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btc 4hr bearflag breaktarget aligns exactly w/weekly chart 200maInteresting confluence here as I've noticed that the 4hr chart has a bearflag with a long enough pole that the exact drop target would be almost identical to where the weekly charts 200ma is currently residing in the lower 3.2ks. We all know the weekly 200ma provided the ultimate support for out last big bounce around this region...and it also has a high probability of maintaining that support as well as triggering another big bounce and possibly even a double bottom on that 200ma weekly support trendline. The other confluence is how all the multiple time frames (1hr,2hr.3hr, and 4hr) all seem to be on the verge of an impending deathcross and will likely happen one after another like a set of dominoes. The 1 hour chart has already had its deathcross, the 2hr chart deathcross is next then the 3hr then the 4hr and next and so on until we have all the deathcrosses and I anticipate it will be right when the 4hr death cross occurs that we really drop. Of course we have to break down from the bearflag first with confirmation before entering a position in it. . .so until the death crosss occurs this will remain a no trade zone for now. With a big big move to follow soon. One last thing I noticed is that xrpusd appears like they will be having a 4hr deathcross very soon which could spell trouble for xrp in the not so distant future...hopefully xrp can figure out a way to pull off a deathcross fakeout. Anyways good luck out there it was all this confluence that makes me think it will inevitably break down.
BITSTAMP:BTCUSDShort
by DrDovetail
1
SPX500: Years-End-Analysis! RETEST of 2.600 is pretty likely!Hey Tradomaniacs, welcome to another weekly overview of SPX500! Let`s take a look at the year and what we see is a huge but delayed Sell-Off compared to the european market! SPX500 started this year @ 2.666 and was struggeling since then! adter the first sell-off in January 2018 loosing more than 12% we`ve seen the first signs of fear and panic. The uncertainty continued until April before the market decided to give it anotther try and we`ve "bought" an uptrend to the SPX500 ATH @ 2.940! What a run - But the double-top-pattern came 8 days later and caused a new massive sell-off! The breakout and retest of the Trendchannel confirmed the panic and cause more bearish power. We gave it another attempt.. and bounced off again. The S&R-Flip was cut in stone. The last attempt was just a desperate act of team Bulls..but they had to surrender. GG WP? The next break below this "Tripple-Bot / Tripple-Top ala range was a volatile walk on a knife edge, and the high volume continuation of the sell-off confirmed that. We`ve retested two converging trendlines and the Range of Feb. 2017 - June 2017 which is almost at the 1.618 Extension of the first Sell-Off! A retracement as a retest of the recent support @ 2.600 is pretty likely and should give the bulls another chance to turn this game into their favour. Technical Aspects: -------------------------------------------------------------------------------------------------------------- Overall you can see the market is still very freaking volatile and attractive to daytrade. After the recent massive sell-off below the low of the YEAR at 2.530, team BEARS didn`t stop until we`ve reached the low of two converging trendlines @ 2.2321. We´ve retraced 38,2% but it should be pretty likely to retest at least the years low or the 61,8% retracement, which is excactly at the previous support (2.600). The Wave-Count is not complete anymore.. I don`t know why, but it just dissappeare and I`m a lazy person! ;-D You can see that we are still in a correction. The question is: Will this still be a correction? Or do we head into a downtrend? We are currently in WAVE 4 of WAVE (Y) (which is actually WAVE C).. but I think it`s easier to understand that way. It`s pretty likely to see a retest of 2.600! -------------------------------------------------------------------------------------------------------------- All fundamentals are pretty bearish! Looking at the FED`s policy and its plans to increase the interest rate we will ahve to expect way less liquidity, consume and investments in the market. THIS IS NOT GOOD FOR THE WALLSTREET ;-D We will see what happens! I WISH YOU A HAPPY NEW YEARS EVE! Enjoy the time with family and friends! :-) --------------------------------------------------------------------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
