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Technical-analysis

BTC big move up or down side?Another big move incoming soon and I reckon a breakout to the downside. I'm sorry for bursting your bubble moonboys, but this unfortunately looking like a blow up top. With the launch of bakkt inc. I'm very bearish short term. Bakkt is bearish, because investments are short term costs. If you invest in something, it will cost you money. This is pretty basic. Besides I'm pretty sure BTC is going towards $7500,- region and worst case bearish scenario; BTC creates a higher low in the $4700 region before the next bull run. Personally I am hoping the next bull run will be at around $7500 region since this is golden retrace region. But I could be wrong, I hope I am wrong then I can finally cash out, but the bullish scenario; BTC creates a lower high at the $11.8k region. But this is less likely to happen. Because this would be quite jinxing. It will get rejected at those regions and if it dips down, it will be dramatic for the moonboys. I predict mass liquidations at these regions. Tip for the moonboys: DO NOT FORGET TO SETUP YOUR STOPP/LOSS. Always look at both side of the coin. Nothing goes up nor down forever. Only if BTC dies, but I do not think this is even possible anymore. Unless some kind of global EMP burst out and damaging every server, then yeah. But It is becoming more and more apparent that we are living in a digital world. That's why I am very bullish for BTC and even some shitcoins(EOS,LTC,XRP,ETH) long-term. Don't forget, the trend is your friend. Good luck!
BITSTAMP:BTCUSDShort
by bonic
Can This Keep Going?Hey there Trader's! This stock exploded today with huge volatility, and made an impressive 45% gain today . I'll be watching this tomorrow for possible continuation, looking for break and re-test of the important level of 7.90 , I've set my alert! I didn't see any see any news that was released today. If your holding stock, definitely watch 5.71 as a break and re-test off that level going bearish would signal a break in the current structure, good to keep that in mind! Goodluck to everyone! If this information helped you at all, please be sure to LIKE and FOLLOW me here on tradingview for more stock picks! Tyler, Out!
NASDAQ:EDSA
by TradeWithTyler
ADA/USD Chart - Ending Diagonalprice within an ending diagonal triangle -> end phase of a bearish trend (at least temporary) - 5 wave structure within the ending diagonal seems to be completed. - Confirmation would be a break of the upper resistance of the ending diagonal. If price rejects form here price should test the pivotal 0.5er fib level of the Blue range. -RSI, Stoch and Godmode show bullish divergence on a daily timeframe. Target would be the 0.382 and 0.5-0.618 fib level which converge with the bigger diagonal resistance.
Long
by CryptoWhat3lse
SPWR Bull Breakout of Failed Wedge SPWR had a huge bull breakout of a failed wedge bear flag. When a wedge fails there is often a measured move based on the height of the wedge. Prices are also testing above the top of the bear breakout and sell climax of August 2016. However prices are still within a large trading range (always look left!). This increases the likelihood of heavy two sided trading to continue. However the next likely bull target is the middle of the converging triangle and bear breakout around 21.00 which is also around a measured move up based on the wedge. The buying pressure over the past year or so has been strong enough to make a larger second bull leg up likely. There are quite a few open bull gaps, the most recent being around 12.00 from this bull breakout. If the bulls are able to keep this or the 10.00 gap open it will increase the chances of a strong bull reversal and test of the upper trading range around 35.00. If you found this helpful please like! Feel free to comment or ask questions.
S
by tradersmentality
1
Scalp Trading, BTC still in a mid-term down-trend, BUT...Longing here is risky due to the mid-term trend is down, not up. Taking a short after a rally will be more in your favor. This trading idea is more for the scalpers and for the public to have an idea what BTC is doing. I'll keep it simple. Yellow line - 21 EMA Pink line - 200 MA Purple line - 200 EMA Orange line - 10 SMA On the 8 HR time-frame, BTC is still holding on to the 200 EMA/200 MA line (purple and pink line.) We closed above the line, and as long as the next 8 HR candle closes above, it'll make for a good bounce on BTC up into the $10,000 area. This number is not exact, but the small bounce should carry between the price range of $10,000 - $10,200. But as I mentioned before, this is just a small bounce. Any rally will be sold into and the overall Mid-term trend will continue. imgur.com On the 4 HR, there is bullish divergence forming on the CCI. This will more than likely be an entry signal on the 4 HR as the CCI re-enter the lower band. When I see a bullish divergence, I typically want to see price retest its 21 EMA. On the 4 HR, the 21 EMA happens to be around the $10,100 range. This has nice confluence with our 8 HR. imgur.com On the Daily time-frame, you can see the 50 EMA is also hovering around the $10, 100 range. Going forward, this should act as resistance and a good sell point for any scalpers. The Mid-term trend is still down, as we make our way towards the mid-8,000's to meet up with the 21 EMA on the weekly time-frame. *If anyone can show me how I can post multiple charts without using a link, i'll be grateful.* If you like my analysis of the market and it helped you learn or made some money, please consider using my referral links. www.deribit.com www.bitmex.com
BITSTAMP:BTCUSDLong
by cooface
1
**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