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Drop!

The dark knight risesDark knight rises Based on my analysis: I think the bull up move is now compromised. In my previous idea, I've drawn a tight range (channel) where the price was orbiting. It is a ceiling in fact, a real resistance zone. I think there is 15-25% chance that the price will keep on going up strongly. It's really pessimistic in my opinion. Let me tell you why. Point 1: (BULLS score +1) : -------------------------------- In the S4W Mirror indicator, the last green hill is still above the current running red hill. but how long will it last? Not that long I think. Point 2: (BEARS score +1) : -------------------------------- a) There seems to be a large head and shoulders pattern that is forming. I've put some circle on graph to show it. that is really early to tell for sure though, but it'll be a flat pattern if it would occur. b) In my previous idea, I was describing a local forming head and shoulders pattern. This one seems to still be forming. But price must move up to 6550 then drop again. In that case, we will face a price drop to 6K or even less. Point 3: (BEARS score +1) : -------------------------------- Look at the box I've drawn in the S4W Horizon indicator: a) The orange line finally moved above horizon (above zero) b) Yellow line crosses under the purple one, and the purple one is thick and descending regularly. c) point 3/a and point 3/b are occurring nearly at the same time, which has potency for a price reversal. ----------------------------------------- Guys take this has a PRE-Analysis. I just wanted to show you the market temperature to my opinion. The dark knight of bear rises! Price will go up a bit first, it's the key-point to the forming patterns. but if the S4W Horizon indicator has more weight than I thought, the price should drop down fast, even before reaching the last shoulder level (6550). Time will tell ----------------------------------------- PS: Don't take my words for granted. Analyze, re-analyze, then trade at your own risks. PS2: If you like this analyze, please click the LIKE button. FOLLOW me also to get my latest ideas. Thank you.
BITFINEX:BTCUSDShort
by Atemak
2
Never trust Volume Profile on Crypto.I just like to show you something I saw on Binance order-book. This is big buy orders (support lines) arrangement on Binance before they disappear from order-book. i.imgur.com One thing I don't like about Binance is they don't show the whole order-book or market depth. They hide the big part of it from public and this lets the whales do what they want. This is at time of current drop, there was a big buy on 6500 but they picked it up and let the price go down. i.imgur.com And this is current big buy order at 6400: i.imgur.com This is the reason why most of the time I put stop-loss under support line or Fib's levels they get filled then price go up. They pickup their big buys to let price go down and buy our cheap tokens then sell them a little higher to ourselves. Yeah. I must setup a trader BOT to save my money.
by nDman_sk
STORJ: Great opportunity for LONG TERMSTORJ is now in big downtrend channel (red). I expect a continuing of downtrend in the way of the red trend channel. But If we look at the chart from short-term, we can see short-term trend channel (yellow), where is a chance of breakout upwards. But it is only speculation. When the market breaks this small channel, there is a possibility to reach a previous bottom near the blue area (4600-4080 Satoshi). STORJ is a cloud coin and he gets awards as a good start-up etc. From long-term I'm convinced, that STORJ will be useful in future. In this deppresion time for altcoins, it is a good time for reload the supply of this coin, even if the drop would continue. At the chart I have market my opinion, my point of view. I expect this altcoin will drop more, but for long-term investors, it is good opportunity to buy this coin after every drop (step by step). The market could really drop to the levels 2000-1800 Satoshi and this will be the strongest support on the chart. I don't know if the sellers could get his price to these values. A lot depends on BTC move. From short or mid term I think STORJ will drop.
by SlovakTrading
USDCHF: Consolidation is over - Middle termWe can spot, that the Double Top pattern has confirmed. The second TOP candle is bearish pin-bar, which is signalizing the reversal on the market. It pushed the USD/CHF lower. We could see the market consolidation, which lasted more then 4 months (0.98-1.006). The neckline was set at the value 0.98, which had to be broken to make the formation valid. A few days ago, it happened. Now the price a little bounced from 0.965 with candle, which looks like a bullish pin bar. It just seems like bullish pin bar (maybe market consider it, but it is not good pin-bar). Today were published the (YoY) results from Inflation 1.2 percent as expected and also (MoM-August) Inflation, where we can see a little progress at 0.0 percent versus past monthly values -0.2 percent. This are still low value and the market responded with a growth of USDCHF. If the market breaks the green resistance (0.971), the market could test the blue resistance. From a short term view, we can see RSI at really low points and MACD is near the crossing up. On Histogram we can see, the bears are getting weaker. So short term view could be bullish. But we should we aware, the market has confirmed a double top formation. We are also under all important EMA (200,100,50), so currently I don't expect a bigger move (over the EMA). From Middle term I expect breakout the red zone and test lower supports. But from short-term it can be a little bounce to the blue resistance or below the EMA. This is just my point of view, not investing advice. I'm not responsible for your losses.
