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Washout

BTC Bearflag *caution*Theres a possible Bear flag formed on BTC with a historical support now turned resistance. The S/R line has been important in the past as it was the retest that kicked off the last major bull run and also caused the spring in July when we broke below it. This is a word of caution as most peoe are looking at the pennant that has formed and the FOMO might kick. I would be looking to short at the top of the bear flag. The target is around 23k and it could give us the final wash out to the 200week MA. Let me know what you think in the comments
BITSTAMP:BTCUSDShort
by Cymoongale
2
BITCOINS chaotic price-action is causing confusionHEy tradomanics, looking at the previous price-action and momentum of BITCOIN we see a little bit of mixed signals and confusion. The recent wash-out and so called "flash-crash" is usually a strong indication for stop-loss-fishing and so a very bullish sign. All combined with an S/H/S-Pattern which should attract more sellers to save profits or to bet on shorts actually less necessary imo. If all this liquidity got grabbed by bigger players, we should actually see a reversal and so more strong momentum to the upside. Since we`ve seen another quick fakeout abpve the current trendline, the market continues to consolidate between the neckline of the S/H/S and TL. What do you think is going to happen with Bitcoin in short-term? Does that wash-out soon will cause another rally? Or will this S/H/S get triggered again?
BITSTAMP:BTCUSD
by Trading2ez
5
Washout Scalp In December Gold FuturesAt press time, December gold futures are up moderately for the session trading above the 1210.0 handle. Make no mistake, this is a critical technical level. If we see another late day sell-off in bullion, a bearish washout may develop beneath Tuesday’s low (1205.8). Here is the trade: 1)Entry: Sell 1205.7 2)Stop Loss: 1207.1 3)Profit Target: 1204.7 4) Risk vs Reward: Sub-1/1 The goal is quick and positive price action. If there are buyers home above the 1205.0 handle, then head for the door. This trade is good for the remainder of the Wednesday session.
COMEX:GCZ2018Short
by FXLeaders