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Continuation

BCH/BTC - retrace before continuation upwardsMy expectation for price action is indicated by the thin green and red arrows. Blue triangle indicates the current range. The large dotted green arrow indicates the overall trend. Green box is buy. Red box is sell. Blue line indicates major support/resistance identified by the fib channels. Green & Red lines indicate t/p. Black dotted lines are fib retracements. Thick white lines are fib channels. The green arrow indicates the overall trend. This is a log chart. This is not financial advice. All charts shown on my page, including this one, are just for fun. If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
Short
by Halams
BTC/USD - what now?This setup looks similar to what BCH did before its 40%+ pump at the beginning of April. I expect a pullback to one of the lower green boxes before continued upside. Blue triangle indicates the current range. The large dotted green arrow indicates the overall trend. Green box is buy. Red box is sell. Blue line indicates major support/resistance. Green line indicates t/p. This chart is made with fib channels. This is a log chart. This is not financial advice. All charts shown on my page, including this one, are just for fun. If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
BITSTAMP:BTCUSDShort
by Halams
4
USDCAD ripping up!Price moved really quickly from my entry... Analysis -USDCAD looking bullish after showing signs of a breakout, pullback and continuation play. Buyers pushed price significantly past resistance wherein sellers came in and pushed it back down into resistance turned support. The price action resulted in a daily spinning top setup AT SUPPORT before the daily candle close which is a bullish sign. -On the 1H time frame, price just broke a bearish (correction) trendline to the upside. -The reward/risk is good for the setup (given the distance between daily S/R levels) Entry, Stops and Targets -Long Entry: 1.34633 (Enter long after price pulls back, never chase a trade) -Stop Loss: 1.3439 (Set stop below the daily reversal candle or swing low on the 1H chart) -Take Profit: 1.3512 (Set target at a minimum of 2 times your stop, depending on entry) = 2R *Trade Safe and trade at your own discretion!*
Long
by Mankz
BTC setting up for a move next weekWe've been grinding up against this tredline for awhile now, and if we can start off strong Monday I think we could see some nice volatility. BITFINEX:BTCUSD has also printed a nice consolidation pattern since the movement in the beginning of the month; these patterns are also known as continuation patterns, and as the name would imply they continue the movement of the previous trend. The KRAKEN:USDTUSD broke on the 25th, and we had a 4.82% drop, but the .618 fib held us up nicely. Looking at a trend line from a longer standpoint, we can see that BITFINEX:BTCUSD is coming to the end of a much larger trend, will we break up or down is the big question.
BITFINEX:BTCUSD
by Yung_Crypt0
1
EURJPY Continuation??EurJpy has Been on a strong bull run over the previous weeks Breaking out of a price channel and has now come back for a retest with huge confluence building giving a high probability trade entry. However, as this is Easter weekend we can expect little movement until next week midweek. Confirmations for Long Trade: Hidden divergence suggesting continuation. Fibo support Trend line 3rd touch (most traded data point on trend line) Channel breakout retest Confluence building all in a key zone
Long
by TBonch
It Seems The USOIL Price On It’s Way To 75.00 ZonesAs we heard 2 days ago, president Donald Trump announced about new sanctions on Iran, that cause the USOIL price to jump away and creates new fresh demand, we can see this New demand in the 1Hour chart, that demand below seems like a great continuation level and I’ll buy there if the price retrace the demand, on the 1D chart we can see that the USOIL Price is bullish and probably will stay bullish until reaching the supply above, that supply will be the target for the buy position and also it’s a great level for sell position for the long Terms.
FX:USOILLong
by the5erstrading
BTC - Break now or one more touch?BTC has established a very nice ascending triangle. The question is whether it is breaking out now? Will it touch point E first? Or will it do some kind of Market Voodoo move and head fake both the bulls and the bears before deciding which direction to take? Place your bets and take your chances! Personally, I would like to see prices at least touch point E before continuing higher but only on rare occasions does the market actually do what I would like for it to do. lol Good luck!
