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TOP-6

GOLD Long on Support, positioning for US Inflation numbersHello, we have a very nice opportunity in Gold, next week CPI numbers will shake markets and the expectations are to confirm increasing inflation. Inflation is right now the only thing that matters as it's making bond yields to climb and SPX to crash. This means money is in risk-on mode plus inflation is picking up, so it's moving to assets that can protect value in an inflationary world like Gold. We have this really nice combination of uptrend forming, price has started to make higher highs and higher lows and it's trading at a discount price near 1318 which is a strong level of support. Also we have this pitchfork that looks really well, and price is respecting the inner parallels really well. We have a potential RR of 3.3 to 1 on this one, so it's a trade worth taking. If you like, hit the like button and subscribe.
TVC:GOLDLong
by Paintomaker
XMR forming double top on short term rangeDear trading friends, Monero chart have formed a double top pattern on the 1H candle chart : * High volume entry 02th March * Double top at 32898 * Pullback at 30317 While the coin has been quite bullish since March 01th, the bullish trendline was broken (at least briefly). I see a shorting opportunity here in case the double top pattern completes. With an entry zone at 30355, the target would be 27772, stop loss at 30730. Please feel free to comment and let me know if you share this or any other idea :)
XShort
by Greenou
UPDATE on MY EUROUSD SHORTWell,has been tough these last two days. After I have been shorting Euro like crazy it rose more than one figure. That hurts!!!! But I still stick to the fact that we have a major top and remain short. I post the weekly chart and that blue line you see comes from the Monthly chart and I pulled it from the very top. It is the secular downtrend line. My point is that the volatility and the volumes we see at these levels are typical of a top formation. If we break that blue line and close two consecutive days above it I will have to reconsider and my G.. stop my shorts (uuuuh painful). Today Europeans tried to go beyond 1.25 in early morning but it stayed above for very little, then all day until the figures I could see that buyers had no strenght for another attempt...1.2497 has been holding. So I expect that by Europe close other sales will come in as this week long will capitulate and close positions before the start of the weekend (many are doing it now, and I am talking about the big guys that take large positions, hedge funds and financial institution traders...what I was in the past... big, arrogant and dumb :-)). I would not be surprised to see a drop to 1.24 by tonight. Anyway. My point is the big picture and believe that the risk is on the downside, these are the last days of the Bullish Euro. I cannot add the RSI indicator but a weekly divergence is underway and if the indicator moves below 70 the price will drop heavily. Have a nice weekend for those who care. For info I hope to activate my blog Teforecaster.eu by next week but will post here too.
Short
by TheForecaster
The Rules of Bitcoin. The art of hodling Bitcoin and USD.Whats up? Welcome to this consistent update analysis on Bitcoin based on our beautiful Fibonacci Retractment Levels. Looking at the 4hr chart we see a consistent Fibonacci Levels, you can see BTC appear to love 0.236 fib, 0.5 fib, 0.786 fib. Additional rules of trend line (pink, dotted red, dotted blue, dotted red) act as a Support and Resistance and will nullify Fibonnaci Retractment Levels in some timeframe. It is unwise to do trades with emotions (FOMO and FUD) near those rules. I personally add 15% of my crypto net worth into Bitcoin and USD on those rules, regardless of its volatility behaviour. If you fail to set aside your emotions, look at those rules and treat those rules as Support and Resistance . Always secure small profit and set a tight stop-loss, in volatile market, conservative wins, always. **Indicator constantly fails Bitcoin . Name it, MACD , RSI , BB, EMA (12, 26, 50, 100, 200), SMMA (7). It gives you false signal. Some of you feel the market is highly manipulated, and it is. Bot are not in favor in this market, at all. Case: A bot was created with the intention to get a 100% profitability, and it was achieved on 7-day timestamp Backtest environment. However, do you know what happen within the next days? It was starting to lose money. **Bitcoin market cap is 173 billion USD as we speak. However, the market behaviour somehow it's not correlated with its volatility behaviour. It is speculated that the actual market cap isn't 173 billion USD, far from that number, which turns out to be true will justify its volatility behaviour. **It is unwise to decide a Top or Bottom when the Volume is below Volume Average as some of you may call for reversal because of Bullish Divergence RSI MACD and trend line break out on the 1hr chart at Feb 23th, 10:00 GMT+7 (It's gone, don't bother to check it). **This information is not a recommendation to buy or sell.
