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H4

Possible USD/CAD Short PositionSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H8 Timeframe - 1-2 weeks Actions on - A – Activating Event Currency Pair creating a Double Top. USD will move north again over the next couple of weeks which will help line up the trade B – Beliefs Market will be rejected at @1.33314 level and move towards the first Target 1 level @ 1.31 level. FX:USDCAD Trade Management Entered @ Still waiting for confirmation Stop Loss @ 1.341 Target @1.31 Risk/Reward @ 3:1 Happy trading. Will let you know closer to the time if or when executed
Short
by SMPTrader
ETH - H4 TARGET HIT & Double Bottom Pattern possibilityHello guys, quick update, it just hit my 198.55 target, pretty nice but another rejection at 50 EMA, been like that since early october. The thing that I found lately is that there always a weird shakeout before every move I see. Is it manipulation, hard to say but it definitely play with people mind. Because as you can see, we got a huge wick down that caught a couple Long SL, a lot of $$liquid.$$ and we found a way to close above trend, kinda funny when you start predicting those weird move. Probably a sign that I got outplayed by a couple of them earlier LOL, gotta learn. On M5 chart we have bullish rejection at 196.50 which is a really good sign for the moment. If we can hold there at 0,382 fib this would a really nice correction but I wouldn't be suprise to visit last high at 0.5 fib (195,66) but let's hope NOT! :D Tonight is the monthly candle close which could be a really important point for ETH and BTC if we manage to close below 6383 this would mark a yearly low and from what I see on the H4 chart this could possibly be a double bottom pattern. We have higher volume on the first dump and the first dump marks the lowest point out of the 2 bottoms. We got a higher volume on first peak, failed to make higher high since that peak and printing higher lows, a good sign of a bearish pennant. The second dump confirmed the pennant and the dump ends up higher then the first one with lower volume which is another good confirmation of a double bottom pattern, for now. Usually a double bottom pattern is a mark that a intermediate or long-term change in trend is coming. Which seems like a good point if you pay attention to the upper trend resistance, but you know, we are used to those fake breakout :) . What I will be paying attention to today is the monthly candle close that will probably mark the yearly low on BTC then I expect in November the confirmation of the double bottom pattern. To confirm the pattern we will need to break 198-200 ~ resistance first, that would be first confirmation, the second and final confirmation will come from closing above 208 ~ and break upper trend resistance. When this happen, the double bottom reversal will be done. So this is an important day for us, cryptonerds, have a good days guys, have fun trading and of course keep LEARNING ! vOid
BITMEX:ETHUSD.PLong
by vOidca
CHFJPY (H4): Retracement (Long) Likely to HappenCHFJPY Timeframe: H4 Direction: Long Confluences for Trade: - Strong Bullish Engulfing Candle - Break of Trendline in H4 (Established since Sept 2018) - Hovering around 50% Fibo levels of previous uptrend move - Narrowing gap between 8EMA and 50EMA - SL Levels is placed below the M/T Trendline (since May 2018) and 61% Fibo levels of previous uptrend move However Stochastic is showing H4 is around Overbought conditions, you may want to consider to wait till the Stochastics re-balances itself before entering the trade. Suggested Trade: Entry @ Anywhere around Area of Interest (113.00 - 113.80) SL: 112.17 TP: 115.95 RR: Approximately 2.21 (Depending on Entry Levels) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Long
by weekendanalyst
ETH - What's Poppin'Hello guys, vOid here, took me a little bit to update as I was waiting to see if we were going to move sideways a bit or keep dumping into oblivion. Good thing, my oct. 2 chart was right on point, except it took 3-4 days longer before the dump to 185$ occur. So what is poppin' since then. Well as you can see, we hit that D1 Bottom Range and bounce off of it in a bullish way, which is good sign for now. We made a higher low, which form a sexy trend with sept. 12 lower low. Right now price is moving sideways and squeezing under 0.236 fib. If we are retracing, I expect price moving towards .5 - .618 fib in short term but not breaking blue box, just moving sideways below it before breaking it. If we look on M15, we can see an ascending triangle forming, making higher low but getting rejected on SFP everytime. Volume is diminishing which is a good confirmation of the pattern. 194 ~ looks like a good support at the moment too. As soon as we break that M15 SFP, we go right up to 208 resistance. If we look on D1(FINEX more data), with the newly formed higher low, we can safely form a channel connecting the 2 lows and the single high. Add a fib retracement and you can clearly see 0,786 as a good spot to retrace to and to form a higher high without leaving channel line. But first, we need to smash that SFP Line as hard as A. Silva legs.
BITMEX:ETHUSD.PLong
by vOidca
CADJPY Bigger Picture View Down To H1 Time Frame - Good Setup!Weekly (pink): We are currently in wave 4 of the weekly structure. I expect wave 4 to complete to the top of the structure before we will see whether there will be a break of the structure to the upside on this wave or whether there will be a 5th wave to the downside first. Daily (blue): We are in wave 3 of the daily structure. Interestingly the target for wave 3 is at the same point as wave 4 of the weekly structure. This indicates a strong possibility that the price will move to that target. H4 (green): The structure that has formed on the H4 time frame doesn't completely tie in with the bigger picture view as it has a bearish formation. I expect that there may be an extension in wave 5 which will complete the larger structure views. H1 (red): I am sitting on my hands at the moment and waiting for the H1 corrective structure to unfold. As things stand now, I am expecting to see a 5 wave structure formation which would complete at the bottom of the green H4 structure. I will be looking for the long entry from that point. Contact me via direct message for any assistance required. Analysis on all the majors and their crosses available Happy trading! Linton
Long
by Linton_White
2
ETH - will the trend hold ?Here's a little update : So during the night we drop back to the trend. The question is, will the trend hold or will it drop down to bottom of range ? 1 - Everytime we touch the trend, there was a major bounce back from it everytime. But each time the bounce got weaker and weaker. 2 - Are we going to see a small bounce back before dropping below trend ? 3 - 3rd legs is closing close a major connection ? 4 - Volume is still diminishing. 5 - I'm waiting to see where market will go, but I'm aiming for a dump to bottom of range (206,20) considering the volume we have at the moment. I will update this post in a couple of days, give the market some room to move. Don't take any of this as a financial advice, it's not. I use those post to improve my trading knowledge and be a better trader everyday. Have a great day, vOid
BITMEX:ETHUSD.P
by vOidca