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A short position in the CHFJPY pairWe recommend taking a short position in the pair CHFJPY. as seen in the chart the pair entered a local resistance at the level 120 and also encountered the broken the weekly broken trend line which acted as a resistance and rejected the price several time, we believe that the price will go down and head firstly to the 4 hours support where we placed out 1st target and then will head to the daily support at 118 if this support was broken. Take this trade only if you agree with our analysis.
Short
by alphaempirefx
1
EURNZD a short outlook? 🦐EURNZD on the daily chart ends the correction in the ascending channel and now testing the support area . The price starts the bearish move at a confluence point enlighten in the chart and now is breaking below. According to Plancton's strategy if the price will satisfy the academy rules we can set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
20
DataMoney strikes again! Will ETH hit a new ATH?Hello everyone! The early access DataMoney community already know that good old Mr. DataMoney is taking some time off. Sometimes life happens and we need our time off. That being said - I am flattered, shocked and honoured by everyone writing to me. It is great to read your messages and see that soo many of you love this content and genuinely missed me. Thanks again! Now, a quick catch-up: - Bulls market in full throttle. - ETH hit a few new ATH's in the last few days - Cryptos forever making more money!? Speculation: Why is this all happening? Surely many of you will have a variety of opinions. Please feel free to drop a comment down below if I have missed any massive market event. At a high level, all stocks and crypto should be going down. Uncle Sam is busy with the money printer and M1 should be sending the majority of world economies into hyperinflation. But it isn't! Weirdly enough, a lot of the wealthier world just have a lot of money that they are not spending on fine dining, showing off, luxury entertainment and travelling the world. It seems that one way or another, all of that including the variety of stimulus packages end up in financial markets! Now, this is not the place to discuss whether that's right or wrong, but the number does raise eyebrows 👀 At the moment it seems that people buy and buy in large amounts regardless of the price. A crazy speculator would say that the price will keep rising until the Covid restrictions would end and all the new billionaires would want to dust off (or buy) their jets and yachts sending BTC and ETH at least 50% down together with all the small-time investors 😈 Back to business: There are some speculations that both BTC and ETH have formed H in H&S pattern and mid-March scenario is repeating itself. It would be reasonable to expect a 20% correction in the next week or so. Today's technicals: Position is short Forecasted highs at ETH $2220 and $2260 Mid-way point at $2120 Forecasted lows at $2100 and $2050 Have fun trading! 🤑 For the next month or two, there will be fewer DataMoney posts here on TradingView. However, if you have early access invite, DataMoney community remain active and members continue to actively post and collaborating ideas! If you would like to get an early access invite, drop a link to your favourite DataMoney post in the comments down below!
Short
by DataMoney
Will Easter cause a price drop? Who will hype the market?Happy Easter for those who celebrate and happy (long?) weekend for those who don`t! ☀😎🕊 🥚🐣🐇 Many of you noticed that I did not post for a while. Thanks for your messages! There are a few reasons for that: Life, Work, Easter and JetLag 😅 Trading, data analytics and all of that good jazz is great fun. I absolutely love what we have managed to achieve at the DataMoney community. It is amazing to see that our community continues to grow, help one another and everyone profits along the way even in my absence. If you are reading this - please drop a cheerful comment for our community. They are simply great! Back to business What is going on in the market? From doom to the moon. As the ghost of BTC futures past, the bulls were charging ahead and the markets skyrocketed to a new All-Time-High! Now, Easter time puts many of those bulls behind an easter table to put on some weight instead of trading. That naturally pulls back from that super overhyped and overpriced ATH. Nothing to worry about tho, as soon as Monday and Tuesday will kick back in - we shall see some more price movement. Everyone is very excited to see if that will be a new ATH or a dip 😁📈📉 Today's technicals: Position is short 🔻 Forecasted highs at ETH $2150, $2200 Mid-way point moved to $2000! 😱 From $1650 to $2000 in less than a week! 😱 Forecasted lows are at $2000, $1950 Have fun trading! 🤑 If you would like to get an early access invite to DataMoney ETH technical analysis, write in the comments down below what in your opinion would be the best achievement for the DataMoney community members 😉
Short
by DataMoney
3
