Get started

Bullishmomentum

Quick Concise Predictions -- from both sides (BULLS & BEARS)Look, here are my thoughts at the moment.. We are on an upward movement right now. The bulls successfully made a new high today because of this there will be more shorts being put in on the market. What does this mean? The market will go down? -- NO! And I will explain why below At most I could see a short squeeze tomorrow meaning price would gap up and push in the morning and MAYBE just maybe a sell-off to a soft support (They are marked on the chart). Beyond that I think the 290/291 is very magnetic right now and beyond that a jam into 295 before a significant sell-off(10-15 dollars). Listen all I am saying is don't be johnny come lately (buying calls when it reaches 290/291) when it comes to this bullish push and don't be putting in shorts while the bulls have momentum! Both ways you will have a tough day when it comes time. My values on the chart come from important values in the past and just overall feel of the market. Today we set up a nice soft support at the high from last week. Resistance is above around 290/291 and hard support is from yesterday. Look at the values on the chart! Follow me for more common sense and not crazy predictions that have bias built into them. Thanks and let me know what you think!
AMEX:SPY
by itsQure
GBPAUD : LONG TRADE IDEA (150 PIPS REWARD)GBPAUD is looking bullish as buyers are strongly holding the 61.8% fibonacci level, Hopefully bullish sentiment continues with this momentum and drive price upwards towards 1.95900 level(TP level). Price could find its way back to 1.97500 in coming days maybe. Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully consider whether trading is suitable for you in the light of your financial condition. Goodluck !
Long
by Tim298
Large Upward Movement Due on XRPUSD ChartLarge Upward Movement Due on XRPUSD Chart As shown in the weekly chart, XRP has seen a large upward movement an average of every 259 days with 280 days being the longest period betwen large movement. We have now reached the the point of average days in between which means a large impulsuve move should be due within the next 20 days if history rhymes. We have recently broke out of a descending channel after bottoming with tweezer top candles on a large support level followed by two bullish engulfing candles through two levels of key resistance. The next move after a potential consolidation will take us to the next resistance level at 30c followed by a break towards the larger macro trend line that has formed since February 2018.
BITSTAMP:XRPUSDLong
by VagaFx
1
Bullish or bearish? Bullish getting more power!So I can see here a few things: 1. Bulls getting more buying power 2. Bears volume failing to take over 3. E50 + ma50 golden crossed - usually on small time frame it means bullish for short term 4. we entered the bearish cloud So what are my conclusions? - If we break above e50 and close above it, we will have enough power to break the cloud, with buying power confirmation we should hold above... - If we break below ma50 and close below it, we will have enough power to break below the cloud which will mean a very bearish momentum as the bulls failed to create bullish pattern and exchusted their energy... - I would usually go bearish here as too many bigger scale signs for bearish, but until we won't close the weekly below e21, and won't create bullish pattern (Higher lows higher highs trend line) with confirmed buying power I can't be 100% sure that we have market reversal... thus as we are rising in small TF bullish momentum, this time I will go bullish.... - SLs should be below/above the 1h cloud!...
BITMEX:BTCUSD.PLong
by Hedgehog_king
Bitcoin: Structure Worth The Wait?Bitcoin update: Since the exit of our long swing trade two weeks ago, this market has not offered any worthwhile opportunities to get back in. So we have been doing what we do best: WAITING. Waiting is actually why our swing trade performance across multiple markets is in the green. Waiting is what pays in the long run and NOW Bitcoin is beginning to provide compelling reasons to pay closer attention for a new setup to go long. The 3550 and 3700 levels are where we have been anticipating support. We have been writing about these levels and sharing a lot of insight about the recent activity with our followers over the previous two weeks. The point of our message has been: just because a bullish candle alone may show up in the right location is not enough of a reason to get back in. What we need to see is a better defined structure. And today, that structure has established itself. The Bitcoin chart is now showing a failed low formation in a general area of support. It took a few weeks, but THIS is what we WAIT for. Now it is a matter of identifying some form of confirmation. This is where momentum continuation patterns come into play. Candlestick patterns like a bullish pin bar or inside bar would be a welcome confirmation at this point. If the market provides the criteria we need to enter, then our targets would again be in the low 4Ks. We don't react, we WAIT. Now what can go wrong from here? The risk that we carefully consider is the fact that Bitcoin is still fluctuating in the middle of a very wide range. Inside such ranges, follow through is often limited. We would rather miss a few small profits in order to avoid constant losses generated from over trading and getting faked out. In summary, with the failed low in place, we are much more interested in continuation patterns that develop. Another positive that adds to this context is the Litecoin high. Andrew has been on top of this and highlighting its strength since the break out at 34. This makes the Bitcoin price action even more credible since it provides some evidence that there is buying across the board. Trading more in this environment is not as effective as WAITING more.Bitcoin has not met our criteria of being in a broader trend, and until that occurs, we remain cautious. We WAIT. Patterns and setups are not created equal. Some offer a higher probability than others and weighting them is a function of knowing the CONTEXT of your environment. And knowing the quality of your environment is a function of asking the right questions. Many new traders often want to know the best way to learn this framework of thinking and my answer is: learn to play Poker. It is more than just a game of bluffing. It is a game that requires adjusting your betting based on a multitude of variables that change as each betting round unfolds. In Poker, just like in market timing, a strong hand or a good setup can lose its value quickly. You must be able to recognize when it is better to throw that hand away even with a small loss and WAIT for a better situation. You can learn more about decision making from Poker than you can from watching a chart. Whether you are playing cards or timing a market, learning to WAIT is the best skill you develop. Learn the art of the WAIT.
