EUR/USD - Head & Shoulders PatternHello friends! This is an update of my previous EURUSD idea, which is linked below.
The previously mentioned trendline broke with a heavy and strong move. We can see how a Head & Shoulders pattern developed at the top of an uptrend (purple channel). The Neckline of the Head & Shoulders pattern is mandatory for this trade and a possible entry zone for a retest of the Neckline, which might be in play this moment.
As per textbook, we determine our target price with the pattern height, starting from the neckline. In my experience, the target projection rarely works out. While i want to demonstrate a trend-change in this idea, you should sell portions of your position on the way down.
Let's see how this works out. I will keep you updated! Follow me to get notified about my updates.
cheers,
cryptobuller
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Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
BTC/USD - Buy the Retest! (Trendline & S/R Flip)Hello friends! This is an update of my previous idea, which is linked below. The price broke out of our range (red box in the previous idea) as expected and we are in a downwards move in this moment. While it's very tempting to catch a falling knife, especially after the price surge during the past two weeks, it's now important to verify possible entries. Our ultimate goal is it to reduce our risk, which is mainly influenced by heavy volatility.
I'm watching the ~$8250 level as a possible entry zone. We have the 0.618 located in this area, which is an interesting level for many traders. This level is intersecting with our Trendline as well.
We might also observe a Support & Resistance flip, which is described in the yellow box.
Let me know what you think and share your ideas in the comments section.
I'm also available on Telegram and Twitter for more frequent market updates. The links are in my signature.
cheers,
cryptobuller
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Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
ETH/USD - Trendline Confirmed Hello friends! Ethereum (ETHUSD) is slowly climbing towards our Confirmation Line for a possible long opportunity, while the price-movement of Bitcoin (BTCUSD) is still going sideways. The confirmation line is mandatory for this trade! We open our long position as soon as we close above the line.
I'm expecting a breakout to our resistance with a nice opportunity of 4% profit.
Please manage your risk properly.
cheers,
cryptobuller
XAU/USD - How to trade this Rising WedgeHello friends!
Gold (XAUUSD) had a strong run-up fueled by news surrounding political issues with the US and Iran.
As the hype settled down, the price topped out slightly above the psychological resistance at 1600.00.
This event was followed by a strong rejection with a 5% decline, leading to the swing low at 1535.00, which is the first confirmation point for our support as well as our Target trading a Rising Wedge.
To confirm a Rising Wedge pattern, we are looking for the following signals:
The price touched the Support & Resistance line at least 5 times
Higher highs paired with declining volume (Divergence)
A prior downtrend
Increasing volume at the breakout
The breakout of a Rising Wedge usually happens very quick. I prefer catching my entry after a second confirmation candle.
As mentioned above, our target is located at the low of the Rising Wedge. Our Stop-Loss is located slightly above the most recent high of the pattern.
Feel free to share your ideas for Gold in the comments section.
I'm available on our monetæ Trading Telegram Channel , which is linked in my signature. Feel free to join us!
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Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
XRP/USD - Short Opportunity This idea will be updated regularly, so make sure you get notified by following me .
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Pair: XRP/USD
Position: Short
Entry: 0.2318
Target: 0.2209 (4,5% Profit)
Stop Loss: 0.2367 (2.15% Loss)
Duration: 1-2 days
Risk: High - use low captial allocation
cheers,
cryptobuller
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Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
TWITTER BULLS ARE ALIVENYSE:TWTR has printed an ascending triangle on the 4H with a distinctive breakout which confirms the strength and direction of the bulls in this stock.
As with trading ascending triangles after the breakout i expect NYSE:TWTR to hit the measured target of $33.8 and possibly higher to fill the gap at $38.
ADA/BTC - Repeating Pattern (EMA 20 Break)Hello friends!
We have an interesting short opportunity on Cardano (ADA/BTC). The price closed below the EMA 20, which multiple times resulted in a further dip below the SMA 50 (Yellow Boxes). I'm expecting ADABTC to retrace to our key level (Purple Box), creating a higher low on the daily with a decent chance of a bounce.
This scenario should play out within 1-2 days.
Pair: ADA/BTC
Position: Short
Entry: 0.00000489
Target: 0.00000472
Stop Loss: 0.00000497
Please use proper risk management and a stop-loss level according to your personal risk profile.
I'm available on our monetæ Trading Telegram Channel as well as on Twitter - Feel free to join me! The links are in the signature.
cheers,
cryptobuller
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Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
Twitter's 2020 is Shaping up to be a Fantastic YearFounded in 2006, Twitter Inc. is one of the leading microblogging and social networking site in the world. The stock had an exceptionally strong run between 2016 and 2018. In a little over two years, the share price rose from as low as $13.63to as high as $47.87. That’s 252% gain in two years.
