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Selling Position - AUD/CHF I am so glad to be back posting after more then a year. My technical's are bleeding that its oversold but due to the fundamental for the Aussie being so poor keep a tight look on this but from what I can see its a great R:R. The technical side looks great. We haven't seen AUD/CHF at this level since 2016 so hopefully that level will be supported and expect a rally of at least 200+ pips. We also have a hidden bullish divergence so that should also tick another box of an upside.
Long
by Jamal92
2
Bitcoin Still RangingBitcoin seems to be in a ranging phase. Be careful when entering a position in either direction, though you may consider mean reversion. bitcoin is trading at $7047.16, at the moment. Levels from above include: 7113.30 from highs and lows over the past 14 periods 8235.50 from highs and lows over the past 30 periods 8557.52 from highs and lows over the past 100 periods 9964.50 from highs and lows We will find support from levels from below including the following: 7028.57 from volume profile over the past 14 periods 7010.73 from volume profile over the past 14 periods 6966.14 from volume profile over the past 14 periods 6885.87 from volume profile over the past 14 periods 6836.82 from volume profile over the past 14 periods 6778.85 from volume profile over the past 14 periods 6221.42 from highs and lows over the past 14 periods 5971.05 from highs and lows over the past 30 periods 5826.41 from highs and lows over the past 100 periods Technical analysis for bitcoin is as follows. Volatility has consolidated quite a bit, expect a breakout soon. The RSI is 58, which suggests that we are in a bull trend, but not overbought. The MACD is above the signal line, but not to an extreme. This suggests we may have more room to appreciate. bitcoin is above the 50 period SMA, indicating a bull trend. Also, bitcoin is above the 100 period SMA, which is currently at 6939, indicating bullishness. Finally, the 50 period SMA is about on par with the 100 period SMA which suggests we are ranging. The ADX indicator, at a value of 28 conveys a modest bull trend. We are getting closer to the upper bound of the Kovach Reversals Indicator at 7043. This should provide resistance. The central moving average of the KRI will provide support at 6522.
BITSTAMP:BTCUSD
by quantguy
NZD/CAD TO FALL IN THE COMING WEEKS In its last Interest rate statement, the Reserve Bank of New Zealand, stated that it expects to keep interest rates at a record low for another two years as the outlook for economic growth weakens. According to a Bloomberg Report, the Central has said that the chances for a rate cut has increased. This has caused the New Zealand dollar to become a less favorable currency for investors to invest in hence the recent drop of the currency against major currencies. On the other hand, today Canadian CPI beat expectations which has increased the likelihood of the Bank of Canada to increase interest rates. Now comparing the two, we have a clear distinction between these two currencies. The 1 Hour time frame for the NZD/CAD pair has it rising towards the 0.8680s which will probably serve as the point for reversal to target 0.85700 region.
Short
by ruebenmira
ZCASH/DOLLAR POTENTIAL SHORT 4H/1D TIMEFRAMEZCASH POTENTIAL SHORT 1D Chart: *Zcash is in a downtrend on the daily timeframe *150-151 area is recent significant structure on the daily timeframe *price pulling back making inside return into structure 4H Chart: *price breached signicant structure and broke it around 150-151 handle *price has held beneath this structure on the 4H *sellers showing stronger momentum vs the buyers (as displayed on the chart) *watch and see how buyers react at structure around the 150-151 mark *IF we see some seller strength come in and good risk/reward it could be a good potential short setup ALWAYS make sure to have a plan when trading in any financial market. Follow the plan and be discipline with risk and make sure to IMPLEMENT these principles not just know them. Action>Talk. Never risk more than 2% of trading capital per-setup. Cheers!
BITFINEX:ZECUSDShort
by JosePips
5
BTCUSD POTENTIAL LONG (short term opportunity) 1H BTCUSD POTENTIAL LONG 1D Chart: * price is sitting at a recent significant structure level *buyer seems to be showing slight interest already at this level 4H Chart: *Price shows large green(buyer) candle to the upside at this level of structure *Price ended with a higher high higher close on 4H candle WITH momentum 1H Chart: *Price had LARGE buyer push to the upside *Price broke a recent level of structure to the upside *Buyers are showing strong interest in Bitcoin at the price 6100 Entry: * Look to enter IF we see a weak pullback from the sellers. We want a weak pullback because in trading it comes down to probability and if the sellers came in strong it wouldn't be a clear probable setup on the buy side. *Wait for buyer to show interest again at price around the structure point 6250-6200 also the 50-61.8% fib if you trade with Fibonacci levels. Targets: 6580, 6700, 6900 Stop: 6000 price point REMEMBER this is a short term outlook. This does NOT mean that Bitcoin will for sure rise. This analysis is based on momentum, structure, and probability of the pullback(which hasn't happened yet). Make sure with every trade to stay disciplined with what you like trading and with proper risk management. Never risk more than 2% of capital. Make sure to always have a good risk/reward. Cheers!
