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BITSHARES : DOWNTREND BROKEN / INDICATORS POINTING UPThe following indicators are on the weekly base and therefore we can expect the price of BTS/BTC to go up continuesly for the next WEEKS -StochRSI just crossed. -MACD still under 0, plenty room to grow. -RSI under 50, plenty of room to grow up to 70. The marketcap is just 355 mln USD, it is traded on Binance and Poloniex. Binance is the biggest exchange, Poloniex allows Margin Trading. Most important: THE DOWNTREND WAS JUST BROKEN! Additional to that we are in a phase were people are still afraid of losing money to exchanges, the exchanges being closed/hacked or that regulations will set in. Decentralized exchanges make sure this all does not happen. BITSHARES is the most advanced decentralized exchange and will benifit from this. People will realize that very soon. More buying arguments: medium.com Everything points upwards, I expect a huuge pump the next weeks, up to 2 bln USD marketcap! It is very cheap now at 2.000 Satoshi, it was at 15.000 Satoshi already and it hat the possibility to reach that again, even climbing higher. Exciting time guys!
Long
by TopGainCapital
4
WTI Uptrend Decisively Broken - Look to Sell the RallyWest Texas Intermediate WTI USOIL WTI fell exactly 50c short of the upside maximum target before topping out and falling below the the lower parallel, thereby flipping WTI from still positive to negative - on a dime. Since then it's fallen away seeking support from nearest structure to left - and found it at 58.14 - the top of the structure to left. It's been hit by a double whammy of rising DXY and falling major markets. Although it's hit support and can rally as high as 61.51 from here this decline is not done yet. Those big reds on exit of the parallel show powerful rejection now. Last week's price action has switched the game from buying dips to selling rallies once more. And if major markets begin to unravel and fall further from their lows of last week WTI and Brent will follow suit in sympathy. A fall below 58.10 on WTI should trigger further selling back to 55.90 at least and once this fails to 54.95, spiking as low as 53.84. The 50% retracement of the bull run lies at 54.32. Look to sell the early rally if we see one - and if not sell on break below 58 with stops above 59.10.
TVC:USOILShort
by sumastardon
GBPUSD GBP Long Term Downtrend Now BrokenGBPUSD Sterling/Dollar Long Term Trend Change GBP effectively double bottomed nearly a year ago now. Since then it's been travelling in channel whose penultimate rally recoiled very precisely from the long term dynamic which has clipped all previous rallies back as they rose to touch this powerful last line of bear defence. Below that line they have maintained control of the medium to longer term. That line has now been broken. In classic fashion, GBP has now returned to test the same line from above, currently giving it one last lingering caress before flying higher. It is a buy at current levels down to 1.3312 with stops below 1.3300 for small loss if wrong from here. Upside target is 1.3832 minimum and 1.4043 maximum . So about 500 pips upside and 33 down. The market is in for a surprise coming here, so long as the old long term resistance line can hold up as support over the next few hours. And even if it breaks overnight it looks only likely to spike to a fleeting low at 1.3228 at very lowest as a result and will then likely rally again. Look to buy GBP on any minor weakness with stops as above. If struck look to buy again from 1.3260 with stop 40 pips lower still. For this call to stay good the old long term dynamic must hold now...if it cannot be broken by bears today it's showing us how strong it is before the rally outlined above begins. And even if it breaks lower, so long as it creates a spike of buying interest which takes it back above the the long term dynamic quite quickly, then once again it is showing underlying strength, not weakness. Buy dips until minimum target is reached 500 pips higher.
Long
by sumastardon
NZDUSD strong resistance line broken NZDUSD has created a good short trade setup on the daily chart, according to my trading strategy. A strong bearish engulfing pattern, at the bollinger middle band, also breaking through a strong resistance line and two resistance levels. The bearish candlesticks are also stronger than the previous bullish candlesticks. However since this is a trade formed around the bollinger middle band, I will only take a 1 % risk with this trade. Stop loss: 0.72698 (70 pips) TP: Around the next resistance line As you can see on the monthly chart, a bearish engulfing pattern with a long bearish candlestick has formed, after af small bullish retracement. This makes this trade even stronger, and I will take a short trade based on the monthly timeframe, tomorrow.
Short
by BonnelykkeInvest
USDCAD Sell IdeaOn the W! chart, duplication of first bearish leg is expected. Price moving lower now after respecting the weekly channel.. On the D1 chart, price broke the uptrend line and duplication of first leg is expected. On the H4 chart, we will be looking for the broken trend line to be retested and corrections towards the zone 1.3390 – 1.3440 which will provide us sell opportunities. Protection above 1.3550. Target 1 – Risk-Reward of 1:2. NOTE – move the stop loss to break even, once the trade has risk:reward of 1:1. Target 2 – 1.2890. Target 3 – 1.2570.
Short
by VladimirRibakov
AUDUSD Look For a Long PositionThe setup I posted earlier this week failed, as AU did not go down to form the second shoulder of the inverted Head n Shoulders Formation. I refitted my S/R area to 0.7500 - it is a psychological area So last week, price broke 0.7500, retested it on Wednesday, and then formed a strong bullish candle 50 pips upwards of that zone. Friday's candle ended as a spinning top/almost doji due to Trump's inauguration and uncertainty. From here I expect AU to reach the area around 0.7700 at least, likely towards the end of next week. Notice the confluence between the resistance trendline and the horizontal resistance, it's a strong area of rejection.
Long
by MtxTrader
1