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Ascending

BTC $6800 +reversal, clash of 5yr asc trend & 4mo+ desc channelTwo major adjustments here to my previous TA for BTC. I realized that the trend that kicked off this run to $14k was actually a continuation of the trend that started @$250 in 2015, this caused the line to slightly tilt clockwise pushing the date to the right for intersection of this multi-month descending channel and the overall ascending trend line which I believe will signal the beginning of the reversal of the downtrend we have experienced since $14k. I have changed that line to bold red. Second change is that I moved from 4h candles to 1d candles and it made a massive difference in the position of the current descending channel we have been in since $14k. It makes it easy to see we had never really broke out of channel on the 1d candles and the possibility for a ~$6800 low (depending on timing) is quite feasible. The support at bottom of channel has held for ~4 months now, there is no reason to believe it will would not hold now. Timing, when will the reversal come: If the price drops to bottom of channel and hangs out, we may see an intersection forced reversal start by mid-late December. If the price maintains in the $8k area it could be as late as late April, early May of 2020. With a 5 year trend line still intact, there is strong probability that BTC will not break below this trend line in any meaningful fashion. If BTC breaks below the 5 year trend line, it would be extremely bearish. I believe the overarching trend line will hold and that intersections of the two largest trends will kick off a reversal of the current descent. This is not investment advice, DYOR.
COINBASE:BTCUSDLong
by EncryptShawn
LONG - LSK - Trading OpportunityA formation that looks like an ascending triangle has been forming for the past few weeks on LSKBTC, should be careful on buying a breakout here, the play would be to buy on a close above the resistance, and placing a stop below. Target 1: 0.0000949 Target 2: 0.0001024 Target 3: 0.0001148 SL: 0.0000849 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance 1.71% whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).)
Long
by ElMomento
S&P 10 year trend, a case for 3800 upside, 600 downsideI use the S&P versus DOW and Nasdaq in order to cast a broader net across more assets however, the other markets seem to echo similar despite having choice selection of underlying assets. For the last 10 years since the recession pounded the markets, we have maintained a clear ascending channel exhibiting strong support and resistance trend lines. The trend line held to mid-channel nicely through 2017. The USG gave corporations a $500B USD a year tax break at the beginning of 2018 and the markets rallied but still fell well short of top of channel. As we saw bolstered earnings quickly dissipate over the year, the S&P came back to its comfort zone, mid-channel until the 4th quarter when trade wars escalated and markets struggled (breaching support at levels not seen since the recession). In an effort to prevent the stock markets from turning, the feds started printing money (QE) & reduced the prime interest rate 3 times this year(2019). These are tools we had last relied on heavily during the height of the recession. With each rate cut, we see a small and repeatedly diminishing wave up. It appears as though, despite all the fuel the government is feeding the market, it just doesn't seem to be enough. There have been a lot of false alarms for a trade deal between the worlds two largest economies but once its inked, it has a high probability of fueling the fire. There is a great chance that an America/China trade deal along with significant reductions in global tariffs could catapult the S&P to 3800 for 25% gains from today's value (along with global markets). It looks like the US has to make a trade deal with China soon to prevent the markets from souring on us. In the event a trade deal isn't inked soon, it seems like the bears may take over and who knows how far the markets will retrace - 40%(S&P@1800), 50%(S&P@1500), 60%(S&P@1200)? How about this, scary (possible not probable), definite possibility >>> We may be seeing an overall downtrend forming, indicated with a light grey line at the bottom of the chart. If this a hard trendline forming, we could see S&P spiral out of control down to 500-600 before it finds support. Disclaimer: I am currently holding S&P ETF options and see a great opportunity to straddle here.
SP:SPX
by EncryptShawn
LONG - AST - Trading OpportunityAscending Triangle on the play on BINANCE:ASTBTC , breakout coming anytime now. Entry: 0.00000275 Target 1: 0.00000293 Target 2: 0.00000311 SL: 0.00000262 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance 1.71% whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).)
ALong
by ElMomento
Apple in massive rising wedgeHello fellow traders. Thought i would share this idea for Apple. I'm seeing a very large, very clean rising wedge for this stock. recently, Apple has flipped a major resistance (top purple line) and made it support. This would ideally setup Apple to retest it's all time highs, but, the buyback after tapping this line has been pretty weak. The more this line gets tested, the higher chance it breaks through the bottom and heads towards the solid yellow line of our rising wedge. It should also be noted that volume looks very Bearish . which confluences with a major pullback coming. My ideal buyzone for Apple in the long-term would be anything in the $175-170 region, this chart shows solid resistance turned support at that region. Also, If you take a look at my weekly Apple Parabola idea linked below, you will see that this zone should offer nice support, and i would have no problem buying at that price. If you enjoyed this analysis, and/or like cookies, please like and follow for more content. (:
NASDAQ:AAPLShort
by CookieMonsta
Ascending Broadening Wedge: Bearish short term, bullish LT While this company may be a good long term investment, it is bearish in the short term. This ascending broadening wedge is bearish. The gist is that its likely going to breakdown here (unless something CRAZY happens). The white lines are broadening wedge, while the yellow line is the daily/4hr trend (which it has now just broke support), and will likely retest the yellow line, then fall down to the first buy target (the bottom of the wedge) is $32. Then, if it continues to fall, ladder in those buy entries at those supports. This pattern is void if it breaks up past the midpoint. Fundamentals of this company are good though (so says my friend who is a nerd, because as we all know, fundamentals are for losers!) More info on wedges: forexop.com
TSX:LSPDShort
by TMoneyBidness
2
forexTrdr EURGBP - ASCENDING CHANNEL + OVERSOLD Morning traders, Easy to read pattern on our Euro British Pound trading view chart with an ascending channel showing both support and resistance on multiple occasions since the start of August. We are looking to enter a long here for the Euro to strengthen up towards 0.933 area and potentially break out above depending on Brexit headlines at the time of meeting resistance. Our stop loss has been set just below the support line we have highlighted. Should the pair drop below that support level then the trade is nullified and the pattern is no longer relevant. We entered at this area due to the overnight bounce in British Pound and this pair looking oversold on stochatsics. Short and simple Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Meta trader and most broker platforms. If you want a free 30 day trial of our signals please get in touch. Good luck trading from the Team at forexTrdr
Long
by forexTrdr
Iota preparing for MASSIVE move!Note the following from my 15m chart: A) Iota is currently in an ascending triangle (uptrend). It is also running out of space and looks like it will break around 4pm EST. B) The 50 day moving average is currently acting as a support. C) A cup and handle has formed which is a strong indicator of an up move. D) The key here is the purple resistance line, it has already tried to break a few times (see long wicks where price was rejected). If it breaks the resistance, expect a massive move up.
BINANCE:IOTAUSDLong
by Buzz_Leighton
TRON About to Jump Out of The Box! Now or Never...Here we have TRON. You either hate him or love him! One thing you cant take avay from him, is, that they he has been really good at building a community around him. He has a lot of supporters and friends. Right now TRX is not so far in the development of a bullish market cycle, but maybe we will see some action now. As you can see we have a bullish ascending triangle. Its very important that Tron get something going, otherwise we will drop lower, and we will enter the danger zone, which will complete the right shoulder of the Head and Shoulder Formation. And that bearish formation will most likely take us down in Hell... Please leave a LIKE. Thanks in advance! D4 Loves You <3
TLong
by D4rkEnergY
1