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Downtrending

Ethereum is retracing to create its lower highIt's a great thing we're no longer fooled by big big candles being a big move. Proce closed pretty Bullish on Sunday only adding to the combination of randomness . Anytime price created a lower low, I project and expect it tush lower after a retest. This is exactly what price is doing, a reversal candlestick at a key area suggests its almost time to short. If anything price has determined where it wants to slow down. This 61.8 retracement is no surprise considering the fact that the weekly was rejected earlier when price attempted to break it. It seems price wants another crack at rejection. I'll short here since the 30min and 1H is already creating lower lows and lower highs upon reaching that area.
BITSTAMP:ETHUSDShort
by DesharedPierreJr.
📉 Downtrend ID Cheatsheet *UPDATED*What Is a Downtrend? A downtrend is a gradual reduction in the price or value of a stock or commodity, or the activity of a financial market. A downtrend can be contrasted with an uptrend. Downtrends are characterized by lower peaks and troughs and mimic changes in the perception of investors. A downtrend is fueled by a change in the supply of stocks investors want to sell compared with the demand for the stock by investors who want to buy. Downtrends are responses to changes that surround the security, whether macroeconomic or those associated with a company's business activity. 🔹Understanding and Identifying Downtrends As much as it is important to look out for uptrends when trading, it is equally important to understand and identify downtrends. A trader may potentially save money if they decide to sell off a declining stock. If many traders decide to sell a stock at the same time, it will result in a sharp decline in the stock price. The stock market is sentiment-driven, and fear of a further decline may result in even further selloffs of a stock. Some traders that frequently day trade may decide to implement stop-loss orders to protect themselves against a downtrend. A stop-loss order placed with a broker helps a trader sell once the price of the security reaches a certain price. Downtrends can vary from a gradual continuation to a sharp decline. A sharp decline may occur as a result of news-related topics, such as a poor quarterly earnings report or loss of a lawsuit. A downtrend can be identified and understood through various forms of technical analysis. One simple area of technical analysis is the use of trendlines. Trendlines connect a series of high or low points. The reversal of a declining trendline signals an uptrend. Another simple area of technical analysis is the moving average technical indicator. The moving average takes the mean of prices over a period in the past. If the price of a stock tends to stay below the moving average, it signals that the price is on a downtrend. 🔹Trading on a Downtrend Many traders look to profit from sell offs of a stock. While many traders will sell, taking the view that a price will decrease further in the future, some traders take the opposite view of hoping for a price increase. Downtrends may also lead to attractive valuation and present new opportunities for traders to purchase shares of stock. In another sense, downtrends allow traders to make money by short-selling stocks. In order to short a stock, a trader borrows shares and immediately sells them, in hopes that the price will fall. If the price of the stock goes down, then the individual will repurchase the shares back at the lower price and return the borrowed shares. The difference between the old price and the new price is the profit that a short-selling trader holds. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
9
📉 Downtrend Identification CheatsheetWhat Is a Downtrend? A downtrend is a gradual reduction in the price or value of a stock or commodity, or the activity of a financial market. A downtrend can be contrasted with an uptrend. Downtrends are characterized by lower peaks and troughs and mimic changes in the perception of investors. A downtrend is fueled by a change in the supply of stocks investors want to sell compared with the demand for the stock by investors who want to buy. Downtrends are responses to changes that surround the security, whether macroeconomic or those associated with a company's business activity. 