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Trends

Wedge Pattern On EURJPY FormedA wedge pattern has formed on the 1hr chart for the EURJPY. Price is likely to break to the upside, but look for a break in either direction. Upside targets are around 119.80 for first targets and 120.40 for second target. Wait for a pullback if breaking to the upside but if breaking to the downside there most likely won't be a pullback considering theres no support after the break so entry would be as soon as it breaks. Strong red candle would be an ideal break to the downside and best entry as soon as it closes.
by 8miles
#LTC will soon try to test 0.0122Currently just breaking the wedge and within what I think is an accumulation phase it seems that the next move that #LTC will do is test the monthly level of 0.0122 satoshis. This will be a nice trade if you are able to get aboard just now and hopefully the move will get there, it could also be even greater as it could try to get to the 0.01614 satoshis level which is a great sign looking to recover the previously trend that was created before April 15th. In the opposite direction the failure to test it and gain the 0.0122 level or a rejection to it will probably make it downwards and loose the 0.0097 satoshis level and head very abruptly towards the 0.0075 satoshis level which will be a very big loss for the bulls.
Short
by raserrano
Final push up for the EUR against the POUND?Since I am currently in a long trade for a final push up I will not be getting involved but we have a nice double bottom on the 4H and 1H, now at a Risk reward of 3.56 Good luck, if correct im expecting price to test the previous 4h highs and then start to see a reversal in the trend and become bearish. Daily shows bearish divergence and an asceding channel, quite a strong combination on the daily TF. Good luck guys. My final target for this is 0.90382
Long
by TradeEasy_Today
1
Potential trade setup: GBP/AUD analysisOn a technical perspective, price is clearly indicating that GBP could potentially reverse versus the Australian currency, price is respecting the weekly region of 1.7700 with previous daily closing above it, today's daily close could add further confirmation if the candle closes as a spinning top/Doji. technicals are pointing out to price possibly extending to the 4HR resistance region as a lower high if the price breaks the counter trendline we could expect for price to revisit the psychological area of 1.81000. Fundamentals ahead could be the catalyst needed for the price to move in our favoured direction, with Australian job reports expected to fall, and an improved consensus on retail sales for GBP could strengthen the sterling. As part of risk management, SL will be moved to breakeven just in case we do conceive adverse economic data. Great risk-reward trade.
Long
by danresdidualfx
Bitcoin - Weight of Evidence Analysis.Okay guys here's my weekly update for BTCUSD. This week has been a relatively boring one again, no substantial movements and we seem to be stuck in a sideways channel. Keeping the chart as simple as possible, I've removed the trend line as it's no longer confirmed and using my 45EMA and Support/Resistance lines. Here is the evidence we have to work with to assess any possible outcomes. - The price action is still above the 45EMA on the daily so I'm still bullish for the long term. = Bullish - A confirmed sideways channel has formed with low profit available to swing trade. = Neutral - Support of this channel is around $7460. - Resistance of this channel is around $8350. - Volume is dropping off, although higher volume found on green candles. = Slightly Bullish - MACD showing a possible Golden Cross forming. = Slightly Bullish - Daily RSI Sitting relatively healthy around 50 giving. = Neutral - Weekly RSI just under the oversold value. = Bullish - Weekly candle patterns look healthy for bullish continuation. = Bullish If we gather the evidence and analyse it, we see the there is a slightly bullish overall result. The smart trader wouldn't enter now as there is not solid bullish signals or breakouts. Here is an idea to help you put the odd's further in your favor during these channel formations. - Set a Stop-Limit Entry for a long position around 8500 if you're an aggressive day trader or 8900 if you're a less aggressive investor. - Set a Stop-Limit Entry for a short position around 7400 if you're an aggressive day trader or 7200 if you're a less aggressive investor. Once one of the positions has executed just close the other and set a stop that suits your trading plan/system. To finalise and sum up, the market is very close to neutral with a slight bullish possibility. Never try to predict the tape, just use the information it supplies to try build the best analysis possible while securing your margin. This Idea is in no way financial advise and it should never be used as such. All this information should be used for educational purposes only. Seek a qualified financial professional for advice relative to your financial situation.
