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Tweezer

forexTrdr NZDUSD - TWEEZER BOTTOM BOUNCE FOR KIWIMorning traders Another start to the week. Monday 17th of June lets go. Following a very successful short on Gold on Friday from 1354 down to current market at 1333 for our team we are looking for our next winning trade. Today we are taking a look at a bullish setup on New Zealand dollar versus US dollar following the formation of a Tweezer Bottom candle pattern on the daily chart. What this points to is a reversal of the bearish trend that we had last week. This lines up with RSI being in extreme oversold levels last seen at the end of April and resulted in an 80 pip move higher for the pair. We are therefore looking for the pair to follow a similar pattern back towards resistance around 0.66 as per our trading view chart where we have highlighted all of the areas of interest. Good luck trading from the Team at forexTrdr find us on instagram, twitter and Alexa flash briefings
Long
by forexTrdr
forexTrdr EURUSD - LOWER HIGH DOWNTREND CONTINUEMorning traders, Back into the market after a long weekend in both U.K. and U.S. and we are looking at the continued downtrend of Euro versus US dollar. A series of lower highs continues to form with support around 1.11 area providing a short opportunity of 90 pips. We also have the formation of an Evening star candle or tweezer top if looking on longer time frames. Both point to a bearish pattern forming. Additionally we have heightened tension with Italian government and the EU likely to add negative headlines over the coming trading week. Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Metatrader and most broker platforms. Good luck trading from the Team at forexTrdr find us on instagram, twitter and Alexa flash briefings
Short
by forexTrdr
Today's Tweezers Results in Bitcoin Lower HighThe drop today in bitcoin is forming a tweezers pattern for the past two day's price action. This shows a rejection of yesterdays price increase and the drop today also forms a lower high on the longer-term daily timeframe. The candle has not yet closed but this type of price action typically would result in an increased likelihood of a movement to the downside, especially if the price can close as it is currently forming. The closest level is resistance at $3902 and I will seek to enter a short position at $3901. If the position is entered successfully, a stop loss will be placed at $3950, slightly above yesterdays close. Profit target will be $3840, just above the FTA at $3831.
BITMEX:BTCUSD.PShort
by AdaptiveAnalysis
NZDUSD Short DailySell Idea: Entry: 0.68838 SL: 0.69416 TP: 0.67403 This trade was taken based off of S/R levels, candlestick formations, and divergence. Yellow Line = Weekly Level Pink Line = Daily White Line = Monthly The closures over the last 2 days created a tweezer top bouncing off of the Weekly resistance level. This bounce also resembles the beginning of a double-top chart pattern, and shows the strength of the Weekly resistance. Finally, Tenkan-sen and Kijun-sen have a vast amount of distance between them. This is a sign of divergence, as well as the Williams %R scale. I do also hold the belief this could be a setup for a longer-term buy. This is why I have my Fibs on. I'm also using them as TP markers. TP1: 38.2 TP2: 61.8 TP3: 100 *Side Note* My price entries, SLs, and TPs are all based on my broker. Let see what happens!
Short
by jonjaytx
gold short setup with ma crossover and lower lowsLooking at the gold today weekend, it has been in a range for some time now and we've seen that in side the range has appeared another resistance zone. I am looking to short this and take profit down towards the next support zone. Price seems to created a tweezer top on the daily and price has driven down from that resistance zone in lower timeframes such as the 4hr/1hr and price has created a HIGH and LOWER LOW + 30 ma has crossed over which gives me confirmation that the market will drive lower. All this can be seen on the 4hr/1hr very clearly. Trade this with caution and enjoy your weekend.
