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Bullish Trend Line

A few days of consolidation?... BTC is TIGHT!Welcome to my daily market update (23/05/20): • So after we closed that CME gap which I showed on my TG for the past few days, today I opened the 4h again and it looks very interesting, BTC is way to pressured from all over, and any break could mean a very heavy one. - We formed a triangle (symmetrical), this means we might be consolidating for a few more days, but be careful not to get caught out of guard. Because we are playing around the yellow S/R 9300 area. If the bulls don’t manage to show some strength (as they are weakening according to OBV) and go above it again, then game is over, we are rejected, we most likely gonna’ touch the bottom mid-term bullish trend line which has way too many sensitive spots already, and this means fatal!. • Bearish: - 4h 10sma crossed all the other indicators, this might mean that we are going to continue to fall, but since this is still a mid-term bull trend, it is more likely that it will re-cross them again, if price falls again below it then I do think we are going down hard. - Another bullish company we have here is the 4h 200ema, and the price just keeps bouncing from it…my problem here is that most likely if we hit it for the 5th time it will crush. - If we don’t get out of the 4h cloud again and go below it, this means bearish, this could mean a change of mid-term performance, and we might go to mid-term bearish trend. - On the other hand - We went below the 4h e21, if we can’t close above it fast, all this pressure will be too heavy of resistance and we will free dive. • Bullish: - The signs are still clear! We are still in the bullish trend within the channel. - We are still riding the 4h e200. - We are still bullish on all crosses on all the bigger TFs - Sentimental aren’t that bad yet (40) but could get worst, remember: when everyone are panicking it is your buy signal, but let the panic first take an impact, you should see people at around 1-10 and see its toll on price before you do that: alternative.me - We are still above liquidity volume. - Going above the cloud, means we will hit the triangle top part for the 5th time, which means most likely to break it up all the way to 10500 as first target. • Conclusion: - Going below the cloud (And rejecting the yellow S/R) + breaking that bullish channel (Which turns to bearish flag with a big correction momentum) => breaking the e200 (5th time) + breaking below the liquidity pool level => most likely to break the strong yellow support line (5th time) = > most likely change the mid-term bullish trend to a continuation of the big-term bearish trend (The descending broadening wedge which I showed you a few times on the weekly) with the first stop at the bottom of the daily cloud: - Should remember 2 very crucial parts as well: 1. Hash rate fundamentals fucks the system (Drops, heavily, makes the system overloaded, and fees go higher): www.blockchain.com 2. Retail traders net longs are higher then yesterday and then a week ago, while net shorts are lower then yesterday and lower then a week ago. This usually means that the price will move down because whales love to rekt the opposite of majority ;). - Remember, your main focus should be always the mid-term trend (Which is mainly still bullish), you might as well not risk now and see if the mid-term trend changes... I'm personally as usual, just laddering short positions... Yours, Hedgehog king - CryptoArena Supernova team. Personal TG: t.me CryptoArena hall of fame TG: t.me
Short
by Hedgehog_king
2
Will WAX do better vs BTC?Hey guys, welcome to my ALTs analysis (This time I was asked to analyse WAX - 19/05/20): • Fundamentals/sentimental: - Basically what this project is about is to create a main digital exchange for virtual assets, in a decentralized environment - wax.io buy, sell, trade virtual items under 1 platform (Also physical items, but I think this isn’t what really sells the project, as their main focus is basically exchange for the gaming centralized stores according to their advertisement subjects). - Cons: 1. Their White paper was change changed a few times due to different difficulties. And also outdated in many ways like talking about this crazy adaptation for Libta, and others - github.com 2. Their exchange which is in beta, doesn’t really have much to show but except for the new partnership with Topps (physical cards and stickers seller as collectables for brands like Disney, Marvel, Starwars… - www.topps.com) for online collectors (For now only ‘garbage pail kids trading cards - toppsgpk.io) which doesn’t seem to impress me (Why we need it? there is no real sentimental value to this, but who knows, maybe I’m too old for this and the young/next generation kids will grow up with value towards it), and also it looks like their OPSkins project (Before Topps) has died out (0 involvement on Github, and unsatisfied customers occasionally asking them to return them their money about it) 3. Their Youtube channel, I went through some of their vids and promotions, and many links which the provide are un-accessible. 4. They say they try to compete against Steam and other centralized stores, but as for today I just don’t see a possible future for them on that ground, not until we see real big contracts with huge traffic from big names who are willing to try out their system, or at-least some pro gaming indies which are willing support decentralization and willing to use their services. the gaming industry is well too comfortable with their environment, and afraid of changes, but as a fellow gamer I personally would like to see that change one day, so for now the only real thing that drives the price are speculations, and no real use case. 5. They have a staking (as it helps to reserve system resources – cpu, network, and ram allocation to meet the needs of the developers) reward system, which is important, but to me if they won’t show some real use case, these rewards just won’t do, because who needs yet another voting system coin out there (There are way too many)?, and since people mostly holding it for the rewards then there is no real value for these rewards in 2 years… Xd.. - Pros: 1. They keep on trying really hard to show new things coming in, and they always try to get up despite the downfalls and the obstacles on the way. 2. They are actively trying to socialize and show new road maps (like the last one: medium.com) and exciting things coming. 3. Their beta is working, now what they need is actual partnership of gaming industries to build stores on top of their blockchain. They passed the first step with Topps, and prove it works, now I don’t now if there will be real demand for such things online, but their next step is to really sign a first working store on a real game (Or at-least have a partnership with upcoming game) from indies (Who are having hard times with the big centralized platforms)… _________________________________________ • TA: - In overall the big term is pretty bearish, but we are grinding the same area for long while between the strong S/R and the bottom, should we go above it there are many resistances on the way (The cloud and then to create a higher high trend) We user the weekly s10 and the last higher bottom as support which is good!. Should we break above 0.0355 (Above the weekly e21), it most likely will spike up (Especially if BTC will slowly go down or consolidates), and such momentum can grind the weekly cloud inside it with a mid-term bullish pattern (with golden cross confirmation between the weekly e21 and the s10) until tested out to create a bigger higher high, going above it means we are extremely bullish again on this project on the bigger picture as well… - The 4h is forming a nice trend line, should we go below it then the bearish trend continues (Especially if BTC crushes fast or starts it own bull run and exhaust ALTs even more for a long while..) but should we continue with it, then the 4h cloud, and the 4h e21+s10 will give it a nice boost to break this ascending triangle, and if we retest it then this will confirm a nice bullish small-term trend: - If the 4h closes with tiny bullish trend it will give a boost to the mid-term bullish trend to close above daily e50 (brown line), and grind the daily cloud until we see either rejection or a golden cross between the s10 (blue line) and the e50, this will cause us going in the cloud with even stronger mid-term bullish trend, if we continue the trend line then we should break above the daily cloud and the daily e200 (pink line), - Conclusion: There are many “Ifs” here, because we don’t really yet have a bullish momentum (Despite the bullish trend line) on smaller TF (4h) and bigger TF (weekly)… but we do have a momentum on the daily, which means if the smaller TF turn into momentum as well, this will trigger the mid-term to be bullish as well, remember, the trend is your friend, we have a potential here to make a lot of profits between the dips (on swings) if the small term push it up. Now while BTC isn’t doing drastic move is the time for the coin to shine. If I were to decide to enter a position here, I would try longing it vs with an SL behind the last dip candle on the trend (which is also on the weekly last bottom being used as support) at around 0.0297. _________________________________________ • Overall: FA speculation should help to move this coin against BTC falls and bring it to its top 100 potential. Sentimental kicking in, and this project is practically only at the beginning. Every good news should push sentimental to help the TA. TA shows positive daily higher trend, if the small term continues the bullish trend line too then the daily should make a new bullish mid-term trend I like the project idea, hopefully to see more of it. I wouldn’t sit on it for more then 2 years if it doesn’t show strong gaming real life case proof. but I also don't expect it to be top 20, it should be around top 100-50 at-least (Especially if more things are coming very soon)
WLong
by Hedgehog_king
2
The bulls havn't lost yet!Welcome to my daily market update (11/05/20): • Damn, I wanted to post yesterday a market update but a few minutes right before I was done, the market went crazy, which is extremely fun!, my expectations were right, and we finally received my weekly red candle (Or did we? Few more hours to go xd), so I delayed my update until now. • So what we have so far on mid-term for bullish? - We are still riding the mid-term bullish trend, and just corrected to 0.6’ fib levels (Which is very good for such recovery), and used daily e50+e200 as support (Golden cross upon us?): - We still have a gap to fill on after daily+weekly close: - And we created a higher low on 4h (The real question is if we will create a higher high as well?): - Now it’s good place to ladder bullish position, if we create higher high then most likely we are going to pass this 4h e21, and shoot to close CME: • And what we have on the mid-term bear side? - We are under the 4h e21 which we were riding so far, so it will act as resistance now. - We didn’t create higher high yet so we might still create a lower high and a lower low, and on this case our next target is7750: • Now don’t get me wrong, the mid-term is still bullish and might break through the the big-term trend, but we should not forget some keypoints: 1. All markets (Such as DowJones and S&P500 and others) pretty much exhausted with this recovery, and might start crushing the second wave (BTC will also crush on such moment, again) 2. Our big-term is still in this bearish channel (And now we have enough liquidity to push down, especially if close below the weekly e21): 3. The halving bullish narrative is almost over, the moment we pass this event, a lot of retail (And especially whales) might just dump their profits since the event is over. • My recommendation for now, is to stay with the mid-term bullish trend which isn’t invalidated yet. I personally as you well know, am a speculations trader, and thus I keep on focusing the shorts as I did so far, until we pass 10500 with enough confirmations that we are on a bullish market again.
Short
by Hedgehog_king
1
Final push for the bulls? or just a reversal?Welcome to my market daily update: • Daily: I don’t like how the daily RSI isn’t resting, many of you know how I love the OBV indicator, it is a very hard tool to expert it and I have my own way to confirm with it if we are in a bull run or not (Among other confirmations to support it which you must have), and as you can see in the daily chart: most of the green arrows which confirming the last 2 bull runs for me (After confirming these with other aspects as well), are actually working out but with 2 exceptions (Yellow marks) due to RSI (Every time we have RSI overbought, it has a sudden pull out to give oscillators time to rest before the next move): 1. RSI didn’t rest, but it was during a confirmed strong bull run – it means buyers can easily continue buying and suppressing higher “over bought” areas, usually this break TA with over excitement, this should be a warning sign as well that we are getting to the peak if this happens during a parabolic bull run. 2. RSI didn’t rest, but it was during a confirmed bear run – it means that there is a lot of activity from the bulls and that the speculations and excitement are too high because of an incoming event. - This is just my own speculation as I’ve seen it in the past as well, this doesn’t mean that this is what will happen, because in overall the midterm market is extremely bullish which might lead to breaking the big-term bearish market and start the next bull run (We ju, I personally don’t trade against the bigger picture trend unless I confirm that it is changed, so I prefer to stay bearish. - But to our community we prefer the smarter way which is stay bullish trades as we are less focused on mid-term reversals, we prefer to focus on the strong mid-term trend as this gives the best results and not counting on speculations if the overall market trend is changing or not. ______________________________________________________________________ • Weekly: 5 more days for halving, I expect next weekly to decide if to break this, we never ever had more then 8 weekly green candles, so are we getting ready for a final push this 8th week or are we going to heavily reject it? if we aren’t going to break above 9335 until weekend then I expect that we won’t see a 9th green candle and expect us to correct to at-least 8,300 because our next move, breaking below it will bring us to 7575, and going below it I suspect will continue the bearish channel which we’ve been riding for almost a whole year already since 14k, and if this happens then the halving effects will easily start the bull run in next 5-7 months like I keep repeating myself… I wish for the bulls to push harder and finish it up, but as they are exhausted and as we are right under the top channel, I won’t be surprised. - Do notice that we are still inside the weekly cloud as well, which acts as a very heavy resistance for us - And also notice that our weekly PA candle forming a hanging man candle – it means we might have ended our run as well as when it appears at peak of bullish move then reversal is the logical next move • As I posted on my TG: - “Im heavily shorted the market since 9300 on my trading portfolio (big bet), also I sold a lot of my long term portfolio assets, I really think this was the top on Crypto, if Im wrong I dont lose much as per to my portfolio management and all I will feel is just missed out move, but if Im right this is going to be a very big jump for me. I will say this, we still decided to go long for our community as we prefer to follow the midterm trend, but as I have been saying since I came back, just notice that the big term mood since 14k is still bearish, and smallterm vibe is showing a strong weakness from many aspects, so Im staying with my risky bet..” – so I don’t mind if we fall 😉, as I usually trade for the bigger moves. But priority for our group is of-course bullish.
BITFINEX:BTCUSDShort
by Hedgehog_king
XAUUSD TRADING IDEAThis is my analysis and trading plan on XAUUSD i'm looking to long/buy from the 61.80 FIB retracement where the buy is indicated with several confirmations. 1. First confirmation is the double top which has formed at the area of resistance indicating a clear reversal sign with the two red arrow and fib rejection of 0.00 going for a short/sell down to 61.80 FIB to find a support and the second touch on the trend line in turn form a double bottom indicating a clear reversal sign with the two green arrow which will cause a spike up. 2. Second confirmation, the trend is bullish so i patiently wait for my analysis to play out giving me a clear and strong confirmation to buy/long. RISK/REWARD RATIO @ 1:6 STOP LOSS @ 50 PIPS TAKE PROFIT 3 @ 329 PIPS I welcome all comments, feedback, ideas and sharing of knowledge. Have a great trading week! Disclaimer: (This is for educational purpose only. Thank You.)