BITFINEX:BTCUSD
by IRApTOIR
I have to post this apparently...Not that it will make a difference with 90% people... At least it gives me some practice. Always good. No point for me writting a large textwall explaining everything simply, those that need this do not read it or understand it anyway. I am not a trend expert. I am not a trend trader. I find it simpler to find reversal points at support at the end of corrections and typically miss the meat of the moves. Some people do this, most (successful) follow the trend, whatever works for you is good. What you have ease doing. But I think I am qualified enough to explain what a trend is. Plus I study them all the time to try and figure out where the pullback ends. Let me make a few drawings a 5 years old can understand: Now, let me take this 1 step up, making it a little harder, but still with a simple drawing even the people raging at me can understand. Now, I will make it slightly harder once again. Let's take it one step further. If anyone is having difficulties, start back at point 1. Now, to the next lesson, lets combine the 2: Putting it all together: There are exceptions: Some practical exercises: Are you biased? Or are you not? Trends are easy, corrections are hard. Only 1 type of trend. 21 types of corrections. Can look like this: Or like this: Or like this: Not like this, it cannot look like this: Or like this:
BITSTAMP:BTCUSDEducation
by MrRenev
106
Bitcoin Trend ContinuationOn the Daily chart, this is the potential long setup I mentioned in my Telegram group yesterday. If $8,200 is broken which is not yet confirmed, but looks likely, then this long trade may become active. The cryptocurrency market has been very volatile over the months of April and May so this is why I am staying on the Daily chart as opposed to the H4 as well as only searching for trend continuation opportunities and not counter-trends. Entry for this trade is around the $7450 level with targets up at the $9,675 level at the -0.27% Fibonacci and Stop Loss around $6,800 at the 110% Fib extension. This gives me a nice 3.39/1 Risk Reward which meets my preferred target of a minimum 3/1. Risk of account is 2% as usual. Of course, this buy limit may not be fulfilled and then further setups will be analysed in that case.
BITFINEX:BTCUSD
by TomFarren
1
The 3 types of trendSummary Introduction Type 1 Type 2 Type 3 Conclusion Introduction Trends are not created equal, there are 3 types of trends, I am not a trend trader that much but I can identify trends and tell the difference. This is what I know about myself: 1- Strong trends Examples: Ways to define these strong trends - Eyesight - With a momentum indicator (not a fan) - With a trendline - With moving averages As you can see, there are not many pullbacks with this type of trend - once it pullsback it is a reversal often, so how best to participate in this? 2- Medium trends Not going as much in detail here, don't care so much. Plus you get the idea anyway. Medium trends are not as awesome, they get quite choppy. Just not as good to participate in, in my opinion. Examples: Same ways to define it, but trendlines have smaller angles, RSI not as high, and use EMA 50 rather than 20. Ideas to trade, similar with 1 big exception: 3- Weak trends Ooooh what's that smell? I could trade it like a consolidation with a bear bias (only go short) in a downtrend? NO! In this EURUSD example you can see tops go lower, then higher, then lower. It is not clear, super choppy. The price is generally going down, but there are no good entries. Unless you do not mind a risk reward of 1 while trading a daily chart... The thing that makes holding weeks > get in and out is you can get high risk rewards, cumulate uncorrelated positions (which reduces overall risk), hence increase your profit without having more risk.. (Bonus) The "I am going to zero" trend Summing up: About the 3/5 group of strategies I have posted: 1/5 (The 4 kinds of bottoms) = Supply & Demand 2/5 (Buying pullbacks style) = Trend following / Troll strategies 3/5 (Trend continuation breaks) = (Strong) Trend following
Education
by MrRenev
MOONSHOT - attacking the most violent stock on earth!Qualcomm is probably the most violent stock on the planet. The resent trip to the moon was a result of the signing of a truce with Apple (APPL). Apple - the giant - had sued Qualcomm for $30 billion in an overcharging dispute. Qualcomm had fired back with a paltry $7 Billion counter-suit for lost payments. They settled their dispute and investors went into a frenzy. But have a look at this chart on any time frame. It's not just about the recent lawsuit. I've never seen such volatility before, in all my years. So - how does one exploit this. Volatility is supposed to be essential to making money in markets - right? Errrh.. so why is this one gonna scare a lot of people? The problem is in finding entry and exit positions! Those with keen eyes, have a look at the amber ATR indicator. Nearly every time there is a Grade A trend switch, $$ should flash in your eyes! It then becomes simple. The trend could decide your entry and exit points! No predictions! Now the challenge is to find a suitable trend switch on the recent moonshot! Note the folly of shorting on ridiculously high or low RSIs. On this chart the RSI peaked most recently at 95.
