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The last 8 weekends, BTC/USDT only went up ONCEThis is to warn you. Be a little bit careful here on BTC right now. The weekends have not been bright recently. Notice how every time the price went down in the weekend (weekend marked by the yellow lines on the chart), except for the weekend of the 23rd of February. Also, notice how the volatility increasess every time directly after coming out of the weekend. Obviously these findings relate to the fact that BTC is incredibly correlated with the regular stock market at the moment. A second interesting finding is that frequently after a drop , the price went up quite a bit directly on Monday. This is also something you could try to to monetize with a tight stop loss. For this idea I will follow the recent history and give my bearish signals. I don't see any reason why this time it should be different for BTC . Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Short
by Trading-Guru
23
Watch Out BitcoinWatch Out Bitcoin 10 APR 20 With so many people watching Bitcoin I begin to wonder what it is they’re watching for. Are they only watching today for tomorrow or are they reviewing the past to keep other views open for observation. While action is slow I like to go back and verify previous signals like the gravestone doji we were left with at the end of August 2019. If you’re asking yourself what a gravestone doji is it is a bearish reversal candlestick pattern that is formed when the top stem of the candle is greater than 60% of the candle height and the stem below the body is less than 5% of the body height. The color of the doji candle is irrelevant; it can be either red or green. It is a stronger signal if the gravestone doji is red and at the top of the trend. The opposite of a gravestone doji is a dragonfly doji and often has the opposite effect. We’ll cover that later in more detail another time I’m sure but I’ll add this reminder. It is also a reversal signal. So after seeing the August 2019 gravestone I knew to be aware of the possibility that Bitcoin price could go lower. Then when I saw the next gravestone doji on the weekly ending March 8 I knew I should let up on some of my Bitcoin holding and expect a possible lower entry point. I let go around 7300. We all know what happened next. With the climb Bitcoin has made since then it is easy to gain doubt and want to buy back in before the price really rockets. Did I jump back in around 4k? No. It was no longer a falling knife but it was still spinning and the following direction was in direct contrast to the study. That’s another reason all the other tools I use are so helpful and allow me to take it one day at a time with a clear and open mind concerning the facts I have before me. So which will we see first on the daily chart? Will today’s candle turn into a dragonfly doji or will another gravestone doji confirm the course we are on? I’m keeping my powder dry. If Bitcoin has reversed and heading to $100K it will make little difference if I get in at 4K or 9K as long as I’m not losing either. Happy Trading Everyone. Thank you for letting me shares my Bitcoin Study. I hope it helps you see the path forward in all your trades. Remember. This is not trading advice. It is for Educational Purposes only. Follow me if you wish. I do not use Twitter or Face Book. Please engage the like button and add your comments below.
BITSTAMP:BTCUSDEducation
by Flatratepete
Possible AUD/JPY Long Position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY SMP Strategy Chart time frame - H4 Timeframe - 2-3 Days Market Direction : Long Position A – Activating Event Market will meet resistance in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market will move towards the first Target 1 level @ 67.2 C - Fundamentals that may affect the pair N/A D - Trade Management Entered @ ..... Stop Loss @ ..... Trailing Stop Loss@..... Target 1 @ 67.2 Target 2 @ .... Risk/Reward @ 2.1 Happy trading :) Follow your Trading plan, Remain disciplined and Keep learning !! Please Follow, Like,Comment & Follow :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Long
by SMPTrader
1
IMMR and my study on H&SImmersion Corporation creates, designs, develops, and licenses haptic technologies Allow people to use their sense of touch when they engage with various digital products. Looks like an inverse H&S ? It can take us to 9.30 as a start. Why? The Pattern is completed on a close above the neckline around 8. The minimum objective is the vertical distance of 1.50$ from the head to the neckline projected upwards from the breaking of the neckline from 8$ to about 9.5$ A return move will often occur back 2 the neckline as a support.
NASDAQ:IMMR
by tsippi100
2
silverI was expecting that cup and handle formation - blue circle - to play out on Silver but it failed. Now back in the buy zone between 17.5- 15.6 where side ways move with support on this level will form a reverse head and shoulder pattern that will send us to the upside off the channel we have been consolidating since mid January If not next stop south is the 17.37 and further bellow it the bottom trend-line of the channel which is a moving target , roughly at the 17.25- 17.2 levels but being bullish on silver right now I am not giving many chances on those levels to play out and if they will I will deal with them as a good opportunity to load on my long position.
TVC:SILVER
by django2
Long on KBE WHY KBE? KBE - tracks an equal-weighted index of US banking stocks. Meaning, The big boys (Banks) and the smaller ones gets an equal -weight. With small cap ( IWM ) leading the major index last week and the finance sector ( XLF ) being under the radar with good earnings, we might c a major breakout 2 the whole finance sector. In the technical point of view' i identify one of my favourite pattern , The ascending triangle. With that said, We might c KBE gets the upside i am waiting 4.
AMEX:KBELong
by tsippi100
BTC WAITING FOR TRIANGLE RSI CROSS\u2028\u2028 & 50 levelHi everyone, \u2028\u2028this is just a way how this Btc situation could play out. I have been playing and trying to do some analysis only using RSI. This is how it ends. Maybe. \u2028\u2028There are two blue triangles on the chart. We are waiting for any break. If RSI happen to break up, this will be very bullish signal. Similar in the opposite direction. \u2028\u2028 We are waiting for 4H closed bullish candle or ideally for closed 1D in the area of 11 000 $ per changing a Bias to Bullish. \u2028\u2028 The action can be small, but it would give us better probability of doing new ATH soon. \u2028\u2028 You can also see that RSI is going to cross level 50 soon. Plus there are two RSI Bullish divergencies. Over all i see it BULLish, even thou iam hearing lot of BEARish noice around. Specially on Twitter. This is not a financial advice. Iam begginer, learning TA and this is the way to check strategy … \u2028\u2028Please comment. Does anyone have a tip for backtesting program for beginners? I dont know how to code yet, so something simple. ? \u2028\u2028Thank you & lot of luck to you all ! MATT\u2028\u2028 “Rising tide is lifting all boats”
BITMEX:BTCUSD.PLong
by Matyas44