TVC:GOLDShort
by chiefcapitalfx
1
Bitcoin Daily Update (day 199)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My most recent Bitcoin Bubble Comparison led to the following predictions: 1 day - 28 days = < $5,750 | bottom prediction: $2,860 by 10/30 Previous analysis / position: Identified resistance cluster from $6,67 - $6,887 that I believed will be the top of this bounce / Short ETH:BTC from 0.03143 | Short EOS:ETH from 0.0252326 Patterns: Descending triangle Horizontal support and resistance: R: $6,539 | Weak S: $6,450 BTCUSDSHORTS: Looks toppy with hanging man and then extended range. Funding Rates: Shorts pay longs 0.0384% 12 & 26 EMA’s (calculate % difference): 12 is being tested for resistance | 26 = -2.05% 50 & 128 MA’s: 50 = -4.28% | 128 = -7.53% Volume: Declining volume while price rises on 1h FIB’s: 0.618 = $6,637 | 0.786 = $6,414 Candlestick analysis: Daily doji | 4h bearish engulfing tweezer top Ichimoku Cloud: 4h cloud providing resistance. Thick cloud with flat top says it will be strong from $6,500 - $6,750 | Add this to the resistance cluster mentioned in yesterday’s post TD’ Sequential: Daily on a green 4. Top on the 4h 9 mentioned yesterday. Visible Range: Looking back to February when we have continued to test this price makes the most sense and it shows the point of control at $6,514 and a high volume node up to $6,724 BTC’ Price Spreadsheet: 12h = -0.02% | 24h = - | 1w = +1.38% | 2w = -9.98% | 1m = +4.49% Bollinger Bands: A return to the MA at $6,743 is to be expected after bouncing from the bottom band Trendline: At this pace we will test the top of the descending triangle at $7,031 Daily Trend: Chop Fractals: Up = $7,475 | Down = $6,065 On Balance Volume: Moving with price / no div’s ADX: ADX fell below 25 indicating trendless market. Chaikin Money Flow: Bouncing from oversold zones on weekly. Pulling back from overbought zones on daily. RSI (30 setting): W = 48.98 | D = 46.51 Stoch: Daily buy signal is trending up. Summary: I am starting to think that we are going to see the price resist below the original cluster that I was looking at. I would be surprised if we break through that daily doji from yesterday. That is when I expected the rally to $6,700+ Instead we were unable to test $6,660 and now the 4 hour chart is showing serious signs of a top. The high volume sell off followed by the bearish engulfing tweezer top is a strong indication that we will continue down from here. Nevertheless the shorts remain at all time high territory and are showing significant signs of a top themselves. Will be get one more squeeze that takes us to $6,700 - $6,800 or will we sell off from here? I would say it is about 55%:40% and 5% other. Here is my ETH:USD chart. The pale red box is where I want to build my next short position. The dark red boxes are shorts that have been called on this blog. I also have an order set to short EOS:BTC at 0.0007474 and I am 66% entered on my EOS:ETH short at 0.0252326. Click here for my EOS analysis.
BITMEX:BTCUSD.PShort
by Sawcruhteez
Bitcoin Daily Update (day 191)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. I did another in depth bubble comparison yesterday and have amended my short term projections. Click here to read that analysis. 1 day - 28 days = < $5,750 | bottom prediction: $2,860 by 10/30 Previous analysis / position: “$6,789 and $6,343 are my key areas of support...If you are not in position then now is not the time to chase! Wait for a bounce and then be ready to short...If you did enter in the last few days then now is the time to adjust stop losses to breakeven.” / Closed ETH:BTC short at +77% with intention to re enter if we bounce. Still short ETH:USD. Took profit on 33% of position improving my average cost basis to $317.37 per ETH. Patterns: Weekly tweezer top. Descending triangle. Horizontal support and resistance: R: $6,476 - $6,500 | S: $6,268 - $6,347 BTCUSDSHORTS: Approaching all time high levels. Funding Rates: Shorts pay longs 0.0815% 12 & 26 EMA’s (calculate % difference): 12 = -6.79% | 26 = -6.14% | Very surprised that they have yet to make a bearish crossover. 50 & 128 MA’s: 50 = -8.53% | 128 = -11.05% Volume: Big volume spike yesterday provided confirmation that the sell off was not a trap. Very surprised by the volume today. Currently 2X average and still more than 6 hours left! FIB’s: 0.886 at $6,262 predicted current bounce. Candlestick analysis: Bearish engulfing weekly candle has started every sell off in this bear market. Provides great confirmation for the bears. Weekly tweezers have also been very reliable/powerful. Ichimoku Cloud: “Best entries occur when everything flips at once” Looks like this is getting ready to happen on 4h. Incoming TK’s cross + likely bearish kumo flip + just started trading below the cloud. TD’ Sequential: 4h chart is currently on a green 1 that was a red 9. Interested to see if we bounce. Daily provided entry with R2 < R1. Visible Range: Short term gap from $6,480 - $6,880 has been filled. A bounce back to $6,880 to test for resistance seems likely. BTC’ Price Spreadsheet: 12h = +0.31% | 24h = -7.97% | 1w = -7.89% | 2w = -3.90% | 1m = -1.36% Bollinger Bands: Almost touched bottom band on yesterday’s selloff. Expect MA at $6,787 to become strong resistance. Trendline: Connect July 26th to September 4th. Daily Trend: Bearish Fractals: Down at $6,231 represents key area of support. On Balance Volume: Moving down w price ADX: -DI crossed above +DI as expected and they are quickly diverging. ADX crossing 20 indicates that the range should be over and we should be ready to trend again. Chaikin Money Flow: Moving down with price. RSI (30 setting): W = 48.69 | D = 45.02 | Pulling back below 50 provides further confirmation for bears. Expecting a return to 30 before thisj bear market is over. Stoch: Pulling back sharply on daily. Made a bearish crossover on 3d. Summary: There is plenty of confirmation that indicates yesterday’s selloff was only the start. Specifically I am referring to the: Bollinger Bands, RSI, ADX, VRVP, weekly bearish engulfing / tweezer top. The only two factors pointing to the contrary are: btcusdshorts nearing ATH’ and the funding rates being very expensive for short sellers. This tells me that we could see a sharp spike to $6,800 - $7,00 before continuing the sell off. If this happens it will provide a tremendous selling opportunity. If you are not in a position then be prepared for that outcome. If you are in a position then taking some off the table with the intention to re open if we bounce makes a lot of sense to me. There is also the possibility that short sellers blow through the all time high levels and go on a bit of a parabolic run themselves. This seems more likely than usual due to how fast they have risen over the last few days. That tells me the positions are being held by a small number of traders. I get concerned when everyone and their UBER driver’s are opening short positions and that doesn’t appear to be the case this time around.
COINBASE:BTCUSDShort
by Sawcruhteez
BTC forming Tweezer tops?On a 4 hour chart we can see Bulls losing steem. First a dragonfly doji candlestick formed which represents big amount of bearishness. Few hours later a Tweezer tops formation can be seen. If BTC closes like that, we could see another fall to the new lower lows (5400-5700) as third Elliot downtrend wave will start forming (usually the nastiest one). Other indicators are RSI where we can see lower highs and MACD where bearish divergency started forming. We would need to see huge rally to 7600-7700 range to start changing market trend, but at this very moment that seems far away. What do you think?
Short
by zoxparty
1
Bitcoin Daily Update (day 184)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to get my complete trading strategy and click here to learn more about how I use the indicators below! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. 1 day - 3 day: short squeeze/test top of triangle at $7,500 -$7,650 | 3d - 1 week: Retest $6,000 | 1 month predictions: < $5,750 by 9/24 | bottom prediction: $3,000 by 10/30 Previous analysis /position: “Due to green 7 on TD' Sequential I am expecting two more days to the upside and will be crossing my fingers for a 9 at resistance combined with a reversal candle to provide a perfected entry.” / sidelines Patterns: Descending triangle Horizontal support and resistance: R: $7,150 | S: $6,800 BTCUSDSHORTS: Have pulled back 32% while price only bounced while price is only +1.1% since short squeeze. Funding Rates: Longs pay shorts 0.0116% 12 & 26 EMA’s (calculate % difference): 12 & 26 = + 1.18% | If price breaks down EMA’s it would be a good confirmation to enter a short. 50 & 128 MA’s: 50 = -2.20% | 128 = -7.05% | breaking down 50 MA is very bearish Volume: Still significantly lower than average. Watch for it to pick up drastically if/when we break down $6,800. FIB’s: 0.618 = $6,895 | 0.786 = $6,509 Candlestick analysis: Hanging man + tweezer top confirmed Ichimoku Cloud: Held as resistance, back in fully bearish territory. Unresolved c clamp on weekly. TD’ Sequential: Daily G8 Visible Range: $6,368 remains the crucial area of support as it is the point of control over the last 6 months. BTC’ Price Spreadsheet: 12h = -2.84% | 24h = -3.56% | 1w = +4.76% | 2w = +4.86% | 1m = -16.62% Bollinger Bands: Expected to retest Daily MA at $6,532 after pulling back from the top band. Trendline: Connects Aug 22nd - Aug 26th and is currently being violated Daily Trend: Bearish Fractals: Down = $6,230 | UP = $8,314 On Balance Volume: No div’ ADX: ADX found support at 15, indicating that we have ranged for long enough and should start to trend again soon. -DI and +DI converging, expect them to cross in the next week. Chaikin Money Flow: This thing has been all over the place and I have not found it useful at all over the past couple weeks. Bull div’ then bear div’ now bull div’ on daily. Massive bull div’ on weekly has become a very significant bear div’. RSI (30 setting): W = 49.6 | D = 49.67 Stoch: Sell signal on daily. 