NASDAQ:QCOMShort
by Captain_Walker
Horrendous market conditions. Can only get better?I do not really know stocks, there might be opportunities there, but aren't they all correlated anyway? All the rest thought, nearly everything is crazy lame. What is this? Why? Too large influx of retail traders 50/50 coinflip prevents markets from trending? There are not even good ranges to trade. What if all these awful retail market participants are making markets random and much less volatile? Ahhh it's all over, we can't make money because of all the noobs that take random guesses on the direction. The Eurodollar for example, it's not tightening, it's like tightening but while pointing down. How does anyone make money in these conditions? Ignorant regulators are joyful "oh the volatility is falling due to trash traders 'buying oversold' great"... markets trend for a reason... So dumb... The smaller the ATR the happier they are, it's unreal "Great! I had a really bad experience when I gave it a try! If markets don't move other idiots like me won't lose money, awesome!". YES, and when that heartbeat stops you will have a beautiful flat line and won't have to worry about anything anymore ^^. Markets dying is clearly an awesome thing for the economy, woohoo! Unbelievable stupidity. Just unreal, I must be dreaming. I don't want to get wealthy by 76 years old. It's going to have to break eventually right? And then the suicidal thoughts will go away, yes, yes... Also for new traders, not the best conditions to learn. There's really nothing to get out of this. I already look at alot of markets... Might have to look at stocks if it does not get better... Assuming they don't get bad too. You CANNOT make money in a random market (well you can make a bit with interests or dividends then... not great). First let's look at the good news: 1- We can always participate in this nice Palladium bubble. It's expensive thought (fees), so only good for swing trading, and not just 2 days. 2- The bane of life on earth is trending, for now, we still get opportunities. I have a feeling it will make a lower high (already made a higher low), and just get tighter. 3- Indices are soaring, seems to be slowing down thought, except for CAC 40. Retail isn't interested in CAC 40. What if this is really the reason everything is dying? Hnnng no please no, gtfo dirty bronzes. 4- There is the Turkish Lira but I don't want to lose everything... Could trade it on a separate broker and be protected by negative balance protection... It's going up and interest for buy is pretty high... So long term swing trades are not that interesting. Turkey paying huge interest with imaginary money making it bad... Erdogan ruined the country... And can't even short the Lira too much interest rates, or maybe it's still worth it. I really would rather stay away. Now for the bad news, 185 points. I'll only show a few examples rather than all of them ;) Virtually all currency pairs are bad and offering very little opportunities... Silver has not been interesting for so long... Even soft commodities are not interesting...
by MrRenev
3
Changes in the bitcoin price predictions with google trends. I see, it exists alredy some changes of the behavior of google trends vs. bitcoin price ... 1.) The price falled in November 2018 AND the people wanted to know - Why? 2.) If the interesting falling (google trends lowers), some (big) investors trying to buy a big chunk - it results in a slowly (!!!) deflation... ((they don't want a hype!!! They are clever... They trying to regulate it... The Trustee at MtGox don't moved the remaining 165000 bitcoins to the market - so I am neutral with a little LONG of course. I investing already in ALTcoins again. Every bitcoin hype followed by an ALTcoin hype... But we have some ALT already, they are near to bitcoin: Bitcoin CASH, Bitcoin GOLD, ... AND RSK Smart Bitcoin :D But my favourites: Obyte (with DAG), Ignis, Ardor, ...)) Please see my post on the bitcoinlak also about this changes in the price analyse. I am ifinta on the bitcointalk.org since 2011. Please use my UNLICENCED ideas :) from bitcointalk.org also... bitcointalk.org/index.php?action=profile;u=28645;sa=showPosts I use google trends in analyse since ~2013... I published this kind of price prediction here in Nov. 2015 :)
COINBASE:BTCUSD
by ifinta