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BTC Update! Continues to fallQuick update. We broke all support levels discussed in earlier post and I will continue to remain patient but must admit, I am feeling at least a temporary bottom is approaching here. I'm looking for any signs of bull life and they almost showed it earlier with the initial low of $3650 and a bounce to $4000 but failed to follow through from there and now we are testing $3600 as I type this. Looking for a large volume push down and quick recovery personally to give at least a temporary bottom and solid trade for bulls to follow. I'm a long ways off from feeling bullish even if we do bottom as bulls have a ton of work to do for that but this sell off has been pretty strong so would love at least a temporary bottom and a nice several days if not weeks of bulls showing up. Time will tell, be patient. Have yourself a plan and always protect any entries to preserve that precious capital from taking any large hits. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
Oh How History Rhymes... But So Quickly?I use historical analysis, not to base my decisions, but to see the options laid out on the table. The market is the magician; if you watch the trick unfold before your eyes - before you know it - you missed the slight of hand. FYI, I believe crypto will play a huge roll in our daily lives and I am long term bullish. I make calls with big play(er)s. There is no shortcut. Trade the chart and do not try to outsmart the market. I'm posting, simply to see if there is value to gain a following or not. We'll see... but might be my one and only post. Those who have eyes should open them. 1. Fundamental Analysis: Crypto is pathetically hanging on with a prayer, in hopes of EFT or SEC approvals, flood of bullish news, and institutional money… literally the exact opposite of why crypto should grow. Most retail traders are bullish “HODL till I die”… Huge red flags. 2. Technical Analysis: The trend is your friend and the stock market is in full bull mode with no sign of reversal. Yet Crypto is in full bear mode with no sign of reversal. Crypto is not the exception to the rule and needs a correction before it can head back up to breaking "All Time High". What Do I See? Two large bear flags in a row (orange rectangles) Low volume, and lower volatility Bollinger is making a final squeeze at the end of each triangle with the basis (median) pointing up shorts vs longs repeating Bart formations = squeezing w/o volume Overall sideways for 1.5 months (green box) We have broken down on the (bearish pink) triangle Purple grind line at the end of each triangle (currently forming) Bulls have much resistance to break through. Bears can just wait it out... I suspect we will make a wick to $6025 within a few days, then watch for the drop to ~$5900 = bubble has blown = lower lows/lower highs for a bit till we find a NEW bottom. COINBASE:BTCUSD Alan Greenspan - You can spot a bubble. They're obvious in every respect. But it is impossible for the majority of participants in the market to call the date when it blows. Every bubble by definition deflates. But when that deflation occurs, it requires a point at which the vast majority of market participants do not expect it to happen. Almost everybody is bullish, expects the market to go up, and is fully committed. At that point if you took a survey of what the outlook was, you'd get an overwhelming positive response the day before it falls on its face. -racethehair
COINBASE:BTCUSDShort
by racethehare
XAUUSD Bears Stronger Than The BullsGold was stuck in a range between $1365 and $1307 for much of 2018. It recently broke out to the downside, retested that area and then sold off. It is worth noting that although the daily is in a downtrend (which I give more weight too), price is finding support at a key weekly level. As I rarely take positions against the daily trend, we will want to wait for price to bounce to an area of supply. Either $1272 or $1307 are good areas to look for a sell signal. The RSI and Full STC are all trending down, but signaling a little bounce, and all my moving averages (11, 28, 50, 200 ema's) are bearish on the daily. For me, Gold looks very weak heading into the last couple months of summer. Though it is much more advised to wait for price action to give you a signal to sell short, I will most likely be doing a blind entry around $1272. When I say blind entry I mean on a retrace without waiting for a sell signal. This is a much riskier approach, but as Gold can be a quick mover and can be influenced by things in the news quite easily, I feel the R/R on a blind entry will be much better than waiting for a signal. Target would be most recent lows around $1242, but if that level gets broken I will be looking for something closer to the weekly low around $1204. RIsk will be about 1.5% on this trade, and stop placed at the previous structure high. I'll keep the order open unless the chart develops in a way that will make me close it.
FX:XAUUSDShort
by bondkii
Deutsche_Bank_(NYSE:DB)_May_29_2018Deutsche Bank is one of the largest banks in the world by assets. Along with DB’s home market of Germany, it has a presence in more than 50 countries around the world stretching from the Americas (North and South), Asia-Pacific, Central /Eastern Europe, Middle East and Africa. The bank has three primary business segments: 1) Private & Commercial Banking 2) Asset Management 3) Corporate and Investment Banking Since 2014, the stock has been in a downtrend due to a variety of issues (As per Wikipedia, since 2016 the bank has been involved in some 7800 legal disputes). These controversies range from tax evasion, market rigging, money laundering and sanctions violations. However, I believe the price has dropped to levels that make it extremely attractive for long term value investors. Yes, there are certainly concerns of declining revenue, flight of key human resources and more potential fines; however if there is one lesson from history that stock investors should take note off is “Buy Low and Sell High”. The price has dropped below key support levels and reached all time lows. The 20 day and 50 day moving averages indicate a downtrend while the AD indicator indicates an uptrend which usually occurs when the trend is poised for a reversal. However, this should to be confirmed by price action. For contrarian investors, I believe this is an excellent price to buy into the stock. For more risk averse investors, you want to wait till there is a confirmation from the price action such as the price crosses the Moving Average and the slope of the average is positive.
NYSE:DB
by advisacorp
Dow Jones Sell IdeaD1 - Price has reached the top of the triangle pattern. We may look for short term sells towards the bottom of this triangle pattern. H1 - Scenario 1: If we see one more push higher with the price creating false break at the top of the D1 triangle pattern with bearish divergence. We may expect the bearish momentum to continue and follow this plan Scenario 2 - Alternatively if the price breaks below the most recent low at 24200 creating lower lows to gain bearish momentum. We may look for sells.
DJ:DJIShort
by VladimirRibakov
1
BEST MOMENTUM TRADING STRATEGYBCHUSD 15M WILLIAMS %R INDICATOR STRATEGY My 15m scalping technique - 14 length Our team at Trading Strategy Guides believes that a momentum indicator strategy can reduce risk and enhance your overall returns. One of the core market principles is that momentum precedes price so in this sense a momentum indicator strategy is more like a trend following strategy. Essentially trends tend to continue and we can use momentum to determine when to buy and when to sell. There are various explanations for why momentum occurs. The simplest explanation would be that rising prices attract buyers and falling prices attracts sellers. Using a momentum indicator strategy, it means we’re only going to hold the trade for a very short period of time, anywhere between a few minutes and up to a few days. Basically, the best momentum trading strategy runs until the momentum drys out. So, we only want to concentrate on the relative strength of any instrument. The best momentum indicator is by far the Williams %R indicator. This momentum indicator will help us identify profitable trading opportunities. Works with all market and time frames. The preferred settings for the best forex momentum indicator is 40 periods The Williams %R runs on a scale from -100 to zero. A reading in the vicinity of -100 is an indication that the instrument is oversold and it’s a potential buying opportunity and once it reaches zero, that’s an indication of overbought and maybe the time to sell. Step #1: Define the Trend. An Uptrend is defined by a Series of HH Followed by a Series of HL. The definition of an uptrend is pretty much standard. In an uptrend, we look for a series of higher highs followed by a series of higher lows. Two HH followed by at least another two HL is enough to define an uptrend. A higher high is simply a swing high point that is higher than the previous swing high. While a higher low is simply a swing low that is higher than the previous swing low. In order to gauge momentum besides reading the best momentum indicator we also look at the actual price action. Step #2: In an Uptrend Look for Bold Candlesticks that Close Near the Higher End of the Candlestick. A common concept in technical analysis is that you want to use multiple confirmation signs when buying and selling. This