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Sideways

Short to mid term BTC playLooking at the I have a fib extension from the top of the 2017 ATH (20K) and if you look it has played these Fib extension levels like a champ! Currently I am seeing lower highs and lower lowers forming from its prior 42K top I could see BTC pump up to the 35K range and ideally get rejected form the downward trend line which might be a good potential for a short term short. Target downward to the 1.38 fib or 27,500. If BTC breaks above and holds above the 35K area then the trend pattern has changed. If BTC post a HIGHER LOW IE 29K or higher then the pattern has changes. This could be the range of sideways trading that we have been waiting for for the first alt season to take place till is coils to the end of the triangle. Lets see what happens and best of luck!
KRAKEN:BTCUSDShort
by BlockchainBreakdown
1
Btc may just sideways and dump with very little upsideso here is the thing. we are right at where our weekly pivot point it coming it. its possible btc plays out down or up before thie daily/weekly close then either way reverts back to that purple line. I think corretions is just some time away. if you wanted to long try to do it on developing camarilla L3 for daily or weekly around close. If you want short do the same for H3. I do not see a lot good risk reward selling at these current prices. I will say be patient. dont front run anything here. most alts even still hve lower to got to meet their new weekly pivots. and btc going either direction now (unless huge direction) will be only a waste of time.
by Gunslinger2005
Bitcoin goes sideways, do NO panic! Let's wait for the big move!Hello traders! I can see in the chats that people are panicking that the bears have taken over Bitcoin and we will have a crash to 20k, 10k, 5k, and so on. DO NOT LISTEN TO THOSE TRADERS. There is no need to panic because we are in a sideways symmetric triangle. Price seems to have lower highs but also have higher lows. We can also see in the chart that the volume is slowly decreasing. This means that the trend range is compressing into a quiet sideways movement. Unlike the Alts(cryptos other than Bitcoin)which are going crazy in either direction, Bitcoin just seems... quiet. The ATR, or Average True Range, which visualizes volatility, has been decreasing, suggesting that every candle is quieter than the last one. But like a compressed spring being released, Bitcoin will definitely have a breakout... in either direction. The bulls or the bears will win. Let's wait for a breakout in any way. Good luck! REMINDER: DO NOT PANIC! DO NOT LISTEN TO SPECULATORS! It will not help you in trading. We're supposed to make money, right? Thanks for reading! Do not forget to like and follow for more insights. Also read my educational post, Why a small stop loss will hurt you. Cheers!
BITSTAMP:BTCUSD
by Trader_ph
5
Will NIO touch the 50% fib retrace?NIO is having some consolidation, and it is more due to the massive growth in the EV market and investors cashing in unrealized profits before the end of the year, NIO is being sold with the rest. IMO the consolation is limited, there is too much interest in this company, accumulation is taking place, so I see 2 scenarios, the first is a sideways move for couple weeks and the other is a deeper retracement to the 50% FIB from its latest impulse, that would put the stock low at perhaps 39ish, however NIO has proved to be a lot more resilient that expected. I also see a return in growth for the whole EV market in Q121, the race will go on.
NYSE:NIO
by Allenvik
Short setup of AUDCHF at 0.6715-0.6750 with high RR ratio Technical Analysis: On the Weekly chart, the pair has been sideways for a while, sell at the top would give me a low risk trade with high reward. entry 0.6715 stop 0.6750, target 1 is 1.5 of stop loss, target 2 is 0.6450. In addition, the downtrend line in cyan blue colour would give more odds on my side. Basically, it’s a nice structure to place this trade. However, if I got stopped out. I will look for long setups for the pullback. Plan your trade and trade your plan. Before we pull the trigger, we must know the possible scenarios. Don't focus on the money, instead focus on your trading process. The money will come into your pocket.
Short
by JICPT
2
SELL THE HIGHS FROM A SIDEWAYS MARKETUse 1/2 risk. It's a nice trading opportunity at the top of a channel. It's a major resistance at key level 70.50. Doji 4 Hr candle at the resistance ( it shows indecision ). It is a risky trade though because we haven't a really clear price action but it's worth it because of the risk to reward ratio. *If it breaks the take profit target, you can extend it! ENTRY: 70.55 STOP LOSS: 70.70 (15 stop loss) BE: 70.40 (15 pips profit) --> 1:1 TP1: 70.25 ( 30 pips profit) --> 1:2 TP2: 70.10 (45 pips profits) --> 1:3 HAVE FUN & HAPPY PROFITS ! ! !
Short
by MONEYMAKER00