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I'm back! BTCUSD: is it over? Hi everyone, And I'm back (and happy) to posting here in TradingView. It's been a long time, lot's of change and new stuff... Anyhow, back to the chart. Break of 5,920.72 was bad! Very bad! It was predictable as an option only but it is what it is, I guess. I'm out of all my positions in BTCUSD (stopped out at break even). The good point (for bulls) is that this has not been the big sell off and I explained that in one of my free video (I will do one here when I have fixed my mic). So, now what? In daily, nothing, we wait because next equal leg area is 4,596.14-3,332.87 and we might not see it! Indeed, on 28/06, I called the end of the 4h cycle from 9,948.98 high at 5,870.00 (explained the marginal new low that is ignored) and therefore the end of the cycle from 11,780.00 high and 19,666.00 despite we did not reach the equal leg area in daily and 4h. I did not recommend to buy BTCUSD and I don't recommend to buy here (I bought ETHUSD and ZRXUSD within equal leg area lower), so now, we have to wait and see how the structure develops. Here is the path I propose as long as we stay above 404.98. From current levels, if we break below 6,259.34, I don't like to buy lower as we are left with 3 waves to the upside from 5,780.00. If we have a marginal new high with rsi divergence intact, I will buy any clear 3 waves pullback (purple 2), stop either 161.8% extension or 5,780.00 (depends on the level), repeat and rinse (3, 7 swings is same). Also, volume seems to be back, especially in altcoins, so we have interesting time ahead. But remember, follow your system, your risk management and don't open the stops... Disclaimer : This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
BITSTAMP:BTCUSDLong
by The_202_Quants
BTCUSD 1H relief before another round? or we had enough?BTCUSD 1H ASIA UPDATE - 21/06/2018 Bitcoin ended the sequence from 7,790.69 high at 6,120.00 with break of RSI trendline on 18/06/2018/ And therefore, cycle from 25/04/2018 is called ended, providing an opportunity for the historic crypto to resume. Shorter term, equal leg of cycle from 6,120.00 projects 6,904.81-7,038.96 in a possible regular FLAT (3-3-5) if we have RSI divergence with a marginal new high from current levels. I don't like to buy at current levels as risk to reward ratio is not interesting and would rather position longs at red 2 (small position size to take into consideration the higher time frame) and I don't like to sell/ Invalidation level to the upside is 6,120.00 but I will monitor 6558.95 for a truncated cycle at 6,841.81 current high. I have a lot of comments on the charts when the view is denied. I provide my charts for free here but you have to understand that one must learn how to read them to be able to trade them and be profitable. I do not buy or sell every turn. A chart is a path but it is dynamic and one needs to understand the mechanics behind to respond to the market when a change happens. See the charts here as a guide for your own system if needed. Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames: - Daily on Sunday, - 4h once a day during Asia session and - 1h twice a day in Asia (post US) and Europe sessions. Will resume posting daily update next week Disclaimer : This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
BITSTAMP:BTCUSDLong
by The_202_Quants
2nd analysis on USDJPY 1 hour chart (SELL?)Hey everyone, This is my 2nd analysis on the USDJPY on the time frame of 1 hour. As you can see, I have circled the candle stick patterns everywhere where the market wants to make a turn or has made with the well-known bearish and bullish patterns. June 13 began the analysis with a 3 bullish pattern which is a bearish candle pattern where the market threatens to go down. 3 hours later it is confirmed with a bearish night star pattern. broken the support and created a new floor where the price was difficult and the floor tested several times. An hour later where a high impact news probably took place and the resistance broke and came back indicating that the shadow is 2-3 times larger than the body which is a sales feature. With the famous tweezer tops knowing a good sell-order to be able to place. The support to have broken and on the way to the next support zone where bled and respected. After 7 hours of support to have broken without a known pattern and almost 30 pips falls to a strong price level where it is respected. Where expected, price is going to rise. inverted hammer, fortress, doji and the bullish engulfing are discussed. which clearly means that the price will rise and that happens with almost 100 pips to the tweezer tops. on the way indicated the 1st and 2nd pullback to create an entry point for a buy order I usually step in at the 1st and 2nd the 3rd never. With the tweezer tops, the price level was respected and the bullish pattern indicated for a sell-order and almost 40 pips dropped. Completed at the level of support that is respected, a familiar pattern of 3 candles is formed. The bearish III is expected to be a heavy fall, but it will not go through support, which is also a good sign for the future. 4 hours in consoladation what good scalp opportunities were, a doji is created which after 2 hours follows a 2nd doji which usually means that the market makes a turning point. but that ends against resistance What I think the market will do is respect the resistance by the fact that last 2 doji took place and the price level in the past has been respected several times, but where broken, it has returned to the old price level. Let me know what you think or what I missed and hope that our prediction comes true. Thanks for reading and watching my 2nd analysis, hope we are at the same level. see you guys.
