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Reversalpoint

Brent Crude Oil Breakout or reversion? A couple of days needed! Last week was an important milestone to reach the door of a fib retracement level. Everyone can be interested to catch the uptrend move but it’s important as well to step back on a daily time frame and to consider where we are. On one hand, we are bouncing from the low in the 50 handle which is a significant price increase. On the other hand, we are still in the third section for a full retracement. In other words, do we have a real uptrend or a range market? Now if we have a closer look to the past in the same price level, 3 daily candles have had a very strong wick on the selling side. The last attempt above the 63 area was followed by a strong downtrend. Last Friday pullback below 62.50 just after the price reached the 63 level underlines the importance of that area for Sellers that will certainly try to prevent the quotation to pass the 64 price range because it can open the way for a new impulse to the 0.50 Fib level. In addition, potential buyers can also support that pullback to buy it from the low on the next pullback in a first in first out type of tactic. It gives an area of interest from 62.50 to 63.80 to watch carefully in the next couple of days. If that breakout level is validated, The duration of 50 days for the retracement to go back to 63, gives a very strong potential for the quotation to go much higher beyond the 0.5 to reach potentially 0.618 retracement. For the same reason, we may experience a strong pullback that can lead eventually to a complete reversion.
OANDA:BCOUSD
by parisseine
AUDUSD SELLAUDUSD could expect 30-50 pips fall next days. It just reached supply level at psychological level price in market imbalance with NZD. Stay tuned and feel free to follow up for more ideas. risk reward 1:2 Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial adviser if you have any doubts.
Short
by Michalangelo
Risky times in SPXSPX has made a good recovery after the initial drop to 2346.58 and it has been closing in green for days and even weeks. However... we, as traders, should pay attention and not waste our capital. Things to pay attention to (bullish): SPX is in a moderate support/resistance area. It has broken out for the moment, but in order to confirm that and expect another green candle, we also need to close above it. After 4 weeks of trading green, we managed to raise by ~11.5%. Price superbly held the 200EMA on the weekly chart, thus validating the supporting moving average. Things to carefully pay attention to. We have not broken the downwards trend line, which means that this can be a dead cat bounce and market taking a breath before dropping even further. We have psychological round number being near the falling trendline at the $2650 area, which makes sudden upward breakout less likely. We have a death cross on D1 with 100 & 200 EMA, a very bad sign. Thus far, we have lower highs and lower lows - a classic downtrend. The rise was not accompanied by high volume - it is still lower than 20MA on the volume chart, showing less demand. So, as a conclusion, if the SPX manages to stay above the current support/resistance area and close above it, then we have higher possibilities of having more upwards movement. Nevertheless, the way for breaking out from the current downtrend is not easy. Volume is not supporting us, the resistance at around $2650 area is strong and the trend is falling and there is a possibility of just making another lower high, before making another drop. This is not a suggestion (or, in my opinion, the right time) to take a position right at this moment. If we want to go long, then we first need to make higher high. If we want to go short, then we should be patient and wait for a bit more confirmation (like a drop below the moderate support/resistance area or when the price is not willing to pass the $2650 area). Take care, and defend your capital - it is the only thing keeping you alive.
SP:SPX
by SparkLife
Falling or growth?Hello! The situation on the Bitcoin continues to be not very good . We observe a strong discharge, which practically does not stop. Where are we going? If we pursue the indicators, it would be ideal to get a sharp rebound of 100-200 points from the current, after which it will sink to 3000. Then all the timeframes on the indicators will be unloaded and a confident fall correction can start. We waited for a long time this correction, but we still don’t get it. And we will not get it until the price finds a confident level of support , and in such a situation it may not find it for a long time. And no, we do not say that the decline will continue up to $ 1,000, we just say that a more or less confident position in long can only be recruited when the price stays at least steady. If viewed locally, it is likely to be flat. Flat in the range of 200 points in order to gain strength for further movement. It is a pity only that there will probably be movement following the trend, but it is descending here. Now it’s quite risky to take large positions, because the market shows crazy things because of a lack of liquidity. Thank you for your attention! What do you think about the market? Welcome to comments!
