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Bitcoin ShortWhats up traders, Before I give my analysis I want to thank you guys for all the likes, comments, and follows. This is our 50th post on Trading View, and trust me we will not be going anywhere any time soon. Expect more from us in the future! -LobFXEmpire If you been trading Bitcoin you know its been going up in value a TON, but what goes up MUST come down! If you're like me your going to try to catch the bulls and the bears! I'm seeing price retest a key area and going down to about 11700-11600, or even the daily support I have plotted. The daily candlestick closed while price was attempting to make a move towards the bears, and then obviously opened a new candlestick an started to rise, but its most likely a fake out. Just a thought, what do you guys think? P.s. I also spotted a head and shoulder on the 4HR TF indicating downward movement
BITSTAMP:BTCUSDShort
by lobfxempire
AUD/USD 1hr MARK-UPThis was a mark up was on 9/30/19 - 10/3/19 I didn’t take any trades. I was simply practicing my analysis and see where i was heading with this. 4hr and the daily showed a confluence of the 61.8 and the 38.2 matching and where price continued to fail to the and make its way to the downside. With the overall view of the daily showing two pushes to the downside and the 4hr showing the same showed me that there could be a possibility for price to head and the same direction. With the daily showing a complete down trend and also doing my analysis on the daily and the 4hr. It made me believe that there will be a bearish trend continue to happen on the 1hr. the candles of the bulls where weakening while the bears where continuing to dominant them. It broke the HL sequence while it made new LL. With price at (.68012) Where the pull back is just 10.2 pips shy away from the fib 38.2 it still qualify in my rules for a pull back which gave us a continuation of the bearish trend and for price to keep going at the direction of the market. plus it hit a resistance level with the 38 as well. Looking forward Also with the resistance level and support level you can see a small Consolidation within a range. I was looking for the resistance level to be tested by price and to break out of Structure . If price come to test that level and respects it we would see the push continue within the box, breaking the previous low which at (.66875) which was at support and break the trend line and retest it and fail down to the downside before turning over to the opposite direction which is bullish. So allowing the price to finish box 2 projection before tuning over. I use news as a references, i don't trade with the news. But the FED cuts and the employment rate cuts in Australia also had a impact on the market as well for it to continue it in a bearish market.
by UnknownUnicorn891995
Interesting Markup of USDJPYThis kind of looks confusing but "bull" with me. Basically, I was practicing the top-down analysis to mark up the graph and so far its currently looking like a buy. The Larger purple box represents the weekly candlestick that I had highlighted, from them we zoomed in on the hour 4-time frame and highlighted the most recent candle in green and began identifying the structure of the highs and lows with the orange boxes. Currently waiting for a good entry with the M15 time-frame
Long
by rokoro2
JSE:TKG Telkom Great Wykoff StudyIt is not a good time to buy Telkom but it makes a good study of the Wyckoff principles. The first thing to notice is the pattern: Markdown - Accumulation - Markup - Distribution - Markdown - Accumulation - Markup and now potentially forming a range again. The next notice the two ways that markups and markdowns en: 1) The first Markup and Markdown ended by an inability to move to the oversold or overbought trend line, 2) The second two had over throws of the lines. Both these setup resulted in a trading range forming. The next thing is to notice how the trading range forms. Only the main labels are added to have less clutter. Volume increases on the Preliminary Supply (PSY) or Support (PS) and it is possible to even be the highest volume for the range as is the case in the Distribution Range. Next a Selling (SC) or Buying (BC) Climax is formed on volume stopping the trend (Phase A). After a Aromatic Rally (AR) or Automatic Reaction (AR) (Still Phase A) a period of low volume in the TR forms where the Composite Operator (CO) is carefully either Distribution or Accumulating stock (Phase B). Once this is done the TR ends in a Spring; Upthrust after Distribution (UTAD) or Last Point of Supply (LPSY) / Support (LPS) Before breaking the TR (Phase C). Once it has been marked out of the TR a backup to the trading range first takes place (Phase D) before the Markup or Markdown can begin (Phase E). Also notice how the Volume RSI can assist in providing a clue if an accumulation or distribution is forming.
JSE:TKG
by SteynTrade
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