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Breakdown

$GDDY Disaster in the making. Chart screaming GET OUTI was expecting an acceleration in selloff but not this bad. On one side, the whole market is dropping but it is not all. There is so much more with GDDY. Technically the chart is broken and broken hard. Much lower prices are coming. Tomorrow I think we will see the first target that I set on Friday. We may end the day in $60 - $62 area tomorrow. At this point, there is not even an attempt during the day to have any kind of bounce. I think there will be an even larger amount of institutional investors that will try to get out. As I said on Friday, any bounce is a chance to get out or add to a short position. In a few weeks, we should be at $52.
NYSE:GDDYShort
by Trade2Double
$GDDY A bigger picture on what is going on with this stockI have been following this stock since it's just started to form the bearish rising channel. Eventually, classic inverted cup and handle formed and what was missing just a breakdown on bigger volume. Well, today we got it. I do not chase such sharp moves but decided to enter on 50% retracement. There is a chance that it may go up a bit more giving me the perfect opportunity to add to my position. But make no mistake, there is a very little chance that this stock will be here for a long time. It will slide and crash much lower. There might be an attempt to close the gap, to wipe out early shorts but the trend now is DOWN. From this point, we may see a long term drop. $GDDY has a lot of internal problem and investors are freaking out, today action speaks for itself.
NYSE:GDDYShort
by Trade2Double
2
#bitcoin - 3D important levels #pivot #trendlineAnything red or yellowish is sort of starting to worry me. Also talking to a lot of people recently, I start to think the bearish approaches might have some good reason to do so. Some important levels down here, that BTC should stay away from. Let´s not break the P-Q downwards! Sideways would be enough (for most of us). ;-) Happy trading guys and stay safe. Always set stops. #dyor ..................................................... Warm regards, Nerubica P.S: To those who start asking me about why I almost never give directions: If you fixate on an idea you lose the capability of adjusting your strategy and do the right thing, that´s the reason, make two plans as you would write a code, if and else.
BITSTAMP:BTCUSD
by Gl4diator
1
BTC lookin shakyHolding support for now squeezing under the box of resistance(red). I've outlined the CME gap thats possibly building up to get filled which also coincides with a fib level taken from the bottom of the bear market to the top of the bull market. Not guaranteed to fill but we all know about the gaps. A break of the upward sloping support(10307) could see us retesting the previous support @ 9620 further than that the Gap.... I feel its worth mentioning that there is also a gap in my red box off the side thats above us. Good luck traders!
BITSTAMP:BTCUSD
by platinumdubs
approaching the neckline of a big 1hr head and shoulders patternNormally I'd list an idea like this as neutral until I saw confirmation of a breakdown below the neckline. However in this situation after such a parabolic rise plus what seems to have also been a blow off top and the fact that we have gaps as low as 8.5k on the futures contract that still need filled, I think probability favors a breakdown here. Not only that, I think as BTC dips many altcoins are going to rise in value against btc. I also think we will likely find our ultimate support around the red horizontal at 8504 or so and not reach the full breakdown target before we reach our massive rebound. The good news is, we wont hit a lower low on the daily chart until we dip below the horizontal purple line on my chart, so as long as we don't go under 6k the bull run should continue after this correction. I will b waiting for confirmation on the neckline to sell any more of my position but I will limit sell back around 8550 if it does indeed plummet and no wait for the full drop target. If it does dip the entire way I may then just buy the dip. There is of course still a chance we wont break back under 10k but the probability is small...even still because of that I will await breakdown confirmation of the h&s before selling any of my position.
BITSTAMP:BTCUSDShort
by DrDovetail