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#btcusd - Questions, Questions, QuestionsWonderful Sunday morning Traders! Hand on heart, you are sitting here watching all those nice charts and forecasts and assumptions and predictions? And the ONLY thing that comes out of it is a chart like this? Congratulations, you belong to the big majority of those who are interested in technical analytics but completely overwhelmed by the amount of controversial opinions. The big issue with this is, it is as simple as the actual price action itself. Over the years I have learned, that trying to forecast a price development is numbing and paralyzing you and keeping you back from actions, when they are needed. Who on earth wants to answer all those question marks? I can´t, you can´t, no one can! Trying to catch bottoms / tops, hodling or forecasting by following assumptions that can´t be made have cost a lot of you, a ton of money and made others filthy rich. Start taking this serious, start taking trading as what it is, a day by day fast-paced business where decisions from yesterday are worthless tomorrow. Stop being paralyzed. Cryptocurrency market is FAR too young to make any sort of long-term spot-on predictions. It´s 50-50 guys, live with it and start USING this fact to your advantage. Some people laugh at those like me who more or less never say, it´s going up or down. I am saying it will go up or down, of course it will, at least I am able to make a plan for both directions and won´t sit there in the end crying over my wrong assumption and lick the wounds of my broken self-confidence. Be as choppy as the price and you will succeed. ------------------------------- Warm regards, Nerubica My open group: t.me/nerugroup Alerts: NeruSuite Alerts XBT: t.me/nerusuite_alerts Divergence Alerts BTC: t.me/nerudivs Cryptopedia & Cheatsheet Bot: (under construction) @NerubicaBot in Telegram Web: www.nerusuite.com
BITSTAMP:BTCUSD
by Gl4diator
1
Russel futures crossdown formingOpened green but getting rejected at resistance like es and nq. On 30m chart a crossdown forming which could see a bit of a drop. I wouldnt be surprised to see all 3 indexes open in the red tomorrow. Puts held over weekend would make some money but not enough to be a big win per say. Still glad i stayed out this weekend. But as we know. One trump tweet could change the course drastically. Could see some choppy markets still until feds on 18th.
CME_MINI:RTYZ2019
by MoneyFlow_Options_Community
BTC Update! Choppiness makes for tough tradingBeen away from here for about a week. Last chart we had watched BTC lose it uptrend with the loss of our higher lows which led to me personally getting stopped out and locking up profits from last trade in the mid 10.5's. We were sitting at about this same level back on last chart posting on 8/21 and I was patiently waiting for another leg down to begin scaling in and being able to use the $9,470 as a stop loss. We got that next leg down shortly after and sent us under $10k and into the $9700s. This allowed me to fill about 50% of my buys and currently I have already taken my profits for some small gains since then. We've had quite a bit of choppiness which had me really not interested in holding a position and risking a quick stop out on some volatility. I am watching our 12 and 26 EMAs on both the 4 hour and daily chart. 4 hour chart posted here and bulls have pushed price action above the EMAs a couple of times but on both re-tests back down to the EMAs where they ideally would find support, they failed. Daily chart had same issue on its only attempt this past week to get above its EMAs. So we currently sit below the EMAs and are receiving some resistance. BTC overall in some pretty shaky trading environments and that choppiness just makes it tough to feel confident on any trade setup. I am comfortable in cash currently. Markets in general pretty shaky lately so sometimes the best position to play is the sidelines in these situations. We don't always need to be in a trade and if we miss a bull move, there will always be another to come. So for now, I am patiently waiting, even zooming out at weekly chart which has given some lower highs and lower lows since our end of June high. If the lower lows continue on weekly chart, I'd be eyeing the lower $8,000's potentially as the next lower low. Bulls to change that trend need to find a weekly higher low compared to $9,071 and I am not confident $9,470 is it due the poor follow through on the bounce and general choppiness. Sorry for long post and a bit scattered on thoughts but just not a ton to do in this type of trading environment. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
Horrendous market conditions. Can only get better?I do not really know stocks, there might be opportunities there, but aren't they all correlated anyway? All the rest thought, nearly everything is crazy lame. What is this? Why? Too large influx of retail traders 50/50 coinflip prevents markets from trending? There are not even good ranges to trade. What if all these awful retail market participants are making markets random and much less volatile? Ahhh it's all over, we can't make money because of all the noobs that take random guesses on the direction. The Eurodollar for example, it's not tightening, it's like tightening but while pointing down. How does anyone make money in these conditions? Ignorant regulators are joyful "oh the volatility is falling due to trash traders 'buying oversold' great"... markets trend for a reason... So dumb... The smaller the ATR the happier they are, it's unreal "Great! I had a really bad experience when I gave it a try! If markets don't move other idiots like me won't lose money, awesome!". YES, and when that heartbeat stops you will have a beautiful flat line and won't have to worry about anything anymore ^^. Markets dying is clearly an awesome thing for the economy, woohoo! Unbelievable stupidity. Just unreal, I must be dreaming. I don't want to get wealthy by 76 years old. It's going to have to break eventually right? And then the suicidal thoughts will go away, yes, yes... Also for new traders, not the best conditions to learn. There's really nothing to get out of this. I already look at alot of markets... Might have to look at stocks if it does not get better... Assuming they don't get bad too. You CANNOT make money in a random market (well you can make a bit with interests or dividends then... not great). First let's look at the good news: 1- We can always participate in this nice Palladium bubble. It's expensive thought (fees), so only good for swing trading, and not just 2 days. 2- The bane of life on earth is trending, for now, we still get opportunities. I have a feeling it will make a lower high (already made a higher low), and just get tighter. 3- Indices are soaring, seems to be slowing down thought, except for CAC 40. Retail isn't interested in CAC 40. What if this is really the reason everything is dying? Hnnng no please no, gtfo dirty bronzes. 4- There is the Turkish Lira but I don't want to lose everything... Could trade it on a separate broker and be protected by negative balance protection... It's going up and interest for buy is pretty high... So long term swing trades are not that interesting. Turkey paying huge interest with imaginary money making it bad... Erdogan ruined the country... And can't even short the Lira too much interest rates, or maybe it's still worth it. I really would rather stay away. Now for the bad news, 185 points. I'll only show a few examples rather than all of them ;) Virtually all currency pairs are bad and offering very little opportunities... Silver has not been interesting for so long... Even soft commodities are not interesting...
