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Whoknows

EUR USD IdeaAt this moment, it's crucial to recognize that the highest buy and sell levels for extreme moves in the month of October are positioned beneath us. In light of this, a word of caution is in order. Employing stop-loss orders is not just recommended but paramount. There may be instances where your stops get hit a few times, but this is an integral part of risk management. It's worth noting that such experiences often precede significant market moves. In trading, it's more than acceptable for your stops to temporarily take you out of the game because the potential rewards, in the end, can be substantial. Stay prudent, and remember that successful trading is about managing risk as much as it is about capturing opportunities.
by themarketknight
a long term lookTo be clear i am bullish on ether and think we still probably have a while to go before we see a correction like this however I do like to consider everything and look at both the bearish and bullish scenario. For some reason a lot of people want to act like ether has underperformed but if you take a look at this chart going back about a year to the start of this speed fan we have actually had an insane year. From 90 bucks all the way up to our current high of 2600 ish, not only did ether perform very well but it was something everyone could afford to be part of, from people working at mcdonalds all the way up to the rich hedge fund managers ether was a solid play for anyone. If you have not taken any profits yet maybe consider doing so now ( at least some) just on the off chance things do really flip bearish. If we do flip bearish I would not be worried until we break that bottom trend line, If that happens I could see us falling all the way down to that star I have marked on my chart at which point I think we would probably see an amazing bounce before continuing back down. We will see, I am still personally in the game but have sold off enough of my holdings that im happy and ready to buy the dip when it all comes crashing down. Personally, again ... I still think we will make it to at least 3k but its hard t o deny the change in mind set among traders and that general feeling of fear slowly creeping into the space !!! What is your view ? Up or Down ?
GEMINI:ETHUSD
by loadedcoal
looklook. According to wser people, this coin prices are easily manipulated, due to some mathematical factors which I don't understand. They talk about Logic applied to Statistics, correlations and so forth; the thing goes so bad that when we see a move like this one we miss it because it doesn't fit those lines. In other words, it is too hard to believe it is a sustainable growth,othing to do if it is for real or not. So in order to keep my peace of mind and my money.. I just.. .... ... Let it be. .....
by Claudio18
7
1 hour analysis. Break outs still on holdPay attention to the purple line. Its shows an inner (almost) "pennant" or closer to "descending" triangle. Either way this is still a trading and/or scalping range. Keep in mind that the EUR has been in a bearish trend for 2 years. We really need to wait for a big break out. Although, I have charted some easy spots to look for reversals, ill be taking shorts until this trend decides where it wants to go. I'm not much of a fundamentalist but I do pay attention. Still believe it will break out bullish. Final analysis... breakout will happen in the next three weeks. Watching for reversals and taking shorts until then. FX_IDC:EURUSD
Short
by BostonJoe
1
USOIL: closely monitoring..which direction going to go?Global uncertainty around coronavirus still present and oil price is pretty much under selling pressure.. ..according to the trend it seems logical to join bears if the price closes below the triangle chart pattern formed on 4h time-frame. However, if there will be any sign of positiveness regarding vaccine or OPEC members decide to cut the supply of oil the price should go up, so it's better to be prepared for joining bulls from a certain point. Enter/exit levels are on the chart, decent R:R in both cases. // Disclaimer: The published idea is my opinion, not investment advice. // Feel free to share your opinion/position via comment and follow me to stay updated + hit like button to support my work.)
FX:USOIL
by GIgor_021
(NFA/DYOR) Make or break for LINKUSD?Well, after a strong rejection from $3.00, $2.00 is holding thank goodness, and we've seen a good uptick in the past few days. However, we are not out of the woods yet, and where our current weekly candle closes will be a big tell for the next few weeks of price action. Firstly, above all else, SOME kind of green candle here is important if we are to find a “bottom” amongst the past month of price action. That said, I wouldn't feel too much optimism unless we get a lot closer to a real bullish engulfing and close above the previous red candle's open, that being at or JUST under $2.17 or so. Better case scenario would be a close above about $2.23, closing above the red candle before the most previous, AKA the one that came after our 23% fall. I hesitate to say “best” because best case is always a sharp shot to the moon, am I right? Anyways, if we close out at the end of December 16th at or above $2.17, and ESPECIALLY at or above $2.23, that would be the first major hurdle to start turning the indicators more and calling this a true “higher low” (compared to the low in late September). If we arrive at Christmas Eve with yet another strong green candle on the board, we would really solidify the yellow diagonal line I drew as a support line and could be making a good case for some bullish activity heading into January and beyond, with $2.50 being the next major test. All of that said, if our current weekly candle closes below $2.00, a return to our previous September lows of $1.50 to $1.75 wouldn't be out of the question. I'm not as experienced with TA as some of you, and I try not to get fancy with 31 different Fibonacci whatevers all over the chart because I feel like for others like me a crowded chart looks intimidating. I try to keep things as simple as I can for ease of reading and as to not outsmart myself and stick with some easier to grasp fundamentals. Any feedback is appreciated!
BINANCE:LINKUSD
by travislester37
4
Market Crash Projection using Yield Curve CyclesUsing the 10Y and 2Y US yield curves, I wanted to attempt a potential market crash timing on the Dow Jones Index. I used all available past yield curve data and found the timings of past 3 crossovers that correlated with the market. On average it took 508 days after the first 10Y-2Y crossover for the DJI to reach it's maximum value between the crossover and the bottom of the market crash that followed. Since the most recent crossover occurred on roughly Aug 26, 2019, that would put the estimate for the maximum value of the DJI to be on January 15, 2021. Following that max peak, my goal was to ultimately time the market crash, so I ran a quick logistic regression on the bottoms of each subsequent market crash from each crash's 10Y-2Y crossover. I decided on a log regression as i saw that the time that passed between of each of the past three crashes that were predicted by the yield curves was increasing, and I wanted to maintain that trend in my analysis. I found that the next BOTTOM of the market crash should be roughly 1000 days after the curve crossover, which puts the time frame around May 22, 2022 (also happens to be a Monday #BlackMonday1987). This is by no means thorough and mainly just to put a different perspective on how one could use the yield curves to forecast a financial slowdown using the past as an example. TVC:DJI TVC:US10Y TVC:US02Y
TVC:US10Y
by shack4
1
CAD/CHF What Will Happen???Looking at the chart, price is going to go one of 2 ways. (Obviously!!) We can see that there is a nice little resistance zone around the 38.2% Fibonacci level, if price gets rejected, again, we can expect a a move down, but by how much? Well I don't actually know as the markets have been moving mad over the last few weeks! If the price manages to break through the resistance zone, then we could possibly reach a dizzy height, around the 78.6% Fibonacci level. As we always do at Elevation, If we get a long trade confirmed, we will set take profits at each of the Fibonacci levels, if we get a short on the other hand, I think the sensible option would be a mechanical stop loss, see how the trade plays out and possibly change the stop loss to a trailing stop.
by elevation_forex
2