THETAUSDT| Dynamic S/R| 200DMA| Range Low| Declining Volume Evening Traders,
Today’s analysis – THETAUSDT – breaking Dynamic S/R, failure to close back above is bearish.
Points to consider,
- Price Action Pivot
- Range Low Support Confluence
- Dynamic S/R Resistance
- Oscillators Neutral
- Declining Volume
THETAUSDT’s immediate price action is below 21 MA and Dynamic Support; this allows us to have a bearish bias in the immediate terms.
Range low is projected support that is in confluence with long liquidity and 200 DMA, price action has a probability of bouncing here on first attempt.
Reclaiming Dynamic S/R will show strength in price action thus negating any bearish biases.
Both oscillators are trading in their respected bearish control zones, remaining in the area will show weakness in the market.
The current volume profile is declining; an influx will be imminent when testing key trade location such as untapped long liquidity.
Overall, in my opinion, THETAUSDT is a valid short with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“When you learn to let go of the need to be right, being wrong gradually lose its power to disturb you.”
― Yvan Byeajee
Declining
USDCHF Equilibrium| Structural Resistance| Declining Volume Today’s Technical Analysis – USDCHF- trading in equilibrium where a break is imminent
Points to consider,
- Structural resistance (bearish retest)
- Declining volume
- Apex
- RSI at 50
A break in USDCHF will be imminent as price continues to reach its apex. The support and resistance lines will converge leading into a break in structure.
The structural resistance is a key level, a bearish retest will allow for a valid short. It is important to monitor how price action forms at the level as weakness will indicate a possible liquidity grab.
Volume is clearly declining, which is an indication of a true equilibrium. A breakout needs to be backed with increasing volume; this will decrease the probability of a false breakout.
Overall, in my opinion, if USDCHF breaks bullish, its immediate target will be structural resistance. If price action shows weakness and confirms a bearish retest, lower level will then be likely.
What are your thoughts?
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And remember,
“Do not anticipate and move without market confirmation—being a little late in your trade is your insurance that you are right or wrong.” -Jesse Livermore
Bitcoin (BTC) MA Death/Golden Cross Analysis (Part 7) --> +11.1%We crossed the MA yesterday and have crossed over the $7.4k, marking a beginning of our 4th segment. Go back and read through my analyses using this strategy, we're up over 11% during this decline! While it is still falling, let's hope this leg locks in some more profit vs USD! In terms of BTC, we're up 55% over the past couple of months!
Segment 3
03/18/2018 - BUY $8,300
03/22/2018 - SELL $8,700
04/01/2018 - BUY $7,150
Beginning ($): $10,650
Ending ($): $11,100
Beginning (BTC): 1.28
Ending (BTC): 1.55
Segment 4
04/01/2018 - BUY $7,150
TBD - SELL TBD
TBD - BUY TBD
Beginning ($): $11,100
Ending ($): TBD
Beginning (BTC): 1.55
Ending (BTC): TBD
Follow the strategy, trade on the signal, and profits will come!
BTCUSD Bullish after Declining broadening wedge, buy&sell quickHi Guys, quick Analysis,
i spotted a declining broadening wedge on BTC USD. After H&S formation the support couldnt even be broken by the downtrend after H&S, now trend switches probably and goes for formation target at the first highest high of formation @ 15300 USD after breaking declining broadening wedge top-line.
Wait for confirmation and once it breaks the falling trendline on top buy for quick profits with sell order at 15300 or close below.
Formatino confirmed by 2 touches on each line !!
Updated NXT USDT Entry Level Reward to Risk 5:1As the pattern developed it's clear we're in the falling wedge (bullish) bull flag (bullish).
When this breaks upward it's going to be a monster. Expect a gain equal to the flag pole.
Normally, at Target 1, I take profit and reduce my exposure by 50%. Then I adjust my stop to breakeven. At Target 2, I take profit again and reduce my remaining 50% by 50% (in other words 25% of original).
For this trade, however, I'll only be taking 25% out at each target, and I'll be leaving some in for the likely price run up between now and the 28th when those holding NXT coins in a wallet will be air dropped .5 Ignis coins per NXT coin
*This is an update of a previous analysis.
PDFS - downward momentum short setup from $14.27 to $12.37PDFS has huge insider selling in May, June & some recently. And technically it showing downward momentum. We think it is a very good downward momentum setup.
* Trade Criteria *
Date First Found- August 22, 2017
Pattern/Why- downward momentum short setup
Entry Target Criteria- Break of $14.27
Exit Target Criteria- $12.37
Stop Loss Criteria- $15.23
Please check back for Trade updates. (Note: Trade update is little delayed here.)
PLNT - Trend breakdown short from $19.83 to $17.13PLNT is breaking down all the moving averages and its trend line support. Moneyflow was diverging & recently plummeted down to negative side. We think it will decline further to $17 area, if it can break $19.83
* Trade Criteria *
Date first found- March 14, 2017
Pattern/Why- Trend breakdown short
Entry Target Criteria- Break of $19.83
Exit Target Criteria- $17.13
Stop Loss Criteria- $21.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
HLT - Upward channel breakdown short from $56.13 to $51 areaHLT looking a good short setup. It seems breaking down from upward channel, also broken down strong support label. It has great moneyflow divergence. We think it will be a great short & we would consider $57.50 April-17 puts
* Trade Criteria *
Date first found- March 8, 2017
Pattern/Why-Upward channel breakdown, Support breakdown
Entry Target Criteria- Break of $56.13
Exit Target Criteria- $51.13
Stop Loss Criteria- $58.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
MSFT Microsoft - The Emperor Without (As Many) Clothes Maybe that is too extreme, but it hopefully caught your attention: I put a short sale recommendation last summer and MSFT and it had an excellent down-move from that publication. Now MSFT has made another earnings announcement and it has made a new high, it's time to revisit and see what valuation looks like. Well, the valuation is a problem.
The PSR or Price-to-Sales Ratio. The value of the company as a multiple of the underlying revenues of the firm is up to and above the peak of 4.77 times seen at the 2010 high. And back then MSFT had 25%+ and rising margins and today they have 13.5% and declining margins. That is a huge difference. Revenues are experiencing slower growth these days, far from the strong growth MSFT saw through the 1980's-1990's and 2000's.
I believe there is a time when you have to just vote with your feet and walk away from investments. Timing the ultimate demise (50% decline and no recovery) is a whole different business and one which I love to be part of and attempt to help you get in and get out investments at the right time to experience the least amount of stress, dissonance, doubt, or financial loss while at the same time getting the maximum gain possible given the risk taken.
MSFT 54.17 last, November 9th Monday's close.
I rate MSFT a "SELL" - "EXIT" - "UNDERPERFORM" the market going forward. If it doesn't underperform, the market must know something I don't or the people that buy MSFT just have more money than sense at this level. Ok, that sounds harsh. But, maybe I'll do even more research and see what I can find to prove myself wrong. Feel free to add your fundamental insights.
(Fundamental replies so far from users: Read the MSFT annual report to see their migration to the cloud from the desktop. Microsoft has been playing catch-up to Google-Docs.)
Tim
8:37AM - I published this Monday morning Nov 9th before the open for the KEY HIDDEN LEVELS CHAT ROOM and for TWITTER followers of @87spider, but made it "private" accidentally. I'm sharing it with the overall TradingView community now.