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Necklinetrade

BTCUSDT wants to retest the Neckline?The price createad a W pattern on 4h Timeframe inside an ascending channel, and now the price is testing the 4h support above the daily structure. the market could retest the W neckline How to approach it? IF and ONLY IF the price is going to lose support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
12
BTC/USD - Will Price Retrace to Neckline?So a couple months back a colleague and I joked about how technically, BTC's price should see some kind of huge pullback and retest its neckline area. With how much crypto has grown in previous years and seeing what kind of potentials it has moving forward, it was just kind of hard to believe that price would ever have that drastic of a pullback. Well here we are today and now seeing BTC not being able to catch any kind of support and it just goes on to make me wonder. Anyways, personally, I'm a bullish trader when it comes to the crypto market and I'm currently sitting on the sidelines waiting for price action to give me a sign that it's time to reinvest. I truly do believe that the growth that we have seen in the crypto market since March of last year is just the beginning of a massive bull run and that in years down "Crypto" will be added to the list of "Investments of the Decade". As far as which coins make it, let's put it this way. Between CoinGeeko and CoinMarketCop there are between 7500-10,000 "legitimate" crypto currencies on record. Even if 99.5% of these cryptos were to die off by the end of the decade, you would still be left with 375-500 different cryptocurrencies. In conclusion, I personally still don't believe BTC's price would ever fall to this level, I just thought it would be an idea that someone else out there might enjoy thinking about. Until next time.
BITSTAMP:BTCUSD
by Trump4FxPresident
EURNZD Long AnalysisWeekly Price found support and has been consolidating after a long downtrend. The previous weekly candlestick was a large bullish candle, which showed there was a significant amount of bullish pressure. Daily Price appear to have found support and formed a double bottom, which is a bullish candlestick pattern. After the formation of the double bottom, I am expecting price to make a retracement to test the neckline. The neckline also corresponds with the 50.0-61.8 Fibonacci level Here is where I will be looking to enter a long position.
Long
by NoCeilingsTrading
EURGBP Long IdeaExpecting some bullish pressure of the EURO. Price made a bearish fall but ultimately respected the monthly trend line. Price then formed a double bottom (which is a bullish candlestick pattern) There was also bullish divergence confirming that price was ready to make a push to the upside. I am looking to enter a long positon, once price make a retracement and test the neckline of the double bottom, which also will fall between the 50.0 and 61.8 Fibonacci level.
Long
by NoCeilingsTrading
$NEO/USDT 4h (Binance Futures) Inverted Head & Shoulders retestNeo seems to be preparing for next bullish move, after a clear retest of the iHnS neckline! Also, we can see that 100EMA is supporting it so even more reason to enter a swing trade now. Current Price= 39.780 Buy Entry= 39.752 - 39.152 Take Profit= 48.981 | 64.997 | 99.482 Stop Loss= 34.689 Risk/Reward= 1:2 | 1:5.36 | 1:12.6 Expected Profit= +48.30% | +129.50% | +304.32% Possible Loss= -24.14% Fib. Retracement= 0.786 | 1.272 | 2 Margin Leverage= 2x Estimated Gain-time= 1 month
Long
by TradingOn
STORJUSDT waiting for a pullback 🦐STORJUSDT waiting for a pullback after the price had a breakout downward. If The price flip the neckline as resistance, According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
6
XMRUSDT is testing a neckline 🦐XMRUSDT is testing a neckline of head and shoulder created on monthly resistance. the price bounce on weekly trendline and on 0.5 fibonacci Level. IF The price will break the neckline we can see a new impulse, otherwise the price could retest the weekly trendline. According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
XLong
by InkyGrip
4