longsonvn

After a rough sell-off last week the market seems to get stabilized. Both BTCUSDT and ETHUSDT are setting up for a new buy point. For BTCUSDT, you can see the idea in the related ideas section. For ETHUSDT, I am expecting it will cross up the resistance $2730 and I placed a buy stop order at this price level.

On August 10, 2024, BTCUSD is trading around $60,650 at the time of my writing, and I think we can use the setup as on the chart for a new buy point when BTCUSDT will cross up $62,800 The chart is in 4h timeframe. I have an additional reason for this buy point on daily chart, as you can see below, this is also the level around the MA-50/200 which are very closed to each other now.Death cross? Maybe. But I think keeping the trading signal simple is more important. After all, we will close the trade if the price will move down these key MA. Therefore I don't think we need to worry much about death cross.

Together with BTCUSDT , on July 15, ETHUSDT closed above its MA-50 for the first time since June 23, 2024. During the last 3 days, it was trading around this moving average and currently still keep holding above it. I started to open a new position with ETHUSD here with a stop loss below the MA-50.

On July 15, BTCUSD closed above its MA-50 for the first time since June 15. During the last 3 days it was trading right around this moving averages and currently is still holding above. Hence I started to open a position here with a stop loss below the MA-50.Trade active: Retested the MA-50 on July 25. So far there is nothing wrong with the price action and we continue to hold on this position.Trade closed: stop reached

After a 20% run up with the ETF approval on May 20, 2024, ETHUSD started to form a bullish flag and moved out on May 28. The flag is above the rising MA-10. The move out provides a buy point here ($3900) with the $4700 target

After crossing up MA-50 on May 15, 2025 and successfully follow-through, as mentioned in the post that you can see in the related ideas section, BTCUSD is now trading right below the yellow trendline which we can draw from March 14, 2024. A breakout above this trendline would provide an additional buy point (the first buy point was mentioned in the post in the related ideas section)Trade active: Broke out well. Now a pull back is definitely possible but the key to watch is that whether it will go back down below the trendline or not. If it will, I will close my position.Trade active: As of May 26, 2024, BTCUSD have successfully tested the trendline one time and continues to act well. We are still holding our long position.Trade active: As of June 17, 2024, BTCUSD is trading right around MA50 and might go down further, we put the stop loss for our position at 64,500Trade closed: stop reached

On May 15, 2024, BTCUSD moved up and closed above its own MA-50 for the first time since April 13, 2024. It also broke out of a yellow trendline as shown on the chart and closed above the high of May 6, where it was first rejected at its MA-50. The breakout provides a new buy point here on D timeframe.Trade active: As of May 26, 2024, BTCUSD is still acting well above the trendline and we are still holding our long position.Trade closed: stop reached

On April 29, 2024, 2AM UTC, GOLD is moving inside an rising channel as we can see on a 4h chart below. A break below this channel suggest a downside to around 2280 (the white line on the chart) We can wait until the breakdown, putting a sell stop order. Or we can enter an early short here, as GOLD is moving below the lowest close of 4h chart since April 25, 2PM UTC. We also can see that it is trading right below the 2 resistances formed by EMA-34 and EMA-89, a popular moving averages used by Sonic.Trade closed: stop reached: We closed the trade as stop was reached.Comment: A break down did happen, but without me 😂 That is how the hard truth of trading in real life presents: You can make a loss even if you predict it right. So it is crucial to keep every losses small enough.

On April 21, 2024, 2:32AM UTC, BTCUSD is trading right below a resistance $65,500 AND Its EMA-34 at $65,800. On the 4h chart we can see a smaller pattern with the same resistance A break above these levels would be a buy signal.Trade active: Now as Bitcoin has moved up above the resistance AND its MA-21, it is trading right below the MA-50 therefore the key to this move up to sustain is to pierce MA-50 as soon as possible.

On April 11, 2024, BTCUSD recovered from a higher-than-expected CPI selloff, crossing above its MA-21. As of 1:56 AM UTC, BTCUSD is still moving in a consolidation zone right below the resistance $71,800 - $72,000 and a breakout through this zone would provide a buy point.Order cancelled: As of April 16, the breakout trade has not been triggered. Since BTC is trading below its 50-day moving average, the consolidation zone between 67500 - 72000, which is above the 50-day moving average, has failed. It is forming a new consolidation zone between 61500 - 65200, and I am waiting to see if any pattern will be formed here.