HT USDT short ?Huobi token
not interested in the market
before the new release of IEO
Until April 16, the asset is not interesting
because short is not where
TOP-6
BTC/USDT _ BULLRUN ?keep moving in the triangle
sellers are not visible
the probability of a bullish mood is higher
just remember that the market is not a friend, but a live ecosystem,
takes away from some and gives to those who adapt to the market.
how do you think my thoughts?
AUD/USD: Strong Resistance and Double Top At 0.713on 4h TF, AUD/USD has found strong resistance several times in the past at 0.713
a 4h candle close below 0.713 offer SELL opportunity, target 1 at 0.706, target 2 at 0.70.
Bitcoin if price moved the same as the last bubble, top to topI copied the price movement from the bitcoin top in 2013/2014 to the top in 2017, assuming the next top is at the same percentage change and timeline as the last top-to-top this is what the price will look like.
UK100 Double Top On the UK100 1hr chart we can see a double top.
I must say that this trade is for educational purposes since I don't spot this pattern that much.
The RSI, Volume and Price is lower at the second top which means the interest is cooling down.
The stop is placed at the last high or if you trade safe a little above.
To get better at spotting this patterns I'm publishing it here so you and I can both look back at this trade the next time spotting this pattern.
Thanks for reading and especially on this one I would appreciate some feedback!
Wesley
USDCAD double top Hello everyone,
I see a double top on the USDCAD the second top is lower than the first top.
Also is on the MACD chart the Signal line above the main data.
Are you paying attention ?It can be a challenge comparing the timeframes of two bubbles in TA, when one runs over the course of 10 years vs 2 years.
Yet i believe a striking correlation playing out here between two completely different markets in it's own timeframe.
As always, both bubbles is naturally fuelled by the same greed and stupidity that is coded into our human DNA .
We don’t mean to get ourself in trouble by creating bubbles, but we just can't help it.
It’s what makes us human. It’s the same reason we can be so certain that the next phase must begin.
What im saying is nothing new under the sun. You can go back in history and study these cycles playing out over and over. It always comes down to two human components.
Immense greed and extreme fear, resolving in its own way. Like Ying and Yang, a balance is always kept. It might temporary bend further to the up or downside but the ledger is always kept in check and unbalanced profits will be resolved with unbalanced losses.
There’s nothing inherently evil about a bull market coming to an end, however history tells us pain and fear is two cousins that few remember at this point in the market cycle.
Drawing correlation to the Bitcoin bubble in 2017, every retail investor was a genius and money was to be made whatever u did, as long as u bought - Did u get that last part?
As long as u bought. Because bubble tops paints its own beautiful story, which we can use to our advantage if we pay attention. The signs are always there, and im simply hinting the strong probability of human faults once again painted on the charts.
For the retail investor which has been genius for years in Nasdaq, DJI or whatever he bought, the next phase won’t be as quite as easy.Conditioned by 10 years of buying the dip, the retail investor will slowly but surely bleed out in the bear market. As they continuously buy the dip, but never secure profits on the bounces, slowly but surely, most will lose their profits from the bull years as the balance is restored to the ledger. That’s what makes it the bear market.
Let’s see just how many skeletons we have in the closet for this bear cycle.
I bet there’s some intersting stuff from 2008 that was swept under the carpet which will come out and play.
It'll probably get very ugly.
Bull markets often extend way beyond expectations. The following cycle tend to do the same.
Best of luck
Short all bounces.
Full AnalysisThe other day when I posted my SPY chart this is what should have posted. I guess the window I had opened that I hit publish on didn't have the finished chart.
This is the rest of the points that were supposed to be included
BTC finally surpasses 1day50ma…but finds a potential double top Finally breaking above the 1 day 50ma with authority was a great bullish sign up until the price action reached the double top point. As soon as price action retreated right at the double top point exactly it gave a great opportunity for the bears to shove the price action back downward. It may be a good risk reward zone her to exit my position and set a stop buy up just above the double top zone. If I were to wait for a little while for a bounce I would definitely wanna exit if I see the price action fail to close above the 1 day 50 ma for 2 consecutive day candles. Just as I wouldn't wanna get too excited about being above the 1 day 50ma until we have closed at least 2 1 day candles above it as well. This idea will remain neutral but I will be keeping a very close eye out for any sort of confluence that validates the potential double top that we have shown here on this chart on the frosted pink horizontal trend line. If we can form a higher high here above the frosted pink trendline I will definitely be siding more with the bulls. Thanks for reading! *not financial advice*
Next week scenario DEU30! Still bearish!?Hi Guys!
As we see on this chart, my previous scenario didn't quite play out... But I still think we are topping out or already topped out in these areas around 1310.
I see this scenario for next week. I am in a short position with a tight stop loss now and waiting for the lower gap to close. That area would be my target nr.1 Following targets also seen in this chart.
I also see a potential head & shoulders formation, which will bring us lower next week.
RSI on 4 h still has room to the upside but all other lower time frames are almost in the oversold areas.
