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Who's making money?? Raise your hand if your short! INTERESTING!Hello Everyone, Welcome to the latest update on Theta/BNB 4 hr chart. This is currently a very interesting chart and there is a lot to discuss. We are showing SEVERAL signs of the bears reigning command. Currently we are entering/dropping into the upper level of the major support zone (green box). Where this chart starts to get really interesting is that. there is A LOT going on within this zone. As you can see, there is an "M" pattern in purple, this is a double top formation which, is typically a bearish sign. There is also a head and shoulders pattern shown in yellow and this portion shows the potential of the pair dropping down into the 0.00730 range. The neckline of BOTH the head & shoulders and for the "M" pattern all fall extremely close to the same level which is between 00820-.00840. There is a very large descending triangle pattern which starts on Feb 26th, when I forecast it and extended it out, it lasts through roughly April 20th. Where this portion gets even more interesting is, the lower bar of the triangle also runs precisely with both necklines at 0.00803. But wait there's more!!! Just before the right shoulder forms there is a bear flag that shows the flagpole (black dotted line) extending down to around 0.0829. I do not foresee a drop that low happening but, it is definitely something I will keep in the back of my mind just in case something dramatic happens, All of these patterns fall within the upper portion of the major support zone range so my opinion is, even if this pair drops below the necklines etc., it still drops into the major support zone and, as long as it holds, this will be a good time to fill long bags. Also, for people who like long positions take a look at the green circles on the bottom. Those green circles have been entry point markers for long positions. From here we will have to wait for more signals on the direction of travel, we haven't broken below the necklines, or the the lower bar on the triangle, however, we are very close!. Currently the bears have the ball in their court helping out the short trade side. My signals are showing me a stop loss of 0.01026 for shorts. The volume has slown down and volatility is minimal on the bollinger bands and the pair currently trading on the lower band. The RSI is neutral at 42, Stochastic is on the oversold side at 21. Theta/BNB is also below every single moving average. The bears are still here so use caution and do your research before long trading, or any trading for that matter. If you found this information helpful or useful please hit that like button and let me know you were here! Good Luck and Happy Trading! AWC **This is for EDUCATIONAL PURPOSE ONLY and is not meant to be buying/selling advice.*
TLong
by AWColumbo
RSI buy signals. Is the correction over?Here's something I found interesting. BTCUSD pair on Bitfinex. On the weekly chart, there are two buy signals. The first, signaled the end of the '14 correction, with sideways fuc*ery to come. The second buy signal has come in December of '17. Does this mean the correction is over? Probably not. On the first buy signal, you can see big volume in relationship to the rest of the chart. With the second buy signal, there is some volume, but not necessarily big enough to insinuate the end of this correction. I still believe the correction is far from over, although I would be happy to be proved wrong. Check out my other posts for the Bearish and Bullish TA. Thanks for reading
BITFINEX:BTCUSD
by Wojtek440
[Potential] EURUSD: Awaiting Brexit's Future PathEURUSD Outlook Technicals: - Stochastics moving into Oversold conditions - Price action close to a Short-Term Resistance Trendline (not a strong trendline and may break) Fundamentals: - Brexit uncertainty in its final stages may cause some volatility on the EUR pairs and GBP pairs; causing it to break the ST Resistance Trendline - On a longer perspective, a weaker dollar outlook from the more dovish FED whom are likely to stay put due to economic datas not released from the ongoing govt shutdown. The chances of FED continue to hike continues to fall and this gives opportunity for carry trades to flourish. We will be waiting for confirmations of multiple confluences before considering this trade setup ready. Patience is the key to success. *This pair outlook is provided on an advisory basis. Any trade decisions made based on this outlook is a personal decision and we are not responsible for any losses derived from it.
Long
by weekendanalyst
Last chance for FBR?FBR stock prices have taken a huge hit following the news that construction giant Caterpillar Inc. and FBR were terminating the memorandum of understanding between the two companies. Prices are down 74% since all time highs last year and down by 65% in just the last two months. It is unsure exactly why the memorandum was cancelled, but both companies have stated the split up was mutual. This news came not long after FBR unveiled it's 3 day house build using the Hadrian X. The build was a success, but the dealings between the companies are unknown. Looking at the chart, FBR is looking extremely weak and not yet showing any signs of recovery. Key support levels have been smashed through, and as I type this, price is tightening at the end of a very aggressive falling wedge. Having given up almost all gains since it's 2016 bull run, FBR might be on it's last legs unless it can break upwards and remain within the larger descending channel. Selling pressure currently remains strong, and a continuation downward might have us eventually seeing 2 cent stock prices again. However, if selling slows and price can close above 8.1 cents, a relief rally may be in order - but there is not much time left if this is to be the case.
