GBPUSD SHORTSeveral rejections of the yellow resistance area, rejections of the descending trendline and 200sma. Lines up perfectly with the 'golden pocket' area of the fibonacci.
200ema-rejection
200 EMA says BTC will drop to 5k in 2 weeks.The chart is showing up 200EMA indicator .
This idea displays an unavoidable scenario which bulls are doing their best to stop it. BTC will drop to $5000 in the following weeks (2).
On the other hand the volume is decreasing, which supports the idea about sideway trading = further price crash .
Open shorts whenever you got a profit (even if that's less than 1%) while you can do it. Stop losses = 1%.
The Show Can't Go OnNetflix ( NASDAQ:NFLX ) has been a market darling for the past two years. It has run up hugely on a cocktail of debt and multiple expansion. The company continues to require debt to fund its content creation in an ever increasing competitive environment (think NYSE:DIS , NASDAQ:AMZN , NASDAQ:AAPL ). AAPL reported weak guidance yesterday which I believe marks the end of the FAANG and SPX bull run.
The company has recently broken significantly below its 200 day EMA and backtested the same trend line before closing below. This confirms to me that the market has turned and there is significant downside from here. Short interest is low so a short squeeze is unlikely from here.
There are two gaps open on the daily chart which could act as targets.
Stop loss and profit taking is determine by a closes about the 200EMA.
something big going on ?3 clear indicators...
1) volume is at its highest since inception of last year's bullrun
2) XRP broke right through the descending parallel
3) rejected exactly at the 200 exp. moving average
4)... could be ending of WXYXZ Elliott wave correction
Watch a break through the 200 EMA in green!
If so.. this could be the beginning of a serious bullrun
Btw, if you check 24h volume on binance, vs USDT... XRP just passed ETH and is about 130mio vs BTC 170mio !
seems all interest is shifted from BTC to the subtop !
ETCBTC without emotion interference The blueish rectangle showing very peculiar price action which took place on the first half of august. This strong bullish movement was wiped out with couple of days and pull it down below the most important support/resistance level for this pair which is 0.02.
I can see 2 possible scenarios the pair will be pull down by 200 EMA on 4H chart and most likely 0.02 level will no be breached or Pair will do another attempt to go above mentioned level and then it will be pulled down by 200 EMA towards 0.01.
If my scenario is correct ETCBTC should stop for while around 0.013700 and then try to reach 0.01.
The pinkish rectangle refers to strong support/resistance area when closing short position is not a bad idea.
USDCHF - the fall continuesA minor pullback along the way, but 200EMA seems to be rejected. I prepare a continuation short on this one.
USDJPY daily inverted h&s200 EMA support held, and broke out of slight bearish trend. This pair is a buy for me.
Bitcoin-What Next?Good Evening! This is an analysis of COINBASE:BTCUSD . We're using a four hour chart, 50 EMA, 200 EMA, Fib Channel, MACD, Andrew's Pitchfork, trend-lines, H&S Patterns, and just a couple of flags ;)
Let's back up to late-January where we started to form the first shoulder in the inverse H&S pattern. We finished that in early-March. Keep this in the back of your head, this pattern was never confirmed nor denied so could still validate!!
In early-March we began our series of flag patterns. They're coming in at about a 50% accuracy, trading off validation each time. In other words, the first flag beginning in early-March succeeded, the second failed, third succeeded, fourth failed. I say the second bear flag between 3/13-18 failed because it never reached as low as it was supposed to given the large flag pole. Right now we're in a bear flag that began around 2AM Mountain Time US. If it were to follow the pass/fail pattern it would fail, but that's idiotic logic! I believe it will fail, but not for that reason.
Right now we're trading at the 50 EMA (green). After a horrible failure to retest the 200 EMA, we're now retesting the 50 EMA. Should we hit 8300 and breakout of the bear flag, we'll be breaking down of the 50 EMA after our recovery Monday. That could send us to retest the .38 or even .23 retracement levels.
