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GBPUSD: possible long scenarioThis idea is based on that the market is already pricing rate cut in GBP, so it is possible that we are going to see a strong pull back in price and then buy out from the level around 1.2957.. it provides decent R:R for joining bulls with stops below 1.29 and take profit around 1.312. (R:R=2.86) If the rate remains unchanged it will be a positive scenario for GBP and it might continue going up without any pull back.. Keep in mind that this idea might be realized in several days and having long position in GBPUSD results negative swap. // Comment your opinion and follow me to stay updated.
Long
by GIgor_021
EURTRY | EURO/LIRA Short on CorrectionSelling Lira because the overnight funding you sometimes get is just insanity! On my broker I get 0.05% on my LEVERAGED position... PER NIGHT! That's 1% in just three weeks! For example I sell a position for $1000 which is leveraged x100 = $100,000. I get $1000 in just three weeks which is my initial investment, this means I make 100% ROE in three weeks if market moves sideways. The technical analysis actually says it probably goes down. Insane. To the technical analysis: Wait for correction to next weeks central pivot point or 21/34 EMAs then SELL and HODL.
Short
by MarcsPal
Bitcoin - What a Bull Scenario Will Actually Look LikeThe reality is after a long and prolonged stretch of bearishness, the makers of the market for a high value asset with much future upside potential are not going to let you comfortably buy and hodl in anticipation of the moon mission. They want your coins because whoever controls supply controls the future. But they're also bound by a razor wherein destroying their market destroys themselves. July and August's extended "bearishness" followed a similar, albeit less exaggerated version of the pattern Bitcoin has followed since 20k. In the end, it formed a descending triangle and broke through major supports before bouncing dramatically and continuing the moon mission. The problem with this fractal in terms of applying it to today's situation is that it happened during the earlier periods of a large bull run. RSIs, EMA, and position of price action relative to the Bollinger bands are completely different. This is also the wrong side of the market cycle, unless you are making the assumption that this is merely one giant dip inside of an even bigger, or perhaps final, move up. That being said, Bitcoin 10x'd in price since July and became a considerably more mature market controlled by considerably more clever makers. The simple volume of buy, and especially sell pressure, caused from the spike in adoption, can also account for these differences without it breaking the "bull" trend of larger time-frame fractals. Struggle bus bouncing to $7,500 is _not_ bullish. It's bearish. Once you capitulate, the bull run is back. The algos and Chads will take all the supply below 6k there is. When the bottom is in, it will be gone in literally minutes. And this time, what will happen to shitcoins? == Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party dafoh.org
BITMEX:BTCUSD.P
by RiversAndMountains
20
Bitcoin - A Prophecy of the Future (Round II)Creating a new post on request because the other one was way too long and it was a pain in the ass even for me to update. So far this has been pretty accurate. Right now there is a ton of enthusiasm calling for a pump back to old highs. I have to emphasize that although that is absolutely possible, we are in a different place in the overall market cycle than we were on the dumps to $1800, $2900, and $5500 on the way up to the $19,000 all-time high. We have been amidst heavy selling pressure for approaching 60 days and have dumped from $20,000 to $5,800 This is the second longest correction in BTC's history and the second biggest in magnitude. People have developed very bad habits and a very smug sense of self-satisfaction amidst the perpetual bull run. Longs at an all-time high. People have confused this situation with previous dumps on the bull run. Even long-term and very strong traders are confusing this situation. The SEC and CFTC have also yet to deal with: 1. Unregulated exchanges 2. ICOs 3. Tether and Mount Finex 1 & 2 are issues Giancarlo and Clayton discussed explicitly during their testimony. Tether was a topic that they _all_ avoided, even while touching _every_ other hot topic in crypto. That's because the CFTC still has open subpoenas with Finex and Tether. I'm still of the opinion that a big move downwards that targets long term hodlers and miners is coming before Lightning Network launches. Institutions want ALL of the underwriting coins of the world's new central banking system. They will just catch you offguard when it comes, as you gather to pray to the $30,000 moon like you are about to at $9,300. == Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party dafoh.org
BITMEX:BTCUSD.PShort
by RiversAndMountains
189
Bitcoin - So, you were told $8,000 is coming?Right now alts are like kites drifting in the wind, following Bitcoin. Unfortunately, Bitcoin Cash is asleep as well, so here we are. Focusing on the main event. So, you've been told $8,000 is coming and suddenly after much reluctance and many failed longs, $10,000 has come and gone twice and five figures remains. There is much danger in this market. Things are no longer strong. That means the largest operators are sitting short, and you can think about what that means for yourself. Nothing goes down in a straight line, as they say, nor do whales make things easy. On the way up, they hurt both shorts and longs. Why not on the way down, too? In any event I think it's going to bounce for lots of different reasons, mostly because people capitulated and shorted at $10,000-$10,500 and are now trapped. Fomo will be triggered, short sellers will provide rocket fuel. Long: $10,600~ Target: $12,450 Stop: $10,200 RR: 4.68 == Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party dafoh.org
BITMEX:BTCUSD.PLong
by RiversAndMountains
9
TRX/ETHTron hitting some lows against eth. I made the swap today after taking gains on eth from 740 to 1,410 since eth has been feeling toppy to me and i suspect a double top here before a large retracement. I plan to hold until we see what the bounce is like from this trend line and if we can see some of the same volume we had the past week. I feel pretty good about this entry point on the pair but full disclosure i do plan to switch this portion of my investment back to eth during it's retracement.
Long
by pablosayed