Get started

Consolidation-breakout

SPY breakthrough?Is the consolidation trying to break finally? I dunno... On the 4 hour, it looks like it just tried to. The most recent 4 hour candle/volume is notated with blue arrows, and the same 4 hour period from 24 hours ago is notated with black arrows. I noticed a couple things: In comparison to the same period 24 hours ago, the volume was light this time. Not only that, but the candlestick 24 hours ago was MUCH bigger (without getting into ticks moved and percentages gained). So, is it trying to break? Or is this going to be another rejection? I'm leaning towards rejection based on volume and tick movement... But I have definitely been wrong before.
CME_MINI:ES1!Short
by Bankuur
/ES bearish outlook - 4 hour short termSame story as the SPY... Looks bearish to me for the short term. It looks like we might move lower from here and test the bottom of the consolidation, then bounce back up to retest the top (red arrow). Or, we might FINALLY breakthrough the bottom and retest the lows from a couple weeks ago (other red arrow). Either way, until something solid happens with the trade war, in a positive way, I have a bear bias for the S&P. If we can break through this consolidation to the down side, I will then look to add to my short position all the way to the low from August 5. Then, I will keep my eyes open and look for a break and close below that, because then the bottom will drop out. However, if we end up breaking consolidation to the upside, I will look to ride it all the way to the all-time highs. At that point, I would be cautious and looking for a double top. Again, if we break and close above the all-time high, I will probably go long until there's a reason not to, lol.
CME_MINI:ES1!Short
by Bankuur
Will the USDSEK Breakout?Last post: See link below. Review: Price was in a bullish trend . Update: Price soon moved into a circa 3-month consolidation . Conclusion: Looking for the current bullish momentum to take price out of consolidation and towards the major round number of 10.0000. We are currently long on this and will look to compound/add further long trades once 10.0000 is confirmed as support. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
Long
by Sublime_Trading
REVEALING BITCOIN HALVING-CYCLES - 120.000 USD AFTER NEXT ONE?! _______________________________________________________________________________________________________________________________________ Hello traders investors and community. There is an interesting observation which i made and want to share with you today. It is revealing the magic bitcoin halving-cycle in which we seen huge growing of price after the past halvings. _______________________________________________________________________________________________________________________________________ The last weeks we are facing a consolidation period, exactly what we have seen in the past before halving break-outs happened. Before the first halving and break-out BTCUSD consolidated between 2 and 15 USD, after the halving we have seen an enormous growth of 90.52 X before the first major top formed. The same happened after the second halving, in this case BTCUSD made28.74 X after a longer consolidation period in which price consolidated between 160 - 700 USD. _______________________________________________________________________________________________________________________________________ In my chart you can see the red boxes which show the consolidation periods before BTCUSD broke out and entered the growth phase (green-boxes), exactly after the halving! _______________________________________________________________________________________________________________________________________ I am expecting the consolidation period in which we are trading now to hold on until the halving or beyond, after this we will face the next big bitcoin-halving growth period of BTCUSD. _______________________________________________________________________________________________________________________________________ Consider this: We made 90.52 times price-growth after the first and 28.74 after the second halving. Now this gives an average of 59.63 X. Just when we underbeat this mark and make 10 times more after the next halving that would be 100.000 - 120.000 USD. Looking on the information i am expecting a similar growth-period for BTCUSD like the one seen after the first halving. _______________________________________________________________________________________________________________________________________ Okay hopefully everybody enjoyed! May all luck and happiness come to you! For more market insight feel free to support! The information provided is for educational purposes only and should not be used to take action in markets. _______________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSDLong
by VincePrince
26
Consolidation triangle for reversal marketSo after we made some very good shorts thanks to so many resistances its time to decide if the bears have won. Confirmation for reversal market: 1. If we go below 9950 (Symmetrical triangle) and continue the break to below 9850 2. If volume buying power OBV goes below the last low OBV means the buyers lost their volume 3. We already confirmed all the rejections on 4h cloud, sma200, ma200 - too strong, everytime rejected harder... 4. If we go below 9050 it means we broke the descending triangle as well, means we are going to crush towards the first support at 8200... 5. If we won't hold it for enough time then we will see correction towards the 5-7k.... ___________________________________________________________________________________________________________________________________________ * If you like what I do, please push "follow" and "like". * Also if you want live time signals and learn with the community then you are welcome to join here: t.me * If you want to appreciate my work with spare BTCs then you are welcome to send them to: bc1q8kzn0x8j4dmws00ntuhyma8p4c9jwyj0gzxua9 Cheers, love <3 Hedgehog King! ___________________________________________________________________________________________________________________________________________
BITMEX:BTCUSD.PShort
by Hedgehog_king
2
Will 2940 Break for the ES mimi?Hourly Momentum is suggesting that a break is ready to happen today. I will be looking for these indicators to turn south to prove me wrong; they are currently lined up well. Personally, the long was 2924, and at the time of the posting it is too late to enter. Here is some analysis on my twitter feed , and I am now updating it daily!!! twitter.com Find out more why I am biased long but cautious in the consolidation that has ensued; and see the 5d pivot is my line in the sand.