We're trading in the lower sector of the Andrew's pitchfork formed using the low of 2/5, high of 2/20 and low of 3/18. We're trading on-trend in this lower sector, having not tested the support or resistance once. This is admittedly not my favorite tool, because we're always trading at some support/resistance.
The MACD is down-trending since a crossover 2AM Mountain Time US. We have significant sell volume, but the trend-lines are getting flatter so could cross soon and send us back up for a time.
I'm bear, what turns me bull? For me to go long again I want to see us breakout of the resistance of our current downtrend (deep red). What will secure my confidence? IF we breakout of the green trend-line AND the resistance for the Andrew's pitchfork.
This is an educational analysis of COINBASE:BTCUSD brought to you by Noah Holtgraves, Economic Consultant. This is intended for educational purposes only and should not be used as advice to trade. No liabilities are held on behalf of Noah Holtgraves for result in trades from intentionally following this analysis.
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USDCHF some interesting price actionBlue stripes representing GAP on daily chart
Green stripes are representing GAP on weekly chart
Circle in the left upper corner we can see irregular H&S formation plus 200 ema rejection
Another circle in the left upper corner is the place where pair has very hard time to go above weekly GAP and after rejection going south
right now pair is trading in weekly GAP it formed H&S formation but to me it is not strong signal enough as it may go higher very quickly
I'll wait patiently and see what will happen
BTC/USD - Further Correction Before Resuming Uptrend??I'm bullish on BTC, but believe we will see further correction to the 12-11K range (possible lower) before retesting 18K and above areas.
On the 3HR chart and below, price action has moved below the 200 EMAs signaling to me downward pressure.
If we break 14-13.5K area and get a close on the 4HR or daily, that should signal another leg down. I'll be monitoring to see how this plays out.
Full disclosure, i picked up some BTC this morning on the spike to 14,000. Look to enter again if we go lower.
NZDUSD 4HLooks like price retraced back to strong resistance, 200 EMA playing on that as well. Price seems to be trapped so I am waiting on a close below the red rectangle & possible retest to visit its recent low. Potentially break that level & touch its daily uptrend line. Price is making lower highs & lower lows at this time..
Trade with care!
AUDCHF update short position is still validLet me explain first what I draw on the chart:
bold green line represents 50% of the very long bearish candle and it is always treated ans the strong support/resistance
arrows pointing down are showing double top
200EMA bold black line is guarding value appreciation very well and it created very strong resistance level which may in near future set pair in bearish trend. This type of price action is rare on weekly chart. I marked TP area and SL which should be set above double top.
Waves/Bitcoin good opportunity to enter market with low risk Psychological barrier 100k is rejecting further attempts to go below this level. It created solid support in this area.
200 EMA from daily chart nicely pushing pair higher.
I suspect that that pair will make strong move towards north in near future.
NZDUSD Technical Outlook: Bearish Bias, Rejection from 200 EMANzdusd has rejected from 200 EMA on H4 time frame. This zone will be strong resistance for this pair in future. Now this pair is staying below near term resistance at 0.6970. Below this level, we can look for sell and target will be 0.6900 area as pointed on the chart.
Inside bar set up on GBP/USDRationale for taking a short trade on GBP/USD
- down trend (lower highs and lower lows)
- price pulled back into a previous level at 1.5500 and 200 ema, and closed below both thus encountering resistance
- an inside bar formed just below this level of resistance
- in its pull back, price also found trend line resistance (4th retest) and closed below
- oscillator hidden/trend continuation divergence
entry - below low of inside bar
stop loss - above high of mother bar
target - at or below previous low
Could the price of Cocoa rise?Taking a long position based on:
- bullish/reversal bar
- support at ~ 3040, a weekly level;
- 200 ema rejection
- Fibonacci cluser:
-- 0.382 Fibonacci level rejection and close above on weekly time frame
-- 50% retracement and close above (2nd swing low to recent high)
entry - above high of reversal bar
stop loss - below low of reversal bar
target - at/above previous high
