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TRXM19 Head and Shoulder ShortWas slightly late in identifying this setup. I usually will short on the Right Shoulder and take my TP1 at the neckline. Price has risen significantly last night and a change in trend is underway. However, there may be chance for a small pullback up and then take the short. One thing to note for all traders, DO NOT chase the trade! I repeat DO NOT chase! We want to sell at the highest price possible and buy at the lowest price possible, this is what set a professional apart from novice. Entry: 0.00000611 SL: 0.00000618 TP: 0.00000590 Risk-Reward: about 3 Can consider to take partial profit at 1:1. Do like, share and follow us for more analysis like this regularly.
TShort
by TradeEye
Possible ETHUSD Short position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Ethereum has recently created a higher low!! Although this may sound like good news for the bull traders, this will be short lived. If BITFINEX:ETHUSD falls below the 122.00 level, we maybe in for another short move towards the 106.00 level.!! From my experience stay on the sidelines or short sell!! Happy trading :) Join our Mentoring Program TODAY!! twitter.com Follow your Trading plan, remain disciplined and keep learning !! This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
BITFINEX:ETHUSDShort
by SMPTrader
Ethereum is a joke!! Down we go again!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Ethereum has broken beneath support levels!! Significant drop to come!! BITFINEX:ETHUSD is down by more than 93% over the past 12 months!!. ETHUSD has fallen through the 105 level and now we are looking for another significant drop to the 83 level, thats another 20% wow! From my experience stay on the sidelines or short sell!! Happy trading :) Follow your Trading plan, remained disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
BITFINEX:ETHUSDShort
by SMPTrader
What's Holding Bitcoin Down?This will likely be my last Bitcoin chart before I feel like we've confirmed our bottom and exited the bear market. As you can see, three main resistance lines on the linear chart are holding us in check, all of which have been present since the beginning of 2018. These are the resistances that need to break in order to end the bear market, and it's anyone's guess as to how long this will take. The dark red is the main "meme triangle" resistance. The light blue is another triangle resistance since July 2018, and it is currently forming the top of our falling wedge. We briefly broke out from it in the fall, but the market was too weak to follow through. We almost bounced there when we first broke down from 6K, but it was the breakdown of that line that truly sent us into freefall. We have ultimately followed that downtrend from July until this very day. It has many touches––only one of which resulted in a breakout. Needless to say, that doesn't inspire confidence in the market. The bright red line is the ATH-tether pump-breakdown resistance. We've managed to hold above it/ride along it for a bit, but the more powerful resistance seems to be the light blue. We still haven't tested the bottom of the wedge or the 200W EMA, so we may have to do that first if we're going to move up from here. If that fails to hold, we will likely have our "final" drop of the bear market. We then can judge the strength of the market based on the reaction to extreme lows and see if we have enough momentum to reverse and break our resistance lines. We'd need a huge spike in volume to do that, and for now, the volume is still weak. Bitcoin also has support in a possible long term linear uptrend (in purple). Interestingly enough, this line converges nicely with the end of the falling wedge, and this could provide a powerful bounce. This is why my scenarios use this line as a potential pivot area. The three scenarios outlined here aren't ALL the possible outcomes. These are all long term bullish scenarios. However, on a log scale we broke down from our major uptrend and are currently looking to form a new trend. The true bottom is anyone's guess. Bitcoin has been around for 10 years, and has recovered from much worse. It's unlikely to go to zero, but it could stall and flatline for many years. My bearish targets for some top coins are as follows, IF we break down: ETH - $24-27 LTC - $5-8 NEO - $3-4 XRP - $0.08-0.10 XLM - $0.01-0.03 TRX - $0.01 (will likely not achieve a new low, based on its strength) This is not financial advice. This is for educational and speculative purposes only. -Victor Cobra
BITFINEX:BTCUSD
by VictorCobra
2
XBTUSDHTF VIEW - Price action making lower lows yet RSI making higher lows (Bullish divergence) - Sell volume decreasing as price decreases (Signals sellers are exhausted) LTF VIEW - Demand can be identified as the green box. It was the down candle before the up move that breaks LTF market structure. Hence, it is very possible that buyers will still be interested at that level. Confluence: 1) Optimal trade entry, drawing fibs from last swing high and low 2) High volume node from VPVR
BLong
by FX20
XBTUSDHTF VIEW - Price action making lower lows yet RSI making higher lows (Bullish divergence) - Sell volume decreasing as price decreases (Signals sellers are exhausted) LTF VIEW - Demand can be identified as the green box. It was the down candle before the up move that breaks LTF market structure. Hence, it is very possible that buyers will still be interested at that level. Confluence: 1) Optimal trade entry, drawing fibs from last swing high and low 2) High volume node from VPVR
BLong
by FX20
Interesting 4h frame unfoldingAlthough BTC is looking pretty bad, the 4H frame tell us another story, where our hope of bounce is getting stronger. senkou span B is currently providing support i am expecting a bounce from such a strong support. weak piercing pattern is forming andthe next candles will provide the confirmation, if confirmed, target will be senkou span A (7.8k). If btc close below this support will be a free fall down to 6.8k. Also looking at various indicators i can spot a bullish divergence, creating conflict in price and momentum reinforcing the idea of a bounce back up to test 7.7k.Another pattern seems to be in play which again add a point to the bounce, a falling wedge pattern, which is usually a reversal pattern giving us a 64% chance of a move up. I am pretty confident a bounce will occur with such a strong sign spotted in the 4h frame, however the price may readjust consolidating above this support, if this would be the case, than a leg lower 6.8k is expected. Today is the judgment day for BTC. bulls last hope is in play, let's see. Always looking a candles to spot the right entry.
BITSTAMP:BTCUSDLong
by CFcryptoTA
BTC - Short TermHello folks, I'll start to publish a little more here.. So, in a short term vision we can see a continuation pattern that is the symmetrical triangle. We just jumped off the first triangle and created a new one, as we can see in the charts. The target to this pullback/upside is 6.9k-7.2k USD. This is a short term view and it's not interesting to jump in because the risk-reward is not interesting. In a Long-term view we are still bearish. We will only become bullish if we close above 7.8k USD
BITFINEX:BTCUSD
by Tassolago
4