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WEDGE UP OR DOWN?We've seen situations where it wedges up and it PUMPS or the classic break & retrace. I'd be more bullish on a downward wedge but, it LOOKS like we're gonna retrace a bit. Anything could happen and the market will do what it does. This is just one perspective of MANY possible outcomes. My level for entry is 6430~ but, ladder your stops and be sure to choose proper risk management. It's a rather huge wedge so if 6430 doesn't hold then, we gotta hope 6200 & 6100 hold.
by hossdelgado
AUDNZD / D1 : Low risk entry spotted ! Momentum confirmed todayHope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. All my scenarios and portfolio managements are explained in a daily basis on my Youtube channel. You'll find a link to get there in my profile signature here : @PRO_Indicators The English videos are posted upon the "Market Forecast (ENG)" Playlist. Kindly, Phil If you want to learn more about the basic rules to trade with my indicators here's the educational video link :
Long
by PRO_Indicators
3
NANO = Simple Setup and Possible GAINS 5/10/18NANO simplified on the day chart has developed a symmetrical triangle and is near a good entry point for low risk. Positives - Symmetrical trianlge form confirmed, 20ma is over the 50ma, low risk entry and long term possible huge gains. Negatives - MACD, RSI, Stoch RSI going down direction right now but requires huge movement to see effect on day chart. Education purposes and remember to respect your wallet :) BINANCE:NANOBTC BINANCE:NANOETH BINANCE:NANOBNB BINANCE:BTCUSDT BINANCE:ETHUSDT BINANCE:BNBUSDT
NLong
by UnknownUnicorn2494800
GBPJPY Breakout retest sell.Hello guys, Paul vereline here, i am new to publishing trade ideas to tradingview so i am interested to see how things turn out! Anyways lets get to the analysis. We seen a HUGE impulse breakout of the up-trend that it was following causing it to create a new support of "150.000". Based off of the movement that we have already seen, i would like to see price Retrace/Correct back up to "61.8" level on fibbs then continue its downtrend that has also now been created after the impulse drop. I would look to enter this trade anywhere from "151.500 - 151.750" shorting it with a stop loss of "152.100" because it price hits that zone i would expect it to keep rising. Green lines being my short take profits and blue lines being swing trade take profits. Entry: 151.500 - 151.750 Stop Loss: 152.100 TP1: 151.000 TP2: 150.000 TP3: 149.000 ST1: 148.000 ST2: 147.000 ST3: 146.000 *Always use risk management* -Paul
Short
by PaulVereline
STELLAR CRYPTOCURRENCY STRATEGYSTELLAR/DOLLAR 4H DOUBLE BAR LOW HIGHER CLOSE PATTERN (DBLHC) What is Stellar Lumens? Stellar is a platform that it’s trying to do very fast payments with very low fees. The key advantage of Stellar is that it has between 3 and 5 seconds confirmation time and it supports thousands of transactions per second. Stellar Lumens price is below the $1 and trading at only a few cents, which makes XLM a top cryptocurrency under $1. Stellar Cryptocurrency Strategy All we need for swing trading cryptocurrency is the Double Bar Low Higher Close pattern also known as the DBLHC pattern. All you need is to look for two bars that have equal lows or near the same price level. The second condition that needs to be satisfied for a valid DBLHC is that the second candle needs to close a lot higher than the first candle (see chart above). Usually, the bar tails are tiny, but the candlestick body is large. Step #1: Find a bullish trend or wait until the market develops a swing low The double bar low higher close can be found at the end of a bearish trend and the start of a new bullish trend acting as a reversal bullish pattern. However, at the same time, the DBLHC is also a continuation pattern that can develop at any stage during a bullish trend. Having a prior trend already established increases the probabilities of the DBLHC pattern to work. The DBLHC can produce the same kind of results even when the market is only in the process of establishing a market swing low. If a DBLHC develops right after a swing low is created that’s the confirmation we need that the institutional money is buying low. Step #2: Wait until the DBLHC chart pattern develops on the Stellar XLM Chart Now that you’re familiarized with the DBLHC pattern, it should come easily to spot this powerful chart pattern on the Stellar chart. The DBLHC pattern has two identical lows and the second candle close is way higher than the high of the first candle. In most of the cases the first candle will be bearish followed by a second bullish candle, but as we can see the Stellar price action is developing a DBLHC were the first candle is also bullish. This doesn’t invalidate the DBLHC chart pattern as in our books; it’s still a very tradeable chart pattern. Step #3: Buy at the market at the opening of the next candle after the DBLHC pattern When to buy Stellar