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DAX 4HR - Bullish Divergence push to 17000, then down to 14000 XETR:DAX DAX showing bullish divergence on 4hr between Aug 6th and Aug 15th with price making lower lower (LL) and macd making a high lower (HL). Price reversed after reaching weekly S3. Price to re-test 17000 as support (previous resistance) and is also the weekly price pivot and fib mid point (beween 62.5 and 50 fib). If price breaks 17000 next resistance is 18500 which is weekly R1, 50EMA and 38Fib. Short at 17000 with target at weekly S2 (14000).
XETR:DAXShort
by Maverick45
1
Bitcoin // Revised outlookHello, My last analysis for this week #31 was nulled after Bitcoin bounced from $9110. I called for a further dip too soon, and had to go back to my possible double bottom analysis. Price action is above all else, and changed my trades accordingly. After all, we must adapt to any situation. Looking at the 4hr chart we can see that the current tip of wave 5 has nearly reached the 1.618 fib level when measuring from wave 1 to wave 3. I took profit at wave 5 and I am currently plotting a new entry point. Because the market is strong and the previous correction wave c on July 28th stayed relatively close to wave a; I am expecting a short term correction near wave 3 support, bottom of the channel or near the 38% retracement. Below that, a dip near the 50% and 61% level is possible. The shorter timeframes - 1hr and 4hr are printing oversold. I am looking at a small correction from $10130 to $10185. Below that $9920. However, it is possible to continue pumping. As always, be ready for anything. - B
COINBASE:BTCUSD
by B_version256
GBPJPY - Long - 4hr trade - Buy StopHello all - DuncanForex here with a new trade idea previous 4 hour candle high was broken and then price has dropped back below I now have buy stops at 134.77 and if the high is broken again - I am looking to go long on GBP It is at the 61.8% retrace of the last move upwards This is based on short term sentiment of BoJo and also GBP positioning against Risk off sentiment. thanks for looking at my idea My website goes live tonight Duncan
Long
by UnknownUnicorn483829
1
btc goes against the herd pumps during initial deathcross.Btc has done a fantastic job faking out the herd after dipping back below the double top neckline then shooting all the way back up to test the 4hr 50ma which is currently maintaining resistance. If it can find a way to rise above both the 4hr 50ma and 200ma and flip them to solidified support then odds are likely this deathcross will end up being a fakeout. However, having jus deathcrossed could give both moving averages extra resistance momentum in which case we could still go down from here and reach he 8.5 target. We must also remember the breakout target of h falling wedge is around 11.1k so we could also still continue up to 11.1-11.2k before finally plunging back below the 4hr 50 and 200mas as well, I'd say at this point anything is possible and until we clear about 11.5k and flip it o support a trip back down to 8.5k07.2k-or even 6k if a double op is triggered is still possible. Best to pay close attention to how price action reacts to testing these mas and if it goes above that how it reacts to the 11.1-11.2k level.
COINBASE:BTCUSD
by DrDovetail
Possible AUD/CHF Short Position!! SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-4 Days Actions on - A – Activating Event Market will meet resistance in zone @ 0.6945 - .... and fall to the 0.686 . In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 0.686 FX:AUDCHF Trade Management Entered @ ..... Stop Loss @ ..... Target 1 @ 0.686 Target 2 @ .... Risk/Reward @ 3.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
1
Whales playing pingpong between bullish & bearish h&s necklineswe are now going on 4-5 consecutive neckline fakeouts here as bitcoin continues to walk the h&s neckline tightrope shaking the weakhanded longs and shorts alike. It could finally break and decide a direction this next move or it could continue to ping pong back and forth and grind sideways all month. Let's recall how during the bearmarket the priceaction went sideways in ping pong purgatory for quite sometime at 6k before finally continuing downward after the 3 day deathcross finally occurred. I anticipate that we will end up going sideways here much like we did there until this time we see our 3 day golden cross(not shown here) which is quickly approaching. this idea snapshot is of thee 4hr chart. If I can get a snapshot link of the 3day golden cross to show the image it will be posted below. Despite the recent correction's bearish price action it seems very likely the 3 day golden cross will still be happening in the near future. . .and much like the 3 day death cross broke price action out of the sideways ping pong at 6k during the bear market,,,the 3 day golden cross I anticipate will do the same here only allowing it to continue upward instead of downward. For now until I see price pick one definitive direction or the other...I hodl and make modest buys on dips that have a complete lack of volume confirmation.
BITSTAMP:BTCUSD
by DrDovetail
1
5 pattern pile up! This zone's a mess of gridlock & indecision. currently we have a 1 day chart falling wedge with an overlapping pair of inverted head and shoulders patterns(1hr &4hr chart) on top of it. Then on top of those head and shoulders patterns we have a 4hr chart rising wedge(in turquoise) and a 3hr symmetrical triangle(in blue). solid chance for bear or bull although bear has the upperhand slightly since a 4hr lower high was just et in stone. Best to only play this one once a break is confirmed and stay in what position I'm currently in until then. Neutral then shall this idea be even though there's a temporary bearish bias and a long term bull bias.
BITSTAMP:BTCUSD
by DrDovetail