Diagonalsupport — Trading Ideas on TradingView

Why I opened BTC short when price rejected at 17.4K. Hi everyone, in this analysis I will explain why I opened short position when BTC was rejected at 17.4K level which was upper band of rising wedge/diagonal resistance and 4h 200 EMA. Before that I noticed ABCD pattern which started forming at 15.5K swing low in 22 November/ A point/ and finished at 17256 in 01 December/ D point/. BTC rejected at the mentioned zone with liquidity hunt above D point then strong rejection with bearish engulfing candle=RSI bearish divergence + momentum losing+ rising wedge pattern breakdown. My first target will be at 0.618 fib level /16.5K/ which is horizontal+ diagonal support at the same time. If price can't hold 16.5K C point will be my 2d target for ABCD pattern and 100% projection of CD wave. I don't expect BTC to go lower. If you pay attention to the volume bars, there is no buying pressure. Let's see how BTC reacts at 16.5K support level. Don't forget to put always stop losses. If you like my ideas and analyses, don't forget to follow me please. I will appreciate any single follow. Thanks in advance. Don't forget to check my other analyses bellow related ideas.

DAX respecting diagonal support This is Germany's stock market index, one of the strongest economies in Europe. The index consists of the 40 largest companies listed in Frankfurt Stock Exchange. On the monthly chart we have the red diagonal line, which has been a support since the beginning, as shown in the circles. We also have the middle yellow line, which has been tested 11 times as a support. In the times when the line was 'respected', I put the green number. When the line was broken, I put the red number. Will it break down this time? Cyclically, the price reaches the red line in the month of March. So if this periodicity continues, the price would reach this line in March 2023. Or if it happens equal to 2011, at least it would come close in September this year. At least in the short term, the scenario does not seem to be the best, and this is true for all markets. The monthly MACD is pointing down, which is not a good sign. But just because something happened in the past doesn't necessarily happen in the future. This is just a prediction and a question.

Ethereum's make it or break it!Whilst Bitcoin has shown clear technical signs of a bullish reversal (see earlier posts) and a C-phase of a Wyckoff accumulation, Ethereum is at a make it or break it point. Just like Bitcoin will be inherently bearish should it break below $30 000, Ethereum so far shows strength after having wicked on the diagonal primary trend line on the weekly. This area neatly coincided with the 618 fib. IF, however, Ethereum were to break these levels of support, things can turn sour and they can turn sour FAST! As we can see, Ethereum recently made an upper bearish blue RSI closing (for more on this, please watch the RSI trilogy on YT). The last time this happened was in February 2018 (see blue arrow) after which Ethereum proceeded to lose no less than -90% of its value over the upcoming ten months. Bitcoin and Ethereum both stand at an important cross roads. And as technical analysis is all based on probabilities and in identifying key areas of importance, as long as Bitcoin holds up its $30k support and Ethereum can defend the zone on the picture things do look good. On a final note, when things look good technically but feel bad emotionally, you're usually on the right track. That's why it usually feels great to buy at the peak and sell at the bottom. Adhering to the opposite whenever the technicals speak in favour for the bulls and vice versa is the winning path to go.

ONE THOUSAND TO ONE MILLION IN CRYPTOCURRENCY TRADING STRATEGY Dear Traders and Hopeaholics alike, as the self-proclaimed President and Founder of HOPEAHOLICS ANONYMOUS (or HA for short), yes I know you are going to laugh at this strategy... many have, but it is me having the last laugh HA HA HA... I hear you...but this works! And the strategy is FREE, no paid course, and simple to use! THE ONLY WAY TO MAKE MONEY - IS TO MAKE YOUR OWN!!! Let me break it down, it is a COMPOUND TRADING STRATEGY , based on 3% minimum PROFITS with a strict 3% maximum STOP LOSS . The 3% stop loss is where some traders laugh, (HA HA but again I am the president of HOPEAHOLICS ANONYMOUS so please keep laughing it is good for the soul) When applied correctly at the cross support entry on bounce there should be a minimal loss. You MUST include the wicks when drawing your diagonal cross supports, it is again essential for this strategy to work in the high volatility cryptocurrency market. I recommend setting an OCO order, this stands for ONE CANCELS THE OTHER. You have stop-loss protection and sell order and can go about living your life. As you can see on the chart cross-supports are drawn from 2 intersecting diagonal supports crossing, this forms a stronger support zone and for this strategy to work, we need a minimum bounce of 3%, yes 3% compounded per day will give you ONE MILLION DOLLARS in around a year with the occasional 3% loss. This is not about winning every trade, it is about having the discipline and strong money management, not chasing trades midwave, having patience for the entries to come to you. 3% IS ACHIEVABLE IN ANY MARKET - BULL OR BEAR! The beauty of a bull market is we can target resistance regions, in the case study shown here this is a 50% move, broken down into dollar value, starting with $1,000, this trade would have gained you $500 in profits bringing your capital to $1,500 which would then be compounded into the next trade. This theory gets harder as your capital grows, as market liquidity can be an issue, and your funds will need to be divided into several trading positions. BUT with each minimum 3% trade you are one step closer to your MILLION DOLLAR GOAL. It can be optimal to watch indicators such as the RSI and MACD, but not essential for this system to work, when both are as shown the chart patterns will give greater trading percentages, but as I said not necessary as we are only trying to achieve 3% per day. FOR BEGINNERS - I recommend commencing paper trading your entries and exits to gain confidence without risking your capital to commence with, we want you to be successful and making $$$ ************************************************ When trading, always know you are in control 100% as you are pushing the buttons, and it is YOUR money/cryptocurrency you are trading. BUT let me tell you this... at HOPEAHOLICS ANONYMOUS and in my world... ANYTHING IS POSSIBLE!!! SHOOT FOR THE MOON - EVEN IF YOU MISS YOU'LL LAND AMONG THE STARS, BUT AT THIS STAGE I AGREE WITH ELON AND THINK WE ARE ALL HEADED TO MARS!!! ********************************************** If you are unsure of direction or feel you are over trading I have a moto. IF IN DOUBT SIT IT OUT! There is no shame in not being in a trade. Stick to your game plan, wait for a set up to be confirmed, and ONLY take a trade if it all aligns. So please I welcome your comments and CONSTRUCTIVE FEEDBACK - ALL HATERS WILL BE FLAGGED AND REPORTED! And remember, there is NO RIGHT OR WRONG in trading - just money management! REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!! <3 Lisa DISCLAIMER: The Legal stuff - I'm not a financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons... PS make sure you give me a like, that way you get updates as I post them.... :) <3 THE ONLY WAY TO MAKE MONEY - IS TO MAKE YOUR OWN!!!

EURUSD Target Price 1.23496 EURUSD Eurodollar

How To Trade Channels?The above chart shows what is called a “channel” in trading. It is basically diagonal support and resistance (a.k.a Trend-lines). The area in between is known as a channel. The red zone is said to be the perfect entry area for sells whereas the green is for buys. How To Find The Zones? Using the “Parallel Lines” tool, draw the diagonal S/R then measure the first candle/wick that starts the channel and that area is where you would get entries with the least possible drawdown.