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series of higher lows still in tact, higher highs broken.We are still at this moment in a continuing series of higher lows on the 4hr which is good but we've actually had 2 lower highs in between those higher lows in a row so that coupled with a new potential head and shoulder pattern leaves rom for concern. I exited my position above the t line at around 7632 and only plan on getting back in around 7821 to play it safe. I may buy back in to accumulate more btc if it dips way low but I might just wait until it reaches this point and shows that it can clear some of these sell walls. That's my current approach. Good luck in whatever you choose to do, and remember this is not financial advice only me sharing my personal strategy that works best for me.
BITFINEX:BTCUSD
by DrDovetail
Bullish butterfly pattern nn PNTV chart with target zonesAfter pointing out the pattern on twitter, I was asked where I see it going. I wasn't able to find much online as far as common targets for the butterfly pattern, other than points A and C. I used a common technique often used with other harmonic patterns to map out other significant resistance zones(drew a fib extension from point X to A, back down to X, then moved the bottom of it to point D). The XA leg added on top of point D is a common target for most harmonic patterns I've researched so far. Beyond that, the 1.27-1.68, 2.27-2.68, and so on are also common targets if bullish momentum continues. It just so happens that the 4.27 matches up perfectly with a very long-term trend line...
PLong
by tomtourettes
USOIL: WTI June 3 Trade Points For Week AheadWTI USOIL: June 3rd Trade Points for Week Ahead Good call/bad call last week here. Was looking to close out the short as the week began at around the 66.48 line and then reversed long from here looking for 69.48. A forlorn hope.The rally got as high as 68.63 before failing away to end the week 1 pip below the next key support at 65.55 - and busted out the long stop just under 66.47 for a few pips loss as it fell, before a little bear closing at the end of the week to finish at 65.69. This price action has left WTI on a knife edge, saved by the closing bell at the downside limit and in desperate need of buyers right here to avoid a another plunge to 61.92 initially. Any fall below 65.40 can be shorted using a stop above the 66.48 line to begin with looking for 61.92 initial downside..Any subsequent fall below here will signal further weakness to 60.21 and later to 58.25 as we move through the summer months Looking at upside potential from here, the 65.55-65.50 level is critical to the medium term trend. Bulls know full well this is their last stand for the summer ahead. It may well try to rally away from here but am not looking to buy it again after the pattern it's made since the last rally attempt. But it may tempt contarians...in which case please use a stop only 10 or so pips under the lows of last week and be ready to reverse short if broken. Am hoping for a good break lower here - but it may defy us a while longer yet if it can find some respite right here. If so, be prepared wait a little longer still or perhaps consider setting an alert
TVC:USOILShort
by sumastardon
1
Cloak/BTC first target 55%As we can see, cloak has broken from the 3 month long wedge. Vlume is rising up on the breakout, daily candle will be most likely closed above the breakout point and that would be the time for us to buy some. 0.0018 looks like a perfect entry. Close above 0.0002084 since today is the closing day of the weekend candle, would signify the possibility of this scenario to happen since it would be as well breakout from the huge cump and handle. I would therefore recommend cautious traders wait for that to happen. The last significant point is that Stoch RSI is just breaking to the upside on the dialy, and is already flying on the weekly. First target would be 0.032 which is measured from the break out of the handle. Then we can buy in cheaper, and go for the second target at 0.0062, which is measurment of the breakout from the 3 month wedge. In the best case we would achieve something around 250%. Play it safe, keep track of volume, and don't be too greedy.
CLong
by CryptoFlows
1
Cardano VS Ethereum, How Far UP?Cardano has bottomed out at ETH 0.00026 forming a bullish divergence on the RSI oscillator. Price then started to move up, breaking above the downtrend trendline and the 50 Moving Average, suggesting the continuation of a long-term uptrend. Considering the statistics of cryptocurrencies rising in x10 encasement, the nearest upside target of ADA/ETH is seen at ETH 0.0028, that is just over 10 times the price of the recent  bottom, which was ETH 0.00026. Also, the target level corresponds to the 261.8% Fibonacci retracement level. The x10 growth is expected during the currently starting wave up and should be the very first upside target. Break above it could send the price much higher, but it yet to be seen if the resistance will be rejected or not.
Long
by CryptoPAMM
Potential bearish breakdown of bearflag..dropped to necklineWe have tumbled to the neckline of the potential head and shoulders that magicpoopcan was warning everyone about. Many recent head and shouldrs and inverse ehad and shoulders have been fake outs but, considering an impending death cross is nearing this one may be legit...as you can see once it breaks under the enckline I'm going short with the intention of setting a stop loss a few pips above this so that if it tries to rebounc from here its not much of a loss. You choose your own aoth as this is not financial advice.
