LTCUSD finish him...The moment of truth has come! LTCUSD near its strongest support! + is the moment of the decoupling of the triangle, respectively, according to all laws of trading must be repulsed and fly up ... but should it be?
You can find a top inside new at www.dabinside.com this platform the first or at telegram channel: t.me
TOP-6
BTCUSD start futures at 21.05 it means "down trend"?JP Morgan president Daniel Pinto, who could be in line to succeed Jamie Dimon, confirmed bank was “looking into” #Bitcoin saying #crypto “will play a role” in the future & that $JPM is able to trade $BTC futures but has not yet opted to do so.
Far cry from “Bitcoin is a fraud”
starting futures implies a drop in the market to lower levels, is it good? definitely yes! the market needs fire, a fight is needed that will push the price up, but before that the market needs to cool down as much as possible! now there is a very low interest of buyers, because there is always the possibility of two outcomes, descending to the bottom investors with a new fire in the chapters start investing in the market! + to the fact that the economic market is approaching its peak, which means another crisis is possible, which can play into the hands of the crypto currency, as large investors will want to transfer their assets!
Many people say, that the market capitalization has fallen, I'll tell you that these scam projects have disappeared from view and it was a bloated part of the capitalization.
To conclude this educational post, I will explain you what is the market? Or better to ask you what is the market cap? Current market cap is $ 405 billion. Do you really believe that there is $ 405 billion in crypto?
No, the answer is no! There is no $ 405 billion in crypto but less! Why?
I will give you an example that will prove you everything!
I launch my own coin that has 1 trillion coins in total supply and I have not got all of them so circulating supply is equal to total supply. I pay a few. I did not go through the ICO so all the coins are in my wallet. I put a sell order at $ 1 and I tell my friend to buy at that price! Just one coin. Question for you? What will be the price on the market cap? Price will be $ 1. What will be the market for this coin? The market cap will be price * ciruclating supply = $ 1 trillion. Do I have $ 1 trillion in this coin? Absolutelly not! But I have coins with estimated value of $ 1 trillion but if I start selling them someone will buy 1 coin for $ 0.0000001 and I will be holding coins that are worth few bucks! I hope you got the point!
The price does not represent the value of coin. So, 1 buyer can change price let's say 1 cent. If coin has one of the trillion, it means that 1 buyer can change the market cap for $ 10 billion?!? Tell me if that is real?
Ethereum - ETH Technical analysis 18th May 2018 In this video i want to show my point of view on the Ethereum (ETH/USD) chart :
Reasons why im looking at it :
- We are at a "Market Top"
- Uptrending trendline at market top
- Small RSI divergence
- Market structure
We have to hold the key supports to stay "safe" , if we dont hold these lows we will probably get and retracement , back to the 500 dollar area.
This would be a similiar retracement as the BTC retracement that we are currently seeing.
STOCK TRADES MAY 15TH ARE YOU SCARED OF TRADING REVERSALS?Ever wanted to know how to trade market tops and bottoms?
If so drop a comment below.
Meoh Short Trade- Stop 71.30 Entry 68.55 Target 1 63.05 2:1 Target 2 60.3 Target 3 optional trail
Short setup is forming as market retest range highs
www.tradingview.com
NBIX- ENTRY 90.92 SL 95.01 T1 86.92 rr 2:1 T2 77.01 rr3:4
Short setup is forming as market retest range highs
www.tradingview.com
TROW ENTRY ON OPEN 117.30 STOP 120.30 TARGET 114.30 rr 2:1 TARGET 2 106.30 rr 3.66
short setup is forming as market retest range highs
www.tradingview.com
BTCUSD what to expect from the marketAs expected the BTC does not manage to find support on the identified area.. which means we're pbly about to close the week at the low, and below the previous week low... which means that bears have now restored their trend... breaking 8300 will be a signal to get to more leveraged position.
Now I expect the descent to the zone 7800-7500, after which a small rebound to the level of 8300 or movement within the zone and descent to the last support level of 6000-5800, which means that the second bottom is played and the market can start moving upwards! This is my vision of the situation ... what I see now from the analysis of other traders is that people criticize erroneous ideas, what I want to say is that all those analyzes in the crypto currency came from the Wall Street where large companies play by these rules because that market is in adjustable zone! because the Crypto currency is very volatile and not adjustable, here the pace is set by the large players "whales" who spit on your technical analysis! if they need to be purchased by 3000 and the schedule will be this contradiction, then they will just make so that you will remain with nothing ....
