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2k18bearmarket

ETHUSD [REVISED - PART 2] - 30% Cyclical Short Trade?Previously I posted a revision to the ETH short trade, but we had limited information to trade with so it was tricky: Now the range is clearly defined. Currently we are sitting at a shorting level with price action trading near the confines of the overall weekly trend. We can short the market around this level or wait for confirmation at $100. There is also a perpendicular line in the middle of the range, but that is a no-trade zone (between fibo .382 and .618).
KRAKEN:ETHUSDShort
by Trader6127
BTCUSD [REVISED - PART 2] - 30% Cyclical Short Trade?Previously I issued a revised outlook for shorting BTC, but the range was less clear due to limited trade evidence so we exited the trade a few weeks ago (end of Jan): Now the trading range is a lot more clear. We can see a large continuation pattern emerging along the definition set by the overall trend (large wedge pattern on the weekly). We can short the market at this range ($3800-$3900) or wait for confirmation at $3319 to roll with breakout momentum. We can also use a mixed method approach by shorting at both locations. Keep the overall forecast in mind: Less accurate, but still important, keep the long-term trend in mind:
BITSTAMP:BTCUSDShort
by Trader6127
XRPUSD | 10-20% Head and Shoulders Short OpportunityWatch for this head and shoulders opportunity on the 4HR XRPUSD pair! The red line is confirmation/trigger of the pattern with targets at 31 cents and 28 cents respectively. The idea becomes invalidated above 38 cents. Be cautious of the support at 34 cents which could prompt a fakeout! ***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
BITSTAMP:XRPUSDShort
by Trader6127
5
LTCUSD - 50% Cyclical Short Trade? Capitulation?!Watch for rejection at this level near the EMA50 and the bottom of the falling wedge pattern. We are bullish above $35 and bearish below $31. Below $26 we will have swan diving with recent dip buyers taken out the back and shot. Previous successful LTC idea: ***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
BITFINEX:LTCUSDShort
by Trader6127
2
BTCUSD [REVISED] - 30% Cyclical Short Trade? Be ConservativeLooking at the chart we can see bitcoin struggling to get above the EMA200 level on the 4HR chart and a long-term trendline (highlighted purple). With the cyclical trade to the downside (EMA50 below the EMA200) but price action seemingly bullish , this will put off many professional traders from entering a long trade at this level. Instead, we can look to short this market given a rejection at the EMA200 and a breakdown of the fibo level at $3918. In the case of a rejection, watch for bounce between $3400-3600 level. This idea become partially invalidated with price action closing a daily candle above $4260.34. Previously we explored an idea for the falling wedge pattern and its possible break to the downside. This invalidated idea can be found here: Long-term trajectory: ***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
BITSTAMP:BTCUSDShort
by Trader6127
XRPUSD [PART 2] - 30% Cyclical Short Trade?Last couple days Ripple has entered consolidation and the countercyclical traders have taken the asset back to test resistance and the breakdown level. However, overall, XRP is in a full-blown downtrend: 1) we can see it continues trading within a descending channel. 2) its now testing the EMA50 on the daily. 3) We have yet to test significant support on the daily and weekly timeframes. Judging by the way it has traded at the top channel line we should anticipate a sharp selloff. - Below 35 cents we have confirmation of trend continuation. - Above 38 cents we are bullish. Here is part 1 of this idea: ***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
BITSTAMP:XRPUSDShort
by Trader6127
ETHUSD - 30% Cyclical Short Trade? Final Swan Dive?Here's an interesting setup... the sell-off is basically looking to go parabolic on the daily chart next as bears finally exhaust the bulls. This will likely be the final swan dive for ETH as the big caps in crypto look to begin building a floor during 2019. Liquidity and market volatility will likely make trading this par to the downside a bit more unforgiving. ***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
KRAKEN:ETHUSDShort
by Trader6127
1
BTCUSD - 30% Cyclical Short Trade? Be Conservative Down HereHey guys, Hope everyone are well. We are looking at a falling wedge pattern on the 4HR and trading below the EMA50. Crypto is in full blown panic selling mode and this offers a VERY SHORT opportunity to short trade with the trend. Confirmation of trend continuation is below $3213, with targets at $2615, and $2099 on Bitstamp. Above $3581 this idea becomes invalidated and we'll need to wait for consolidation to identify a new pattern with exit/entry level. ATTENTION: Shorting down here comes with additional margin cost and liquidity concerns. Last week we were looking to catch a countercyclical swing trade to the upside, but that didn't play out. The idea below was invalidated and no trade should have taken place: Keep in mind the longer term picture. The price levels we will trade at in the coming weeks will offer very good longer-term long trade prices:
