Get started

NEW

XEM/BTC TRADE IDEAThis pair seems to be inside a consolidation flag, and it could head two ways that I pointed out on the graphic. RSI shows that there's still room for growth in this market, and considering that BTC is currently going into a correction phase, it wouldn't surprise me if price breaks the downtrend line and heads towards resistance. The 1.12 dollar level could be a good entry point if price breaks the uptrend line and DMI+ confirms upward moving, and then we'd be looking to a gain of possibly 12% gain if it hits resistance and you wanna leave at that point. I understand the fact that there's no exchanges currently trading XEM/USD but with bitcoin dipping in price we could use this pattern to analyse the XEM/BTC pair. I'm just starting to make analysis, hence why I don't feel confortable posting analysis regarding pairs with BTC because it's behavior is hard to predict. Let me know what are your thoughts on this and if you think i've made a mistake feel free to correct me. Peace, Daniel
POLONIEX:XEMUSD
by pazosdaniel
NZD/USD change of patternsInitially Thursday’s forecast for the Kiwi against the US Dollar continued on, as forecast. However, something strange occurred after the initial move was complete. As Dukascopy analysts expected a rebound against the lower trend line of the previously drawn channel up pattern, the support of the pattern was broken. Instead the surge occurred slightly lower. That gave an opportunity to adjust the channel up. In addition, that caused suspicion and a look at the larger scale was done. Due to that another larger channel up pattern was discovered. Combining these adjustments an ascending triangle was discovered, which should be broken to the downside at the latest next week.
Short
by UnknownUnicorn890690
Bitcoin: BTCUSD Officially left the Building Last Night Bitcoin Update Still strong whilst within the new Parallels Having left the building (contraints of the last paralllel) last night Bitcoin went on a tear, nothing to hold it back now. After bottoming a second time at 13083, just under the 13210 next buy point and under the old parallel by 130 points...this would have stopped out the long from 13210 (in all likelihood, most probably using 100 point stop at that point so a good trade that would have been stopped out was at least avoided. But that doesn't excuse not getting long agin from 13826 level once it had been regained and thoroughly tested from above and survied the onslaught perfectly, with Bitcoin coming back down to test that level precsiely before bouncing away and now 900 points higher still...we should have had ALL that trade, every damn point. Another 900 points not won. Would trade that notional 100 point loss for that win though. Shoulda woulda coulda. Move on now.... Now Bitcoin is tracking a new set of parallels and stays good whilst within them. But it's beginning to tire and we are close to the 15 number now. Stay long here if you are already and only close out once the lower parallel is lost, looking for another test of 13826 where we look to get long again with stops 60 points lower if touched.
BITSTAMP:BTCUSDLong
by sumastardon
7
AUD/NZD 4H Chart: Confirms medium channel downThe Australian Dollar recently surged to confirm a trend line against the New Zealand Dollar. Due to that reason market participants are finally able to draw the previously expected to reveal itself medium size pattern. In regards to the short term the pair is likely going to be pressed into the support of the weekly S1 at the 1.1050 mark. It will be done by the resistance of the 55 and 100-period simple moving averages. Meanwhile, one needs to take into account that the four hour candles, if moved away from the simple moving averages, are likely to become larger. Namely, volatility will increase.
Short
by UnknownUnicorn890690
EUR/NZD 4H Chart: Set for more gainsThe Euro is surging in a very steep angle against the New Zealand Dollar. The surge began, as the support of a channel up pattern was strong enough to force the pair higher. In addition, the appreciation of the Euro against the Kiwi does not seem to slow down almost at all, when it faces various resistance levels. Most recently the pair slowed down the surge to find more support in the weekly R2 at the 1.7048 mark. The next target for the rate in the case of a surge should be the 1.72 mark, where the weekly R3 is providing resistance. Most likely that level will be reached soon, as even the speculative ascending patterns do not provide resistance below 1.72 level.
Long
by UnknownUnicorn890690
DASHUSD New Buy Points with caution and stopsDASHUSD Consolidating recent gains in a pennant: not as trustworthy as a flag, though. The recent low was 609, exactly double the price we paid at 305 some 15 days or so ago. Are you watching, Bitcoin? Two strikes on the lower line shows 'hot', still. Now it has to find enough buyers to beat the upper line of the pennant... If it can mange this we can follow/add but because it's a pennant am wondering how good the break will be if we see it now. Folow the break but stick a stop under 624 in case it fails...want to see a couple of big green candles emerge on exit, therwise beware the break..(look at ETHUSD failed break last time to study a failure...if you can learn to spot thse in real time your whole outlook and trading record will improve...not easy sometimes, buy others, it is!) Be lucky. And alert.