BITFINEX:BTCUSD
by bigLITTLE
2
Fibonnaci Levels ForecastWhats up? Welcome to this consistent update analysis on Bitcoin 0.73% based on our beautiful Fibonacci Levels. Looking at the 4hr chart we see a consistent Fibonacci Levels, you can see BTC 0.73% appear to retract to 0.5 fib consistently. It is also unwise to decide a Top or Bottom when the Volume is below Volume Average as some of you may call for reversal because of Bullish Divergence RSI MACD and trend line break out on the 1hr chart at Feb 23th, 10:00 GMT+7 (It's gone, don't bother to check it) This information is not a recommendation to buy or sell. **update, I got rid of MACD, RSI and else to clear up the chart (requested)
BITFINEX:BTCUSD
by bigLITTLE
1
Bullish spinning top doji signal ling a trend reversal?We ended the last 4 hour candle with a green bullish spinning top doji, which is typically indicative of a bullish reversal...so far the follow up candle has been acting bullish..it will need a little volume swell to really validate the spinning top but being that it occurred after a long downtrend close to where we are already anticipating the bottom of the inverted head and shoulders 2nd shoulder, has drifted far enough from the tline that its due to start drifting towards it, and is currently being followed up by a green candle and increased bull momentum, I think its most probable that we will see some temporary upside on at least this next candle. currently the 50 and 200 EMA have yet to cross so that is a good thing...there's a chance they may not even touch but they are currently as close as you can get without touching.
BITFINEX:BTCUSDLong
by DrDovetail
Eur Usd possible Double Top at TL1) Price touched the big falling trendline 2)Price formed a Double Top right at this Trendline 3)RSI confiming a Divergence and indicating that price might go short here I just want to see a break n close through the light blue s/r zone here . I have enough confirmation by the 3 points above for a short now i just need this last push down breaking the structure to open a short position . Alternative keep your eyes open for break to the upside above the Double Top this will invalid the short scenatio for now and will open some space to the upside.
Short
by Trueman23
Bitcoin: BTCUSD Double Top at 9000 - Caution Required Now Bitcoin Bitfinex Chart Update Double Top at 9000 Witching Hour - Caution Bitcoin reached a high at 8999 on Bitfinex overnight around mignight gmt - effectively a double top here after a 50% rally. As the futures chart shows the entire range from 9000 to 9225 is a powerful resistance zone and Bitcoin is clearly struggling to make headway above here. Additionally it has lost the longer term dynamic support and although buyers have appeared at the 8346 line it's more likely day traders scalping 200 points where they can. It's difficult now to keep a bull hat on from here ...it will have to break above the parallels guiding the current down-trend from the overnight high and then hold up at 8586 to change the picture back to near term positive - but even then the bigger rising dynamic now above price will be likely to hold back rally attempts from here - if we see this and you follow long again to use a stop under 8550 as any breakout from 8586 line cannot be trusted as others were - because of that overhead dynamic resistance line. Right now this is day traders' territory - the smaller rsisng dynamic running under price is their likely stop line and if breaks below it it will fall away to 8346-8300 again and then if this breaks to the lower parallel of the continuation pattern . All smaller 150 to 200 moves right now. But in near term Bitcoin is trying hard to penetrate the upper parallel of the continuation pattern - bulls don't want to quit still, but they're beginning to push against a closing door...that bigger rising dynamic now above it is likely to stop any rally from here...after a 3000 point 50% rally, where we first bought at 6200 and have bought every break out good and bad since, discretion has once more become the better part of valor for wiser Bitcoin bulls. We had our time. And now it's time to turn cautious again. Just be very careful if tempted in by this rally now...it can push higher because some still have bull hats on when they should really be looking for shorts from here - but that dynamic should stop them if they can push it that high. If you're still wearing your bull hat, tread carefully, is all.
BITFINEX:BTCUSD
by sumastardon
2
Eur Aud Short after double topIt looks like a classic top pattern for me . We see price found reistance in form of a double top right at a previous swing high which provides this resistance area. I look for a short trade after price breaks n close below the double top neckline (support) . Looking for a target at round about 1.54500 area. If price cant break below i look for the other direction and a break of the resistance at the top for further bullish momentum. 2 simple "If then" scenarios for this more or less classical top formation.
