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Short-term

GBPUSD Long Trade SetupIt's too early to say, but it looks like a running flat is in the making between the green lines. Based on that structure, my forecast is an upward impulse. That's why I'm looking for a long trade setup, and it seems like we have a reversal impulse after the complete expanding flat between the blue lines. Now, I'm waiting for a small correction to place a pending order. Instead of an upward impulse, a correction can be the next structure for more downside, but it's OK because in this case, I'll have time to hedge my trade.
Long
by WaveAnalysis
2
Another correction before the final pump to 100K+ BTC ? Hi all, my first post here. I did an Elliot wave count on bitcoin since the end of the 2018 bear market, where the next bull run actually began. Looks like we are still in the corrective 4th wave of the long-term bull phase. And the recent drop could have started the c wave correction of the final phase of the 4th wave. What do you guys think? To support the thesis, one can also see the momentum divergences and volume divergences that mimic the April-May carnage on the charts. Not trying to push fud around but just some technical analysis. I know that the on-chain metrics and yadi yada are bullish and all, but that ain't stopping whales to dump their bags. Hodlers can chill but 50X longers need to keep an eye out. Not Financial Advice, have a great Sunday :)
Short
by PeacockCapitalMarkets
2
BTCUSD potential short coming up! Hi guys, This is my first post on TV but I am excited to join the community. I will be sharing some of my thoughts around day/swing trading Crypto and perhaps more instruments at a later stage as my TA and philosophy mature. I decided to share some TA around the big boy BTC as my first go at making my TA public. As always guys, this is not financial advice and purely ideas around what trades I am looking at next. Here we go, We recently got rejected by the weekly level combined with the trend line which flipped as resistance. We're currently bouncing at a support zone I had lined out with the blue box (and I am long from 47k). We're currently supported by: POC of the range Daily level Global sellers .5 fib 1H 200 EMA (not shown) Previous resistance/support zone Multiple fib levels My next trade would be a SHORT at the golden pocket (highlighted in red) and confluence for the short would be: Untapped .66 from the seller's fib Daily level Previous support waiting to be flipped as resistance the resistance trend line We have a volume POC in that zone I expect increasing bearish divergence on the 1H+ time frames ENTRY: 49.3k - 49.5k INVALIDATION: 49.8k: I prefer a tight stop loss as we might see a short squeeze in case we consolidate under the golden pocket TAKE PROFIT: take profit 1 will be 45.5. I will monitor market structure and the strength of the rejection to find the next take profits. Let me know your thoughts and if you are also looking for a short as your next day-trade.
BYBIT:BTCUSD.PShort
by christophergeeltrader
6
Moderna getting ready for a move higher, Maybe $500+ level(s)Ive been watching the recent uptick figuring there would be a place to sneak in and ride it down to ride back up even higher than it just moved since I missed that ride. She fell rite to my line and held rite around it. Personally i think the $386 level is in play but only if it continues down under $410. once it taps that line or the bottom of the triangle once maybe twice I believe it will make a new ATH over $500. I added some extras levels for reference.
NASDAQ:MRNAShort
by ahancovsky
EURGBP Long Trade SetupWe may have an expanding flat, which might be over at the last low. If this is the case, a reversal structure should be in the making. I don't want to place an order above the reversal impulse because it can make a correction and new low. That's why I'm waiting for a complete correction and a small trade setup to place a pending order. I'll move SL to BE when the last top is broken and see what will happen next. My target is 0.87150 for a complete running flat.
Long
by WaveAnalysis
XAUUSD Long Trade SetupIn the bigger picture, a correction for more downside should be in the making, and we should be in its C wave. That's why my expectation is more upside, and my target is 1924. I think we have 2 options here. The structure between the blue lines can be a complete running flat, which looks pretty ugly, or a correction like between the green lines is in the making. In both case we should see some upward movements. That's why I placed a pending order over the trade setup. If it makes the wave B, I'll hedge my trade.
OANDA:XAUUSDLong
by WaveAnalysis
EURUSD Short Trade SetupIt seems like a correction is in the making between the orange lines after the daily upward impulse from 1.063. Currently, the B wave should be in the making. So, my expectation is the C wave for a complete running flat. But, before that impulse, it looks like more downside is more likely. That's why I want to take a short trade to hedge it at 1.16200 where we have a nice Fib confluence. I think we have a complete expanding flat under the blue trendline. If I'see a valid reversal structure, I'll place a sell stop order. That being said, I'll take a long trade if I see a correction for more upside.
Short
by WaveAnalysis
Big move coming soonI currently own this coin There are two possible scenarios: one it retraces back down to the .21-.24 range for a power buy two it continues right from where it is to the .56 range which is my current short term sell option I think this coin has alot of room to grow based on its project if it breaks the line that I have as the current resistance its ON! now in trading that is very minimal I have my position open and if i see the resistance too strong I will sell and wait for the dip!!! Wait it out and see how the resistance holds and if it seems to be too strong wait for the BUY ZONE!!!!
K
by jgrullon11