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GOLD - Bearish Price Action From The TopSome bearish patterns around 2010 high at $1430, will be an indication that we may have a short-term scalp opportunity! "The market generates behavior patterns and the patterns repeat themselves, but not every time." – Mark Douglas Do your own research and if this matching with mine then you are ready to go! Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You! Best regards, Vaido
FOREXCOM:XAUUSDShort
by VaidoVeek
1
Another bull market trap? Bear market swing?Are we going to see a repeat of this years false gains? Remember than back a few months ago when Bitcoin started gaining in price, there was the thought that the bear market was over and the bull run started. Eagerly, lots of novice investors started dumping money to catch the "wave" only to get slaughtered with a straight drop. These are called Bear Market Swings. Is this another one? Absolutely. Is there any concrete evidence to point that Bitcoin has any reason (aside from hype) that it should continue upward? No. Here is a list of facts about crypto and bitcoin, people seemly forget: - It's expensive to send, and its slow. - It can lose 100% of its value in 1-minute, there are no safe guards or "circuit breakers". - It is not anonymous since all exchanges require extensive identification checks. - Its not finite, it can fork 1,000,000 times. Bitcoin is worthless, it has no intrinsic value. - It requires HUGE amounts of electricity to mine and transfer. But here is the absolute truth about crypto/bitcoin: The the only reason people even buy that worthless "asset", is because "investors" aka day-traders want more FIAT, amazing isn't it? You see, the hold argument falls flat on its face about "fiat is bad" when gaining more fiat is the entire goal of crypto trading. The problem is fiat right? Yet that's the VERY thing you want more of with Bitcoin. No one is rich in bitcoin, because there is no value to bitcoin. Bitcoin is a money grab, its worthless, with ZERO stability. By the time someone gets paid in BTC, it may have lost 20%. Idiotic "asset" to invest in. Also to clear it up, Bitcoin is NOT an asset, an asset is defined as "a useful or valuable thing, person, or quality" of which Bitcoin or crypto is neither of.
COINBASE:BTCUSDShort
by WorldEconomics
2
Gold is valuable asset in times of uncertaintyIts the time of the month when gold has started its recent rallies 2015-2018. Sell off after recent highs in my opinion is just a corrective move before gold is moving to even higher this year. Donald Trump said “We have a gentleman that loves quantitative tightening in the Fed. We have a gentleman that likes a very strong dollar in the Fed. So with all of those things — we want a strong dollar but let’s be reasonable — with all of that we’re doing great. Can you imagine if we left interest rates where they were? If we didn’t do quantitative tightening? I want a dollar that’s great for our country but not a dollar that’s prohibitive for us to be doing business with other countries.” Referring that dollar is too valuable at its current price. ----------- Technicals-------------- There is Cup formed and this is the handle of it. Price js right now at 61.8 % Fibonacci level. 4th wave is in play which is known as corrective wave. Price is at trendline where recent rallies has started. I will take trade in these levels to get small risk. However if price breaks the trendline and fib trade is invalid. Cheers trade safely!
FX_IDC:XAUUSDLong
by Keylevelfx
S&P 500 (SPX) Going Down (Time To Profit)S&P 500 is going down, according to what I am seeing from the chart above. Let's take a look. SPX top is sitting at 2940.91. After touching this level, it has now gone down and tested EMA10 (light blue line) as support. Looking at the history of this chart, it is easy to see that EMA10 always works as support for SPX. But each time EMA10 is broken, support is next found right at the EMA50 line. I marked this with red arrows and lines on the chart. I also marked some dates for you. Here is a longer term chart with additional examples: Expect SPX to break down if EMA10 (2875 is broken). We need to break and close below this level on the weekly candle to active this trade. Our target will be EMA50 (magenta line) sitting at 2729.56. Stop loss. Close above 2940. To further support my bias, I spotted the following signals: Bearish divergence on the MACD. Building up since January 2018 (marked purple line). Bearish divergence on the RSI. Decreasing volume. This is no financial advice. All information here shared for learning and entertainment purposes only. Thanks a lot for reading. Your support is highly appreciated. Namaste.
