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Simple BTC tradeAre you a bull or a bear? It doesn't matter much here to be honest. This one isn't hard. The resistance and support areas for BTC are obvious. Are you a bull and you think BTC is going back to 20k and than 50k or maybe up to 250k? Maybe someday it will... But even if BTC found it's bottom and we are now in uptrend it's just very unlikely for the price to sky rocket through 6k. So why not short it? After it bounces from the resistance the only support at the moment lies down at ~4250 area. It's really not much else in between. No man's land. At least for now. I expect price will stay between in 4.2-6k area for quite some time as well. It's hard to imagine that BTC will switch from bear to bull mode so smooth (even if some alts suggest so). So we should get some retests of lower level(s). Some ugly red bars to get rid of all of panic sellers.There will be plenty of them. Than you can go long. As a trade or even more as long term hold if you want. Are you a bear? Just short it. Take some profit at support and hold some if you think we will see new btc bottom. Short again if it comes back to resistance at 5850. You must be wondering what if price slices through resistance. Well guess what --> You are risking around 4% to gain 25%. This trade needs to work only one time out of 7. So if you think there is like 20%+ chance price will bounce of the resistance at around 5850 than this trade is printing money on the long run. Even if you got stopped out more often than not. This is why you have stop loss! _______________________________________________________________________________________________________________________________________________________________________________________________________________________ If you've learned something new by reading this you can choose to support my work! --> Sign up on Binance with my Refferral link: www.binance.com --> Sign up on BitMEX and get 10% discount on all fees for 6 months after you sign up using this affiliate link: www.bitmex.com The supporters will get all the help you need to learn how to use different trading platforms AND understand risk management in trading. So now your account can be safe. Do you know why you should always use Stop Limit instead of Stop Market on BitMEX if you don't want to wake up someday with an empty account? You can also choose to just simply donate to one of my addresses: BTC: 12qe5buhPQTAEnqmMYBNafymePd9BAgqJT ETH: 0x134c60f13c48fe1ea48b10f980a2c68070f1bf82 LTC: LTuRNgXDU2ojj7DseX4GRhQcFyJzXo82mn I always suggest trading on demo accounts at least until you have decent sample size of trades without losing money.
BITMEX:BTCUSD.PShort
by Metiu
4
Simple BTC short tradeAre you a bull or a bear? It doesn't matter much here to be honest. It's not hard to see where is the resistance and support for BTC. Are you a bull and you think BTC is going back to 20k and than 50k or maybe up to 250k? Maybe someday it will... But even if BTC found the bottom and we are in uptrend it's just very unlikely for the price to sky rocket through 6k. So why not short it? After it bounces from the resistance the only support at the moment lies down at ~4250 area. It's really not much else in between. No man's land. At least for now. I expect price will stay between in 4.2-6k area for quite some time as well. It's hard to imagine that BTC will switch from bear to bull mode so smooth (even if some alts suggest so). So we should get some retests of lower level(s). Some ugly red bars to get rid of all of panic sellers.There will be plenty of them. Than you can go long. As a trade or even more as long term hold if you want. Are you a bear? Than it's even easier. Take some profit when price comes down to support and hold some if you think we will see new BTC bottom. Short again if it comes back to resistance at ~5850. You must be wondering what if price slices through resistance. Well guess what --> You are risking around 4% to gain 25%. This trade needs to work only one time out of 7. So if you think there is like 20%+ chance price will bounce of the resistance at around 5850 than this trade is printing money on the long run. Even if you got stopped out more often than not. This is why you have stop loss! _______________________________________________________________________________________________________________________________________________________________________________________________________________________ If you've learned something new by reading this you can choose to support my work! --> Sign up on Binance with my Refferral link: www.binance.com --> Sign up on BitMEX and get 10% discount on all fees for 6 months after you sign up using this affiliate link: www.bitmex.com The supporters will get all the help needed to learn using different trading platforms AND understand risk management in trading. So now your account can be long term safe. Do you know why you should always use Stop Limit instead of Stop Market on BitMEX? If you don't you can wake up someday with an empty account. You can also choose to just simply donate to any of my addresses: BTC: 12qe5buhPQTAEnqmMYBNafymePd9BAgqJT ETH: 0x134c60f13c48fe1ea48b10f980a2c68070f1bf82 LTC: LTuRNgXDU2ojj7DseX4GRhQcFyJzXo82mn I always suggest trading on demo accounts at least until you have decent sample size of trades without losing money.
BITMEX:BTCUSD.PShort
by Metiu
$etsy H&S, Part 2 Declining volume, bear divs, ATH resistance.NASDAQ:ETSY Ignore that purple line, I didn't see it there when I posted the chart. Title says it all. Declining volume, Bear divs, Overextended, Head and shoulders, Nasdaq stretched overbought for the past few days. One catalyst and this will drop just like last time. Set your stop loss at new highs, easy play. I'm playing this with ITM puts and my target is lower than last time. Short the red area, cover in the green. Sidenote, Nasdaq looks to be rejecting from the 0.5 fib retracement from the all time high to the bottom. Should be significant pullback soon.
NASDAQ:ETSYShort
by teckno05
$SPY - Reaching 2017 Levels$SPY - we saw the weakness we talked about yesterday in the market. Continuation selling for Friday. Still no sign of strength or bounce action. We will be looking around the $235 market where the 200ma is on the weekly chart as a significant line of support for the market to catch itself and get back on its feet. Scary times. Trade small we have noticed even trading the inverse ETFs like the TVIX, SQQQ, UVXY, TZA our hold times are much shorter. Inverse ETF bounces are getting bought up which gives us great opportunities to get in on support on TVIX when the market looks weak. Exciting holiday trading for sure!
AMEX:SPYShort
by BullsOnWallStreet
$GDX $NUGT $JNUG Short play - Is this where you want to go long?I rarely post two charts in a day but this one seemed pretty good. Self explanatory chart, Classic support turned resistance. I also see divergence between the price of gold and the gold miners, with gold not moving at resistance and GDX pushing up. I think that signals GDX is over extended. I can update it later to put more detail if needed. Short/sell at the Red rectangle, cover at the green ones. Keep in mind this is 2016-2018, seems pretty solid. If you agree/disagree leave a comment. Update: Forgot to add there's a trendline we're hitting if you connect Jan 23 2018, July 10 2018, and now. That's lot of resistance signals in one place.
AMEX:GDXShort
by teckno05
15
ETHUSD More Sellers on the WayETHUSD looks ready for nice push to the bottom, possibly being the last big dump before cryptos start recovering. On the daily timeframe, price seems to be stuck in this downtrending channel. Linear regression suggests that price is going to fall downwards to at least the previous low of the 12th of September. Down-Top analysis starting with the 1hr shows price ready for a bearish TK cross, if this happens then I fully expect for price to create a bearish TK cross on the daily level and target even lower prices. Entry: 230.14 SL: 254.9 TP1: 161 TP2: 110
BITFINEX:ETHUSDShort
by aldairhernandez30