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Lowerlow

BTC Update! Bulls make a weak effort before Bears pile in!Well the bears took BTC down and took price down fairly quickly. This morning I had outlined the box I was watching and wanted to see a break out above those $10,200's up towards $10,500 or a break down would occur if bears dropped us below $10k. Overall a very tight range and bulls looked like they were interested as they began poking above our 4 hour 12 and 26 EMAs today but daily chart it was just a rejection right off the 12 EMA. Unfortunately that was all the bulls had in them and could not break out and a few hours later the bears stepped in and dumped price 7% within 30 minutes. We now have our low of $9522 today and bulls giving a fairly weak bounce attempt here which usually just means cooling off RSI's and bears will reload for another leg down. We do have a couple of supports to be watching including $9470, $9110, and $9071. So really $9k-9.5k will be pretty crucial for the bulls to try and keep price from slipping below. I am personally just waiting for a better trade setup as bears are currently in control and very difficult to try and catch a bottom. Will be watching hourly chart for price action to ideally catch up to EMAs and see if rejections occur there. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
2
BTC Update! Bulls tire out. Higher lows fail and down comes BTC! We saw a near perfect example of traders rushing to the exits on a loss of our higher lows. Following the same stair stepping up with new higher lows each day BTC was forming. We did have a bit of a sideways action and some may have decided $10,630 was a higher low and lost yesterday with a break down to $10,555. I personally did not have $10,630 as the higher low due to price action being more sideways and not giving the typical lower high and lower low pattern on smaller time frames to confirm anything for me. $10,555 became the higher low I watch. I then set my stop loss before bed a few dollars under this level and slept comfortably knowing it was a profitable trade even if I got stopped out. I zoomed in here on 15 min chart and the yellow line indicates the higher low level traders were watching. Once we finally broke it early this morning, we saw an immediate flush down and find ourselves testing $10k. So I am safely back to cash, profits locked up rather than holding through that drop. They don't always play out perfectly as trading does not guarantee anything. Trading is a probabilities game. And the probability of price dropping on the loss of higher lows is significant. So now we zoom out to daily chart. $10,953 is our lower high on daily. $9,470 is our must hold on daily. Anything above $9,470 will put us in an equilibrium so potential for scaling back into positions here soon for me and utilizing $9,470 as a stop loss. I'd like to see bears get one more leg down just to decrease my risk but price did bounce right off a Fibonacci line so now bulls need to prove themselves and start with some higher highs and higher lows on smaller time frames (think 15 minutes). Otherwise I'll sit patiently in cash and just wait. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
2
BTC/USDT moving down targeting $8500 as a new lower low? looking at the 1 hr chart and trying to figure what has happened so far from a Fib perspective.. Summary : i think it looks like an impulse down that is about to finish with a 5 wave going to the down side. yet the bullish potential of having a deep retrace for a bounce attempt is still not invalidated as we bounced off the 0.786 so far. my fib analysis for what happened so far in my opinion: 0. after we failed to achieve a higher high we rejected to the downside with what looks like an impulse wave down. 1. we impulse down as wave 1, bouncing back to to a fib of 0.5 ( a common retrace for wave 1. 2. wave 3 is the longest so far with a clear count of 5 sub waves going down. with a fib attention of 2.0 from wave 1. then it retrace to the common wave 4 retrace of fib 0.382. which looks like a 3 wave going up more than an impulse wave going up from the 0.786 from the bigger correction of the impulse wave before. if this is a correct count then we are looking for a wave 5 going down, to retest or break previous low of $9060. the break of $9060 will invalidate the bullish scenario on this time frame as a failed wave up. on a weekly chart it shows we r looking for a test of the 0.382 and confirming we can stay above that level, or we r going to test lower fib retracments as the 0.5 and the 0.618. time will show. this is my opinion, do u have another way of looking at this on this time frame?
Short
by fadi_taqieddin
1
BTC Update! Another lower low! Another bad day for BTC and crypto in general. I personally got stopped out after refilling this most recent position. Minimal damage done since I was able to flip the trade yesterday I outlined in last post but I am now back to cash and more or less just playing a game of patience here. Bulls need to establish some form of support as there's not much support nearby. 4 hour chart is oversold but daily still has a ways to go. Our strongest support remains down at 7400-7700 range but continue to prefer we not revisit that area. We have had a lot of politicians involved in crypto talk the past few days revolving mostly around BTC and Libra coin from facebook. Crypto has been very shaky and seeing a lot of bearish posts lately so definitely keeping my eyes on new entries. Will clean up this chart today now that our last trade setup has failed as bulls were unable to reverse the trend by forming a higher low and instead sank to lower lows. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
EUR/USD Technical analysisThe US President has managed to bring the Chinese deal makers once again to the table and it is set to make a positive impact on the dollar. Further, the pair is in an ascending channel formation and it hit its resistance mark at the resistive trendline. Now, the pair broke the critical support of 1.13487 and made lower low formation, which could make the bulls to take the foot of the gas. Hence, we expect the pair to move to the supportive trendline for now, where the buying activity might resume again.
Short
by traderpulse
5
TSLA - The bubble already poppedTESLA lower lows and lower highs. Those still in this tech bubble will be soon complaining the market is rigged..... The company doesn't make a profit, heck it barely even makes cars..... at least numbers wise. Macro says momentum is over. When this company comes down to the automotive P/E multiple of low teens / high singles. This company is a 10-20$ stock. Don't let this be your blackberry. GET OUT NOW! If you have to be part of the company for ideologue reasons. Then buy its junk bonds for penny's on the dollar. Chart makes a better water slide than anything
NASDAQ:TSLAShort
by rwoods187
1