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USDCHF - Position Outlook - W1Looking here at the Swissy, a pair not long added to my watch list, I'm already short USDCHF from the open earlier today. For me the this could perhaps be one of those times where the fundamental analysis and the technical analysis seem to match up rather nicely. IMO the USD will continue to weaken over the coming weeks, and paired with a nice rejection candle from the underside of the 'recently' broken monthly trend line, leads me to be looking for further downside in this pair. If we continue to see this play out as above, then I'd be looking for targets in and around the area of the yellow/orange horizontal line on the chart. As you can see we broke above the bearish weekly trendline from 2017 once before, and I would like to see another test of this from the other side to see whether or not it holds. As the trade war evolves as well, the Swiss Franc could benefit from some more risk off type of trading environment. As always lets see how this plays out.
Short
by bmck1
Position Long From Weekly Fibonacci Support USD/CADSince the rally of late-June, the USD/CAD has been consistently falling. BoC tightening and WTI crude values have been primary reasons behind the move. As a result, several key technical support levels are coming into view. The 38% Fibonacci retracement of the yearly range (1.2950) is a fantastic place to go long in the USD/CAD. This will be a make-or-break area for this market. If it holds, a return to yearly highs are likely in the cards for the fall season. Here is the trade: 1)Entry: Buy 1.2960 2)Stop Loss: 1.2894 3)Profit Target: 1.3092 4)Risk vs Reward: 1/2
Long
by FXLeaders
[May 24th /BITMEX] Bitcoin Trend Analysis - 7260/7700 My last analysis was correct and we made huge profit guys! Cheers! Today, I gonna show how the trend will work. Let's simplified it. If the red support wall will break out, Bitcoin 0.57% price can be re-entered 7250/7200 over 70% possibility. If the red support wall won't break out, it can try to break 7700/7850 resistance wall. Position (with conservative sight) Short: 7560/7700/7860 (x 10-25 leverage) Long: 7340/7260/7100 (x 5-10 leverage) Open orders: 6700 long, 8148 short (worst case for bull/bear both side) So far, I would say the red line is more realistic than the green line. Bulls are trying hard to break out the 7600 wall, but it is still not that powerful. Lots of people and my friends asked how Bear always win the fight. I can confirm that one bear whale is equal to three bull whale. Think about it. Buy 1000 bitcoin 0.57% can push up 200/300 points, otherwise, Sell 1000 bitcoin 0.57% can drop 400/600 points If I am a whale, I prefer to throw away and buy again and throw it again. Because I can still make a huge profit. I know someone doesn't like my opinion, but be realistic. Ants CANNOT beat the whales. We have to follow their way to survive and make a profit. I hope you guys have a great day.
BITMEX:BTCUSD.P
by UVS_FX_Trade
[May 18th/BITMEX] Bitcoin Trend Analysis $7683 - $8270/8500/8700Hello, guys. Sorry to postpone to upload it. In the morning, I wrote down it but I accidentally close the chrome. I was just mad XD. That is why I upload it now. 1. As you can see, the chart shows that it is still bearish . Today, I assume that it gonna be dropped til below 8050/7670 2. However, so far, I would say 60% confirmed below 8100 20% confirmed below 8000 15% confirmed below 7900 less than 5% confirmed below 7800 3. Long position; open orders $8050/7950/7850/7600 (~x15) Short position; Closed once Previous position $8270 and close $8181 Current position open orders $8230 and will close $8100/8050/8000 4. Reasons; 20/50/120 EMA lines are now resistance line. BB avg line, +1 line, +2 line are now resistance line as well. Need to push up to at least $8321. If it won't happen, it gonna dropping more. So far, this chart is working properly and my friends make a profit (a little of profit; maybe more ;) ) They told me that they won't trade today anymore and gonna go to pub XD If you like this post, please comment or push the like button If you wanna play on BITMEX, register through it; www.bitmex.com Thank you so much! P.S. If you do not disagree, please comment it. I like listening all kinds of opinions. Have a great day!
