Risky
#bitcoin - inverted HS potential still presentI am going to watch this until the price tells me something different. Totally undecided right now. Keep focus guys and don´t force yourself into trades based on assumptions and gut-feelings.
H4 did a very good job recently, also H1, so I prefer staying here right now. Keep an eye on the monthly Pivot.
This pattern is still in the make and the volume profile is actually not a very good fit, so .... stay safe.
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No financial advice. NeruSuite v5 - advanced technical analytics tool. #dyor
New All Time High - Risky BuyS&P New All Time Highs - Risky Buy
The Emini and S&P 500 made a new all time high again today, leading many to believe this market is still strong. In some ways it is, but it is more important to realize it is also in a bull flag trading range. This makes it a risky place to buy up here. This is where strong bulls who bought lower will start looking to take profits, and strong bears will start looking to sell for a move down.
Why is it risky to buy now? There is only a 40% chance of a measured move up based on the height of the trading range. And the risk needed to enter now is large (below the bottom of the trading range). There is at least a 50% chance of a test down soon, back into the range. The middle of the trading range is a magnet and will likely get tested before the bull trend continues. Furthermore, if the bears are soon able to create a strong reversal bar for the large wedge, it could increase the probability to 60% for two legs down. If there is a quick and large move up in the next few weeks, it would likely act as a climax and final flag reversal, increasing the likelihood of a sell off.
Dont think just because there is no reversal yet that the market cant or wont sell off. Look at the past two sell offs from this area. They began from bull bars (Jan 18 two bar reversal), or small inconspicuous bars (Sep 18 doji to outside bear bar). But the follow through was strong and fast. Of course, this does not mean a shorter term trader cant buy and make money. Day traders can do many things investors do not or should not. But as far as a long term investment, this is simply not a safe one to buy at the current price level unless you are willing to sit through a deep pullback and scale in. And if you are - why not just wait and buy then?
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SkyfallI find Bitcoin very risky at times like these. Now it is just gambling it can go either skyrocket or skyfall. I see a very obvious head and shoulders pattern and I will stay out of the risk area unless it beats up 8500+. On the other hand there is a divergence which points a decline in short term.
Good Luck.
Disclaimer: Not for trading.
Gail is a risky buy with 350 as stoploss for 378-380 Script : Gail India.
Gail can be a risky buy with 350 as SL. Unless the 5 waves are not completed yet then the 378-380 levels still possible.
Those who have shorted today at 362 has got a good RR trade as this could be a wave (b) top in an alternate count. Stoploss for short trade is 367.
For a fresh trade Gail can be a risky buy with strict sl at 350 below 350, 328 level will be the first target.
Short term Long PositionProbably down trend will break from 0.236, it has corrected enough. Take profit should be step by step on each fibo lines
TP Points
1. %25 at 0.382
2. %50 at 0.5
3. %25 at 0.618)
SL
1. %50 15.05
2. %50 14.95
This is not an investment advice! Take your own risk and use your own brain....
EURAUD Short - A Risky CountertrendWith most AUD pairs seem to have reached key support levels and about to reverse up, and EUR going ranging, riding a possible immediate consolidation for this pair. Setting up sell stop order with 1st TP @1.56210 (38.2% fib), and possible to trail this until 2nd TP (0% fib) by next week, and hard SL @1.58 (few pips above its current high/past the 100% fib level).
Daily:
Weekly:
Confidence: B (risky because it's going against its recent bullish momentum-- I'm not really into countertrend trading, unless I think the pair is going into a ranging pattern hiatus after a strong trend)
Ethereum opportunity What do we have here?
-Ethereum is losing capital to XRP for about a month, and should recover part of this capital to fight to be second place marketcap
-90% retraction from 2017 bubble
-Double ABC making a corection WXY
-Descending Wedge
-Will bleed more if BTC dumps
-RSI daily record oversold, weekly too
S&P ATH DreamGonna dabble in some "real markets" and options juggling here: yesterday SPY managed to barely peek above all time highs but retraced most of the up move by market close. Post market SPU18 tapped July highs and is now sitting right below august 7~9th range. Most important level to watch imo is 2840: A breach below would create a new lower low and would be where i'd exit my current long position (Currently holding 283.5 strike SPY calls expiring end of month) while consolidation and/or bounce above would be a decent place to load up on more longs. I plan on hedging with some more puts if we approach near ATH levels (currently juggling some DIA puts that were just filled) just in case.
This is a fairly risky short term take on current price action. Ideally I would long conformation and potential retest. R/R for longs here are also fairly poor at this point as we're close to major resistance with good likelihood of a pullback or even (short term) trend reversal before another rally.
My current bullish bias is partially based off (apparent) market fatigue of US-China trade war and speculation on European money flowing into the relatively stronger and stable US markets (or potentially also Japan/Korea, but examine strengthening dollar index DXY). Overall I'm quite confident in a clean break of ATH but if not i'm prepared, and will probably also go back to trading my satoshis on 100x leverage in my moms basement kek.
The bear shows claws!! RIDE that retracement or go short at top!Hey my friends,
a golden chance for you.
A small trade but an idea!
