Be
BE bullish news. Bonus on CKKTrades are set. just not feeling good today so i will pause trading and rest to prevent mistakes and losing money. trade safe
BTC/USD - WE ARE GOING TO THE MO---- wait a second...Played around with the fib channels on the largest time frame I could find on TV and guess what, it does not look good from here. This chart is telling me to short until
1.5k. The tether news is causing a lot of speculation. This is exactly the time not to try to make assumptions of what might be going on, in terms of the news, and instead check your chart to make sure you understand the overall trend. By this I mean get the biggest time frame you can find and chart it. I hope this chart doesn't play out, but its better to be defensive when trading in my opinion. I heard a great quote today: "once you stop losing money you'll start making money". Good luck everyone.
Target 1: $1500
The red line indicates my target.
This is a log chart.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
Ascending bullish triangle. My motto is "keep it simple"!
What do you see when you look at the chart? You can see that the price get rejected from the purple horizontal line (resistance) and its trading within a ascending triangle. This is a bullish sign, as it shows that the bulls are still in the market, however, there could be easily done some manipulation and long squeeze.
Its very important to watch the price, once it closed on 4H candle under the triangle and breaks the 100 EMA, you should be closing any long possitions, so watch your stop losses!
If the price dips under the 200 EMA, there will be oportunity to go short up to the orange line, where is a strong support. If this support will be broken, bitcoin will dip to retest its lowest lows.
We should see a major move within the end the month or soon by the start of may, I am more bull than bear, clearly by looking at alt market and the lacking overbought indicators.
I believe we should retest the 5800 - 6200$ mark, if the triangle will hold up, before making a correction at those levels.
Be Aware Of THIS ScenarioBe Aware Of THIS Scenario
Should we actually break down, which is very possible, then do not panic!
I see that in people who act emotionally, again and again.
You are selling, Bitcoin is actually going down $400-300 and you are thinking that it will fall more.
After a few hours you will see that the price is back above your selling price and that's how the clever people manage to reduce your money.
Mostly, you hope that the price will go down a bit more to buy at least at your retail price.
What is happening? The price goes up and up until you are forced to enter emotionally, just when you are in a correction again.
At my last Bitcoin idea you have seen that I am very uncertain about the current situation.
The question I asked myself was:
Scenario 1: Are we going up now?
Scenario 2: Are we going to make a bigger correction before going up?
Personally, I prefer the second scenario because it would 'kill' the longs again before it goes up.
But I think that the first scenario will happen, because it looks very much like a structure I know.
So, no matter what happens now, I assume that we will go up afterwards and people will be scared.
The market decides.
Note: I'm sorry that I upload this idea for the third time now. Had problems to show both scenarios in one idea to make it clearer.
GU long..Probably an ambitious target but hey, we have it simple, break and a retest of previous resistance trend line, rejection of the 50% and -27% looking at a 500+ pip long here. Almost forgot to mention the bullish engulfing candle on the daily closing above previous support. Has created is Higher Low, Perhaps on to new Higher Highs.
ETHUSD: Breaking the parallel: longs should be outETH USD
As per earlier warnings about this impulse wave being in its 4th and likely final pulse upwards,
profits should have been taken by now. Now it's a near term short on a retest of the parallel from below
Bitcoin: BTCUSD Update - Breakout could be soon nowBitcoin Update
Bitcoin is still trying to grind higher, now testing critical near term resistance at 7717 where the fixed and dynamic
resistance lines meet on the chart. Even if it's low volume, this breakout, should it occur at any point, should be
followed for a move back to 7990-8000 where look to close out and short (only if day trader) with stop 50 points
above 8000. Bitcoin is unwinding an overbought condition reached on Friday by trading sideways right at the top, in
the space you'd expect a very strong stock to consolidate in. It's not been sold off really, not recoiling as it would do
if showing underlying weakness at these levels. ..at some point it's going to beat 8000 by 20 points, could even be
this weekend, and when it does it should be followed with stops about 100 points under 8000.
But in near term it will likely fall away from here...don't sell it though unless you use a tight stop above the upper
parallel. Wait, watch for the break to the upside. Be Lucky
Bitcoin: BTCUSD This could be the low,take some profits at leastBitcoin BTCUSD
need to be carefulnow to watch htis isn't turning here by making a right shoulder off support at 6300...
Earlier, it was noted that 6300 marks 20% from the top, standard text-book stuff. It's Ok to fall 21% intraday, but not
fall more than this (19% to 21% is standard stuff, right?) - well, spookily, 21% off the top is 6240 - and the low so far is 6218.
So it could be here...lower stops to just above 6530, they may get hit so swing traders make about 400 points, maybe more if
it swings lower from here, but am thinking more that this really could be the low for now...doesn't look quite over yet,
and want that hit on the lower parallel at 5997 in ideal world before closing out and going long with a stop under 5990 -
ready to short again if this level gives way (small loss but for spreads if wrong on the long...)
That's the ideal, a complete flush out right back to the base of the stucture...but we might nor see it. Bitcoin likes to do
things by the text book so far, so maybe 21% extreme could be the limit...so at this point you can close out at 6340 ish
and take 600 points plus profit and take a break, or can set stops as suggestedif a swing trader, or you can stay with it,
but risk reward is diminishing now. Maybe close out half and run the rest, ready to close out at 6000 if tested and play it
from there as above. And if 6000-5990 gives way it's another short...Stay Lucky.
On upside, when eventually the upper parallel is broken on upside and if it then survives the first retest,from above, start
building long positions for rally to 6943 and short again from there with stop above.
DXY: Dollar Index neutral now, next break imminent, follow it.DXY: The dollar index has slipped into near term neutral as markets decide the next break. When it makes up its mind the move should be followed on USDEUR
SPX500: NON-FARM will be Positive Should break to 2128+SPX500: NON-FARM will be Positive Should break to 2128+
