Get started

Trend-reversal

BTCUSD - Potential Long Term Entry LevelI'm giving BTC a try for the first time since getting out of the market in December '17. Chart looks pretty bullish right now. Nethertheless, this is a pretty risky long term trade, so I'll keep position size small und may add some if momentum develops. If Bitcoin falls below 5000$, I'll expect some further downward movement and will be stopped out. This is definitly not investment advice, purely based on technical analysis and more of a market overview than a trade.
BITFINEX:BTCUSDLong
by HFBN
Bulls lift us up out of current bear flag after support of 50MAInteresting development...after reaching the drop target price of our original bull flags bearish breakdown, and wicking below the %)MA a couple times, suddenly the Bulls woke up and found a way to lift the price action up out of the most recent bear flag that was forming and carry it all the way back above the Tline...flipping the T Line back to a support role before closing the 4hr candle above it. A very very interesting turn of events because now as you can see indicated by the new hot pink trendlines, we have a potential breakout of a fairly good sized descending triangle if the newest 4hr candle can close above this triangle as well as above the recent bear flag we will have a confirmed breakout of both and you can see the projected price target of the bear flag breakout on the chart, indicated by the dotted green vertical trendline....but more impressive of a gain would be the dotted hot pink descending triangle breakout target line. both lines howevers targets are above the ever important resistance line of the 100MA(in blue) which used it's strong resistance to reverse the initial bull run we were on in the first place....both of these breakouts combined if they end up being confirmed would carry the type of bullish momentum we would need to both surpass the 100MA on this 4hr chart but also likely prevent the impending "death cross" on the 1 day chart....for now this idea will remain neutral...we need to see a confirmation close before we switch to long...this could potentially be another fakeout...and we never reached the last bear flags bearish price target drop so we may still need to do that first before a turnaround...best to stay neutral until this current 4 hour candle closes, but a very interesting development none the less. Thanks for reading ***not financial advice***
BITFINEX:BTCUSD
by DrDovetail
Goin' short on AUDJPYHi guys, i've been looking at this pair for a long time now. First, i've missed an opportunity to go long at the 82.00 level. Then, i saw price climbing up toward what would've been our potential target for a big pattern that was completed on the higher timeframe, namely the daily tf. Now, price has touched the 38.2 level of the bigger leg and has shown some signs of weakness. You can see price has gone two times in overbought conditions, and you can also see there's a major structural level looking left, that makes this case safer. Also, price has shown some rejection sign in the form of an engulfing candle on this timeframe. I'm waiting for a little retracement in order to short it, stops above highs and targets as shown. If you have any idea/question, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
8
Double Bottom to Reverse Current Downtrend?A double bottom looks to be forming on BTCUSD. It is still to soon to completely call it as a double bottom, but keep watch of the pattern. At 13,000 level recently a double bottom formed with very similar characteristics as this one and that led to a major trend reversal. This could be the trend reversal that we have all been waiting for. Happy Trading! Please donate if you like what I do! :) bitcoin: 1NTkRex1gE2iJ63sFQHNpFYkBoeZ3w69FZ burstcoin: BURST-S9HQ-84BX-CXX8-4RKBC
BITSTAMP:BTCUSDLong
by stupendelious
Bullish Cypher Formation Daily ChartCurrently it appears that price action is set to continue its push to the downside and if in doing so will form a Bullish Cypher Formation. I predict price action will either do 2 things (A) - test the lows of the minor structure level around the 1.16500 (price could possibly test it and bounce back to the upside or blow straight through it!!) (B) push down to the D entry put in some type of reversal candle and have a text book bullish cypher!! (if only it was that simple!) (C) push all the way down and test the monthly lows zone an possibly revers from there Personally I am not going to take this trade as soon as price hits the D Completion. when it gets close to the D completion zone also previous resistance which could act as support (highlighted in orange) I will drop down to a lower Time fame to look for an entry reason.
Long
by LukeFagan
EOSUSD Bearish DivergenceEOS has had a strong and slightly unexpected bull run these last few weeks. The ongoing ICO continues to release 2m new coins daily but buyers must be holding as the increased supply has done nothing to dampen demand so far. However, price appears to have topped out at around $2, and volume and RSI having been falling for the last week. Looks like a classic bearish divergence. I'm waiting for a clear breach of $1.75 (0.236 of current bull run) and/or a bearish candlestick pattern before I open a short position. Profit targets are: $1.50 (0.382 of current bullish trend) $1.40 (old resistance turned support) $1.30 (0.5) $1.10 (0.618) Stop loss: $2.00 Comments welcome.
BITFINEX:EOSUSDShort
by SammyNoden
1
Trading at market with USDJPY!Hi guys, this is a live trade example. As you can all see on the daily chart, price is up to retest a key structure level that held three times in the past. For this reason i was very cautious going short (the more a structure is tested the weaker it becomes) but right now we have an additional signal in the form of a second retest of a previous high with an engulfing kicker at the end of it. This is one good way to approach the market in situation like these. I'm selling at market, stops and targets as shown. If you have ideas/thoughts, feel free to share. Otherwise, see you in the next chart!
Short
by Roker1
5
EURUSD at the top? I think it could be the case (Video attached)Hey guys, in this weeky videoanalysis i spoke about EURUSD situation for the next days. As you could imagine from the charts above, my bias is SHORT, and that's because there's a break of structure to the downside on the dialy chart. A sign that hasn't happened for few months now: that gives extra power to this early signal. You could wait for a retest of the yellow box and some kind of reversal patterns on lower tfs, or you could trade the simple pattern (like the flag) that's forming up on the hourly chart. I'll take the first! If you want to know which are my other pairs on the radar, click the link below and give me a feedback! Last week we hit targets! If you want to share ideas/questions, feel free to ask beneath. Otherwise, see you in the next chart!
Short
by Roker1
2
EURUSD early reversal sign? Videoanalysis attached!Hey guys, in this weeky videoanalysis i spoke about EURUSD situation for the next days. As you could imagine from the charts above, my bias is SHORT, and that's because there's a break of structure to the downside on the dialy chart. A sign that hasn't happened for few months now: that gives extra power to this early signal. You could wait for a retest of the yellow box and some kind of reversal patterns on lower tfs, or you could trade the simple pattern (like the flag) that's forming up on the hourly chart. I'll take the first! If you want to know which are my other pairs on the radar, click the link below and give me a feedback! Last week we hit targets! If you want to share ideas/questions, feel free to ask beneath. Otherwise, see you in the next chart!
Short
by Roker1