BITMEX:BTCUSD.P
by Btctrader888
Bitcoin. When to wait for the new ATH and global reversal!?Hello friends! Our past short-term idea with short worked off very well, private subscribers got a profit. Locally, the Bitcoin does not show anything interesting and there are not enough good entry points, we decided to look at the picture more globally. The conclusion is quite interesting. Let's go straight to the point. What do we have on the history of the Bitcoin? And we have in fact 3 strong pumps: 1. It can not be found now on the graphs, you can only see the remainder of the fall on our graph, which we do not take into account, since it is impossible to analyze. 2. 01/01/13 - 01/11/13. Bitcoin has been growing actively for a year and tolerated very small corrections that are not noticeable at all on the monthly TF. Price increased by 8600%! Earnings were just awesome. 3. 04/01/17 - 12/01/18. Also a great increase in prices by 1700%. This pump marked the arrival of a very large number of hamsters in the game, a lot of funds were opened, the next cryptomillionaires appeared, the miners felt just fine. Naturally, after all the pumps, a correction came. As the study shows, the correction was longer in duration than the pump period by 30%. In addition, the price did not lose the full price of growth, and 80-86% of the highest point. Moreover, as we noted, the largest red candles brought a trend reversal. So, for example, in the period of the second pump, a very large red candle appeared at the very top, which eventually brought the trend reversal down. In addition, at the end of the correction, there was also a very large red candle, which also brought a trend reversal. And now take a look at the 3rd pump. A large candle of declining is very similar in size at the beginning and now, only today there is no large shadow, but that can change. What do we expect in the long term? With great confidence we can say that, most likely, the largest decline is already behind. If you believe the history and mathematics, then the next 3 months should be flat (within 400-600 dollars). This flat should break the global support (green line), as it was last time (blue line). Further, within 5-8 months, we can expect a smooth recovery of the price to 10-12 thousand and in another 3-4 months the pump, similar to the past. Why so? It's very simple here too. Market cycles and mathematics provide answers to almost all questions. Let's look constructively. The whole world is on the verge of a crisis (the stock market has already begun to fall) and within 3-4 months we can expect the beginning of a crisis that will end in 1-2 years (as is usually the case). And now what with the crypto? This is a high-risk asset, from which the first thing is to take money before the onset of the crisis and first to invest in it at the end. Therefore, the period of 1.5-2 years before the start of a bullish rally fully fits into the cyclical nature of markets and the psychology of investor actions. In addition, there are many fundamental reasons why bitcoin should not die in principle. World banks are beginning to introduce cryptocurrency support and deposits, a lot of world exchanges are developing platforms so that people can safely use, trade or learn cryptocurrencies. This is its own system, which is just going through a period of formation and will please us with its profits more than once! W e thank you for your attention! What do you think about the new bull rally? It will be interesting to discuss this in the comments!
BITSTAMP:BTCUSDLong
by Btctrader888
1
GBPAUD LONG SETUPThere is a possibility of a GBPAUD long set up here. There is no technical pattern right now, so there is no trigger to take the trade but we are approaching a very important trend line and the bottom of a support zone Time to put GBPAUD on your watch list for the week to see if a reversal patter forms or we get a big Higher High - Higher Close when we hit the trendline. Thanks for the likes on my previous posts!! Also if you guys enjoy the content you can Follow me so I know you guys are interested!!! Thanks and Much Love<3
Long
by nick203
A 3 Day Trend IndicatorA 3 day chart is very useful in terms of being able to see a major trend reversal. It eliminates the noise of daily or lower timeframe charts and shows the change in trend faster than the higher timeframes such as the weekly and monthly. Keep track of the candles and look for a higher high and higher low candle for the first signal. The USOIL chart above shows a sequence of 3 day candles that have lower lows and lower highs for the past 8 or more candles, clearly showing that the major trend is down. Short risk on oil is out of the question as long as there's no higher high and higher low 3 day candle. As soon as there's one, at least a minor change in trend can be anticipated and traders are likely to switch to short risk.
TVC:USOILEducation
by Zoen_Trieste
3
What today? Bitcoin analytics 10/11/18We welcome you, our readers and subscribers! The market is very terrible now and does not give us the desired volatility, but everything is ahead. Yesterday we wrote that the angle of incidence is too steep, so such trends often break, which is what we saw. Ideally, we expect to see the flat, then price growing. The upward target is in the 6430-6470 area. It is also possible to form the right shoulder of the “Head and Shoulders” figure, which is able to send the price down, but you should look at the situation with a lot of controversial points. There are many indicators already tell about growth, StochRSI 4H for the first time in a very long time, fell down to the oversold level and rubs near the zero level, and this is a very strong signal for long. In addition, a convergence in price and volume was found. It is not very strong, but the volume is one of the main pricing factors, so convergence is also a good buy signal. MACD has also corrected and has already gone to a return, the forces of sellers are running out. The ratio of shorts and longs on Bitfinex is simply worth it and it is very strange. Previously, these positions were very active, but now they just stand, a major player has not yet decided on the entrance. That's all for now. We expect testing by indicators.
BITMEX:BTCUSD.P
by Btctrader888
Is it far to fall?? Bitcoin analytics 09/11/18Hi, traders! Our team decided to share with you ours ideas on the market. As we wrote in our previous idea, the fall is probably will continue. The uptrend could not keep the price, so there was a breakthrough of support and even managed to form a local downward trend. It is interesting to us that a local downtrend has formed, but the angle is very steep. Usually, such a fall is a correction of the past movement, but here is a controversial point, since the correction has already gone very far. Observation shows that such trends with a very steep slope do not last long, while sales volume are falling. Oscillators are talking about a strong oversold, and the MACD went to bend over. Based on what is written above, a break in this decline is possible at any time, but we admit the option of reducing to global support at 6250. We don’t admit it anymore, and we give 80% probability the stop should be there. Thank you for your attention!
BITMEX:BTCUSD.P
by Btctrader888