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Ressistance

Bitcoin retesting bottomsFriday was a great day for longs, yet today depending or your leverage it wasn't today so what happen that night and whats gonna happen heading into next week? Well we touched up to the hourly emas and got rejected once, yet bitcoin wanted some more and we tested it again as it ended up form a bearish elliot wave and now we dumped all the way to 7009, very close to 7k, but why did we go there and not get supported by the 7120 support line. Well its hard to say, yet at the place that wick closed and where it is acting as support for now is the closes back in Nov 24-29 where 7023 acted like support before going to 6.5k than rebonding acting like resistance than and flip back to support than resistance than we broke out going to 7.8k. As of writing this we tested 7023 9-10 times, sure we wicked under it, yet most of the 9-10 times we touched it or held the position. Atm it looks like another double bottom and begining to wonder if we creating double bottoms to just pump than start dumping agian, will be interesting to see. So bearish or bullish? Bearish outlook is in favor, yet has some mix views with bullish ideas. Bears - only 6,900ish for the long term downtrend at 14k. only a $100 move and if that line becomes resistance well not good. -Testing the psychological support of the 7k will be a hell of a fight -Below hourly emas Bulls -Still above the long term downtrend line and above 6.5k creating a uptrendish -7023 holding as a support and we touched so many times already could be a buy signal -The hourly emas are rougly at 7153, which we have broken bullish above those prices last week -Longterm downtrend channel top sits at 5400, gets smaller everyday I would recommand staying out of leverage trading cause if we break 7k we could drop to 6.7k, which depending on your leverage you get screwed, yet I'm taking the other end of the sword giving myself more wiggle room to play with incase its a fake out.
COINBASE:BTCUSD
by nathanielx9
Trading levels for 5/30/2018Hello guys, here are the keys levels for trading on Wed, we had a couple of trades on Tuesday, you can check those trades in the comment section of our last post. Moving forward we had a lot of selling pressure throughout the day but bulls took over at the end of the day. As i said yesterday be careful when taking trades from these levels. Also, we saw more weakness in the ES and the YM, therefore we have a bearish bias for trading on Wed, but as i always say, things can change really fast overnight. PLAN YOUR TRADE AND TRADE YOUR PLAN K.R.S.
CME_MINI:NQ1!
by UnknownUnicorn253835
Trading levels for 05/29/2018Hello guys, i hope you had a great holiday, but it is time to go back to trading mode. On Friday we took a trade from R1 and it worked really well, our trades are posted in the comment section every day. Moving forward we are sitting in a key zone (7000 - 7015), we have to be careful when taking trades at/from these zones because you can get stopped out very easy. We will keep an eye on the overnight performance of the market, so far we are biased to the upside, but things can change very quickly. PLAN YOUR TRADE AND TRADE YOUR PLAN K.R.S.
CME_MINI:NQ1!
by UnknownUnicorn253835
BTC – did we start the rally?Hi Guys! Thanks for watching us. Here we are again with our fresh view. As we predicted in our previous analysis (BTC – signs of improvement - don't worry - we will get there! – down below ) we have no supply now. Within last 4 months 70% of all trades were between 7300$ and 10 000$. It means we have new investors who bought BTC within mentioned range. They won’t be willing to sell it. They wait for the price rise. We think this is happening right now. Here is what we see. On 4h chart we can see big green bar – the biggest since 14th of May. It is reflected on Weis Wave chart. 2nd bar is much bigger than the previous one and still there is no supply – no one is selling right now. VERY GOOD INFO. PRICE SHOULD INCREASE. We marked couple of resistance lines. 1. 7224$ - resistance broken 2. 7400$ - resistance broken 3. 7527$ - resistance to be broken 4. 7990% - resistance trend to be broken 5. 8280$ - resistance trend to be broken 6. 8600$ - 8800$ - resistance zone – when passed this we are sure we will attack 10000$ Guys and girls – observe these levels and act if necessary. By now we say HODL! Thank you for all support. You are the reason why we are making this. If you like our job give us a like. Do not hesitate to comment. We are very open and value your contribution! If you don't want to miss out updates don't forget to follow us! HUGS! WBM Team.
BITFINEX:BTCUSDLong
by WBM_Team
The 3rd waveAt the moment, we are seeing how our pair continues the downward movement and reached a new level of resistance. The daily chart clearly shows that the pair has already slowed down near the level of 1.1735 and is now close this level. However, we expect that the 3rd wave may be stronger than the first and the pair will not stay too long at this mark. Therefore, we believe that we should take short positions with a SL of up to about 100pp, while the TP should be set closer to 1.15
Short
by SuperForex