Get started

Technical-analysis

**KEY AREA FOR UJ**Possible continuation of the bearish market. Daily descending channel, with a strong break of a previous Support & Resistance zone on the daily. Price is currently trading below the zone and forming wicks in the zone from the bottom. Possible re-test for a downside push, waiting on a strong bearish candlestick formation or a market structure pattern on the lower time frames for a sell entry. For me to change my bias and go long, I would like to see price trade above the zone and form a higher - high. upon trading above the zone I would like to see price re-test the zone a give a bullish confirmation to get into the buy.
by theyngn
A Short-Side Maxar Options PlaySince TradingView made it so you can't remove posts, my first (test) post will unfortunately remain, but since it's actually getting a few views (in all its glorious mediocrity) I figured I would at least share the full trade. On May 23rd, NASA announced its selection of Maxar for the construction of the first part of their upcoming Lunar Gateway, slated to support future manned missions to the moon in 2024. Maxar has been struggling for a while for a number of reasons, including a slump in geostationary satellite sales affecting revenue among other factors including negative analyst ratings stemming from over-leveraging including debt rating of B1/B, ‘sub-investment grade’ from the ratings agencies. On another note, insiders only own 1.2% of outstanding shares. Doesn't show a lot of confidence, at least in terms of expectations for stock value. Share prices have reflected this ongoing difficulty (glance at a long term chart and it's extremely apparent what I'm talking about), and this news about the Lunar Gateway project, announced both through Maxar's investor relations page as well as being mentioned in a YouTube video announcement on NASA's channel, was seen as a much needed positive signal for the company, and became a catalyst for a move to the upside. Due to Maxar's being small-cap as well as their low share price I also suspect that retail intraday traders saw this catalyst as a potential to make a quick trade, further propelling the stock to the upside, reaching around 20% at its peak. Throughout the day I will often scan for the biggest movers throughout any given trading day to look for potential options plays, and I will often take the cynical side and enter put positions on companies that have risen sharply on minimal information despite an obvious bearish trend long term. Maxar met my criteria, and after analyzing MAXR's past movements and long term decline I came to the conclusion that this 20% was far from sustainable as the movement was based on little more than an announcement and success was far from guaranteed in this new venture (even though I as much as anyone would like to see this Lunar Gateway happen in the very near future). I entered into a Put position 2 minutes before EOD on the 23rd of May, starting with in-the-money contracts with a $10 strike price (for risk management reasons), and with a much longer timeframe than many of my trades (in this case, Expiry of July 19th) because I wanted to allocate some extra time to let this play out, knowing that MAXR wouldn't be dropping 20% the next day, that I would likely be waiting for negative PR relating to the Lunar Gateway venture for a more significant gain, and that the bagholders from trading would take a bit of time to come to the conclusion that ultimately they would have to sell, take the loss and move on. Since I entered my position the share price has, on average, continued to fall - and is still dropping as I write this. To conclude, let me share a paragraph from Rich Smith writing for The Motley Fool that I think sums up my sentiment on MAXR - "I personally would love to see the company succeed on its Lunar Gateway project -- and rethink the satellite servicing contract, too! But with $3.3 billion in net debt on its books, and no free cash flow coming in to service that debt, I don't see Maxar's problems as over just yet, and even this week's positive NASA news may be too little, too late to save the company." Thanks for reading, please like the post if you enjoyed it and give a follow if you'd like to see more of my options trades explained in the future.
MShort
by gweebo
4
Gold Fundamental analysisA significant rally characterized the gold exchange rate due to the escalation of the commercial war Investors are interested in reliable instruments after introducing new import duties on Donald Trump Mexico. Because of the instability caused by the commercial war, it increased demand for the Japanese yen, which is gaining hand in hand with gold. ETF funds increase demand for gold The price of gold continues to be in the overbought range of RSI. The gold exchange rate began to test the previous technical peak.
FX_IDC:XAUUSD
by LszlRakonczai
1
9500-11k? Or fakeout?I could be incredibly wrong, but this setup looks like the perfect storm for a fakeout after we test 8500. Even if we do make new highs, ill be incredibly cautious to open any more new long positions. Even though trading view says my investment strategy is shorting, im not interested in opening any new short positions either. I wanted to clarify that, I want to go long but now is certainly not the time. If we break new highs, people start fomoing into long positions only to realize we don't have the fuel to break resistance we haven't yet even touched. In order for leverage trading to be directional to price action, there needs to be more people actually trading spot. For instance, if everyone is going long, market makers can just use that to cause the market to move in the opposite direction if there aren't the same amount of positions open on spot. I think we are due to at least test 8500 once, but with everyone in the same mindset that if we break new highs, were FOR SURE going to 10k. This is bad thinking and just another example of why it's good to be a contrarian. The moment we create a new local high, every oscillator will be screaming divergence. I can't imagine this being algorithmic, it would have to be 100% market maker participation. Bitcoin as of recently has not been a technical market, it has been 100% emotional. At this moment, It's a contrarian's market and has been since we capitulated below 6k back in November 2018. Market makers have 1 job, that is to make a market and they have been doing a good job creating a ton of emotions along the way. The real question is... when will people stop longing the dips rather than actually buying the dips? This is going to be interesting.