BITFINEX:BTCUSDLong
by JosePips
1
GBPJPY POST ANALYSIS SHORT GBPJPY SHORT 1Week Chart: *Last attempt for buyers to come in\ *Lower Low lower close on 1W time frame going into this last week 1D Chart: *Breach and break of buyer trend line on the daily timeframe *Lower Low 4H Chart: *Entry based on lower close of candle *Good risk/reward Entry: 144.700 Stop Loss: 147.500 Take Profit: 140.00 Always make sure to have a trading plan. Make sure to have a good risk/reward on every setup. Never risk more than 2% of capital per-trade. If you have a good trading plan and stay disciplined to it you will have better trades. This trade is up over 200 standard pips. Cheers!
by JosePips
GBPJPY SHORTGBPJPY SHORT IDEA: 1W Chart: *Based on the weekly chart it clearly displays the rejection to the upside created by buyers and how the sellers had brought price back down and ended the week with a lower low lower close. *The Flow has changed from buyers trend to sellers as you can see the market started to create lower highs and lower lows which identifies it as a seller trend. The new low hasn't been created yet which is what we are anticipating to happen based on price action and momentum from the sellers. 1D Chart: *The buyers had reacted to the ascending trend line on the daily which caused price to rise before the seller taking over. This had caused to the large wick to the upside on the weekly chart. *The ascending trendline has now been broken and breached on the daily chart giving the sentimental bias now to the short side. The daily and weekly players are now on the same page which equals larger moves in the market *We also see strong momentum from the sellers, not allowing price to get too expensive before bringing it back down (showing they are ready) 4H Chart: *The 4 hour chart is showing a downtrend with momentum playing on the short side much stronger than the buy side. This shows the sellers strength and interest in selling this market *Look for re-test on this timeframe to give more precise entry for the short positions *Look for re-test of that daily ascending trendline around 145.300 handle Entry: *Look for a re-test into structure around the 145.300 handle (recent significant level) *Wait for the seller to show his interest come back into play on 4H timeframe and use a good risk/reward ratio *Don't risk more than 2% of trading capital no matter how good the setup may look Cheers!
Short
by JosePips
4
AUDCAD SELL IDEA (1H)REFER TO VIDEO. SELL Entry: .9815 - .9820 TP1: .9790 TP2: .9740 TP3 (Swing): .9300 SL: .9850 Risk/Reward: 2.33 • All signals are at your own risk. Please use proper risk management. We suggest never risking more than 5% of your balance on one trade. Trading carries a great deal of risk, be careful! Loss streaks come just as easy as winning streaks. If you use risk management your account will grow overtime. Following 1H Bearish Trend. Pullback almost 100% Price broke outside the support of the consolidation. After pulling back again, the market gave us a 1H engulfing candle. A look at the 4H shows a break of Counter-Trend Line and a pullback to resistance. Expect price to follow daily bearish tendency. 500 Pip Move. Video Link Coming.
Short
by IAmTheDisciplinedTrader
$MLTC Latest David Lazar Play with Smallest S/S to date!!!$MLTC Is currently undergoing a petition for Custodianship through Custodian Ventures LLC. After doing research I found that David Lazar is the Manager of Custodian Ventures LLC through his business entity Zenith Partner International LLC See below screenshots and link for confirmation from a recent custodianship filing with $OWVI which was recently granted custodianship by the courts to David Lazar through Custodian Ventures LLC. promotionstocksecrets.com Keep in mind however that $OWVI has nothing on $MLTC the comparison is stark $OWVI S/S: 3,500,000,000 A/S 3,500,000,000 O/S 2014 and a 400,000,000 Float as of 2009 and tons of debt and converts on the books. While $MLTC S/S: 100,000,000 A/S 2018 21,290,000 O/S 2010 (Possibly 50,000,000 now) and an Unknown Float (Possibly 20,000,000) with little to no converts ($3 Mil in Accumulated debt that has probably been converted by now or no longer can be collected on since the company has been dark for so long.) David worked as an account manager at V-Stock Transfer, where he specialized in sales and marketing. After leaving V-Stock Transfer, David Lazar began his Zenith Partners International venture. David Lazar is mentioned for his contribution to this article about reverse mergers: "Quote: Many thanks to David Lazar of Zenith Partners International, for his insights." About the Author: "Quote: John Lowy is the founder (in 1990) and senior partner of his law firm www.johnlowylaw.com, and the founder (in 1993) and CEO of Olympic Capital Group, Inc. (www.ocgfinance.com), both based in New York City. John is a highly-respected and acknowledged expert in reverse mergers, capital formation, financial consulting and initial public listings of all types." stocknewsnow.com David Lazar's LinkedIn: www.linkedin.com He has become one of the most famous recent Reverse Merger experts along with Joseph Acaro It is my understanding that he is acquiring custodianships of several companies to reverse merge them into applicable revenue making business entities under the guidance of mentors (one being his own father which has reverse merged several companies) who have been guiding him. Since most of his custodianships have been this year and most have been granted by the courts it is in my opinion that later this year we will see the fruits of those reverse mergers once everything has been ironed out. $MLTC itself has had a profitable and successful past before high overhead and franchise disagreements brought it to where it is now. It will now be up to David Lazar to bring it to a successful and profitable future.
