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Short-term

Bull rekt charging maybe?Maybe some bullish nervousness on XVG BTC could rise up soon during the very next days: after a bloodbath started from the fake bull of last month (ath 219 sat), XVG hodlers seen their BTC value dramatically falling up, as the price touched the floor of 100 sat (local bottom) just a few days ago. Considering that we are almost at the bottom of a falling wedge (bullish signal), and we almost touched the lower bar of the channel i highlighted on the chart, we could possibly get back somewhere beside 150 sat in the near future (maybe after good news after the Meetup such as new Codebase release, new partnership, ecc). The bull case scenario may be facilitated by BTC USD bull run loss of brute power, bringing fresh & new liquidity to the alts market. Take care of the 50 and 100 MA: they are literally demolishing any single bull attempt to go up, but if price should take over those resistances, FOMO will do the rest. Don't forget the core team and devs will be sharing updates and news about the project in a couple of weeks at Rotterdam Meetup (25th of may 2019). >>>>>> NO FINANCIAL ADVISE <<<<<< Stay tuned for more updates and best of luck! Vito
XLong
by vitoguerra92
Ether poised to benefit from infrastructure spending?'8th Day' positive extreme projection here is carried forward on the combined trend line, terminating at the same price at the later date where that price is shown. What happens between now and then may be greatly influenced by news $30M spending will proceed on Ethereum infrastructure by concerned parties going forward. Tentatively, an increase is likely, hovering somewhere between today's price and the extreme presented, reaching a peak somewhere on the timeline. As to whether a new higher high will occur, solidifying Ether's USD valuation here on the digital currency 'backside' as a hedge against a possible late May BTC correction, and other factors of volatility in the market, is speculative. Ether has retained a good portion of its latest surging increase in BTC valuation following BTC's fabulous rise. And on the USD side did well during the mini-correction. It may be relevant to point out if digital currencies are to gain from their intrinsic value they will have to compete on market capitalization with the very currency which drags their present valuation all over the map; this may mean investors will benefit from Ether swallowing not just the tail of the whale, but a good portion of its body, making way for its intrinsic valued cousins to refresh the sea with services and economic opportunity by way of active developer and user communities, subsuming their progenitor for the good of all. If the whales are worried at all, investors in Ether may not see it unless they first present the challenge. It will otherwise probably be business as usual, which isn't bad, but doesn't really seem to deliver on the widespread promise of systemic change resulting in lower fees, greater access, and, as mentioned above, new economic landscapes carved out of information in cyberspace, the virtual and limitless real estate which continues to capture our imagination and innovation.
by latticephreak
BTC short-term prediction. 2 possible scenarios EW count.BITSTAMP:BTCUSD This rally of BTC has made weekly RSI entered bullish area (RSI above 50 value) for the first time after 462 days in bearish area. We are just in 1st cycle wave and there is more room for BTC to grow but in this year BTC will be in consolidation phase and the price can not break last top high near $20000. In short-term point of view, BTC is going to the end of 1st cycle wave, my count has found BTC is trading in 4th wave and the correction today might not finish. We have 2 scenarios for this correction (4th wave): 1) The ($5000 - $5100) area is strong enough, if BTC price hold on this area, the next rally (5th wave) will take place on monday or tuesday on next week. 2) In case of the sell off is stronger than expectation, BTC will drop to ($4700 - $4800) area (MA200), which is the super strong supportance. The next rally (5th wave) will postpone for a week. Whatever scenarios will run, target of this rally is expected at around $6000, which is a very strong (base on technical) and psychological resistance. BTC has not enough buying force breaking this resistance on this 1st cycle wave. At that price ($6000), 2nd cycle wave will happen, I shall post analysis for this move on next post. Due to high BTC dominance, altcoin will bleed too much even if BTC pump or dump. It is better to trade top coins and strong coins at this situation.