🔹Understanding and Identifying Downtrends As much as it is important to look out for uptrends when trading, it is equally important to understand and identify downtrends. A trader may potentially save money if they decide to sell off a declining stock. If many traders decide to sell a stock at the same time, it will result in a sharp decline in the stock price. The stock market is sentiment-driven, and fear of a further decline may result in even further selloffs of a stock. Some traders that frequently day trade may decide to implement stop-loss orders to protect themselves against a downtrend. A stop-loss order placed with a broker helps a trader sell once the price of the security reaches a certain price. Downtrends can vary from a gradual continuation to a sharp decline. A sharp decline may occur as a result of news-related topics, such as a poor quarterly earnings report or loss of a lawsuit. A downtrend can be identified and understood through various forms of technical analysis. One simple area of technical analysis is the use of trendlines. Trendlines connect a series of high or low points. The reversal of a declining trendline signals an uptrend. Another simple area of technical analysis is the moving average technical indicator. The moving average takes the mean of prices over a period in the past. If the price of a stock tends to stay below the moving average, it signals that the price is on a downtrend. 🔹Trading on a Downtrend Many traders look to profit from sell offs of a stock. While many traders will sell, taking the view that a price will decrease further in the future, some traders take the opposite view of hoping for a price increase. Downtrends may also lead to attractive valuation and present new opportunities for traders to purchase shares of stock. In another sense, downtrends allow traders to make money by short-selling stocks. In order to short a stock, a trader borrows shares and immediately sells them, in hopes that the price will fall. If the price of the stock goes down, then the individual will repurchase the shares back at the lower price and return the borrowed shares. The difference between the old price and the new price is the profit that a short-selling trader holds. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
4
XAUUSD sell target still below 1680Hi Traders, After enjoying a whopping 1000 pips sell on Gold for three consecutive weeks from 1843 to 1841 exits. I have decided to exercise a lot of patience for gold to retrace as the bearish momentum was very strong last week and we were able to see some imbalance in the market. Price has been ranging between 1832 and 1848 with a spike to 1853 zone after the major sell and it would not be a good idea to just continue the sell within the consolidation zone without precaution. The weekly closure below the uptrend on the weekly is a good confirmation that price finally broke the uptrend last week and we need to see reasonable retracement. I will not take a sell trade below 1785 unless price action tells me otherwise. For now, I will wait patiently to see how the new daily candle will close. Money is made while waiting and watching Regards
CAPITALCOM:GOLD
by Olajireolapoju
BTCUSD -W1/D1- ONGOING DOWNSIDE MOVE !Today, we are going to look at the weekly and daily time frames. WEEKLY (W1) : Last week price action triggered a long black (bearish) candle with its closing level @ 46'705, just above the bottom of the sideways trading range of 46'650-50'500 mentioned in my previous analysis. Moreover, the Lagging line is approaching the Kijun-Sen and a cross under this line (on a weekly closing basis, at the end of the ongoing week) would be an additional information, calling for lower levels ! RSI below 50 @ 45.73. Global picture is negative with focus now on weekly clouds support area which are between 45'200 and 37'000 On the upside, in this time weekly time frame, the 48'800 level should still be seen as the first significant resistance to break, which would ne utralise, for the time being, this ongoing downside risk. DAILY (D1) In an ongoing downtrend channel following the failure to clearly recover (on a daily basis) above TS, currently @ 48'140; as long as we stay (closing basis) below that level, the risk will remain to the downside, calling for lower levels towards the 42'000 area first; below the psychological 40'000 should then act as the next support level. On the upside, watch MBB (currently @ 49'500), which should be seen as an important key pivot level for further development (BULLISH ABOVE AND BEARISH BELOW !) Have a nice trading week and all the best. Take care Ironman8848 & Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
BTCUSD - D1 - 3RD CLOSING BELOW TS !DAILY : For the third consecutive day, the BTCUSD closed, on a daily basis below the Tenkan-Sen (TS) or Conversion line ; such kind of price action should be seen as a additional warning signal of a ongoing bearish trend. More over the last two trading days, triggered a "DOJI" pattern which is also a sign of uncertainty and indecision ! The first support target S1 (@ 49'240) I was calling for yesterday, has been reached with an intraday low so far @ 48'656. Today's closing level should add more clues for the upcoming trading sessions. Globally in this daily time frame, the broad picture remains bearish under the influence of several factors, such as the primary downtrend line resistance, currently @ 54'177 which also coincides with the PIVOT LEVEL (Kijun-Sen or Base Line). As already mentioned, on a daily basis closing level, only a clear sustainable breakout of the level previously mentioned would force to a view reassessment of my expected bearish scenario, calling at least for a retest of former low around 42'000 H4 : Watch the clouds ! For the time being the Kijun-Sen rejected several downside breakout attempts and the CHIKOU SPAN or Lagging line crossed over the Tenkan-Sen. In term of trend in this time frame we can see a switch from a former uptrend which started form 42'000 towards a high so far of 52'000 to a new ongoing downtrend with its downtrend line resistance currently around 50'700, which also coincides with the top of the 4 hours clouds. A clear breakout of 52'000 would open the door for higher levels in activating a pullback towards the former uptrend support line, currently around 53'000-53'500, approaching the KEY PIVOT LEVEL OF 54'177 ABOVE MENTIONED and which corroborate globally my technical analysis. Do you like my work ? Do you find it valuable for your ? If your answer is YES, please do not forget to firstly like it and secondly do not forget to add Ironman8848 on your following list either. Have a great trading day. All the best and take care Ironman8848 & Jean-Pierre Bürki
BITSTAMP:BTCUSD
by Ironman8848
3
SHIBUSD - D1 - THE TREND IS YOUR FRIEND...WEEKLY : Fifth consecutive black candle...The 61.8% Fib ret @ 0.00003702 has already been filled with an intraweek low @ 0.00002915 reached last week. Global picture does not smell good !!! Indeed on this time frame the pressure remains to the downside ! DAILY : In an ongoing downtrend move; below the clouds, the Kijun-Sen, the Mid Bollinger Band and the Tenkan-Sen ! RSI below 50 @ 38.00 Only a recovery above the cluster (0.00004174-0.00004356) would neutralise the ongoing downside risk in that Daily time frame H4 : Same picture than for the Daily chart; watch the downtrend line resistance (in red) H1 Recovery attempt in this time frame; watch Tenkan-Sen on a 1 hour closing basis. A successful upside breakout would be the first signal of a tactical recovery with an upside pretty limited towards Mid Bollinger Band ahead of Kijun-Sen SELL ON RALLY Ironman8848
FTX:SHIBUSD
by Ironman8848
2
Bitcoin Downward trendchannelHello traders, Here is an update on Bitcoin on the 8 hour chart of Bitcoin. The head shoulder formation is still active and intact. The neck line is slightly more accurately placed now. As I mentioned earlier, violent pullbacks are quite normal in this volatile market. In the process, a Demark 9 buy signal for the short term also came in. I am still bearish on Bitcoin as long as BTC moves in the downward trend channel. In the short term, the RSI is overbought with a negative divergence. Be sure to place stops when trading and good moeny management is essential. BTC's long term direction is and will remain upward! So buy and hold traders need not worry. The price continues to rise in the long term due to the 4 year halving of Bitcoin mining and interest from institutional investors.
Short
by PegasusTechCharts
The right time to short CAR?The right time to short $CAR? Finally, the trendline has been violated after an Evening Star Pattern formed on the daily chart. We can clearly see that this stock has been on a strong uptrend since the pandemic, and has almost doubled from the pre-pandemic high ($52.90). Meanwhile, AVIS BUDGET has not been fully operational, sold a big chunk of its fleet and increased its debt significantly. Few things to consider the short position: - Fundamentally overvalued - Bearish pattern formed on the daily chart - Trendline violated - MACD / Price divergence - +DI crossing -DI on 20/04/21 - Volume has been drying-up for the past 1/2 weeks. ( Be careful with illiquid stocks! ) - DMI showing trend weakening My position is this: Short @ $78.17 SL @ $80.02 TP @ $64.49 Insane risk to reward ratio :O Do your own DD!
NASDAQ:CARShort
by RobertPetkes
EURUSD 1.19613 + 0.09 % SHORT IDEA * CONTINUATION PATTENS & STRUhEY everyone Hope everyone is good new week new opportunities, Here's a look at the EURO / DOLLAR from the 2H chart. * looking for continuation patterns to the base of structure so will be watching price and looking for a completion of the double top formation. * The pair is currently trading in a descending channel looking for structure to definitely hold as from higher time-frames the pair is net bullish. * significant moves with the bulls change the trading plan. * follow your entry rules on entries * significant moves with the bulls change the plan. lets see how it goes. AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu