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BTCUSD Short - Harmonic Pattern shows Bear but Fib shows a BullHey I'm trying out new patterns to learn the ways of technical analysis. This time using Harmonic Patterns and Fib channels. From what I can see if I interpret if this right, the Harmonic Pattern shows a clear Bear and the Fibonacci Channels show a stronger support for a Bull (due to the more lines that matching up between 23.6% and 78.6% as support layers). I think BTC might go up a little, but as we near (D) from there BTC should be dumping due to heavy resistance. More analysis coming up soon. If you have a different opinion about this or I'm entirely wrong. Let me know in the comments, I'm stil a student at this! According the investopedia these are some of the highlights that I followed on these Harmonic Patterns and Fibonacci Channel: Harmonic Patterns The price is dropping to A. D is an area to consider a short trade, although waiting for some confirmation of the price starting to move lower is encouraged. With all these patterns, some traders look for any ratio between the numbers mentioned, while others look for one or the other. For example, above it was mentioned that CD is a 1.618 to 2.24 extension of AB. Some traders will only look for 1.618 or 2.24, and disregard numbers in between unless they are very close to these specific numbers. Fibonacci Channels Common Fibonacci numbers in financial markets are 0.236, 0.382, 0.618, 1.618, 2.618, 4.236. These ratios or percentages can be found by dividing certain numbers in the sequence by other numbers. A Fibonacci extension requires three price points. The start of a move, the end of a move, and then a point somewhere in between (the pullback). Traders will watch the Fibonacci ratios between 23.6% and 78.6% during these times. _____________________________________________________________________________________ I'm purely a beginner in technical analysis. Please hit like, follow or place a comment if you wish. Any of your feedback is my motivation to keep going and to learn more about Technical Analysis!
BITSTAMP:BTCUSDShort
by AlgoSurfer
4
Retest down to the pink trendline before climbing again Btc is looking to retest the 8.5k Area I really have alot of confidence in this, there is alotof confluence around this area and different indications pointing towards this area as a short/mid term target region!  So do you want to learn to trade like me and making consistent profits?  So who am I?  My name is Ryan Millard, I am a full time trader/crypto expert, I have decided to start my own crypto group where I will teach others how to trade profitably and efficiently, this will teach you all of my techniques aswell as show you all the trades in which I will be taking!  This month alone I have over 60% in gains using only small leverage  Last month I had over 150% in gains  Feel free to message me on discord if you are interested and we can talk and get you started: Craze#7396  If you are interested in joining the premium service where you will learn near enough everything you need to know to trade fulltime then please do message me and we can get you started with the serviceASAP  I have so much freetime to teach people at the moment due to circumstances in the world  THE NEXT 5 PEOPLE TO JOIN THE SERVICE WILL BE GIVEN 25% OFF  4 SPACES REMAINING  PM me about💰 VIP signals, 💼 ACCManagement 👨‍🎓Mentoring.  Telegram/WA👇  h
BITSTAMP:BTCUSD
by RyanMillard
ETHUSD Topping out? Time to Dive? BTC price dependent?ETHUSD price has rejected off the supply zone giving the first indication a correction could be upon us. I'm waiting for the break of the raising wedge before entering a short position. The conservative option would be to wait for price to break down and create a lower low before contemplating a short position. Thanks for a having a look at my analysis, all feedback is welcome. Would love to hear from you and your ideas particularly if you are seeing a long opportunity. Give me a follow and a like, to keep seeing similar charts. Thanks again
BITMEX:ETHUSD.PShort
by CoinProfiteer
13
The Beauty of patience in Forex trading!The Beauty of patience in forex trading! Price Went back to restest the 1H Range, I was looking to buy around restest, But no Always patience. Even at Retests, Look for confluences to enter long or short. - THINK TWICE BEFORE PULLING THE TRIGGER! What price Did eventually went down to the bottom of the range and broke it towards downside. Why it went downside? -Because EURNZD was overall bias bearish on higher timeframes BREAK OF RANGE was a new LOWER HIGH POINT ;) not a conformation to buy Charts show you logics, Only trade them.