is quite easy. As per the DBLHC pattern rules, we need to enter immediately at the market when the DBLHC has formed. Alternatively, we can place a buy limit order above the high of the second candle. Buying Stellar with our cryptocurrency buy strategy will offer you a high risk to reward ratio. The second advantage you have is that you’re buying Stellar right when the bullish momentum is starting to build up. Technically, this means that the price should never look back, which means that the drawdown should be minimal. Step #4: Place protective Stop Loss below the DBLHC low The DBLHC chart pattern also provides us with a great spot to hide your protective stop loss. Trading without a stop loss is the number one mistake that traders make. Make sure you always trade with a stop loss to protect your account balance. After you bought XLM coin, the protective stop loss can be placed below the DBLHC low. Step #5: Take Profit when we break below the up-sloping trend line that connects the swing low points The first thing we need to do when trading Stellar and you want to cash out some of your profits is to draw an up-sloping trend line starting from the swing low you identified in Step #1 and connect all the swing low points that are part of this new uptrend. As soon as Stellar XLM price breaks and closes below the upward trend line you take profits. This take profit strategy will maximize your trading profits and it will keep you as long as the bullish momentum is strong. Note** the above was an example of a BUY trade using the Stellar cryptocurrency trading strategy. Use the same rules for a SELL trade – but in reverse.
SLong
by Tradingstrategyguides
4
CARDANO CRYTO STRATEGY - 5 ENTRIESStep #1: Cardano ADA price needs to trade above the 200-day moving average The first condition that Cardano requires to satisfy is to trade above the 200-day moving average. When price trades above the 200-day moving average we know we have a strong premise for a bullish trend to be put in place. The more time Cardano price spends above the 200-day moving average and the biggest the distance between the Ada price and the 200-day moving average the stronger the trend is. Step #2: Volume needs to be above average and twice as much volume compared with previous volume bars needs to come in We need to look for instances when the volume bars are above the average volume (the red moving average). But this is not all; we also need the buying volume to be twice as much as previous volume bars. In our Cardano chart we can note five instances where the volume was not just above average, but it was also double as the previous volume bars. In this case, we’re dealing with five possible buying levels. Wait for trading situations where the buying volume is increasing considerably. This really shows institutional buying that has the power to move the Ada coin price. Step #3: After volume has increased, buy at the opening of the next candle When to buy Cardano ADA is quite intuitive if you have followed this cryptocurrency step-by-step guide. The moment we see institutional buying presence we want to be sure we’re not left out. In this regard, after the volume has increased, we buy at the opening of the next candle preceding the big volume candle. Usually, you’ll be buying right after the first bullish candle that often is the starting point of a new trend. Don’t be afraid to buy on the way up as this will pay handsomely in the long run. Step #4: Place protective Stop Loss below the 200-day moving average Hide your protective stop loss below the 200-day moving average. A market that has a strong bullish trend should not drop below the most powerful moving average aka the 200-day moving average. By hiding your stop loss below the 200 moving average, we’re minimizing risk as much as possible. Note* as the trend progresses you can also trail your stop loss below the 200-day MA. Step #5: Take Profit when we break and close below the 200-day Moving Average The 200-day moving average can serve us as a significant trigger for our exit strategy. When we break below the 200 moving average, that’s the first sign that the trend is about to change the tide. When these happen make sure you take profits. Note** the above was an example of a BUY trade using the Cardano trading strategy. Use the same rules for a SELL trade – but in reverse.
Long
by Tradingstrategyguides
Verge USD Bittrex entry and exitVerge performs nicely in anticipation of positive news to be announced on the 16/4 or 17/4. On a 60min chart we can see that the price almost touched to top of the 2nd square. Therefore, I believe a correction to the bottom of the 2nd square is immanent which constitutes a possible entry point around 0.069 USDT. Afterwards, and only if Bitcoin does not fall any further, a run up to the top of the 3rd square seems plausible where one could exit its position around 0.115 USDT. Keep in mind that the short-term market trend seems unclear, hence posing higher risks.
