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EUR/USD Potential Pullback to 1.12000Hello Everyone!!!! EUR/USD is currently approaching a major Support level at 1.11250 Last time price was at that level was in April 2019 and three times price failed to breach that level once in 25th of April once in 23rd of May and once in 30th of May now price is currently trading at that same level. Will we see a retracement back to 1.11250 or a breach of 1.11250 and a continuation to the downside? I would Like to see a fake out break to the downside and a retracement back to 1.12000 I personally believe the pair is currently exhausted and needs a breather. Look for Wick Rejections around the support level, this will confirm our entry to go long, if however we do get a break and a retest of 1.11250 expect price to drop to our weekly level of 1.09750 Trading should not be complicated, and charts should be simple. This is a simple and clean as it can get. Don't buy into the Stupid pointless indicators and robots that promise you millions over night. Like and Follow for constant updates on the pair!!!! Much Appreciated!!!
Long
by cheetahtrades
BTCUSD Bitcoin Clean Chart - BS Free for those who prefer it.Bitcoin Bitmex Chart Update 26th July Same copy as last chart but without text all over it. If you prefer this way please hit the agree button and will change - if you prefer the text (for twitter mostly) please hit the other one. Feedback and alternative views are appreciated too ; ) Bitcoin was a buy on a break above the 8160 line yesterday (though by time comment went live it had already broken higher, sorry- busy day yesterday all round) It was also a buy if missed the first break on a return to the 8160 line overnight, with the low being 8163 since then. But the rally is a little lame so far up 100 or so points.. Can raise the stop to 8240 for now. It's effectively back in neutral, yet again in the very near term whilst trading within the range forming overnight and today bounded by support at the 8160 line and resistance at 8298-8320. Has to break above 8320 to return to positive for rally back to 8478-8576 range. Any break above 8600 at any point on rising volume would be extremely positive and can follow long again from that point looking for 8863 initially and then once broken above to 9367. Until then the best we can do is raise the stop as above or close out as close to the 8300 line for 140 points or so profit (if you were around to buy the dip overnight) and be ready to go again on a break above 8320 on rising volume. Returning to the downside potential from here: has to break below the first support line at 8163-8155 range to trigger a 100 point scalp back to 8053. The next support lies at 7944. It must hold up here at lowest on any retests for the uptrend to remain in tact from here.
BITMEX:XBT
by sumastardon
10
Dax Index: GER30 Topping Formation short Set-Ups Clean Chart/BDax Index DAX Topping Formation If you trade Bitcoin you will be familiar with this pattern for sure. Having broken below the longer term lower parallel the Dax has fallen away to structure lows to left of price, dropped a little lower to take out the last swing long stops - and then promptly swung back higher again. In doing so it's tracking up a smaller pair of parallels back towards the larger parallel above it. It is going to have an insumountable problem breaking above either of the parallels now above it. In addition to showing topping activity now we have a seasonal pull working in opposition to price. 'Sell in May and go away, come back on St Leger day' is an old stock market adage for a reason. Up to 2015, in the 65 years since 1950, the US stock market has returned just 0.3pc on average between May and October. That compares with a 7.5pc average return from November to April. This significant difference is the justification for the age-old adage. St Leger is the day in September when the horse race of that name is run. It is the traditional end of the season, short-hand for being out of the market during the less profitable summer months and fully invested in the winter. This pattern of seasonality is very much present but not apparent every single year. That would be too much to expect. Nevertheless, it's very much there, even if it does hide sometimes inside the noise. Long story short, this index is vulnerable again now. It's testing the junction between fixed and dynamic support lines at 12789 now. Failure to hold here should tip it back into bear hands again and force it lower to 12599 to begin with where it should try to bounce away again - any failure to do so will trigger another wave of selling back to 12323. Both these breaks should be worth shorting when they come. Any break below any fixed line of support by more than 25 points should lead to a near term test of the next support line. The biggest of these moves lower is the last, from 12300 down to 11856-11744. On the upside this index has to hold up at 12789 now for the bulls to stay in control from here. It can do this one last time and rally from here right back to the highs and just take the stops above out, before falling away again. This is effectively inverse price action to the action we saw at the last swing lows of March. But that is a best case scenario. At best this is a speculative buy at 12827 because the stop is so close by, just under 12800 for 30 or so loss if wrong here. But be ready to short on first break below 12800 with stops 60 or more above. The up-trend looks to be waning and running out of upside momentum now. Be ready for the break lower, maybe set an alert, and act on it. It could be a good trade - if we don't get stopped out first...
