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Swinghigh

EURUSD Short Term ForecastD1 - We have a key resistance zone that has formed based on the 1.618 (1.15575) Fibonacci expansion level of the first wave and the 61.8%(1.16003) Fibonacci expansion level of the second wave. The price is developing a big 5 leg structure and we are currently inside the 5th wave. The price is currently breaking above the last swing high and it still has room higher towards the key resistance zone. H4 - There is no evidence that shows the trend is over here. Expecting the price to push higher towards the daily key resistance zone.
Long
by VladimirRibakov
2
BTC - New Swing High Underway The 1st of June saw Bitcoin reach a swing high of $10,400, only to make a sudden U-turn and retrace in price of over $1,000 USD in one day hitting the 61.8% fib levels before recovering and slowly making its way back up. We now find Bitcoin trading around the 38.2% fib, ($9,718). The question is: “Is a new swing high underway to break $10,500 levels?” The answer will only be given with time, but things are looking good and an imminent break out to the upside is likely in the next few days. We have been trading above the daily 20 MA for 13 days since crossing above it. We can see wicks hugging it and buyers stepping in as support. Be aware that volume has dropped slightly so look out for a break of support and a break of the daily MA 20 for a drop to the downside, but my belief is that we will see price action leave this support price zone (38.2% fib level) and move UP to test a possible new swing high, or at the very least hit prior swing high/resistance of $10,400. Good luck and safe trading.
COINBASE:BTCUSDLong
by Bistonic
2
BITCOIN PUMPING - New swing high!Hey there, Soooooo, well. Guess we can negate the bearish/healthy scenario for now as we see Bitcoin pumping over its prior high for 2020 and even wicking above the last swing high on Bitstamp to create a new swing high. This is quite a huge factor and once more signals the strength and deeper bullish bias of this ralley. This also could now be further confirmation, that we see the start of a strong bullmarket later this year and going into 2021. Reaching above 14k could still be some sort of a challenge, since I do think that 11k will be of some resistance where price will a least need to consolidate imo. Of course Bitcoin can go too ATH the next month, I do not doubt that, but it is not the most likely scenario imo. Not a lot has changed besides that I am now looking for scenario A to play out over the next days. We have a daily 7 on the TI Sequential, so we will get a 9 the day after tomorrow, maybe coinciding with a top at channel resistance and 11k. Look at prior posts for clearance. Check me out on YouTube: Enlightened Trading and Instagram: enlightened_trading_ so you don't miss out on key information and trading oportunities. Cheers, Konrad
BITSTAMP:BTCUSDLong
by EnlightenedTrading
Bitcoin screams bullishness - 1 more stop to goHey there, So there is stilll one more target to go. As I already said in my latest post, the 200Day EMA is one of the last major stops and resistances which bitcoin has to break to finally confirm a trendchange on broader timeframes. Sitting now at 8900 USD, the 200Day EMA acted as resistance multiple times in the past and seems to be of high significance when it comes to trendchanges. Another retest and breakdown off the 200 EMA would be a warning sign. Luckily not only does to imminent closeness of the price to the 200 EMA signal bullishness, also many other indicators tell us to be long. The weekly TI /TD indicator @tonevays still tells us to be long and keep sitting in postions from the green 2 above a green 1. We now further have a green 4 barely reaching above a green 3, which continues the bullish count and its anticipated outlook on price. The further we consolidate below the 200EMA and the recent high of 9200, the more we tend to break that level.c -->Line of least resistance; Look it up on my YoutTube channel if you want to know more. If all these levels get taken out by breaking to the upside, we will look at 10000 USD and the last swing high on the daily and weekly chart. There is still much more to say, so if you are curious, check out my YouTube channel: Enlightened Trading See back next time, Cheers Konrad
BITSTAMP:BTCUSDLong
by EnlightenedTrading
2
Dax daily: 14 Jun 2019 Thursday’s session has been considerably more active compared to the previous day. Dax first headed straight up without stopping at our first resistance zone. The second level of resistance laying at 12 194 functioned perfectly and the price even formed an intra-day high there. Following was a bounce back to our first level, now being a support zone where we found some buyers taking the price slightly up again. Today we open with the gap being already closed. Important zones Resistance: 12 264 Support: 12 121, 12 054 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today’s session hypothesis Today, we hope to descend towards 12 121 just to get buyers to take the price higher. In case Dax gets below 12 121, it is more likely the price will slow down in the consolidation area from Wednesday. If bulls are strong, then the first target is the swing high from 11 Jun, followed by a retest of the resistance level at 12 264.
