PrimeXBT🔥Daily Trade Ideas 🔥FREE

[Vingolle]

While the market is in the red zone it seems a good idea to post your trade ideas for marginal day-trading as volatility significantly increased.  

[asyakashi]

hopefully this is good news and it's time for bitcoin to fly, I think bitcoin won't fall back below $ 3000.
hopefully the altcoin will follow and prices will improve.

[Vingolle]

hopefully this is good news and it's time for bitcoin to fly, I think bitcoin won't fall back below $ 3000.
hopefully the altcoin will follow and prices will improve.

i advise catching short moves instead of opening the long-term positions as the market not looking confident enough

[Vingolle]

So here is the new trade idea:



The bearish shark pattern is one type of the harmonic chart pattern. The Harmonic Shark Pattern has some similarities with the Crab harmonic pattern . The harmonic chart patterns( bearish and bullish ) are more complex because it deals with the use of the fibonacci retracement and extention ratios. The following below are the steps that needs to be followed:
0 - Price drops from 0 to a low of X, then retraces up to A. This indicates the start of a move.
AB - retrace between 1.13 – 1.618 Fibonacci Extension of XA leg
BC - extends to 113% Fibonacci extension of 0X leg;
C down to the possible target - Poses a target of 50% Fibonacci Retracement of BC leg.
Once price turns at C, short the BTCUSD . Because this pattern has such a high failure rate (30%).
Always wait for the C LEG to be completed.
VERDICT:
SELL/SHORT: $4452 up to $4586
BUY:$3869
STOP LOSS:$4755
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.

[jimbo2000]

$4500 is the key resistance level, that's where I'd personally be considering selling my bitcoin and looking to buy the dip, if the price broke through to about $4700 I'd look to cut my losses. Even if we do break the $4500 resistance I don't expect it to be at the first time of asking.

[Vingolle]

$4500 is the key resistance level, that's where I'd personally be considering selling my bitcoin and looking to buy the dip, if the price broke through to about $4700 I'd look to cut my losses. Even if we do break the $4500 resistance I don't expect it to be at the first time of asking.

My opinion is that you can sell partially, and leave rest position for the resistance break level scenario

[Vingolle]

Please share your trading ideas here, let's make opportunities to profit from such a bad market

[D3m1r4wanti]

hopefully this is good news and it's time for bitcoin to fly, I think bitcoin won't fall back below $ 3000.
hopefully the altcoin will follow and prices will improve.

Your good wishes have come true now the price continues to increase and away from the price of $ 3000.
I think the price will continue to increase along with this good news.

[jimbo2000]

$4500 is the key resistance level, that's where I'd personally be considering selling my bitcoin and looking to buy the dip, if the price broke through to about $4700 I'd look to cut my losses. Even if we do break the $4500 resistance I don't expect it to be at the first time of asking.

My opinion is that you can sell partially, and leave rest position for the resistance break level scenario

This is always wise, you don't want to risk your full amount in one trade, unless you have a high risk appetite or you're only sitting on a small amount of BTC. In this market I'd never risk my whole stack on one thing happening because it's too unpredictable.

[Vingolle]

XRPUSD has gradually maintained its price move below the $0.40579.
On the 4hours time frame price has move horizontally without breaking the resistance mentioned above and at the same time has formed a chart pattern called THE HEAD&SHOULDER BOTTOM.
Head-and-shoulders bottoms are reliable chart patterns that sport a low failure rate and good average rise.
Price trend downward leading to the pattern, the Shape looks more like a 3-valley pattern with the middle valley below the others. The pattern should look like an inverted person's head and shoulders , proportional, and not lopsided. The two shoulders should bottom near the same price, be nearly the same distance from the head, and look similar (both wide or both narrow), if this doesn't show up then a lower left shoulder valley when compared to the right shoulder valley results in best postbreakout performance.
Volume presented should be highest on the left shoulder or head, diminished on the right shoulder. Trends downward 65% of the time.
The pattern confirms as a valid one when price closes above a down-sloping neckline or above the right armpit when the neckline slopes upward.
A breakout from the neckline will confirm the move up to meet the first target. Always wait for price to break out from the neckline and close above it.
VERDICT:
BUY: $0.41160
SELL: $0.43865 up to $0.52701
STOP LOSS: $0.34912
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.