Long
by UnknownUnicorn1005877
Rocketrader's Account Builder: Scalping and Long Entry StrategieTESTING THIS STRATEGY, NOT FINAL YET Overall chart period: 12 hour ---------------------------------------------------------------------- RSI settings for Scalping: Length: 2 Source: Close Upper band: 97 Lower band: 3 Alert: Set alert for when RSI goes below 3 as an early warning. Entry: Enter long trade with 5% stop loss when it goes back up above 97. Exit: 10% profits ---------------------------------------------------------------------- Long Entry Strategy K: 4 D: 4 RSI Length: 3 Stochastic Lenght: 3 RSI Soruce: hlc3 Upper band: 80 Lower band: 20 Alert: Set alert for when RSI goes to 0 Entry: Enter long trade with 5% stop loss when it goes above 0 (positive) Exit: Varies, could aim for 20% profits ----------------------------------------------------------------------
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by rocketrader
Master the downtrend! Find key entry points (HOW TO)The recent Bitcoin spike down below 10k was somehow fueled by FUD (Fear, Uncertainty, Doubt). These fast moves may be triggered by news items or one whale selling or all combined, who knows? They are not predictable, the downtrend before this event on the other hand did provide some trade entries if you read the price action right! So lets look at this downtrend and the key short entry points along the way: Entry 1: The first entry is of course more agressive, because there is no established downtrend yet. But there was a bulltrap, when prices first broke above 11600 and then turned down back into the former range to 11500. When the market failed twice to go higher again (above 10600) then you could enter below the marked bar (red arrow). Entry 2: We now had a leg down and then a sideways movement. It is not easy to enter in such a small range, but there were several reasons to look for a short. Notice that we had reached the possible downtrend line by moving sideways. You are are also looking for a second leg down at this point. At least you expect a retest of the supports at the lower side of the small range at 11200. Entry 3: After entry 2 we saw a second steep leg down (blue). This again led to consolidation in a tight range. What can you expect in a little range? Right, traps to one or even both sides! Here we had first a little trap to the downside when braking below 10880. Why is this a trap, when you are shorting a bearish breakout in an clear downtrend? Look at the location, the breakout occurs right into the lower downtrend channel line. This is not a key entry point! So the market then goes up and breaks out to the other side. Now some traders go long, entering counter trend to the still intact channel. But then the real trap happens when prices move back into the range and a attempt to go higher fails (signal bar). Notice that we have now reached a key entry point, because we have room to go down inside the channel again to 10600! By moving sideways prices are near the EMA and the upper channel line again. Entry 4 + 5: After another leg down which happened after trade 3 prices were moving sideways again, you starting to see a pattern here? ;) Of course now we had two blue legs down and then another red leg, so traders may start to think long..."maybe this is the bottom"? Some wait for a nice double bottom and the break above resistance (10880). Prices even broke the downtrend line, so now it is surely safe to go long and declare the downtrend over? Not so fast! Price action traders still look for entering short, because after the first break of the trendline you can expect another one or two legs to a new low. And this is exactly what happend here. The new low at 10.400 was the target from an equal length second red leg down. Conclusion: 1. Enter at key entry points: Near the upper downtrend channel line and/or the EMA. 2. If the downtrend line is broken still look for a new low or a retest of the low. After two legs to a new low, chances for a range or reversal are much better.
BITFINEX:BTCUSDShort
by FBlocktrader
3
DGD - Ground floor in?Hey. Here is my all natural, eco and local handdrawn chart update for DGD. This is just what I a see here. I don't have a clue about TA. So better don't trust it. ;) No financial advice so to say. I still hope for a C&H here. So this is what I see in my lucid dreams. Not sure if we are ready yet or if there is another leg down in. As you can see I am not working with a fork on this. Hope you didn't get screwed while watching a fork that isn't one. Let me know what you think. Educate me or tell me how stupid this is. THX.
D
by trenncost
9