by JSth3Kid
POSSIBLE FUTURE FOR AUGJPY FIRST OF WEEKHere are some signs of possible bullish bias for next week for the AUDJPY Day Chart double bollinger bands - price closed above BB midline bullish bias 4H Chart - Macd crossed above zero line and Price closed above 100 sma bullish bias 1H showing possible bearish retracement back to the 50 sma area, macd over bought 15m showing possible bearish retracement back to 50/100 sma, macd over bought Take Profits will be in updates below
Long
by Tradingstrategyguides
DASH SPIKE & LEDGE REVERSAL CRYPTO STRATEGYStep #1: Dash cryptocurrency price needs to show a steady rise that suddenly accelerates to the upside. When this reversal pattern is complete, it will resemble a cup with a sharp bottom. This sharp acceleration usually is the last stage of a bull cryptocurrency market, and it’s followed by a sharp reversal if all the trading criteria for a valid Spike and Ledge are met. In technical analysis, professional traders also refer to this last spike as being an exhaustion reversal bar that has a high probability of signaling a reversal in the Dash price. Now, before we can trade successfully, we need to understand that this key climax reversal bar needs to follow specific trading rules. More specifically, this exhaustion reversal bar needs to follow three rules, which we’re going to highlight next. Step #2: The exhaustion reversal bar needs to be bigger than the previous bar Relatively speaking the exhaustion bar, which should be the last bar within the downtrend, needs to be bigger than the previous bars. However, this is not mandatory. Ideally, the bigger the climax bar is in comparison with the other bars within the bullish trend, the more profitable the reversal pattern becomes. Step #3: The climax bar needs to develop at a key sup/res level or after breaking a key swing low/high We can’t stress enough the importance of location in trading. Many times you’ll notice that a chart pattern will fail, but that’s not because that price pattern has stopped working. It’s often the case that you don’t have the patience for these patterns to develop at the right location. In order for the Dash cryptocurrency trading strategy to work we need to wait for the exhaustion bar to show up at the right location. Step #4: The exhaustion bar develops after several bullish impulsive bars We need to make sure that the exhaustion bar occurs after several bullish impulsive bars. These impulsive bullish bars will make the appearance of a bullish trend that will trap many sellers once the tide turns. And that’s how retail traders trade the markets, but to trade profitably, you need to trade against the retail mindset. Step #5: After the upward spike, wait for the market to enter into a short period of consolidation or channeling. Usually, after the Dash cryptocurrency price had that last spike up the market will take a pause to digest the recent move, and it will start moving into a short period of consolidation or channeling. Simply, draw two parallel lines to contain this price range. Now, this is what we refer to as being the “Ledge.” The Spike and Ledge reversal pattern satisfies all trading conditions outlined above which mean that we can move forward and describe how to sell Dash coin. Step #6: Sell Dash coin when we break below the Ledge A short trade is entered on the breakout of the Ledge. This is an easy entry method, but in order to avoid the short-term noise and the usual false breakouts, we need also to wait for the breakout candle to close below the Ledge. Step #7: Place your protective Stop Loss above the Exhaustion bar The initial protective stop loss is placed on the other side of the reversal pattern. You hide your stop loss above the exhaustion bar. Step #8: Your Take Profit needs to be two or three times bigger than your risk aka your stop loss. As a general rule, you do want your take profit to be bigger than your stop loss. This is very important to your long-term survival in this business. However, you can achieve your profit target goals by using your preferred strategy when it comes to exit the market. We encourage you to experiment different exit strategies and see which one yields better results. Note** the above was an example of a SELL trade using our favorite Dash strategy. Use the same rules for a BUY trade – but in reverse. PM me if you want to read the complete strategy
