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Decisionpoint

Bitcoin reaches crucial 8-7K Price-Zone as analyzed Bitcoin has now reached the 8000-7000 target zone like analyzed a while ago. This area will be a crucial decision point (like mentioned in the Bitcoin big picture scenarios). The Bullish case would be that the current correction is a corrective wave 2 in a bigger 5 wave impulse to the upside therefore we should turn to the upside around the 7K level to make new highs. However the Bearish scenario, which I personally prefer (but thats a subjective opinion), is that we will see a bounce from the 7K but ultimately break under the 7K area. Should this happen and we break the 7K for a while, then I am assuming the Bitcoin Hype to be finally over, as the last pop of the bubble burst. Should we stay under 7K for a while chances increase, that we will see another sharp sell out with time this sell out can bring the price until a price area of 1200-200 USD for a Bitcoin . So brace yourself as it should get very interesting in this decision area. The Big Picture scenarios and the prior target analysis are linked on the bottom of this post.
BITFINEX:BTCUSD
by JonasBenjaminFriedrich
Stock market at very critical resistance indicator!If we track % of stocks above or below their 200 day moving averages on a WEEKLY time basis - there are some very clear bull market reversal signals as denoted. We are back to a very critical resistance area that once break up, we could see a very sizeable extended multi-year stock market pump. This would in turn seal the deal I believe for a second presidential turn and the Trump re-inflation of the stock market which will eventually lead to a parabolic top most likely.
INDEX:MMTH
by DropDead_Fed
$FB Mr.Zuckerg I gotta good feeling about you. FB looking bullish here entered long position on bounce off 164.14 support. Targets 1 2 and 3 highlighted in green. Need to see how price reacts at 171 level. Break of that level for continued bullishness and 188 target. If rejected at 171 level may see retest of 152 level. Bearish scenerio although is double rejection at 171.40 area. High probability of gap getting filled at 152 before any further bullish actions. I personally am long. Let us see what is decided.
NASDAQ:METALong
by HighProbabilityTrader
BTC ... choose your door, Red or Blue?Hello All, I haven't posted an idea in a while. I've been working my trades hard ... averaging my base costs down to really good levels. My strategy has been to accumulate and work those base costs down to prepare for a bull run. OK, here is what I see ... based on sub-wave count, and some possible interpretations ... Blue wave in essence means the inverse head-and-shoulders you are hearing about from everywhere actually breaks out. This would almost certainly mark an end to the mid-term correction ... although I don't think we have hit the absolute bottom yet. Red wave basically assumes we continue the pattern we've seen for months, being a double top and down. Bears are a bit worn out, so I see a possible correction somewhere between 5k and 5.4k ... less than that, although not impossible, will surprise me. Remember I am talking about a very local, short term bottom ... not the absolute bottom. I do feel the bears need to rest and allow the bulls to profit take before they can take BTC down to the final level ... which I believe will come in 6 to 8 weeks at around 4k to 4.5k. Anyhow, this is a KEY point. We could break out ... and we could drop. My position is approximately 50% coin, 50% cash. No leverage. All my coin positions are close to or below the bottoms (sold partial positions to work base cost below lowest point on chart) over the past 4 weeks ... so I'm not afraid to hold. If we do dip to 5k, I'll add up to 1x leverage. Below 5k ... I'll start adding leverage. If we do go up instead, I have 50% coin and can decide where to cash out. Remember only a fool relies on one potential outcome. Do not use this information for financial/investment/trading decisions. For educational purposes only.
BITFINEX:BTCUSD
by MAGICMARK
3
NEO - Elliot correction completed - LONGHi all, Here is a overview of NEO daily chart. - Set of 5 Elliot wave is being completed in this Bear Market - NEO at key long term support - RSI oversold at 27 - Falling wedge on RSI - Price compressed between support and resistance lines. /!\ Downward breakout - Target $25 /!\ Upward breakout - Target $83 This forecast is not a financial advice, study, exercise yourself, put into question your reasoning. Well, strive to be a better trader tomorrow than we are today. All the Best from the Crypto Space Alteroc AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai twitter.com
BITFINEX:NEOUSDLong
by Alteroc
5
S&P 500: Market at decision point between rally or mild pullbackIf the "S&P 500" breaks above 2815, then the rally is going to continue strongly higher for months. But if the "S&P 500" declines and stays below 2725 until the end of August then there remains a risk of a large stock market crash. Short-term the market is oversold and could break out above 2800 or a little higher towards 2815. Mid-term the market is way too overbought. Therefore there is a risk of a pullback down to 2750 or lower. Long-term the market is neutral at a tipping point here. Due to this divergence between the short-term and mid-term trends.