If you draw a trend line on RSI this could be also a top out here.
MacD though still showing some upside potential.
Let's see...
Happy and safe trading!
*This is not financial advice, this is only an idea. Do your own research and act on your responsibility.
USDJPY BEARISH MOVE COMING SOONPossible top of uptrend channel to be reached soon followed by a bearish wave
Impressive btc bullbreak finally reaches top trendline of wedge.The bullish fundamental news of Abra's crypto/stockpairings coupled with the powerful support of the weekly 200ma and the fact that we found support on the bottom trendline of the wedge before that have all factored into todays huge surge and return to the top trendline of the wedge(in green). Had I been paying attention today I would have definitely had a limit sell set up right below the top trendline of the wedge. However prior obligations allowed me to miss the action and now its best for me to wait and see if a bull flag is formed here...there's also a chance we could retest the trendline and if so I may limit sell at that point and place a stop buy about 3 and a half pips above the trendline as the risk to reward ratio will be good however I may just wait to see whether or not the bull flag confirms a bart or not instead at this point. maybe a small percentage on both....this far above the 4hour sell line I'm only willing to put up a small percentage and find it wiser to buy the dips whenever you close more than 5 4hour candles above the 4hr buy sell line and 3 or more above the 1 day buy sell line(50 simple moving average).
ETH/USD Potential Diamonddiamond reversal figure is close to implementation
for all traders who are ready to get into the big team, and try their hand at the competition of traders, welcome to the 13cartel.com
A case for a new BEAR PHASE SP TARGET MIN 2578 CYCLES AS WELL AS THE PUT/CALL AND VIX MODELS HAVE NOW COME TOGETHER TO GIVE A SELL .I have moved into a short sp at 2706 today on twitter and shorting banks and wti and qqq are near my target of 171 plus or minus 1.5 we should now see a 2.5 to 3.1 week decline
Potential dropA double top formation has formed through breaking the baseline. Having made two highs at similar highs and price entering the first highs wick this gives me reason to believe it is a valid double top. For added confirmation I looked over to the RSI indicator and found some divergence. after waiting for a pullback I found a reversal candle stick pattern on the one hour time frame, which has left me to see a drop on the pair for the coming days.
Final Rally coming for the Nasdaq 100In this update I layout my Elliott Wave path for the NDX. I also point out some key Fibonacci targets to keep an eye on as well.
PTTGC & TOPThey compare between PTTGC and TOP that short or mid-term TOP will more bullish than PTTGC.
If you hold PTTGC you should switch to TOP, Doesn't mean TOP will go up but if you hold GC there will have more Loss.
So let see what happen in the Future.
The reason that GC will underperform is about Spread of Petro Chemical. When Oil go down GC will gain but now Oil is going up so it opposite.
FTSE MIB: Mid term short The trend of the Italian index on both monthly and weekly rates is strongly bearish: starting in May 2018, this series of sales does not seem to be finished yet from a technical and fundamental point of view. At the moment the price, in line with all the main world markets, seems to be recovering after having rebounded on the level of 18000 points and should retest the resistance placed in the area 19300 points with a possible but unlikely extension up to 19500.
From this area there should be a series of short orders that will return the FTSE MIB to 18500/18000 points in a few sessions, except for changes in the political and economic scenario or the monetary policy of the European Central Bank. In any case, we will wait for the 19300 points before placing a short order.
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BTC/USD Next Bull Run 4900+We have seen support at 3660 and Resistance at 4950. Simple but effective site draw at 1day time.
Bitcoin WEDGE Rising wedgeHey all. Bitcoin is currently trading inside a bearish rising wedge with bearish divergence. I think we could do one more push towards $4180 before I expect this pattern breaking down again. The success-rate of this pattern is high. I am still waiting for a new low below 3k, and I am short from $4170 with my long hedge from $3300.
Bitcoin still have the momentum, to 4400, or 5000? Hello Cryptocurrency Enthusiast,
Bitcoin still have the momentum, hopefully it will touch 4400, or even higher 4800?
The chart is self-explanatory. As you can see, Bitcoin is moving on an ascending wedge and a very steep rising trend line with contracting volume on Bitfinex, which means the bullish run is out of gas. While, please remember the crypto-market remains under bears control.
What will happen in the following days? We have two critical levels of resistance up ahead:
1, Target One: 4400 - 4600 . 60% probability, Bitcoin might touch this area and then reverse down.
2, Target Two: 4800 - 5000. 40% probability, Bitcoin have a slim chance to move into this strong resistance area and come down.
I will be following those TOP clues and keep you guys posted. Please follow me! ; )
Tips: How can we identify the TOP?
1, We will see enlarging trading volume on the TOP candlesstick with typical TOP Patterns.
2, Oscillator indicators might be helpful to identify TOP, such as RSI/MFL etc.
Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts!
I will be going more in depth into this analysis if it receives sufficient attention.
Happy Holidays Everyone!
PainKiller.