3d shows plenty of room left. Summary: Looks like we are just going to miss the perfected entry that I was hoping for yesterday. Instead we got a hanging man + a tweezer top which provided a low risk entry yesterday. Unfortunately I was on the golf course and unable to sell once the current candle traded below yesterday’s HM. Now I am thinking today will be a great time to open a short and tomorrow/this weekend will be the time to add to it (if and only if it is moving in our favor). I will be watching for the following and entering my position in quarters following each confirmation: Bounce from $6,800 support creates lower high below $7,128 or a double top. Breaking down $6,670 would make for a very bearish weekly candle and would firmly put us back below $6,800 resistance. Breaking down $6,368 puts us back below the point of control on the visible range volume profile when looking back 6 months. Taking out 2 week lows at $6,179 would provide the final confirmation. I will be watching Bitcoin’ for confirmation to enter and then I will be shorting ETH. When/if it breaks down $260 I am expecting it to get ugly. As is stands right now I would be placing stops right above yesterday’s high.
BITFINEX:BTCUSDShort
by Sawcruhteez
Bitcoin Daily Update (day 183)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to get my complete trading strategy and click here to learn more about how I use the indicators below! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. 1 day - 3 day: short squeeze/test top of triangle at $7,500 -$7,650 | 3d - 1 week: Retest $6,000 | 1 month predictions: < $5,750 by 9/24 | bottom prediction: $3,000 by 10/30 Previous analysis /position: Seeing signs of a reversal and very unimpressed with volume on breakout. However decided to hold off on re opening shorts due to green 6 on the TD’ Sequential / sidelines Patterns: Descending triangle Horizontal support and resistance: S = $7,000 - $7,050 | R = $7,125 BTCUSDSHORTS: Currently testing 30,000 for support (was resistance). If it finds support here we could be looking at a Bulkowski Big W. Funding Rates: Longs pay shorts 0.01% 12 & 26 EMA’s (calculate % difference): 12 & 26 = +4.92% and making bullish cross 50 & 128 MA’s: 50 = +1.65% | 128 = -3.91% Volume: Very unconvincing. Remains below MA on daily and that is a strong indication to me that this is only a temporary squeeze. FIB’s: 0.5 = $7,161 | 0.382 = $7,462 Candlestick analysis: Tweezer top/bearish spinning top forming on daily. Ichimoku Cloud: As expected the cloud and Kijun-Sen are acting as resistance. TD’ Sequential: Green 7 indicates two days left to the upside. Visible Range: Low volume node from $7,100 - $7,300 with 3 month look back. BTC’ Price Spreadsheet: 12h = -0.35% | 24h = -0.4% | 1w = +10.63% | 2w = +12.06% | 1m = -14.56% Bollinger Bands: Last two daily candles closed outside BB. Feels very similar to July 19th. Trendline: Descending triangle. Could also connect August 22 - August 26 Daily Trend: choppy Fractals: DOWN = $6,210 | UP = $8,321 On Balance Volume: Following price, no div’ ADX: ADX finding support at 15? Chaikin Money Flow: Bear div’ on weekly. Pulling back on daily and about ready to create a bear div’ as well. RSI (30 setting): W = 50.02 | D = 51.78 Stoch: Overbought on daily. Plenty of room to go on 3d. Wyckoff: "Point 11 gives us our last opportunity to cover any remaining longs and our first inviting opportunity to take a short position." Summary: Feeling very confident in selling this bounce. Nothing about it makes me feel like it will be sustainable. It is a short squeeze and it is not causing FOMO buyers to pile on like it did in April. Due to green 7 on TD Sequential I am expecting two more days to the upside and will be crossing my fingers for a 9 at resistance combined with a reversal candle to provide a perfected entry. It rarely works out like that and I will be prepared to start opening shorts today if we continue to retrace much further. Will be watching for today’s candle to retrace 50% or more in relation to yesterday’s candle to indicate that this rally is exhausted. Will be sticking with the plan of shorting alts instead of BTC’.
