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BTC/USD short selling opportunityThe BTC/USD pair has been in a downward trend for the last few weeks, as it has dropped from a high of 23041 to its current level of 22983. This downward trend has created a good opportunity for bearish traders to take advantage of short term trading opportunities. The current bearish trend has been driven by a combination of negative news, rising volatility, and low demand. The possibility of further drops in the BTC/USD pair is high, with some analysts suggesting that the pair could fall to a low of 21000 in the near future. In order to take full advantage of this bearish trend, traders should utilize short term trading strategies such as scalping and swing trading. These strategies involve entering and exiting trades quickly to benefit from small, short-term movements in the market. Traders should also be sure to monitor the news and any economic data releases that may affect the market, as these can have a significant impact on the price of the BTC/USD pair. Overall, the bearish trend in the BTC/USD pair has opened up several short-term trading opportunities, with some predicting the pair could fall to 21000. Traders should take advantage of these opportunities by utilizing short-term trading strategies and closely monitoring market activity.
BITSTAMP:BTCUSDShort
by SherSHAA
1
DODGEUSD POC Support| .618 Fibonacci| Price Action| Trend Evening Traders, Today’s analysis – DODGEUSD – trading in a local uptrend, a pullback will allow for a higher low entry Points to consider, - Price Action Impulsive - POC S/R Support - Bullish OB Support - .618 Fibonacci Support DODGEUSD’s immediate price action is trading in an uptrend where a pull back into the POC will allow for a bullish entry. The POC has technical confluence with the .618 Fibonacci and a Bullish Order Block, giving it significance. The immediate will be the current swing high, exceeding this level will lead to another analysis being required. Overall, in my opinion, DDGEUSD is a valid long at support, invalidation is multiple candle closes below the POC. Hope this analysis help, thank you for following my work, and remember, “Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.” ― Yvan Byeajee
BINANCE:DOGEUSD.PLong
by AzizKhanZamani
2
SPY - basic strategy review for big profits Some of the top strategies I use. But I finally narrowed it down to using only specific one extremely profitable setup that I am currently running sea trials on. More on that below. "Support and Resistance Bounce" This strategy involves buying when the price reaches a level of support and selling when it reaches a level of resistance. The 21 moving average can be used to identify these levels by looking for instances where the price has bounced off the average in the past in confluence with the S/L level - Use Fibonacci retracements or trend lines to identify key levels of support and resistance - Look for divergence between the price and an oscillator, such as the Relative Strength Index (RSI) which could indicate a reversal. “Breakout through Support or Resistance" This strategy involves buying or selling when the price breaks through a level of support or resistance - Look for a high volume of trades at the point of breakout - Looking for a bullish or bearish candlestick pattern at the point of breakout "Moving Average Crossover" This strategy involves buying when the 21 moving average crosses above a longer-term moving average, and selling when it crosses below. This can be used to identify changes in the trend. - Look for a bullish or bearish crossover of the moving average convergence divergence (MACD) indicator - Look for a bullish or bearish candlestick pattern at the point of crossover as confluence. Candles are a language. Become fluent in candle psychology and you will learn how to win. "Trend Following with Moving Average" This strategy involves buying when the price is above the 21 moving average and selling when it is below. Larger gap equals more momentum. This can be used to identify the overall trend of the market. - Look for bullish or bearish divergence between the price and an oscillator, such as the RSI - Look for a bullish or bearish candle pattern at the point of entry either above or below moving average. Pin bars are my favorite! Pin up off of moving average when above calls. Pin down when below puts. "Support and Resistance Reversal" This strategy involves buying when the price reaches a level of resistance and then subsequently breaks through it, or selling when the price reaches a level of support and then subsequently falls through it. This can be used to identify potential reversal points in the market. - Looking for a high volume of trades at the point of reversal - Looking for bullish or bearish candle pattern at the point of reversal - Use the Relative Strength Index (RSI) to confirm the overbought or oversold conditions - Watching for other indicators for example Bollinger Bands to constrict showing consolidation before reversal. Or my favorite strategy of all is this: No indicators. Gap fills off of key levels. Just price action alone. Area of value with close stops equals low risk trades with high profit potential. Trade safe! Have fun! Like, share and follow for more!!!
AMEX:SPY
by Verum0
1
SPY - kung fu chop the chopIn review. I see a lot of people complaining about "chop" lately. These are not the people to be following in my honest opinion. There is opportunity in all markets it is just a matter of risk management and being able to navigate the choppy waters. Circled some of the opportunity I took in this "Chop" A week in review these are some of the best trading days I have had. Sometimes the easiest trading is done in chop but you have to be patient and let it come to you. Don't let the chop push you off course. Stick to your trade criteria and navigate accordingly. You just need to be patient, post your lookouts, and be ready to sound the alarm to enter the right trade. Set alerts off of great areas of value so you don't have to spend the entire day staring at the screen. Trade safe have fun!
AMEX:SPY
by Verum0
SPY zoom outI am neutral on SPY until I see price action but leaning towards short.. filling out the channel. This can go two directions right here as we see quite a but of support and resistance along each trendline. Anyone who tells you otherwise is lying to you.. Tests of upper trend line show high level of resistance in overall downtrending market however we see support along lower trendline. Last candle on the daily I set alerts for breaks above and breaks below and then look for an entry. I will likely stay out of the market this week looks like a choppy one.. Good luck have fun trade safe cheers! Follow and like for more! Comment your thoughts and ideas below!!
AMEX:SPY
by Verum0
2
NFLX long if above 322As you can see by the chart trendline of wedge was broken. Long wicks circled by ellipses indicated bullish at resistance but it broke back down to take out the stop losses set by many who were anticipating a breakout. Re confirmed back above trend line with new wicks ellipses and retest for breakout to fill gap around 330. I will enter longs if above 322. Otherwise I will expect a breakdown to fill out rest of wedge from previous idea post. Cheers!! Trade safe have fun! FOLLOW ME ON MY JOURNEY FROM 1K TO 10MIL!!
NASDAQ:NFLXLong
by Verum0