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Looking to short BTC at 200EMA! (Swing trade idea) BITSTAMP:BTCUSD Bitcoin's price has finally broke through the 7.5k mark after consolidating around the 7.2-7.4 levels, after the initial $600 jump a week ago. We now take a look at the daily timeframe of the chart to try to predict where BTC will go next. As you can see from the chart, the bulls have taken back control after the week of consolidation and the price is now moving towards the 200EMA which sits at around 7.8-7.9k mark. The 200EMA has proven to be quite a strong resistance and therefore it is likely to see the price rejected at that level. ACTION: Look to short at the resistance (200EMA to capture the swing back down) As RSI creeps into the overbought region at the current price level, taking a long position now will be unwise even though there is quite a good buy volume coming in from the bulls. I for one, will sit this one out and look to short only when price touches the 200EMA to capture the correction swing back down. Where to take profit? and where will be the stop loss? We can aim to take profit at TP1: 7.3k and TP2: 7k (marked by the yellow horizontal lines) after entering the short trade at 7.8 or 7.9k. The 7k mark is where the 50EMA sits at, and thus it is likely to serve as quite a strong support for BTC price. ATR current value sits at 297. Which means we can put our stoploss at 8.1-8.2k mark. This gives us a Risk-reward ratio of roughly 2.5 is to 1, making this short a highly probable and profitable trade. Let me know what you think:)
BITSTAMP:BTCUSDShort
by BlackPapaya
1
My thoughts on DBXCurrently I'm in July $33 and August $32 calls just waiting patiently through the whipsaw. But technically speaking it looks like DBX needs to clear the 33.23 area in order to really gain some momentum to the upside. The candle on July 11, 2018 could quite possibly be a morning star reversal if DBX can break out of its triangle. Line in the sand is obviously losing the low of July 11th's candle and/or the lower trend line. Let's see what she does! Would be nice if DBX was bought out in the next 1-2 months ;)
NASDAQ:DBXLong
by brianweber
1
Pepsi: Historical Lows & Swing Trade OpportunitiesPepsi has been on a tear recently. After a major sell-off from a $122 high to a $94 bottom, PEP has made an incredible 18% recovery. Today, July 10th, the breakout volume on the open was incredibly strong. With the daily RSI is getting close to oversold conditions, I could see PEP short-term price recovering to previous support level around the $109 level, before regaining momentum to the upside. Watch for the RSI levels to cool off and present another swing trade opportunity.
NASDAQ:PEPLong
by BitInfo12
Where I'd like to pick up some MDB shares$MDB is a great company and I like the technology (I'm a software developer). Although I think with today's candle closing near the low, a potential gap down is in the books that could trap people that bought yesterday. So there's a potential to make money with puts or shorting the stock if that gap down does occur. Would be a gap and go. For at least a couple months, my plan is to initiate a position with shares at each of the three ovals.
NASDAQ:MDBLong
by brianweber
EOS/USD (EOS token) EOS Poor Launch Presents New Opportunity?EOS/USD (EOS token) 6 hour bars, candlestick wicks removed by Michael Mansfield, (OMISEGO Token) 05/26/18, 8:15 PM EST, by Mike Mansfield Hola guys and gals, so I’ve been working on one of my favorites big mover (up & down) today. And yes, it did have some functionality performances issues on its launch. Ah, but does that present us with an opportunity now? Let’s see if I can answer that question. (By the way, if you have a favorite market-any market-that you would like analyzed, please let us know! And take a look at the past EOS recos. They worked very well!) BOTTOM LINE: EOS/USD has had a clear 5 wave down move from the April 28th all-time high. That means an ABC bounce of 38% or more is likely now. Then another leg down for a larger degree Wave ( C ) lower to finish off the bear decline. The potential problem with this wave count is the longer-term cycle being strong up. Regardless, it looks like the first higher swing low is now in place on this 6 hour chart. So up movement is likely either way you look at it. CYCLES: Longer-term cycle (red) is up and in the middle of its move. We do not have enough data to determine if this cycle is fully accurate and in alignment with the genesis of EOS, so we are forced to extrapolate and have it synced only to two major prior visible highs. Medium-term cycle in (green) is moving down since around the all-time high. It bottoms June 12-14th. Short-term cycle (yellow) is moving up since the May 23rd low and will likely help with this expected Wave (a) bounce. ELLIOTT WAVES: Preferred wave count: I’m looking at an ABC correction occurring over 3-6 months or so. We’ve had the large degree Wave (A) decline from the April 28th all-time high. Now we should see a large degree Wave (B) up to at leave the 38% retracement level @15.40 area, or higher, in two legs up, Wave (a) & (c). Then, another large degree (C) wave low is likely. Alternative Count: The move to an all-time high did have high momentum. And, Volume Force made a new all-time high while EOS was on the way up in April 2018. That said, should the expected up waves unfold in clear 5 wave impulse fashion, without overlapping waves, with strong volume in Wave 3, etc., then I will turn bullish fast. Regardless of count, I expect a tradeable bounce now. We currently have to go with the highest probability pattern based on the facts at hand, mentioned in the “Bottom Line” above. I’ll likely know shortly if I the bounce is a new bull market up or just a corrections. INDICATORS: Klinger Volume Force indicator (orange, bottom window) is in the middle of its range and expected to continue higher now. Not reaching the upper threshold (red horizontal line) will be one of these clue I need to see to tell me that this bounce (or more) is just a correction, not a new bull markets. If indicator does tap the upper threshold, then I will likely have to rethink the wave count into a more bullish impulsive move up. POTENTIAL TRADE: Short-term cyclical long trade. The lower risk area should be around now since it looks like the first higher swing low is now in place on this 6 hour chart Or, wait for a 34-50 bar EMA average (or something better) turns up, with price is also closing above the average, then buy the first lowest low of the past 4 bars on a 4-6hr chart. DISCLOSURE:   This analysis is meant for educational purposes only. You trade at your own risk!   Cheers!  Michael Mansfield CIO  
BITFINEX:EOSUSDLong
by UnknownUnicorn1613901
11
NZDCAD - Beautiful trade for swing traders $$$If you are able to hold a position during many weeks this trade is for you. NZDCAD is not very popular especially because of its lack of volatility and liquidity BUT sometimes once or twice a year there are very amazing opportunities to make some money with a very nice risk reward. The pair is approaching a resistance which is a weekly downtrend line around 0.94-0.95. This point could be reached in the next weeks. At this point, it will be interesting to take a swing short (Very long term). The first target would give 500 pips at 0.8850 on the support which is a weekly uptrend line. Partial profit should be take at this moment. If there is a breakdown of the support a new target would be 0.8400 then 0.80 in extension. The scenario would be invalidated above 0.9600.
Short
by Traderscope
1