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Retrace

NZDCHF Sell IdeaD1 - Special or triple cycle completed, currently it looks like a retrace is happening. H4 - We have two critical zones that has formed based on the fibo retrace and fibo expansion levels of the cycles. Price has reached the first critical zone, we have bearish divergence, until this critical zone holds, we may look for more evidences of bearish pressure and then start looking for sells. If the price moves higher then the next area to look for bearish evidences would be the second critical zone.
Short
by VladimirRibakov
Bitcoin - Weekly update for Sunday June 30th 2019Good morning my fellow Bitcoinistas! I know the weekly close is over 12 hours away but I wanted to go ahead and put out my weekly update so you have the information in advance. I'm going to try to keep this short, to the point, and just hit the high spots. I will add a link to last week's update for anybody not following my work that wants to see the previous updates and how deadly accurate they were. :0) I think we close this week with a green candle, but it will be setting up next week for possibly a red candle. It seems we have exhausted our momentum for the time being and some technical issues need to be addressed before we go racing higher. To whit, there is still a CME Gap down around $8500 that is begging to get filled. Also, the 20 week Moving Average (orange dotted line) is begging for a test for support. The baby blue zero line of the Fib-Channel may need to prove its support one more time as well. Everyone is screaming to go higher, therefore it may be time for a pullback (psychology) etc. etc. In short, the market needs to take a break to satisfy multiple issues. The good news? I don't think the pullback will last more than a few weeks if that long. It is only 3 weeks over to the 20 MA line, $8500 Gap, and baby blue trend line. A perfect trifecta! Does it have to take that long? No. We could have a flash crash today, next week, or anytime between now and the targets mentioned. It is not so important as to when the gap is filled, when the 20 MA is tested again, etc. Its just a matter that these things do happen. For those of you following my posts you know I sold about 40% of my long position the last couple days to pay off the rest of the other 60% of my long position. My trip to the moon is currently FREE and I now have the cash to buy more carry-on luggage if the price is right. :0) At any rate, let me wrap this up. I hope I didn't miss anything. If you study this chart for a minute I think you will see why we are going to pullback a bit. The long wick type candle forming this week, how it pierced the 0.236 Fib line and retreated, the gap that needs to be filled, support that needs to be retested. THE 40% CORRECTION everybody says we need, etc. All these conditions get met if we go down to at least the $8500 area. If we do see those prices, I don't think we will stay down there very long. Have your orders ready if you want to add more BTC because it may be the last good opportunity under $10K. (In your life time) I firmly believe this. Once these technical issues are satisfied the price will take off again. If people miss it they will lament about how they woulda, coulda, shoulda, backed up the truck on this next dip. But I say you're either ready or you're not. You either have a plan or you don't. For those who don't like to trade, now would be a good time to setup a dollar cost average plan. It's still a plan. Just buy x dollars per week, month, etc. and walk away. It doesn't get any easier than that and the future rewards could be tremendous IMO. The potential gains a year from now are ridiculous! At any rate, these are just my thoughts and opinions, not advice. Everything could play out as I expect or none of it could even come close. Do your own research and study the charts, news, technical indicators, etc. etc. so you can make an informed decision on what steps you want to take next. No matter how you play this crazy game I wish you the best of luck. BBS out!
COINBASE:BTCUSDLong
by BitcoinBearSlayer
4
$14,000 - REJECTION OR BREAKOUT? UNBELIEVABLE MOVE TO HIT BTC!Bitcoin has pierced through every single resistance level without considerable cool down and retracement. The 0.618/($13,500) retracement level is the last level to be conquered. If we break through this level then prices like 20,000, 25,000 or even higher are probably due to the fact that the market is in an extreme parabolic phase and does not care for any indicators. The top is indefinite and calling it is unbelievably difficult and extremely risky in these phases.. Resistance is very low above 14,000 and if the major levels such as 6,000 and 10,000 were completely obliterated without question or looking back then the same is very likely for 14,000. It is clear that resistance isn't something that the market realises or acknowledges right now. FOMO and aggressive whales have bought up the market way further than it needs to be for a sustained run. The current state of the market is unhealthy and could end badly. It is safe to say that the prior bear market exit was healthier and more orderly allowing for the more sustained price action. The Trading View community is full of greed and exuberance. This is quite symbolic of the 2017 bubble before it burst and capitulated over 85%. The market is dangerous at the minute to say the least. As a result, this may be either one the craziest sell-offs or price surges/parabolas ever in the history of Bitcoin given the price action in the short period of time it has occured. My thoughts are that we will see one of the craziest sell off's Bitcoin has ever seen and I look for a minimum 40% correction before re-evaluating the state of the market.
COINBASE:BTCUSDShort
by JayanVarsani
13k Retrace ScenarioAssuming we are at the end of a wave 3, here's an idea of a scenario where we retrace now, and reach a modest 25-30k at the end of the year. Alternatively, it would not be super surprising if Bitcoin instead rallied directly to 17-20k. From 20k, a .618 retrace would land us at 9.7k. My current feeling is that this rally is a strong but short-lived one, due to the lack of media attention and hype that the Dec 2017 bull run had. I do not see an alt season coming just yet. Credit to Cryptosomniac for partly inspiring me this idea.
