Bear Market Bounce? Descending Triangle Short TargetThe next leg down (when measured from peak to baseline) has us stopping right before we hit "bear market" territory. From the current high (open/close) a close beneath 2298.296 puts us below the 20% threshold, and while we may dip to this area, I'm not so certain we will close a session beneath this spot (not yet, anyways). I see two possible scenarios, the 1st is if the market caves fast and we begin the next leg immediately, the 2nd includes a possible bounce within the descending triangle formation before completion of the pattern. I would like to point out, that if there is a bounce at the 2440 area which retraces higher than 50% of the immediate fall, that would indicate a possible reversal due to the weakness of the pattern breakout. The latest I see this playing out by is mid-June, though it could happen at any time before then.
Marketanalysis
Some planning and a good time to buy Well It's that time now where we can sit back relax and get a good look at our charts. It's Bank holiday, end of 1st Q, end of the month, end of the week those bars are printed so we should be able to get a decent look at what may be going on.
For me firstly Iv'e just briefly been taking a look at the majors and volatility etf's to get an overall stand on the market. What i like here on the S&P500 We can see that in March we did not make a new low, held within February's range and just settling around the 12ema on the monthly and right around the 50ema on the weekly chart where we started to see a little bounce, particularly tech which was nice to see starting to bounce on Friday. So for now i don't think there's any reason to assume we are in a bear market yet. Noticed a few breadth indicator charts flying around too with notable lower spikes on recent selling than previous weeks.
S&P 500 MONTHLY VIEW
We didn't make a new high either but did test it so this could go sideways for a period of time, but we closed in the bottom of the range so for now i will assume we can enjoy a little bull run with many sectors and stocks oversold.
That being said, on to my scans not going to go into great detail. On this chart was just a simple scan looking for stocks where 5 period stochastic on the daily is below 30 oversold and on the weekly the 50ema is moving up smartly over a period of 20, Some might like to look for stocks over longer periods but for me i'm a short term swing trader i like to trade the now so i'm just looking for short term trades. All i'm doing then is analysing the charts on multi time frames looking at macd behaviours and momentum oscillators etc.
This one popped up right near the top of my list and straight away just looking across the board the time frames where falling in to place. What i also noticed without having to crunch numbers and go through financials was that this stock is a really nice growth stock just looking at that trend which has been strong and steadily growing along the way since 2010 when it was trading for under $10. This will have picked up many investors along the way. With that in mind this would be a perfect place for some investors to get involved again as it's the first visit to the 200 ema since this trend kicked into gear, Looks fairly cheap having dropped 25% since recent high, also at a monthly support level.
Market estimate #bitcoin #btcusd Analisis creado el 20-2-2018Nos encontramos en una zona donde podriamos visualizar una congestion del mercado. Su proyeccion a lo largo de estos dias del mes ha sido temporalmente estable, sin embargo posiblemente estemos llegando a los precios de los 12-12.2k para luego recibir un retroceso a la zona de los 10k aprox si es de darse la condicion natural del mercado. En este momento los inversionistas llevan gran margen de ganancia con relacion a los analisis anteriores publicados por nosotros. Atentos a esta zona ya que en la bajada podriamos tener un incremento en las alts para continuar adecuadamente los movimientos del mercado. Estimaciones y proyecciones que presentamos a los momentos con BTC grafica 1D.
Channeling the Dow's Channels - As I Saw Them in My Dream!I had a strange dream last night where I saw all of these weird channels on the long-term Dow chart so I thought I would try to recreate what I saw. Most likely is meaningless garbage but I thought I would do it anyway. Another thing this could be telling me is to stay away from spicy food before going to bed!
The Dilemma With Technical Analysis- USDJPY This is the dilemma with technical analysis, here we have a situation where we have technicals supporting a move upward and downwards. This situation is very common with technical analysis, in most cases there are technicals supporting both the bulls and the bears and hence making decisions solely based on technicals is 50/50 in most cases.
We have the 50 fib bounce and the trend line break suggesting a higher USDJPY while on the other hand we have a head and shoulder pattern and also a 50 fib bounce suggesting a lower USDJPY. So which way will the market move?
This is where knowledge of the fundamentals will prove beneficial, analyzing the fundamentals can help in deciphering which way the market will most likely go. Understanding what is driving the USDJPY and what the market is currently focused on combined with the technicals is one of the safest ways to trade.
Now for this trade if you are trading based on the technicals it would be best to wait for the USDJPY to break above or below the broken lines in the chart before looking to place a trade. If you understand how to read volumes then you can base your entry on signs of supply/demand.
DASH: Stabilized DASH is one of the most stable markets I've seen according to the Technicals. Since its ATH it has been mingling in this zone for almost a month. only small upside I see for a Bullish Rally is the light green bull trend line, this is showing slow and steady long term growth for the long run, but it is difficult to see the next close rally with the small amount of volume this market is experiencing and the long wicks prove it.
LTCUSD History Repeats!?LTC ready to repeat the pattern of $100 to $400 of past months to what has it has consolidated till date.
Possibly, ~$300 to ~$1000+
With increase in media attention of Crypto the time line is squeezed between bull run to bull run.
LTC has been quite for some time now. Where as other smaller valued crypto despite of large supply had growths multiplying their values to several tens of times if not about a hundred odd times for some crypto.
LTC 's growth has been largely hindered by these factors with traders jumping on to make huge profits with such coins.
LTC will regain it's TOP 5 spot shortly.
LTC is in very similar position as XRP before it's run up. Neglected by most of the traders blinded by other Crypto run ups. XRP was also at 7/8 spot when it started it run up to end at 2nd spot.
twitter.com
@SatoshiLite has tweeted about reduction of transaction fees by several orders of magnitude which is a great news and LTC tested $300 mark following the same.
In coming days the reduction of Transaction fees along with Lightning Network 'll make BCH redundant.
Considering all that's planned I am highly optimistic that LTC is ready for a massive bull run increasing it's value by 3-4 times .
If everything goes according to plan LTC will set a firm foot at 3rd/4th spot by market cap for a very long time.
Thank you.
Happy Trading.
Disclaimer: This is just my opinion and not to be considered as financial advise.
BTSBTC Market ReviewA daily summary of the previous day’s market activity and review of current state of market on Cryptos.
Analysis
Daily Time Frame read
On the daily TF after the price breached the green ray we are in overall buyer’s territory and I could see the momentum dead completely when after retracing 100% and then I thought of entering the trade once I don’t see any HH but price made a HH and shoot north. ATM I can see there is a disturbance or indecision between the sellers and buyers. I don’t have entry rite now with the Daily chart let’s see how 240H transactions are going on.
240H Time Frame read
On the 240H after price breached the orange line we can see some selling pressure coming up and bears are not giving any chance for the bulls to gain some momentum now buyers are struggling to make HH and not making it up to the mark. I can see a wick on the bottom giving me a sign that buyers are not willing to make LL. I don’t see any buy right now in 240 also unless and until the price challenge the next high i.e 0.000065 Sats.
Entries, Exits
There is no logical reason right now to short or long.
Aggressive Entries and Stop loss
Noting there at the moment (ATM)
Conservative Entries
Noting there at the moment (ATM)
Risk Management
• If you are an aggressive trader you can risk 2% of your capital on this trade.
Tight SL below green ray. Position Size should be calculated based on 2% of the capital/SL by Sats.
RR should be at least 1:2; I am not specifying any targets as of now because the entry is speculative atm.
HODL overnight not more than that because BTC market is speculative atm.
• If you are a Conservative trader you can risk 1% of your capital on this trade.
Wider SL below the wick under the green Ray.
Position Size should be calculated based on 1% of the capital/SL by Sats.
RR should be at least 1:2; I am not specifying any targets as of now because the entry is speculative atm.
HODL overnight not more than that because BTC market is speculative atm.
Trade Management
Noting there at the moment (ATM)
What can go wrong with the market?
If I enter the trade now based on the 240 analysis then sellers know down aggressively then I will lose all my positions.
Psychology
Relax, Meditation, and Patience
Keep practicing the above mentioned three.
LTCBTC Daily Analysis A daily summary of the previous day’s market activity and review of current state of market on Cryptos.
Co-Relation with Bitcoin
As we can see a major resistance at the red ray and the buyers are dead at the moment as I can see a 100% retracement near the resistance. As you can see the Blue parallel region Price didn’t breach 13000 USDT and 16000 USDT so, buyers and sellers are not decided yet where the market will go. I anticipate that price can fall up to 16000 USDT and then bears will gain some momentum and then fall up to 13000 USDT. As we are Co-relating with BTC Alts may have some selling rite now that gives us a nice pullback so, that buyers can buy at cheaper price.
Daily Time Frame read
On the daily TF after the price breached the green ray we are officially in buyer’s territory and holding above the buyer’s territory. I can see a clear view that after breaching the 0.018 Sats LTC didn’t make a HH and didn’t make a LL after 0.016 Sats as you can see a big know back by the buyers indicating that they don’t want to go lower hence we are working on the strength of Base and Quote currency. 1st Touch is at 0.0165 Sats and 2nd touch is at 0.019 Sats and 3rd touch is at 0.0165 Sats. So, I can do a Buy now and do a sell after hitting the 0.019 Sats. We can see a clear cut price action on the 240H.
240H Time Frame read
On the 240H after price breached the orange ray we are still in buyers territory and we got some selling i.e. a pullback to buy at cheaper price and clearly indicating that price doesn’t want to go lower that the orange ray and buyers gobbled up so quickly and tried to make a HH and failed. Then sellers are so week that took them so many hours to come down to the 0.0165 area (This is another sign that Buyers are still in control) I can do some buying once I see price above the gray Ray and then target the 0.0197 Sat mark. LTC is Ranging on the daily and 240H.
Entries, Exits
There is no logical reason right now to short LTC because I don’t have room to do a sell. I can enter the trade once I can see price coming up aggressively and holding above the Gray Ray and exits at top of the Range.
Aggressive Entries and Stop loss
If you are quite aggressive in nature and don’t want to lose few Sats then you can enter the trade now. SL 0.001 Sats.
Conservative Entries
If you are conservative in nature then you can enter the trade once price comes up aggressively and holds above the gray ray and wait for 2-3 candles that shows the indication that price is not willing to go lower and then enter the trade.
Risk Management
• If you are an aggressive trader you can risk 2% of your capital on this trade.
Tight SL at 0.0010 Sat. Position Size should be calculated based on 2% of the capital/SL by Sats.
RR should be at least 1:2; and we have a best RR in place.
HODL overnight not more than that because BTC market is speculative atm.
• If you are a Conservative trader you can risk 1% of your capital on this trade.
Wider SL below the wick the blue indication line.
Position Size should be calculated based on 1% of the capital/SL by Sats.
RR should be at least 1:2; and we have a best RR in place.
HODL overnight not more than that because BTC market is speculative atm.
Trade Management
• Remove 50% of your profit once you make 5% on your investment and make SL to ‘0’ (Aggressive and Conservative entries).
No more positions to be added to this once you entered the trade.
What can go wrong with the market?
If BTC have good strength then trade might go in opposite direction If price didn’t stay above the gray ray then we have some selling coming
LTCUSD correction seems to have failed this time.Not much hints were available to explore as this seems to be totally a "HODL" high with respect to big players.
Some of the reasons why this correction may fail and LTC may consolidate for certain amount of time and start bullish again.
1. Too much media attention roped in new players who were capable of generating incredible support anything below $90 mark.
2. Everyone playing realized Litecoin / bitcoin and other coins alike are here to stay and not worry much about a 30% correction at most that could happen.
3. Technical analysis suggest that super resistance is in the offering at $101 mark. It'll consolidate around this mark for few more days or at least until those
sold at All Time High start investing back again realizing correction fail which in turn serve as new strong support level.
4. Even with the flash correction it was observed that incredible support was offered possibly by old players or new players who saw the opportunity to fit right in.
5. Most of the people expected the correction this time than before and sold everything at once where new players were just jumping in on the bandwagon causing
a strong flash crash with jump back up in no time.
6. 100 day SMA is closing in at the top which possibly could increase confidence in traders to move in.
The above analysis is solely my understanding about the things that were observed in the past 2 days and this analysis must not be considered as an investment advise.
LTC is drunk and it'll stay high :P
Thank you for your time and good day.
Happy trading.
GER30 in a Triangle area. Weekly analyseHola guys,
Our DAX30 is in a indecision moment, this is the reason this week i staied neutral. It is between R1 resistence and S1, S2 supports. The triangle pattern is made by connecting T1 upper trendline and T2 lower trendline. Also in the chart you can see T3 daily trendline.
Now... my plan for the next week is to wait Monday to see where it's gonna break and after i'll wait a confirmation for the trend that is gonna come ( i'll look for a test ceilling ).
We could have:
1) breaking of T2 and a test ceilling on T1 or S1. Than i'll sell paying attention at 5min candle stick patterns and at the price action. I'll also look for the possible pullback on S2 and T3 ( this are bullish areas ); here i could swip the trade, but anyway i'm gonna advice you if a change is near. S1 and T1 will protect my SL while the first TP could be when the price touches T3
2) breaking of T1 trendline and a test ceiling on the same trendline. This would be a bullish signal ( of course first we have to look at the price action of the market and candle stick patterns ). In this case i'm gonna take a long position, paying attention at when the market touches R1 resistence ( this is the strongest bearish area ). If a swip of the trade will happen i'll write you. S1 will protect my trade while the TP will be near to 11800 ( or i'll close it at a strong pullback that could be a change of direction ).
This is my weekly technical analyse for GER30. When the broke of the triangle will happen i'll publish the idea of the direction that i'm taking.
I hope that this idea will help you. Personally i'll use it to open BO options and couwntdowns... and of course for normal trading too. For any question about the analyse or others request like: the reason of the support and resiste areas, money management or personal market advicer service or account manager ( if you're account is in a bad moment ) contact me in p.m. without any problem, i'll be happy to help you.
Kind Regards,
Delta B.
E-Mini, SPX: Structure Remains Bearish Below 2169!Market has been trading in a corrective (b) and (c) wave these last 30 days and we are very close to a significant bottom on (c) wave that will complete a wave 2 around 2080 area.
E-Mini 60Min Chart - October 23, 2016
In the above chart, we have a clear Ending-Diagonal wave (c) of 2 and we are currently at the wave iv-v of this wave (c) that might complete this week around 2080 area. Even though we would prefer green wave iv to have completed, we are leaving an open path for an extended wave iv (green "or iv") that might hit 2148-50 area.
Chart of SPY below can accept a higher wave iv and looking at E-Mini indicators above we might see that 2148-50 before going down one more time to fill wave v of (c).
SPY 15Min Chart - October 23, 2016
We are already positioned short at 2135 E-Mini price level and invalidation point of this bearish view is 2169.
EURUSD Latest outlook - Short callsSimple scalping should work best in current market conditions. EURUSD specifically due to the current political and economic climate is set to have the largest opportunities for short term scalping from all major asset pairs.
If you are tired of not gaining the results you need get in touch - Investment management for profit is what we do.
Historical SPX500 "It's my party and I'll short if I want to"What a journey!!!
I have sweated and bled trading up the levels on the SPX500 in recent weeks. Fortunately my personal view and analysis set me up for the strongest positions possible. Taking long profits all the way to 2140 but that is where I am drawing theline.
Could we have a further higher level of historical price? Yes. Can I tell the future? No. Please therefore be careful.
In my opinion however from here and for the rest of this week, this month, next month and even into September we will be coming further back down the price levels.
Here on my chart you can see my Fib work and SHORT position indicator set.
At this moment I have taken a poorly hedged account, cut 250k out of dead weight, added 150k back into the balance through longs and im now anchored up to hang for the short price to come.
Essentially I'm almost there, just need the price to start falling from here and I'm a hero.
Hopefully I'll make it 3/3 spot on analysis posted. I expect a rate of 2070 or below come close this Friday.
#bitchbetterhavemymoney :) #shortyshorts #falldownprediction #mysticmeghasnothingonme
GBPUSD FIb patterns over timeAfter scalping out over 400 pips this week alone it is clear to see that truly what we have here is an opportunity to continue to rake some profit in.
On a binary options level we need to target 15 minute spot positions in order to keep the risk down.
Nice indication for a big reversal to come perhaps?
GBPUSD RETRACE - Time to play devils advocateThere is no chance that we will test the historical lows BEFORE the Brexit arrives.
There will be some huge swings, most of them going negative, however right here and now today at least for the next 2-4 hours we can "bounce" that Cable back up the levels to 1.42800.
Come and check out www.STBinary.com if you would like to take this trade on with some predefined risk and reward.
11.09.2014 London Session Watch GBPUSDGBP/USD has been in a strong down trend since last month but seemed to find some ground in the last few days. There's an inside bar candlestick pattern formed on this pair, so the price could potentially move slightly higher to the resistance level and fill the gap before continuing to move lower. The stochastic and Commodity Channel Index (CCI) are showing the Pound is overbought as well which could lead the price lower. The long term trend is still bearish as the short term moving averages (10 and 20 period) are still staying below the long term moving averages (50,100 and 200 period) and the Tenken-sen is still below Kijun-sen too which shows the bears are still in this market, so we could potentially have selling opportunities in todays London session near the 1.6275 and 1.6340 resistance level.
USDCAD New York session WatchAfter multiple attempts to break below the 1.0880 support level, USD/CAD’s price eventually started to see some upside movement in today’s Asian and Lohndon session. The price has created multiple pin bar candlestick patternw in this market, which shows the bulls aren’t going to give up anytime soon. The overall trend is still up as the price remains above the 200 period moving average and MACD and Parabolic SAR indicator are building up strength to the upside. The current support level is at 1.0880 and resistance is at 1.0983. If the bulls are determined to drive the price up, we could potentially see some buying opportunities coming in today’s New York session.