Education
by Keashif
IF ONLY I Checked the Pre-Market... Daytrading RECAP 04/13/20Hi traders, Hope you enjoyed the holidays as much as the lockdown allowed you to! Let's take a closer look at one of my Monday trades. *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the description.* SPY was down for the first 1.5 hours and then retraced, spending the better part of the day in a range. Four trades today: 1) RCL - SHORT @34.83, closed just before the close after it ranged all day together with the SPY for +1.43% 2) SABR - SHORT @5.59, did a couple of mistakes I discuss in-depth in the video. -1% 3) PAA - LONG @6.31, a nice cup and a handle formation, albeit a little extended. It pulled down with the SPY before finally taking off without me. -1% 4) MU - LONG @45.49, initially a short idea, MU turned quite strong later in the day. Similarly to PAA it shook me out before making the anticipated move. -1% Total PnL for the day: -1.57% Total PnL for the week: -1.57% Good trades, Tom | FINEIGHT
NASDAQ:SABR
by Fineight
Bears vs. Bulls - ConsolidatingSimple Triple 70 MA with Momentum and ADX Bears and Bulls are struggling for the lead as we're seeing consolidation in EUR/USD. Be sure to check your work on this one as we could see a possible reversal in the near future. However, for now, make sure if you've taken a Long position earlier today to stay in and don't fall for consolidation until you have confirmation from multiple sources. We could see a reversal and go down OR we could see another upward impulse move giving you more profit. Be sure tho, to mark your Stop Losses to maximize your profits. Want to know more about the strategy? See the Linked Post
Education
by RagingSniper
USDJPY STOP LOSS MANAGINGHi Traders, I'm here to help improving your trading skills with my ideas to see the market from sombody else's mind. So as I promised, I'm here again with this pair because of SL managing. I opened my position at 108,149, and now I moved my stop loss to this price. ---> Means I can't loose money in this position. This pair is interesting now, because it seems loosing momentum. Now I'm monitoring the chart to see what's going to happen. Stay with me, I will be back again with this pair. Let's be successful together. Follow me for new ideas, I'll appreciate your follows. Have a great day ahead, Benjamin
by Sparksoffly
8
How to invest your money(CORONA VIRUS) Current Situation MY VIEWHello Traders ! SPX500 Good price to buy? : TVC:SPX The question is yes on both sides. Whether you are trading or you would like to invest your money. The price is so low right now and thinking long term the price will go up the next years. SPX500 represents the 500 biggest US Companies. The chance that these companies will lose their value over the next few years is not really possible. If this will happen then our world will have a big problem and you loosing your investment will be the smallest problem. Investing: Always a got way right now because of the Corona Virus. But think longterm. Of course we could see SPX500 dropping more. Therefore I would split my investment and purchase at different prices. For example now. If we will see the price dropping more than buy again and so on. On the long rung(5-10years) you will make nice profits. #thinklongterm Trading: If you consider only scalping it a little bit I would wait for price to go down retesting the Demand Zone before entering the trade. Make sure to keep an eye on Price Action in order to know where to close your trade. Stocks are very violent some time and they react pretty well on Price Action Candle Sticks. So keep that in mind. Corona Virus: What impact will have the Corona Virus on the long run for us? Actually Corona Virus is not that dangerous like we all "think". Of course it is a serious problem but we do not need to make the problem bigger than it is. You as a person need to decide if you can do something against it. For example doctor, researcher, ... But you as a normal person can do 1 important thing. To not spread panic! The crash on SPX, Dow, ... is the sum of the panic reaction of all people. Simply. Our luck is that the Corona Virus based of facts will not affect our world much. Therefore the whole economy will recover. This is why I recommend investing your money. That was my View of the current situation of Corona Virus and the impact on our economy and I hope you did like it. Please leave a LIKE if you like my Content that I share with you. In the comment section you can tell my your view and ask questions. Thank you and we will see next time - Darius.
OANDA:SPX500USDEducation
by DariusFxTrading