BITFINEX:BTCUSDShort
by Sawcruhteez
2
[Red Apple] "Wait until breakout $7100~7200"_BTC/USD_18.08.29Let's analysis BTC If you are busy, you can just read below briefly 'A. Briefing ' 'E. Summary and Strategy' before read, click ' +Thumb up, +Follow' :-) A. Briefing . Approaching important level($7100~$7200) . Just before touching descending trend line . Indicators showing over-bought B. Daily Chart a. Trend Just before touching descending trend line b. Candle possible to be Three White Soldiers pattern -> today's candle is very important c. EMA being resisted by 100EMA d. Sum. penetration of 100EMA and descending trend line -> completed three white soldiers pattern -> possible to additional go up -> high possibility for Bullish market C. 4H Chart a. Trend Reversal based on Dow theory b. Candle Bearish Tweezers top c. EMA in right order d. Pattern horizontal pennant or ascending flag pattern -> breakout up-ward -> completed target e. Fibonacci 0.5 is important level for additional rise. f. Sum. There is Tweezers top pattern. This could be not really important signal because it is found out from low frame chart(4H) but if it cannot breakout continuously, btc price might be dropped down. D. Indicators a) RSI and CCI showed bearish hidden divergence like blue arrows in past and now, RSI and CCI are showing the divergence again. b) Stochastics is becoming converged. c) MACD : there's possibility for golden cross since Jan. 2018. d) Sum. If you check daily chart, bearish divergence more definite but also MACD shows positive signal. In this confuse situation, personally, correction phase at least will be come since $7100~$7200 is working as resistance. check out the direction of breakout on Stochastics but keep saying, do not trade with only indicators!! This is just your assistant for trading E. Summary and Strategy Recommend that Wait until breakout of purple box . even it is broken, there is descending trend line just above. always keep thinking about it. But, if you really really want to trade as aggressive traders, check harmonic patterns from above chart in short-term(30M). Trade with your standards. if i catch 'buy signal' and something special, 'll comment If you got help from my idea, "+Thumb up, +Follow" . Thanks. :)
BITFINEX:BTCUSDShort
by Red_Apple
BTC - Price Analysis (weekly tf)On 6/29 tweezer bottoms began forming on the weekly charts of BTC. There was also a strong buy signal on the stochastic at that time. Since then, MACD has exhibited a bull cross. The first one since December. Why is this important? Because that MACD is a lagging indicator. It's does not pick up quick market movements very well. Therefore, it is much more indicative of a trend reversal than the prior two upward movements we've had this year. Furthermore, the ADX is close to signalling a trend reversal as well. If the DIs continue to move in a bullish fashion a crossover would help confirm a reversal. Lastly, we also have the Kijun working as support currently sitting at the 7.8k price point. This is another difference in support than what we've had. Although, Kijun has begun moving sideways and it could also mean some sideways market movement for a week or two.
COINBASE:BTCUSD
by SpektreSignal
BTC - Price Analysis The price of Bitcoin formed tweezer tops (reversal pattern) 3 days ago, and after the FUD news in regards to ETF denial of the Winkle twins, we saw further consolidation down to the 7130 price point. There are two channel that contain the price currently. A larger ascending channel that the price is still within, and a potential downward channel. However, I believe support will be found before the psychological supports (light blue) in place at 7.4 - 7.7k which are further reinforced by fibonacci supports. Furthermore, the Kijun and Tenkan are also acting as support, and their horizontal motion indicates lessened volatility. The RVI again confirms the lessening volatility. Moreover, the ADX is sitting at 37.2 which still indicates this uptrend is still strong, and the widened DIs help support this thesis. For the reasons listed above, and the fact that the more important ETF application that was submitted by CBOE should be published in some bullish news over the next few days, I believe the price will find support at the 7.7k level before a possible extension back to the .786 extension point at 8.3k~
BITFINEX:BTCUSD
by SpektreSignal