will increase the likelihood that’s a high probability trading setup. In this regard, the momentum trading strategy besides using the best momentum indicator also incorporates the price action. A practical way to read momentum from a price chart is to simply look at the candlestick length. What we want to see in an uptrend is big, bold bullish candlesticks that close near the higher end of the candlestick. Step #3: Wait for the best Forex Momentum Indicator to get oversold (below -80) and then rallies above the -50 level before Buying In an uptrend, we buy after the best momentum indicator has reached oversold conditions (below -80) and then rallied back above the -50 level. Now, we have confirmation from both the price and the best momentum indicator that real momentum is behind this trend and the probabilities are in favor of more upside prices from here on. Note* If the best momentum indicator continually stays in overbought territory (above -20 level) it signals a strong momentum and conversely a strong trend. Inversely the same is true in a downtrend. Step #4: Place Your Protective Stop Loss below the Recent Higher Low We want to hide our protective stop loss below the most recent higher low level that formed right before the best momentum trading strategy issue the buy signal. Alternatively, you can also trail your stop loss below each most recent higher low. This strategy will allow you to lock-in the potential profits in case of a sudden market reversal. Step #5: Take Profit once we break below the Previous Higher Low Alternatively, you can take profit once the best momentum indicator breaks below the -50 level.
B
by Tradingstrategyguides
1
[BTC-USD] DROPPING FAST! BEARS TAKING OVER ! BULLS WEAK !Like I said in this video, almost 3 days and the bulls cannot break and did not break the $11,747.39 heavy resistance! They tried, and tried and tried, the wales even potentially got involved trying to pump it but FAILED! My alert trigger went off on March 5th, 2018 at exactly 6 pm central time down to $11,440.59, than while I was making this video in 5 minutes it went down to $11,350 even more which you will clearly see on my video here. Refer to my last video, that is linked below.. Basically no matter how I look at these charts I seem to obersve and return to the same range of negative numbers.. Notice I say range! Bitcoin is FAILING! Going further down, now the question is how much farther down will it go and will it come down to my projected target prices and dates! Will it go all the way down is the millionaire dollar question ???? If you enjoyed this video , give me a like and subscribe! Thanks CrytpoBuzzAnalyst Disclosure: This is not financial advice, you must perform your own research and produce your own TA. This is only for educational purposes!
COINBASE:BTCUSD
by CryptoBuzzAnalyst
22
XRPUSD 2H Lower Highs Lower LowsPair has failed to make a new swing high Price is making lower highs lower lows Price can bounce bullish off 50 sma or break below it Price can consolidate between 50 and 100 sma As price falls from 50 to 100 sma it can go half way and return back to 50 sma If that happens price can move above 50 sma and rise to swing high target Or price can bounce short off 50 sma and fall to 100 sma If price breaks below 100 sma it may fall to swing low target Watch Macd in relation to Macd red line, 0 level line, Stoch blue dotted lines
BITFINEX:XRPUSD
by Tradingstrategyguides
Brace Thyself for the Bears | Bitcoin to go UNDER, then OVERFrom the dotted green channel, we can see that we might be headed to drop under $6500. If we touch but don't break the long-term red support line, a bullish reversal is all but guaranteed, else we must prepare to plunge to further lows. I'm long-term bullish on bitcoin for 2018, but before 30k, 50k, 100k, and 240k valuations, bitcoin must test its long-term support. On Feb 6th, we just barely touched $6000 but didn't come close to testing support on the red line, so if we want to touch 30k by April, we need to make sure we get it right this time, and really DIP . None of that pansy to-dip-or-not-to-dip business we saw last time. Since bitcoin loves to drag the entire market (kicking and screaming, or otherwise) wherever it goes, prepare to short and/or HODL your coins! If we do have our bullish reversal, this might be our last big opportunity to pick up cheap currencies for months. Trading-lesson-learnt-the-hard-way: "FOMOing into trades is a leading cause of depression and insomnia."
BITFINEX:BTCUSD
by svinthe