded there is a chance we retain this 6 /7 month descending trendline and break the 5 year trend. I would consider an exit to the sidelines in the event we have a confirmed break of the 5 year ascending trendline. All of these are observations I made in my analysis of BTC trends, they are not investment advice, you should do your own research. Short term trading pro-tip Use depth of market! Here is a quick capture of the books action, look at the spike in bids on the 10th followed by this recent run. For shorter term trading, scalping and swing trading, I like to rely more on market depth.
COINBASE:BTCUSDLong
by EncryptShawn
1
The EURJPY ran into resistance and is primed for a fallThe EURJPY has pushed headlong into resistance around 119.95 (previous daily high) and cleaned out a few stops above the level. We expect to see some sellers jump into the action for a move lower to test and potentially break the 119.150 higher low zone. Time to set the trap and squeeze out some buyers so watch for a shoulder entry short for confirmation. * If you enjoy our free content, please follow our profile, by hitting the Follow button, at www.tradingview.com to get further high quality ideas. ** ** Any comments and likes are most welcome and will be greatly appreciated. ** ** With high quality alerts and correct Risk Management, you can learn consistency and grow your account **
Short
by TradeTheStructure