COINBASE:BTCUSDLong
by BitcoinBearSlayer
Bitcoin: Too Much Time At Resistance Means Strength?"Bitcoin is a short! It's going back to 3500!!! Go to Bitmex and leverage everything you own right now!". Sound familiar? If you have been on the internet since Bitcoin's first attempt to retrace off the 5400 high, it should sound very familiar. It is the general consensus among the herd. In fact I have seen this sentiment posted on my comment forums regularly. Want more statistical proof? Just take a look at the Bitcoin short interest. And with the recent double top formation, I would not be surprised if this sentiment heightens even further. I will be the first to say that I do not buy into resistance areas, I prefer to buy into support areas. Since the beginning of April, Bitcoin's short squeeze has pushed the price into a major resistance area that I have been pointing out to our followers countless times. The 5200 to 5800 area is a proportional resistance zone relative to the 6K level. From my perspective, the current resistance increases the likelihood of a retrace of lower levels, BUT that does not mean it will go there. Even with the current double top formation attempting to establish itself. Here is what you need to realize: Price is lingering at a resistance. Weak markets, even temporarily weak DO NOT LINGER at resistance levels, they sell off quickly. The amount of time that Bitcoin has been fluctuating above 5K is about TWO WEEKS, all while short interest is biased to the high side. Not a good recipe for a short in my opinion. All these leveraged shorts piling in, yet no major supports are breaking. The 4930 to 5K area, is still nicely intact. Obviously the buying pressure continues to absorb the aggressive supply. This was a very similar situation that we faced at the 4130 resistance area. If another short squeeze takes place (which can happen out of nowhere) price can easily see 6K which presents the next obstacle for this market. The fact that the general consensus is extremely bearish further adds to the argument in favor of higher prices rather than a deep retrace. The crowd is usually wrong (which is the foundation of most forex broker's business models). In summary, there are NO absolutes in market timing. Good technical analysis presents possibilities and probabilities, not precision. And good perspective comes from considering variables that are not visible on a chart. Without this basic understanding of market mechanics, it is very easy to be conditioned by the irrational sentiment of the herd. Our objective is to detect structural changes around potential turning points in order to get a read on how likely forced order flow is to come next (short squeeze or long liquidations). And at the moment, AS LONG AS price can stay above the 4930 level, the chances of squeezing to 6K are still a reasonable possibility, even in the face of a major resistance zone (yes it is confusing and conflicting, but that is the market). And with this being the case, I still stick to my plan which is to WAIT for a qualifying structural support. Would I like to see 4500? Sure, but the market does NOT care about what I like. The 4930 to 5K area is the active support area we are watching for a swing trade long, but it all depends on what kind of order flow Bitcoin presents upon a revisit.
BITSTAMP:BTCUSD
by MarcPMarkets
66
EURJPY - ContinuationThe price seems to be starting to form a bearish flag, it is still in its early stages, it should give us an idea within a couple of hours if the price is forming a bearish flag or not. The price had recently dropped a lot, this had cause the RSI to move into an area of being oversold. The price is currently in a period of consolidation, this would allow the RSI to position itself, A careful eye needs to be kept on the price, as it is very likely that the price would break out within the coming hours. The price is much more likely to break out the bottom of this flag confirming a continuation of the downward trend.
Short
by JohnnyPurtoy98
USDCAD Bearish Pennant Projection.USDCAD Bearish Pennant Projection. The pennant is usually continuation pattern and often appears halfway through a sharp move. This allows a target to be achieved by measuring the distance traveled from the initial breakout to the low of pennant and then projecting this down from the pennant breakout point. The pennant is a short term pattern, should we continue to move sideways beyond the pennant apex the situation would need to be re-evaluated. Short Trade Set Up: Entry at 1.33400 which would see the pennant low take out first. Stop at 1.33700 if this analysis is correct we should not get back up here. Target 1.32800 projected target form pennant and previous support level.
Short
by Trend_Analyst