Selling
ZRX market structure tradingZRX looks bearish for the time being. Ever since its taken out 13401 satoshis (market structure shift level), its proceeded to make lower lows and lower highs indicated by the red boxes. Simple market structure trading. It had a nice little bounce at the demand zone around 9791 satoshis, but couldn't breach the resistance level preceding it. Take short trades on this with caution. If it doesn't bounce at current price levels, and cannot breach above 9791 satoshis should see accelerated selling once again towards the red line which is where i'll be taking profits. You can ultimately take profits inside the green zone, but I will be playing it safe and taking profits at the red line which is where an old high of a volume spike (buying pressure) is located.
TLDR: Neutral until price dips below the pink box, will then short until prices reaches the red line located at the top of the green box labeled "target zone".
USDJPY Short | Easy Setup If Support Is BrokenThis one is going to be quick if it goes!
Strong support here on the M15 time chart. This is a classic strike setup and we like it short here if this support line is broken. Our pulse system is bearish so all we do now is wait for final support break confirmation.
This is our Strike Trader Elite Trading Strategy available on Tradingview now.
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UPDATE BUBBLE IMPLODINGIt makes already 4 months that bubble is imploding and we are now approaching an important zone for the trend of BTC in next months.
This graph isn't a logaritchmic one but it doens't change anything. The first important thing to develop is that BTC is near the important zone that will determinate if it's going down or up. We just knew a bounce on the support and we can expect that it will touch the resistance (yellow).
It's also nice to see that the golden death cross (SMA 50 crossing SMA 200) didn't occure and moreover a divergence between the two courbes slowly appears.
If BTC breaks the resistance, it will give us a buying chance. If it brokes the resistance, we can expect more down.
This idea is valid for almost all the "big" cryptos. In fact, all are following more or less the same way.
RIPPLE Selling SetupThere is a potential selling opportunity here. The price going down last few hours, but if it goes up at resistance level (0.7051), this will create a selling setup. The price respected that level many times and it will more likely, it will do again. The new selling orders will be placed at that resistance level, that push the price down.
[BTC-USD] BITCOIN 6% CORRECTION-MUST WATCH! -STOP LOSS FAILED!The purpose of this video is not only to provide a TA on what happened March 13th, but also to describe how dangerous using a Stop Loss limit order can be! My stop loss did trigger but it did not have a chance to insert my order on the books and sell it off. Never insert your stop loss and limit price too tight! If the market has a flash crash or a volatile spike like it did for me last night you will be holding the bags for a while and possibly get screwed it the price does not rebound back to your price area where you bought.
Learn from my mistakes! I will never use Stop loss limit orders from GDAX or any other exchange as long as I live. I will only use limit orders to buy and sell or maybe market orders for quick entry and exit. But with market orders becareful since you can have some slippage as well. Thats why to me Limit orders are the safest. If would have had a limit order i would only have lost 15.00 bucks. Im down about $500 as of this video making. For my sake, I hope BTC does not take any further and I hope the American can lift this market back up today before midnight.
If you enjoyed this video, give me a like and please be careful. This was a life learning lesson for me!
CryptoBuzzAnalyst
EUR/USD: Double top confirmed! Check the update!Hey guys,
I published this weekend the idea of having a double top formation on EUR/USD. It seems the idea has been confirmed.
To complete the pattern, I am now looking for the pair to test the 1.22 area which is a strong support. We had an impulse and we are in a correction phase.
I am not excluding further down pressure because of DXY rebound and EU current and coming weakness. Check the explanation in my chart.
If you like my ideas, please support me with a like or a comment.
You can also refer to the initial idea (EUR) below to have the whole picture.
Cheers
Jesse
SHORT SETUPThe price've tested the H4 and daily resistance and the higher band of the trend channel that has rejected and braked out the triangle pattern, showing a good and clear short signal targeting the daily & weekly support and perhaps goes as lower as H4 support.
remember to trade safe, use proper lot size and risk management, don't be a pig on the market!
BTC, The moon is in the well.Have you ever read the story about the fox, the wolf and the moon?
It was written by La Fontaine. To sum things up, the wolf wanted to reach the moon but an optical illusion made him chase it down a well...where he drawned.
This tale is both simple to understand and actual since people are still trying to chase a "moon" that could definitely hurt them.
Aside from that, the analysis shows a bear market. No news in that. The 8k support level I identified on Jan 17th (see related ideas) still holds, with a second support at around 5500$ in case the first one is broken with supporting volumes.
Notice the "death cross" on the 12,26 MACD...this fall is not supposed to stop soon.
The entire Bitcoin cycle is definitely into the "fear/capitulation" phase. No wonder things escalated pretty quickly.
Best trade here is no trade and keep liquidity.
As usual this is not a trading advice, merely my idea.
Stay safe out there!