XBT - BTCUSD turning bearish, -4 hours from day close
At the moment (UTC19:50ish) the market is fighting over the color of the day close. If it's a doji, better be green.
18500 was crossed and tested during the day, with no success.
Otherwise, chances are a double top is forming. Waiting for confirmation: the crossing of the neckline. If so, I might short all the way down to 16.5k, secured by stops at every attention level.
If the day closes green, we might continue with the uptrend in the triangle.
However, retracement might be healthy in order to keep the rally fueled and avoid a harder crash later on.
Long still open, but ready to reduce position and take profit at the next 18.5K test.
Shortbtc
BTCUSD Short Naked Forex- Quick PipsI love going in and out of market for quick pips! After studying this pair I believe you can get a quick 100 pips.
Deflationary Bust/ Take CareThis is my forecast for BTC/USD
In my opinion the whole financial solutions we are seeing right now are just deflationary and will be the reason why we will see tanking prices in all kind of assets.
This is just a rough plan but it will play out within the upcoming months.
BTC LARGE DROP INC / SIMPLE CHARTHello everyone! Today we are focusing on the daily chart using the MACD we can see that a larger drop is still yet to play out or to come in the very near future. This looks like its would take us down to 8,000 - 7,000 levels before creating a giant sling shot of divergence which will then catapult us into our next big break out continuing the new bull market. Funny enough, if you look at the MACD the same pattern just played out and is looking to do it again. I drew on the chart where I think the MACD will end up. Choice is yours this is not financial information just a prediction!!!
A bounce up before shorting the corn!Bulls not there yet. Bearish but bears not pushing it even lower. We could end up recovering closer to daily close. Based on TD sequential as well as the how Heikin-Ashi candles are looking. I would say interim upside before the corn decides to push through resistance or not. Long above 9300, short the corn if there is weakness.