SP:SPX
by ChartArt
1
LTC/USD at decision point - Bounce to $130 of sell off to $50Dear all, Here is an update on LTC. Clearly undervalued and oversold. However further move downward is an option and is highlighted on the chart. Here we sit, a bounce to $130 is necessary because below $95 next strong support is at $50. This trade is driven by 3 main factors: - LTC currently sitting at key support $95 - RSI is oversold - RSI forming falling wedge 1st target is $130. Of course this forecast is not a financial advice, study, exercise yourself, put into question your reasoning. Well, strive to be a better trader tomorrow than we are today. All the Best from the Crypto Space Alteroc AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai twitter.com
BITFINEX:LTCUSDLong
by Alteroc
BTC at key support - falling wedgeDear all, Here is an update on BTC based on current downtrend and falling wedge patterns. We can observe that the angle of each falling wedge (correction phases) is smoother and smoother which highlights that the bear cycle is closing to an end. However BTC even with this triple bottom, can breakout downward this descending triangle to test $6,000 or $5,400. This analysis is based on: - Falling and rising wedge patterns - Trendlines, support and resistance - RSI To enter a long term trade now the setup would be as follow: - Stop loss $6,000 - Target Profits: $7,200 / $7,800 / $8,200. This forecast is not a financial advice, study, exercise yourself, put into question your reasoning. Well, strive to be a better trader tomorrow than we are today. All the Best from the Crypto Space Alteroc AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai twitter.com
BITFINEX:BTCUSDLong
by Alteroc
9
BTC - 5 hours to close candle above $6,900 (long Term support)Dear all, Short update on BTC, the rising wedge finally completed its retracement to the $6,700 area. Now we have 2 options: 1 - BTC candle 12h candle closes within 5hrs above $6,900 to preserve long term support In that case BTC will have performed a bullish triple bottom 2 - BTC candle closes below and it will visit lower supports highlighted on the chart This scenario will be a bearish one since we won't be close to a bull market Word of advice, always set stop loss, know when to take profit and let the correction clear technical indicators as well as allowing new buyers to enter the market. Of course this forecast is not a financial advice, study, exercise yourself, put into question your reasoning. Well, strive to be a better trader tomorrow than we are today. All the Best from the Crypto Space Alteroc AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai twitter.com
BITFINEX:BTCUSD
by Alteroc
2
ETH decision point within 24hrsHi TV friends, A squick post on ETH, it is currently holding its breath in an symmetrical triangle. The whole market is holding its breath, low volume, low volatility and EMAs narrowing the market is close to a decision. For ETH: + Up breakout would bring us to next resistance of $630 (previous high) - 60% odds - Don breakout would brings us to next support at $560 All the Best from the Crypto Space Alteroc AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai twitter.com
BITFINEX:ETHUSD
by Alteroc
S&P 500: At the crossroads between a bull and bear marketThe next weeks remain crucial for the "S&P 500" for the trend decision between starting a bear market or continuing the aging old bull market. The current trend bias as of this Thursday seems to favor the bulls, but the bears could start to attack as soon again. I hereby stay neutral and show two different paths where the market could move next from the upcoming decision point. I remain short from 2712.5 and long from 2580 until one of these two positions cancels out the other. Big picture trend channel overview:
SP:SPX
by ChartArt
Critical Decision Point for Bitcoin, Once Again! Another critical level for Bitcoin as it is "trapped"! It remains yet to be seen whether #BTC will break out of it's shell for a midterm reversal or will bears bury it into the ground? We have all seen a lot of bull-bear battle going on with these insane spikey "pump-n-dump" and I also suspect there is a lot of manipulation underlying some of this in addition to big time players trying to move bitcoin's price around tossing it all over the place like a rag doll. This looks like a nightmarish no-trade zone for higher time-frame traders, but once this move is confirmed in either direction, it should generate a nice trade setup. The point of this analysis is: 1. To realize that we are at a critical decision point 2. To find out where/how to confirm once a decision has been made 3. To prepare to use this data combined with new data and confirmation of trend decision to possibly enter a high-probability trade More details on chart! **Any content of this published idea should not be relied upon as advice or construed as providing recommendations of any kind. It is your responsibility to confirm and decide which trades to make. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations. Past results are no indication of future performance. In no event should the content of this correspondence be construed as an express or implied promise or guarantee. Good luck team BITFINEX:BTCUSD
BITMEX:BTCUSD.P
by WarDaddy