ETSY$ETSY Gave us two nice Breakout Trade Set ups last two callouts with great gains.
Like this potential set up as price traded off the 89 EMA with momentum
on friday as well as out of a zone. $ETSY also got added to the S&P 500 Friday.
Community
GBPNZD 4/27 weekly outlookI think price is going to run these equal highs to pick up liquidity before continuing bearish. Long term I am bearish on this pair. Ignoring all buys and waiting for my sell setup. Monitoring price on the daily tf with 4 hr entry.
The Social Traders | EURUSD LongEURUSD - You guys already know the drill.. Let's wait for price to break out of the descending Trendline *breaking the previous swing point @1.08900* retest, then enter. Once we are above the 4hr 50 EMA this could be lovely longer term play up to the higher time frame double top which lines up with the -61.8%.
NAS100 Shorts for upcoming weekWe are seeing a good downtrend, we are finding good resistance at the 8100 level . This is where we are expecting the reversal to carry on selling. We will follow along the 15 minute time frame for a trendline break and retest for a confirmation to short.
Expecting a move to 6550.
If we break above the 8100 level we will be looking for a long oppurtunity.
Crazy Idea, Community Consultant Needed!!! What if our all observation is too conservative??!!!
And mistaken?!?!
RVN good R/R here, 20% move possibleFor now it looks like RVN has found its bottom. My target is a double top for 20%. Volume uptick, and indicators about to bottom. Seems to hold 200 MA as support, a close below could invalidate this trade and we could go to double bottom, keep that in mind.
NCASH lots of upside to this oneTrying to pick this up around 25 sats , might take some time but it has been trading in this range for a bit. Im sure we will see a nice break out eventually. Ncash like to run fast so keep an eye on it.
FET reversal incoming ??FET retraced back to monthly open, also price channel acting as support and multiple MA's on 4h and daily lining up , setting my buys trying to catch wick down, after that tight stoploss, getting out if we break weekly low, meaning we go below those Ma's.
AMBBTC 60% upsideUsed a measured move on weekly that points us towards 1000 sat range, lines up with fib channel.
kmdbtc still in this sideways channel, gives us some nice swingsKMD is in a nice sideways channel. Buy area 1390. sell 1560-1630.
YOYO looking for another move up here|Using measured move here for my target, hoping for another move up. So far holding strong. Doesnt seem like theres a lot of sellers. Buyers stepping up soon??
PUNDI X / NPXS time to wake upHi there,
NPXE seems to be ready for a ride.
Indicators are showing us some positive signals. We can notice that positive momentum jumps in, good volume, daily ATR close to break out.
There are pretty good fundamentals either, well enough to move up. As worldwide XPOS/XPASS integrating or oncoming allocations of f(x) tokens for holders starting from March 10.
Good team, huge community and partners.
Enjoy!
NZDUSD TO 0.69ENTRY: 0.67892
SL: 0.676
TP1:0.682
TP2: 0.69
RRR: 3.93
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$BTC 1D (OUTLOOK BEARISH)- if you go to my previous charts you will see on Dec 12th i posted a chart with the purple ABC waves going up and it has played out almost perfectly thus far.
- i think the bears arefighting bulls off around 40-4200 ranges and we are heading downwards on the B wave towards 36-3700 where i will look to re open long positions
- this candle is looking really bearish and would like it to finish even worse than it is now.
Darth Vader finds your lack of faith disturbingI'm ashamed. Embarrassed. I don't want to tell people I dabbled in crypto.
The main reason is the weakness and lack of faith within the crypto community itself.
It hamstrings itself at every opportunity; shorts constantly, can't sustain bullish activity for more than 5 contiguous minutes.
What are you doing?? Collecting 1% and day trading.
Recent studies show that the amount of crypto press multiplies in times of negative activity , and despite claims of market manipulation, the far greater threat are your weak , trembling hands that hit the sell button every time you see green.
Pathetic.
If crypto fails it is because it failed s a cooperative community.
The worlds premier financial services disavowed.
Of course this is a threat to government , and they may play a role , but it is small; crypto is still of and by the people involved. Failure to maintain BTC above 4k when an ASIAN session set it up to get there is also pathetic. They (those involved in mining) have had to sell machines for scrap but have more confidence in an overall positive outcome than the trembling westerner.
Your kids still want crypto for Christmas. Kids tend to be pretty smart , being not far removed from education, at this point taught coding in school, and may have greater insight than the fools destroying the concept of something anti-globalization.
What is especially galling is that the weakest hands are the ones otherwise subject to a fractional reserve banking system in countries like the U.S. for example, that are trillions of dollars in debt.
There is a day coming worse than '08. And when it does the government will bail out banks again , because the banks are so greedy they lend out money that doesn't rightly belong to them , and when the machine breaks the Federal reserve PRINTS MONEY.
WAKE UP AND DO SOmETHING!!!!! RAISE THE BAR FOR ONCE. No, 2017 is unlikely to repeat in that it will not be a parabolic rise in just a few months, but rather a slower yet permanent rise if you would simply allow it to happen. By you I mean EVERYONE involved in finances at all who can see their reflection in the mirror.
If this was a team , you went undefeated in '17 only to lose every game in '18. I'm the guy yelling in the locker room , because I cannot and do not understand such behavior and do not want to.
This IS a community , and while everyone wants to make money , it is painfully obvious that the self inflicted wounds just keep on coming.
YOU just failed to break a 4k barrier for BTC - forget metrics that is ALL psychology , and it happened because you short sold and ran. Enjoy your short term capital gains tax.
Finally, why in the f%$% does every other major coin have to be directed by Bitcoin? Are people just too stupid to understand the differences in fundamentals and use cases?? One ring to rule them all, and it's that one?? Equally pathetic.
Tax headlines scare you off?? You suck.
Bad press? You suck. Do some research . The bad press is a ploy by big money to get YOU to sell, you , the guy who gets hurt , so that the absurdly wealthy can buy in cheaper.
Fortis Fortuna Adiuvat.
** I am not a financial advisor and the above should be construed as a rant.**
BTC Parabolic Pattern AnalysisHey guys, I continue in my Bear mood since my last post( )
But Now I drew Parabolic curves throughout BTC's past performances.
* In the Technical analysis, the moment it breaks a parabolic movement, 40 to 80% dip is expected. *
As we can see, in its past, it has already happened a few times but is also good to notice that it has always come back up to a new ATH.
Also, I would like to give special thanks to my mentor Peter L. Brandt (follow him on twitter)
Please trade safely
Don't forget to comment your ideas as well as suggestions for another currency analysis.
This is not financial advice
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Trend line broken buuuuut I don't trust thisI am short on this pair because of the trend line break and candles but at the same time it looks like it wants to go north. I think its news related or something, but I may get out of this trade.
What do you see here?
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ETH found support on the big symmetric triangle?Hi there.
I think eth\btc can be a good trade here now.
We see that eth have clearly formed a symmetric triangle over the past 6 months and that we now found support in the bottom again, I think therefore it may be wise to accumulate eth now with a stop limit trigger close in case we get a breakout wrong way.
As you can see, eth has only hit 100bb support 2 times earlier in the daily chart, this is the third time we hit hit. Historically, we have always had a nice run after reaching this support line.
The first trade target is about 10% to the purpel line. Now lets see how this trade will turn out, wish all good luck if you are into this trade from before or will join it.
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BTC Bullish?? I am - are you? Need to complete the H&S for confHi, I'm have to tell im again bullish on btc in the coming weeks.
Why- Here are some reasons:
1: I expect that we now take a new attempt at 6800 and this time if it will be done to complete the inverse head and shoulders, then it's a very bullish sign and it also gives confirmation that we are now in a "bear" bullish trend
2:Btc currently trying to break 6380-6410 resistance which is median in 20 days bb
3:If BTC can now break and find support at 6400 then it will go for the next attempt on resistance on 6800.
6800 is also 20 days bb resistance and if it manages to get through it is the next target 7400 \ 7500 as it is 100 days ema
4. We keep finding support on 50 bb and its rises upwards on the macd indicator I use, that should meen the price will increase upwards for upwards momentum.
My entry: Enter 6100 \ 6300
My stoploss: 6040
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What are the forces that drive down the price of Bitcoin?Bitcoin lost ground and falls and falls…
Here is a list of the reasons for the current pressure on the price of Bitcoin:
• Plans of South Korea about banning cryptocurrencies in the future.