BITFINEX:BTCUSDShort
by DrDovetail
FB: Facebook Life and TimesFacebook:FB Life And Times This chart shows Facebook from it's IPO to the present. In less than 6 years FB has risen from an all-time low just under 18 to an all-time high at 195. Once or twice per year it usually makes a rough 20-24% correction - but, as with so many stocks, has not corrected properly for over 18 months now, ever since the election surprise.There's a gap on the chart at 155.5. Taking 20% off the top gives a 156 target which is also structure highs to left of price on chart, so there is a a good chance it will find support there when touched. Providing it steadies here and starts to fight at 155 it should start to rally back to 164 before it comes off again. If wrong here and the upper range of the structure to left is not strong enough to support FB come Monday, it will most likely spike lower still to test the lower end of the same structure at 145-144, offering a potential entry point with stops under 143 if we see it this week. Also worth noting: there has only ever been one violation of the long term trend line/lower parallel - for one day. All tests of this line have been longer term buying opportunities, even that scary-looking one day violation.
NASDAQ:META
by sumastardon
3
Cup and Handle on POA networkPOA network is one of the coins I am post passionate about. Also, I believe will do really well during this next altcoin rally. POA token is attractive to investors because they are a platform token with a brand new consensus mechanism, Proof of Authority. Proof of Authority, or POA puts identity up at stake instead of holdings. since everybody has only one identity, POA is very decentralized when it comes to their validators. Since other platform tokens with old consensus methods are evaluated in the billions, I believe there is huge potential for POA. Yesterdays volume was the most since the coin ICO. Since the coin went to the upside, I think this is a big indication of a rally. Also, POA is holding its short term gains very well, which shows investors are not eager to sell anytime soon. A cup has formed after yesterdays rally and i believe a handle too. The Project idea, the Volume, and the teacup pattern all indicate signs of a rally soon. I am hodling POA token for the altcoin rally, lets see where this ride takes us!
PLong
by CryptoColm
Nasdaq 100 Index Potential Trade Points for Week AheadNasdaq 100 Index NAS100 The gyrations of February have created some interesting patterns on Nasdaq. After rallying to double top around 7000 it has subsequently fallen away to create a continuation pattern under the high, finishing the week by closing at the upper parallel of what may be a bull flag in formation. For that to remain the case Nasdaq has to push on higher from here, up through the uppermost small parallel of the potential flag. And that same parallel has to hold up on the next retest from above if and when it is broken above. If it can manage this then the pattern changes from negative/vulnerable to positive. If we see it happen we can follow long again. But until we see this price action materialise this index is still vulnerable and whilst unable to burst higher from here is therefore liable to fall away again on lack of buyers. If so the next question/clue will be: can make a higher low at around the 6694 line ? - that would be first bull signal - and the second would be breaking back above the upper parallel and holding on retest (above) - if so, it can be followed long. Worth watching in the opening 30 minutes or so of whipsaw as the market opens - we may see a chance of a long emerging as the dust clears a little 30 to 60 minutes in. If so it should re-visit the highs again at 7000-7035. A move above 7045 would in turn be another very bullish signal, suggesting further medium term strength up to 7660 and nearer term strength to 7246. However, until Nasdaq can make this break higher it's still vulnerable to a potentally large sell off again. Near term support at 6775, then 6994-6687 and last gasp for the bulls from here at 6614. It must hold up here during the course of this new week if it is avoid a further and potentially steeper decline back to 6371, presenting a good short if we see it develop at any point over the next day or two.
FX:NAS100
by sumastardon
Adex VS Bitcoin 200% Growth PotentialThe downtrend of the Adex has ended at 5500 satoshi where it found the bottom and then went up breaking above the descending channel and hitting the 25k satoshi high. The corrective wave followed resulting in a rejection of the 61.8% Fibonacci retracement level, after which the downtrend trendline was penetrated, suggesting the beginning of an uptrend. Fibonacci applied to the corrective waves down after the descending channel and the downtrend trendline breakouts show the strong resistance at 44k satoshi, that is over 200% potential gain from the current price. Although the timing and the price seem to be right, the consolidation could also take place.  On a downside, daily break and close below the 12k sathoshi could invalidate bullish outlook.
Long
by CryptoPAMM
2