Get started

2019

A GAME OF RETESTS (crypto)Hello dear community, our last chart has reached more than 1000 readers, the fellowship of subscribers went over more than 30, it is SO AMAZING to be with you. Lets get right into Technical Analysis, because this situation could be even hotter than mexican salsa right now: If you compare this fractal to another one from 17th July 2017, a similar fractal has happened back then. (check it out on this chart, though you had to scroll back, which would be a pain in the cheek- I recommend to check it out on your personal chart) BTC was in its parabolic move up back then, and well...we all know how it ended. This "suckers rally right" now could be "suckers rally" indeed, or it could be the beginning of an expected new bullmarket after the cryptowinter of 2018! This formation right now is absolutely normal! Why? Because we did not double we almost trippled within 2019 (a little less than 200%- this actually "SICK GAINZ", because on classic stock market, you're kind of a god, when you return 5-10% yearly investments as additional profits...) Anyway: In this chart I can clearly see, that bulls as well as bears want to have a decision, whether the price moves up or down. Here is the thing: In the chart you can clearly see three different TOP´S (which are market on the chart) and a possible 4th TOP coming. This third top happened after the massive 5000BTC dump within 15 Minutes on Bitstamp. It actually recovered very fast and right now we already have printed the third top, after which the prices retraced/went sideways. At the moment, BTC tries to crawl up and retest this 3rd TOP at 8341. If we can break it and go higher, we may be uptrendy! Then it would fall down and retest 8400 again, from there a game of retests will start again. If Bitcoin cannot make another higher high, which must be at least 8350, we will PROBABLY fall down to retest 7400. If that happens, we will wait and analyse again. Until then guys, keep it safe, much love Thank you for reading & have a nice day, Roman -------------------- Focus on the journey, not the destination. Joy is found not in finishing an activity but in doing it. Hope you enjoyed it as I did reflecting on this one…you can support our community with a thumb up and a like if the content pleased you :-)
BITMEX:BTCUSD.P
by GER-Quality-Trades
1
My Bitcoin Ascending Triangle Game PlanOk, I'm assuming everyone knows Bitcoin is attempting an ascending triangle. What I don't like about this ascending triangle is the bearish divergence. What I really DON'T LIKE is the cross to the negative side as of two days ago on the MACD. This just shows that 'winter is coming' and the perfect opportunity for a short with it. Of course this is not financial advise and I'm merely sharing my thoughts. GAMEPLAN -------------- It is May 25th, 2019. I'm expecting a drop to 7890 around Memorial day before starting our last shot at breaking 8300 if we do not continue to fall. While the trend continues upward because of bulls buying dips, I will stay on my long and might add some at 7890 if we get there with VERY TIGHT stop losses. We all know we are over extended and the crazy strong resistance from 9.5k to 10k. So the way I will play this is planning to long 6k to 6.8k or short 9.3 to 10k and close my current positions via a stop at 7.7k if we drop below the support area. I will also be selling from 8800 to 9500 area while raising the stop at the same time. My plan is to average my entry within these points spread out evenly with a massive short at 10k or massive long at 6k if we get there which I doubt. Whether long or short there's going to be a lot of opportunity coming up soon. What is your game plan? How are you playing the next week? I hope you've establish it ahead of time.
BITSTAMP:BTCUSDLong
by dreamsound
1
Ultimate LONG 2019-2021 I see no recession coming. Get over with Trade wars, it is no longer irrelevant. It is only the headlines that make you drop your stocks so BlackRock and Vanguard can accumulate more. I see a lot of fear. we don't fall on fear. we fall on greed and too much confidence. Getting some entry around here and in one months. Try not to pick stocks, use ETFs to diversify, but first read the holdings structure and commisions. If you like to pick stocks, watch the ones who are: 1. looking strong on drawdowns 2. gaining more on market growth. 3. have great guidance and nice forward P/E vs current. 4. don't play earnings. just hold, otherwise you'll end up messing up 5. try to diversify, but do it truly. don't buy all tech, or all semiconductors, or all biotech or all banks. if you buy QQQ, you buy a lot of Apple, FB etc. so, no need to add more of it. p.s. please see the previous related ideas, to see how it ends up
FX:SPX500Long
by KholleKhokk
bitcoin - SELL IN MAY AND GO AWAYHello there fellow traders, lovers & haters, whales and crypto-observers, Welcome to an update of Bitcoin. I will now gather up what happend from 2017 until MAY 2019. ------------------------------ Right before 2017 we observed the "bitcoin halvening", which lead us to the BULLRUN of 2017. On 17th of December 2017 we hit 20.000 US-DOLLAR for one single bitcoin, after what the very recent BEARMARKET enveloped and in which we are STILL IN. We hit 6000-USD 6 times and this was "unofficially" the "BOTTOM". As you all know, the most promised Bottom in history of BTC broke and found BTC at 3000USD. Since then and after short side movement, we anaylse about 10 Weeks of BULLISH signals which lead toa price of 1 BTC at 6000ish again. TA: Stochastic RSI and RSI are both Oversold, GOLDEN CROSS happened on the 1 Day chart, which always follows up with a retracement in the short term! ----------------------------------- NOW LISTEN CAREFULLY: WHENEVER THERE ARE HUGE BUYORDER (3000 TO 6000= 50%) IN A VERY SHORT PERIOD OF TIME (FEBRUARY UNTIL NOW, MAY) WHEN NO FUNDAMENTALS HAVE CHANGED SIGNIFICANTLY, THERE IS A BIG CHANCE TO FALL INTO A RETRACE OR MAKE LOWER LOWS. WHY IS THAT: WHEN PRICE RISES FAST (what actually happened), NEWS ARE BULLISH (what is happening right now from twitter to tradingview, I heard people claling 100K again), AND WHEN VOLUME IS UP, PRICE CAN FALL FASTER THAN ANYTHING. volume is good and an important factor for price increasement, though with big volume it could go to OPPOSITE DIRECTION as well as to the upside. As I did, I sold a huge bag of my portifolio and will sell the rest on the way to 7K. <<<<<<<<<<<>>>>>>>>>>>>> I remember a few weeks ago people were calling 1K and 2K, heard of different theories and so on... EVEN if we entered a new Bullmarket due to Halvening in 1 year form now (MAY 2020), there is a big risk going all in now. I personally wait for retracement, because the recent RUN, could still be part of the freater BEar market! Thank you for reading & have a nice day, Roman -------------------- Focus on the journey, not the destination. Joy is found not in finishing an activity but in doing it. Hope you enjoyed it as I did reflecting on this one…you can support me if the content pleased you :-) Feedback would be awesome