• China ordered the exit of cryptocurrency mining and transaction verifying. This is due to heavy power consumption.
• Currently, China hosts 80% of the computer capacity of the Bitcoin blockchain. Can this huge computer power be replaced fast enough? Or will Bitcoin come to temporarily halt?
• Because of the newly implemented high transaction fees, will Bitcoin -2.87% -8.57% survive as a payment coin?
• Currently, Bitcoin payment transactions are very slow and are no more applicable on checkouts of big retail stores.
• Bitcoin can no more be used for micro-donations and micro-payments because of the high transaction fees.
• Will a coin that can no more keep its promises remain the number one coin in the world?
• Sheikh Shawki Allam, the Grand Mufti of Egypt, issued a formal fatwa on Monday January 8, 2018, stating that trading in the digital currency is “forbidden in Sharia”.
• Since Bitcoin futures exist, there is more pressure on the price of the Bitcoin.
• USA and Bulgaria are selling seized Bitcoins worth 3.5 billion USD.
The pressure on the price of Bitcoin in combination with a shrinking community are causing the current problems of Bitcoin. It is uncertain if Bitcoin will ever recover from the actual massacre of its price. This crisis is because of the discovered fundamental weaknesses of Bitcoin. Unlike earlier price drops, this time it is not just a normal correction. Users are leaving Bitcoin. They prefer new, more efficient high performance coins.
Technical analysis.
The bearish scenario develops exactly in the way I have described it in previous ideas. As long as the price of Bitcoin remains below the level of 12230, the bearish scenario remains intact. Right now, the price of the Bitcoin is approaching the 9005 level of the low from December 17, 2017. On the chart, it is moving down inside the yellow channel.
At the 9005 level, there will another showdown between Bulls and Bears happen. Who will win? The price of the Bitcoin, will it drop to 5568? Will the ongoing sell-off continue?
PIVX/BTC: New 300k Bull Run Support 7/77/343Overview:
Using the setup and analysis (detailed below) we are projecting a continued bullrun with support towards 300k sats, with a new trading channel between 130k sats and 170k sats (the .618 and .382 Fib). The 7hr average is currently on an explosive upwards trend as it has punched past the downwards (orange line) BTC compression and the 77/343 averages, with increased trading volumes assiting the rise.
CURRENT SETUP & EXPLINATION OF SIMPLIFIED CHART
I use a 7/77/343 hour of trends (7-white, 77- purple, 343 - white cloud).
Snapshots for Setup:
1) 7/77/343 Intersections
First intersection: 4/22/2017 172k sats -0.25%
Second intersection: 7/28/2017 75k sats -0.25%
Third intersection: 10/8/2017 75k sats -0.25%
2) Line Setups
- Upwards Trends (green lines): Using the intersections from above, plotting the first upwards trendline (from 1st intersection to the peak ATH), duplicating these lines through the other two intersections
- Downwards BTC compression (Orange line). From the top of the ATH down through last crossing of 7/343/7.
3) FIB setup and support
- From first junction to ATH, we see that PIVX rose to around 170ks (1), then corrected to .786, before fnally settling into a trading channel between .618 and .382 (green lines). Support for this period was consistent at the .236 (blue bottom line). We drew a blue dotted horizontal line to demark the prior ATH, and a red dotted line at the top (1.618) line. This is (interestingly) come into play in a few more snapshots :)
4) Intersection Trendlines (Purple)
- Using the prior ATH and tracing a downwards line from this peak through the next intesection of 7/77/343 (Purple line, and then duplicating this line placing the same slope through the NEXT 7/77/343 intersection, we can (interestingly) see this intersects...almost exactly at the 1.618 fib line from above and the upwards green trend line from the nexus seperation. Highlighted with circle. Also notice the second upwards green line intersects this upwards purple line and prior ATH. This indicates a potential level of resistance, but if passed, will indicate a level of future support.
5) New ATH and trading channel
- Fib from current position to the top (prior 1.618 line), we see a new ATH around 275-300k sats, with a new .618 line close to the prior ATH of 170k sats, a new trading channel between the .618 and .382 at 170k sats and 130k sats, and a new baseline .236 support around 90k-100k sats
