Get started

DROP

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
Nasdaq in the next few weeks.Hi Index Fan, Like I explained on my draw, and after the analysis of the time trend, and also the strong divergence with the RSI, the correction is coming. Sell in May and Go Away, or Short in september and go to the beach ... Unfortunatly the pun is not here the divergence Yes! It is time also for the velocity to go up again after the flash crash of february. All indicators are bearish, so caught that, and lets make dollars (And Holidays) ! $$$ ! Let me know if you have any question. HM Ps: About the Target price I got it with Fibo and my indicator ( Write "Moriceau" and you will find some of my indicator in public) :)$
NASDAQ:IXICShort
by Hugo_Sw_Trader
bitcoin to test $7k before heading to lower $6kas much as id like to think this bitcoin dump is over i still think we have further to fall. we are basically at wave 4 and i expect a small climb now as we have found support in the $6700 region. after breaking the short term trend line we now have resistance around the $7100 (orange dotted line on diagram) and for the market to feel confident in buying the bulls really need to make an effort to take $7100 and remain above it. saying that i think with the market in the position it is a lot of buyers aren't seeing the green lights for it yet and im feeling we will fail this test. if failure happens then a drop to the next trend line (shown in pink on diagram) at $6500 (yellow dotted line on diagram) is the most likely scenario creating another double bottom for bitcoin, this could be the area buyers are waiting on. a drop into the green box wouldn't mean the worst however failing to hold $6200 (Z on diagram) could mean we drop below the $6k (blue dotted line on diagram) mark then its anyone's guess to where the knife lands; $5k, $3500, lower? - all are possible. playing with caution right now, ovs plenty of opportunity but also as much risk. tight stop loss at any of these regions if you move in. peace.
BITSTAMP:BTCUSD
by cooper_5e
1