You can find a top inside new at www.dabinside.com this platform the first or at telegram channel: t.me
Potential Double Topbest to be extra cautious here....people started taking profits all across the alt market just now lots of alts dipped...meanwhile BTC has stalled out at an exact double top...it may just be catching its breath but we need to pay close attention here if it cant get above this point a double top may have occured which could lead to a significant fall...Hopeflly it's just catching its breath and cooling off its rsi, mac d m and stochrsi levels though
BTC local bottom reached, looking upwardsThis is my personal opinion by looking at the trends, downtrend (month ago) and uptrend (now), I can see that we have hit the local bottom already just like we hit 6500-6600 few weeks back.
I can see that the first circle/ellipse that I made (during downtrend), is going to be turned upside down (because its an uptrend)
Mostly every other TA is telling that we are going downwards however I feel that creates a FUD..
In current scenario, I don't think we are going down even if not going up a lot higher than what we already did. In short term, we are going to try and touch 10k again... look for it.
EURUSD: Top Formation: more weakness in store post counter-rallyEURUSD
As DXY goes up so this pair falls, sliding down a pair of
competing parallels towards the 1.2027 line and probably to
the 1.1915 line by mid May.
But in very near term it's already touching the lower parallels
and is likely to push back as high as the upper parallels at
very best on the attempted counter rally from here. Continue
to sell rallies until the downside target is met.
For confirmation of the next down-wave from here DXY has to
break above 91.95 and thereby force this pair lower still to
1.2027 and then to 1.1915.
Please see DXY comment for further detail/confirmation signals
BTCUSD new bearish channelNow we can see how a new bearish channel is being formed. now we are at its foundation, this moment is a good time for opening a short, or fixing the profit. The more clear the picture will be I think in 3-4 hours, if the price does not go higher, then the idea will be confirmed, as well as the previous one where 30% of the deposit was fixed
You can find a top inside new at www.dabinside.com this platform the first
USDJPY potential Double Top ReversalHi guys,
today I got entered on a outstanding order I put in on the 16.04 after the Hightest occured.
A bit of negative confluence is the chopiness prior to the occurence of the hightest, however the path of least resistance on this pair is to the downside.
With overall 5 Confluence factors this is another B type setup. I would've loved some bearish MACD divergence, sadly there is non present at the time of the entry.
Entry was as shown on the chart, stop is protected by recent highs and the target is above the next support zone.
Happy trading and best wishes
AUDNZD Double Top with Weekly TrendHi guys,
another opportunity on this glorious sunday. AUDNZD has rejected a horizontal resistance zone with a double top.
Price has decelerated and has formed 2 hightests, a tweezer top setup. Furthermore the overall weekly trend is bearish aswell.
Target is the next support zone, the stop is above the weekly 0.618 fibonacci retracement level.
Happy trading
BTC draws a bearish flag?Bitcoin today of globally, the BTC draws a bearish flag, which is interesting to LTC, and many other currencies exactly repeat the same movement for the BTC and since there was no second local bottom, everything goes to the fact that we will still go for $ 7000-6000 , what do you think?
You can find a top inside new at www.dabinside.com this platform the first
13.04 GBPUSD Short [ALREADY CLOSED]Hi guys, forgot to post this setup at the time of entry because it was frickin late.
It was a double top setup on GBPUSD on the 13.04. With 5 confluence factors for this trade it is categorized as a B Type setup.
Sadly I was closed out the next day for a full loss of 1.00%, nevertheless it was a good setup, losses are just part of the game of trading.
I see alot of people, especially on the frontpage, who would never admit to being "wrong" and instead of doing so just find new trendlines, formations or other confluence factors validating their trade idea.
There is no successfull trader without a loss, these people are nothing but fakes.
I trade on probability. I know that my system works, I dont cling to ideas and I let the market show its cards. I only have to execute my trading strategy as flawlessly as possible and I will (and am) in the green in the long run.
Best wishes and happy trading
EOS April 17, 2018 Daily - 2018 - Big Winner Again In 2018 EOS just completed Minuette Wave (i), the second 5 full wave count it has completed in a short few months, during a bear Crypto market. EOS is one of perhaps 5 coins I have seen over the past few months consistently increasing in value. It has shown phenomenal strength against a super negative market pushing higher all along. Currently, it is correcting after completing (i) after which I expect it to commence forming its Minute wave (ii) where it will set several new highs beginning soon and into summer. It will likely prove along with EOS to be one of 2018 best performing crypto in my opinion and per Elliott. It is on a definite track at this point to continue into the Minute wave completing it within the next 3-4 months if historical patterns hold for this one.