BITSTAMP:BTCUSD
by GER-Quality-Trades
8
Bitcoin has started it's descent!The white line marked with a white arrow is the center line in a schiff pitchfork connecting the 2014 and 2019 bear market. This line played a role as support before our drop from 6k to 3k, and it is currently playing a role as very strong resistance. We have hit this line twice now and price has failed to break through. Within that same pitchfork just one line below you can see how it is also playing a role as support and resistance. As you can see the purple fib circle is currently acting as support, notice how the candle wicked down to it then bounced. I think this purple fib circle will basically be our only support on the way down. I am expecting us to make contact with the green fib circle soon and when that happens either we will bounce and stay above which will be bullish... Or we will fall through setting new lows in the 2k range. Since that white line has played such an important role in price action and because it has yet to be broken after being tested twice now, I believe we are topped out and this first drop is just the start of a bigger drop to come.
BITSTAMP:BTCUSDShort
by snookerer
56
#GBPUSD, impressive bear in Week 19, what about Week 20?GBPUSD moved a different direction as what was expected from our analysis last week. It made a gap at the start of the week and went down all the way without looking back. It stopped the price movement in bearish consolidation zone 2 and ended the week with a hint of a continuation of the trend. As the pair is currently residing in the consolidation zone 2, the analysis would expect the pair to go further, reaching a level 3 before a reversal pattern show itself. I am currently holding open short positions as well and I am planning to exit when it hit level 3 and wait for a reversal pattern to complete itself before going long. The whole process of hitting bearish consolidation zone 3 and the completion of the reversal pattern can take the whole week of Week 20, we just got to be patient and wait for it. Thus, the short term outlook remained bearish and would only turn bullish after the reversal pattern at consolidation zone 3 shows itself. I hope all traders continue to make good profit in Week 20! Please like and follow me if my analysis helped you in any way! Thanks for the support! =)
Short
by xunnobi
#USDJPY, Strong bear in Week 19, can they continue in Week 20?USDJPY moved way beyond the expectation of the analysis. It opened with a big bearish gap and continued its downward move till Friday. Spectacular week for short traders, congrats to all short traders who made an awesome profit! In Week 19, USDJPY only showed the Bullish strength a few hours before the close of the market. USDJPY threw a reversal pattern at its bearish level 5 consolidation, and it is easy to miss the entry since it is near the end of the week. The analysis is pointing a bullish trend in Week 20 as we are now in the middle of the reversal pattern. A double bottom was identified as the reversal pattern and it seems to be able to move the pair upwards in Week 20. Personally, I will be adding long positions in Week 20, and the price pattern and analysis gave me great confidence that it will reverse itself to a bullish trend in Week 20. I am also currently holding two open long positions in USDJPY. I hope all traders continue to make good profit in Week 20! Please like and follow me if my analysis helped you in any way! Thanks for the support! =)
Long
by xunnobi
#USDCHF, downward break in Week 19, still bearish in Week 20?USDCHF spent much time in the range of level 1 and finally, it broke down to a new low towards the end of the week, moving into the level 2 consolidation zone. USDCHF moved much to what was expected of it, consolidation then followed by the trend move. I hope traders have taken advantage of the range and made good profits for yourselves! The analysis for Week 19 still points toward a continuation of the bearish trend in upcoming Week 20. The price broke into a new low and I am looking at USDCHF forming a new low in Week 20. With the analysis in place, I am comfortable going short in USDCHF for Week 20. However, a consolidation might also follows after a strong bearish move in Week 20. I hope all traders continue to make good profit in Week 20! Please like and follow me if my analysis helped you in any way! Thanks for the support! =)
Short
by xunnobi
#GBPUSD, great gains in Week 17, can it continue in Week 18?GBPUSD shifted massively away from where we ended in Week 17. Any traders going long at any point of time would have made a good profit. With such a strong bullish move except for a short pullback at level 2, can the trend continue on through Week 18? Well, the analysis suggested that we will be looking at a downward rally soon before the price continues back its bullish track. Week 17 ended with a strong bullish move after the NFP and it stayed at its weekly high at close. That is a pretty strong statement of bullish power. However, it has broken it's level 2 bullish zone, thus we are expecting some form of consolidations which might lead to a reversal if a reversal pattern occurs, if not it can continue an extended bullish move. The analysis is suggesting a possible short opportunity in Week 18, which I agree. I am also looking at a longer-term bullish move might resume after the short term bearish move. I hope all traders continue to make good profit in Week 18. If my analysis helped you in any way, please like and follow me, thanks for your support!
by xunnobi