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Ethereum gives a nice breakout of "W" Pattern.Ethereum looks bullish on a higher time frame and has crossed the resistance of 3100 levels. It has closed above the level on daily time frame and is taking resistance form is 20 ema. A nice morning star pattern is there on a daily time frame and trading between the moving averages. On a 4 hour time frame the coin has given a "W" pattern break out with good volumes and has crossed it 20 and 200 ema . Support :- 3100, 3040, 2960 Resistance :- 3198,3320 There is a crucial resistance near 3130-50 i.e. 20 ema on daily and weekly time frame. Wait for the price action and candlestick pattern near the levels.
FOREXCOM:ETHUSD
by TheMamboMomentum
Bitcoin forming evening star.Bitcoin on a weekly analysis is forming an evening star chart pattern and is taking support. It is trading below its 20 ema and 0.382 fib levels. On daily time frame, it has closed below is 20 and 200 ema and seems little bearish for short time fame as 4 hour time fame has given a moving average cross over. It can retest its 20 ema on 4 hour time fame and fall further. Support :- 42100,41380. 39790 Resistance :- 43010,44550, 45600 Supports may be breached once the price trade below the levels and sustain. Bitcoin has streched and can come futher down to test the levels Wait for the price action near the levels before trading,
BITSTAMP:BTCUSD
by TheMamboMomentum
Bitcoin near resistance level.Bitcoin has been respecting the resistance level of 44500 and is just below the 200ema. On daily chart frame,the chart pattern formed near the resistance level will help is confirmation of the movement of the price above or below the resistance levels The bitcoin is forming a ascending triangle chart pattern on a bigger time frame. Support levels :- 41980, 37700 Resistance levels :- 44500, 45800 Wait for the candlestick chart pattern to be formed near the zone to find the movement in bitcoin.
BITSTAMP:BTCUSD
by TheMamboMomentum
Bitcoin (BTC)- Weekly OverviewThe past week can be considered as a bullish week for Bitcoin as the price level showcases approximately 6% gain resulting in the positive breakout from the consolidation range. Bouncing back from the support placed at 0.236FIB level, BTC bulls had a positive crossover above 0.618FIB level. The price level had dual testing of the psychological mark of $42K but was unable to maintain sustainability. This can be the potential indication of a new hurdle for the largest cryptocurrency after $40K. A new support zone has also formed on the chart which is placed between $40.5K to $40.0K. The CMP ($41262.59) is battling against the EMA-20 which is placed at $41298.25. The bullish performance during the past week by the price level was maintained by staying above the EMA-20. Therefore, maintaining sustainability above EMA-20 can be a significant positive signal for another upside.
COINBASE:BTCUSD
by TradeDog-Research
BTC Short Term Analysis - BTC DOM INCREASINGAs expected, BTC traded in a narrow price range throughout the weekend. There was no particular activity on the market, but it is worth taking into account the increased fear in the market. Since if you look at the alt-market, then most of the instruments there sank very strongly relative to Bitcoin. The dominance of BTC is growing, which means that participants are now choosing less risky and volatile assets. Today will be an unscheduled meeting of the Fed. The question of raising the rate is on the agenda, investors are nervous. But we are not afraid to assume that they will not raise the rate, and this event is already included in asset prices. We expect a classic shaking out at the time of the meeting when the price will drop sharply down, followed by a quick buyout.
