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EURUSD Bull Flag Set-UpEURUSD Trading the Bull Flag Formation A small bull flag looks to be in the early stages of formation. With DXY still under pressure and expected to fall away a further 2.5% to 88 over the coming weeks EUR has further upside in store. Can buy the dip back to the lower parallel of the flag - if EUR is to remain very positive there will only be 2 strikes on the lower parallel of the flag before it rallies up through the upper parallel to challenge 1.2515-1.2566 range where it will become vulnerable once more. Buy the dip to the lower parallel of the flag at 1.2092 with stop below 1.2050. Add on the break above the upper parallel of the flag and finally reverse from 1.2520 with stop above 1.2587
Long
by sumastardon
Bitcoin: BTCUSD New Trading Realities in a 'grown-up' worldTrading Bitcoin in the new Realities of 'Mainstream' When Reality Bites - How to Deal with it Dispassionately - or Miss up to 50% of all opportunities...trading for Adults in a grown-up world For those who like pattern spotting there have been three or four very good sell points off the Coinbase chart. Maybe 80% of the few people who read this will have Bull hats on, are inherent, full-on bulls. Only 10 to 20% will be bears. If one or the other we will miss 50% of all trading oppotunites, roughly. Who was looking for sell signals recently (after that RHS failure) ? No, because most of us are bulls we're only looking for positive signals. Try to be dispassionate about Bitcoin - that is not easy, being as we're humans. We're programmed to want to join the herd. A bison gets FOMO too, that's why he wants inside the herd and not out. Penguins too. But we are not penguins. We need to stop acting like one. Agreed? We need to be like doctors who will get sued for giving the wrong diagnosis, however bad that might be. The patient wants truth not platitudes. That's how we need to view Bitcoin. If we love it too much we cloud judgement and lose trade opportunities. So strive to be dispassionate. Or it will cost you roughly half of all opportunities. Look at the trail Bitcoin has left...get down off your horse and look...look how good those sells were on the breaks...how the first two break and then come back to retest the little dynamic from the underside and that's the sell with stops say 50 higher (never touched) and then look at the third and last arrow in the sequence - the market is moving fast at this point and there is no retest this time. And then the series of highs running right into the resistance line at 12472. Each was a fantastic near term opportunity to mine another 1000 points minimum out of this monster, and the last 2 breaks were 2000 points - that's 6000 points in breaks in 3 days. That is 60% of total value of Bitcoin right now. How crazy is that? You NEED to be Ok with shorting as well as going long to survive this market. You are not going to get every one, but half would have been good, very good. And look how simple the patterns are ! That ain't rocket science is it? One single line of dynamic support (upside doesn't really matter too much in a downtrend), we just need to get a line under the counter-rally - behaves very differently, obviously, in a slower market at top half of chart than in fast market where patterns are obscured in the noise more easily.
COINBASE:BTCUSDEducation
by sumastardon
1
BTCUSD two patternsHello. Two possible patterns appeared. H&S and W. Indicators shows bull`s tendens. For the last days my forecasts were very good with the help of indicators, so i think it`s more chances to go up from that point, at least to 17k (upper bb line). Cant say will it be higher or not, because we lack of fandamental now. The threshold is ma20 at 1d tf. breaking through will mean up, bouncing will draw right shoulder. Who`s holding - move your stop losses. Thank you for attention:) If my charts helped you somehow, you can help me with donation. I`m saving up 0.02 btc to start trading and the part of it i`ll use to get the tradingview pro pack. Any satoshi from you is precious for me. Watch status to make it. Thank you for attention!
BITSTAMP:BTCUSDLong
by IvanGuskov
Monero VS Bitcion Expecting More GainsFollowing the previous idea on Monero VS Bitcoin , it hit the upside target at btc 0.22 and went higher up to btc 0.029. Although price corrected back to the previous resistance which is now acting as a support.  This price seems a good entry point for a short-term trend up. The next strong resistance is located very close to the btc 0.03 psychological round number, that is confirmed by the 76.4% Fibonacci retracement level. It is quite likely that the next wave will be going up to test that resistance. Break above could push it even further, but it is yet to be seen if Monero indeed that strong. Only a break below the 200 Moving Average could invalidate bullish outlook.
