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We had a great week here too! GL for who's still in PLTR! 😁And we finish this week with 16% gains on PLTR! Not bad for a week! Now I sold it at the 24 area, as we already have been planning since last week. Why did I sell it? First, it hit the target, the previous resistance. Second, the RSI was too overbought in the first 30min candle, around 90. Third, it hit the target by doing a huge candlestick, and usually this means we have an exhaustion bar. We see better the resistance at 24 in the 4h chart. And the RSI was pretty overbought as well. Now, PLTR left some huge wicks above the last candles bodies. All of this triggered a warning sign on my head to book profits. We’ll see what to do next week. I don’t see a short opportunity, but if it drops to the 21.93 or 20ma and does anything good, we might buy it again. Anyway, I'll keep updating you about my insights on PLTR. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:PLTR
by UnknownUnicorn21312077
15
QTUM/USDT Update: Targets reached. What's next?Qtum had great news over the last week like partnering with Travala, launching a venture captial group in Sweden and the hard fork on April 30. That's why all our targets were reached and we did take at least partial profit. Now we see a retracement from a spike and are likely to see some support around 22-23$ which was the last resistance line. It also falls together with the 0.5Fib and a bullish rejection there indicates more upside movement. Looking at the all time charts we see that 60$ is still a previous ATH as well as 100$ for spiketrading. Currently we expect some consolidation before the next leg up. But the ground layer is set and Qtum can look into a bright future. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
3
Bitcoin's next move: Rise or Fall? Hello Everyone, I wanted to make a post about my current opinions of Bitcoin. Although I am a bull, I do believe bitcoin is overdue for at least one red month or two and we are starting to see signs of market exhaustion. With what seems as if every large financial institution and tech company is investing in bitcoin, why do I think this? Well, the market is still an algorithm. People are people and need to take home profit to support themselves. Some people have held since $20,000 and may want to take some profit. These types of things will trigger a sell off. Let's also not forget about the technicals: 1. Bitcoin's monthly, weekly, and daily charts are showing bearish price action with volume going down as price going higher. This could also be known as market exhaustion. 2. Bitcoin has failed to close a daily and weekly candle above $60,000. 3. Bitcoin continues to fail to close above our "Heart-line" which is the dotted line in the middle. Rejection could lead to another sell off. 4. Bitcoin has yet to bounce off the weekly 20MA or 50MA which it did several times in the 2017 bull market. 5. RSI is showing bearish "tops" as we are moving higher in price and lower in RSI. 6. MACD is showing clear waning buying momentum or possible exhaustion on the weekly and daily charts. Now, with all of this said, these are the technicals. Volume could come in and we could pump to considerably higher price points. We could just consolidate between $50,000-$60,000 for a while. But in my opinion, if volume does not start to come in, we will not hold above $60,000 and honestly a 15-25% correction would be very beneficial and healthy. I am personally waiting to DCA on a large dip. My buying targets are: $45,000, $50,000, and $55,000. Please leave a thumbs up if you liked the post and comment your opinion below. As always, be patient, use risk management, and good luck trading.
COINBASE:BTCUSD
by RomanXIV
2
I took some profit on Bitcoin. Here's why.Hello Everyone, Happy Saturday. This post has been posted twice now due to some technical difficulties so sorry for the delay. I decided to take some profit on bitcoin today around $58,500 as I'm up over 25-30% on some of my buys and after taking some time to look at charts I think we may see a 5-10% correction down to 54-55k. Here's why I think this: 1. I believe we are forming a very bullish pattern (inverted head and shoulders ) on the daily time frame. We would also bounce perfectly off of the 50 MA again. Every correction we've had bounced off the 50MA before continuing upwards. 2. Our Daily MACD buying momentum and crossover was fairly weak. This indicates bulls aren't as strong as they need to be. 3. The 4 hour timeframe has closed outside of its current trading channel. A new trading channel is going to form. 4. the 4 hour MACD is gaining selling momentum which is a short - medium term bearish signal. 5. Price action is looking like we could see a small downside as price is slowly drifting up as volume is drifting down on a 4hour chart. This is a bearish sign. 6. We are in a descending triangle pattern which we retest the top portion of the triangle (after breaking out) 60% of the time). This still makes us overall bullish! Now when I said i took profit, i did not sell everything. I left a large amount in just in case we do continue upwards. Which, ultimately i think we are going upwards longterm. Afterall, we are in a bullmarket. Also, my previous buys were below 51k so I figured i was comfortable with taking some money off the table. If you were one to enter somewhere between $57,000-$59,000 I believe you have nothing to worry about, depending on your time frame. We are still in a very bullish market overall. Just stick to your plan and be patient. Remember, there is a lot of volatility in crypto and things can change very quickly. If you have not entered, this might be a great opportunity to enter. Buying the dip is a great way to start a DCA strategy or even a new swing trade. Hopefully this analysis helps some of you. I am not always correct but i do believe we could see some short term pullback to the 54-55k area validating the inverted head and shoulders . Please leave a thumbs up if you liked this post and comment your opinions on what you think! And as always, manage your risk, stay patient, and good luck trading!
