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BTC Stophunters!Stophunters are real quys, perfect example of a beautiful flag setup dipped hard below support right before the breakout. You could tell that once we got huge sell volume on the 2nd smaller flag the run was over for the most part. That's where clean flagging turned into choppy channeling. Keep strong hands manipulation is strong atm. Rising wedge currently breaking out most likely a bull trap as the second half of this Bear Flag is much smaller than the first leg down.
BITSTAMP:BTCUSDShort
by Gweilo
BTC Stophunters!Stophunters are real guys, perfect example of a beautiful flag setup dipped hard below support right before the breakout. You could tell that once we got huge sell volume on the 2nd smaller flag the run was over for the most part. That's where clean flagging turned into choppy channeling. Keep strong hands manipulation is strong atm. Rising wedge currently breaking out most likely a bull trap as the second half of this Bear Flag is much smaller than the first leg down.
BITSTAMP:BTCUSD
by Gweilo
1
Switch your chart to log scale...Have a look at this. Log scale makes this "breakout" look like a who cares break of the 50 ema. Seems like a dangling carrot sent over by the bears... We are still in the downward channel shown inside the blue lines. If we get above 7300, that might raise an eyebrow. Even then we are still way below the main downward trend line from the ATH shown in green. Just seems like the bears are trying to trap some silly bulls into buying so they have someone to buy their sells. I still think this market goes nowhere until we are below 6K. I'm a silly bull waiting to buy.... come on bears! Bait me in with some juicy sub 6K worms and I will bite!! And get ETH below $300 while you are at it, and we can have a big thanksgiving meal!!
BITFINEX:BTCUSD
by davidflana
CRUDE OIL / Elliot WavesIm the Wizard of Farts and Charts and dropping knowledge as it seems no one can count simple EW patterns here. People are guessing their trades and not understanding wave structures. Let me show you how poop is done. I almost cry when I look at the stuff people post in here and Im sure lot of people are losing their money. This Crude Oil thing started with a so obvious H&S pattern that I almost laughed when I saw it in the making. Then we got into doing some complex correlation waves that are still in the making. THIS INFORMATION IS NOT MEANT TO BE USED AS A FINANCIAL ADVICE.
TVC:USOIL
by Chartmanderr
2
EurGbp: Cypher bearish: Wait for the D leg.Hello Guys. Here we looking for a cypher pattern to short. We just got a litlle consolidation, and a break out. nice litlle pullback, into the Doble top Adam&Adam. We broke Down Again, and make the B leg, on the cypher. ( LH) After that, we got a nice break Down Again, and got a LL, what make the ( Fibonacci extension C leg). Now we will wait for the D leg to complete. If you look where the D leg, come in to, you will see it right into the Support zone, And will be the "resistance" now. It, can also make decline the cypher, and broke under the C before there D. Remember to look at the RSI, and some chart patterns.
by McbmMM
Quick Litecoin analysis before bedJust putting my 2 cents about the Litecoin market after watching it for most of the day. Using trendlines, support/resistance levels, and some Fibonacci lines. Got some of the price movements correct for a quick swing trade I did not execute(A lot of fear due to the long term charts, I believe signalling a up swing rather soon). Practicing for the larger swings for when the bulls take back over and my account isn't completely dependent LTC being above 220/USD.(Rookie mistake, but a mistake none the less) I would like to see some constructive criticism or praise and speculation
BITFINEX:LTCUSD
by thetrueduane75