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Shorttermsell

Short term sell - wait for a trend breakoutAs you can see today was a strong trading day for the France 40. We saw 5 large consecutive green candles which actually broke out above the regression trend. I think at the moment we can sell this market down to that green line within the regression trend which is where you need to be cautious about another increase. One thing that was surprising was that massive break above that Key Resistance level. I think that this reinforces the idea that this market isn't done increasing which is backed up by the now positive ADX indicating that we still have a strong uptrend. You can also see by the trader sentiments that we are starting to see some sellers forming. If you are thinking about buying into this uptrend make sure we fully clear this resistance line and be aware at the fact that we are now at a 10 year high. If we can fully clear this level I don't see why we can't look for that all time high of 6118.5 which is where I would place the very top of the market.
OANDA:FR40EURShort
by CurtisHolt
EOS Descending Triangle and Support Zone Bounce/Fall AreaEOS had a strong push from when i first took notice @$9.26. The hype on the coin was insane and it grew i think just a little too fast, but that is crypto. On the TA we have here im sharing an idea of the possibility of a strong short term support level being broken. I have added a possible outcome for the better towards the $18 mark but the EMA readings are not giving much hope on the 1 Hour Graph. Looking for a short term target within the next 24 hours of $16 if the supoprt level breaks with further falls towards $15 by Wednesday, this is of course always dependant on the BTC price which was not looking to strong with a pull back from the $10k mark. If the prices holds the intersecting mark of the support and the descending triangle then i think we can look for a push to break the trend line its starting to create. But is just a theory.
BITFINEX:EOSUSD
by KMacUK
BITCOIN: Bottom support at 5900$ clearly visibleThis support analysis is additional to my already published short term analysis of Bitcoin breakout of the bear trend since January (link --> see related ideas). Here you can see the bottom support line at ~5900$ (multi exchange analysis) and a light support line at ~6600$ (current OB analysis). This would be a almost perfect 71% fib retracement. Light support line is still being tested out and market doesnt really know if up or down atm. I see the chance of a short sell down to 5900$ BTC still at >70% for the next 5 to 10 days. Share your thoughts in the comments!
BITSTAMP:BTCUSDShort
by MarkiMark_1559
2
I did tell you! How to Trade Bitcoin 101!Well... it played out pretty nicely! As mentioned in my previous post, we were expecting the bounce to meet resistance between 10.2-10.4k. The bulls tried REAL hard to get it through the .236 fib line and the previous support/resistance level. It nearly got to 10.5k which I didn't quite expect and was slightly nervous with the short opportunity for me coming in at 10.4 but there was just nowehere near the volume needed to break through and then we saw a BIGGG volume sell off between 7-11am UTC. There was a big time immediate sell off at 7 UTC which tanked the price down to 9.5k (how amazing as a trader that our most stable asset can move 8% of it's $180bn market cap in less than an hour!). The bulls then pushed it back to 10.1k at the close of the 1h candle. We then saw further sells taking it down to the magical .382 fib level. This is a really key level and we are seeing it be tested as support. Other than closing a short from 10.4k, I would advise monitoring here as there's a chance it gets a bit choppy. We need to see if the support continues to hold so I'd be patient with this one and let the trade come to you. Keep monitoring volume, but i'd expect .382 to be tested a few times and ultimately for it to break when the volume is strong enough. I know I know... it's blasphemy to say you want BTC to retrace down, but if we are thinking long term this is what we need. IF we see a retrace to .500 (or even .618) then we are looking at a lovely bullish setup in mid-March!
BITFINEX:BTCUSDShort
by tgw88
3
BTC bounces off .382 but can it keep going?! Short oppo soon...After chasing ahead of the potential right shoulder downtrend, we have seen price perfectly touch the .382 fib level, before bouncing back up. We now find ourselves approaching the previous support, turned resistance. The volume doesn’t look high enough to force this through, and I think there’s a good chance we retrace back to test the 9.6k level again so is a good short opportunity if we see price get rejected here at 10.2k. Will there be enough downward pressure to take us down below the .382 level though? Personally, I hope so as I think we need a decent retracement to allow us to take a good run back up and past 11.9k!
BITFINEX:BTCUSDShort
by tgw88
3
One small retrace for Bitcoin, one final BTC rocket to the moon!As we see Bitcoin lose 10% of it's market cap in 6 hours, it would be easy to worry of a fall to 6k and beyond (and let's be clear there is still risk!). In the short term, things do look bearish, but this could be the setup to a midterm bull market and new ATHs! As BTC makes it way down the 9s, it will meet resistance at 9.4-9.6k. Ideally we would see a bit of a bounce here before retesting it and letting the bears have their way. The number we want to be working down towards is 8.9k and this is for 2 reasons: 1. This is where the .500 fib retracement is from the 2 week bull run 2. This is where the right shoulder of a head and shoulder pattern would form which started all the way back in early Jan Credit on the H&S goes to @krototar who posted about this a week ago. Whilst it isn't a slam dunk, the fact it matches very close to the 50% retrace gives me confidence that we could see the market bounce there in the next 3/4 days. I'm afraid you may bleed in the meantime, but this is where you learn! Ready yourself for those buy orders if we get confirmation of a bounce on Sunday/Monday!
BITFINEX:BTCUSDShort
by tgw88
EURUSD short term shortAfter picking up a nice chunk of change last week on the down move from 1,1992 to 1,1910 i reentered short positions on 1,1987 and 1,1957 which i am currently holding while down trend continues. First soft targets for this short term short are at retest levels of wave 3 @1,1862, intermediate target @1,18 and 3rd target @1,1756. For my long term bullish outlook for the EURUSD pair i am looking to start adding long positions from the 1,1756 level on downwards. i will post for the Longs in a seperate post once my levels are reached.
Short
by ValloLoco