by MrRenev
3
DJI breakout or more choppy action?I'm using Log chart on monthly time frame. Dow Jones Industrial currently trading in very similar fashion of how price action looked before Dot-com bubble. Index must break 27000$ and trade above it for a while in order to continue higher. If we cannot get above recent top, more choppy action to follow based on almost identical structure we've seen before. If we cannot break higher of this blue box, 40% drop might follow. If that's the case, test of 2014-2015 lows might occur and give as 15500-16000$. This is pure speculation and just an idea to look at.. Have a great weekend ahead! DJ:DJI
DJ:DJI
by Patrikas10
AUD/USD Breaks back above 0.7400AUD/USD:- After a choppy week of price action last week, Friday's candlestick closure confirmed a strong bullish hammer , after rejecting major support levels, and broke back above the 0.7400 level. This was critical for the pair as this now provide us with a valid trend direction and trade set up. With multiple confluences aligning, I still favour a run back to the resistance level of 0.7550 and beyond to the weekly level of resistance 0.75750. Higher time frame analysis suggests there is a high demand region below the 0.7400 area , with multiple wick rejections showing weakness and a slow down in market momentum, it proves that there is a significant buying pressure building . If you were to combine the price action, with our moving averages crossing over, this is helping us filter out the overall market direction and therefore we should only be looking to trade in that particular alignment. ©Everythingfx
Long
by QW-Trading
USDCHF rebound suggests further choppy sideways trading The pair went through a mini roller-coaster Wed's session. Price dipped to 0.9930 in Europe b4 rebounding to session highs of 0.99 68 in NY but only to fall to 0.9929 after announcement of Trump's tax plan. . Looking at the daily chart, despite dlr's resumption of MT fall fm 2016 6-year peak at 1.0344 after breaking Jan's low at 0.9862 to a 4-month bottom at 0.9814 in Mar, subsequent rise due to broad-based usd rally to as high as 1.0108 in Apr suggests said 3-legged decline has ended as this level was also accompanied by 'bullish convergences' on the daily oscillators. Having said that, dlr's decline to 0.9863
by Jadtecnic
More Before Less Central Bank Stimulus To Run Economies Hot 2017Central banks are (again) helping bulls by keeping the stimulus active until they see higher inflation - according to rumors and speculation of the last three days, ahead of the next ECB meeting this Thursday, October 20, 2016, where Mario Draghi might surprise the market to the upside again, after the reaction to the last meeting was a falling stock market. This could mean that we might get a very boring low volatility sideways choppy trending market in the next months until maybe even the end of January 2017, as shown on the chart. If these trend lines hold, the next move would be up, therefore a long to at least 2150 is the next logical step in this calm market scenario, if the low of October 13, 2016 holds as key support, producing higher lows as result in the days ahead. The upper end of this projected move higher could end at resistance around 2169-2171, which is the 2. long target after 2150. Long entry: 2125-2130 1. Target: 2150 2. Target: 2170 Stop Loss: 2120 1. Reward: 20 points 2. Reward: 40 points Risk: 10 points (from 2130) The news: "Draghi Seen Embracing More Before Less 'QE' as Inflation Edges Up" www.bloomberg.com Seventy-eight percent of the 50 economists surveyed by Bloomberg from October. 7-14 forecast the ECB will announce fresh stimulus, and nine in ten of those say it will happen in December at the earliest. There is a common perception that WSJ reporter Jon Hilsenrath, perhaps one of the most well-connected journalists at the Federal Reserve. Here is his last article for the Wall Street Journal: "Yellen Cites Benefits to Running Economy Hot for Some Time" (by Jon Hilsenrath) www.wsj.com (here a link without a pay wall) www.morningstar.com P.S The "S&P 500" close of Friday, October 14 shows a lot of bullish divergence on the mainstream indicators (RSI, Stochastic, CCI) and the "S&P 500" bounced back from outside the standard deviation as shown by the Bollinger Band. Therefore there is still some chance left for the bulls to turn this sinking ship around during this outlined potential sideways trend.
SP:SPXLong
by ChartArt
1
Bitcoin at an Important Short Term Cross RoadUp until now Bitcoin was still consolidating in a wide range of $680-630 in the ascending triangle and did not rally as I expected after the halving day yet to retest $750-790 area. One thing you can learn from Bitcoin's behavior over the years is that it ALWAYS retests the previous high a second time. Also Bitcoin LOVES to bounce within triangles. Currently we have a series of 1H 2H 4H and 1D Bollinger Band Squeeze on the Bitcoin chart which indicate that Bitcoin will strongly move in one direction. Both bear and bull directions are depicted on the chart. If you have not been trading Bitcoin for several weeks now well now is the time to watch for the big move that will unfold in the next few hours and buy/long or sell/short the breakout accordingly. In case of a strong move down and increased volatility Bitcoin could still head to $560-570 to double bottom. Other indicators and factors to consider: $660 support has held strongly so far The 1W RSI megabull trend is still holding strong We have 2 ascending triangle as shown on the chart (kind of a failover just like we had at the 400s The 1D and 1W momentum are still bullish showing that the longterm bulltrend is still intact Google trends shows an expected interest calm which is usual after the strong interest surge of the last spike from $450 to $790: prntscr.com Longterm: Bitcoin is still in a bull market and should reach $950-1000 USD by end of September and new highs close to December 2016- January 2017 I am here to help. Feel free to ask me questions or Private Message me directly. Also follow me on Twitter: twitter.com Also check out our new website in our profile (still work in progress!) Where can I register and buy/sell/trade Bitcoin? Bitfinex Signup: www.bitfinex.com (0.2-0.1% fees - Accepts Worldwide users – If you deposit BTC to the account you can trade without needing verification!) Okcoin Signup: www.okcoin.com (Very low fees and offers 10x 20x leverage - Accepts Worldwide users except US residents – If you are a US resident you can always take the risk and open an account but remember the fake ID # you will put in there) SimpleFX Signup: simplefx.com (High leverage - Accepts Worldwide users) Circle Signup: www.circle.com (US & UK Residents Only) Coinbase Signup: www.coinbase.com (Accepts Worldwide Residents) BitMEX Signup: www.bitmex.com (Offers 50x leverage - Accepts Worldwide Residents) If you join Bitfinex under my referral you will get %10 discount on your trading fees the first month! If it is your first time trading Bitcoin I highly suggest to open an account with Bitfinex and Okcoin.com. if you need help trading I will help you out :)
BITFINEX:BTCUSDLong
by BitcoinGuru
6
GBPUSD Short setup on a Bat patternThe pound have been on a very choppy ride sideways lately, but what means bad conditions for others, means good conditions for harmonic patterns, or fib structures. So here we got a Bat pattern setup on the GBPUSD we had an Cypher earlier that got invalid, and turned in to this setup where we are going short at 1,43183 at our PRZ level, stops and targets are on the chart. RSI is moving into the oversold area so lets see what the market brings us. Remember if price retraces beyond the A leg, trade is invalid. Kind Regards Thomas Jeff
Short
by UnknownUnicorn101425
ES/SPY/SPX thoughts - May 2015 Update(Disclaimer: I have posted several short ideas on ES/SPY/SPX since the start of the year - I have played some of them for quick profits, also have gotten burned a couple times; it's safe to conclude that so far, the bullish trend hasn't been broken, but hasn't accelerated either. And even if the S&P 500 just made a new closing high today, it's still stuck in the same range it has been for a couple months already. In conclusion: I'll keep trying to play the ranges until it stops working). ES/SPY/SPX thoughts: Stuck in a 60pt range since Early February Signs of strong selling pressure around SPY 212 / SPX 2120 Resilience in 100-day MA as key trendline support. Tightening Bollinger Bands signal the possibility of a big move in either direction to come soon. Mixed signals on RSI and other momentum indicators. The Index has gone unscathed through geopolitical distress in Europe, a slowdown in China, the blackout in corporate buybacks, and recently, a deep selloff in US Treasury bonds, thus showing the crucial importance of the Bernanke/Yellen Put in explaining stock prices. Playing the ranges has worked wonders so far; but a shift towards a directional bet is in order (having in mind SPX above 2125+ and under 2075- closing levels as key prices to watch). PS: The theme of worsening macro data and technical divergence that has been extensively documented by several market analysts is still on; however, it has to be confirmed whether these factors can generate a change in direction for the US equity market. Best of luck trading and don't get caught in the chop.
FX:SPX500
by Daniel_Urdaneta