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UBER 21 EMA Break | Bearish Divergence| Corona Virus Hello Traders! Today’s update will be on UBER, confirming a bearish divergence as the whole stock market tanks in response to recent developments on the corona virus. Points to consider, - Failure of higher high - Critical 21 EMA broken - Structural support in confluence with .50 Fibonacci - RSI confirming bearish divergence - Stochastics projected downwards - Volume trading at average UBER has put in consecutive higher lows with a recent failure of a higher high signalling weakness in the bulls. An important EMA (21), broke, a daily close below this level will increase the bearish projection. Structural support is critical as this area is in confluence with the .50 Fibonacci, buyers are likely to step in if UBER retraces thus far. The RSI confirmed the bearish divergence by putting in lower highs whilst the price put in higher lows. Stochastics on the other hand is projected downwards with lots of stored momentum. Volume is trading at average, signalling that pressure from both buyers and seller is evident. Overall, in my opinion, a confirmed close on the daily will increase bearish projection as the corona virus uncertainty takes its toll on the markets. A retracement to structural support will be likely if the outbreak worsens What are your thoughts? Please leave a like and comment, And remember, “In order to succeed, you first have to be willing to experience failure.” ― Yvan Byeajee
NYSE:UBER
by AzizKhanZamani
5
LINK Symmetrical Triangle|Hidden Bullish Divergence|Low VolumeHello Traders! Exciting update today on LINKBTC which is looking quite bullish forming a symmetrical triangle in a blue sky breakout Points to consider, - Trend putting in consecutive higher lows - .236 Fibonacci – Local Resistance - 50 Moving Average, holding support - RSI travelling into wedge - Stochastics in lower regions - Volume declining LINKBTC broke structural resistance confirming the blue sky breakout with consecutive higher lows. It is now trading in a symmetrical triangle with a high probability of breaking bullish. Local resistance is from the .236 Fibonacci, looks quite weak compared to patterns support. The 50 Moving Average on the other hand is holding true after the first retest of the initial break. The RSI is travelling in a wedge and also diverging from price, confirming a valid hidden bullish divergence. Volume is clearly declining, signalling a break is imminent most likely to occur near the apex. Overall in my opinion, a break in either direction is probable due to clear support and resistance. There is however a higher probability of breaking bullish due to the nature of the uptrend. Volume will coincide with a breakout, confirming the pattern being true. What are your thoughts? Please leave a like and comment, And remember, “Focus, patience, wise discernment, non-attachment —the skills you acquire in meditation and the skills you need to thrive in trading are one and the same.” ― Yvan Byeajee
Long
by AzizKhanZamani
BTC Cup and Handle|Hidden Bullish Divergence|$12,780 TargetHello Traders! Today’s update will be on BTC, forming a bullish Cup and handle pattern that will only be confirmed upon a break of structural resistance. Points to consider, - Probable bullish pattern - Clear structural resistance - EMA’s barely holding BTC - RSI putting in lower lows - Stochastics in lower regions - Average volume BTC is currently trading in the handle of the probable bullish pattern yet to be confirmed. Structural resistance needs to break for confirmation with a technical target at around $12,780. The EMA’s are currently upon the cusp of crossing bearish, still trading in the handle where a break from this range will dictate the validity of the formation. The RSI is putting in lower lows, diverging from price, putting more emphasis on the hidden bullish divergence. Stochastics is currently trading in the lower regions, can stay trading here for an extended period of time, however lots of stored momentum to the upside. Volume is average, signalling no heavy sell off, a good indication for a true handle in this formation. The typical criteria that needs to be met in a cup and handle formation is the following 1) At least a 30% Run up from local lows (BTC over 50%) 2) A sell off from high 15-30% (BTC considered early in the handle ) 3) Bottom or floor of support (BTC Local Support) Overall, in my opinion, BTC has a high degree of confirming this probable cup and handle formation after breaking structural resistance. It is a strong contender for the criteria’s that need to be met, putting a technical target at around $12,780. What are your thoughts? Please leave a like and comment, And remember . If winning trades give you a buzz, you’re conditioning your mind to drool in anticipation of its next fix. And when it doesn’t happen, it’ll upset your expectations. If thrill naturally arises (which it will), feel it as it is, but then don’t cling to it.
