Get started

Bearishpa

BTCUSD contraction of volatilityFellow traders, Contraction of volatility, BBands squeeze on 2day chart indicates that a large move is inevitable. Confirmation 6day chart on the right side of the screen shows bearish momentum. It looks like soon we’ll see BTC at 40k, or lower. The upcoming golden cross may be a fake out. All this will be invalidated if price action manages to stay where it is now, thus hanging on the 50SMA. On short term time frames 8H, 6H, 4H BTC is in a down trend. 12H TF looks like it wants to jump down to its 200SMA around 40k. It looks to me like the best course of action is to keep our powder dry and wait for a clear signal that will indicate direction of the coming move. One thing’s for sure though, something’s brewing up :)) Please, share your thoughts on this analysis.
BITSTAMP:BTCUSD
by riff2017
XTZ/USDT | Trend Analysis | Key Levels | Oversold Bounce Todays Analysis – XTZ/USDT – finding support at a structural level with an oversold bounce. Points to consider: - Strong Downtrend - Bearish PA - Oscillators below 50 XTZ has found support after an impulse sell within this steep downtrend, further continuation into daily resistance is probable. However, price action is looking weak and bearish. Even with a relief rally, price will need to reclaim daily s/r and consolidate above the 21 EMA at the least to signify trend reversal. Failing to hold this support, price is likely to have further continuation into the $1.4 support level – a good place for long-term accumulation IMO. Oscillators are below 50, this indicates weakness in the market as we continue to tread into oversold conditions. Overall, in my opinion, further price development will indicate the direction of the next impulse. If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
by Kudiiee
3
ALGOUSDT Trend Analysis| Daily S/R| Pivot| Bearish PAEvening Traders, Today’s analysis – ALGOUSDT –price action is at a key pivot, currently holding the Daily S/R Points to consider, - Trend impulse sell - Daily S/R Support - 21 MA Resistance - Oscillators below 50 - Bearish PA ALGOUSDT has had an impulse sell into key Daily S/R which has multiple technical confluences, proving it to be a true trade location. The 21 MA has flipped resistance, reclaim of this level will keep a bullish market structure, a rejection will establish a bearish retest. Both oscillators are below 50, this indicates weakness in the market as oversold conditions approach. The current price action reflects the psychology of an head and shoulders, confirmation will be on a break of its neck line. Overall, in my opinion, ALGOUSDT is at a trend pivot, further price development will be indicative of the direction of the next impulse. Hope this analysis helps! Thank you for following my work! And remember, The market can stay irrational longer than you can stay solvent. - John Maynard Keynes
by AzizKhanZamani
4
CADJPY Daily S/R| 200DMA| Bearish PA| Local S/REvening Traders, Today’s analysis – CADJPY – confirming a bearish divergence and breaking Daily S/R, lower targets probable, Points to consider, - Swing high failure - Daily S/R (resistance) - Local S/R (support) - Oscillators divergence - Bearish Price Action CADJPY’s recent high was not exceeded, establishing a valid failure swing. This allows us to have a bearish bias on the market. The Daily S/R is the immediate resistance; price respecting this level will confirm a bearish retest. The 200 DMA is currently supressing price; a break will likely be impulsive into Daily S/R and 21 DMA which is in confluence. Local support is the next HTF trade location, testing and holding this area will be critical for the overall trend. Both oscillators are below 50, this is indicative of weakness in the market thus any rallies are likely to be sold into. Overall, in my opinion, the current price action is bearish, this allows for a valid short with defined risk. Price action is to be used upon management/ discretion of trade. Hope this analysis helps! Thank you for following my work! And remember, “Once you find the system that works for your style/personality and confidence is gained, wash, rinse, repeat over and over again.” – Sunrisetrader
Short
by AzizKhanZamani
4
EURGBP Bearish Retest|Weekly S/R|Low Volume|Oscillators ExtendedEvening Traders, Today’s analysis – EURGBP respecting its .618 Fibonacci leading into an impulse move, price action is currently testing weekly S/R where a rejection is probable. Points to consider, - Macro trend range deviation - Bearish Retest (Weekly S/R) - Local S/R (immediate support) - Oscillators extended - Volume below average EURGBP has had a previous impulse that leads to a range deviation thus any back tests are considered a bearish retest. This allows us to have a bearish bias on the market. The Local S/R is the immediate support, holding this level will confirm an S/R Flip retest. Both oscillators are trading in overextended regions, this is indicative of the market getting overbought and that a reversion to the mean is probable. The volume profile is currently below average, it’s important to note that price rising on declining volume in usually bearish. Overall, in my opinion, EURGBP is a valid short with risk defined below weekly S/R. Price action is to be used upon management/ discretion of trade. Thank you for following my work! And remember, “Hope is bogus emotion that only costs you money.” – Jim Cramer