POLONIEX:DASHUSDShort
by Tradingstrategyguides
10
GBPAUD 1H BIG 3 BULLISH REVERSAL TRADEPair has been in a long term bearish trend Market is ready for a bullish pullback but timing will be the issue Pair in a triangle chart pattern Long Trade Since timing is the issue wait for your buy stops to hit 1st Buy Stop - 1.7765 2nd Buy Stop - 1.7805 3rd Buy Stop - 1.7875 Take Profit Option 1 - Close all trades @ 1.7922 Option 2 - Close 1/2 profit just before 2nd Buy Stop and then enter again with 2nd Buy Stop Close 1/2 profit of 2nd trade just before 3rd Buy Stop and then enter again with 3rd Buy Stop Short Trade Enter short trade with a 15m break-hook-go chart pattern 1st Take Profit @ 1.7639 2nd Take Profit @ 1.7600
by Tradingstrategyguides
CRYPTO of the week BTCUSD still in play - expect choppinessBTCUSD 1H ASIA UPDATE - 15/05/2018 Bitcoin held 8,208.81 and as long as this level stands we should see a challenge of 9,393.00 and 9,948.98. Until those levels break, I expect choppiness. Preferred view is cycle from 8,208.81 is ended at 8,900.90 but this cycle can extend in a leading diagonal as well. So I am in position from 8,418.64, stop 8,205.00 and won't touch anything for now. Invalidation level to the downside is 9,948.98 Invalidation level to the upside is 8,208.81 for now. Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames: - Daily on Sunday, - 4h once a day during Asia session and - 1h twice a day in Asia (post US) and Europe sessions. This week 13/05/2018-19/05/2018, I propose BTCUSD Disclaimer : This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
BITSTAMP:BTCUSDLong
by The_202_Quants
CRYPTO of the week BTCUSD on a hot seat ... OptionsBTCUSD 1H EUROPE UPDATE - 14/05/2018 bitcoin bounced as expected at equal leg area. the bounce was short lived and the sequence to the downside took the form of a FLAT with challenge of 8,286.57. As long as this level holds, view unchanged. If it breaks lower from there, count will be adjusted to a double correction. As I'm already in a trade, I won't buy or sell here or higher but if the double correction happens (and I get stopped out) I will buy lower when structure will be known/ And where it can go wrong in 15min chart Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames: - Daily on Sunday, - 4h once a day during Asia session and - 1h twice a day in Asia (post US) and Europe sessions. This week 13/05/2018-19/05/2018, I propose BTCUSD Disclaimer : This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
BITSTAMP:BTCUSDLong
by The_202_Quants
CRYPTO of the week: BCHUSD getting closerBitcoin cash has ended a sequence from 1,450.91 high at 1,242.17 and from current levels should see a marginal new high in 15min to complete red -4-. From there, I'd like to see a new low with a RSI divergence forming as that would indicate the red -5- is in progress. For now, I see a motive 5 waves in the making in red -3-, so a succession of marginal new low before the final leg. Equal leg area is 1,138.83-1,056.51 where buyers should appear. However, below 923.26 caution should prevail and structure might need to be reassessed. Invalidation level to the upside is 599.49. Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames: - Daily on Sunday, - 4h once a day during Asia session and - 1h twice a day in Asia (post US) and Europe sessions. This week 29/04/2018-05/05/2018, I propose BCHUSD Disclaimer : This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
BITSTAMP:BCHUSDLong
by The_202_Quants