BITFINEX:BTCUSD
by Gajoo
EURJPY - Long trade Idea - and potential for higher moveHello all Following EURJPY make great moves in the last 24 hours, I am looking for the pair to head higher The pair have now retraced to dynamic support which was resistance. (in the down trend on the left picture) On the right picture I have dropped down to alower time frame to show where I would be looking to enter if it starts to cycle higher and a bullish candle is printed here. I'm looking to take multiple positions if it does start to cycle higher. Thanks for looking at my trade idea Duncanforex.com coming in 9 days. You're welcome to register now your interest Cheers Duncan
Long
by UnknownUnicorn483829
Bitcoin: Failed High Hints Toward 8500 Or Lower?Bitcoin continues to linger above 9K while the 9500 reversal zone boundary is still in play. As I constantly remind our followers, short term timing strategies like swing trading rely on probabilities. We measure these probabilities in the form of price patterns and levels. When price reaches a reversal zone, and does not take it out, there is a greater chance of a failed high formation. A failed high is a variation of a double top. It occurs when price goes slightly higher than the previous high (in this case the 9K area) but not much higher. This type of price action lures break out traders along with those who don't know any better. Buying highs works until you get caught and since the majority of the herd has no way of defining their trades, they let hope take over instead of getting out with a small loss. Based on our perspective and process, the risk of retrace continues to be greater than the short term potential reward at this point. Although we remain long term bullish, we have NO PROBLEM standing aside and WAITING for a correction of a larger magnitude to unfold. If Bitcoin does not correct here and finds the motivation to squeeze higher, we have NO PROBLEM letting it get away. Why? Because we run multiple strategies and own inventory with an average price of 3900. Risk is what governs our decisions, not action, the need for attention or even profits. A larger magnitude correction at this point can take price back to the 8500 level, or even the 8200 to 7800 area. This would be a normal and healthy retrace, while an extreme pull back would be the 6700 area. It is important to understand that even though we anticipate a correction, we don't expect it to be overly dramatic and instead are looking for a "corrective consolidation". Why? The broader trend is bullish and corrective movements tend to be more on the slow and flat side, not harsh. The primary objective of our swing trade strategy is capital preservation. It is this focus that has allowed us to build a consistent and profitable long term performance. This means it is the rules and guidelines that we follow that generate a positive outcome, NOT making up trades for the sake of being "in the next move!". This also means we may not have a trade idea for a week or two. People who do not understand this will eventually learn a harsh lesson from the market, just as we did when we were inexperienced. The environment we are seeing right now is perfect for day trading and in order to capitalize you REALLY need to understand the difference. Day trading allows for tight stops (along with tighter targets). This means if things turn fast, your exposure is much more limited. What new traders do not realize is day trading is also the hardest way to go about navigating any market. It requires the MOST attention, the MOST baby sitting and the MOST decisive rules based process. If you do not have these prerequisites, then you will find yourself with an empty account very quickly. In summary, although Bitcoin may be holding up, it still lingers in a vulnerable location. The risk of a broader correction outweighs the potential reward based on our particular set of rules. What you have to remember (AND ACCEPT) is that MISSING A MOVE COSTS NOTHING. We would rather be wrong and NOT LOSE than be wrong and LOSE. It is this philosophy that allowed us to maintain our performance and inventory throughout the ENTIRE bear market that we saw conclude about 6 months ago. And as a result, we had a very small hole to climb out of while everyone else pretty much lost about 80% or more (which they will not admit). I cannot reiterate this enough: It is patience that makes money, NOT chasing. Everyone has the capacity and understands the idea of patience, yet MOST people cannot put it into practice.