EUREX:FDAX1!
by FTMO
1
BTCUSD 15min/4H charts (4/1/2019)Good morning, traders. Price has continued to grind higher, finding a high of $4139.99 so far, much to the chagrin of the bearish out there. We completed six green weekly candles in a row, the previous high being five during April, and two monthly green candles in a row which hasn't happened at all during this correction. I continue to see an increasing number of really terrible analysis relating to volume. Yes, volume is low, but this is to be necessarily expected as price nears resistance and the apex of a triangle. So there is nothing overtly bearish about volume at this time. Stop listening to people who say "volume is low" or "volume is high." Without context it means absolutely nothing because volume does not live alone on its own little island. Weekly 21 EMA is around $4250 and, as I've been mentioning for quite a while now, a close above that level should signal a bullish push toward $5000 as it notches a higher high for the first time since the ATH. Failure to surpass that level will likely have price targeting the ascending triangle support at $3600/$3700, depending on how quickly it drops. Weekly Stoch RSI has been topped out for the past month. Weekly RSI isn't bullish yet, though, sitting at 44 so it would make the most sense to see price target that ~$4200 level and then retrace to set up a proper break through that resistance. But trading isn't about what we "think" should happen; it's about what does happen. As I have warned before, there is the potential for a sudden push above $4250/$4300 to ignite cascading liquidations of the cluster of shorts sitting in that area and resulting in a bit of a short squeeze propelling price upward before a retracement. With that said, the 15 minute TF shows a potential flag printing at this time which would have a target of around $4215, based on the height of the flagpole, if price follows through on a bullish break above $4130. A target of $4155 is based on the height of the descending channel/flag pattern. There are also some gaps on that short TF that lack filling down toward $4000. The 4H RSI is showing possible bearish divergence and a recent bearish Stoch RSI cross just below overbought, but the time until a reactionary price movement down may be prolonged as the shallower TFs are attempting to flex a bit of muscle. For now, the 1H price continues to find support on the 21 EMA and Stoch RSI is printing a bullish cross just above oversold. The question is, will there be enough demand showing up quick enough to negate that 4H bearish divergence? Most likely not, but we need to be aware that the possibility exists at this time. Interestingly, Bitmex is showing a lot more orderbook supply in relation to demand than Deribit, though they are both perpetual swaps. As such, traders should be careful if attempting to get into a position early based on these orderbooks. Spot orderbooks are showing supply around $4150 and then $4200. The 3D Stoch RSI has a bit more room before topping out, which also increases the chances of a prolonged move up before retracement. RSI on this TF is bullish at 57 as well. Monthly Stoch RSI remains oversold as it has been since March 2018, however it has been rising since January 2019 suggesting the bottom may very well likely be in. In other words, entering short of long right now is more gambling than trading, depending on your TF, unless of course your are entering long to hold for an extended period of time. There are too many variables at play right now that could keep what it appears "should" happen from happening. I am still long for a push toward that 4H R1 pivot at the top of the ascending black channel. The two dotted blue horizontal lines are the swing highs that we need to see price close above. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSD
by Chris_Inks
1
BTCUSD D1/M1 charts (2/4/2019)Good morning, traders. Bitcoin continues to trade sideways with no significant increase in visible supply or demand on the order books. While Bitmex has continued to show stronger supply, spot exchanges are showing stronger demand. Traders should consider both but give more credence to spot exchanges as Bitmex's swap system and 100x leverage draw to it the gamblers (those with a stronger "casino" mindset) which means they are generally short-profit driven which leads to constantly jumping between buying and selling. Spot exchange traders tend to have a more definitive outlook and as such aren't prone to as much flip-flopping. Again, this is speaking in generalities. At this point, price has printed a perfect descending channel on the daily. The daily RSI has printed a descending wedge whose apex it is nearing, and volume has continued to drop as price has consolidated, which means that we should see a strong push by price in either direction sooner rather than later. Price is also treading along, just under, the steeper red resistance. I have outlined the horizontal resistance levels in blue as well. Currently, my expectation is for price to target the supply EQ around $4500 as noted once it moves through the channel's resistance. Traders must watch for price to target the channel's EQ and then its resistance before thinking of the supply EQ, however. These more local levels give shorter-term traders ideas of where to watch if going long or short in the near term. Yesterday's candle was very low in terms of volume and today's candle is already almost even, yet the candle spread is very small so far. This is something traders should watch through the end of the day. Based on the steep red resistance line, a successful move beyond it should have price targeting the January 19th swing high around $3760/80. We would need to see the candle closing above that swing high to protect price from a bearish SFP and signal further advancement. A successful close below the January 29th swing low at $3322 would have price likely targeting the $3200 area and failure for that level to hold puts $3000 on guard. The monthly chart is interesting. We can note the large drop from the $6000s in November, however we saw even greater volume in December but a very small candle spread and good lower wick. January saw volume comparable to this past summer, but again small candle spread. This appears to be suggesting that demand continues to show up and while it hasn't been enough to send price higher just yet, if it holds then supply will continue to get eaten up and we could see price moving higher and catching most traders off guard. The wedge is the dominant pattern at this time and based on prior movement suggests that price should be moving sideways/up to challenge the pattern's resistance. This would give price another alternating touch of support and resistance thereby confirming the pattern. If that were to happen, then my expectation continues to be what it has been in that we would see price test that resistance, retrace a bit, and then push through the resistance. Looking at the daily chart, the move toward resistance isn't unthinkable. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSDEducation
by Chris_Inks
1
BTC/USD 4H/1D charts (12/04/2018)Good morning, traders. Bitcoin continues to ride the resistance line from the $6000s and is currently sitting just under the McGinley Dynamic. Not a whole lot has changed and the targets from yesterday remain valid today (review yesterday's linked analysis). The 4H RSI did break out bullishly from its descending wedge, though, and is currently sitting just under bullish at 46.5. I have drawn one more solid black line of resistance. A breach of this should have price moving definitely bullishly for the time. The 4H pivot sits at $4010 and a close above that should encourage more bullish activity. MACD is nearing a bullish cross, but if it does then it is likely that we will see hidden bearish divergence print sooner rather than later unless we see a flurry of buying activity that sends price above $4234.16 quickly. Moving above that level will pull price bullishly out of the green wedge and blue channel while setting up a showdown with the brown wedge's resistance. Remember, the latter is the one I am most interested in at this time, and a successful breach of it should have price targeting $5250/$5300. The 1D RSI is currently printing bullish divergence between 11/30 and 12/3, albeit a bit weak. As long as price closes at the day where it is or higher, that divergence should be locked in. A bullish divergence on the daily should have price rising a few hundred dollars at least. This would see price bullishly breaking out of the patterns noted above. We can clearly see a large flag printing on this TF so the expectation should be that price moves up rather than down. That doesn't mean that it is necessarily doing a full-on reversal, just that we should expect to see it play out like any other flag pattern at any other time in the market for now. The target based on this pattern's flagpole is the previous S4 pivot (blue price tool) at $4900-$4940. Doing so also brings price near the lower green price tool target based on the previous descending channel. OBV has continued to rise on this TF which is good as it indicates that volume and price are in agreement for now. All this being as it is, price finds the same problem on the 1D that it does on the 4H and that is the hidden bearish divergence that is printing. Two days ago, MACD's histogram was slightly higher than yesterday's and today's is much higher than the one from two days ago. So we see higher highs in the histogram and lower highs in price so far between 12/2 and today. This hidden bearish divergence can be avoided if price pushes above the 12/2 high of $4265 by the end of the day. If so, then price can likely avoid the larger hidden bearish divergence between 11/7 and today. But I'm not completely convinced there's enough strength in this short term hidden bearish divergence to overcome the longer term one mentioned, so traders should remain on their toes. The multitude of bullish patterns printing within each other along major resistance right now is the big plus on the bullish side. I really want to see a close above the 11/29 swing high at $4409.77 to feel a bit more bullish at this time. A close above the 1D pivot/1.272 fib extension at $4665 should have price facing resistance at the equilibrium of the yellow zone/1.414 fib extension at $4800 before heading higher to complete the targets. Lower targets, if price breaks down from here, are mentioned in yesterday's update. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSD
by Chris_Inks
Swing Highs & Lows, Support, Resistance & Confluence ZonesHello. Welcome to some random guy's educational post on Tradingview - who thinks he knows enough about trading to teach other beginners. Whether you are a beginner at trading or investing, these tutorials will help you tremendously in gathering a basis for your interest in this game. Because in fact, this is a game. A game of wins and losses, how we manage them, and how we profit over time. The most important piece to this game is 'Risk Management'. However, I need to make sure that at least the basics of swing lows/highs, supports and resistances are covered before I can go into a higher detail of what I want to cover in Risk Management. Well. What the hell is this? What in the living hell are swing highs and lows? Why do they matter? What is the point? Doesn't the price just go about randomly? Ahah! No. The misconception that many people have is that TA (technical analysis) is completely bogus. And that there isn't any correlation between where the price goes in comparison to where it's been. That my friend, is a lie. Though, predicting very far into the future using TA is extraordinarily hard, and I've learned that its just best to keep things short-term (most of the time), TA is a grounds to price action and the POSSIBILITIES and PROBABILITIES of the market. With TA, you are just accounting for what the market CAN do based on what it already HAS done. TA is never 100% accurate all the time, and is always likely to fail at some point because the probabilities in the market are never 100% probable and are never guaranteed. The only probability that is guaranteed is that the price will go "up, down or sideways." If you say that, you will always be right :). So let's get to it! What is a swing high? A swing high/low is a price point in the market before a reversal. Swing highs happen at the peak of the trend, swing lows happen at the valley/bottom of the trend. On the chart above, you will see the major swing highs in white, and swing lows in blue. What is a confluence zone? Confluence zones are areas where there is a lot of activity, multiple supports and resistances. Typically either areas of indecision, consolidation OR areas of accumulation or distribution. Consolidation: Areas where price volatility settles down, volume decreases, and the market is getting ready for a choice of a direction in price. Accumulation: Typically referred to as an "accumulation phase," this is an area where traders begin to slowly accumulate (purchase) the stock, while shuffling out short orders. This typically is low volume, and reflects a level of consolidation. This happens before an uptrend. Distribution: Typically referred to as a "distribution phase," this is an area where traders begin to slowly distribute (sell/short) the stock, while shuffling out long orders. This typically is low volume, and reflects a level consolidation. This happens before a downtrend. Accumulation and Distribution levels are a part of the Wyckoff Theory. It's a pretty simple diagram that can be googled. Now why are these even important? These levels can be used as points for a target on your trade, or even stop losses. Updates to come with examples of how these would be useful tools in trading.
BITFINEX:BTCUSD
by Elijah_Trading
2