by SlovakTrading
Cryptonias QUEEN will have to face the next CHALLENGE! *WEEKLY*Hey tradomanicas, take a look at this WEEKLY UPDATE of Ethereum trying to find his path! AS you can see, ethereum made a drop back into the recent range before Crypto-market exploded! Ethereum will have to face the recent Major-Resistance of the downtrend which is obviously meeting it`s fiend "Range-Support" trying to convince him to change team to "resistance". Both together have created a triangle whoch could cause the market players to hesitate before we get into more volume! (SELL-OFF or "lets stay in range guys". Exciting! Peace and good trades Irasor Trading2ez Wanna see more? Don`t forget to follow me! :-)
BITFINEX:ETHUSD
by Trading2ez
BTC Magic 3 DROP inc.? Riding the Fan-Waves! Hey tradomaniacas, it`s been a long time since I`ve published an idea for the cryptomarket because it seemed like Bitcoin`s biggest hobby is to destroy every TA-Idea we have in short-term. Now I`m getting concerned about the current situation that shows more and more weakness and could head to the long expected drop towards 3.000,-! Bitcoin likes to ride the FAN-Resistance-Levels, fails at the 200 Moving Avera and is not able to reate new highs. The magic 3 rule is one of my favourite strategies to trade Breakouts in the Forex / Stock-market. Does that work with Bitcoin aswell? We will see. Just wanted to share my worries / or good chances for a nice short momentum? Stay cool, don`t panic and have a plan for all scenarios. ;-) Cheers and good trades Irasor
BITFINEX:BTCUSDShort
by Trading2ez
BRENT OIL about to be set on fire! Don`t miss that chance!Hey my friends, im still waiting for the Breakout after I`ve traded that Double-Top-Pattern. Now we will have to face a huge chance you don`t wanna miss! We are out of season which could cause fakeouts due to less liquidity causing more volatility. BUUUUT look at this. Good chance coming? It`s all up to the political situation! We will see. Peace and good trades Irasor Wanna see more? Don`t forget to follow me for daily ideas and posts ;-)
FX:UKOILShort
by Trading2ez
BTC potential Inverse HS pattern,bottom 5.2~5.5k?!HI GUYS. today is such a gloomy day. btc is falling, and falling. i have opened my short position at 6500, sold it at 6080. I went long at 6050, sold it at 6150. for me, it is successful, but there are so many people in dooms! now, i want to share quick about a potential inverse pattern that might play out. this is all just a SCENARIO, IF we play out just like last time. But! this idea will be invalidated immediately if we go much higher today to 67 area in coming days, this scenario becomes garbage instantly. however right now the rsi levels, obv, mfi, every indicators, time period before etf hearing, indicates that this kind of charting play might play out IF the bulls want to make a run in sometime in September. guys, you have to understand first, that i think the neckline, for now, just for now, the major resistance is NO longer 6.7~6.8. It is 6.6, and 6.5. yesterday a head and shoulder pattern broke out from 6.5~6.6 area, and this zone is making a big resistance. i do not know where real bounce may come but, at 5.75, since it is a former bottom there will be a bounce, and the top may be 6.2~6.3 at max playing around at 6.0~6.1 mostly. then it will resume going down to 5.2~5.5k levels, and it will shoot up to 6.3~6.4 levels, and it might come down to make a DOUBLE BOTTOM formation, but just higher then the former low or similar. after that, we go sideways, and shoot when a clear bull div has appeared on daily frames. HOWEVER, now the indicators in daily is oversold, and it doesn't have so much room to go down, BUT! in 2014, RSI levels in daily even hit 20 levels, which we might see a massive downtrend. Personally I want this idea to be invalidated, this is really crucial. for now guys, do not jump in 6.0~6.1 level. investment plan for shorts and longs are below. 1. Open shorts 6180~6200(just if BTC breaks out of the rising wedge today we can try) -target 58.7/57.5 -->this is absolutely risky I do not recommend this. only for experts who see this coming, with very tight stop at 6250. 2. Open longs 58.4/57.6/55 -target 6k, 6.2k+@ --->this right now seems like its not going to happen, and this call may be VERY EARLY. HOWEVER, we will see a bounce here so not a risky trade like the short. good luck in trading!!!!
BITFINEX:BTCUSD
by Turningmecard
1
Getting ready for another drop. With a new resistance.I know it SEEMS like this is the area we will bounce around, but i think on balance of probabilities we will Find ourselves hitting a new low shortly. So far with every initial pump to begin a larger pump we have not had a divergence on the momentum as we do now. As well as that, every time we did have a dead cat bounce we DID have a divergence before a new low was made. With this is mind, I say get ready for a new low, and another bounce. It isn't even oversold on the daily yet, and yet here we are.
Short
by UnknownUnicorn2073191
5
Elliott Wave Analysis: NASDAQ May Drop HardHello traders! We want to share with you pretty clear and recognizable pattern on Nasdaq! According to correlations with other stocks, we assume that stocks may face a hard drop. We can clearly count five waves down from 7358 highs, which suggest a bearish reversal, but the most important is that we see only three waves (A)-(B)-(C) of corrective recovery back to ideal resistance at previous wave (4) around 7150 level. In EW theory, impulsive five waves down and corrective three waves up indicate a bearish trend. As you can see, Nasdaq already sharply dropped from 7150 resistance area and currently can be just consolidating before a continuation lower towards new lows, especially if breaks below EW channel support line and 6987 bearish confirmation level, which would confirm our view. Even if turns back above 7150 level, we will still tracking a correction, but just more complex, so we remain bearish as long as it's trading below 7358 invalidation level.
CME_MINI:NQ1!
by ew-forecast
11