BITTREX:DASHUSDLong
by sumastardon
Bitcoin: BTCUSD Next Buy Point: Folllow the ChartBitcoin Update Next Buy Point Follow the Chart A reverse head and shoulders is forming with neckline at the upper parallel. Next buy point comes only when neckline is crossed on upside with stop 50 points lower - upside measurement implied target is 8390 on any sustained break. The whole thing fails if 7717 - 7660 range also fails, for fall back to 7530, which must hold today at all costs for bull case to stay good in near term. So far this battle for the new high ground continues, the bulls trying to grind down the bears at high altitude, and so far they're....winning. The way this pattern develops determines the day from here. It will likely take a while to play out yet - we don't even need to second guess it here, really. It's tough up here - that selling out of London first thing...was that heavy weiight Goldman clients closing out longs from lower down at the exact spot Jafari tagged at 8000 as the next high? It was a big bad red candle, first for a long while...it's tough up here.. .so we ait and simply react to the next signal. If it's a break above the neckline we buy, as above. If it's a break below 7660 we get stopped out for 130 points profit before spreads. Not great, but...it's tough up here. If 7660 breaks it means a test of 7530 - and if that should break it means the damn thing has flipped right out of the freeezer again and we're going to have to strart the chase all over again. Please no. But it's Bitcoin. Anything can happen. (And If it does, we switch back to shorting rallies back up the blue lines. Please no. Like in Alien (new theme) we're watching a new life-form develop on our screens in front of us. Intersting stuff, no? Please comment ffs! Let the chart decide for us. And let the force be with you, guide you, Luke. Trust the force!
BITSTAMP:BTCUSD
by sumastardon
Bitcoin: BTCUSD New trade set-ups with clean chartBITCOIN: BTCUSD Update on Positions Not a bad day, so far but need to keep an eye on this short still...day-traders have made 250 points from the short from 6300 early in UK morning, then another 200 to 450 points from the long at 6050 just an hour later, depending on where you took profits and now we're short once more from the highs of the day at 6450 with a tight stop above 6515 which was never hit - and is now about 300 points in profit, so 750 - 1000 points profit today in a market that is down 200. This is what a chart that is so technically perfect can produce in the way of fast profits. If you can stay alert and act quickly this space is made for traders - there has never been anything better so far, in the history of speculation. It may not last forever (not Bitcoin, which is just beginning) but the perfection of the chart - but whilst it does we have to trade it. Also longer- term readers will know that catching this monster has been the long term aim of this quest since the chase began - we really want it tagged, bagged and thrown in the freezer, the ultimate trophy catch for any serious speculator (or investor if you fell better with that). So maybe we'll get a chance for that later...maybe. But like Ahab on the quest to catch Moby Dick, you gotta stay in the boat to have that chance. Time will tell, as always. Right now we're still short...think we can move the stop down to protect some profits...the central parallel is still bossing this impulse wave as we can clearly see from the chart - whilst it stays in control of the move down we can stay short, hoping for another massive bear raid to come out of China which ideally will drive price down hard to at least make a double bottom at 5637 and potentially to then fall further still to 5113-4973 range where it will become a buy again if we see it hit. LONG Story Short Yeah, right. Difficult to try cover all scenarios: Stay short, using the central parallel as exit (break above here, followed by successful retest from above: newbies please beware: ideally you should just follow for a while and check back over older Bitcoin posts on Sumastardon pages on Tradingview.com to get a better understanding of trading break-outs etc). If the call goes to plan and the central parallel continues to control this move, repelling every encounter the short stays on down to 5747-5637 first target. Then we close out. It will probably try to make a double bottom in this range (which could well extend right down to the low in China last night again, at 5561 at the extreme). Still don't think that this range will likely be the final bottom, but it should create some kind of stall at least and really should trigger a bounce if touched (doesn't have to though, those Chinese can get pretty scared at times) so cannot recommend a quick counter rally long here because the stop is too vague right now - for the first time since Bitcoin began to unravel it didn't bounce exactly off a given fixed support line (blue lines) but exceeded it by fully 80 points - so am less sure about exact level to expect a bounce, making a sensible stop impossible to figure right now...but if Bitcoin does come all the way down to the exact low at 5561 within 10 points either side it might be worth day traders getting long with a stop 50 points lower for small loss if wrong. But we need to be ready to turn entire position round on any fall below 5510, shorting down to 5113-4973 range (with stop placed at 5610 if this trade is triggered) and ready to buy back and go long in this important range with a stop 100 points below 4973 - if this range is tested later it's the ideal place to consider a longer term 'investment' in Bitcoin (ie Slinging it in the freezer) as it looks the perfect range to get long again. But if wrong we need a plan B, worked out in advance: to go wrong, firstly the central parallel needs breaking to tell us the pressure is finally lifted, then it needs to use the
BITSTAMP:BTCUSDShort
by sumastardon
2
AUD/NZD 4H Chart: Near Broken Trend LineThe situation on the AUD/NZD charts is quite rare. The pair has broken the resistance of a massive scale triangle pattern. The break out occurred in the borders of a dominant channel up pattern, which is set to guide the rate higher in the long term. Meanwhile, in regards to the smaller scale situation, the pair has retreated in an almost obsolete channel down pattern in the borders of the channel up pattern. The channel down is set to be broken because of the support of the ascending channel. In addition the situation is complicated by the still active resistance of the triangle pattern near the 1.1150 mark.
Long
by UnknownUnicorn890690