BITSTAMP:BTCUSD
by MarcPMarkets
12
Litecoin: 48 And 56 Key Levels For Profit Taking?Litecoin update: I have to give credit to Andrew on this one because he has been calling this long in our chat room since it broke the 34 resistance. And now that Bitcoin has spiked higher (our first profit target at 3825 was reached), Litecoin appears to be on the move again. Andrew actually shared some valuable insight around the higher low and break of the 41.89 level as well for a continuation trade. For those who missed this, now is NOT the time to start buying, especially for short term swing trades. The 48 resistance if anything is a level to lock in profits. The other factor to be aware of is: there is a potential double top formation here. If Bitcoin starts lingering again, LTC is in a position to fake out. That does not mean that it will, it is just that the reward/risk is no longer favorable like it was at lower levels. The next key resistance is the 56 area which is what we are considering as a target when the next long setup appears. Overall, I can't say it enough times: PATIENCE PAYS. All during the bearish environment we were extremely conservative, very selective with our trades and MISSING out on some small moves while avoiding persistent losses. Now as the environment improves, we are in position to profit, not climb out of a hole.
BITTREX:LTCUSD
by MarcPMarkets
2
Bitcoin: Structure Still Says Strong. 4K In Sight?Bitcoin update: Price continues to hold up and is now taking out the minor bearish trend line that has been in place over the previous week. It is nothing to get overly excited about, BUT it does add to the argument in terms of further strength. This entire space is not exciting enough to attract a constant flow of new money, so it needs surprise news or catalysts in order to make any significant progress. This limits the effectiveness of technical analysis but does not render it useless. The news about the SEC's comment about an eventual "ETF" and now JPM's creation of their own currency are certainly positives for the future of this space. And judging from the recent price action, again the short term patterns may not be very reliable, but the broader structure is. After the news spiked the price over a week ago, it has been lingering lower, but not decisively so. We have been explaining to our followers that as long as Bitcoin does not give back the gains made by the large bullish candle, strength persists. Even in the face of increasing short interest. We carry long term inventory and a short term swing trade. In order to be in on the next leg up, you just have to be in and wait for the next news item to come out and surprise the herd. Bitcoin is a very emotional and ignorant market and the smart money knows it. And they use this to their advantage with the use of market moving information timed at their convenience. Just from my observation, there are many examples of analysis all over the internet that over complicate this. Perhaps they do this in order to attract attention since "more is better" appeals to the majority of investors, traders and gamblers. For us, the situation is very simple: Either Bitcoin takes out the 4K resistance area upon its next catalyst, OR it takes out the 3350 area support. Based on recent structure, price appears to be poised to go for the 4K but we also know that ANYTHING can happen. Some news item can appear out of no where that sparks a push to 3250. You cannot predict these events, but you can prepare. In summary, when it comes to timing any financial market, everything is about "IFs". IF Bitcoin pushes into the low 4Ks, we have profit targets in place to capitalize on the move. IF price takes out 3350, we will be stopped out of our swing trade, and we then wait for the next setup to get back in. IF price takes out 3250, we step aside until stability can reestablish itself. That is our plan in a nut shell. Market timing is about having a process and following it. Our process considers many variables, and we make every effort to simplify each step in order to minimize indecision. There comes a point where there are compelling reasons to still be in a trade, and when there are not. At the moment, Bitcoin still provides a compelling argument for longs even though price appears to be static for prolonged periods. Even though this is a primarily event driven market, that doesn't mean charts are useless, it just means you need to recognize the value behind the subtle clues that are still available. Do not make it more complicated than it is: higher lows often lead to higher highs.
BITSTAMP:BTCUSD
by MarcPMarkets
7
Litecoin: Looking To Add Around These Supports.LTCUSD update: After a nice short squeeze, price is slowly drifting lower to where it may even attract a lot of bear talk. We are actually using this retrace as an opportunity to add more to our long term portfolio. Although the 41 area may still be a little high, we are specifically watching what kind of price action develops around the 40 level (psychological and historical support). IF price breaks lower, the 37 and 35 areas both offer high probability support areas as well. As long as this market does not give back the entire break out candle, we are anticipating a broader move higher in the coming weeks. Since we called the aggressive break out around the 34 level, this market has been more of a leader than a follower. Relationships are ever changing in this space, but while it stays intact, we will continue to align our expectations and strategies.
BITTREX:LTCUSD
by MarcPMarkets
2