OANDA:SPX500USD
by Trading2ez
EUR/USD: The years-end-analysis - Likely to see PARITY!Hey Tradomaniacs, welcome to another weekly overview of EUR/USD! Let`s take a look at the year and what we see is a huge Sell-Off aswell! EUR/USD started this year @ 1,19873 and found our years high @ 1,25628 in feburary. After that we`ve just consolidated in a range between the peak and 1,22. FED`s rate hikes consistently punished the EUR which was affected by many different political circumstances like Brexit, italy, france and so on. The European Central Bank decided to quit the QE not as expected - But these might be the first signs of a hawkish policy. But will we seriously see a rate hike this year? I don`t think so. What is the consequence of the financial crisis in 2008? The ECB did nothing else than shifting a problem with financial injections by a ZERO-interest-rate-policy and the Money-Print-Rage + the QE. I bet you`ve heared about the quantity equation. The best way to fight inflation is to increase the interest rate. Since the recession is slowly on its way to destroy our economy again indicated by a cooling down economy and stockmarket the ECB can not just increase the interest-rate in 2019 as planned and Draghi probably wont even increase them during his term. Why? Because the only way to suppor the economy is cheap debts/money/credits. Technical aspects: -------------------------------------------------------------------------------------------------------------------- After the break through the Neckline we`ve seen a test of the 61,6% retracement and could show us the first impulse after the breakout of this S/H/S-Pattern. the next move is a retracement back to the trendline, where we bounced off again and created a doji aboce the candles body. Is all this a retracement ala kissback before we continue the journey to the south called "parity"? The FED`s policy is pretty hawkish because Jerome Powel has officially confirmed that the FED-PUT is gone. He won`t take a look at the Wallstreet anymore and prefers to take the economy and its climate as his indicator for his monetary policy. The S/H/S-Pattern target would be @ 1,05 which is between the 1.414 and 1.618 Fibonacci-Extension. The time-Zones are pretty accurate and should be taken seriously. Conclusion: I`m more bearish but it`s all up to the political situations around us in Europe plus the ECB`s upcoming desicions. -------------------------------------------------------------------------------------------------------------------- We will see what happens! I WISH YOU A HAPPY NEW YEARS EVE! Enjoy the time with family and friends! :-) --------------------------------------------------------------------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
by Trading2ez
GOLD: Years-End-Outlook! We are at the CRUCIAL ZONE!Hey Tradomaniacs, welcome to another weekly overview of Gold! Let`s take a look at the year and what we see is crazy! Gold started very well with the years-end-rally of 2017 and retestet the High of 2016! Technical aspects: -------------------------------------------------------------------------------------------------------------------- Gold was steady inside a range of 1.303 - 1.365 and broke through the important support of 1.280! This caused a massive sell-off as every else down to to low of 1.160 which got stronger after we`ve violated the trendline which started at the low of November 2015. And as always - the 61,8% retracement was the bulls HEROS which is @ 1.183 and is the current support after this sell-off. We`ve started to retrace up to the trendline again and are currently at a VERY crucial ZONE. This ZONE is a very strong resistance and should be decisive for the next move! We are at the 61,8% retracement of the previous sell-off which is at the trendline Addotionally we`ve almost reached the 1,61% extension-level of the bulls whose bought this retracement. Time to take profit or stack up positions? Is all this a downtrend and we continue after this retracement? Or will this turn out to be a fakeout and we continue the uptrend above the trendline? -------------------------------------------------------------------------------------------------------------------- Fundamentally I see a lot of potential in Gold which alwys used to be a safe haven in bloody stock-markets. The inverted yield-curve used to be a very reliable indicator for a upcoming recession and could change the cashflow out of stocks into alternatives like gold! We will see what happens! I WISH YOU A HAPPY NEW YEARS EVE! Enjoy the time with family and friends! :-) --------------------------------------------------------------------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor
TVC:GOLD
by Trading2ez
DAX: The years end analysis! *WEEKLY UPDATE*Hey tradomaniacs, wow what a crazy and sad year for all bulls. I hope you all had some short-certs and made a lot of money. But yes, it is as we all had to expect! The financial crisis of 2008 got shifted by financial injections of the FED, ECB and other central banks. The low interest-rate and QE made it worse and worse and might be time to pop the bubble. ----------------------------------------------------------------------------------------------------------- Technical aspects: The year started 12.889 and the DIVA found its peek @ 13.600! (Thank you Trump for your Tax-promises which made that possible! ;-D) Since then the DAX has created the first double-top and turned out to be a S/H/S or Diamond-Pattern which is the first evidence of a trendchange. It`s crazy, but after the Break through the NEckline we`ve seen another attempt called the retest or Kissback to get above 11.800 again. That bounce and S&R-Flip was the confirmation for the market to sell-off the Diva and went down to the years-low of 10.284. HA but look - we could fight our way back to the 61,8% retracement-level which is obviously a very common level for the bulls. It`s been a long time since the market has been oversold like these days. When is the time for a correction? Well - My opinion - I think it`s time to see the DIVA trying to get above 10.829 - 11.100 is possible! The last weekly candle is a huge Doji, which indicates a lot of Buy-Pressure caused by the U.S. Market. Overall the chart looks pretty bearish, but the price is very low and I think there might be some bulls in the tank trying to buy this one. We will see! I WISH YOU GUYS A HAPPY NEW YEARS EVE! Enjoy the time with friends and family! ----------------------------------------------------------------------------------------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
XETR:DAXLong
by Trading2ez
Weekly Outlook 31st Dec - 4th Jan - EUR/USDIm currently in a short sell from the current zone at the 1.14500 level entry was at 1.14600 my Target is 1.13800 The reason Is this has the highest probability of being hit. After this area we have got a demand zone which has been used twice already, potentially this could now fail and see prices push to the lower zone on the daily at the 1.12100 level. I will watch and see how price moved at the 1.13500 level as we could see price try one last move up before a further drop
by Wonour
Outlook - EUR/USD 21st - 28th December Price found the 1.14500 level this week as a hard area to push past, overtime price got to the level it found strong selling pressure. For the most part price has been ranging between 1.1§300 and 1.14500 Two areas that I have got my eye on are firstly the lower Demand zone at 1.12200 when price found this area last, there was strong buying pressure and shows this would offer the best low risk area to go long. The higher zone that saw a stronger drop was the 1.17500 area. This offers a very large 500 pip price range, will see which area price favours hover it may be a slow week due to christmas
by Wonour
Outlook for GBP/USD 24th - 28th December Having a look at where price is currently. Price has been finding selling pressure at the zone in the middle at the 1.2700 level. The first 2 touches of this price has shown that there are a lot more selling, further to this on the 3rd attempt at this zone, price found pressure a few pips lower. Between 1.2700 and 1.2600 price has started o move sideways with no real push, this could be due to the Christmas period and the markets slowing down in general. Having a look at the Fresh Zones where we would see the best risk / reward there are 2. The lowest zone hasn't seen price since April 2017, if price pushes through the lower timeframe structures this would offer the best area to buy from imo. If price were to find this level at 1.24300's then on the higher levels we have a larger range of around 500 pips.