OANDA:XAUUSDLong
by investor_tfunds
2
GBPJPY TRADING IDEAThis is my analysis and trading plan on GBPJPY i'm looking to long/buy from the 61.80 FIB retracement where the buy zone is indicated with several confirmations. 1. First confirmation will be it's movement down to the area of resistance to form a double top which is yet to form indicating a clear reversal sign with the two red arrow and fib rejection of 0.00 going for a short/sell down to 61.80 FIB to find a support and that is the second touch on the bullish trend line indicating a clear reversal sign with the two green arrow and price will push up from there. 2. Second confirmation, the trend is bullish so i patiently wait for my analysis to play out giving me a clear and strong confirmation to buy/long. RISK/REWARD RATIO @ 1:7 STOP LOSS @ 200 PIPS TAKE PROFIT 3 @ 1534 PIPS I welcome all comments, feedback, ideas and sharing of knowledge. Have a great trading week! Disclaimer: (This is for educational purpose only. Thank You.)
Long
by investor_tfunds
AUDUSD TRADING IDEAThis is my analysis and trading plan on AUDUSD i'm looking to long/buy from the 61.80 FIB retracement where the buy is indicated with several confirmations. 1. First confirmation will be it's movement down to retest the support and bounce back up to form a double top which is yet to form at the area of resistance indicating a clear reversal sign with the two red arrow and fib rejection of 0.00 going for a short/sell down to 61.80 FIB to find a support and in turn form a double bottom indicating a clear reversal sign with the two green arrow which will cause a spike up. 2. Second confirmation, the trend is bullish so i patiently wait for all my analysis to play out giving me a clear and strong confirmation to buy/long. RISK/REWARD RATIO @ 1:6 STOP LOSS @ 200 PIPS TAKE PROFIT 3 @ 1259 PIPS I welcome all comments, feedback, ideas and sharing of knowledge. Have a great trading week! Disclaimer: (This is for educational purpose only. Thank You.)
Long
by investor_tfunds
4
EURUSD TRADING IDEAThis is my analysis and trading plan on EURUSD i'm looking to long/buy from the 61.80 FIB retracement where the buy is indicated with several confirmations. 1. First confirmation with the double top forming at the area of resistance when the buyers pushed the bulls candle above the area of resistance and couldn't hold then it pulled back down and closed within the body and below the resistance clearly showing the reversal sign to complete the double top and indicated with red arrows (you can move down to the 4hr Chart for a clearer view) and fib rejection of 0.00 going for a short/sell down to 61.80 FIB to find a support before moving back up. 2. Second confirmation, i never go against the trend and it bullish so i wait for a clear confirmation to buy/long. RISK/REWARD RATIO @ 1:5 STOP LOSS @ 50 PIPS TAKE PROFIT 3 @ 279 PIPS I welcome all comments, feedback, ideas and sharing of knowledge. Have a great trading week! Disclaimer: (This is for educational purpose only. Thank You.)
Long
by investor_tfunds
GBPUSD TRADING IDEAThis is my analysis and trading plan on GBPUSD i'm looking to long/buy from the 61.80 FIB retracement where the buy is indicated with several confirmations. 1. First confirmation with the double top formed at the area of resistance indicated with the two red arrow and fib rejection of 0.00 going for a short/sell down to 61.80 FIB to find a support before pushing back up. 2. Second confirmation, i never go against the trend because the trend is bullish so i wait for a clear bullish confirmation to go long. I welcome all comments, feedback, ideas and sharing of knowledge. Have a great trading week! P.S. (This is for educational purpose only. Thank You.)
Long
by investor_tfunds
GWO Double Bottom 200SMA GWO has recently passed the 200MA on the weekly chart signalling a strong reversal in the price trend from bearish to bullish. after price showed a double bottom reversal, the price rebounded to break the resistance and cross over the 200SMA indicating a strong bullish trend. Price showed a similar pattern of a double bottom reversal crossing the 200MA in late 2011/early 2012 leading to a strong rally seeing the price increase almost 50% after breaking the resistance. the price target is 45-47.50 (35%)
TSX:GWOLong
by Zacmando
1
Gold Sell IdeaD1 - Price is moving inside a falling wedge pattern. H4 - There are two possible scenarios: Scenario #1 - Price pushes higher, and enters the critical resistance zone that we have marked and also reaching the 100% Fibonacci expansion at 1485.22. This is where I will be looking for aggressive and conservative entries with bearish evidences. Scenario #2 - We need the price to push lower and break the up trend line. After that we can start looking for sell entries with bearish evidences.
FX_IDC:XAUUSDShort
by VladimirRibakov