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NULS / Bitcoin | Buy and Sell StrategyPrice going in Sideways channel. We can follow up prices and buy near supports, which I will use as buy strategy
minor support 3900 (15% of position size)
major support 3500 (50% of position size)
Additive support levels at 3290 and 2970 (rest% of the position size)
Place stop loss orders exactly near supports to avoid loss.
For sell, I will follow resistance zones at
4700 (50% of position size) and 5100 (30% position size)
If more flow will come I will keep about 20% of initial position for next resistances at 6500 and 8100.
Lend is forming a Cup&handle pattern!Clearly made it and heading to achieve high targets
• neck line price is a short term target
• second line price is the mid-term target
• highest price line is a long term target
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Adam & Eve Bottom - Do we continue lower?For the first time we are starting to see some signs of sellers getting exhausted and bulls starting to add pressure. Some are calling for a possible "Adam & Eve Bottom" - but where is all the volume? The new money? adoption!
With the small size and relative lack of liquidity in the BTC market - it can be easily manipulated by insider trading desks at exchanges, "whales", or supposed institutional players like Bakkt, CME, etc..
But what is the reality?
Bitcoin can go to zero.
Right now a vast majority of the coins, 11 of the 18 million in supply are being HODL'd hard and have not moved since 2014..
EURCAD Analysis for shorting opportunityAfter what felt like an eternity, price has finally formed the second shoulder completing what looks like an INVERTED DOUBLE HEAD and SHOULDER. Now price has reached the neckline and a major level of structure. One could ask themselves WHAT WOULD PRICE DO?.. break it right away? or take a short ride back down before trying one more time. With that shooting start its clear that the break wont happen now. So we will be taking a small short position is price tries to go back there and upon good price action short.
Gud Luck.
S&P 500, looks extended but it's about to break outThe market broke through the last high but lots of bullish volume leaders in the stock market have yet to move up from their pullbacks. Large companies like Apple and Tesla took market cap but the smaller stocks that yield higher gains haven't moved. If you look at the RSI on this trend you can see that it hasn't gone up nearly what you'd expect it to for the prolonged rise in the market. I think it's going to keep rising and it's going to close the gap on the 30 week moving average sideways instead of dropping on it. Go ahead and look at the SPGI, it has not broken through it's previous high yet and it's indicators are bullish. The global market will contribute on the rise of the S&P 500.
INVERSE HEAD AND SHOULDER (CONTINUATION)another case of an inverse head and shoulders price continuation, price to push back to 0.63493 to find support (AS PRICE DOES ALWAYS AND SHOULD) this is the anticipation. if reversal to happen at that point. T.P.1- 0.64399 safe place or set .P.A to watch if the Case is that price will continue upwards (and you have the patience to wait for T.P.2@- 0.65381 sweet place there......
P.As and P.Os should always be carefully considered and patience plays a big part in placing them and protecting that sweet and vulnerable account.
good trading and what not
02.10.2019 Stellar (XLM/USD)Hi traders!
We are going to analyze absolutely specific chart today - XLM / USD . It's not a typical technical analysis, but we want to prepare you for various traps and extremes on the crypto market .
Stellar is the tenth biggest cryptocurrency from the market capitalisation perspective, thus it's not any dwarf. So what can we read from the chart?
Stellar has been nicely finishing its structure and the last wave of a cycle, anticipating early growth. Triangle formation is often located before the last move in the current direction and it was even followed by a falling wedge formation. If you see these two formations, one after another, you win! In the vast majority of cases break and growth comes, and they did come. The growth of more than 52% in about 3 days . It even managed to stay high and the coin looked superbly.
However, Bitcoin broke down . Sharp decline sent Stellar to the bottom of the sea, literally. It fell by 42% in a couple of days . Given today's situation, we think it will continue to decline. At this point is essential to remind, that we are talking about the 10th biggest cryptocurrency. Similar extremes are common in cryptocurrencies and therefore we need to pay special attention. Key takeaway to remember here is to always scan the market as the whole . If any cryptocurrency looks really good but then Bitcoin is falling through floors you may simply have bad luck.
What to learn from this analysis?
1. Don't be greedy
2. Use stop-loss
3. Watch the market as the whole
4. Don't let emotions control you (market will keep tempting you)
5. Search only for the best situations on the chart
May the crypto be with you!
A2M Head & Shoulders - Waiting for final ConfirmationA2 Milk appears to have lost to the bears.
A very distinct head and shoulders pattern has emerged although still not confirmed until neck line is broken.
Taking a look at the relative strength, A2M is under performing the ASX 200 (XJO) which also is a strong bearish sign.
Increased volume on negative candles and on right shoulder shows strong possibility of break down.
Finally the share is closed below the 30 Week EMA, which also signifies a bear movement maybe lurking.
Please note this general advice for educational purposes, carry out your own analysis before entering a position or consult a financial adviser.
Opportunity 5 - XMR/BTC for 4%As in others opportunity post , analyse made in behind , DYOR always !!