COINBASE:BTCUSD
by RomanXIV
I took some profit on Bitcoin. Here's why.Hello Everyone, Happy Saturday. I decided to take some profit on bitcoin today as I'm up over 25-30% on some of my buys and after taking some time to look at charts I think we may see a 5-10% correction down to 54-55k. Here's why i think this: 1. I believe we are forming a very bullish pattern (inverted head and shoulders ) on the daily time frame. We would also bounce perfectly off of the 50 MA again. Every correction we've had bounced off the 50MA before continuing upwards. 2. Our Daily MACD buying momentum and crossover was fairly weak. 3. The 4 hour timeframe has closed outside of its current trading channel. 4. the 4 hour MACD is gaining selling momentum which is a short - medium term bearish signal. 5. Price action is looking like we could see a small downside as price is slowly drifting up as volume is drifting down on a 4hour chart. Now when I said i took profit, i did not sell everything. I left a large amount in just in case we do continue upwards. Which, ultimately i think we are going upwards. We are in a bull market afterall. Also, my previous buys were below 51k so I figured i was comfortable with taking some money off the table. If you were one to enter somewhere between $57,000-$59,000 I believe you have nothing to worry about, depending on your time frame. We are still in a very bullish market overall. Just stick to your plan and be patient. Remember, there is a lot of volatility in crypto and things can change very quickly. If you have not entered, this might be a great opportunity to enter. Buying the dip is a great way to start a DCA strategy. Hopefully this analysis helps some of you. I am not always correct but i do believe we could see some short term pullback to the 54-55k area validating the inverted head and shoulders . Please leave a thumbs up if you liked this post and comment your opinions on what you think! And as always, manage your risk, stay patient, and good luck trading!
COINBASE:BTCUSD
by RomanXIV
2
My Targets for Bitcoin. Where to take profit. Hello Everyone, Recalling from my last post, I had given my analysis on where I believe bitcoin is headed. Again, I believe we are headed up. The biggest indicators being the Inverted Head and Shoulders pattern on the 12 hour and the MACD cross over with waning selling momentum. So what are my targets? For a conservative target, I believe we will see somewhere around $64,000 before either another leg up or a move sideways. This falls in line perfectly with our Fib Extension and our current Ascending Triangle shown in yellow. If we break this triangle and continue upwards, I believe $84,000 is our big target before we have some more correction. $84,000 falls in line with our overall trend line (shown in green) and our Fib Extension tool. The green line has been consistent which when touched led to a correction. I wanted to keep this one short and simple for everyone today. Please leave a thumbs up if you agree or comment any price targets you have in mind. As always, manage your risk, be patient, and good luck trading!
COINBASE:BTCUSDLong
by RomanXIV
4
HIVE/USDT Update: All targets are fully reached >450%HIVE just spiked and did reach our last target set at 450% from our entry. So enjoy and and have fun. Basic rules: - Never buy the top/ATH - Take profit as long as you can - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
by tumbler55
SHORT BTC to $36,600 Part 2Part 2 of why I am shorting BTC to at least $36,600 . The last run up to 38,900 was a Hunt to get shorters liquidated. Basically a stop hunt and now it's over and there no more volume and no interest in pushing above the 38,500 to 38,900 range. If we get a close with high green volume above $38,700 then I may be interested and will certainly watch to see what kind of volume comes in if we do but I think that is about 10-15% chance of that happening. I feel very Bearish and can see a profit taking zone where they only slightly pump to that zone to take profit and sell all the BTC that Black Rock in particular bought up during the pump from $32,300 to $36,000. Blessings everyone and Trade safe!
BITSTAMP:BTCUSDShort
by FLASHGORDON10
1
SHORT BTC Because I see profit taking happening.So all the volume that gave us days of awesome profits is gone and now all I see is big money selling off the BTC and taking profits with series of small ABC's and they are trying to create an illusion that we are holding here but I know another big DUMP IS COMING!!! If we dont close above 37,400 then they are going to go deep. Only if they were to close above that level and then follow it with buying volume and a close above 37,700 and then follow that with a close above $38,400 would I think about going long. I am short heavy on this because I know I am safe with 25X on my second short since the wave collapsed. My first short was from 38640 with 100X and then I opened at 37,892 and that is my current position and will let it ride to $36,600 and then if I still see super bearish moves like i have all day today then I will stay in to $35,300. My thoughts are the Asian open will load money and crash it down. I could see this downtrend going to 34K easy and actually my lowest Target is $17,300
BITSTAMP:BTCUSDShort
by FLASHGORDON10
3
DNT never thought it would amount to much when I bought in 2018Cashed out a decent chunk of my position, small numbers on Binance, but hey, every little bit of BTC helps, and it's nice to actually score a profit on an Alt. Still long for the moon on all of them, but I don't kid myself with any of them...Even BTC might one day...nah, don't want to finish that thought. Better to shave a little and collect more BTC because we have seen it before where the alts (with the exception of ETH) have fallen by the wayside and been left for dead. The argument for holding some alts is powerful as they can make amazing gains, but unless you are on top of things almost 365/24/7, you can wind up holding bags and bags of worthless vapourware tokens in relation to BTC. Because I manage more than a crypto portfolio, I can personally ill-afford to take side-roads on the crypto/btc journey, especially when I haven't dealt with this world in over a year. Last 2 Months have been a learning journey. One thing I miss though is leveraged trading on Bitmex, but not allowed in my jurisdiction, so I play around with alts and also making use of DeFi (staking, AMM, savings pools) for now. Things have changed since 2018 when I started here. As for Technicals here, previous resistance might provide support if the dump is not too hard, and hodlers of DNT might be richly rewarded with more gains in the future.
DLong
by JJMa
GBP JPY - ride the wave downHello analysts and traders, We have a long term sell in play - the reason why is end of the month and positions are manipulated in order to create tops and profit take. is there a looming supply in which the supply and demand imbalance has created with retail traders still hoping for further longs? Or are August September going to be safehaven assets? Quick technicals; - Channel has formed nicely - - Bullish GBP and still a strong Yen . - Awaiting a nice rejection of the supply mid channel or top of the channel. - Fibonacci - retracement almost at 50% monthly. - Price on the wider timeframe keeps showing a great wave pattern to the downside. Fundamentals - Brexit deal looms and trade deal around the world for the US needs to trigger a large response. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes. Thanks, Team Lupa
Short
by LupaCapital
That's it, I'm out! Thank you!Hello investors! Yes, ETH did a weird candle today, very bearish and with high volume. Now I’m out, as I’ve already told you that I would only sell my position if the price close under this green line in the hourly chart. It seems it will continue to go up though, but in any case, I booked my profits here. We’ve been long since May 13, and this trade gave me about 10% profits. Also, the link to my call on this trade is below, as usual, and I invite you to follow me to keep in touch with our trades and analyses, I’m sure you’ll find something useful. And congratulations for those who did catch this trade with me! Another battle won, my friends! Ok, now ETH is back to the green line, and if this is just a pullback to resume the bear trend and hit the black line again, I don’t know. Let’s see the daily chart: ETH hit a resistance zone, and now the bulls are struggling to pass through this point. If you think about it, a pullback to the 21 ema would be very good imo and would allow the bulls to take a deep breath and gather the strength they need to resume the trend. In this case, I would buy again! In any case, there’s nothing for the bulls to worry right now, and the trend is still bullish. Any drop on the price will be just another opportunity to long again, until the trend reverses. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
COINBASE:ETHUSD
by Nathan_The_Finance_Hydra
4
SWKS Bending TrendA commonly missed trendline pattern is the bending that occurs in a momentum trend as buyers begin to disappear. Profit-taking by professionals can create a sudden surge of selling, which can easily drive price into a retracement or correction. Speculative price action is riskier to enter at this level as the runs are shrinking. SWKS may have more speculation but this is an expert level for a trade, and is not suitable for a new or novice trader due to the risk factors.
NASDAQ:SWKS
by MarthaStokesCMT-TechniTrader