BITSTAMP:BTCUSD
by Batrachotoxin
Odds favoring the bears or the bulls in the weeks ahead?Trading Style: Swing trading 4hr/Daily/Weekly Observations: Weekly: Doji candle still valid till we close current weekly candle closes above $4056.33 Volume has considerable dropped in the past weeks. Bulls buying the weekly dip, but move lacking volume. Daily: Daily higher low at $3858 anything above keep bulls in control. RSI approaching oversold conditions. Exponentials acting still acting as support. Analysis: I still believe that the odds favor the bears in the weeks to come. We are currently trading above last weeks doji candle formation, but this weekly candle has not close yet so in my opinion this doji is still valid, needless to say that the market doesn't necessarily needs to retrace right away. BTC can enter a period of sideway trading before its next leg up, or simply retrace to make a new higher low allowing for prices to become more attractive for the bulls. The key here in my opinion is understanding where BTC might retrace to, where can it possibly make this new higher low, or is it going to consolidate within the green box? Possible Plays: In my opinion BTC consolidating within the green box is the least likely scenario, my reasoning behind that comes from the lack of volume and the fact that we been rejected the last previous 8 attempts. I will be more confident in this happening if BTC was at current levels, with increasing bull volume. Note: If BTC manages to close above the $4050 level, back test the range, holds it as support, consolidate between 4k and 4.5k my sentiment will completely change, given that at that point the bulls would have proven to me that they are able to hold as support a level that has proven to be extremely difficult to break. - If the odds start favoring this scenario I'll be zooming into other timeframes to determine a good entry point. Possible profit taking 5K to mid 5k keeping an eye on the SMA50 to act as possible resistance. I see the odds favoring a pull back given that we have NOT establish a weekly higher low since $3337, also the volume dropping off is a huge red flag for me showing that the bulls are exhausted or close to exhaustion, which is to be expected considering that we been grinding our way up for the last 8 weeks with no breaks in between. This in combinations with the doji formation from last week simply have me favoring the bears or a period of sideways trading in the best of scenarios. - If BTC was to lose the Higher highs, higher lows on the daily chart I will be looking to 3700 area to act as support for a possible swing trade given that this area has previously acted as both support and resistance, if this fails I will be either looking for entries close to the SMA200 or the ascending support line of the tentative ascending triangle formation. If this levels break this analysis will be invalidated given that I'll have to re-access the market environment. Sentiment: Long term bullish, Short term Bearish. NOTE: I apologize for saying in my previous analysis that we had lost the higher high/ higher low pattern on the daily chart, to be honest as I was reviewing BTC today I saw no indication of the daily trend being lost so I frankly was either looking at a different timeframe or wasn't paying attention to what I was writing given that the uptrend in the daily is clearly intact. I believe that the best way to learn is to hold ourself accountable for our mistakes and learn from them. Disclosure: I am in no way shape of form qualified to give any financial advise, this are simply my ideas and my personal observations. I believe that the best way to learn is to put your thoughts out there and hopefully learn from those that have been doing this for a long time, having said that please feel free and call me out in any mistakes, or things that I am overlooking.. Constructive criticism is very much welcomed, no better way than learning as a community.
COINBASE:BTCUSD
by jemk88
2
BTC Weekly consolidation on its way? Trading Style: Swing trading 4hr/Daily/Weekly Observations: Weekly Chart: Doji at the top of the trend confirmed, by price trading below $3915 increasing the odds of a period of sideways trading or a market pullback in the following weeks. BTC last weekly higher low $3337.87, BTC has grind its way all the way to the exponentials without establishing a new weekly higher low, there's a lot of room to work with.(keep an eye on 200SMA to act a a possible support for a new higher low) Declining bull volume for the past 4 weeks indicating bulls are tired. Seems like the odds are favoring the bears as of now, a weekly pull back to set a new higher low its clearly on the way. There's a clear shift in momentum in the daily and 4hr time frames that strengthen this point of view in my opinion. Daily: Uptrend has been lost currently setting lower highs and lower lows, confirming weekly pullback has begun. Possible H&S formation taking place neckline around $3771 Very weak bounces after pullbacks, bulls not buying the dips aggressively, opening the door for bear flags in the Daily & 4hr time frames, keeping in mind that most likely the EMA12 & 26 will act as resistance if playing this type of bounces, I'll be taking profit as soon as price reaches them. (not currently interested in playing 4hr bear flags) Possible Play: The only trade I am currently interested is the possible H&S pattern on the daily chart, neckline around the $3770 area which also in previous scenarios has played as a clear support/resistance in the 4hr time frame. I'll be looking to scale in my position during 1hr or 4hr oversold RSI levels (around the green box) with a tight stop loss below the neckline, looking to play a quick 2 or 3 day swing. Please keep in mind that H&S like any other pattern don't always break to the downside but rather ''most likely" break to the downside, but unless volume and the charts tell me otherwise I'll keep this as my only clear play at the moment. Disclosure: I am in no way shape of form qualified to give any financial advise, this are simply my ideas and my personal observations. I believe that the best way to learn is to put your thoughts out there and hopefully learn from those that have been doing this for a long time, having said that please feel free and call me out in any mistakes, or things that I am overlooking.. Constructive criticism is very much welcomed, no better way than learning as a community. Happy trading everyone!!
