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ABC

BTC ShortFirst of as a note I do not use margin when trading cryptos and I also do not short. This is just technical analysis, and why I do not have position in BTC. We are currently in wave B of corrective ABC wave after completion of Elliot Impulse 5 wave series. We broke the top of the previous channel via over-performance. I expect more upside to this B wave with a top retesting the top of the channel(7000) before C wave begins. Upon completion of C wave, I expect us to be 5,100 to 4,600 although we must be careful of overperformance and panic as well. I am looking to buy in the green channel.
BITFINEX:BTCUSDShort
by ecicic
GBP/JPY - GREAT RISK-REWARDIt's safe to say that the pair is still correcting and will be doing so for the next couple of days after the most recent impulse starting the 24th of August (139.50 - 152.75). Now in my opinion we could be seeing a zig-zag correction and what makes me believe that that is happening is the fact that leg a was only a shallow correction relative to the size of the impulse. In the Flat highlighted on the chart we can see how deep of an "a" leg we got after the impulse which then developed into a full flat correction. Furthermore the pair could be facing strong resistance now with the b leg as the 61.8 Fib level aligns quite close to a minor resistance zone as well. My personal details: Short @ E: 150.40, SL: 151.20, TP1: 147.00, TP2: 144.60, RR: 6 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Short
by Aqua_Trader
AdEx Currently Bearish with imminent bullish breakoutIt seems AdEx coin is near ready for a bullish breakout of structure, after completing an 'ABC' corrective wave. Current trend suggests bearish price action as the Water and Mayo EMAs have cross and are above the price action. 'TDI' shows the 'RSI' inside the outer constricted bands at around '40.0000'. The pattern suggests another possible bearish move downwards before some significant bullish price action to occur. The bullish moves may occur within the Yellow trendlines (triangle), however only when price action performs a breakout of structure, will the buy signal be confirmed. In my opinion, this is a great coin to purchase, still good at around 0.84 cents (US) at the time of writing this analysis. I'm going to purchase this coin on breakout of structure and I'm forecasting price action movements between 2 different paths, Cyan and Red. The Red being the most probable as it follows the typical cryptocurrency pattern of a curve. ---------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar. This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out. .....::::: If you like this chart, please click on the THUMBS UP! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
Long
by UnknownUnicorn661419
Eur/Gbp short term buy Long-term if we look at the daily structure, I think the pair is going down to 0.82-0.84. I don`t usually trade counter-trend moves but, this one here looks rather attractive for a short-term buy. As I see it, the price is consolidating in a flat (possible an expanding flat), and if my analysis is correct, we have to go up for a C wave. I will open my position at market price with a tiny stop and with a minimum target of 100 pips at 0.89 and the second target at 0.8980. You never know how far the correction might go, so I am not sure it will reach the second target, but reaching the first one is very very probable if structure behaves as projected.
Long
by MarcuDan