FX:GER30Short
by sumastardon
Bitcoin: BTCUSD Clean Chart BS freeBitcoin: BTCUSD Clean Chart BS free The raging beast that is Bitcoin just never quits. It's either positive and rising fast or negative and falling fast. It's hardly ever neutral though. What more could a trader pray for? Just so long as she keeps moving we can make big returns whichever way she moves next. Had to leave this at around 1.30 am GMT whilst still in full flow. We'd shorted from 15810 with a stop 60 above - the high was 15858 so it came damn close but was never struck. Some will have closed out on the first test of the big parallel at 14300 for a 1500 point profit, others still awake for the play-out will have closed out at first target at 14040 for 1750 profit and then shorted again on break below here by 25 points for the fall to the next target at 13086 for another 900 points of profit. Below here the next support line lay at 12717 which was struck, but it was imprecise and the eventual low of this run was actually 12565. Hopefully most have made at least 1500 points of profit in a few hours trading and some will have 2650 stacked away from the two big shorts set up in yesterday's comment. We aim to mine at least 1000 points per week from the Bitcoin mine (as middlemen, efffectively) and hopefully 2000 per week. That way we buy Bitcoin outright at current values roughly once every couple of months. So far, so good. Just so long as Bitcoin keeps moving we have a genuine chance of achieving this, too. Right now Bitcoin has made a near 2000 point counter-rally and has now fallen out of the parallels that have guided this rally and is vulnerable again. We know Bitcoin really likes to double bottom at the end of a real consolidation period and so rather than buy the rally (too late by far but notice how often there is a change in trend at 5am-7am GMT and often at 12.30am GMT as China opens for business) so will stay flat for now looking for a sell from higher up or if we miss it, a buy from lower down if we see a double bottom being created at 12718-12558 range later on. More as the move develops.
BITSTAMP:BTCUSD
by sumastardon
10
BITCOIN: BTCUSD Wave Power: Big Picture Clean ChartBitcoin: BTCUSD Wave and Price just keeps Growing Life and Times: Just Another Manic Sunday - Bear Witness to the Fastest Market in History - Bar none. Update/positions: Yesterday we got stopped out at 10900 for a 900 point win from 10008 and were looking to re-enter from 10638 in a perfect set-up - it was close but no cigar with the subsequent low being 20 points higher. See how it made that base under the highs? Hardly bearish was it? If it was bearish it just would not have behaved like that. Remember this behaviour! You're going to see a lot of it in this environment on other Alts at different points ...see how it behaves under old highs: does it recoil hard, big red candles of rejection or it lazy, almost disinterested? Long term holders don't give a hoot for whether price is 12 or 13 or 9 or 21. it's just a number. They ain't selling. No supply. Lots of demand, and - as humans are wont to do - we are somehow much happier paying 11.5 now than 9.5 just 48 hours ago. Humans! Are we not, like Bitcoin itself, a piece of work to behold ? Traders' Update Look at this wave now. It's tidal, tsunamic in size. It grows as fast as Alien and moves 100 times quicker. If day trading, or holding long again from 10650 ish lows of later yesterday prepare to take profits as the upper parallel is tested, spiking up into the top-most parallel at best before falling away again... looks likely to come back to 11385 at some point and potentially to 11070 - note the two little pins at the top - a tiny tiny fractal flag is forming by the look of things before the next surge to the upper parallel. it looks like it will consolidate close to the highs and at worst dip to 11500 and perhaps spike to 11385 at lowest before it rallies again to hit the upper parallels. Next buy/add point if we don't fall away further from here comes on the break of the tiny dynamic coming off the highs. But close out again at the parallel for 400 to 550 gains. If we see this challenge above 12000 and into 12150 range it is possible that we then see a large collapse start from there ...doesn't have to happen, but would be 'normal' behaviour in any other 'stock'. The problem is Bitcoin is hardly 'normal'. Supports shown on the chart are the most likely spots to expect support to step in later on today/tomorrow.
BITSTAMP:BTCUSDLong
by sumastardon