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Tradingstrategies

BTCUSD - Another angle to see this correctionBYBIT:BTCUSD 4H chart - We talked about the predicted end of correction on last post(as below) - Vegas tunnel/Chart pattern/Support judgement were used on last analysis. In this post, I'm gonna propose another point that BTC might reach in near future. - From the right side right, you can notice a M pattern formed and price directly went down after breaking through neckline $62222. We use Fib to presume the target of M pattern, and see 55261.5 is the best place to hit from the momentum of M pattern. However, BTC is approaching to the Vegas tunnel 576/676 and Support zone we mentioned on Nov 17th. So it might get effective support and not hit 55261.5, what we need to do is keep observing if a new pattern formed around here. Obviously, we are still in a bull run. - Trading Strategy Profit targets: a) 59393~61999----Fib(1.272~1.382)--->Already Hit! b) 67590----Fib(1.618)--->Already Hit! c) 76640----Fib(2) Anyway, never forget to control your risk - Let's see where BTC can bring us to! - If you like this analysis, smash the "like button" and leave a comment below to share your thousghts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
BYBIT:BTCUSD.PLong
by EthanTW
1
BTCUSD - End of correction and Nice entry timingBYBIT:BTCUSD 4H trend chart - Remember that opportunity comes from waiting ! After BTC reached TP1/2, it starts correcting intensely and forming a descending tunnel in 4H chart. During this pullback, here are some effective support level we can notice. 1. Vegas tunnel 576/676 ema Since surging from 44000 to 69000, BTC hasn't hit these two ema for a long time. Now it is approaching to both, so it'll be a good position for entry if hit 575/676 ema and go back to 12ema rapidly. 2. Long-term support area This green zone is build from neckline which is made of a big double bottom(from April to October) 3. Descending tunnel Descending tunnel is a good pattern for whale to accumulate BTC volume, we usually take entry after the upper trend line gets broken. With 3 points above, we can try to expect BTC is keeping consolidating in this tunnel and getting support around the intersection (yellow circle). Therefore, if you are a long-term bullish traders, can enter BTC there. Also, we can take entry after the upper downtrend line is taken out which is a safer way. - Trading Strategy Profit targets: a) 59393~61999----Fib(1.272~1.382)--->Already Hit! b) 67590----Fib(1.618)--->Already Hit! c) 76640----Fib(2) Anyway, never forget to control your risk - Let's see where BTC can bring us to! - If you like this analysis, smash the "like button" and leave a comment below to share your thousghts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
BYBIT:BTCUSD.PLong
by EthanTW
2
BTCUSDT updateI shared my detailed EW counting before, and I want to share it again now. Based on my counting, the 5th wave is completed and we are in the big ABC correction. Completing the 5th wave here completes the B wave (red b) and we are going to see the C wave to the downside. Still, I'm not sure about the accuracy of this counting, but it makes sense to me. It's still too soon to talk about trend reversal, but it's good to have different scenarios for your future moves. We see divergence both in RSI and OBV. Also, RSI broke the bullish trendline to the downside which is another sign of weakness.
BITSTAMP:BTCUSDShort
by Mrcryptotracker
DASHUSDT - is going higher now?BINANCE:DASHUSDT 1H trend chart - DASH left a long upper shadow line today. Now, it already broke the downtrend line, but there is definitely some resistance around the shadow line. We can try to take entry here or wait for price to stand above 232.6 w/o wicks top, and trading strategy as below. - Profit Targets: a) 247.8----Fib(1) b) 264.8~271.7----Fib(1.272~1.382) c) 286.5----Fib(1.618) Stop losses: a) 218-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
1
✅AVAXUSDT - Spike and so close to TP3 as predictedBYBIT:AVAXUSDT - Congrats! You must have a nice profit right now if you're following the trading strategy as below - As usual, do not forget to take profit at every TP gradually, you can hold the rest until TP3. Just take it anytime you satisfy. - Moreover, I set two new SL which are $94.205 to protect your unrealized profit. Have a good day!. - If you like this analysis, smash the like button and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
5
✅WOOUSDT - Bigger handle hit our TP2BYBIT:WOOUSDT - Congrats for you guys who following the trading plan as below. - We did set a handle before, and it built a bigger one eventually. After the handle pattern completed, price start going up till our TP2. - As usual, do not forget to take profit at 2nd TP we set, you can hold the rest until TP3. Just take it anytime you satisfy. - Moreover, I set a new SL $1.6943 to protect your unrealized profit. Have a good day!. - If you like this analysis, smash the like button and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
3
WOOUSDT - Entry timing of Cup and HandleBYBIT:WOOUSDT 1H trend chart - WOO is forming a cup and handle pattern, and we are approaching to the end of handle. If price can break out the upper downtrend line, trading strategy as below. - Profit Targets: a) 1.6834~1.7032----Fib(1.272~1.382) b) 1.7458----Fib(1.618) c) 1.8146----Fib(2) Stop losses: a)1.5612-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
2
HT-USDT price prediction #Houbi Token (HT) I researched this project, which is an exchange. They are building a great ecosystem like what Binance did before. Personally, I missed Binance and couldn't get a good profit from its run. But I believe HT would be a second Binance. So I bought a relatively big bag here. If it drops to the support area (the green box), I will start laddering on the way down. For short-term trade, if it can break the bearish trendline, TP1 would be around the channel mid-line, around $20. I expect to see it around $100 by the end of this bull cycle. Current price: $9.78
HLong
by Mrcryptotracker