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Levelsandzones

TRX Swing and Spike Kissing CousinsMany believe the prices of cryptocurrencies to be based on speculation. Those people don't know what they are talking about. Trust me, economists and journalists talked me out of bitcoin many times. Thus, my doubt sewn by people with a lack of understanding cost me millions. As my engineering skillset continues to extend my ability to understand the value of products and find uncorrelated prices. Today is one of those days for Tron. Someone in the chat called a dip and I read the chart. Levels are there and they are clear. The red is the danger zone we should spike through the green. As long as Bitcoin holds up. If bitcoin slows down get back to BTC, PAX, DAI or USDC. On the other hand, you if truly understand what TRX does and you want to use it, hold, invest it, borrow against, and grow it there is no reason why Tron shouldn't see continued growth. It is one of the few top 100 projects that has reached ERC20 independence, with users, and ACTUAL DAPPS. Those are real things don't let the CyptoKitties fool you. Check 'em out.
by cryptoisreal
USD/JPY approaching key levelThe 110 supply level is approaching quickly and the reaction @ this level can possibly determine the short term course of the pair. A clear break increases the probability of upward movement to the 110.5 level. A break below could see a retest @ 109.5 and as low as the 109.1 level. Sadly, there's little in the way of economic reports short term. Volatility near these key areas is always helpful when gauging direction. We do have US factory orders to watch for @ 10 am ET followed by some bill auctions. Regardless, traders/investors have been eyeing this psychological level for a week, so I expect some movement throughout the US session this morning.
by en1gm9t-c
A BIG MOVE IS COMING ON EURUSDI usually post 1h charts but I think this weekly chart is very helpful to every FX trader . EURUSD is in consolidation since last May in the 1.155–1.18 area. This situation is the prelude of a breakout and a big impulsive move coming in the second part of 2018 and possibly 2019. The indicators are currently looking good but we need to wait and see the breakout, either up or down. Are you of the same opinion? Feel free to share your feedback below.
by a.b
9
BIG MOVE COMING ON BTCUSDThe BTCUSD is due to a major move soon. The pair has been consolidating to the downside for several months now and it has been significantly squeezing until now. During the last few months, the pair formed Lower Highs and Higher Lows, hence forming a nice pattern that is about to be broken. The Sentiment Index is squeezing which is a great indication that something big is about to happen. The Breakout Pivotal Bars is negative (red candles) so a breakdown seems more likely but we need to wait and see the color of the breakout candle. Either way the price will break, we are prepared and ready to profit from the move.
BITFINEX:BTCUSD
by a.b
9
Breakout opportunity on AUDUSDA breakout opportunity is forming on the AUDUSD. The pair is in a downtrend from a few weeks and has already given three very great sell opportunities. The setup was identical for all the three: • breakdown of price • breakdown of Sentiment Index • opportunities below resistance Right now the breakout could be either to the upside or to the downside so let's just wait and see when the breakout comes. Last but not least, always check confirmation from the indicators!
by a.b
12
HOW TO RIDE TRENDSThis educational idea refers to the last trading idea I published (linked below) and to many more I traded in the past. The chart above shows the BTCUSD going from about 6'500 at the beginning of April up to around 10'000 in early May and all the way back down to about 6'500 in mid-June. This idea shows how it was possible to ride the trend all the way up (4 buy opportunities) and all the way down (4 sell opportunities) with three indicators: the Breakout Pivotal Bars , the Sentiment Index and the Levels and Zones . Here's how they work to identify setups: Breakout Pivotal Bars • For break-ups the candle must be coloured in green. • For break-downs the candle must be coloured in red. • Blue candles mean indecision so either trend continuation or imminent trend reversal. Depending on your strategy it is possible to trade them or not. Sentiment Index Possible situations are: • Breakout (e.g. Bullish Sentiment in case 1 or Bearish Sentiment in case 8) • Divergence with the price (Bullish Sentiment in case 8) Levels and Zones Gives a reference in real-time to where the most significant levels and their corresponding long/short zones are. Let's see the 8 trading opportunities: 1. Break-up of consolidation (blue candle) + Break-up of Bullish Sentiment + Above Support -> GOOD OPPORTUNITY 2. Break-up of consolidation (green candle) + Break-up of Bullish Sentiment + Above Support -> GOOD OPPORTUNITY 3. Break-up of consolidation (blue candle) + Break-up of Bullish Sentiment + No Support nearby -> VALID OPPORTUNITY but pay attention 4. Break-up of consolidation (green candle) + Break-up of Bullish Sentiment + Resistance Above -> VALID OPPORTUNITY but pay attention 5. Break-down of consolidation (red candle) + Break-down of Bearish Sentiment (divergence in Bullish Sentiment) + Below Resistance -> GOOD OPPORTUNITY 6. Break-down of consolidation (red candle) + Break-down of Bearish Sentiment + Support is pretty far! -> GOOD OPPORTUNITY 7. Break-down of consolidation (red candle) + Break-down of Bearish Sentiment + Support is pretty far! -> GOOD OPPORTUNITY 8. Break-down of consolidation (red candle) + Break-down of Bearish Sentiment + Support is still pretty far! -> GOOD OPPORTUNITY
BITFINEX:BTCUSDEducation
by a.b
36