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Aud/Usd WorkHarder Day-Trading Manual Day #1Start date: 27 June 2019 30 days day trading project. Day number #1 27 June 2019 Step 1 Look at 50 and 100 days simple moving average on weekly chart, if price is lower then cross over point, we will short. If price higher then cross over point we will long. Step 2 Look at 5min chart with ATR 288 Step 3 Look at graph everyday at 12midnight Step 4 Add ATR to 12midnight opening price if we are going long. Subtract atr to 12midnight price if we going short. This will be your entry price. Wait for 24 hours, if price not triggered, please cancel order. Step 5 Cancel order if trade did not take place the next day. Step 6 Repeat step 1 on 12mn To know when to take profit please keep track of my aussie idea Current price during analysis 0.69898 at 12mn 27 Jun 2019 short when price hit 0.7098 by 27 June 2019 +8 GMT If price does not hit 0.7098 by 28 Jun 2019 12mn, position will be cancelled.
Education
by ForexTradingSchool
BTC time to rest after a long run up Let's take a look at a bigger picture of BTC moves. It appears that a long run up must end with a bit of a 'rest'. Normally, it is roughly a 40% (of the size of the run up) reduction or so the past dictates. The past year's events of this nature were circled on the chart. It appears that last year it was also around June. Interestingly this price reduction would coincide with the area of strong support at $6000. Adding this up I see us going there first before resetting the course up again. For educational purposes and record of play.
BITSTAMP:BTCUSDShort
by KonradB
Short Term UpdateIn the short term, daily chart, there is a congestion between the kama 20-periods and the first line of price deviation. I don't know where it will break but there remains a conflict between the monthly chart, with a confirmed bullish signal, and the weekly one where the bitcoin seems weak. This is why i'm not buying at market but i'll leave, at least for this month, the BUY STOP ORDER at 9100$. Kama v1.21 is out and public, to see this chart just add it on your template using these settings: BB dev 20 BB Periods 500 Length 20 Fastend 0.73 Slowend 0.0625 Show.Ind 1 checked Show.Ind 2 unchecked (check this if you want to decide by yourself the volatility level of the price bands defined by the Delta parameter, 0.03 for daily, 0.11 for monthly chart)
BITSTAMP:BTCUSD
by UnknownUnicorn30297
UBER Breakout Imminent UBER is about to make a large movement. I don’t usually operate on 1h candles, but with Uber we don’t have much history to look at. In the three weeks since its IPO, Uber has been surprisingly boring to watch. This is mostly due to the unfortunate timing of its launch. In the week of Uber’s IPO the market experienced its highest volatility since the Christmas massacre. We have yet to decide whether 2019’s party is over, but Uber will likely trade as an amplified version of market’s decision. Uber has been forming a small flag since its debut, unsure of which direction it should breakout. Options expiring in two weeks currently hold a 5% premium in both directions, anticipating the coming move, but split on the direction it will take. Since before its launch I have felt that, should the market have another significant leg to its bull run, UBER could potentially be a significant bubble of 2019 in similar fashion to the cannabis industry in 2018 and cryptocurrency in 2017. Whenever enough attention is focused on the future, anticipation surpasses reality without fail. With markets this creates bubbles as the integral variable of time falls from calculations. While there is a large upside to UBER at the moment, it will be entirely subject to prevailing market sentiment, which is currently a jittery mix of trepidation and ambition. It wants to go all in on one more hand, but it also knows that it’s drunk and should head on home to recover. Relevant indicators: 1. As mentioned, we have a flag forming. Volume has been drying up as market players place their bets over the last few weeks, and when the dice roll soon, the price will either break above 45 or below 35, the current high and low created by the first two trading days. 2. Bloomberg recently reported that 70% of available shares for shorting are lent out. This high amount indicates a strong belief in the downside, but it also shows a saturation of the position that hasn’t yet managed to materialize, indicating that it may not be strong enough to dissuade investors who want in on UBER. 2. Uber is not a profitable company, which means any investments made currently will require a large amount of time to bring a return from the company itself. The only way to profit off of a company like this is if someone else is more excited about the investment than you. Netflix (NFLX) is an example of this. These companies are expanding rapidly, and all returns are reinvested immediately in a battle to grab future market share. Due to time being such an unknown variable for the return, there is a natural inclination to the downside caused by reality that can only be countered by an increasing amount of hype regarding the potential returns of the future. This factor is largely dependent on overall market sentiment, but high-profile companies like Uber are the ones that best achieve this. 1. Lyft had its IPO shortly before Uber, and with the stock’s premier going a way similar to Facebook’s initial launch, this seems a simple instinctive guess to the direction due to LYFT being the closest comparison on the surface. But Uber is not Lyft, and its image and scope can be argued to place it in a different class than Lyft, rendering the comparison flawed. If investments in the future of self-driving cars are going to operate similarly to that of media and entertainment like Netflix, then Uber is the obvious choice for an investment in this future. Note: Bottom trend line may be entirely accurate due to such limited information. While This movement is expected imminently, there is no accurate way to determine the exact timing for this.
NYSE:UBER
by avidbrandy
LTC - Potential Short Term 6.6%Hi guys, LTC is looking good in a number of ways. - Daily down-trend (green line) was broken - Higher Lows were created which enforces the down-trend breakage and indicated the potential beginning of an uptrend - 4 Hour resistance was broken (has now become support) - As per above, price has been respecting the resistance after it broke which indicates we could go for a run up to the next resistance. BINANCE:BTCUSDT has been involved in some crazy action recently so keep in mind that any sudden moves it makes could affect all ALTS. Take care and see you next time! PT
Long
by p.thrasou