BITMEX:BTCUSD.P
by UVS_FX_Trade
BTC to bounce back UP above Overall Trendline?After the last Up squeeze, BTC/USD is currently moving on a relief (retracement) movement. It respected perfectly 8355 pivot level (resistance) to bounce down and now is about to face the Overall trendline which can be considered now a support level (was a resistance). If it can bounce back up from the Support level (around 8150) I would definitively take a long position with a tight stop Loss. (Manage risk before all) If it never reaches back 8150 level, then no trade Timeframe 4 hours MT Alberto
COINBASE:BTCUSDLong
by KarySah
BTC Analysis - Some Advice on Trading Risk/Position SizingG'Day Cobbers, Bitcoin is looking strong this morning and even opened outside the top of the rising wedge, we hit $9700 before it stalled and people started to take some profits, we should see some correction but with FOMO, it wouldn't surprise me if it continued on unabated. For the first time since near the ALT we have had a decent crossover back above zero on the TSI, last time it skimmed but fell was the last trap at 11500. RSI is sitting at 68 but still has plenty of room to rise and MACD is looking positive. We have broken into the cloud in the ichimoko cloud. We can look at 9521, 9282 and 9082 as support and 12945 is the top of the cloud, if we are to play a complete cross through the cloud as a trade. A little note for those new to this, The biggest problem I find is that new traders with little to no experience come on tot TV looking for trades or signals and not to learn. They don't seem to understand that important lesson, of having a trading plan. Wins and Losses are all part of success and when we trade it is within defined risk limits and position size. That way win or lose it does not matter, it is all a matter of probabilities and if you believe in your strategy and have a well-managed trading plan, even if your odds of winning are 5.1/10 trades you can profit. I always tell people who come to me looking for advice, don't blindly follow anyone on TV or Twitter, never trade on anyone else's calls with prior research and always trade within your plan and most importantly invest your time in study before trading. Feel free to come to me for advice, that is why I post here, but don't come looking to blame anyone on TV if you trade on a post and you lose money. Plan Example: Equity Size: $10 000 Risk: 1% - 2% max per trade (Risk does not equal position size on each trade but how much you are can lose on each trade) Reward Potential (Entry and exit ) Placing Entry (support) Exiting (Resistance) Placing Stop (this is what defines your risk) Now once you have found you trade deciding your position size will be defined on where you can set the stop, it needs to be in a place that will not get stopped out too easily, if it is a long term trade it will need to be set wider and crypto is very volitile, you want to also set it in a place that you can say to yourself, okay I got that trade wrong and move on, otherwise you end up just setting the stop again and you will continue to lose the trade. So your risk is $100- $200 maximum, if you want to place a $1000 position, you need to get your stop at a spot no further away than a $200 loss, if it needs to be set further away than that, you will need to lower the position until it fits your risk %. I read in Trading in the Zone a perfect analogy, think of your position size as a bridge over the grand canyon, a small position is like a freeway bridge, nice and wide and safe, with plenty of room for error. A large position size is like a tightrope, with no room at all for error and the slightest swing could have you tumbling to your death. I hope this helps a little,
BITFINEX:BTCUSD
by TroyByrne
11
GBPJPY - Position Outlook - Bears on the prowl again?Taking a step back from the intraday/intraweek stuff here and looking at a longer term position idea on the GBPJPY. If we close out this weekly candle below the trendline then I would be looking for this pair to continue on a bearish move towards the potential target area on the chart between the 50% & 61.8% fib levels. Righ where we intersect with a monthly trendline as well. Pair this with the recent bearish divergence on the RSI and I'm liking the short side of this pair over the coming weeks/months.
Short
by bmck1
Pure Price Action Analysis on Bitcoin and Possible BreakoutTo determine how the Market Maker has been playing in the market, I've decided to use pure price action analysis. The triangle used is just for a visual representation on levels for breakout. What I want to emphasize on here is the price action; you can see that during the previous downside from 20k to 11k, there was a lot of squeezes and a battle between the shorts and longs. A lot of stops were being hunted by the MMs (you can check this out for an even clearer illustration on the Bitfinex chart where most of this happened). During the previous downside, the extreme stops (12,500 range) were targeted two times until it opened the possibility a momentum breakout trade. In this downside, Bitcoin just experienced a similar move where the extreme stops were hunted two times. (10,000 range) What can you do? - Be very patient, a breakout should always be confirmed by a retracement so you guys can confirm an entry position. - If the breakout fails, an even stronger down move may occur where you can put stop losses at the 9285 level (the lowest price level it got to/the wick). Downside target could be the 1.618 level just like how the the first downward move played out. Follow me so you get notified for more updates from me. I focus on market cycles of cryptoassets, position and momentum trading. Good luck! Contact me at www.twitter.com
BITSTAMP:BTCUSD
by supremedev