Long
by AzizKhanZamani
2
Silver Lower Highs| Key Support| Apex| Break imminent!Evening Traders! Today’s update will be on the traditional store of value instrument – SILVER – which has been putting in consecutive lower highs, a well-defined resistance line. Points to consider, - Bear trend with consecutive lower highs - Key support held - Resistance line break imminent - EMA’s holding support - Stochastics in upper regions - RSI currently neutral - Volume below average Consecutive lower highs are imminent as bears are in current control, trend will be negated if key trade locations are broken. Structural support held, which is in confluence with the .618 Fibonacci level, signalling that buy pressure is strong. Staunched resistance has been established, a break attempt will be imminent when Silver travels closer into its apex. The EMA’s are currently holding Silver as support, does looks weak at current given time. The stochastics is in the upper regions, can stay trading here for an extended period of time, however lots of stored momentum to the downside. The RSI, on the other hand is quite neutral with no clear direction. Volume is currently below average, an increase is likely upon a break of key trade locations, either the support and or current trend line resistance. Overall, in my opinion, Silver is closing in on its apex; a move will be imminent, structural support is a strong area from a historic point of view. The staunched resistance trend line has been tested multiple times, the more times a resistance/support is tested, the more it’s likely to break. What are your thoughts? Please leave a like and comment, And remember, “All statistics have outliers. Money management, therefore, is key to the process of good trading.” ― Yvan Byeajee
TVC:SILVER
by AzizKhanZamani
BTCUSD High Time Frame Breakout Imminent - IMPORTANT UPDATE Hello My Followers! Today’s update will focus on BTC’s higher timeframe, trading very close to its apex where key levels diverge - a trade opportunity is coming to fruition! Points to consider, - Strong bull trend on weekly - Key support/ Resistance converging - 21 week MA as key support - Volume currently below average - RSI broke key resistance - Stochastics in upper region Bitcoins weekly projection looks very bullish with another potential higher low established as price travels towards the down sloping resistance. Key support and resistance levels are converging, signalling a true apex in the chart leading to an imminent break. The 21 weekly moving average as of historic significance is very valid in determining whether we are in bull or bear market, right now is supporting price. The RSI has broken key resistance, a retest for confirmation is likely, and this is the first time since April that the RSI has breached it. The stochastics is trading in the upper regions, can stay trading here for an extended period of time, however lots of stored momentum to the downside. Volume is currently below average, an increase will confirm a true breakout from BTC’s apex, this will overall confirm the trend of BTC. What are your thoughts? Please leave a like and comment, And remember, “Those traders who have confidence in their own trades, who trust themselves to do what needs to be done without hesitation, are the ones who become successful. They no longer fear the erratic behavior of the market. They learn to focus on the information that helps them spot opportunities to make a profit, rather than focusing on the information that reinforces their fears.” Mark Douglas
BITFINEX:BTCUSD
by AzizKhanZamani
21
Bearish Divergence| Rising Wedge| Volume Climax| .382 Fibonacci Hello Traders, Today’s chart update will be on the immediate trend of BTC where we have bearish divergences forming at key structural resistance in a rising wedge formation, which serves as a bearish pattern. Points to consider, - Immediate trend bullish - Local support at $9470.00 - Structural resistance being tested - Stochastics in upper regions - RSI putting in higher lows - Volume climax evident BTC has been putting in clear higher lows with evident S/R flips, if current local support holds; this will be another S/R flip confirmation. Structural resistance is a key level, a break will increase the trends parabola as this will put in a macro higher high. The stochastics is currently in the upper regions, can stay trading here for an extended period of time, however lots of stored momentum to the downside. RSI is clearly diverging from price by putting in lower highs, putting more emphasis on the bearish divergence. BTC has a clear volume climax bar, signalling a local top may just be in as buyers become exhausted. If volume however continues to creep up, this will increase BTC’s probability of continuing this current bullish immediate trend. Overall, in my opinion, BTC needs to remain above local support in this formation for a bullish bias. A break of local support will mean breaking outs of the rising wedge which serves as a bearish pattern. The .382 Fibonacci will then be the likely target as this area currently has an open GAP on the futures chart. What are your thoughts? Please leave a like and comment, And remember, “The expectation that you bring with you in trading is often the greatest obstacle you will encounter.” ― Yvan Byeajee
