Bitcoin sell off on SundayI am not a licensed financial adviser.
Now that that is out of the way, let's look at Bitcoin. It is currently trading below the Ema25 , Ema 50 , Ma 50 , 100 and 200. Rsi has fallen to 39.6, and it is a Thursday. Repeated rejections of 4k have caused BTC to be tightly range bound these past few days , but today, for now at least, it has a direction, and that direction is south. It is my belief that tomorrow and or Saturday it will enter a demand zone, and a rally will be attempted, but the repeated rejections of 4k have very likely left a psychological imprint on the emotional sector of the market , which sadly comprises maybe 65% of it. The rest of us know that it could rise if it were allowed to.
2018 was a brutal year for the crypto sector in general , and it has been only in the past few months that a sleeping bear has awakened and changed into a bull costume. The problem is, it is a costume.
Factor in the crypto press. Despite almost always being wrong, the emotional sector and the newbies haven't realized that yet. Many people seem to still take CCN , Nulltx etc. seriously. They will learn.
One big hope has been institutional commitment , yet in order for that to happen en masse , Bitcoin needs to show stability and or upward movement in a sustained fashion. Something it has failed to do time and time again. Despite this there have been tentative but timid moves by Fidelity and other big names , perhaps part of what led to this latest rally, there has been news from the sec , another positive - but the community is deeply scarred and full of F.U.D.
Weekends being what they usually are, I suspect that Sunday is going to be a bad day for bitcoin , and by proxy altcoins in general. I'm keeping my trades tight, small, and careful at this point.
Best of luck out there.
Fortis fortuna adiuvat
Caveat Emptor.
Selloff
USD/CHF 60 PIPS Short Reasons why to short USD/CHF:
Parabolic SAR Indicates a Parabolic bearish reversal in price
Cloud breakout at the major resistance zone indicates sell pressure and more proof we are going to reverse because the previous cloud breakout at the major zone also indicated a sell off.
We broke the trendline and good selling support has shown
ATR indicates a rise in volume anytime soon which means big movements
DXY Looks Bearish
Reasons why to go long on USD/CHF
DXY looks Bearish but news can cause a bullish legg on the upside to 97.00 Area
Because sometimes unlogical movement in the market is logical movement, banks playing around.
Watch Treasuries for signs of the next Equity selloffThe inverse correlation of Stocks and Bonds have been quite telling in the recent months of equity volatility.
The 10Y yield went from 3.25% in early Nov to lows of 2.55% as participants flew to safety in treasuries.
In the last couple weeks as equities have recovered from the Dec 24th meltdown, treasuries have been sold with yields resting now around 2.75-2.8%.
I am looking to see demand for treasuries as the major Equity indices test overhead resistance.
After a 14% rally on the S&P in a matter of a month a pullback looks likely.
If we see 10Y yields once again trending down expect blood for risk assets.
Cheers
BITCOIN: Swing-Setup! Short down to 3k?'Market is a mess!#ChanceHey tradomaniacs,
welcome to another free signal!
Important: MARKET is a manipulated mess! No liquidity = hard volatility!
Make sure to place a sell-limit after the break through the 61,8% retracement and the trendline!
-----------------------------
Type: Swingtrade
Sell-Limit: 3.596
Stop-Loss: 3.800
Target 1: 3.376
Target 2: 3.217
Targt 3: 3.033
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
SPX going bear6 week consolidation followed by a downtrend confirmation last week suggests a 10% dip in SPX before Christmas.
MACD crossover signaling a downtrend about to emerge also.
Monthly prices at the end of 2017 closed above the upper Bollinger. Then have dropped below this month. This indicates a likely drop in price.
Look for a drop below the 2600 resistance level to see more lows.
Despite markets rallying this week I think we are headed for more of a drop.
ASX200 Sell Off. We are drifting upwards on Trump- Xi talks although we are still bouncing between Fibonacci shorts. What will happen if Trump and Xi do not have a good talk and reach no agreement?
We will see another sharp sell off.
Trumps angry tweets when he gets back to his hotel room will propel that.
According to my analysis we are in the midst of another 10% sell off (from where my forecast start)
We touched that level and I think we will see another complete 10% sell off with a big wick.
Do not buy Indices yet only look to short them.
China is stubborn and they will take there time to address this matter, they investment optimism in Africa and they are looking to move away from the USA.
Major US companies are not doing well and are still have many present problems (Apple, Facebook)
Big BTC hodlers cashed out?Greetings everyone! I've been observing markets and I've noticed this Tether FUD has created a great move for big bag holders to get out of BTC. I'm sure we still have a majority of volume O-T-C, but I imagine some big holders could take advantage of this weeks demand to get out of USDT into BTC, etc. I've also marked a couple places on the MACD with flat lines that lead to further drop offs, and it looks like we're approaching another zone. I don't think we'll go to 3k anytime soon, but I wouldn't doubt $5,000 or so within a couple months at most, and could see another decent drop coming within a week or two leading to a progressive sell off. We could also say if a shift was coming upwards the volume would've at least progressed up, but instead it's gone lower after the incident.
Make sure to stay protected in the markets. I'd also like to point out when a herd of sheep is directed into the slaughter house they typically aren't benefiting, so I don't see anything different for this recent Tether incident. Especially when these people fell for a fake image which obviously wasn't officially from Binance.
XBT/USD Void filled, expecting selloffWith this move up we've filled the void that we left during the most recent dump and also retested the range low from before that dump.
Also check the retracement when we pull the fib from the last high to the low.
Unless XBT gets back within the range I'm afraid we'll have to anticipate further selloff at least to the next high timeframe support.
May I introduce you..? That SELL-Off was nothing! ;-)#OverviewHey tradomanaics,
quick a nice overview if the current situation of S&P500!
Bulls feel the pain? Yep.. it was painfull for those who are long. BUT - That was nothing! :-O
Check this chart and see where the real PAIN is waiting for us.. or the PROFIT?
AS we can see - there is still a lot of space downwards before we reach the real paniczone! ;-)
So calm down and wait.
The US-earnings-season is going to show us important companys in the upcoming days.
Peace and good trades
Irasor
Trading2ez
Wanna see more`Don`t forget to follow me.
Any questions? OM me. :-)
USD/TRY SELL-OFF incoming? Great chance with patiens!Hey my tradomaniacs,
probably a great chance incoming.
Wait for the break out below the 61,8% retracement, the green support-line plus the diagonal support!
If we break through it and bounce off we have a very nice sell-signal!
Type: Swing-Swingtrade
Sell-Limit @ 5.70202 (After break through ex-Trendline)
Stop-Loss @ 6.190
Target 1 @ 5.0 - 4.86
Target 2 @ 4.53722
Peace and good trades
Irasor
Trading2ez
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
The Sell-Off-GAME! Do we repeat the past? #WEEKEND-OVERVIEW!Hey tradomaniacs,
quick an overview of S&P500 for you.
This year, we consistenly "crashed" to buy @ 200MA and 61,8% Fibonacci-Retracement.
Does the market want to buy-in before the saisonality beginns?
#Christmas
#Black Friday
Or is it truely a reaction of the overheated market scared to see more rate hikes since almost 70% of investors are "ALL-IN" in shares?
We will see! :-) Hope this inspires you.
Happy rest of the weekend and good trades tomorrow
Irasor
Trading2ez
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
EURCAD ShortThis pair is forming lower highs and we are seeing bearish candles appear on the trendline.
RSI resistance suggests a sell opportunity too.
The 50MA is currently under the trading price, but we are expecting a strong CAD retail sales print at 12:30 which should help drive the price lower.