COINBASE:BTCUSD
by MarcPMarkets
23
Bitcoin: Party Delayed? 2 Signs Of Vulnerability Now Present.Bitcoin is nearing the 9K resistance while the crowd is celebrating a little too early for a 10K target. The average retail sentiment went from predominantly bearish (everyone calling for 4500) to bullish (everyone is calling for 10K or higher) in just a couple of weeks. Are you new to investing in Bitcoin? Perhaps you got sucked in from all the nonsensical hype that is so prevalent in this space. I would first like to welcome you to the madness of the crowds and second, provide a helpful suggestion: step aside. Buying now means you are buying at retail prices, which means the risk is very high while the profit potential is comparatively low. These are levels where smart money locks in profits while the crowd happily takes the inventory off their hands while assuming much greater risk. How do we know this? No, it wasn't on a news site, or on some other internet analyst blog, it is clearly unfolding on the chart. Following price action has great value when it comes to short term market timing because it involves interpreting the "actions" of the crowd, NOT what they say or write. And at the moment price action has been unfolding in a way that says the crowd has bought, leaving price in a vulnerable position to retrace back toward the low 7Ks. Where is this visible on the chart? There are two very prominent clues: Bitcoin, along with many of the alts are exhibiting 5 Wave impulse structures. In Elliott Wave, once 5 waves complete, the chances of a corrective move of the same magnitude increase. That does not mean price will correct in an instant, BUT probability favors a broader retrace now much more than it did just a week or two ago. The second clue is the ascending wedge formation that has appeared during the attempt to push the 9K resistance. These price patterns are rare on larger time frames, and often appear during the 5th wave of an impulse. For us it is a huge red flag and cannot be ignored. That coupled with the fact that the majority of the internet analysts are bullish all point to a greater likelihood of a pullback, and not a move to 10K or beyond just yet. Keep in mind, this is a general probability. Price may very well push to 9K or slightly higher before the broader correction unfolds. We don't make the mistake of "predicting" how Bitcoin will unfold over the next week or two, and instead observe and weigh probabilities. There is no guarantee that the ascending wedge will assert itself, BUT since it is there, we will respect it and adjust our strategies accordingly. Over a year we managed to navigate the Bitcoin bear market effectively and patiently adjusted our portfolio which went from a -60% at the low to +5% as of this writing. The majority will not be impressed with such a performance because it's not 600% return on a leveraged $100 account. I share this not to impress anyone, but instead to reveal a glimpse of "reality" which most are not accustomed to in this space. In summary, Bitcoin and many of the alts have shown impressive moves over the recent two months and with it returns the circus of hype and nonsense that this market has become known for. When the untrained eye feels that it is "safe" to invest now, that is a clear warning that it is NOT. I am not bearish on Bitcoin, and I would certainly NOT short this market, BUT I will refrain from buying in areas where the crowd is jumping all in. Bitcoin may touch 9K or even 10K, but the risk of retrace is too high in my opinion. Our objective from here is to WAIT for a support level such as the low 7Ks or even lower before considering any new swing trade ideas or inventory purchases.
COINBASE:BTCUSD
by MarcPMarkets
45
1H GBPJPY FX PULSE BAR INDICATOR STRATEGYFX Pulse Bar Indicator Strategy is when the pulse bars cross over 0 line This shows a bullish move The pulse bars were a dark red and above the 0 line they change to a bright green color But sometimes the bullish move fails and does not cross over 0 line This shows us a new bearish move that has increased volume and momentum The Pulse bars change from a dark red color to now a new bright red color Exit Sell trade when a new dark red pulse bar closes
Short
by Tradingstrategyguides
Bitcoin. The top.Well here we are. Predictable, obvious Bitcoin. You cannot outsmart Bitcoin, as it is too stupid to be outsmarted. Just switch your brain off and make money with your eyes closed. The news, the hype, the dumb baggy bulls raging, that's all fun, but it does not matter. Told you this was the only chart you needed. Ok it lasted longer than 3 months. Very boring. Still. Predictable obvious Bitcoin price action, never said the timing was: The ideal would be the price doing something like this and giving us some time: Finally... Bitcoin might be easy but it takes so long...
BITSTAMP:BTCUSDShort
by MrRenev
39
XAUUSD: Short Term OutlookWith rising geopolitical tensions between "Trade Wars" and tension between Iran and US, this should be enough to support Gold Prices... Seeming to be indecisive after reaching $1,3000 mark dropping to current $1286.825 - this could be in part of upbeat comments with US and China - and with Greenback holding a strong position it seems like Gold isn't ready for a rally. I'm looking for a retrace to 1291.500 TP before watching for market confirmation or failure of break. *Not Professional Advice - Would love to hear your view! - Krecioch
OANDA:XAUUSD
by Krecioch
Shallow Fib hold = bullish $BTC trend and new highs aheadGetting a correction is needed, but also a shallow retracement with a support hold at the 38.2% level is a sign for more highs ahead. As the RSI drops back below the overbought condition line, selling interest continues. The last time this happened the 38.2% level held and after a period of consolidation the market kicked to new highs. Internal indication looks for a repeat of that as the near-term trend momentum remains with the bulls. Buy dips.. happy trading! $6581 is the level that should hold... otherwise wait for 5900ish before adding longs. The full retracement to 8500 is still in play!
COINBASE:BTCUSDLong
by FiboSwanny
BTC - Retrace or Channel Breakout?For those of you foaming at the mouth for an opportunity to short a parabolic rise, you may get a chance soon as we approach to the top of the long term Bull Channel. As you can see on this Daily Coinbase chart the fibs line up, the channel lines up, and the current price action will soon line up for a nice bounce off the top of the Channel. Of course we could always just pause there, consolidate for a couple days or week, and then bust out of the top of the channel to further dash the hopes and dreams of the Bears. But if I HAD TO SHORT, which I don't have to do, but if I did, that's where I would make my attempt. Then, if successful, I would take my profits around .50 or .618 if we got back down there and go as Long as my trading plan allowed. After that, I would just sit back and wait for early retirement. :0) But that's just me, you of course should do whatever you think best. Good luck.
COINBASE:BTCUSDLong
by BitcoinBearSlayer