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Patiencepays

Patience Will Pay Off For XRP HodlersPatience is a virtue, XRP hodlers understand that statement. XRP has been in a massive downtrend since January of 2018 and no amount of news or announcements has been able to break it out of the downtrend. BUT, it has been in a slight uptrend since mid August 2018! XRP is strong, fundamentally speaking, and I believe it will continue to be a Top 3 blue chip cryptocurrency. I have marked my first 4 price targets with my fifth (T5) being a return to its weekly ATH close at $2.76 (800% increase). It's time to start buying small amounts of XRP until the downtrend is broken. You're never going to time the bottom of a stock or coin, that's why DCA is so helpful, especially when prices are this low. Everyone is scared to buy XRP and that's the time to buy. When XRP runs, it runs fast and hard, don't get left behind because of greed for a lower price.
KRAKEN:XRPUSDLong
by ParCrypto
EURCAD SELL Swing Trade Idea (LIMIT)EURCAD - SELL Swing -------------------------------------------------------------------------------------------------------------- Price has been in a downtrend for a quite some time. Last week, price has rallied earlier on just to decline heavily. This was because of receiving new sell orders at heavy supply zone above. Price will now return to that zone because not all the orders were filled when price went to that zone. Now it will have its first touch of that zone and we usually say first touch to any zone is the highest profitability trade one can ever have. Hence why trade idea, we now have. Sell Limit @ 1.50059 SL: 50 pips TP: 1.45786 R:R Ratio of 1:8 That's all for now Take care until now beloved! --------------------------------------------------------------------------------------------------------------
Short
by ricky1270
2
BTCUSD, breakout and reached target IHi! BTCUSD formed a triangle, breaking below and retesting the edge of it nicely on the 2 hour time-frame. From there on it has reached the first targets where we have seen a period of profit taking at half way to the first target zone in the form of buy orders being executed. Since we have approached the first bigger scale target traders are likely to take profit here, forming a bullish chart pattern on the lower time-frame around this level. Have an eye on those lines in conjunction with different time-frames. A reversal pattern as well as continuation patterns are likely to be formed around these levels. Thanks for reading -heish If you would like to learn about technical analyses please visit George Beaulieu on Youtube and leave a like.
BITFINEX:BTCUSD
by MeruEU
6
GRINBTC, Is the market ready to move higher?Hi! We have seen GRINBTC in a correctional stage for a few weeks, forming a 5-3-5 Zigzag correction, being now in the last wave of the correctional phase. Yesterday GRINBTC has bounced off the monthly resistance line just to give it away again quickly. This is an indication that the market wants to go lower and we might see a drop all the way down to form a double bottom on the monthly chart. It is advisable to wait for a confirmation of the breakout from the trend-line by using different time-frames and to play the market before the instrument itself. If you would like to learn more about technical analyses please visit George Beaulieu on Youtube and leave a like. Lots of patience to you all and thanks for reading. -heish
G
by MeruEU
GOLD - Wait for the RetestAlthough the 0.382 Fib has acted nicely as support for GOLD/USD and global economic conditions are looking more uncertain, I'm going to be as patient as Jerome Powell. The daily and weekly RSI is overbought and I'm awaiting the retest of the 5-Year resistance + cup and handle pattern that GOLD has just busted out of. Weekly view: Furthermore, Gold did top out on a daily TD 9 and I can see it getting within the proximity of the TDST line. However, with Powell testifying tomorrow and whatever the interest rate decision is, the direction is really unpredictable. If you're buying GOLD/USD to hold, I think you might be safe here if you want to hedge your bets. Best of Luck and let me know what you all think about Gold, the economy, stock market, trade, etc.
