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XLM / BTC. Channel 50%. Double bottom. Trend line. Pivot pointsXLM / BTC. Horizontal channel 50%. Now the price is at the bottom of the channel, if support is confirmed and an upward local movement begins, the potential for the first resistance is + 50%. Price rests against a downtrend (red line) of the main trend, breaking it and fixing above it can mean a trend reversal. A double bottom may form. The potential of the first upward movement when the trend changes to an upward 50-165%. Pivot points (zones) are shown on the chart. Fixing prices above 0.00001300-0.00001500 will mean a new upward cycle. ENTRANCE + TARGET 1) Now (at the bottom of the channel). + 50-165% 2) On a breakthrough, or rollback after a breakthrough of the main downtrend line (red line). + 100-120% 3) Price fixing above the zone of 0.00001500. The full potential of the new uptrend, goals on the chart. Stop loss Under key support levels during your entry into the market. Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin. Former trading we go on this pair of XLM / BTC: XLM to BTC is not yet bottom. From this level there may be a movement of + 35-90% May 2019. XLM Falling wedge. Cyclicity. + 32%, + 42%, + 52%, + 62%? July 2019. Trading idea to the dollar XLM / USD XLM (Stellar) / USD downward channel. Work on a coin.
by SpartaBTC
TRX / BTC Falling Wedge. Cycle. Work on a coin.TRON after a local maximum formed a local downtrend. This trend has formed a downward wedge . If this wedge works out on a global scale, a double bottom will form, which will become a reversal pattern of the main trend. ENTRANCE 1) on the breakthrough of the line of resistance of the wedge . (maybe it’s happening now). 2) on confirmation of support in the region of 130-150 satosh if the price reaches there. Stop loss Under key support levels during your entry into the market. Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin. TARGET On the chart, I showed the first potential movement when trading in a local trend. To see in the global where the price is, look at these previous training ideas, where this coin was used as an example. 1) TRAINING. Theories of the Dow. Types of trends. Phase TRON. There is still a bit TRON Lateral movement. Possible formation of a double bottom .
by SpartaBTC
ETH / BTC. Work on a coin. Reversal zones. Double bottom. + 35%After breaking through the previous horizontal channel that existed for almost a year, and lowering the price exactly to the width of the channel, the price formed a new channel. At the moment, the price has begun to form a double bottom figure, with a mining potential of + 35% . You also need to understand that above the price of the local maximum there is a very strong resistance of the mirror level and a downward trend of the local trend, which will act as an additional load on the price movement. If the price cannot overcome all these obstacles, then the lateral movement in the horizontal channel will continue, which is not so bad as the channel pitch of 35-40% . Watch channel support if price returns to it. Also pay attention to the downtrend of the main trend (red line) - if the double bottom works, then the price will overcome it, therefore, this is the potential for the reversal of the main trend. Comment. On May 20, bitcoin halving, if the price is driven up, then in this pair the price of ETH will decrease, which is logical. And vice versa. So use this opportunity in arbitration BTC-ETH ETH-USD BTC-USD . It is very profitable. I have a teaching idea about this. ENTRANCE and TARGET 1) The entrance is now with a potential of about + 20% to the channel resistance (yellow zone). Further along the situation, how will resistance be overcome. 2) The entrance at fixing prices above the resistance of the mirror level is the potential of working out the double bottom 30 + 35%. 3) Enter the market when confirming support for the bottom of the existing channel, if the price returns back to the bottom of the channel. Stop loss Under key support levels during your entry into the market.
by SpartaBTC
2
DENT / BTC Wedge. Possible formed Double bottom. Pivot points.DENT / BTC After the break of the downtrend line (the line of resistance of the downtrend), the price made an increase of + 20%. And thereby a potential top of the Double Bottom figure was formed. Now the price has rolled back. Pivot points (zones) and the algorithm of potential movements I showed on the chart. If support is confirmed , a “ Double Bottom ” pattern may be formed. TARGET. The potential of the figure is "Double bottom" + 47-100%. The levels on the chart. The potential of the “Falling Wedge” figure is + 60-120%. The levels on the chart. ENTRANCE. Entering the market after confirming the level of support. I showed the area for observation. It is also possible to enter the breakout of the resistance of the “Double Bottom” figure or rollback after the breakout if this movement is confirmed. But then the potential profit is less. Stop loss. Under key support levels during your entry into the market. Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.
by SpartaBTC
2
trend may have been reversedLooking on the daily chart I can see a nice dubbel bottom. The 2 red arrows are pointing to the two specific candles I really like to see when the chart is making a dubble bottom. Also the rsi indicator has given a overbought signal on the first touch of this bottom. Price moved up pretty strong and for me this looks like a trend reversal. on the left side of the chart you can see a large sellers wick and friday the price has tested this area again. In the strong upwards move from the beginning of september price has broken this area pretty easy and now it looks like a strong support because of the rejection on this level. The candle from last friday will be my oppertunity to trade. I realy like this hanging man candle. As always my entry wil be a little bit above de buyers wick and stoploss will be a little bit below the seller wick. my first take profit point is a erea to take a look at. It could go even higher to recent high or maybe price will create a new high but I think the upper green line is a strong resistance level entry point = 132.116 stop loss = 131.237 first take profit = 134.373
Long
by Jkerssies