BITFINEX:BTCUSDShort
by UnknownUnicorn2831343
2
BITCOIN - My Next Buy PointI've taken two clear buy signals since Bitcoin bottomed. Now there may soon be a third. BTC has hit strong resistance at around 8500, where it last peaked almost a year ago. If it manages to break through this resistance line, we could see another strong breakout. As a 'Trend Following' trader, I only buy once the breakout has begun. Buying too early means you usually get caught in a lot of up-and-down choppy trading. The breakout is NOT inevitable, so I only buy if it actually happens, not just because I think it might happen. If the breakout suddenly reverses after I've bought, then I will have a stop loss in place a little distance below the breakout level, and I will take a small loss. As ever with trend following, there are a lot of small losses, and a few massive wins that outweigh all the small losses. The losses are the costs of trading, but the wins make it all worth it and make it very profitable to trade crypto. If you'd like to see more of this kind of analysis, please like and follow. My book, THE CRYPTO TRADER, has just been published by Harriman House and is available on Amazon worldwide now. See the link below.
COINBASE:BTCUSDLong
by GlenGoodman
2
AUSSIE to the upside after breaking major descending trendline?After almost 30 consecutive days of downside movement materialized by a descending trend line, the pair broke the major trend line. On the H4, the breakout followed a phase of stabilization with the pair unable to create a lower low under the 0.68650 zone. During the stabilization phase, a bullish divergence was formed on the RSI 14 indicating a change in trend. I expect to see the Aussie dollar reach 0.70000 level in the next trading sessions but will favor a retracement to 0.69050-0.69100 before entering a buy order. Safe trading!
Long
by Gastunechi
Cotton CT1! Idea LOnGHi there . The recent trading idea is for Cotton CT1! . After the last hard week now turns for a possible rebounce until the price of 72. This technical trade response immediately to oklahomas latest news about weather conditions. Oklahoma is the center of the biggest US cotton producers and US is the 3rd biggest producer in the world so maybe an upcomming decline in the supply of cotton worldwide. This scenario is also confirmed through a technocal scope of the unfilled gap until the price pf 72. Maybe yes ? Maybe No? This is only an idea. Invest with safety !
ICEUS:CT1!Long
by OmenFinance
BITCOIN - How did I know when to buy?A lot of people have been asking me how I chose this entry point, which led to a big profit, so here's how to do it: 1) Clear your mind of all the news, all the discussions, all the opinions about Bitcoin. It clouds your mind and confuses your judgement. 2) Look at the chart calmly and decide what pattern is forming. Where are the current resistance and support levels, the levels where the price tends to turn around and head back in the opposite direction? In the early stages of a pattern's development it can be hard to identify these levels with any degree of certainty. See how in this chart I posted 3 weeks ago, I was still toying with four different possibilities: 3) As the pattern develops it becomes easier to choose one probable interpretation. In this case, it was developing into a "broadening triangle", the shape of a megaphone, a relatively unusual pattern which is not particularly reliable. It is neither bullish nor bearish, but it does at least allow us to define where the support and resistance are strongest (the blue dotted lines in my main image at the top of this post). 4) Once the dotted lines were established, a decisive move above the top line would be a breakout worth buying. Breakouts often fail (and you can see the first attempt failed in this case before the "real" breakout succeeded). Trend followers like me make our money by making big profits on the breakouts that succeed and exiting the failed breakouts quickly with a small profit or a small loss. The few big profits outweigh the many small failures. This technique is proven conclusively to work across all markets in numerous academic studies and backtests. I stick mostly to 'classical charting' - the simple tried-and-tested patterns first talked about in early technical analysis books, a hundred years ago. I use these because, again, numerous academic studies have proved these patterns can give you an edge in the markets. The same is sadly not true for some more recently-developed TA techniques. I hope I've covered everything there. I'm always happy to answer any questions. And of course I go into a lot more detail in my new book, The Crypto Trader, available for pre-order on Amazon (and released on May 20).
COINBASE:BTCUSDLong
by GlenGoodman
4
BTC is HOT - where its looking to goHey everyone, Shutout to all the mom's on this mother's day! Let's get to it. EXCITING STUFF going on here. Although I didn't enter thinking that price was going to skyrocket the past day, we did have a successful long from last week that still brought in a hefty chunk of cash. Taking a look at the chart today, BTC is HOT. after an exponential run in just 48 hours, the coin needs to relax and lay low for a day or two before any big moves happen. The RSI is teasing the danger zone, and needs to consolidate to around 60 ish again and move out of that overbought position. The highest number of shorts (since January) were just liquidated on the asset, possibly due to exchanges wanting to cover their butt as all sorts of scandals are draining money (Binance?). There are a few different prices that BTC could consolidate at and I'll tell you in order the strongest to weakest. STRONG Bull- 7000. It's a psychological level, it has a fib level sitting right next to it. The EMA is keeping the price floating right above it. BTCUSDSHORTS is hitting a consolidating area right now, which is about at $7000. EHHHH - $6600s. This range has a tremendous amount of bull volume supporting it, and it's also right next to a fib level. If I was going to swing trade long at 7000, I would throw a stop loss around this level Weak Bear - $6200-6250 .If you don't think there's a chance to start a bull run, I'd look to short around this level. There has been consolidation here before, consistent bull/bear volume. Price trended here for a substantial amount of time prior to this run, and, as always, there's a nice cushion from the fib level here. Depending on your trading style and attitude towards the market, the strategy will be different. Personally, I am very bullish due to the overall change in sentiment, and I believe crypto will take off. However, if you think the technology is not worth the current price, trade to your style. Make sure to always STICK TO YOUR PLAN when you trade, and make predetermined adjustments as the market evolves. Don't trade emotionally and make sure you're not just throwing in money because of FOMO. What do you think? Is this a short-lived trend that exchanges are just using to get some extra cash? -Block
BITFINEX:BTCUSD
by block21e8