SP:SPXShort
by AlanSantana
17
BITCOIN - Something, That Has Not Happened For 4 Years!?Hello! The TRAIN is unstoppable! In this down-train, we had 7 bearish days in the row a small pause (doji) and three after that! Last time when we got 7 or more red days in the row was 07.2014, so, more than 4 years ago, a pretty significant yes!? To me, to make a new TA. was very hard and I thought this is even impossible because we need to settle down to make a new and profitable trades! But still, for You, I pointed out some supports and some trendlines what do You need to watch! There is a red box which means both: * A bearish confirmation if we get 1day candle close in this area. This means that we have a break/close below the blue trendline and we have a break/close below the round number and strong support from past, $6000 + there we could see some massive panic selling! If we get a close in this area then my old topic would be again back in the business! My thoughts about the "Clean area" from 12.10.2017 around $5k: The 'Clean area' means that when the price rallied up and never looked back, the market doesn't accept those areas those areas are like gap's which get filled about 80-90% of the time! * Bullish?! ONLY then it confirms SOME bullishness when we touch this area and we see a nice candlestick pattern formation and we get a close above the blue trendline. 1day pattern "Hammer", 2day pattern "Engulfing" or 3day pattern "Morning Star" (if You want to know how those patterns look, go and visit my topic "Important Candlestick Patterns") We might see some pullback, soon we almost have to see some pullback because the market never drops like a stone and the market never rise like a rocket - zigzagzigzag but this ziiiggg is too long :D My recommendation is, do not trade at the moment because there is just so much pressure, there is a selling pressure and there is also pullback pressure but this pullback would be so quick it may come from nowhere and it will ruin Your trades! In the update section, as usual, I would like to start collecting confirmations from the shorter timeframes and hopefully, You learn something new from there to become a better trader in the future, so, stay on my channel and take the information with You! PLEASE, don't forget to SHARE this, hit the LIKE and the FOLLOW button if you feel this topic deserves it! That's the best way to support me and help to push this analysis to other users. Best regards!
BITFINEX:BTCUSD
by VaidoVeek
44
EURUSD Short opportunity!Hello! I would like to practise also in the Forex setups! Just trying to make some technical analysis and let's see how those plays out! Definitely, this trade is just a rush into the Forex markets and no fundamentals and no news behind that Short criteria: * We have a breakout from continuation pattern "Rising Wedge" * And like the textbook says - sell the breakouts after the retest - so, we have a retest at the moment * On the retest are we could see a round number 1.16000 which works as a resistance * There is also small Fibonacci retracement 62% & 70.5 level, which works as a resistance * Trend is Your friend Hopefully, this helps You out a little bit to confirm Your own analysis! Definitely make Your own research and if You don't understand some of my points or I miss calculate something then please leave a comment! To get updates - click the FOLLOW button and don't forget to LIKE, unless You don't appreciate it! ;) Thank You very much!
Short
by VaidoVeek
5
Iconomi - a LONG story that nobody cares to understandDespite the fact that that ICN got no pump during this recent bull run on basically all the alt coins out there, the fundamentals have not changed, i'm still holding and i'm gonna do it until 10$ but that's not what most people want because it is at least 2 year away. Is funny how people are waiting for etf's here and there when they got a fund out of SEC approval right in their faces, ICN is not just a coin that sits in the portfolio and does noting, you can see it as shares in the company since your're going to receive weekly dividends ( to get them you have to hold min 42ICN in your ether wallet) ; this project is a bit more complicated at first glance because we talk about ICN, ICNx and ICNp which are 3 different things. And later on the OFM platform ( open fund management ) ------- The ICONOMI.INDEX FUND ( ICNx ) will reflect the development of the credible cryptocurrency market. It will be transparently managed and traded on major exchanges. ICONOMI.INDEX fund will include several thoroughly researched cryptocurrencies, including Bitcoin, Ethereum, Lisk, Steem and other major value tokens. The ICONOMI.PERFORMANCE FUND ( ICNp) will aim at high performance - multiplication of investment. It will be actively managed by a team of ICONOMI experts. The team will scout for propitious early investment I.C.O opportunities (crowdfunded startup projects and companies). Through the company-focused fund, everyone can become a venture capitalist, without any of the hassle and capital requirements. The ICONOMI Open Fund Management (OFM platform ) is a simple management tool where traders with knowledge and experience create their own investment funds. Investors, on the other hand, are able to invest even the smallest amounts, offering a clear overview of available investment fund managers and their current & past performance. The ICONOMI Open Fund Management (OFM) platform will disrupt the asset management industry. ------ This project is due to news in 2-3 weeks, ICNx is about the launch the beta phase, if people would do their research ICN would be at 1.4$ by now but at some point they will, it's inevitable, meanwhile is a screaming BUY.
ILong
by outboxvision
5