MLong
by StockGuild
SPX 500- Resistance, Support, As you can see there seems to be a lot of resistance on the downside for SPX 500 to fall towards my target price, but I believe in Drama's and not just easy trades. I like the story in the charts which has been given to us time and time again. The momentum is towards the upside as it has broken the major trend line but that does not mean we will not break it again on the downside and there will not be a bearish trend formation for short term swing trade opportunity. I see one, not many do. We need to see if it breaks about the strong resistance area of 2740 and moves towards 2780 or does it closes the gap and moves towards the major trend line.
SP:SPXShort
by shaxrashid
1
XRP/USD upside comingAside from popular belief that there will be one more leg down on XRP, I believe we have seen the worst for XRP. I come to this conclusion after charting some of this data with the volume, 25 EMA, 55 EMA, and the RSI. One can clearly see on the chart what happens when we have a golden cross from the 25 and 55 ema and vise versa. When it crosses down we are met with substantial downside and when it crosses up we have big run ups. I circled each of the cross overs on the chart to make them easier to recognize. Also, the RSI seems to have some positive divergence as well as not being overbought on every time frame. I am long on XRP from .20, so I tried to give this with as little of a bullish bias I could, but that seems difficult for how bullish the chart has developed. Another coin that has caught my attention in a big way since the moment I bought it in January is HTML coin (used to be HTML5 on yobit). After the addition of tradingview to bleutrade, one is able to make better assumptions where this coin will be headed. HTML is getting listed on Hitbtc in 6 days or less, and is expected to have a major run up because there is 50-60 x the amount of people on the exchange at any given time as well as the huge increase in volume from exchanges. I have charted HTML with just the EMA 25 and EMA 60 showing the golden cross over that XRP is undergoing as well. The HTML team has gone under a transformation of their website and promect as well in the past 2 months, which has been recognizable by the community. We are in good times for crypto, so dont let anyone else tell you otherwise! I am not a financial advisor just stating what I see in the technicals.
BITTREX:XRPUSDLong
by Burtoshi
CAD/JPY Are we in the Bullish Cycle?!! Next stop the 90.000 As I've been trading and observing the market catching some really obvious set-ups on the Euro's & Raw Reversals on the GBP. For now my eyes are fixated on CAD/JPY, seeing how the high GDP Growth on the CAD has aroused the Investors to feel extremely confident with the CAD and on top of the fact that Trump himself said there's no Trade Tariffs with Canada - meanwhile countries such as China, Russia, and many Europeans countries haven't set out boarder lines or trade Tariffs with Canada makes it an even more reliable source for investors and that's largely due to the fact that Canada is one of the worlds biggest Energy & Agricultural Food Product exporters - Not only with the US but the whole world. Reason why I'm looking at CAD/JPY Specifically, and not other cad pairs such as USD/CAD or CAD/CHF is because the JPY itself has gained weakness, as investors buying this market have pulled out with no momentum left to keep it rising up strongly against the CAD. Seeing how CAD/JPY has also broken above major Technical Price Levels (83.300) & (84.250) then we can almost see this breaking above the next Major Technical Price Level (85.700) and closing above it, as I do see this running up to the 92.000 levels. But seeing how CAD/JPY is currently reacting, consolidating on every time frame we can confirm that it's at an exhaustion level right now, and we should expect a re-test back to the lower side in order for the CAD to rebuild that momentum and break above our next resistance and close Bullish above it, which currently is priced at (85.250-85.400). The next re-test should be expected at the previous resistance, which was priced at (84.240) but even then, we should expect a brief break below that level perhaps to the (84.000) back to the round numbers that we know banks tend to reverse price within. That being said - I do hope the community has a rough idea of what expectations we could have with the CAD over the course of the next 2-3 Months, till we get to the 90.000 levels.
Long
by Abdul_Light