BITSTAMP:BTCUSD
by akshayincharge
#Bitcoin Trading Plan 27-28 Jan 2022Given yesterday's wild moves especially post the Fed's hawkish announcement I hold a neutral stance today as it remains to be seen which way the market wishes to lean towards; although to be fair, the signs do look bearish. But anyway we have a system and we trade that. Here's what it looks like: In this chart of Bitcoin I have marked 4 price levels which have been determined based on a proprietary calculation that I have developed. The zone between the top-most and bottom-most price levels is a strict "No Trade Zone". If Bitcoin's price crosses the top-most price level, we will be looking for long opportunities and if Bitcoin's price crosses the bottom-most price level, we will be looking for short opportunities. Entry criteria: Bullish case: Enter as soon as a 5-minute candle CLOSES above the top-most price level. Bearish case: Enter as soon as a 5-minute candle CLOSES below the bottom-most price level. Stop Loss criteria: Risk: 2% of capital of per trade. Bullish case: Just below the second price level from the top. Bearish case: Just above the second price level from the bottom. Take profit criteria: I personally follow a system wherein I do nothing until 1:1 RR is achieved. But post 1:1 RR is achieved, I adjust stop loss to cost. I then exit 1/3rd of entered quantity based on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . I exit 1/3rd of entered quantity at fixed take-profit level of 1:3 RR. And I exit the final 1/3rd of entered quantity based on a system of setting stop losses that are dynamically adjusted to the nearest retracement after a Day High Breakout (in bullish case) or Day Low Breakout (in bearish case). I have also experimented with systems wherein you can set take-profit at a fixed level of 1:3 RR or alternatively after 1:1 is achieved book full quantity vased on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . Both of these alternative systems have also been profitable. Please note the given zones are valid only until the end of the day. Any open positions must be closed by 05:25 AM IST which is around when the day is about to end in the cryptocurrency markets. The mentioned zones will become irrelevant post that. Also please note: according to the rules of my system, I don't take more than 3 trades per day on any asset.
B
by abhineetramjiwal
Swing trade anlysis Bitcoin BOTH Long/Short position BINANCE:BTCUSDT swing trade analysis for both short and long position NEUTRAL ZONE 30000 - 35000 works as a neutral zone LONG POSITION If it daily candles closing above 37500 sustain here you can go for long target but make sure the volume of that candle breaks the MA line in volume SHORT POSITION 30000 works as huge support once If it breaks it will make sure it will reach 28000 easily And everything mentioned in the chart This analysis includes and gives respect to 1 Fibonacci retracement 2 Support & resistance 3 volumne NOTE CHECK THE ANALYSIS IN 1DAY TIME FRAME I MADE IT IN WEEKLY DUE TO SPACE PROBLEM COMMENT YOUR THOUGHT ON THIS IDEA PARDON ME IF I MADE ANY MISTAKE ITS MY FIRST IDEA IN TRADING VIEW
by trialman678
#Bitcoin Trading Plan 23-23 Jan 2022In this chart of Bitcoin I have marked 4 price levels which have been determined based on a proprietary calculation that I have developed. The zone between the top-most and bottom-most price levels is a strict "No Trade Zone". If Bitcoin's price crosses the top-most price level, we will be looking for long opportunities and if Bitcoin's price crosses the bottom-most price level, we will be looking for short opportunities. Entry criteria: Bullish case: Enter as soon as a 5-minute candle CLOSES above the top-most price level. Bearish case: Enter as soon as a 5-minute candle CLOSES below the bottom-most price level. Stop Loss criteria: Risk: 2% of capital of per trade. Bullish case: Just below the second price level from the top. Bearish case: Just above the second price level from the bottom. Take profit criteria: I personally follow a system wherein I do nothing until 1:1 RR is achieved. But post 1:1 RR is achieved, I adjust stop loss to cost. I then exit 1/3rd of entered quantity based on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . I exit 1/3rd of entered quantity at fixed take-profit level of 1:3 RR. And I exit the final 1/3rd of entered quantity based on a system of setting stop losses that are dynamically adjusted to the nearest retracement after a Day High Breakout (in bullish case) or Day Low Breakout (in bearish case). I have also experimented with systems wherein you can set take-profit at a fixed level of 1:3 RR or alternatively after 1:1 is achieved book full quantity vased on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . Both of these alternative systems have also been profitable. Please note the given zones are valid only until the end of the day. Any open positions must be closed by 05:25 AM IST which is around when the day is about to end in the cryptocurrency markets. The mentioned zones will become irrelevant post that. Also please note: according to the rules of my system, I don't take more than 3 trades per day on any asset.
B
by abhineetramjiwal
2
Bitcoin Positional Long LevelsBITSTAMP:BTCUSD 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns . 📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone). 📌 As One can see, This Pattern has Been Made on weekly Time Frame, that's why stop loss quite big as per this pattern and time frame. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis. (PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame) PRZ 1 :- 35736.45 PRZ 2 :- 33812.28 SL :- 28600 (Closing Basis) Note:- As Per this harmonic pattern , stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Even ask doubts in comments, below. ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
BITSTAMP:BTCUSDLong
by linesandlevels