by Wonour
SPX: Weekly outlook! Best price to buy?Hey tradomaniacs, welcome to another outlook of the S&P500! Tuff times and volatile markets are giving Swingtraders hard times to trade the market. On the other hand, we`ve seen much volatility and perfect preconditions for daytrading! :-) The S&P500 as the "world index" should be on your watchlist to observe the market carefully! Will we crash? Or can we stay above the panic-zone? SPX500 is currently dancing between 2.600 and 2.800 since 03. October! With two rallys after the the Sell-Off the market was trying to get above the 2.800 but coouldn`t make it. Every rally has got totally invalidated by the market due to uncertainity driven by news over news. The MAC-D is showing us a "Bullish divergence", creating higher lows, while SPX lows are going sideways! Overall we have seen more bearish commitment, it seems the market wants to safe profits as fast as possible. The political situation is cooling down and relationship between China and teh USA seems to be headed in the right direction. If cruide oil climbs, we could see more optimism and at least another try to break through 2.800! Cann we holf 61,8% retracement and 2.600? We will see! :-) I wish you a great start into the new week! LEAVE A LIKE AND A COMMENT - I appreciate every support! =) ----------------------------------------------------------------------------------------------- Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
SP:SPX
by Trading2ez
1
EURAUD - Outlook 17 - 21 december Price is currently in the middle of 2 weekly zones which have both been tested at least 3 times. The upper zone is a zone from Nov 2009 and has had some big drops in the past, because of this we may not see strength at this level. We are seeing price respect a daily level, due to the zone below having been test 3 times, we could see price make a break lower to the fresh zone below which would give a better low risk long position. Will want and see which way price moves
by Wonour
DAX: WEEKLY OVERVIEW! Look at his divergence!#Buychance?Hey tradomaniacs, quick a weekly overview of the DAX. It all plays out as the S/H/S-Pattern pre-determined. Technically we`ve seen a decent correction and sell-off below the 10.000, which has not been touched for more than 8 years. The sell-pressure is more than obvious and clear. But can we recover? Is that a trigger for panic? Or rather a chance to buy as cheap as never before? NOONE KNOWS! My first target is the 10.583 and should be the next decent support-level! But what about the US-Markets, whose seems to be upbeat not willing to violate the previous lows of the year? If we don`t head downwards the DAX could possibly get "support" by the Wallstreet. During the last week we`ve seen alot of important news that could support the wallstreet this month! 1. OPEC finally agreed to reduce the discharge of oil by 1,4 mio barrel a day. 2. NFP-Data way worse than expected. A weak economy means no the FED could possibly abstain from its policy and decrease the amount of rate hikes, which would weaken the US-DOLLAR and push the economy (still liquidity) and oil! But there are still important things like the brexit, tradewar, italy and so on! What will happen? Noone knows! For now, I`m still bearish but I see the potential auf a change before we crash next year! :-) ----------------------------------------------------------------------------------------------------------------- Leave a like and a comment - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
XETR:DAX
by Trading2ez
BITCOIN UPDATE: A possible path of Bitcoin to the bottom to 3k?Hey tradomaniacs, Keep bleeding, keep, keep bleeding love.. - Where will go we go? - Where is the end? - When is the price low enough for the big banks to seize? We don`t know but ther is ONE fact and ONE advice for everyone! Don`t try to catch the bottom - or rather.. don`t try to catch a knife! :-) Be patient.. as soon as the see a trendchange we might get a chance to stack up our positions! :-) But for now, we`ve gotta wait and see how much BTC can bleed without getting knocked-out! We will survive my friends! ---------------------------------- Leave a like and a comment - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me! Any questions? PM me. :-)
BITFINEX:BTCUSD
by Trading2ez
2
Possible AUD/CHF Short position!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1 Day Actions on - A – Activating Event Currency Pair creating a Triple Top . B – Beliefs Market will be rejected at @0.723 level and move towards the first Target 1 level @ 0.72 level. FX:AUDCHF Trade Management Entered @ Still waiting for confirmation. Stop Loss @ Still waiting for confirmation. Target 1 @0.72 Risk/Reward @ 1.5:1 Happy trading. Will let you know closer to the time if or when executed:) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