Unfortunately for shareholders, the bulls could not keep that momentum any longer. The past two years brought the exact opposite in terms of returns. In October 2018, Twitter stock fell to $26.28, down 45.5% from its June 2018 high, and currently trading -30% ($32.9) today. What do the next few months have in store for Twitter investors? Let’s hear what the Elliott Wave principle has to say on Twitter’s weekly chart above.
Twitter’s 2016-2018 rally unfolded in a textbook five-wave impulse, labeled 1-2-3-4-5. This pattern means the overall direction of the stock is up. However, a three-wave correction follows every impulse according to Elliot Wave theory. That is what I believe has been unfolding in the last two years.
Twitter Inc. seems to be declining in wave Y of a W-X-Y double zigzag retracement. Since fifth waves are usually fully retraced, it makes sense to expect more weakness in wave ‘c’ of Y. In the mid-term, downside targets near $24 a share are plausible.
On the bright side, once the wave Y downside target is reached, the 5-3 wave cycle would be complete. A reversal for the beginning of the next bull leg should then occur in that area. For now, though, the bears remain in charge. This is not the best time to buy Twitter stock according to the Elliott Wave principle.
What’s your view about Twitter stock?
NYSE:TWTR - TWITTER NYSE:TWTR
- Price closed with a hammer candle after a waterfall drop
- Buyers look to be stepping in at this key demand zone
- Will look to build a position from here to target a reversion towards the 200ma
- R/R 1:2 SL & TP on chart
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
The Market's Manipulation The market always has a game plan but the main aim of the market is to make you buy at the highest point possible. While the people who predict things get rewarded. The later you buy, the more that the people who invested at the bottom earn.
The MAIN AIM IS TO MAKE YOU BUY HIGHER!
The whales use your money by printing a picture for a massive buy signal for you at the highest point they can. They do this through many things such as Youtube, Twitter, RSI, MACD and loads more...
They might drop it to give you a massive sell signal, then pump it to your stop-loss and finally dump it back down again.
The whales can print buy signals wherever you go. They can print sell signals wherever you go. All through their power gained from capital. If used correctly, whales can change the position of many of the highest used indicators. Such as MACD or RSI. To change your mindset on the market.
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My thoughts on this market:
The market thoughts were the same when we hit the bottom at 3.5k.
We hit the bottom and people were thinking we were going lower. As we extended sideways, people thought we were still going down. Until nearly everyone thought we would go further down. We then pumped up, some people switched and thought we already hit the bottom. Some still thought we were going to dump to 1k.
As we slowly went up and more and more people thought we had hit the bottom increased. The fewer people who had not brought more bitcoin. When we hit the top, this was only the whales running out of people to get to buy.
The whales ran out of fuel and we had to slowly come down once again for accumulation.
However, the cycle of manipulation repeats itself but it the opposite way.
Right now, we are at an extremely critical point. A point with humungous support. Even when the facts are given to them by analysts on tradingview, youtube, and even twitter. They still deny that we will go up. Even though when given the facts. Deny the obvious. So when we do go up once again and we do start to rally up once again you will buy HIGHER!
Enjoy your day.
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WEAK INDICATORS - BE CAREFULIt's amazing how a stock looking bullish one day can turn negative the next day on no news.
The daily chart...
SNAP stock looks over bought. Accum/Dist & On Balance are trending down.
Stochastic looks over bought.
RSI looks like it's ready to peak.
A few indicators are still in an uptrend.
The Weekly Chart still looks to be in an uptrend.
We think the stock could go either way. BE CAREFUL
BEST OF LUCK & HAPPY NEW YEAR!
"Stock Art" - Elon MuskNew ATH's for Tesla. We can see 2 candlestick patterns here. First one I pointed out is a "morning star" which is a bullish 3 candle pattern (base) and following that is the "three white soldiers" candlestick pattern which is also a bullish candle pattern.
By understanding the true meaning behind japanese candlesticks will allow you to "read inbetween the lines" sorta speak. Every candle shows a story.
ICHIMOKU BREAKOUT ABOVE THE CLOUD - BULLISHSNAP popped up on our ICHIMOKU scan a little while ago as a breakout above the cloud.
From the looks of the indicators, the stock is going much higher.
MACD, RSI and Stochastic are all BULLISH
Daily Chart looks great!
Weekly Chart is BULLISH
WE DO NOT HAVE A POSITION IN THE STOCK. WE ARE WATCHING FROM THE SIDELINES.
We wanted to share the breakout with this board.
Best of luck with your trades!