BITFINEX:BTCUSDShort
by AzizKhanZamani
7
L/S Swedish Equities Pairs TradeConsumer Defensive / Consumer Cyclical 30/12/2019 Close Long: ESSITY_B Current Price SEK: 301.80 Short: WESC_AB Current Price SEK: 0.0046 ESSITY / WESC spread Entry Range: 65608.70 ESSITY / WESC spread Hard Stop: 59076.70 (10%) ESSITY / WESC spread Soft Target: 85374.00 (30%) BETA hedge For every SEK 1.00 Long of ESSITY_B SEK 9.00 Short of WESC_AB *Build you position in two stages enter with 50% of desired exposure. *+add too the position on a breakout or at the soft target. *Hedge your currency exposure, unless you have a view on SEK. *HIGH RISK trade. Essity: Consumer Defensive (Manufacture Tissues, Toilet paper & other hygiene products) Strong fundamentals, very defensive and predictable earnings with consistent global demand, outperformed all of its competitors in 2019. *Market Cap = 212B *EPS = 14.10 ESSITY_B Consensus Jan 2020 =F1 Jan 2021 =F2 F1 P/E: 20.10x F2 P/E: 17.60x F1 Earnings Growth: 22.38% F2 Earnings Growth: 6.70% F1 Sales Growth: 2.70% F2 Sales Growth: 3.00% F1 PEG: 0.89 F2 PEG: 2.62 Risk: Reflation of the global economy, and solid resolution of political tensions. And therefore a full risk on scenario and defensive stock underperformance. Wesc: Consumer Cyclical (Trades Apparel & related products, under it brand name WESC) Weak fundamentals, very cyclical and “polluting” as it’s fast low quality fashion. Loss making. In desperate need of a turn around, I feel the business will not attract new talent (As the brand is notoriously NOT cool for millennials and gen z) and isn’t worth turning around as a brand, also no analyst and very hard to find relevant financial information in for the company. *Market cap = 22M *EPS = -0.0150 Risk: Merger, acquisition or turnaround. Otherwis I’d be happy to keep this position on for the foreseeable future. *KEEP YOUR POSITION SIZE SMALL* This is a risky pairs trade as WESC could get bought out, or turned around and go to infinity, but I’m betting against that. LONG High quality Swedish Consumer Staple. SHORT Low quality Swedish Consumer Cyclical.
OMXSTO:ESSITY_B
by Impreza
UK Market - Impulse move in the making.Two points of view are provided in the chart as two scenarios are both likely. Upside has a target of £10,000, Pivot level at £6,000 and downside target of £4,500. The wedge, price stalling and curvature of the price action up to the wedge, tells that there is a possibility for a rejection from a recovering bull market and into a financial recession. Fundamental data will appropriately explain and show which direction the FTSE takes. Personally neutral on this, both are likely in my playbook - however I think there's more reason for recovery and continuation upwards because of geopolitics more than technical analysis.
TVC:UKX
by LongForever
BTCUSD Weekly Candle Close| EMA's Crossing | Weekly Higher Low?Hello Traders! Welcome back to today’s chart update, which will be on Bitcoins weekly chart, where we have a potential indecision candle close? The weekly trend maybe putting in its local higher low however the EMA’s are showing bearish signs near the psychological $8000 level… Points to consider - Trend still bullish on weekly (Testing trend line) - Major structural support at $6000 level - Local resistance at .236 Fibonacci - Stochastics projected downwards - RSI testing support - Volume declining - EMA’s crossing Trend is still bullish on weekly until trend line is broken, price did fail to make a higher high on first attempt due to local resistance at the .236 Fibonacci level. Bitcoin needs to break this level to put in a higher high to continue this trend. However, there are a few bearish signs that need to be considered, Bitcoin is currently forming an indecision candle at a very critical point, and it is below the EMA’s and at the psychological level of $8000. Major structural support will be tested if the .618 Fibonacci level does not hold, it is probable for a bounce to come to fruition here due to its historical significance. The stochastics is projecting downwards momentum, it can stay here for an extended period of time if this bearish scenario was to play out. The RSI is testing a key support area, where a bounce will dictate a bullish scenario playing out and vice versa for the bearish scenario. Volume is well below average, this usually means that a volatile move in any direction is highly probable. The EMA’s are crossing bearish, this is a very bad sign for the bulls as the EMA’s has held BTC support throughout the whole bull market. A cross will be very bearish and will most likely push Bitcoin to lower levels… What are your thoughts on Bitcoin’s current price action? Will we break bearish or bullish from this psychological level of $8000? Please leave a like and comment And remember, “It’s OK to be wrong; it’s unforgivable to stay wrong.” -Martin Zweig
