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Breakoutzone

BTCUSD: Descending Triangle On 4hr Chart To Look Out For?VPVR (Visible Range) shows median traded price at $9180 level with the support level of the descending triangle at $9020. Note this is also the 200 Day MA level, therefore this is not a short call. The measured move of -8.5% calculates the price target of $8250, which is another VPVR level of median price from the recent volume history from the breakdown of the Weekly descending triangle . Nonetheless, a 4hr close below $9020 would be bearish with a Daily close below the 200 Day MA required to confirm bearish bias. The descending triangle pattern will enter the breakout zone after 75% completion on November 5th 20:00 GMT.
BITSTAMP:BTCUSD
by dragononcrypto
#bitcoin 1D - The bigger pictureGoing from the H4 to the Daily, where we can see much better, where we are standing. It should be clear, that our Hotspot is slipping more and more out of reach and targets will faint and crawl lower the longer this is going to take. Our Leadline is in place, and as long as it doesn´t get broken I am not overly concerned, but also not denying a potential further consolidation to $8k. To be honest I´d like to see bullish movement and volume rather today than tomorrow. We should not forget that the overall target to break remains the Yearly R1. _____________________________________________________________________________ No financial advice. NeruSuite v5 - advanced technical analytics tool. #dyor
BITMEX:BTCUSD.P
by Gl4diator
Break out and confirmationGBPUSD has reached top label of the H4 resistant label. I could be break the resistant label. Or it could reverse. If it break the H4 resistant label you can buy in this zone (1.27833 -1.27499) and your TP-1 would be 1.28966 TP-2 would be 1.29574 If it reverse from H4 resistant label you can open a sell trade from this zone ( 1.27430 - 1.27202) and your TP -1 would be 1.26304 TP-2 would be 1.25783 Don't forget to move your SL And you can close half your trade after reaching TP -1 and move stoploss to the entry label and wait for reaching TP -2 Thanks for watching my analysis. If you like this analysis Please =====> Like or share.
by MohammadAbir
ASCENDING TRIANGLE? HIGHER HIGHS LOWER LOWS - TAKE A LOOK!As you can see bitcoin is moving in an ascending triangle pattern which would indicate if this is true that we will see a few more dips, and potentially a break through up. Of course this pattern could be completely incorrect because of the 5000 bitcoin sell off for incorrect price in an attempt to manipulate the market, but still it is an interesting pattern, and would possibly confirm we are going up not down. this isn't meant to be used as advice for trading, but is for education purposes only. Let me know what you think!
BITFINEX:BTCUSDLong
by RsiWolf
The Ultimate Nasdaq Breakout Trading Plan [10x-100x Potential]I love penny stocks and small caps for so many reasons as a full-time retail trader. I don't wanna advocate it, or get philosophical if blue chips are better or not so let's just talk money. The volatility you observe on small caps are many times far greater than cryptocurrency itself, and it's far less popular, so less manipulation and fewer robots - most of my strategies and indica tors have clearer signals trading small caps. We are talking about a stock that was traded at $1000 and now is at $3.6, that's what I call a good range. The actual price is nothing less than 163% of the 52 weeks lowest low, once again, that's what I call a good range. That said, let's get at it. This is my basic trading setup, the left part of the screen is basically my screeners , I keep track of 20 assets that I previously filter with fundamental and news research. From those 20 filtered assets, it's where TA comes in handy. Spectrum Screener tells me without with one glance what I should look at now without wasting my time analyzing chart by chart. Usually, I pick the 4 best assets and divide my daily trading capital among those 4 positions. The position sizing has a very specific rule, where there are weights based on a grade that I give to each and every trade based on how likely I think that it will be correct. This asset had over $500k in traded volume that tells me I should not trade anything above $5k/daily to be able to enter and exit fast if needed. (1% of total daily volume) Now we know how much I'm trading, I take a look at the bigger timeframe on the lowest right chart(D) - that will give me the overall idea of what is going on and what strategy I'll choose. Once I knew it was a breakout, I picked one of my strategies that I think fitted best and I'm following it. The way I do it is through a smaller timeframe chart, so that gives me more precision with my entry price. The Gray Breakout lines are not aligned at the same price because the D was unprecise and I like to use price lines with high + low / 2. I like how it gives you a better overall idea but it's not really good for final entry/exit prices, you want to use it to understand what you're dealing with and what strategy you should use - lines are great for that, also H+L/2 removes a lot of noise. That said the rest is really self-explanatory. ATM I'm up more than ~+4% and my stop-loss is set for a ~+1.5% profit, I do that to not transfer a winning trade in a loss. By raising my stop-loss I get rid of amateur losses and let me eliminate unnecessary risk. Let's say we get stopped and I'm out with +1.5% profit, there are two scenarios the asset dives down and we avoid a horrible situation or it goes back up. In case it does go back up we already have a minefield of buy-limit orders and even a small order stop-buy order on the stop-loss level just in case we miss the bottom. In this way, we eliminate all the downside and only get in when risk is minimal once again. Now the strategy is pretty simple and we use just a few simple yet robust features from Spectro M . The volume analyzer, Specter Clouds, XConfirmations Reversal Warnings and the classic Spectro Oscillator itself. How I used them is explained and compared in the chart. You can use this similar approach for other breakouts. Also, raise your stop-loss wisely. In this topic, I'll not discuss risk management so pick your favorite protect-profit strategy.
RLong
by spectertrading
technical break in the Dollar Index, sustainable?In the past week we have seen a textbook technical break in the DXY on wednesday, with a test of the 91.00 (resistance turning support) on thursday, prior to pushing the market higher. On friday however, during London opening hours the price surged higher, but quickly lost appetite and slipped slightly lower than the opening price. A very clear Shooting Star candle appeared on the Daily candle. At the moment, the shooting star does not mean much yet, we will have to await confirmation on Monday, if price fails to break the high of friday, we might find ourselves back within the range of 2018. It could be that the 91.00 level offers support to the bulls which could lead to a retest/break of the high. Only time will tell, but i wouldn't treat it as a definitive break, just my2cents.
TVC:DXY
by Jeremy_van_der_Staaij