VEN April 17, 2018 - BEAR MARKET WINNER CONTINUES UPWARD!!!See chart for embedded notes on where I believe VEN will lead next. This one has been a huge winner during the meltdown so what will it do now that the Crypto's are much stronger? I expect VEN continues to set records but lets see what the chart can tell us.
BITCOIN ain't died. Up trend is recovering. BTC não morreu.Ola.
Ainda não podemos deixar por completo o pessimismo. Estamos num ponto que considero critico. Caso o preço não consiga ultrapassar os 9500 é provável que o preço continue a tendencia de baixa.
Nesse caso pode ir para o abismo ou ficar na região de suporte (retângulo vermelho), que é o que muitos estão esperando.
A força vendedora ainda tem bastante força. Os ursos ainda não foram embora.
No momento estamos com o preço brigando pra subir. Temos uma região de resistência muito extensa indo agora desde os 9300 até os 12300.
Traçamos varias setas indicando as possibilidades que vemos nesse momento. Então indo para a tendencia mais otimista podemos ver o preço ir lá em cima na
linha de tendencia de baixa, LTB. A expectativa dessa vez é ter o preço rompendo para cima dessa linha e ir buscar a casa dos 14k ou até acima.
Como falamos no começo podemos ter o preço sem força pra passar os 9300 e voltando a cair, mantendo a atual tendencia.
O preço pode mergulhar direto nos suportes abaixo dos 7K. Nesse caso o preço deve manter na linha de suporte, coincide com o fundo da media do canal de baixa e com o topo do retângulo da zona de suportes.
Esse é o pior cenário no curto prazo.
Como outra possibilidade podemos ter o preço formando um fundo duplo, que é um padrão de reversão. Sendo assim, podemos ver o preço ir romper a LTB e andar ir forte pra cima,
mostrando a retomada da força compradora.
Voltando a falar do primeiro cenário que é também o mais otimista, caso o preço faça o movimento previsto, irá deixar também uma figura de reversão que é o OCO invertido.
Com um sinal desse, os touros devem ir com tudo pra cima dos ursos. Sendo otimista, quem sabe o preço rompa o topo histórico.
Agora o que realmente irá acontecer ? Bem temos boas possibilidades. Escolha a sua. Tome cuidado pra não ficar para trás e para não perder dinheiro.
A sorte está lançada.
Hello.
Pessimism still hovers in the air. We're at a point I consider critical. If the price is not able to reach the 9500 it is likely that the price will continue to low trend.
So the Bitcoin can go to the hole or get a little higher in the support region (rectangle red), where almost everyone is waiting to fall
The sales force still has a lot of strength. The Bears haven't left yet.
At the moment we are at the price fighting to rise. It has a region of extensive resistance going now from the 9300 to the 12300.
We traced some arrows indicating the possibilities we see at the moment.
So going to the most optimistic trend we can see the price go up there in the low trend line, LTB. The expectation this time is to have the price breaking up this line and go get the price in the 14k or up.
As we speak at the beginning if the price is not strong enough to pass the 9300 it will fall again, maintaining the current trend.
The price can sink directly into the support below the 7K. In this case the price must remain in the support line, which coincides with the bottom of the middle channel and with the top of the rectangle of the bracket area.
That's the worst scenario in the short term.
As another possibility we can have the price forming double bottom, which is a reversal pattern. So we can see the price going to break through the LTB and walk going strong up,
Showing the strength of the buyers.
Speaking of the first scenario that is also the most optimistic, if the price makes the movement predicted, will also leave a reversal figure that is an inverted HSH.
With a sign like that, the bulls must go all over the bears. Being optimistic, who knows the price until it breaks the historic top.
Good news started coming up.
Now what's really going to happen?
Well, we have possibilities. Choose Yours. Take care not to fall behind and not lose money.
The die is cast
EURUSD Forming bullish flag on Daily- good RR opportunity Hello traders,
We have this week CPI ready to shake markets and hopefully taking EURUSD out of this period of acumulation/distribution we are in.
Price action is forming a bullish flag and wichever the side the breakout happens it will be a big move given the time we have been loading in this zone.
I can't tell you that this is the right side, but I tell you that this has a good RR opportunity and it's on the side of the current trend and least resistance.
If you decide to go long, I reccomend 3 positions, 2 for the targets I mention, and the other one for riding the trend, after such a long period of accumulation, the move it's going to be big.
Load your bags, and prepare to ride the pig!
Like and subscribe!
MTH - Monetha Double topDouble Top pattern on the the 30M timeframe, this is a short duration trade.