EUR/USD: Weekly overview - The way to parity & S/H/S-Pattern!DAX: Weekly Overview! Chance to get back to 12.000 increases! Hey tradomaniacs, WELCOME to the outlook of EUR/USD. The currencypair EUR/USD seems to continue it`s downtrend and could move down to parity. Fundamental reasons could be the siuation in Italy not willing to desist from its high budget-plan (indebtedness) which got rejected by the E.U. which is forced to come up with consequences such as a excessive deficit procedure. The second reason is still the Brexit and it`S possible harsh outcome. Technical aspects: Within the last 5 weeks we were fighting at the important mark of 1.14 and mostly closed below this level. THIS price is a very important support-level as you can see in the history when the market went up and down in a sideways trend. The market tested the Fibonacci-Retracement of 61,8% (PHI) @ 1,12144 and bounced back to test the area of the previous low in MAY 2018 @ 1,15. The respected 200 Moving Average is right below the price and helped the market to find a support level. Overall, the market looks really bearish and should continue it`s journey down close to parity. If we break through the 61,8% retracement, the next logical support should be at 1.10. A break above 1,15 could turn the market upwards in order to continue the consolidation between 1,18074 and 1,14. The previous green candle shows a bullsih reversal which is actually a sigh of strenght. As always, everything can happen. Have a nice start into the week! Peace and good trades Irasor Wanna see more? Don`t forgetto follow me. Any questions? PM me. :-)
Short
by Trading2ez
2
GOLD: Weekly overview! Chance to see 1.268 soon is likely!Hey tradomaniacs, WELCOME to the overview of Gold. Within the last week, we`ve created a "DOJI-Candle" which indicates a sideways trend. The market almost closed at the same price it openend. We`ve seen no volatility and no real direction. Important resistance: Within the last 5 weeks we were not able to move above the 38,2% retracement which is at 1.238 - 1.243. The respected 200 weekly M/A is right at the resistance and seems to support it. How ever, according to the dow-theory we still see higher Lows indicating an uptrend, thus it`s more likely to see GOLD rising up to 1.268! A breakout through the mentioned resistance could be a very nice and volatile trigger for the market to buy. A break through 1.184 could cause a sell-off down to 1.122! The primary trend shows an ascending triangle which is also a positive sign for gold! We will see! :-) Have a nice start into the week! Peace and good trades Irasor Wanna see more? Don`t forgetto follow me. Any questions? PM me. :-)
TVC:GOLDLong
by Trading2ez
DAX: Weekly Overview! Chance to get back to 12k!Years-End-Rally?Hey tradomaniacs, we had a very rough time and there are still a lot of political concerning circumstances against my assumption. It looks like the market trys to grab every chance it can get to buy DAX for such a low price. The german market was able to prove its sentiment within the last week since the US-market was in "Holiday" and gave us no impulses to follow during the Wallstreet-Session. The market was just uncertain and didn`t move at all. What does that mean? It seems like the german / european market has no own opinion about the current situation. Are we waiting for actions of Trump and the white house? Are we waiting for sales numbers after the black friday? Are we waiting for the Brexit? There are 5 important upcomig events next week: 1. Trump-Xi Meeting 2. Brexit Developments 3. FED: Powell Speaks 4. U.S. 3Q GDP - Second Estimate5 5. Euro Zone Flash Inflation Technical situation: As you can see, we are currently in a situation which looks like a decent correction after the impuls-phase that started in Feb.2016 and ended in the beginning of this year. Since we were violating 12.000, the market is still very bearish and could continue the joruney. Technically it`s pretty likely to see a retracement in order to create the WAVE B of wave (Y) to retest the golden and psychologically very important mark of 12.000. The market could prove it`s creed and should give us a clear direction forcing more market-players to react. We still see a double-bottom @ 11.000 with a neckline @ 11.687! If we trigger that pattern we could head to the big battlefield at 12.000 and find the path the DAX really wants to go. Remember: The seasonality is great! The years-end-rally could give us nice chances to buy the market. And as often, the END-BOSS will activate the "Rage-mode" before he capitulates! ;-D But yeah, everything CAN HAPPEN. Have a nice start into the new week! Peace and good trades Irasor Wanna see more? Don`t forgetto follow me. Any questions? PM me. :-)
XETR:DAXLong
by Trading2ez
13