Short
by Trueman23
Top 5 Coins With Strongest Recovery RecentlyOn the 6th of February, the Bitcoin has tested the lowest price since correction from USD 20k resistance started. Price dropped to USD 5.9k and corrected upwards, while during the past few days it reached USD 8K, re-gaining 40% against the USD. Is it a quite strong recovery and perhaps the end of correction? Nevertheless, some coins corrected up much stronger than the bitcoin and below is the chart presenting the winners. INTERNET OF PEOPLE (50% Recovery against the Bitcoin) FUNFAIR (43% Recovery against the Bitcoin) DECENTRALAND (37% Recovery against the Bitcoin)  POWER LEDGER (34% Recovery against the Bitcoin) GLOBAL CURRENCY RESERVE (32% Recovery against the Bitcoin)
COINBASE:BTCUSD
by CryptoPAMM
1
SPX / D1 : Good bye Parabolic ! One more fallen unicorn...Many were those who kept telling me searching for the market top was stupid.. cause this was bullish and that if we had to retrace this will be done smoothly and with pre-signals.. Well... Not really... Cause at that point we may eventually find a potential short term support to hold the falling knife... or not.. Because why would you buy this market ? Giga caps are all overpriced, small caps are tumbling.. There's actually nothing to buy here as we pushed way too far for quite a long time.. The only thing that would worth buying pbly is gold ^^ Well now that we're out of parabolic dreams, we can go back to reality and find decent support pricings to eventually forecast potential calls again. But for now.. everyone will obviously reverse to bearish retracement.. Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) You can check my indicators via my TradingView's Profile : @PRO_Indicators Kindly, Phil If you want to learn more about the basic rules to trade with my indicators here's the educational video link :
FX:SPX500
by PRO_Indicators
4
AUDUSD H4You look this Cross . We have a double Top with conditions. The condition is that the maximun 2 ... yes did a maximum but close down the maximum number 1. This pattern is mean to go Short. Now we have a support on 0.80410 . If the price broken the support and after touch a new time 0.80410 ( new resistance ) .... And you dont forget the MA 50 that will be broken.You can go Short. Open at 0.80410 with Stop Loss at 0.81122 and Target Price at 0.79590. Can to be ???? We hope. by Ulisse010 from Thailand with love
Short
by GianfrancoFidalis
13
Gold: XAUUSD Look for potential top this weekGold and the Dollar XAUUSD and DXY The dollar's decline is close to finishing. Likely to be one two spots outlined below - so this is likely also to be a big week for gold, oil, and across US pairs too. Look for buy set-ups on dollar pairs and sell set-ups on gold, silver, copper and oil... As DXY tries to climb and hold above a little dynamic that underpins price from the lows,so gold is held back by a similar dynamic resistance line from the highs on the chart to left. DXY is close to changing back to positive, either from here, at 88.44 or from 87.70 at lowest. This is likely to happen this week. It means that gold also is likely to reverse from current levels, or from one last burst higher from here at best. If it's to reverse here DXY will have to break and hold above 89.53 - in so doing it will have broken key fixed resistance and the upper parallel which has controlled the current down-wave from inception and so will flip the dollar back to positive and gold back to negative again. This should be reflected by gold falling below 1341, giving the first confirmation that the trend has changed back to negative in the near term and triggering a fall back to 1306 in all likelihood. However, if 88.44 fails to hold during the course of this week it will tip the dollar into what should be one final selling climax which should culminate at around 87.70 at the extreme before DXY finds support and begins to rally again. This will carry gold to 1375 and at an extreme to a 1389 high.Look to close out remaining gold longs here, and some will consider shorting if we see this price action develop later this week - rejection spikes appearing on the 1, 2 and 4 hour charts will tend to confirm that gold is changing trend (the longer the better if looking to short here) and a break below 1341 will further confirm, triggering a short back to 1306
FX:XAUUSD
by sumastardon
1
XAUUSD and DXY - Gold top likely this weekGold Dollar XAUUSD and DXY The dollar's decline is close to finishing. Likely to be one two spots outlined below - so this is likely also to be a big week for gold, oil, and across US pairs too. Look for buy set-ups on dollar pairs and sell set-ups on gold, silver, copper and oil... As DXY tries to climb and hold above a little dynamic that underpins price from the lows,so gold is held back by a similar dynamic resistance line from the highs on the chart to left. DXY is close to changing back to positive, either from here, at 88.44 or from 87.70 at lowest. This is likely to happen this week. It means that gold also is likely to reverse from current levels, or from one last burst higher from here at best. If it's to reverse here DXY will have to break and hold above 89.53 - in so doing it will have broken key fixed resistance and the upper parallel which has controlled the current down-wave from inception and so will flip the dollar back to positive and gold back to negative again. This should be reflected by gold falling below 1341, giving the first confirmation that the trend has changed back to negative in the near term and triggering a fall back to 1306 in all likelihood. However, if 88.44 fails to hold during the course of this week it will tip the dollar into what should be one final selling climax which should culminate at around 87.70 at the extreme before DXY finds support and begins to rally again. This will carry gold to 1375 and at an extreme to a 1389 high. Look to close out remaining gold longs here, and some will consider shorting if we see this price action develop later this week.
FX:XAUUSD
by sumastardon
Top 3 Most Consistent CoinsDuring the past couple of month, the crypto market has been going through two major phases. The first phase, that took place during December 2017, was a strong uptrend amongst most coins, substantial growth, and almost a non-stop rise.  The second phase, that took place During January 2017, was a consolidation phase, where most coins have been correcting down strongly or consolidating. But there are coins with a better performance, that have shown great stability and consistency during both phases. While most coins were suffering they proved to be the most stable in comparison to the rest cryptocurrencies. And the winners are: 0X EOS NEO
by CryptoPAMM
1
Ripple Possible TopIf we follow the alt coin cycle from last may where XRP topped which was followed by a large sell off in the crypto market then a rally for Ethereum based coins, Xrp in this case has topped. So now we are in the phase where xrp recovers to around 75% of its value from the high to around $2.4-$2.6 area. In the mean the mean time Ethereum should make new highs and go to around $2.5k where all alt coins will top. I believe that BTC has already topped for this cycle and I stay with this bias as long as it doesnt break 17k again. Good luck trading guys this is just my current outlook for the market.
BITFINEX:XRPUSD
by Pumptruck2