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Continuation

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
Bitcoin to $1k (The doomsday idea you're afraid to consider)This is a very unpopular view and I've already been told off by countless perma-bulls, but hear me out here. This is the doomsday scenario for BTC, displayed in a no-BS way. You likely haven't seen this view yet due to people not wanting to believe it can be possible, but take a look with an open mind and see for yourself. This chart highlights the possibility of continuation down from the 6k breakdown. At the time of writing, this would put us currently at the top of a large symmetrical triangle which is a continuation pattern, especially in this case where it's supported by the decreasing volume and rising RSI trend throughout. Following through with this pattern and ultimate breakdown will result in what I would start to call a bottom on BTC. Here's what I see for targets based on this: Short term target: $3550 (Bottom bound of the triangle. We are currently at the top bound and ready to make this drop to the bottom bound. I estimate this to happen during the week of writing this.) Full breakdown from triangle target: $1000 (Technical target, but could very well halt slightly above this such as near $1,200. This is the ultimate destination and a likely bottom.) Timeframe for breakdown from triangle: April-June (This is a rough estimate, I mainly expect some action to occur in early May as we reach the tip of the triangle. The main fall will likely happen fast, get ready.) These are my opinions based on personal observations, don't take my word as direct financial advice. Keep an open mind and just realize that this is a real possibility. I'll be updating this as we make progress. Good luck and be careful. -Ethy
COINBASE:BTCUSDShort
by EthyMoney
2