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Consolidationzone

The descending triangle : Phase 1, Initial break out!Hello fellas, welcome back to the Sunday bitcoin analysis! Here you can see my previous analysis which said that bitcoin is in the consolidation zone which make today's movement looks very important and crucial for me. You can see that the descending triangle in current consolidation phase is playing an important role and can gives us a lot of clue. For now, we see the 1st phase of breaking down of current triangle is precisely in play. we can see the bear's pressure is getting higher and higher on each day. If this condition hold and we can get a confirmation of this break down, we will see further push to the downside from bitcoin. The further it falls, the higher the bounce could be. we should see the important key levels below to catch a possible huge bounce which are around the $7600 , $7200 and finally the major key support around $6000. Our analysis is still playing well with previous bias that I've been called many times. For the altcoins, I still believe that it will have a negative correlations with bitcoin's potential moves. if bitcoin shows us a lot of bearish indication, the opposite thing I see on most of the altcoins which show us an absolute higher high and higher low combination pattern. current price is too low for altcoins. So, prepare yourself to catch your favorite alts and let's see what could occure in the next few days or weeks.
BITFINEX:BTCUSD
by julio24albert
[UPDATE]: Bitcoin run just stopped! Consolidation comming...Seems many see short-term Bitcoin price above $13000 or below $9000!?! We strongly believe that is not true! We are going into the consolidation zone. Probably price will be moving between the drawn lines before going anywhere where the majority expects it. Time will show who is right and who is wrong. Our arguments will come in the comments below this post. Many of them were also mentioned in the original post you can find under RELATED IDEAS. Before we do that it would be nice to hear some of your opinions and arguments. What do you think about further market movement? BTW: If you appreciate our posts don't forget to like them. :) PS: It's not investment advice. It's just an idea. ;-)
KRAKEN:BTCUSD
by Samoto
7
How history hypes predict future price movement!Sometimes I ask myself why am I producing all this educational material on TW since it gets much fewer views than trade ideas themselves. Usually, the answer is because I want to give something back. I want to teach the ones that want to learn how to catch a fish, not only get a fish. Nikola Tesla said that we should check number 3, 6 and 9 and we would know much more about the World itself. Let's check what number 3 tells about crypto markets. Do you see 3 tops on all 4 graphs where the next one is lower than the previous one? - 1st one is local hype top (peak) - 2nd one is a local dead cat (where people still think run will go on) - 3rd one is usually the last one (where weak players lose hands) When that happens it's time for FUD to go away and recovery comes in place. However, nothing can go exponential until the end. It has to stop to get some fuel for the next local hype. That's consolidation before the next push. It can build up sideways also, but usually, it already has some upwards movement. Some are faster like 135days or 185days to the next top in 2016 or 55-56days in 2017 when we are already deeper in the next bubble cycle. Where are we today? Is it consolidation or is it 3rd local top? What do you think!?! Give some opinions in the comments below and I will write down where I think we are. With approximately 90% probability! ;) Enjoy your trades and don't forget that it's just an idea and not investment advice!
COINBASE:BTCUSDEducation
by Samoto
11
AUD/USD 4HR Consolidation Breakout Entry (Wait For Retest)We have been in a strong consolidation period for over a few weeks now with AUD/USD. We can see the market has potentially presented its hand on the market direction but do not rush into this trade. I will be looking for a retest of this consolidation area with a clear rejection and a rejection of the EMA's for a confirmed breakout and confirmed entry into a bearish market. Rememeber to always wait for the market to present its hand.
Short
by FXEntries
GBP/CHF - Time to Play the Zone ?This is going to be a zone play, which is outside our typical ichimoku setups. When pairs stop trending it gets a little harder to trade with ichimoku unless you are on a really small time frame, so instead we'll be look to trade the consolidation zone. I am watching for a rise back p to the top of this zone, and a good rejection candle there to take a short. I've drawn out partial take profit levels for us to aim for as we then look to ride it back to the bottom of the zone. Since we are in consolidation this one may take a little longer to develop. If we fail to get a good rejection at the top of the zone or we break out of this larger zone, this setup may become invalidated.