TVC:GOLDLong
by BigDGoesHard
BTCUSD is in an essential stage. The road is rocky - wear shoes!BTCUSD has broken out of the triangle formation while retesting the middle line of it and is now sitting on the neckline of the inverted head and shoulders chartpattern in the vicinity of the 1.6 Level at around 12000. This level will be eyed as a very importent key level by many of the professional traders. They will expect a break above and a clear retest of it for a bullish progression. A break below after a break above (candles have to close) will be considered as a bearish setup and traders will eye for a short opportunity. Let us see where BTCUSD will go and we will follow it. The targets for the h and s pattern is the height of the head and its middle line. Do not forget the 1.6 and the prior high as profit zones. Better be defensive since this stock can move very fast. Please check out George Beaulieu on Youtube if you want to learn more about technical analysis. smilingly heish
BITSTAMP:BTCUSD
by MeruEU
RVNBTC broke below key level - looking for a support zone.RVNBTC has broken below and retested the middle line of the triangle formation which has been formed since the low on 26th of June 2019. This is a clearcut bearish signal and raises the question where the targets are. We could be greedy and take the whole heights of the triangle, showing the target of 300 Sats. However, I have chosen conservative measurements which point out the target and its middle line shown in black on my chart. These, along with the diagonal line in red which forms a major support zone, are valid target zones and should be eyed for potential reversals. However: It is very likely for RVNBTC to retest the major resistance zone above consisting of the 0.8 retracement which will most likely be a possible zone for a retest in the comming days. BTCUSD is making some moves and will determine the way to go. If you would like to know about technical and fundamental analysis please check out George Beaulieu on Youtube. When considering to enter the trade please be careful and defensive. I prefer to stay on the sidelines until a setup will occur on the monthly chart. The daily and below are considered as market noise, however it is a good opportunity to learn about specific instruments as well as improving the technical analysis, so please leave a comment below or give me the thumbs up if you would like to see more or are willing to share your thoughts about this. With patience heish
Short
by MeruEU
ETHBTC has broken a major resistance. Swing traders alert.Hello, ETHBTC has broken out of the yearly resistance and retested itc confirming the former resistance level as a new support zone. There is a possibility for ETHBTC to oscillate between the two major resistance zones before breaking out, giving traders an opportunity for swing trading. The first target would consist of the middle line between both lines. The larger scale targets, for swing trading, would consist of the height of the yearly triangle and its 50 percent and 25 percent lines. If the setup will be confirmed remains to be seen and does not entirely rely on ETHBTC but also on BTCUSD itself. A bullish trading setup would be in place at a break above the major resistance zone which would be a confirmation for a trend reversal on the yearly chart, which certainly would attract more buyers, provided the BTCUSD will act accordingly. In both cases I recommend a top-down and different time-frames method to enter the trade with care. If you would like to read more about this specific instrument please let me know in the comments below or leave me a thumbs up, bringing a big smile on my face. If you would like to know more about top-down and different time-frames method, please check out George Beaulieu on Youtube. I wish you all the best and a good start into July 2019. with patience Heish
by MeruEU
GRINBTC has broken the downtrend. What is likely to happen next?Hi, GRINBTC has made some interesting moves breaking the monthly trendline and pushing towards the 3.6 line of the extended first wave. Here it found its resistance and has broken the trendline to find a better support zone. This is showing the great interest this particular instrument has attracted. Three weeks until the first hard-fork of GRINBTC , we are looking to identify good places to (re-) enter. Keep in mind that the market has to be in line with the trend to make sure we do not fight against it. We want to be in a flow, patience is the key. Trend: the downtrend for GRINBTC has been broken. A retest is likely to be formed during the next month. The first thing to look for would be a monthly close above the red line and a retest of it in the coming time period. Sometimes the market prefers the opening price of the new month or the 05 . of the monthly candle to form a signal. So it makes sense to have a look at lower time-frames also since the end of the month and the quarter is due. The first zone which usually attracts buyers are the 0.5 and 0.61 Zone of the multiwave . Here investors will be interested in buying again, usually those who are aiming to hold for longer time periods. However, when looking for an entry we will be watching the price closely and let it reveal its targets. Right now we can say that the correctional wave has found a support on the intersection between the monthly resistance and the 0.5 level. To confirm this as a valid support zone we would like to see a break above the line and retest in the next couple of days. If this does not happen the price is likely to move towards a better support zone , probably around the 0.61 before making another attempt for a breakout. Essential for entering the trade is a breakout of the common centre line, coloured in yellow. To make consistent profitable trades it is advisable to use a Top-Down trading strategy and multiple timeframes. If you would like to know more about technical analyses as well as Top-Down strategy please check out George Beaulieu on youtube. Thanks for reading. If you would like to see more analyses about this particular instrument please give the thumbs up or leave a comment below. With care and patience Heish
G
by MeruEU
BTCUSD is approaching the first target. History repeats itself.Hi, in the past months we have seen a significant move to the upside for BTCUSD . The recent correction found a valid support on the 50 % line of the monthly candle of may, followed by a fast run towards new yearly highs. What are the targets ? The 1.6, 2.6 and 3.6 of the first wave (I) . Can this wave extend until the 3.6 ? It surely can. If it will do it remains to be seen. So keep an eye on the next targets and see how the price reacts from there. If these are getting confirmed as a new support (break above and retest), there is a high probability that the wave will continue its march all the way to the next level. If it on the other hand confirms this level as a resistance there will be a high likelihood that this wave will not be extended and rather search for a better line of support. How ever it will turn out, please do not forget to check the marketenviroment first. Better use a top-down trading method as well as different timeframes. If you do not know what that is please check out George Beaulieu on youtube. With patience Heish
BITFINEX:BTCUSDLong
by MeruEU
Short LTCWe have a lot of technical indicators to get short here at the right time. Starting from the Daily chart we have an indecision candle or doji outside the bollinger bands. We also have nice RSI divergence and after a parabolic rise it seems a pullback is likely. The 4hr chart shows a bearish engulfing candle showing the bears are coming to town and the bulls are taking profits. The 1hr chart shows a clear cut break in trend and market structure is changing. We now have Higher lows and Lower lows on the pivots. The 20 ma on the 1hr is also down. And now we are forming a bear flag on the 1hr. What we are looking for as timing to get short is a bearish engulfing on the one hr off a Fibonacci extension. This will give us the highest probability of making a good trade with perfect timing. Remember anything can happen (Use a stop loss) but when we have the probability stacked in our favour and we are patient we get paid. As Litecoin has been leading the charge across the crypto market i think we could enter a corrective phase in all coins. Bulls beware Daily chart
KRAKEN:LTCUSDShort
by giltwenty
GBP/AUD - Overall Bullish SentimentThe trend lines depict the overall trading zone. I think GBP/AUD is in the perfect Buy position and that is just my opinion. As traders I also think it's important to build a community of like minded traders. Let's help each other out to success. I think the journey will be much more valuable . Good luck traders and let me know if you think I could do anything better. All is appreciated. Note: Keep the analysis simple. It'll save you some time and energy . Just starting to realize that. If it doesn't make sense and you are spending too much time and you just feel it then check another pair out until you find something that makes sense. Other than that... Good luck. Have fun. Take care of your Risk . Reap your Rewards . Happy Trading Everyone.