CRYPTO of the week: BCHUSD - hoping for correction to buy lowerBCHUSD 1H EUROPE UPDATE - 30/04/2018 bitcoin cash has completed red -1- and red -2- and as long as below 1,487.65 it should trade lower. RSI trendline is broken and we can call cycle from 1,225.55 completed at 1,487.65. I don't like to sell here and would prefer to position longs at equal leg area 1,138-923.36 for at least a 3 waves bounce or higher. Invalidation level to the upside is 599.49 Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames: - Daily on Sunday, - 4h once a day during Asia session and - 1h twice a day in Asia (post US) and Europe sessions. This week 29/04/2018-05/05/2018, I propose BCHUSD Disclaimer : This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
BITSTAMP:BCHUSD
by The_202_Quants
5
ETHUSD correction is not done yet - the power of the 5 wavesSequence from 595.00 ended in corrective 3 waves to the upside that failed below 710.95 as expected. As long as the 710.95 high holds, we should see one more sequence lower to 568.30-496.18 where buyers should appear. As the move from the lows in 4h is only a corrective 3 waves, I would stay on the sideline. Better setup in xmrusd and zrxbtc for what is posted on TradingView Invalidation level to the upside is 358.40/ Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames: - Daily on Sunday, - 4h once a day during Asia session and - 1h twice a day in Asia (post US) and Europe sessions. This week 22/04/2018-28/04/2018, I propose ZRXBTC Disclaimer : This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
BITSTAMP:ETHUSD
by The_202_Quants
2
CRYPTO of the week: ZRXBTC 1h update First shot at it?ZRXBTC 1H ASIA UPDATE - 26/04/2018 The sequence from 12,452 high ended at 10,629 in the form of a motive 5 waves calling for another low (FLAT option always remain on the table) and bounce happened as a FLAT to 11,982 where started the second leg of the cycle from the highs. Equal leg area projects 10,159-9,729, with possible extension at 9,032, where buyers should appear for at least a corrective 3 waves to the upside. Aggressive traders would take a shot in 15min time frame and protect their position when we reach 50% of the cycle from 12,452 high. Don't chase here and do not open the stop. If you stopped out , move on and buy lower at the equal leg. However, be aware that equal leg area is a bit shallow to correct the all cycle from 4,922 low and I expect a double correction in coming sessions. I don't like to sell here and would prefer to join buyers lower, either at purple 1 or blue 1 as per the 4h chart. Invalidation level to the upside comes at 4,922 Invalidation level to the downside comes at 12,452 Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames: - Daily on Sunday, - 4h once a day during Asia session and - 1h twice a day in Asia (post US) and Europe sessions. This week 22/04/2018-28/04/2018, I propose ZRXBTC Disclaimer : This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
ZLong
by The_202_Quants
CRYPTO of the week: ZRXBTC 1h Asia 25/04/2018ZRXBTC 1H ASIA UPDATE Cycle from 9,715 low is still alive and while above 10,920 we should see 12,732-13,163, possibly 13,860. Break below 10,920 would end the cycle from 9,715 and put pressure in 9,715 (which is soft support and should not be used as stop). So if this happens, we might still be in purple 4 with a FLAT from 18/04/2018 high. To be noted that we have enough swings to the upside for purple 5 to be completed and therefore cycle from 4,765 low to be ended as well, so I won't chase here higher (I'm out of position since 10,920). I don't like to sell here or higher as well. Invalidation to the upside is 4,764 as there is no sequence in motive 5 waves. Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames: - Daily on Sunday, - 4h once a day during Asia session and - 1h twice a day in Asia (post US) and Europe sessions. This week 22/04/2018-28/04/2018, I propose ZRXBTC Disclaimer : This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
Z
by The_202_Quants