When will ETH hit a new ATH?Today is the last day of March and potential ATH for BTC ( and maybe ETH? ). What can we expect? Let's take a look at the big picture! This week started with a V-shape price recovery. Many sources said that this price action lacks reason/merit and is unsustainable, but we all know that markets can remain irrational longer than any one person can remain solvent 😂 In reality, ETH went from underpriced to way, way overpriced in 3 days. For comparison, it took 2 weeks to drop from $1800 to under $1600 and only 4 days to spike back to over $1800. It has been a long time since anything like this happened. Rationally if the price has a sudden spike up, it should go down. Currently, the market is ruled more by the news than supply/demand some believe that the news regarding Visa to accept USDC was a big one. It might as well be just an inflated hype. Please keep in mind that since Tuesday last week crypto markets have been ruled by hypesters and news. Again and again, we have seen technical analysis rendered useless. What's happening today? Bull market at full throttle! The market is hot and hypesters are pushing very hard for new All Time Highs (ATH) for both ETH and BTC. It is also the last day of the month therefore common sense would suggest that traders will push hard to close with another record sale. The overall situation should remain similar as yesterday - market technicals suggest a retrace and the market is likely to be heading in a different direction. Today's technicals: Position should be Short (and the price actually dipped since our early access TA!), but I mark it as Long-ish as traders are very likely push for ATH Forecasted highs at ETH $1900 and $1960 Mid-way point jumped to $1750 Forecasted lows at $1750 and way below, however unlikely to get under $1700. Have fun trading! 💸 If you would like to get early access invite to DataMoney ETH technical analysis, write what was your most successful trade in March! 😉
Long
by DataMoney
Market is consolidating. Will ETH go up or down?A moment of tribute. I would like to thank all of DataMoney fans and followers, without your interest and support this would not be possible. DataMoney now has over 540 fans and followers, our community growing strong. Thank you! 🏆 A quick overview of the market - Half of the week, the 22-24 of March, continued with way prolonged H&S pattern and had a sharp drop on Wednesday the 24th🔻 - BTC again dominated the headlines as hypesters kept hyping BTC and the news of expiring BTC futures came crashing in with analysts and institutional investors predicting sharp price declines for the rest of the week. - BTC futures doomsday never came to be and on Friday the price kept ticking up slowly and steadily instead of the massive volatility and price drop that the majority of traders were expecting 🙈🙊🙉 What happened? No one knows... BTC futures crisis did not come to be. Contracts were settled on Friday without any major fluctuations in the market. Was there a reason for that? Maybe it was just a case of hypesters trying to pull a quick one on the majority of the market? If any of you have any good insights of articles to share why BTC did not drop 20-30% last week - please share in the comments below! Regardless, the weekend price movement raises doubts. On Friday, almost guaranteed market decline takes a U-turn with periodic high volume ticks rising price and many eyebrows. Maybe it was just whales and/or institutional investors reopening closed positions? We all know that the crypto market is not regulated, however, situations, where a few reap a massive profit at the cost of all the rest, reopens discussions of market manipulation. What's next? Many traders taking more and more time off. Looking at the weekend data it seems that it was a good test for what direction the market is going. ETH price remained more or less stable within about 1.5% fluctuation up or down. Where daily traders work very hard to make a decent profit every day, 1% profit or loss is just not worth the hard work. Given that last week price was dropping, it should have given a chance for the price to pick up during the weekend. The fact that it did not, just shows that there may not be that much demand at this price level. It is likely that today will be price exploration, the price will rise a little then likely to drop towards the mid-way point. Market is consolidating. Today's technicals: Position is Long (at least until it reaches forecasted high and then short at least until it bounces back to mid-way point) Forecasted hights at ETH $1760, $1800 Mid-way point at $1650 (that's right! ETH is overpriced this whole weekend!) Forecasted lows at $1660, $1650 and less likely $1600 Have fun trading! 🤑 If you would like to get an early access invite to DataMoney ETH technical analysis - write "I made money today" or "I did not make money today" in the comments down below 💸😉
Long
by DataMoney
3
Friday FOMO! How to close your week with profit?Happy Friday! 🥳 I am sure all of you are excited to see what this first quarterly futures expiration will bring to the market 😁 Yesterday was an intense power struggle between hypesters and market news rendering all technical analysis useless. BTC showed up strong to lead the fight and had a massive dump handed to it. Overall alt-coins were performing better than BTC with everything ranging from ETH to XRP outperforming BTC. Back to ETH... At a macro level it is declining. Surprisingly, regardless of yesterday's dump, at micro level ETH is showing signs of recovery. Although truth to be told - it is very likely that TA will be out the window again with FOMO taking over the market. One way or the other, BTC is at the centre of attention and will ultimately dictate the course of the whole market today. Internet is full of analysts and institutional investors who are threatening to exit their BTC positions and forecasting a massive decline. Some range from 20%-30% decline all the way to wild "dooms-day" type of forecasts of BTC losing 50% of its value this week 😱 Unfortunately, any larger BTC dips or dumps will affect the rest of the market, therefore ETH is expected to decline as well. May the odds be with you shorting the market! 🎯 Today's technicals: Position is Short Forecasted hights at ETH $1650, $1700 Mid-way point at $1670 (That's right, this week ETH lost ~10% of its value and keeps dropping!) Forecasted lows at $1580, $1550 and $1520 Have fun trading! 🤑 If you would like to get early access invite to DataMoney ETH technical analysis - write what would you do if you would make over 10% profit shorting ETH today! 💰
Short
by DataMoney
1