BITFINEX:BTCUSDShort
by AzizKhanZamani
hollow diamond to hit 1.2395 when price will break 1.2677the currency drew a first hollow diamonds the week on past and concretized its break up to 1.2508 last week before picking up again with the news on Fed rates. this week she drew the same hollow diamonds. So if you know this figure described in the encyclopedia of graphical configurations by Thomas Bullkowski. When I calculate the price target just at break below 1.2677I just that see the price going to [ b]1.2395 levelaccording to my experience
Short
by SterlingAir
Example signals from Crypto-Sticks MomentumOur last update for today, in the Crypto-Sticks series. More to come soon! Here's an example of how to use the Crypto-Sticks Momentum for trading signals. I also plotted this range's signals the indicator would've generated. Momentum can be a tricky indicator sometimes. Since it doesnt go into predictable overbought or oversold zones, it rather just oscillates around zero - making it harder to create a signals strategy. On the default view I tend to look for 2 candle "flat tops" and "flat bottoms" with one or both containing a decent wick. Heiken Ashi candles adds some more clear entry exit points which can be executed at the second candle going in either direction (applicable only to this chart on 4H - other coins/charts will require their own strategy). For instance, enter on 2nd green, exit on 2nd red. The heiken candles seem to give longer term trades which I like... hate overtrading! Volume weighting the HA candles adds a different dimension to the indicator which I have to explore more fully. If using either HA or VW+HA, the strategy about "flat candles" doesnt apply anymore. Please leave me any ideas or feedback you have! The signal was to go long at 1130 with a target of 1250 on the upside at the first resistance area. Stoploss at 1075. Here's how it looks as Heiken Ashi: And Volume Weighted Heiken Ashi: Enjoying this indicator or find it useful? Please give me a like and follow! There are many more indicators to be released in this series, not to mention I post crypto analysis and other free indicators regularly. Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isnt open only to subscribers - everyone is welcome to join.
ALong
by theheirophant
Bitcoin Daily Update (day 175)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to get my complete trading strategy and click here to learn more about how I use the indicators below! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. 1 day: $6,000 retest (any day now) | 1 week: break down $5,750 | 1 month predictions: < $5,000 by 9/5 (may need to adjust) | bottom prediction: $3,000 by 10/30 Previous analysis /position: Alarmed by divergence in weekly CMF’ and the buy signal on the 3d stoch. Still felt confident in the mounting resistance and felt that a good risk:reward short sale was on the table (specifically once bear flag breaks down) / Short ADA:BTC | ETH:USD | ETH:BTC Patterns: Bear flag forming after triangle breakdown Horizontal support and resistance: S: $6,350 | R: $6,436 - $6,480 BTCUSDSHORTS: Going for a retest of the all time high. Something to keep a very close eye on. Funding Rates: shorts pay longs 0.0561% 12 & 26 EMA’s (calculate % difference): 12 = currently being tested for resistance | 26 = -3.41% 50 & 128 MA’s: 50 = -6.85% | 128 = -13.69% and starting to angle downward Volume: Daily still well below MA. 4 hour had 2X average volume on recent sell off, and is declining on bounce. Hourly had roughly 4X volume on sell off. FIB’s: 0.618 = $6,500 | 1 = $5,966 | 1.618 = $4,422 Candlestick analysis: Weekly hammer. Daily candles are showing a lot of indecision. Reversal candles provided a bounce on August 17th but it immediately retraced. Ichimoku Cloud: Fully bearish. Watch closely for price to breakthrough Tenkan-sen as a sign for a reversal. TD’ Sequential: R3 = R2 on weekly | 3d just made bullish price flip | R2 = R1 on daily | 12h just had bearish price flip | G2 briefly > G2 on 4h Visible Range: Point of control over last 6 months is $6,377 and that is a crucial area of support or resistance (depending what happens in the next couple days/hours). Gap at $5,000 is begging to get filled before this bear market ends. BTC’ Price Spreadsheet: 12h = +2.01% | 24h = +/- 0 | 1w = +3.9% | 2w = +2.53% | 1m = -12.04% Bollinger Bands: Daily MA at $6,500 should be strong resistance Trendline: Bear flag Daily Trend: Chop Fractals: Two up fractals at $6,593 indicates strong resistance. Two down fractals at $5,952 indicates strong support. On Balance Volume: Weekly bull div’ + double bottom. No div’ on daily. ADX: Weekly ADX is creeping upward while +DI is starting to angle downward. Daily ADX is flattening out after forming lower highs and lower lows. Chaikin Money Flow: Weekly CMF’ has a very significant bull div. Could also indicate overbought conditions. RSI (30 setting): Weekly = 48.84 | Daily = 45.21 Stoch: %K crossing below %D on daily was only a fakeout. %K starting to diverge after making bullish cross on 3d. Still pulling back on weekly after making lower high. BTCUSDSHORTS Summary: The short sellers approaching an all time high and the current rates they are paying is making me feel uncomfortable with the leverage shorts that I am holding. Not to mention the beautiful weekly hammer candle that recently close.That has made me seriously consider closing my positions for the since time since they were opened. However, it still feels premature. Last time the short sellers made an ath’ they continued to rally for 4-5 days. There is a serious cluster of resistance on top of us and instead of closing out I am going to be adjusting my stops. For BTC I am looking at $6,650 - $6,850. For ETH $326 makes a lot of sense and 0.051. If you are not in a position then I would wait to sell pump if/when we get short squeeze.
BITFINEX:BTCUSD
by Sawcruhteez
1
Bitcoin Daily Update (day 171)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to get my complete trading strategy and click here to learn more about how I use the indicators below! 1 day:Resist below $6,567 | 1 week: break down $5,750 support | 1 month predictions: <$5,000 by 9/5 | bottom prediction: $3,000 by 10/30 Previous analysis/position: / Short ADA:BTC | BCH:BTC | ETH:USD | ETH:BTC Patterns: Bear flag / descending triangle Horizontal support and resistance: R: $6,567 | S: $6,100 - $6,250 BTCUSDSHORTS:Testing 30,750 for support. If it can create higher low then watch for ath’ retest. 46% long and 54% short.. Funding Rates: Shorts pay longs 0.0258 12 & 26 EMA’s (calculate % difference): 50 & 128 MA’s: 50 = -7.18% | 128 = -14.45% Volume: Has been declining over last couple days while price rises. FIB’s: 0.618 = $6,554 | 0.382 = $5,316 Candlestick analysis: Wicks from last two days being re explored today. Could provide a favorable r:r entry. Ichimoku Cloud: fully bearish TD’ Sequential: Daily G4 Visible Range: Point of control over last 24h = $6,400 | POC over last 5 days = $6,300 | Low volume node > $6,600 with1 month look back. BTC’ Price Spreadsheet: 12h = +0.77% | 24h =+0.87% | 1w = +3.68% | 2w = -7.43% |1m =-11.81% Bollinger Bands: Daily MA is at $6,888 provides great confirmation that we will not break that level of resistance Trendline: Connects bottom of 7/23 to 8/10 Daily Trend: Choppy Fractals: Down = $5,870 | Up = $8,300 On Balance Volume: Broke through resistance while price remains in flag ADX: -DI & +DI are converging while ADX bounces off 25 Chaikin Money Flow: Broke down major support and now looks like it is trying to turn it into resistance. RSI (30 setting): Supported 40, will it be able to retest 50? Stoch: %K and %D > 20 | How far will they make it? Summary: My major concern over the last couple days has been the imbalance between the shorts and longs. Not everyone can make money at once and if everyone is short then… Over the past week we have been approaching levels that are similar to April 12th when we got a massive short squeeze. Now it looks like the bears and bulls are finding an equilibrium and that should allow the prevailing wind to break down $6,000 support. If not in a position then wait for the bear flag to confirm with a breakdown of ~$6,150
BITFINEX:BTCUSDShort
by Sawcruhteez
All these longs will have to close at some pointBitcoin's surge seems impulsive for the moment. Don't get too confident (for bulls) or scared (for bears). This is a normal bounce since we bleeded from 12k to 7.2k without retracement. We have many resistances to break before being bullish again. Remember as well (see chart) that these longs will have to close (and thus sell). If BTC 4.30% 4.33% lacks of new buyers, then price will stop rising and will eventually go back down
BITFINEX:BTCUSDShort
by CryptoTrendy
2