Long
by CryptoPAMM
8
Litecoin: LTCUSD Next Long Set-up approachingLitecoin: LTCUSD 2 buy points: 1. On test of 240 with stops at least 5 lower, under the dynamic support line. 2. Add On a break of the dynamic above - need to see some volume pick up with the latter and a decent rally in first hour after it happens...if we see this it should pick up momentum as it rises and should then hit 283-285 before it meets profit takers again. Join them, or stay long looking for a staged rally to 310, 325 , 347 and eventually 375 again.
BITSTAMP:LTCUSDLong
by sumastardon
1
BTCUSDDISCLAIMER : I just want to make clear that I'm fairly new to this market, so any opinions and advices are welcome! This could all be wrong but lets hope not! :) After doing all 5 Impulse Waves Bitcoin must retrace and do ABC (according to the Elliott Waves) The A point should be near the Neck Line, B should be "the same" as 3 and finally, (according to the Elliott Waves Rules) C must be near the low-point of 4. After doing the ABC Bitocin will bounce back up Once again to wrap things up, this is MY opinion! Don't take what I say for granted! Have a nice day.
BITSTAMP:BTCUSD
by angel_lobs
7
IOTA Price Jump for Christmas! Similar to the Price Projection that I posted earlier today for LTC; we can see a similar Market Structure finishing and a New Market Structure forming Up! It looks like an "Elliot Wave," with an A,B,C Retracement pattern; following. Funny how all of the Crypto Coins/Tokens tend to follow the same trend pattern(s)?!? Could be a representation of the FREE MARKET finally flexing its muscles due to a lack of controls/Regulations from big financial firms/Governments; i,e, No manipulations from derivatives, futures markets, or etfs. This is my best educated guess as to where this market may go. (Sometimes you just gotta stick your neck out there to see if your right or not). If I am wrong then we are left with the CORRECT MARKET STRUCTURE; everybody Wins! I do believe IOTA is heading skyward!!! Merry Christmas! ; )
BITFINEX:IOTUSDLong
by iknoxred2012
BCHUSD Flag Formation: Next long set-up on breakBCHUSD Update What a difference a week makes. Within hours of the last comment BCH had fallen away to a low at 1631, 7 points lower than the perfect entry point at 1638, before ripping 300% higher in 6 days flat. Facebook eat your heart out. Now it's in the process of making a flag formation which will stay good so long as the rising dynamic from the beginning of the move holds up price on all tests. A break above the upper parallel that's containing this downwave will be worth following for another retest of the highs... And on the flip side of this particular coin, if that dynamic from the 'lows' at 1766 gets broken at any point now it will then fall away further down the same parallel to 2420 where it should bounce once more.Although it looks more likely to break up rather than down from here, we don't really have to second guess this right now. The chart will tell us and we can follow.
BLong
by sumastardon
2
GBPUSD: Flag formation signals more GBP strength in offingGBPUSD Another Dog that hasn't Barked Today's price action shows big spikes either side of current price, denoting uncertainty on both sides of this fight. But GBP has stood strong as the Dollar surges...what is it likely to do when the Dollar stops? Sterling has spent all year defying the bears. By the look of the flag now forming that situation looks unlikely to change. Two strikes (another retest is fine if it happens soon) means that so long as the lower parallel continues to hold up today in the face of DXY strength GBP is a still a buy at these lower levels with stops below the parallel for small loss if wrong here. And if so, and the lower parallel of the flag does give way GBP will likely fall away to 1.3237-1.3223 and then bounce from there. As things stand though, GBP is showing underlying strength despite current weakness - and that will remain the case so long as the flag formation remains good. Ultimately GBP should hit 1.38 and above - about 500 pips upside and 30 or so down
Long
by sumastardon