CME_MINI:ES1!Long
by HammondB3
1
This Birdie still has room to Fly....USD/CADIf you back Things out a bit to Daily Chart there is a Nice looking supply zone sitting a nudge ahead of were price has been lately. We currently are sitting in lower timeframe consolidation. Look out for one last push to this supply area before any sort of major change in Direction. Look for shorting opportunities in this zone w/ s/l buffer above top of zone and Profit Trgts can be scaled out to your liking. For my aggressive risk taking peeps look to buy at bottom of consolidation and take profit just before Daily supply Area. Happy Trading Everyone! -Xclusivedad Trading-
by xclusivedad
Time to Hlod on!tl;dr big movement coming. (Isn’t that every other day though?) I started this analysis thinking we would be going up further here, but now I am leaning the other way due to point #5 Bitcoin is on the cusp of deciding its next move, setting the course for the near future. The direction is anyone’s guess right now, so let’s look at a few pieces of information we have and try to get a clearer picture: 1. The volume’s drying up as everyone in crypto holds their breath in anticipation, unsure of the direction we’ll be carried. We know a large movement is coming to carry us either over 13837.96 or below 9778.49 2. Long/Short positions don’t have many answers to offer either. Longs are establishing support at a healthy low level that implies ample upside potential, while Shorts just received their worst beating in history on June 30th and are currently sitting at historic lows. This information is inconclusive regarding direction, but it does show how poised the market is to embrace either choice. 3. Bitcoin is currently circling the 50% retracement from it’s last bubble popping. We are almost exactly at the half way point between the 2018 low and the 2017 high. Bitcoin briefly broke above the next retracement level at 13275 but the momentum was far too intense to be sustainable. 4. Google Trends shows a steady decrease in attention since the recent peak in hype on June 30th. This indicates a following decline from the Bitcoin price. Countering this point though is the fact that the ‘peak’ on June 30th was less than 1/4th of the attention Bitcoin received during the 2017 run-up, as well as the classic chicken and egg debate. 5. This looks and feels very similar to the peak we experienced in the early summer of 2017, both on technical factors and google trends. There was a similar 3-month period peaking with an attempt at 3000 in mid-June. What followed was a fast 30% retracement, similar to the recent one, and a consolidation towards the end of the month before a steady drop down to the 1800s While most of these points only provide a clearer picture of the indecisiveness of the market, number 5 is my strongest indicator that we have further consolidation before continuing our bull run. My main reason for this besides the similarities themselves to 2017 is what I believe to be the reason for the similarities. Human psychology, when hijacking the trading of an asset, has a very distinct signature. It is a bubble signature, and it looks and feels and smells the same every time. It’s not a commentary on the underlying asset. It’s a manifestation of human emotion overriding the market. That emotion, especially in group dynamics, has a readily perceivable pattern that looks the same every time, and financial markets are the easiest place to discern and visualize it. This looks like the early phase of another Bitcoin run-up, and with that, another bubble. I believe we will see the 9000 level again in a few weeks. If this moment is not where that trajectory begins, then I think we have one more leg up before we retrace to that level regardless. Disclaimer: I am a staunch Bitcoin bull in the long-term, as I believe it to be the most trustworthy form of money in human history. I have experienced the euphoria and despair of the last three bubbles, and have come out of each with a greater trust for BTC each time. I enjoy betting small amounts on the short-term movements. All posts are for informational purposes only and should not be mistaken for investment advice.
