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Consolidationzone

USDJPY - Waiting for Market DecisionHi Traders! The market is now in a consolidation--zone after a shortterm longtrend. During its upmovements it respected the trendline. But the more often the market tests a trendline, it becomes weaker and NOT stronger! Its the same for support and resistance. Now the market is in the consolidation area on the trendline. If the market breaks out higher this idea would be invalid. But if the market breaks down lower, we have two main TP-Levels: The 106.800 and at 105.200. We recommend to sell the breakout with a wide SL and a risk-to-reward of 1 to 2. Thanks and good luck :)!
Short
by swissmoneymakers
2
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