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Bearishtrend

Bitcoin Bull Trap Unfolding - Hidden Bearish Divergence on DailyOn the daily we have a large hidden bearish divergence. A hidden bearish divergence of this length is rarely wrong. We have bounced completely off both the bearish trend line and closed below it, we have also fell back through FIB retracement line .382 which is a important line to break. We are seeing bearish signs in MACD in 4 hr and several different bearish divergences. Anyone calling this a bull run is crazy, we are definitely still very bearish and this temp rally back towards 11k is probably going to meet with a huge refusal and a further drop lower. We should be looking at a large drop soon. Keep a level head guys!
COINBASE:BTCUSD
by theflamingfalcon
4
Some points on short-mid term LTC priceFirst notice that the RSI on the daily is looking for what seems to be a double bottom. Oversold conditions last time shot us from 100s to 175 max, so be on the watch soon. Overall still in a downtrend (dotted line on RSI), but maybe a double bottom like this is a sign of a near-future trend reversal?! (Please comment with your thoughts on my analysis with constructive criticism, it will help me learn!) Still looks like we are in a downward channel, with next strong support looking like low 100s again (I'm learning about making targets, so mine isn't exact, just nearby where I think it will go). P.S. Crypto hedge just tweeted his target is around 95 USD. soooooo, yeah I'll just leave that there. Still in a downtrend though. But those daily oversold bounces I think will help push us in an uptrend. Strong resistance around 180 (red solid line) and psychological resistance at 175.00 from last high. If we push through that on the next oversold bounce with sufficient volume I suspect we will have a nice reversal finally and begin moving upwards to an ATH, may take a few days though still or even weeks, sorry guys :( But hey, now is the time to accumulate and stock your bags. I'm getting rid of my HODL mentality and starting to trade with the tide a little more by selling and buying back a little lower, but still HODL most of my position so I don't lose out on much. A little more accumulation goes a long way in this market. I wish I had started selling and accumulating sooner, like when LTC was around 300 and confirming this parallel bearish channel. Now I feel more confident next time a bear market rolls around that I'll be able to see more signs. Never stop learning folks! See you on the moon. This isn't fin. advice, don't buy or sell based on what I say or place my targets at, because I don't even use my targets, I'm very conservative. P.S. I was practicing drawing an upward support line (black) so don't pay much attention to that.
COINBASE:LTCUSDShort
by jbutler7
USDCAD - Short Trade OnlyUSDCAD - Short to 1.1940 1W Timeframe Week Trade #3 This week looking for a SELL opportunity only for this pair for a total target of 200 pips. Pivot Point @ 1.2178 was broken but fast approaching critical Resistance level @ 1.2240, believe a set-up for reversal is pending. Note that a break and hold ABOVE 1.2240 will be confirmation that bullish trend will continue. Primary level to break and hold BELOW is 1.2155 to confirm strong bearish trend in play: Tentative: SELL Entry Market Order @ 1.2140 T/P @ 1.1940 Price could go as low as 1.1900 or within range of 1.2080 to 1.1900 but will take T/P at above target in accordance to my own trading rules and strategies. S/L will follow as price moves in projected direction at rate of 10-15 pips above. Entries/Exits may change in accordance to further analysis at beginning of week. R3 1.2338 R2 1.2279 R1 1.2237 S1 1.2136 S2 1.2077 S3 1.2035 Updates / Adjustments / Results will be reflected in updated comments. * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Short
by ALSM59
EURUSD Levels to WatchEURUSD - Watch levels 4H to 1D/2D Current Consolidation phase near 1.1900 levels Firm break below 1.1860 possible signal to 1.1823, followed by 1.1780 Firm break above 1.1920 possible retest of 1.2000 R3 1.2000 R2 1.1965 R1 1.1920 S1 1.1860 S2 1.1820 S3 1.1785 * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59
$MU setting up a bearish trend. Time to take profitsBack in May of 2016 $MU was showing very positive signs that a rally was about to begin. Little did we know it would go from around $12 to a high of about almost $32.96 in a span of 14 months. Along the way, people kept asking, "Is it time to sell $MU?" Our answer was always the same - not yet...until now. What we are beginning to see in the chart of $MU signs that suggest now is the time to begin taking profits and exiting positions. SELL! SELL! SELL! The chart below shows the weekly time frame for $MU and how it has been trading sideways for about 10 weeks now. But that's not all. It's the patterns and the candlesticks inside this sideways trend that is becoming very spooky and cautions traders to begin taking profits. The one thing going for this weekly chart is the fact that we are literally just at the beginning of the week. Friday will tell for sure if there is any chance for this stock to recover. But from what we can see right now, it is not looking pretty. So much so that it will prudent for people to start exiting their positions and looking to find profits with other stocks. A close below $30.20 on Friday at 4:00 p.m. August 4th 2017 will spell disaster. When will it be safe to get back into $MU? Well until the channel breaks to the upside or until we begin seeing some form of reversal signs. Until then, whether it is a sideways trend or the beginning of an outright downtrend, $MU is not looking good.
NASDAQ:MUShort
by Rightsidetrading
1
VNDA Descending Triangle Pattern. Short (and Long) Opportunity.Simple probability set up. Triangle downtrend started in 11/2016 and VNDA has only been through one full harmonic trend (wave) ever since. Second wave downward move imminent with RSI confirmation @ 35 and bearish $13 target. However, aggressive long entry for quick profit ($15 bullish target) especially with upcoming earnings. Upon $15 target, (expected RSI >50) short for mid-term trend follow. Quick Long Target: $15 First Short Target: $13 Second Short Target: $11.50 Total trade should complete by/in April.
NASDAQ:VNDA
by AtoHoward
GBPJPY TREND CONTINUATION TRADEHello traders, we're looking at trend continuation trade setup on GBPJPY daily chart..Obviously we still in a bearish trend because the price move from top left to bottom right of your chart..Last week the price have broke below and closed below the previous structure support..This indicate the trend continuation to the down side..The orange box is the area where I'm looking to sell this pair because there is a few structure and fibo confluences also in that area..Lower time frame will be very helpful when you want to execute the trade..Good luck traders :)
Short
by Z_Afiq
EURUSD : Bearish Trend Continuation setupAs we can see in the chart we are having clear bearish trend in EURUSD and its making newer lows. There is retest of support turned resistance zone, where we are placing our entry orders to short EURUSD. If you are looking for longer targets you can book around 1.1150's with trailing your stops I had this one in my radar today morning thought that I have posted already just noticed I didn't. Now the market has moved little away from entry zone but still offers good risk-reward for Entry. Do me a favor guys,comment whether this font is readable ? or too big ? Happy Trading !
Short
by InsiderB
EURJPY: Harmonic MovesHere on FX:EURJPY we have a very nice harmonic moves inside the channel. This is so called 3-drives pattern and we have a very nice trade setup to go short. The structure and harmonic moves gives us the clear opportunity to sell. Our target is the next support level @ 134.72 with the confluence of fibs 50.0, and stops go above previous lower high. Note, that we are in a bear market right now. ------------------------------------------------------------------------------------------------------------------------------------------------- ATTENTION : Very soon, the best forex services will be available for you traders. Our team is working hard to satisfy your needs. We give you the opportunity to choose between the best brokers in the industry, with the confluence of analyses and investigation of our experts’ team. Our team will be ready to guide you through each broker you are interested. And many more friendly services and atmosphere will be available only for you! And of course the best service ever, we do offer you a so called “Big Deal” service, which you have never faced before. Reserve your sits my friends! Follow me and be the first to enter our world!
Short
by RCP