BITSTAMP:BTCUSD
by avidbrandy
3
ETHBTC has broken a major resistance. Swing traders alert.Hello, ETHBTC has broken out of the yearly resistance and retested itc confirming the former resistance level as a new support zone. There is a possibility for ETHBTC to oscillate between the two major resistance zones before breaking out, giving traders an opportunity for swing trading. The first target would consist of the middle line between both lines. The larger scale targets, for swing trading, would consist of the height of the yearly triangle and its 50 percent and 25 percent lines. If the setup will be confirmed remains to be seen and does not entirely rely on ETHBTC but also on BTCUSD itself. A bullish trading setup would be in place at a break above the major resistance zone which would be a confirmation for a trend reversal on the yearly chart, which certainly would attract more buyers, provided the BTCUSD will act accordingly. In both cases I recommend a top-down and different time-frames method to enter the trade with care. If you would like to read more about this specific instrument please let me know in the comments below or leave me a thumbs up, bringing a big smile on my face. If you would like to know more about top-down and different time-frames method, please check out George Beaulieu on Youtube. I wish you all the best and a good start into July 2019. with patience Heish
by MeruEU
CADCHF Consolidation Zone Options On the CADCHF is testing the consolidation support of .7380 with the ADX over 20 and the Stoch leaving the SELL zone and Oil in the SELL zone on the daily and 2hr respectively there is more of a probability that the bearish run is xoming. However for myelf I would have to see the BEARS reject the .7380. The target level I would be looking at is the .7250 area to the .7150 area. If the BULLS are able to hold that support area it could push back up to resistance highs at around .7600 If you agree PUNCH the LIKE button and UPPERCUT to FOLLOW button. Here at Carter Kyle Capital we are the Fighters of Financial Freedom helping 1 trader at a time. What are YOU fighting for? Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
by CarterKyleCapital
XRPUSD 1Hr ObservationAs price has made a new low I will see if it holds the red line and rejects back up or continues and breaks. I see a rejection to make an inv head and shoulder consolidation to a possible double shoulder (left) double head and a cupped right shoulder into day 1 of G20 Summit. Overall, price spectrum is marked within the yellow dotted lines and our angular floor is marked with the red trend line. Should we break through this price, sellers can push for .42 cents which was our first wave correction after we broke out of the previously marked flag highlighted in yellow. If you like liked this idea, please give it a thumbs up. This makes post 100! So thank you to all followers. I hope this continues to bring you value!
BITFINEX:XRPUSD
by AschraM
XRPUSD Divergence from BTC and ConsildationOn the 2 hour chart XRPUSD is showing a divergence from BTC and is forming a triangle pattern that extends into September. It is well known that the crypto market generally moves in harmony with BTC. The same goes for XRP. However, the upcoming rally could be different. This is because the current trend shows a divergence between the value of XRP and BTC. Although current trends indicate an upcoming bullish BTCUSD movement, it seems likely that XRP will still continue to consolidate within this triangle until August/September (during a supposed BTC rally). Afterwards, I'm expecting a bullish run that will surpass previous highs (consolidation-breakout). I'll be shorting XRP for now, because I'll be long on the alts. Once XRP breaks above resistance, then I'll go long. Thanks for taking the time to read this. Nothing is random. Stay profitable.
BITFINEX:XRPUSDShort
by UnknownUnicorn4802260
Very Simple Chart Patterns Showing Downward Intel MovementThe ongoing trade-war with China is proving unfruitful for most tech assets, especially chip/semiconductor suppliers, including NASDAQ:QCOM and NASDAQ:INTC . Aside from these fundamental negatives, the hourly chart reveals several very simple, basic patterns that provide further confirmation of such bearish sentiment. There are two consolidation-breakout points, both leading to major gaps and spikes in short volume. The death cross, in between, is the cross of the 65-period Exponential Moving Average under the 200, a very strong sell signal. Additionally, the unusually large number of gaps is a sign of volatility and growth-instability. Traders and investors alike are bearish on NASDAQ:INTC due not only to fundamentals but the simple technical indicators and patterns shown on the hourly chart.
NASDAQ:INTCShort
by DoozyTrader
Exxon Mobile (XOM) Trend Analysis: Bearish SentimentI am predicting that Exxon Mobile will have further bearish movement, due to a few sequential chart patterns appearing. First, the death cross. At this point, the 65 period EMA closed below the 200 period moving average, an extremely strong sign of negative movement. The confirmed resulting downtrend resulted in a period of consolidation. When price action leads to consolidation for an extended period of time, it usually leads to a large breakout, highly indicative of the overall price movements for a given period of time. XOM consolidated and broke out downwards, beginning to correct itself. A quick correction with high volume formed a resistance level. If all holds, XOM has more volatility and downtrending in its future before it has a reversal.
NYSE:XOMShort
by DoozyTrader