Short
by The808Trader
Gold: The Sleeping Dragon Gold has been relatively quiet, consolidating between 1181-1215 despite the dollar's strength. There could be many explanations for this. Gold is a safe haven metal and the recent sell off in the global markets could have resulted in this consolidation phase we have been seeing in Gold. But all this aside. key levels and action plans should be formulated around 1215 and 1180 levels. Side note: If 1215 breaks out, make sure that the winning dragon don't back up into his cave.
TVC:GOLD
by revelationtrading
GBP/AUD Short Setup- Price retesting the daily support - Potential triple top to be formed if this level rejects price once again - Re entered the consolidation range where price is struggling to beat 1.8185 level - This bearish bias is supported by confluence as this level is also the 61.8 fibonacci level on the H4, which suggests that the retracement could be over - A series of consolidation illustrates uncertainty and price exhaustion around this area and awaiting a bearish swing
Short
by Shivam_93
EOS technical analysis...a look aheadYou look at this chart and you see how it broke below the second triangle and you would think it's going down fast with only one little peak of bottom support that goes way back to Dec 06, 2017. Yes, it should go down to around 50 cents technically with a bitcoin bear market over its head at this point and time, but I don't think it's going to work that way with this particular animal. I won't get into the reasons why, I will leave some due diligence for you to make your own decisions... You can see EOS is stuck in the middle of my channel I drew out, as is BTC 2.78% at this point and time. I think the yellow channel you see with the dotted white line in between will be a consolidation trading zone for a while. Oscillators right now are telling me it wants to go back up to test the top of the channel. That will be a good shorting opp -0.12% . I let the channel form itself, so after the price bounces off the top, I will look for a bounce off the bottom. It's at that point I feel I've got some range to trade in. In between the yellow channel you will see two blue lines. When I draw out my channels I do this precisely, considering all past history, even the wicks. This gives me a second level of extremity to gauge with for the inside swings to the tops and bottoms of the channel. If needed, later down the line, I will make a slight adjustment to the channel for better fit... I generally stay away from placing a trade in the middle of the channel (the dotted white line) I like to short the tops and long the bottoms for nice swing trades. Now, whether or not I place a long at the bottom of the channel for the swing back up - in this current bear market - will depend on what Bitcoin is doing at that time, as well as many other circumstances of course. Those circumstances I can't explain, would have to write a book for that. Basically, if BTC is consolidating in a nice set range, EOS will do the same
BITFINEX:EOSUSD
by Kick_Back_Time
BTC 9k-10k straggle So once again,we're back below the 200 day, and how they just disregarded the $9,000 support like it was nothing. For the bulls currently, the last couple of days(5/12th and 13th) the downside pressure looked uncomfortably to stay below May 11ths red day. Short -mid term, I think we're all eyeballing 10k again, but like I've said in chat I won't put my serious gear on until we get a firm hold above $10,200s. I'll put the serious gloves on after $12,000s. And should be paying more heed to the cryptos after 16k and above(when ever) But in the meantime,alt coins will give plenty of opportunities in between time. As of May 14th,I'll be watching out for more 8300,8500s consolidation mid term before more bullish action. Don't let fomo put you in grave circumstances.
COINBASE:BTCUSD
by Pippylongstockings
Bullish idea on OMGIt has behave so well these days, now it faces resistance above the 15$ area, where it needs to breakout descending line of the triangle to reach levels at 18$ again and continue the uptrend to new highs!. This range will get us all the way up to 35$. So for now that would be my target for mid term. On the other hand, if it can´t cross above the triangle, it should retest the bottom at 8.5$-10$ and from that point I expect a strong Bounce. RSI shows almost overbought levels at 65, it seems a little difficult to have a big bullish rally starting from this point. As for now, we can say we have a consolidated market in OMG, now there's only one way to go, so we can continue the Uptrend for the year. I'll keep this idea updated.
BITFINEX:OMGUSDLong
by G0ldenross
1