MOD Entry, Volume, Target, StopEntry: with price above 49.60
Volume: with volume greater than 849.33k
Target: 53.30 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 49.61, 48.38 gets you 3/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Entryexit
GOOG Entry, Volume, Target, StopEntry: with price above 133.74
Volume: with volume greater than 36.6M
Target: 142.95 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 133.75, 129.15 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
CARR Entry, Volume, Target, StopEntry: with price above 60.04
Volume: with volume greater than 4.1M
Target: 72.18 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 60.05 & target of 72.18, a stop at 58.54 gets you 8/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
BKR Entry, Volume, Target, Stop, ResistanceEntry: with price at or above 36.81
Volume: with volume greater than 5.6M
Target: 39.99 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 36.81 & target of 39.99, a stop at 35.75 gets you 3/1 Reward to Risk Ratio.
Resistance: Resistance around $38.60 and $39.80
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
V (Visa) Entry, Volume, Target, StopEntry: with price above 245.37
Volume: with volume greater than 4.33M
Target: 256.92 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 245.38, 241.38 gets you 3/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
BTC Relief RALLYThanks for Reading my Post.
I have made some 2 previous post both on AUDNZD and ADAUSD which by now if you are following me those 2 trades have generated some positives return after 2weeks.And if that will be positive for your portfolio I will advise understanding trading psychology, patience and discipline are great TOOLS every trader need to be in the successful rank. Please take note.
To Dive down into the BUSINESS OF THE DAY
I will like to Analyse some current price action in BTCUSD using some Technical Tools:
1. TRENDLINE 2.MOVING AVERAGES 3.CHART PATTERN 4.HARMONICS 5.PREVIOUS MONTHLY WEEKLY DAILY HIGH/LOW 6.ORDER BLOCKS 7.SUPPLY ZONE
Currently the BTC has began a relief rally which may take us to $46000 per BTC and that maybe quite ambitious but before we see such prices from the low of about $33803 we may have some huge hiccups @ $43180/200 area.
I have couple of confluences here ranging from:
1.A BAT HARMONIC PATTERN
2.COUPLE OF PREVIOUS MONTHLY HIGHS
3.SUPPLY ZONE
4.6HR 200EMA
5.ORDERBLOCKS which hasn't been tested since the last sell off around the 20th of JANUARY
6.Previous MONTHLY H/L 43283 and WEEKLY H/L43505
If the above is not enough to be cautious then I will say be prime and ready for this sell off which may take BTC back to retest $39400 area hypothetically and a renew test and hold of this zone may now give us the $46000 area.
The way the market works in trend will also be cemented if we have such a drop to take out the weaker hands buyer who is buying with FOMO and give rise to a renewed buying.
The BEARISH tone is currently subsided having broken the Down trendline as indicated in the chart and retest of the huge zone of $39400 level can be a quick or gradual surprise.Therefore if you are margin trading you can anticipate such move in the meantime. HAPPY TRADING and if you like what you read do not hesitate to give me a comment on your thought and BTC potential is still huge get involve in other ALTCOINS too.
Example signals from Crypto-Sticks MomentumOur last update for today, in the Crypto-Sticks series. More to come soon!
Here's an example of how to use the Crypto-Sticks Momentum for trading signals. I also plotted this range's signals the indicator would've generated.
Momentum can be a tricky indicator sometimes. Since it doesnt go into predictable overbought or oversold zones, it rather just oscillates around zero - making it harder to create a signals strategy. On the default view I tend to look for 2 candle "flat tops" and "flat bottoms" with one or both containing a decent wick.
Heiken Ashi candles adds some more clear entry exit points which can be executed at the second candle going in either direction (applicable only to this chart on 4H - other coins/charts will require their own strategy). For instance, enter on 2nd green, exit on 2nd red. The heiken candles seem to give longer term trades which I like... hate overtrading!
Volume weighting the HA candles adds a different dimension to the indicator which I have to explore more fully.
If using either HA or VW+HA, the strategy about "flat candles" doesnt apply anymore. Please leave me any ideas or feedback you have!
The signal was to go long at 1130 with a target of 1250 on the upside at the first resistance area. Stoploss at 1075.
Here's how it looks as Heiken Ashi:
And Volume Weighted Heiken Ashi:
Enjoying this indicator or find it useful? Please give me a like and follow! There are many more indicators to be released in this series, not to mention I post crypto analysis and other free indicators regularly.
Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isnt open only to subscribers - everyone is welcome to join.