BITSTAMP:BTCUSDShort
by Trader6127
BTCUSD - 30% Countercyclical Long Trade?Hi guys, We can see $BTC trying to form a bottom at this range and we have an opportunity to get long for the rebound. On the daily we have a large falling wedge pattern and we are currently trading at the bottom of the wedge (not confirmed yet though): We should watch the total crypto market capitalization as well, and here we might see a bit of weakness in the overall market so BTC is where we will likely want to be to ride the gains and liquidity: ***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
BITSTAMP:BTCUSDLong
by Trader6127
BCHSV - Another 40-60% Capitulation Before the Bottom?Hey guys, I've been watching BCHSV which resulted from the BCH fork that occurred a few weeks ago. Here are a few thoughts: Fundamentally I think exchanges and significant market stakeholders are betting on the ABC version of the fork - BCHABC - which indicates to me that BCHSV will likely undergo and remain heavily discounted, or at least experience heavy volatility. The BCH ticker will likely go, by default, to the BCHABC version. As a result, BCHSV will likely struggle to get widespread exchange access, and judging the current "influencers" behind the vision and mission of the asset, it will likely struggle to find many friends while getting relegated to the margins. That being said, this asset is being monopolized with relatively few significant market participants so anything can happen over the longer term. From a technical perspective, we can see the fundamentals playing out on the chart and we now have a falling wedge pattern that has paved the way to capitulation. Currently we have strong support at $37, but if this breaks we could reach prices as low at $19. ***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
BShort
by Trader6127
2
ETHUSD [PART 2] - Another 20% Cyclical Trade?Hey guys, This is part 2 of our Ethereum trade thread. Part 1 can be found here: Looking at the chart we can see that the selloff will likely continue as we trade down and within a significant falling wedge. While this is a reversal pattern, in general cryptocurrencies fully complete this pattern and crash through the bottom wedge trendline before exhausting the trend. I've created a "ghost" pattern to give you an idea of the trajectory, and here is a larger snapshot: I am waiting for price action to consolidate at this level before re-shorting the market and taking aim at TP 2 at $123.13. ***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
BITFINEX:ETHUSDShort
by Trader6127
3
BTCUSD [PART 2] - 40% Cyclical Short Trade? Last Leg of BTC BearHey guys, This is part 2 of our Bitcoin trade thread. Part 1 can be found here: While Bitcoin has found ground for now, fortunately for the bears the market is so tense that any cracks will be easy to exploit. The trend is in our favour and we are chasing a crash in the market in the form of a full crypto-style capitulation. Bitcoin is currently kissing the bottom of the giant falling wedge pattern, which is a classic reversal pattern. Take a look: However! What we are looking for on the daily is a pattern that plays out all the time in crypto... Bitcoin formed it earlier today: So... currently we are about half way through wave 5 if we are correctly comparing the situation. I am waiting for price action to consolidate around the current level (as of writing) to then re-short the market due to the resulting consolidative pattern with aim at $4341.30. ***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
BITSTAMP:BTCUSDShort
by Trader6127
2
EOS - 30% Cyclical Trade?Hey Traders, EOS is holding the line against the November 14 selloff but it looks vulnerable with danger close price action near support with trading volume increasing and indicators weighing against bulls. Hopefully we can catch the breakdown after making some profits in our other trades ;) ***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
BITFINEX:EOSUSDShort
by Trader6127
2
LTCUSD - 40% Cyclical Trade? Bear Contiunes?Hey traders! I'm looking at this short trade as we continue to trade below the EMA50. Some very interesting market structure here, and we can see a potential breakdown of this descending triangle. However, we need to be careful as we have a very strong support level (major 0.88 fibo) just below the breakout level. ***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
BITFINEX:LTCUSDShort
by Trader6127
3