XRPBTC @ Poloniex: Short/Long-Entry Based On CloudIt is possible to see that Ichimoku Cloud DOES NOT show great conditions to take long positions. So, for those whom are a little bit in a hurry, this actual moment is interesting to try E2E (Edge-To-Edge) cloud strategy with a short target around 12530Satoshis.
However, for those whom are NOT in a hurry, this is a interesting moment to risk a long position in this Shitcoin with target around 16500Satoshis region.
Above it is possible to see that RSI and MACD do not give much information regarding to divergences; nevertheless, RSI shows that this asset is not overbought and buyer team is winning the game, and both MACD and Volume clearly are showing that we are in accumulation phase.
Divergences
Aud Nzd long possibleHey guys
keep your eye on the Aud Nzd possible long opportunity here ..
we see price nearly touching a daily support here ( maybe a we see further drop right on to it---something like a trap )
We see RSI Divergence... and a nice momentum bar to the upside
All i wanna see is a break of that little flip zone right in front of us .
Break n close of a 4h candle above this resistance/flip zone is my signal to go long here ...
if we break the support to the downside the idea is invalid and we need to re-adjust the whole thing ...
so lets see what we can get .....
and always remember we are here to react to the price not to predict it ;-)
Tigerblood baby
NZD Futures: Bearish Shark & Double Top w/ DivergenceI just entered right now at .0742 for the completed Shark pattern. Price seems to be stalling in this area and there is bearish divergence present on both the RSI and AO. The hourly AO just turned red as well for a little extra confluence.
I am only risking ~10 pips on this first try and targeting 0.6927 for a potential bullish 5-0 pattern. As per my strategy when I am up ~10 pips (equal to the risk) I will move to breakeven/cover costs and see what happens.
Bitcoin short ATTEMPT #2Technichals :
Risign wedge coming to an end + daily MACD and RSI divergence (also confirmed in weekly).
We need a breakdown of the wedge to confirm short.
Entry: 1322
SL: 1390
Targets: 1230 (20%) - 1135 (60%) - 1030 (20%)
Fundamentals same as last attempt:
China crypto withdrawals frozen. They could be potentially about to be opened again. We'll have to pay attention to this, specially if you are trading okcoin quarterlies futures.
SEC told us twice (COIN etf and SolidX etf) that bitcoin is not safe for average investor. It will probably say no too to the current review of COIN etf.
Scaling stalled. Neither SegWit softfork nor bigger blocks hardfork seem to reach enough support, and unfriendliness keeps escalating.
Withdrawal of fiat issues in usd exchanges (bitfinex and okcoin mainly). With potentially more serious issues in Bitfinex. Read below for my take on this.
** Now a conspiracy theory. This has not much to do with this trade in particular, but i wanted to express my opinion somewhere. **
My take in the bitfinex issue :
They get hacked for 120k btc without providing any proof of the amount hacked. 120k btc were worth +75M usd at the time (+160M usd now). They dont provide a proof of the actual users holdings in the exchange either.
The debt is settled in usd. They give out a debt token, to regularly pay dividends back from bitfinex earnings.
They make several payments over time: 1.2%-1.3%-2%-4.6%-5% and then a final payment of 100%.
The last and biggest payment happens when they can't wire fiat out of their exchange
A big premium of up to 10% starts to be built in their exchange over other exchanges.
So in the best case scenario, in my opinion, they played their customers.
This is my conspiracy theory :
First they probably inflated their loss in the hack (not saying there was no hack, but that the hack was for a smaller % of the users holdings). Remember they didnt officially provide any proof neither from the actual amount of btc stolen nor the actual users holdings in bitfinex.
Then used the money they falsely reported as hacked to buy debt tokens in the initial panic for about 30-40% of the money owed. Win-win for bitfinex.
Later they started to pay some small percentages to keep the hopes up (1.2% 01-Sep, 1.3% 30-Sep, 2% 10-Jan, 5% 06-Mar). Probably used these payments to inside trade their own debt tokens. Notice that by they 10th January payment only 35M usd of debt were left to pay. 25M by the march payment. The remaining debt was either converted to iFinex equity or "eaten" by bitfinex financial magic.
Sometime in late march, they find banking issues, being unable to wire fiat out. And this is key in this conspiracy theory. This will allow them to pay back the remaining debt for, once again, less than the owed money.
They payout the remaining debt in bitfinex balance (without being backed by real usd? at least not everything)
They announce fiat withdrawal issues, creating a premium on their exchange.
They start arbitring from other exchanges to theirs for a 5%-10% profit per coin. About 70,000 bitcoin ran away from bitfinex with their withdrawals issues, make some numbers.
The final goal of all these: simple, wipe out 120k btc (settled at 70M usd) in debt with probably not even 5-10M usd spent . They sucked the money from their own customers (first buying debt tokens for less than 50% of the debt represented, then selling them cryptocurrencies for ~8% profit, all with customers money. They probably also inside traded their own debt token prior each payment and inflated their loss in the hack).
And this is the best case scenario i can imagine. Lol i'm mentally ill. Don't listen too much to me.
To sum up, if we (customers) are not dumb, we should create demand for one of the next: fully regulated bitcoin exchanges or fully decentralized bitcoin exchange
USDJPY Short AnalysisWe have a channel structure based short position with some MACD divergence.
I actually took the trade on the 1 hour chart on the break an retest of the symmetrical triangle. Target is the yellow rectangle zone.
Will add to position at the previous channel line IF we retest around a 618 fib retracement.
USDJPY Bearish AnalysisIn this analysis I highlighted a double-top formed off during last week's trading
We now approach the downwards sloping trendline and the structure zone (red box)
I will be building a short position. This trade has two target areas, each represented by a green box.
The red horizontal line and green horizontal line on top and bottom of the chart represent the D point completions for the Gartley & Bat patterns from last weeks post.
GE weekly playing off Fibonacci levels for support/resistanceThe $GE weekly appears as a channel up coming into a rising wedge coupled with neg divergences in RSI and Chaikin Money Flow.
I've highlighted notable points of support and resistance within the channel, as relative to the 200 MA and Fibonacci levels. Expecting a move back to the 61.8, and potentially the 200 MA/lower channel extreme.
Huge move in AMGN coming. Huge.NASDAQ:AMGN
Diamond top pattern on weekly with negative divergences in both the RSI and MACD indicate downward future direction.
Based on height of overall pattern, pattern target is near $100. Should a break upward occur (not likely based on RSI and MACD), pattern target would be approximately $210. See Bulkowski
High volume nodes and POC labeled.