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Bullsandbears

Is Ripple sleeping or waking up? A lot of problems in crypto market happened in the past days.In our opinion XRP paid the biggest fee of the fast bearish correction due to fake coinbase news, which increased price of the XRP rapidly. But then crypto market fell by $100B in 4days! Today, bulls pushing up the price a bit. Theres a big chance this trend will be continuing as it was after the correction on Tuesday 2018-02-06. If our analysis helped you and you like keeping the analysis simple and you are rebel, who still didn't give us like, then give us a follow. For every follow, we will buy 2 litres of water for kids with flat feet in South Sudan. Just kidding. ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
BITFINEX:XRPUSD
by RRcrypto
5
ZCL - Still Running With the Bulls? #bullsVSbearsZCL has had an amazing run recently, credit to the hardfork coming.The incredibly interesting question (because the fork is coming soon) is... have the bulls run out of steam? It is very hard in this situation to ignore the fundamentals of this coin given the situation, but let's try and leave that out for a minute and see what the chart is telling us. Disclaimer: This is speculation and hypothetical and should not be used as trade advice. Factor in that I joined TradingView a couple days ago and only have one follower. Anyways, this ones for you @eoscrypto, my one and only (literally). Breakdown: 1.) ZCL is currently trading in a small downwards channel (i.e. correction), but that down trend lays within the much larger uptrend. General rule of thumb is that the larger trends/patterns take precedent to to the smaller trends and patterns that take place within them. 2.) Resistance - ZCL is now trading below the 20 and 50 day ema's which could act as resistance levels. Another strong point of resistance is the top of the downtrend channel it is currently trading in. There are corresponding fib levels which act as support and resistance levels here (as well as targets) but I removed these from the chart because it was cluttered. 3.) Support - - ZCL is trading above the 200 day EMA and the bottom of the strong upwards trend line. They also are converging as we speak which strengthens the support. Within the last few hours, ZCL moved down to touch the bottom trend line and the 200 day EMA at almost the exact same time, and instantly changed directions. 4.) Elliot Wave Count - Elliot Waves are open for interpretation. My count could very well be wrong, but if you look at the numbers corresponding with the waves (green lines), you'll see that I have ZCL just completing a full wave cycle, and correction being complete. This would be bullish for a continuation of the uptrend and should help push ZCL through the top of the small down trend channel for further gains. Conclusion: We all know ZCL is going down soon because of the fork, but when will that happen and what's the move here? Well, since I don't give trade advice, let's take a look at a hypothetical. If I already made some profits off this run and were still holding on to some ZCL to see what happens (hypothetical of course), what would I do? Well, there's two trends at play here, and whichever breaks first will determine ZCL's near future and would determine my move. If there is a close above the top of the small down trend channel, we're going up further. I don't know how far so I would trail my stop loss and ride this up as far as I could. Likewise, if there is a close (4 hr bars) below the larger uptrend line, I'm out. Easiest way to do this would be to set a stop loss a little below the trend line, so if it breaks it, you avoid the risk of going down with the ship. If I was looking to buy more ZCL I would not do so until a continuation of the trend is confirmed, meaning a 4hr bar closes above the top of the small downtrend line. What should you do? Well, don't listen to me, do your own research. Please, like, comment and share so my follower can have a friend. Thanks for reading!
Z
by CoreyAvery
EUR/USD - The Middle of the Battle - BULLS or BEARS???I analyzed this chart with the intention of helping you see the bigger picture of where the overall currency pair is heading. The Euro looks like its in a uptrend but it also could be in turn for a downtrend. In my educated opinion, I think the currency pair holds strong bullish sentiment and is riding to some higher highs unless some economic events unravel (inflation, unemployment, etc... cough* cough*). A look at the pairs historical support and resistance levels helped me to better understand where this pair is heading. From the Red Line at about 1.035 to the current exchange rate at about 1.22 the difference is 0.185. Add 0.185 to 1.22 and you get 1.405 right about where that heavy resistance green line is located. So currently you are right in the sweet spot; the middle of it all. The price will either move up and stay in trend or retrace down back to support but like I said I think the Euro may be heading higher than the US Dollar. I also could be wrong but that's my sentiment. Also, I Incorporated yellow lines to keep you wary of these levels. These lines according to my calculations will be points of where many traders will be making trading decisions due to economic events, technicals analysis or whatever it may be but these points will experience a high level of volatility so be careful. Key Tip: Take some time to look at the bigger picture instead of what's sitting right in front of you. Good luck trader. P.S. If you liked my idea please share it and help the next person in need of trading advice, thank you!
Long
by austinlmkc
BMW Double Bottom - Buy SignalBMW has formed a double bottom as shown on the weekly chart along with a decreasing volume which suggests a lack of selling pressure. We are now waiting for a confirmation signal from the RSI to break through its trendline before opening a position on this stock. We expect price to test the upper trendline of the triangle before breaking through should the UK decide to remain in the EU as UK is a huge importer of BMW cars. It was also reported a few days ago that BMW plan to accelerate plans to innovate driverless cars by partnering with technology companies and acquiring start up companies. On the long side, we expect this pair to head towards the €100 level. Alternatively, if the fundamentals send price down, we expect it to target the €50 level.
FWB:BMWLong
by londontradingcommunity
1
[AUDUSD] Long with the overall trendWhat do i really like in this trade? First of all i am taking this trade with the overall direction of the trend (Bullish), i have a nice Risk/Reward potential as you can see, i can even go for more but i dont like being greedy. Also i have price action confirmation in different time frames, like the 4hr and 6hr. but i am taking this trade in a 8hr time frame, because i really like the higher time frames. According to price action what i see here is a bearish preceding trend (not my favorite) and then an indecision candle, followed by some confirmation that price might be changing from hands to the bulls, i was not able to take this trade at the high of the indecision candle, so i entered at a slightly pull back at a better price, which gave me a better risk/reward potential. As always i keep my minimum Risk/Reward 1:2 that way i only need to be right on 40% of my trades in order to be profitable. Trading Details: Time Frame: 8hr Entry: Slighlty above the high of the indecision candle. Stop loss: A few pips below the low of the Indecision Candle Risk/Reward: 1:2.5 Account Risk: 2%
Long
by daldertg