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Bitcoin 20K or 100K First?Hello all! After a violent fall breaking key support & a strong trend line Bitcoin has shown us new trading opportunities. The bottom support trend line represents the final trend for the weekly time frame. Many found this fall to be a strong buying opportunity and look to an upside as long as support #1 and the weekly trend line holds. We can target the top of the resistance trend line around 70-80K. This trend line is also following the weekly 50MA acting as another support level. However, always be aware of both sides of this trade if the support and trend line is broken we can see another violent fall as we just saw after the support & trend were broken. If we have another fall look for more buying opportunities at support numbers 2 & 3 for a strong bounce.
Long
by GenesisGo
3
BTC is Powerful, but ETH is a Beast!Hello TradingView Family, I found ETHBTC chart interesting. Here is why. First, we had an inverse head and shoulders formed around 0.01-0.02 demand zone, then the bulls took over by breaking above the gray neckline. We had our first impulse movement, and we are currently in a correction phase in the shape of an ascending triangle. For the next/second impulse movement to start, we need to see a strong candle close above the upper bound / red trendline. What does this mean? ETH is showing strength, compared to BTC. While BTC was trading inside a falling channel on Daily, ETH is holding its ground. As I always say: BTC is Powerful, but ETH is a Beast! What does a bullish ETHBTC mean? Scenario 1 - ETHEREUM UP, and BITCOIN DOWN (just like this week) Scenario 2 - ETHEREUM UP, and BITCOIN UP with ETHEREUM moving up more aggressively Scenario 3 - ETHEREUM DOWN, and BITCOIN DOWN with Bitcoin moving down more aggressively Which scenario is more likely to happen in your opinion? and Why? All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
32
USDJPY Bull Scenario - STRONG NFP Data expected tomorow Hello Traders Here is a new BUY Scenario, USD/JPY Consolidating, Yen bulls but may quickly turnaround tomorrow in the event of strong NFP data. - Yen shows signs of long-term vulnerability. - Focus on upcoming Non-Farm Payroll (NFP) data. - Possible bullish continuation pattern - 114.00 level key. Forecast : Strong NFP may push USD up, No big drop until 115.600 💹USD/JPY BUY STOP ✅ Entry @113.600 or above ✅TP-1# 113.800 ✅TP-2# 114.000 ✅TP-3# 114.200 ✅SL# 112.900 JamdeJam will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals
Long
by jamdejam
2
PAYPAL ON STRONG DEMAND ZONE, READY FOR BULLISH REBOUNCEPayPal stock quick analysis & labeling of the supply and demand situation in the market. Marked out on the chart you can see zones of supply and demand, and we are approaching a zone of demand coming into this earnings release. Should PayPal post solid EBITDA and raise its outlook at all, then any bounce might be able to be traded risking off of this demand zone with a target of the previous supply zone around 305. Should it fail to do so, then the stock may breakdown past this zone of demand, and sink further as it's growth multiple is re-rated lower. While PayPal is relatively expensive right now, its solid (and accelerating) growth of 24%ish over the last year may continue, thus driving the stock higher. We are also trading at the recent relative limit of discount to average pricing, at nearly -8% to recent prices. This may be a signal of slowing future price acceleration to the downside into earnings. A potential trade around this release would be a weekly anchor spread, which is a calendar with one leg pre earnings , and one post earnings . Should the stock vol begin to calm into earnings as investors position for the news, it may be a solid way to take advantage of that with a ~$300 win per contract. Additionally, an interesting bet may be a far otm long strangle, with the long put lower than the zone of demand - bet on a breakdown. If it happens, it may be ugly. Technically we have great levels working here, globally uptrend and locally downtrend. The level was confirmed with two false breakdowns. We have to note 13th of November reports also. And we can expect accelerate movement from 220 to 300$. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
NASDAQ:PYPLLong
by legacyFXofficial
BITCOIN Standing Strong! Hello and welcome to this exclusive update on the current BTC price action. We saw a major drop in BTC price from a $52956 high straight to $42900 low. This drop liquidated many long positions in the market which was not good at all. In a higher time frame (like 1 day), BTC is all in good hands. The 200 Day Moving Average showed a great support level for BTC and it is still holding the price there. BTC must close above this 200 MA and bounce back in order to stay bullish. We also have another strong support at the $42400 level where the recent drop has left a long shadow. If BTC fails to hold the 200 MA then $42400 will be the next support level for BTC. On the other hand, a bounce in BTC will certainly lead the price back to the $50k level which is a psychological level for BTC, and in order to confirm the bull run, BTC must cross this level. Conclusion: 1. Daily close above $46k to $47k is a must. 2. A bounce will once again test the $50k psychological level. 3. Break down below the 200 MA will drop the price till $42400. Well, that's it for the update. If you find this update useful then do hit some likes, share your thoughts in the comment box, and do share. Take care.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
6