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My trading plan how to be rolling in cash in no timeHow to be rolling in cash in no time and become a filthy rich highroler with shitload of money? My plan is simple. Very f****n simple. We all expect Bitcoin to cool down because todays price is simply too high. Unbearable. Todays price counts expectatons 20 years ahead. Real price should be approx $100. These days /till December 31st / we are in overall declining trend. However it is reasonable to expect a retracement to previous low /$435/. Nevetheless we can be sure of future buck wild price moves. Thus Bitcoin must go down once it reaches resistance around $435 and decline at least to $380 or even lower to $300.
BITSTAMP:BTCUSDShort
by SunnyMorning
EURUSD - Descending Wedge Broken - Looking for LongsGreetings Fellow Traders, Following up on a recent EURUSD analysis, the market unfortunately at his time did not provide us with a support entry or retest of yearly lows....however it DID confirm the break of the Descending Wedge on the daily chart. I will be looking to enter a long position on a retest of this significant level. Please keep in mind that the close of the daily candle in the next day or two are the most vital to the success of this trade. Wait for price to get back to the desired level to retest the resistance that was broken and should now be acting as support. If this action does not take place, neither does a trade. Trade Opportunity: Buy Limit 1.0580 or Manual Entry Stop Loss 1.0520 Take Profit 1: 1.0700 Take Profit 2: 1.0820 Please do your own analysis before entering a trade. If you like what you see feel free to comment, follow or "like"
Long
by Synapse
9
NZDUSD Long Opportunity - 1 Hour/4 Hour/Daily Potential.Greetings Fellow Traders This is nearly the same chart as the previous NZDUSD analysis I posted, I've removed some of the elements and added some with commentary on recent price action. Key resistance level has been broken, the chart speaks for itself if you have any questions regarding the price action/entry feel free to ask! Pending Buy Limit .6510 or Manual Entry (Anything between .6490 and .6515 I recommend) Target Profit .6620 Stop Loss: .6470 or 4 Hour Candle Close under Resistance level broken. Please do your own analysis before entering a trade. If you like what you see feel free to comment, "like" or follow.
Long
by Synapse
2
AUDUSD - short term bias - 4hrAfter 52 days of consecutive downside action from the most recent high (daily) , is this now time to go LONG and back the bulls?, here on the 4 hour chart we have a nice double bottom play out and i believe we are heading back up to retest the 38.2 retracement. in confluence with this particular FIB retracement on the 6th of july we located a minor area of support and we respectively held that level until the following day breaking straight through it, now from this point we had a minor fall in the next few days and went on to retest the support as resistance on the 10th of july and again on the 15th, indeed failing!. As we continue this week keep an eye on this level as we could break the resistance heading higher to the 61.8 or infact be a perfect entry for a sell order. Happy Pippin
by HektorMorganFX
USDJPY TRIPLE BOTTOM - Bullish ContinuationIt's safe to say it's been an exciting day in the Markets, and to be honest we don't expect that to change much over the next week. As Greece came out of the weekend with absolutely no progress whatsoever, Risk Aversion took a hold within the markets as investors started pumping their money in to "Safe Haven" arenas. One such Safe Haven is the Yen, and it seems this was a favourite. As the Currency Markets re-opened for trading many pairs had gapped considerably. The gap in the USDJPY however enabled price to retest the 50EMA AND the 122.5 Support Level. This may prove important as the week progresses. Additionally this important retest will be the third at said level, thus we have a Triple Bottom! And Right on the 50% Fibonacci Level too! How convenient.... Of course all this is assuming volatility is at "normal levels", which we know it is not... Pretending we don't see the kind of whipsaws and gaps that are most likely (yeah right!) here is the confluence that supports the trade: 1. Triple Bottom 2. Spinning Top Doji 3. 50EMA Bounce 4. 122.50 Support Rejection 5. 50% Fib Level 6. The Trend is your Friend As per previous post, Profit Target 1 provides a good 2:1 Reward Risk and Target 2 a 4.2:1. Reaching Target 2 however may require a bit of a fundamental push also as a VERY strong 20 Year Trend Line lays in the way (). That said the Triple Bottom Set-up might be enough to get this push underway and with the NFP at the end of the week, we could well see Hawkish sentiment break price through... For more please check out forexvader.com and let us know what you think. We're a new blog highlighting technical analysis and other areas of trading. We're always open to suggestions, ideas and even guest writers! Thank you in advance, Team FV.
Long
by ForexVader
USDCAD H1 BULLISH ABCD.. I found a pattern that was playing its game on the usdcad with the price making a double bottom on the hourly chart and the price action forming an inverse pin bar with a bullish candle following , forming then a morning star pattern that confirm the short ter bullish bias for this pair. At the moment the price made a higher high and besides the bad news released today on job claims the pair still holds a bullish momentum which support the trade and shows strength on the bullish side. I expect the price to continue to the bullish side if we see good news related to the pair with the Ivey PMI Release for the CAD and the Factory Orders release for the USD.
Long
by tommyjose92
Waiting for a real breakdownRight now, we are in a symmetrical triangle and we are going to have fake-out moves on the smaller time frames like we did just a few minutes ago that don't involve any real volume. Now we can see that consolidation is almost over and it's almost time to choose a trend. Since we made the peak at $315, we've had several patterns that might indicate a move, when really, the price was just in consolidation, and I warned against putting too much faith or trust in these patterns since they weren't on a big enough time frame. This time, I don't think we will have another fake-out. When we break down on significant volume, which I expect to happen, it will become the trend. Right now, I see us making lower highs including the run up to $268 with a very weak pattern of slightly higher lows on the $230 support line. Given that the predominant trend is still down, this pattern favors a move down. Once this pattern breaks down, the first target is the recent lows in the $160s and possibly a continuation after that.
