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DASHUSD Day Traders' Paradise HereDashUSD Last comment was waiting for a flag to develop and looking to buy at 655 which wasn't great considering it spiked to 614. There was no stop advised here as it's so spikey so if you kept your nerve here, hats off. It was hairy. That flag earlier on Dash, now lost in the noise, was a day trader's paradise. This thing moves so far so fast and in such a big range, 10% to 20% in every 24 hour period. Now back towards the top iof its range and likely to unwind between the top two parallels in near term. A good range for day traders to play within. Take profits if still long and pick up some more around 725
BITTREX:DASHUSD
by sumastardon
Bitcoin BTCUSD Next support approaches for day-tradersBitcoin Update Although it's now testing the next line of support at 6312, unless a day trader would advise to stay short lloking for a test of the lower parallel. Some day traders will close out here looking for a decent counter rally back to the last support/new resistance at 6425, though the old trend line, now at 6390 may now prove so toxic that any rally is stopped dead here, on the underside of the old dynamic medium term support line. For others, stay short for test of the lower parallel...if we don't see a rally from 6312 it should happen around 1pm est, but if we get a rally first that will be delayed some. If it does rally from 6312, others looking to short this who have missed part of the ride can look to get on at 6420 if seen.
BITSTAMP:BTCUSDShort
by sumastardon
XLM Swing Trading Tactic Done this a bit with success swing trading on XVG recently, something different ;) I'm bullish on XLM short term following it's new partnership with IBM, but been a lot of hype on the back of some very positive news for XLM so if you're day trading prepare for this one to fall out of this wedge into a lower channel and potentially fall below 500 sats. This may look a little messy and confusing but everything you see here is justified in one way or another and has been analyzed for hours to set a profitable swing trading plan until the end of October. If this stays in the upper wedge i'd imagine things will slow down on the rise's and drop back towards the trend lines fast, if it falls through xlm will plummet back to the lower trend line within half a day or so but this support should hold for at least another hour or 2 if it's to fall. If it's to stay in the upper wedge it needs to go now. Be wary buying in this wedge, maybe save it for the breakout. Although not really important in swing trading this ones more of a novelty, in the lower wedge on the 4th wave on the rise i'd imagine there will be a lot of upward pressure and continue following the down trend into the end of the wedge, if this doesn't happen I've thinned the lines on a 2nd possible outcome to continue swing trading the lower wedge. I'm very confident it won't fall through the lower up trend so if you see it fall below on a false bear break, grab yourself a bargain and set a tight stop loss, especially if it falls through on the first fall from the upper wedge as it will absolutely fly on the rebound for some very quick profits! Minor resistances at 1050 and 1240 on the breakout and another extremely strong resistance to which it will not pass anytime soon at about 1500. Best of luck! :)
Long
by ArchieBRO
10
OMEX Long Opportunity Diamond/Cloud Breakout/Vol MovAvgExp CrossI have NO idea what the fundamentals are on this stock. I only know what I see here on the chart. I am an intermediate scalper/order-flow/tape-reading and technical analysis stock guy. OMEX caught my attention. I've been testing scanning and new ideas. Moving average cross of the ~50 over the ~200. All aligned well with the trend aligned up. Ichimoku Breakout on the daily. Diamond pattern. Bull Flag. Bam! Highly manipulated at this level but the TA says what the TA says. It is also trading above long term price on volume. Check it out! Volume could definitely move this.
NASDAQ:OMEXLong
by iambrettjenkins
GE Short PT 23.50 Supp 26Hello, my name is Brett, and I love technical analysis. Last night, I decided to analyze General Electric ( $GE ). The trend lines are all major, minus the lines that had to be added on the 30 minutes chart. Moving averages were all converging, so honestly, it was visible and apparent that GE was at a pivotal moment. GE Short. Should have posted this last night before the drop, but I did post it in my FB group! :) I bet you the Ichimoku is interesting, too... GE is dead. It'll keep burning... I have a medium-term Price Target of 23.50 based on long-term Technical Analysis with first support at 26 second 26.33, third at 28.36. First time really giving out a price target but hey... I call plays every day.. might as well see and publicly document for complete transparency ... In the Facebook group I posted at 3:00 am: lmao. GE.. Oh.. you did as predicted... Some of you might not see many of my Technical Analysis posts anymore if you aren't in the group I'm adminning BUT last night at 3:00 am I said, "I'm bearish on GE. They could perform a miracle tomorrow and move price action up 5%, and it would still continue burning. Moving averages are bearish. The trend is bearish. And the pattern is bearish." mind you this was posted at 3:00 am, before price action was moving. Expect a hit on the DOW is GE can't be offset by the outbreak down.
NYSE:GEShort
by iambrettjenkins
1
EUR/GBP, possible Bullish Crab Pattern (For the past couple of months I've been learning about FOREX , therefore I am not sure if the following event is going to occur, so don't pin yourself down on it.) Good day everyone, While searching for harmonic patterns on the EUR/GBP charts today, I think I might have found a Bullish Crab Pattern. First me and a friend where thinking the following pattern could have been a Butterfly Pattern. But after looking closely I think that the CD-leg was to long for a butterfly (the CD leg of a butterfly often is between the 1.168 and 2.24 fib levels) and therefore might be a Crab Pattern (the CD leg of a crab often is between the 2.24 (or 2.0) and 3.618 fib levels). Besides the CD leg being to long, my oscillating indicator is tell me there might be some room left to go up a few pips and my trending indicator is showing me that the trend is still rising. Therefore the chart might still increase in about 20 to 80 pips. Worst case is that the pattern is a butterfly and that means the chart is still going down anyway. summarized in the next couple of days there might be an downtrend coming. on the chart you can see the 3 resistance levels/ turning points (blue) and 3 support levels/ take profit (green). And if you scroll the chart to left you can see a lot of earlier resistance and support levels (between 2017/01/09 and 2017/01/18, 2016/11/15, between 2016/08 and 2016/10) which is a good sign. Tell me what you guys think, do you think I'm going to be right or wrong and why? Kind regards, Khaine
Short
by Wulvex