Short
by AzizKhanZamani
EURUSD Range High| Bearish Retest| .618 Fibonacci| 200WMA Evening Traders, Second analysis for today – EURUSD – how Price Action is approaching range high is considered bearish with a rejection being probable. Points to consider, - Range high resistance - Bearish Price Action - .618 Fibonacci confluence ( Range low) - 200 WMA support - Oscillators overextending EURUSD is approaching its range high, a technical resistance level where a price reaction is highly probable. Price is approaching in a bearish manner with multiple weekly indecision closes. This is indicative of a volatile move. The .618 Fibonacci is a likely target, this area is in confluence with range low. Furthermore the 200 WMA is sloping up slightly, a back test will be healthy for the trend. Both oscillators are approaching over extended regions, this is indicative of a reversion to their means as price retraces. Overall, in my opinion, EURUSD is a valid short with defined risk above swing high. Price Action is to be used upon management/ discretion of trade. Hope this analysis helps! Thank you for following my work! And remember, Don’t worry about what the markets are going to do, worry about what you are going to do in response to the markets. - Michael Carr
Short
by AzizKhanZamani
4
SPY| Bearish PA| Weekly S/R| Bearish Divergence|.618 Fibonacci Evening Traders, Today’s analysis – SPY – possible blow of top with further downside probable, following technical points to consider. - Bearish PA (swing high) - Valid bearish divergence - Weekly S/R support - .618 Confluence (200 DMA&DEMA) - Increasing volume SPY’s immediate price action at swing high is bearish; a large wick on a weekly candle usually marks a temporary top, this allows us to have a bearish bias on the market. Weekly S/R is the next logical support; price action is likely to have a reaction. Breaking this level will be very bearish. Price will then have a higher probability of testing the .618 Fibonacci in confluence with the 200 DMA&DEMA. Spy currently has a bearish divergence on the weekly; this is an indication of weakness in the market, thus further downside likely. There is also increasing volume after absorption, indicating sellers are stepping in pushing current volume node above average. Overall, in my opinion, the SPY is likely to correct further with weekly S/R immediate target. Any short positions are to be risk defined. Price action is to be used upon management/ discretion of trade. Hope this analysis helps! Thank you for following my work! And remember, “Win, loss whatever emerges in the short-term, place and manage your next trades untouched, unattached... always keeping your eyes on the long-term picture.” ― Yvan Byeajee
AMEX:SPYShort
by AzizKhanZamani
1
NZDUSD Daily S/R| Technical Divergence| 200 DMA| Bearish PA Evening Traders, Secondary analysis – NZDUSD – respecting daily S/R with a range deviation, price is likely to test lower levels. Points to consider, - Bearish price action - Daily S/R resistance - 200 DMA support - RSI bearish divergence NZDUSD is likely to respect range high due to its recent bearish price action. Breaking impulsively back into range indicates weakness in the market. The Daily S/R is considered a bearish retest level, rallies or to be shorted until proven otherwise. The 200 DMA is in confluence with the lower daily S/R, price is likely to come for a test of this level, (range low). RSI has a valid bearish divergence, this shows further weakness in the market as price continues to rise in a bearish manner. Hope this analysis helps! Thank you for following my work! And remember, “You’re going to learn a million things, then you need to forget them all and focus on one.” – SunriseTrader
Short
by AzizKhanZamani
2
GBPUSD Double Top| Range High| 200 MA&EMA| Bearish PA Evening Traders, Second analysis – GBPUSD- short trade with risk defined above range high, technical points to consider, - Double top resistance - Range mid confluence (200MA) - Range low extended target - Bearish price action GBPUSD’s initial rejection is very bearish, establishing a double top at range high. Price action is likely to test range mid, the area is of technical confluence with the 200 MA and EMA. Breaking range mid will make the immediate target, range low; historically price has respected this level. Overall, the current price action is bearish with lower projections. Rallies are to be sold into. Hope this analysis helps! Thank you for following my work! And remember, “Trading mastery is a state of complete acceptance of probability, not a state of fight it.” ― Yvan Byeajee
Short
by AzizKhanZamani