ASX:FBR
by Tom177
Altcoin Market Cap Analysiswe now have access to the total crypto market cap excluding bitcoin right on tradingview! we can now apply technical analysis directly on the alt coin market cap chart! unreal! 1. we see the major trendline break (yellow dotted) 2. key psychology levels- $100 billion, $50 billion, $25 billion marks (teal lines) 3. descending channel (white) 4.TD Indicator It will be very interesting to watch this chart develop over the next few years, and will be updating this idea for sure. stay tuned! best of luck, hit thumbs up.
CRYPTOCAP:TOTAL2
by Lorenz_Capital
XRP Potential Spike Targets.XRP has fallen into range bound situation and can expect to decouple from BTC if the situation stays the same for some time. We can potentially see a massive spike in the price of XRP from 3 levels mentioned on the Chart. all these levels have acted as resistance in the past as well and 1 out of the 3 should hold strongly. The price can actually fall towards 0.17 area if the bearish sentiment continues to grow which at this point is the likely scenario. So XRP dropping to these levels is a buy opportunity .
KRAKEN:XRPUSDLong
by shaxrashid
WTI CRUDE . Long term Target HiTI posted a chart on 10th MAY, WTI can potentially reach 76/78$ before it drops .. The long term target has been hit, More downside is really temporary for me right now. Worst case scenario is $48 but 51.5/52$ should hold strongly. I expect a massive upside upto $100/104 from here. Not maybe would agree to that but I would be loading up from 53/51/48. everytime it touches these levels. As the downside Risk looks far less than upside. I have attached my MAY 10th Call for Short.
FX_IDC:USDWTILong
by shaxrashid
8
BTC SHORTI have been posting BTC SHORT charts for over 5 months now from 10,000 Level to go short till 4300/3600/2800. Too many Hodlers are going to feel the Pain for holding for so long. If you are a crypto fanatic, Dont watch whats about to go down. They will break the soul of the bulls this time all those inexperienced traders who thought 10k will never break, 6k will never break and 5k cannot break will embrace how the markets work. What you think cannot happen will definitely happen.. For those looking to making money, you need to get into leverage trading and play this both buy/sell side otherwise you can just wait and wait and wait and they will delay this rally that you finally will give it up youself. thats how the big boys play!!
BITFINEX:BTCUSDShort
by shaxrashid
8
What are the most used indicators? For someone that wishes to get an edge using technical indicators, which ones would be some of the best ones to have into your arsenal? To answer that question I will look at which ones are the most popular, I am only looking at oscillators here, overlays are not used that much (not talking about moving averages). First of all I tried looking at what hedge funds were using but that info is quite hard to get, but from what little I have seen I will guess it is going to be close to what you would expect. I check several sites and youtubes to see what THEY used. But most importantly, I looked at trading view ideas, luckilly I was tired and lazy so I just checked hundreds of ideas manually and noted what they used. Also, remember alot of people do not used oscillators (or overlays) at all. I myself have strategies based on naked chart. Actually I will probably make a script that hunts for daily inside bars (maybe fakey patterns) and I will publish that on TV. What I found on other sites is quite similar to my results on trading view. Here they are: I checked the top 180 FOREX ideas this friday and I found: 17 Stoch (%D) 40 RSI 22 MACD 14 Other (1 to 3 each) ==> Stoch = 18%, RSI = 43%, MACD = 24% Top 11 pages for Futures (18*11 = 198 ideas): 10 Stoch 35 RSI 23 MACD 18 Other ==> Stoch = 12%, RSI = 41%, MACD = 27% Top 6 pages for stocks 15 Stoch 36 RSI 30 MACD 40 Other ==> Stoch = 12%, RSI = 30%, MACD = 25% I do not really like stoch that much, but I can vouch for MACD and RSI. I got a strategy based on RSI (+ other factors of course) and another one with macd. They are both pretty decent. You can use any oscillators you want, but any strategy that uses oscilators I believe should have RSI or MACD included. There is a reason they are popular, and if you trade a divergence or whatever and every one sees it too, you really have the odds on your side. Stoch is quite popular, but I do not know what to make of it. The way it works... idk. You could make a condition "I will only enter long when stoch is below 20" but I looked at this, you give up winners and still pick up losers, does not look amazing. My recommendation would be: - Do not use 500 indicators. What is wrong with you? XD This is not how trading works. - Use MACD or RSI. - You can throw in a second one of your liking. I also found out the oscillator I use had a 0.6% occurence. Feelsbadman.
Education
by MrRenev
5