[Vingolle]

3 of 3 trading ideas were successful and made for us profit near 36%

[Vingolle]

Just imagine if you were trading with 100x leverage how much could that be

[Vingolle]

Another successful trade was made with our professional trader



THE BEARISH PENNANT FLAG PATTERN
Pennants are the workhorses of the day trader. They perform an invaluable service by marking the midway point in a move. However, if a pennant is not accompanied by a flagpole, then it's not a pennant . Also, performance depends on a strong price trend leading to the pennant .
Price trend can be any direction leading to the chart pattern. The Shape looks like a short symmetrical triangle.
NOTE:
- Prices move between two converging trendlines ..
- The flagpole which leads to the pennant should be unusually steep and last several days.
- Volume trend downward trend 88% of the time.
- Breakout Upward 61% of the time
VERDICT:
SELL/SHORT: $145.9
BUY:$142.78 down to $136.44
STOP LOSS:$148.27
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk

[Vingolle]

Trade with us and make profit



Like they say the pennant flag pattern ( bearish or bullish ) is the workhorses of the day trader.
The flagpole which leads to the pennant should be unusually steep. The performance depends on a strong price trend leading to the pennant .
The flag looks more like a short symmetrical triangle, more to that is A loose pennant performs more better in a bear market.
The targets tends to be the fibonacci extension ratios. A breakout from the flag to the down side will confirm the move to touch the price label.
The price of BTC will likely go down to $3200( which is where s strong support is found).
Always wait for a breakout before taking any trade.
VERDICT:
SELL/SHORT: $3726.4
BUY: $3681.22 down to $3501.2
STOP LOSS:$3838
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.

[ber68dclass]

THE BOTTOM HEAD&SHOULDERS
Head-and-shoulders bottoms are reliable chart patterns that sport a low failure rate and good average rise.
Price trend downward leading to the pattern
Shape looks like a 3-valley pattern with the middle valley below the others. The pattern should look like an inverted person's head and shoulders , proportional, and not lopsided.
The two shoulders should bottom near the same price, be nearly the same distance from the head, and look similar (both wide or both narrow).
Most times volume is highest on the left shoulder or head, diminished on the right shoulder. Trends downward 65% of the time.
The pattern confirms as a valid one when price closes above a down-sloping neckline or above the right armpit when the neckline slopes upward.
Break even failure rate: 10%
Average rise: 45%
Throwback rate: 64%
Percentage meeting price target: 71%
A higher left shoulder valley when compared to the right shoulder valley results in worse postbreakout performance. The Shoulder Valley figure to the right shows this comparison( after completion.
VERDICT:
BUY:$137.95
SELL:$141.17 up to $152.78
STOP LOSS:$131.19

Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.

[sedahan13]

I avoid day trading with margin and for now i think better to do swing trading on the spot market. Buy and hold it for afew month, there are alot of positive news coming and this can be become support and trigger for bull market. For day trading we have to increase our knowledge in technical anlalysis and risk management, dont forget to use stop loss and trailling stop.

[nicolas1979]

This is the difficult strategy I ever know, daily trading use short term period and small range to make money. Mostly, this strategy don't read trends because not for long term period. Get panic and don't have back up fund sometimes make us very afraid to loss but I think panic is not worth and back up fund can be use on the next day. I only suggest set stop loss and take profit area in 2% - 3% in one execution not day. It will help you control emotions and fix your mistakes.

[Thanasis]

The simple and best strategy we can follow for increase our profits in crypto day trading is just by following the bollinger band and RSI with small time candles to see how the market is moving and when we can sell.But I don't support day trading it causes more damages than profits so do only if you know to make profits.

[ber68dclass]

I avoid day trading with margin and for now i think better to do swing trading on the spot market. Buy and hold it for afew month, there are alot of positive news coming and this can be become support and trigger for bull market. For day trading we have to increase our knowledge in technical anlalysis and risk management, dont forget to use stop loss and trailling stop.

Sometimes volatility decrease and the best way to trade is to trade with margin, when volatility is high you don't need margin

[el kaka22]

The simple and best strategy we can follow for increase our profits in crypto day trading is just by following the bollinger band and RSI with small time candles to see how the market is moving and when we can sell.But I don't support day trading it causes more damages than profits so do only if you know to make profits.

Having more than one technical analysis and trading at the points where two or more analyses coincidence, we may take them as they are confirmed reversal point. I am trading based on 200day moving average along with pivot point analysis.

Sometimes I do get stuck due to unexpected volatility but I'm just trading BTC against USDT hence I never need to worry about potential losses as I am always switching over my day trading into positional one and I will be holding them for months until recovering my losses. We can go for combining any technical analysis for having confirmed trading calls. But, we need to test them in real time before following them in live markets.