BITSTAMP:BTCUSDShort
by MoonTrader
Bulls are coming out.Thanks to MoonTrader I implied a descending wedge into the bitcoin bubble retracement analysis. Here you have two different possibilities on how bitcoin can behave in future. I am bullish and I guess I am not the only one. Have a look at the picture: oi60.tinypic.com The chart shows the sudden increase of the price followed by sudden return to the same lavel. For me - the only reason for that is someone buying a huge amount of bitcoins by one transaction. And what do you think about it, guys?
BITSTAMP:BTCUSDLong
by Vatis
8
Descending Triangle, Weak Gartley combo, 4 Hr This descending triangle is always a bearish pattern, indicating a strong sell signal. Here we see it paired with either a "weak" Gartley or Crab advanced pattern. Technically it's a failed gartley. I call it weak, because the 'B' point retracement of XA doesn't reach the .618 fib levels. To be fair this has more of a potential for the Crab pattern, which would make the floating 'B' point valid and would also corroborate with our Larger Gartley pattern on the daily chart. I *may* have helped push this up and out of the descending triangle after we bounced on the blue .618 fib line. A large enough buy at the right times can do that. Considering that I was heading out of town for four days of backpacking off the grid; the failed break out was a signal that I didn't want to have open short positions of substantial size left unattended. Likely it would have continued sideways regardless but the end result remains the same. Read more about descending triangles: www.babypips.com Read more about Crab patterns: www.trade-forex-harmonic-patterns.com Read more about Gartley Patterns: www.harmonictrader.com
BITSTAMP:BTCUSDShort
by ninjabenja
4
Bitcoin Price - Pop or Drop?This chart is a minor re-draw of the chart originally published by chrisdunntv. Changed the following: 1) Moved blue lines to touch candle wick lows and highs. You still have two touches on the ascending blue support line and the descending blue resistance line. I believe this better reflects the recent weakness in the bitcoin price as highlighted in the yellow oval. It also allows a little bit of additional time for price to resolve as it has extended out the blue support and resistance lines a few additional days. I think those additional days will be needed to really get a good feeling for which way the price is heading. The way this was drawn showed price falling through the ascending support. I think this is what is going to happen ultimately, but believe by adding a little extra time for this to resolve that the move will be clearer should price drop through and head toward $560. You can see that around the $560 level the Bitcoin price found support and did not fall all the way to the ascending blue support line. However, recently, the price has consistently failed to reach the upper blue resistance line. It looks to me like the price will fall through the ascending blue support line. We will then get a chance to see if near the $560 level will provide support or not.
BITSTAMP:BTCUSD
by TerryKinder
5
#GBPCAD long on sharkGC dropped significant and fast from 846s highs completing the shark lvl1 @88.6 XC ret. (8141). The PA is currently on 127.2 ext of previous low with a possible long on this shark to 8222. However, a good structure (February lows) provides more support @805s where the shark lvl2 completes. Discretion is advised since both entries long are technical correct. Strategy I would use: Entry on 1st shark completion, looking for targets 819-822. Observing PA at these levels for signs of bullish continuation. If not present, closing pos. waiting for possible double bottom at 1st shark completion or entry lower on 2nd shark completion.
Long
by fximperija
1
Inverted Cup and Handle Top or Descending Broadening Wedge?As many of you know United States and Japan's diplomats have been working on the Trans-Pacific Trade Agreement TPP. Trans-Pacific Partnership (TPP) is an ambitious plan for a free trade agreement among 12 countries which, if realized, could cover 40 percent of global GDP. It is a key plank in President Obama's foreign policy, and an effort to anchor the US firmly to a region that is increasingly feeling the pull of Beijing's mighty economy. But huge sticking points remain, with the US and Japan -- the world's first and third largest economies -- fighting to protect important domestic industries. Washington and many of the other parties to the talks -- which also involve Chile, Mexico, Canada and several Asian countries -- say Japan's unwillingness to open its lucrative agricultural market is a deal-breaker. Below is a news brief on the situation. "US Trade Representative Michael Forman and his Japanese counterpart Akira Amari said 18 hours of discussions had done little to reduce the "distance" between them, especially on farm and auto products. We agreed today that our negotiators will continue until the end of the week (with) the discussion on agriculture and autos" Gridlock between Japan and United States has shaped the charts in a unique way. Chart Pattern Near Term Descending (Falling) Broadening Wedge For the past few weeks, as many of you know from Trading View’s message board, I have posted the descending (aka falling) broadening wedge pattern. The pattern has worked perfectly and looks to be ending soon. As you can see on our chart, the falling wedge has kept closer to inside descending support line in recent weeks. This could mean that we will react in opposite manner, and the falling pattern would elongate to our upper resistance (thick black descending line) shaping a handle, or the pattern is breaking down and will speed up to the downside. I posted likely key support area's using a Fibonacci extension from important tops and bottoms from the descending wedge pattern. Big Picture Cup and Handle Top Pattern (6 month Cup) Neckline 84.00 (horizontal) to 83.00 (following descending support; 0 to -2.5 degrees) Possible Secondary Deeper Neckline at 83.00 to 82.00 (following descending support; -2.5 to -6 degrees) Measured Target(s) 79.13 , 77.33 and 76.06 If we look at our related event between Japan and U.S. that is triggering the pattern we have shaped, and with an optimistic outcome next week, we should see our bottom somewhere near those necklines I posted above. I would also expect a possible breakout above the handle(s) I charted, rendering the cup and handle a busted pattern and the broadening wedge as a breakout. However, without a deal between the U.S. and Japan next week. I would think the market could quickly turn negative and we could fulfill the measured targets I mentioned above, measured target(s) 79.13 , 77.33 and 76.06
NASDAQ:QQQLong
by QuantitativeExhaustion
10