WATCH OUT: THIS IS against the trend! Tight Stop-Loss-levels and quick profit-safes!
We just wanna participate on that anomaly we`ve seen in the past. :-)
Could go wrong. Small positions please and an active trade-management!
Cheers and good trades
Irasor
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ZEC_220 or 175?Looking at the chart of ZEC, it appears to have arrived at a fork in the road. Convergence has led the price action to form this triangle, the bulls and bears are uncertain.
Some indicators:
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RSI - Around 35 to 40 on the Daily charts.
MACD - Crossed into green.
EMA 21 - Trading above it with a few candle closes.
Volume - Pitiful and comparably low since the May highs.
Momentum indicators - Show a bullish divergence but the price action is lower.
Predictions:
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Depending on how BTC does and where the price exits, ZEC will end up going to 220 or falling to 175 within a few days.
Other chart patterns:
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A small inverse H+S could be formed here, if a strong move to 220 manifests. I'm not saying that this would provide any more price action, as the EMA 25 is literally right around 220. There is many dependent factors weighing in on ZEC.
Conclusion:
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This is a risky trade, probably riskier than usual. the ratio is a potential loss of $16 per ZEC vs $29-30 for gains. In other words, about 2:1. Riskier not because of Rewards/Risk ratio, but because of overall market sentiment in the alt coins and BTC.
Finally, what is written here is not investment advice in anyway shape or form. Any investments that you choose to take in any market carries risk. What I mean is that you carry the burden of both all the loss and gain. Trade responsible!
-May BTC reach Mars before Elon Musk
GBPUSD - W - RISKY LONGI can't help being disturbed by this idea because of several things :
- on one hand my strategy is telling me to buy because on daily/4H there is too many criteria checked, this should go up.
- on the other hand looking at the global picture, we are already quite high on weekly and monthly so a reversal is bound to happen. An extension is very much possible also, that's why we are traders, because we never know what will happen!
I gave up guessing top and bottom since years now, but this is something my sub-self is always trying to play.
That's why I'm opening a small trade (0.5%) to try this idea. RR is too good to be true and this trade could take a long time... Look at my EURAUD long trade, opened since 6 months...
Anyway, take time to think before entering this and trade with your own diligence,
GL HF
RISKY INVESTMENT PICKBHEL HAS BROKEN BULL FRACTAL AND WAS UNABLE TO SUSTAIN THE UPMOVE
STOCK HAS SEEN TO CREATE STRONG DOWNSIDE BASE AROUND RS 80
TILL NOW STOCK HAS NOT BROKEN ANY BEAR FRACTAL AFTER INITIAL BREAK OF BULL FRACTAL.
BIT RISKY TO ASSUME BUY MOMENTUM STILL EXISTS SINCE IT HAS NOT BROKEN ANY OF BEAR OR BULL FRACTAL AFTER ITS 1ST BULL FRACTAL BREAK.
HENCE RISKY INVESTORS CAN ENTER LONG CMP 89.35 OR AT MONDAY OPENING RATE
STOP LOSS WOULD BE 1 TICK BELOW MONTHLY CLOSE BELOW 77 LOW
TARGET 1 : 164.5_193
TARGET 2 : 325_359
IHS complete on the short-term BTCWe have a small, yet completed inverse H+S followed by a somewhat bullish flag. Keep your eye on it here as it doesn't have much in the way of volume so it can easily fall through. If you were to decide to trade this, it would be wise to set a tight stop loss. *This is a high risk trade*
-May the trend be with you-
Primecoin: But Wait... There's More! This is a risky one, dream big, play small, but it's an interesting concept. I guess I see opportunity where others see a dead horse. Supply is 21 million, the RSI doesn't match up neatly but every time it drops into oversold, especially in a cluster of 3, price eventually has a nice pop. Just be Patient. Looking at February or even next summer for a target. Again, super risky, rather illiquid, but if you like the fundamentals, it's not a bad time to nibble. If you never take risk, you will certainly never take profits.
Lunyr - Super Risky but super fast 320% (Shitcoin)The coin went out of the accumulation region and is now attempting to go up. Targets are previous resistance regions. If it does go up I'm expecting 320% today. If it doesnt it will drop really low.
This trade is beyond risky. Like please don't invest in it what you can't afford to lose. Please!
This trade is like 8/10 risky, meaning you could lose all of your money in it.
HIGH RISK again and again. As an analyst the last thing I want is to make you guys lose money.
Dont invest in it what you can't afford to lose again....
Feeling risky?No idea what this coin does, just trying to catch the momentum.
Not going to jump in on that spike and get pulled into a bull trap, if it is one.... I will put an order below, waiting for a pullback. If I miss it, whatever. Haven't done my research to know if its worth bagging.
USD/CAD : Bottom ? Buy or breakout ? Hey traders !
**This is a risky trade and I am not taking this trade**
Canada interest rate hike have made the CAD much more stronger .
If you want to go long on the usd/cad right now , you need to wait for a good confimation .
If the trendlines are broke , I think it might go down to the next fibonacci retracement level .
Accumulation of :
- Fib 38.2
-Fib 50
- RSI oversold
- RSI divergence
- outside bollingerbands
- Daily/weekly trendlines
- Support zone
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