Long
by austinlmkc
2
USD/CAD - A Lesson Worth a FortuneEntered the trade at price point: 1.3295 = 23.60% level. The proper move would have been to wait till the 50% - 61.80% to confirm a reversal at this present price zone. It's funny because I have signals on my phone that show the sentiment of the market on whether to buy or sell. USD/CAD was in the sell at the time I called the trade and is now Neutral. Note to traders: Trust your own bias before anyone else. If you don't that could end up costing you... or not if the person you follow is an attentive trader. (Perspective) Still getting the hang of understanding lot size and how to determine the pip to lot ratio and risk/reward of the trading account if that makes sense. If you have the answer that would really help. Please comment below if you do to help other traders out as well. In other words, how do you adjust your account size and lot size as your account appreciates/depreciates in monetary value? These were my actual stats on the demo account I guess I had a 1.98 ratio without even knowing about it. Just missed the .02. The plan is to not make that mistake happen next time.
Long
by austinlmkc
GBP/JPY - Neutral (Risk Off) Downward wedge 4 HR ChartWaiting on Japanese session reaction to GBP pullback. (PatiencePays) If there is a breakout off the downward wedge (Long position) Take profit 1: 140.000 (Resistance & just below 50% Fibonacci Retracement) Take Profit 2: 142.650 (fibonacci Retracement 61%) Fundamentals affecting decision: Long Position positive news on trade war negotiations and continuation in reversal of the DOW/S&P 500. Short position wedge continuation (Risk Off) Safe Haven Currency considering the uncertainty in the market.
by darrenkav25
How I made 148.5 Million! So on one of my post I was looking to go long on this. I saw that this was bouncing back and forth from a certain area.I then waited to buy around the support area and then sold around the resistance.On this trade I made 38,152,000 which was insane! What I also noticed was this was forming a head and shoulder pattern which presented itself for a good opportunity too short.Furthermore, I took a short position around 92.00 which in fact went against me. I ended up holding the position until it dropped back. Then the best part came it dropped all the way until it hit my TP at 86.467. This trade made me 110,412,000 and in total I made 148,548,000.After all this I do have to say this was from paper trading ,but imagine if I was making that much money on a live account holy shit! The fact is that I was right and my only thought now is I wonder how many trader bought long around the top thinking it would continue. Quote:“A peak performance trader is totally committed to being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business.”-Van k. Tharp Trader essential from Amazon 1. amzn.to -Tylenol Extra Strength Rapid Release (LOL) 2. amzn.to -Encyclopedia of Chart Patterns 3. amzn.to -Apple MacBook Pro 4. amzn.to -OLLY Goodbye Stress Gummy, 5. amzn.to - Lenovo Ideacentre AIO 520S 23-Inch Desktop Computer (Intel Core i5-7200U, 16GB DDR4, 1TB HDD, Intel HD Graphics 620, Windows 10), F0CU0001US 6. amzn.to Apple iMac (21.5" Retina 4K display, 3.0GHz quad-core Intel Core i5, 8GB RAM, 1TB) - Silver 7. amzn.to -Dell i5680-7813BLU-PUS Inspiron Gaming PC Desktop 5680, Intel Core i7-8700, 16GB DDR4 Memory, 128GB SSD+2TB SATA HDD, NVIDIA GeForce GTX 1060, Recon Blue, Windows 10 64-bit
BITFINEX:LTCUSD
by Red_Rock5
AUDNZD Long SWING TRADE IDEAAUDNZD -------------------------------------------------------------------------------------------------------------------- This is another pair that will see its trend being respected through and through. We will see shorts tonight but we would like to continue its bullish move right after that. After breaking weekly supply, it has now turned into DEMAND. That then indicates the introduction of buyers into the market. _________________________________________________________________________________ If you wish to learn more about supply and demand and/or fundamental analysis , message me on trading view at any time or message me on Telegram: t.me I give more trade ideas, signals and opportunities with my students. ALWAYS TRADE WITH NO INDICATORS. MAKES LIFE EASIER! _________________________________________________________________________________ BUY LIMIT @1.04893 SL: 50 pips TP: 250 pips R:R : 1:5 After this trade is over, I expect this pair to range trade then break out Topside. Patience is always good to me Take care and always remember trading involves a level of risk, be sharp and exercise proper risk management. Until next time beloved!
Long
by ricky1270
2