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Global Position of BTC Midst COVID19 Chaos and Coronavirus PanicHi all, It has been a crazy week with a lot of volatility. We've been seeing 4-5% moves in BTC every few hours. I hope you've been using your oscillators to identify the whip points and profit on the shorter time frames. I've been loving this shorter time frame chart setup using 5 minute, 15 minute, 45 minute, and 120 minute time frames. I have it setup where each of the four windows are around 1/2 the range of the next largest time frame: - Then all I need to do is watch lower high RSIs, MACD divergence, and STOCH tops at across the different charts to see which way the short term trend turns. Quite helpful! Learn more about setting up your own multi-screen trading system and the indicators used here: cliftrade.com As far as global perspective for BTC, we are near the bottom support of the consolidating triangle. It is worrisome that we got here so fast and there is potential to fall out of the triangle. I am waiting for the next big move down from this current dead cat bounce movement up. With COVID-19 cases climbing and the global markets tanking, I don't think there will be much support for a rally at this point. If hodlers panic and need cash flow (unemployment is rising constantly), we could see an even more powerful movement down as they liquid their holdings. The growing impact of coronavirus also leads me to believe that this situation will have a lasting impact of many months. There is no short term resolution, and vaccines will take up to 12-18 months to develop leading to higher incidence rates in the near future. This could lead us to new market lows in the $3-4K range longer term until hope rises. Fill your alt bags then! TARGET: Target sub $5K until we hear positive news about the global coronavirus condition and market improvement. METHOD Short with leverage. Happy trading! P.S. Please like and follow! I rarely post, and only post the most valuable positions when I do! You don't want to miss them! I am a simple market analyst - not a financial analyst fortis Fortuna adiuvat - fortune favors the brave Learn to trade: cliftrade.com
KRAKEN:BTCUSDShort
by jollygreen
3
OPGN. P-Modeling Pt X. The Cajun's of Hyperspace TravelWelcome Hyperspace Traveler! This is Trial X on OPGN. Trial X is special. Come join me... This would be a great place to reverse. ^evil smile^. Let's see how this goes! Start//: Before Snapshot. End//: After Snapshot. 45 minute TF> Massive Harmonic Suppression.. Amplification imminent. This model adheres to Time-Series Failure is a necessary component of success. Entry Avg $2.70- $3.48 @12,100 shares. Target: $38.00 -$41.00 Knife Catch: ?? When:> Before April 20th. Approx Profit if Quantum Model is followed: $459,800 - $496,000 Why? Catalyst: Corvid-19 test kits, Merger, FDA approval, Diagnostics. Come for the laughs, Stay for the Art. ____________________________ If you are lurking, let me know. Thanks for Pondering the Unknown with Me, Glitch420
OLong
by Glitch420
16
EUR/CAD Kobane Trading Plan 5/27/19 Tyree Thomas Jr Kobane Trading Plan 5/27/19 Tyree Thomas Jr EUR/CAD mark up for the week and check back because I may update my mark up later in the week. The alert is set at the 38.2 level on the Fibonacci retracement tool, that level can also serve as a notice to manage your risk and move your trade into to stop profit. The support and resistance lines serve as technical indicators and they are the 786 level on the Fibonacci retracement tool. The alert can also serve as a the take profit instead of waiting for the market to hit the take profit that is posted. With all of my trades, the first trade entry is set at a 1 to 1 ratio, and the second trade entry is set at a 2 to 1 ratio. I forgot to mention this on the other mark ups that I published.
by Tyreejr
EUR/AUD Kobane Trading Plan 5/27/19 Tyree Thomas JrKobane Trading Plan 5/27/19 Tyree Thomas Jr EUR/AUD mark up for the week and check back because I may update my mark up later in the week. The market my ping pong between the green support line and the red resistance line, those lines represent the 786 level on the Fibonacci retracement tool. I use the 786 fib level because at the 786 level is where the market usually makes a decision to continue going in the direction that it is going or turn around and go in the opposite direction and when the market does that then I use the support and resistance line to take profits.
by Tyreejr
Brent Crude Oil: UKOIL Buy point with 19 pip risk and 500 rewardBRENT Crude Oil UKOIL Update A nasty failed break above the upper paralle lhas forced Brent back to the lower parallel, the entry point was hoping for, so am going long at 62.18 with stop under 61.90. And if this call goes wrong and Brent breaks below the lower little parallel of this flag forming now will reverse completely for fall to 61.12. If it's going to rally as expected, it should do it from here (see earlier comments for details)
FX:UKOILLong
by sumastardon
2