EURNZD Descending Channel possible scenariosSo far the pair has been moving in a bearish channel. So far the market has bounced to the upside and looking to hit the upper resistance of the channel. A strong rejection will indicate a continuation of the bearish channel. A breakout will signify a reversal and the start of a new trend.
Berish
KODK, Cup-and-Handle Inverse (bearish)I found this pattern at tickeron website with the following data:
STATUS = Confirmed
CURRENT CONFIDENCE = 75%
TARGET (EXIT) PRICE = 8.18 USD
BREAKOUT (ENTRY) PRICE = 8.79 USD
DISTANCE TO TARGET PRICE = 6.29%
EMERGED ON = Oct 01, 12:00 PM (EDT)
CONFIRMED ON = Oct 01, 11:59 AM (EDT)
WITH CONFIDENCE LEVEL = 89%
The Inverted Cup-and-Handle (sometimes called Inverted Cup-and-Holder) pattern forms when prices rise then decline to create an upside-down “U”like shape (1, 2, 3, also known as the Cup), followed by a shorter relatively straight price increase that bounces from the right lip (from 3 to 4, creating the Handle).
The rising handle forms as a result of mounting buying pressure created when the security retests a low at the right lip of the cup. Once the buyers give up, sellers take over and the security has the potential to decline rapidly.
Trade idea
If the price breaks out from the top pattern boundary, day traders and swing traders should trade with a DOWN trend. Consider selling the security short or buying a put option at the downward breakout level. To identify an exit, compute the target price by subtracting the pattern’s height (the difference between the highest price and the support levels) from the price at the right cup lip. The confirmation move is the breakout of the price below the right cup lip.
To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to buy back a short position or sell a put option at or above the breakout price.
#Analisa EURUSDTurun#Analisa EURUSDTurun
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Tradevelling
Trading jalan, kita jalan jalan
Disclaimer tanggung jawab di serahkan kepada masing masing individu
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EURAUD Price has pushed past our bearish zone!This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Good Luck!!!!!!!!!!!
BTC on test - Can we hit 5K or 3K or 9K?BERISH VIEW:
If Broke 6K 1 support zone BTC can easily drop to 5K.
AT 5K is not much support and we can drop fast to 3K
BULLISH VIEW:
At 6K is strong support that made for about 280 days and I don't believe that It will break it at this point.
Fisrt we will bounce up to 9K range and then It will see if bulls come into brek 9K.
ACCUMULATION BTCWE ARE STILL FOUND IN AN ACCUMULATION AREA, WAITING FOR A GREAT MOVEMENT OF THE BTC PRICE
INTERESTINGLY THE PRICE FORM A "PATTERN"
SIMILAR TO THE PRICE OF (JUNE 5, 2019)
I DO NOT CURRENTLY HAVE AN OPEN POSITION BUT WITHIN 2 WEEKS OR 1/5 I WOULD OPEN POSITIONS WAITING FOR IMPORTANT MOVEMENTS
AUN NOS ENCONTRAMOS EN UNA ZONA DE ACUMULACION, A LA ESPERA DE UN GRAN MOVIMIENTO DEL PRECIO DEL BTC
DE MANANERA INTERESANTE EL PRECIO FORMO UN "PATRON"
SIMILAR AL PRECIO DEL (5 JUNIO 2019)
ACTUALMENTE NO TENGO UNA POSICION ABIERTA PERO DENTRO DE 2 SEMANAS O 1/5 ABRIRIA POSICIONES ESPERANDO MOVIMIENTOS IMPORTANTES
AUDUSD - D - SellDear Traders,
please, be informed about our comment on the chart.
thanks,
Important
The analysis and ideas published here, not an investment recommendation or any call to buy or sell, is merely an analysis and a vision based on the study of the history of price movement and behavior which may not necessarily be the reason for the success of the analysis and the model and its repetition and thus the probability of success is quite equal to the probability of failure .
So, please make your decision based on your pure vision.
Publishing is for the purpose of exchanging, correcting and comparing ideas.
in case the market moves with the direction of the analysis and achieve the first objective, there are options for you:
First: close the deal and receive the profits.
Second: Close the half of the contracts and put the stop loss on entry.
Third, the stop loss is moved to the point of entry and waiting for the remaining targets to be achieved.
To protect capital and succeed in managing transactions and thus successful trading should not exceed the maximum potential loss in each transaction for the same currency or commodity and in the same direction (2%) of the value of the portfolio.
Good luck and good profit.
NZD/USD 15min Bear Bat @ 0.69000Following long bearish three point correction, pair has put in double top,and broke below the support of double top and is now potentially reversing. After breaking below the support pair is currently forming a potential bullish bat on 15 min TF, completing at the previous structure support(now resistance).
BCHSV/USDT + TargetsBINANCE:BCHSVUSDT
TRADING PLAN
-METHODOLOGY/PSYCHOLOGY-
Chart Time frame: H1
Time frame: H4
Actions on -
A – Price rejection @ 54.00 or 48.00.
B – Beliefs: Market will be correcting itself toward 54.00 to 48.00 . This is due to a corrective wave after a complete 5 Elliott Waves(Related Idea), after that has formed a descending channel that would bounce until wave (E). I would be paying attention how it behaves around this levels.
C - Market Sentiment: Bearish.
D - Speculation: Very High on BCHSV, if you have been following BCH fork you know all the drama behind, I like that! Very Emotional Coin.
BCHSV
-TRADE MANAGEMENT-
Trade Entry:
Entry N1: @ 54.00
Stop Loss N2: @ 52.00
Or
Entry N2: @48.00
Stop Loss N2: @46.90
Target
Target 1: @63.17
Target 2: @67.94
Target 3: @75.35 Moon Shoot!
Risk/Reward Ration: 31.2
BTC Multi Year Bear market visualization This is a clear visual idea of a next bitcoin bear market. My current philosophy is so many people know about bitcoin it will take years for many to become uninterested and dump their bags. Bullish action expected because bitcoin is still developing from a recent bullish uptrend. Now this bearish action we seen is just blinding. Many Crypto investors seen action happen so quick they have short attention spans when bearish moves happen, "expecting lambos."
Do not be surprised after years pass that bitcoin reaches a bottom of around $2,000.
Every uptrend can be rejected and brought down. Just cause we go up will not call a bull market. Truth is a bear market starts when the candles are below the 50 & 200 MA and bouncing with rejections, "Bearish action."
A bull market starts when breaking without rejection from moving averages 200 MA specifically. When bouncing of f 200 MA I consider that true bull market confirmations
Currently we have been rejecting the 200 MA often and sent back down with bearish momentum in the works with this down trend.
"Even if we break above and bounce if we break below again it will strengthen the bearish movement."
Lets say 2024 Bitcoin is at $3,000 low volume sideways and 200 MA been flat for some time and then bullish momentum starts.
Be ready for the lambos then.
DR. FOMO
2 possible future for BTC unitill December Hello friend
This month will be crucial for BTC, Hell or Sky unitill December.
My ideas are that:
Or it will enter in channel (violet line) it mean not very bad bcs the price will be more stable, this is signal bitcoin become mature and stable for the real business application.
Or we will have replay of last December...(Green Line)
Let me know what u think about my ideas.
Bye!