COINBASE:BTCUSD
by jemk88
Possible short term trade 1hr/4hr timeframesCurrent Style of Trading: 4hr/Daily/Weekly Swings. Sentiment: Longterm: Bullish Short-term: Bearish - Please for long term daily and weekly chart info check: Observations: 4hr: Bear volume is considerably higher on pullbacks than the bulls on the bounce. Immediate support at $15.53 resistance at double top $16.84 Failing to establish a higher low compare to 16.84 (double top) followed by a break of $17.51(previous daily high) will keep the bears in control, a break of $16.84 will increase the odds of upcoming daily consolidation. 1hr: Uptrend still intact after the bounce that took place from $15.53. How did I spot that a bounce was about take place? A bounce was clearly about to take place which was signal by the oversold RSI and the bullish piercing pattern signaling a possible reversal, confirmation was given by trading above piercing pattern. Please feel free to share your own observation on this bounce and how did you know it was most likely going to take place in the comment section =) (I did not enter a position given that I wasn't in front of my computer) Clear double top at $16.84, losing the 1hr Higher high/ higher low pattern will indicate that the 4hr chart is ready to pull back possibly to around mid to high $15 range where the SMA50 is located right above the current low of $15.53 A break of $15.53 will indicate a shift in momentum on the 4hr chart signaling further downside will most likely take place on the daily & weekly chart. Possible play: I am currently interested in the 4hr chart setup highlighted by the dotted lines. The double top is clear, per technical analysis we know that double tops tend to mark a reversal in the market. I'll be looking to scale into a small position between the high to mid $15 range on 1hr RSI oversold levels looking for a quick bounce to the top, possibly selling up to 75% on the way up to retest the double top price range (If this trade take place be aware that it is unlikely that we will retest the double top falling short, so Ill be selling way before we reach the top for a 2 to 1 risk to reward ratio. Disclosure: Please keep in mind that this are simply my ideas on the market, I am in no way shape or form qualified to give anyone any financial advise. All I'm looking for is to become a better trader with time and the only way too do this is to post what I am looking at and take criticism from those of you that been doing this for a very long time, having said that please feel free to call me out on any mistakes, or incorrect analysis the best way to learn is from each other as a community.
by jemk88
Short opportunity, SP500 set to fall IF some conditions are met!As you may know, the SP500 has been rallying since the FED chairman, Jerome Powell, pivoted to a more easy interest rate policy. Moreover, it has also been pushed by signals indicating that the United States and China could reach a trade agreement soon and that could end as well the government shutdown. Tomorrow, 14/02/2019 and 02/15/2019, senior officials of both countries will meet to find a solution to their disputes. Despite this good news, my fundamental and technical analysis indicates that Wall Street will soon fall for the following reasons: - The stupendous results of the companies in the last quarters, due to tax cuts, are decreasing. Wall Street is already showing worse results than the previous quarter. - There is still a lot of uncertainty around the world, even so, the SP is close to historical maximums. - Technical analysis shows a clear resistance at current levels, which will be overcome only in the event that the USA and China reach a commercial agreement. - There has been a 36% decrease in short positions in the last three days, indicating a possible change in trend. I personally will open a short position IF ALL the points mentioned below are met: - USA and China do not reach a commercial agreement in the coming days. - The RSI and the MACD break down. - The SP500 breaks the uptrend line.
SP:SPXShort
by sickgains
1
Possible GBP/JPY short position!! SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-3 days Actions on - A – Activating Event Market will meet resistance in zone @148.4 - .... and fall to the @144 In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 144.00 FX:GBPJPY Trade Management Entered @ ..... Stop Loss @ ..... Target 1 @ 144 Target 2 @ .... Risk/Reward @ 2.5.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
Possible GBP/AUD Short Position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-2 days Actions on - A – Activating Event Market will meet resistance in zone @1.87 - .... and fall to the @1.842 In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 1.842 FX:GBPAUD Trade Management Entered @ ..... Stop Loss @ ..... Target 1 @ 1.842 Target 2 @ .... Risk/Reward @ 3.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader