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XRP needs help! What to look forHey there, Let's get to it. Where is the follow through? After an exhausting series of attempts to breakout, it looks like the bulls are losing this battle, but a higher low could save the movement. The RSI is cooling off, volume is going down, and a fat bear candle formed on the day. The bearish crossover isn't helping any bull here, but the bears are sitting pretty on such a large drop on low volume. Bulls look absintee in the market right now. The large rally from last week is dwindling away after bears look to take control on a snippet of volume (relative to this week) If we are going to see an entry for a long position, we need to see some extra bull volume, or some divergence in the RSI. Bouncing off of the EMA could be good news, but its too messy to tell at this point int he market. We might need a few days to see what is really going on. The volume will always preceed divergence or a crossover, but we need at least two to confirm a long entry. For bulls, STAY AWAY until we see some bull patterns start to form. Watch for a higher low confirmation, and play the rest of the trend. For bears, stay frosty as consolidation starts to form. Avoid losing on a spike up to a higher high. Any new players out there, save yourself from loss and wait until a strong market move forms. What do you think? Is this a higher low for XRP, or another move? -Block
BITFINEX:XRPUSD
by block21e8
ETH is moving as planned - What we look to doHey everyone, it looks like ETH is moving as planned. There was a predictable double top short opportunity that respected the .618 fib level to a T, and the RSI is clear of any overbought conditions. Lower lows are not a confidence booster for any bull, and we are pushing that lower resistance level right now. Right now we are still still within yesterdays candle, without a strong bull signal forming. The lower bear volume and rising bull volume is a great signal for lower % day traders, but for swing traders this sets up a pretty lack opportunity. On the one hour chart, we are only looking at a lower low, while in the Day chart we are just looking at another bearish movement. Overall, we would call this a NO-TRADE ZONE. The market needs to show some signs of recovery the next few days to really move. For the bulls out there, volume is the key to look at. Bulls need new bullish movement coupled with strong volume to recover from this $21 move. For the bears, it doesn't look like a confirmed close to the short position yet, but keep your finger on the trigger if you want to squeeze out the rest of your profit from this run. Keep an eye on that RSI for any divergence in the next coming days. That is a great way to break the lower low patterns. What do you all think? Would you enter in to a long right now? -Block
BITFINEX:ETHUSD
by block21e8
BTC Needs VOLUME - What to look for!Hey everyone, BIG moves are coming up for BTC. Right now, the Market has been reaching higher highs without much loss on the daily timeframe We are forming the start of a bearish wick on the day, which could indicate a reversal for consolidation if the wick reaches higher prices without the body following through There are still a lot of bulls in this run, without much bear pressure from volume The low overall volume is suspicious, but has not followed though much either way The next few days will determine the general direction As of yesterday, consolidation was in sight due to the bearish volume, but the proportionaly large increase in bull volume early today could show another run is forming. Heavy resistance was formed last week after the large spike in price followed by massive volume, and another wave of bulls needs to come through to break that ceiling. The RSI has been able to cool off significantly on the 4 hour time frame RSI shows class A bearish divergence on the 4 hour, as lower highs and lower lows are being made, while price seemingly does the inverse. On the daily, the RSI is showing some divergence, but not as overwhelmingly as on the 4 hour. Overall, the market appears to be overbought, and a strong case for consolidation could occur. This opens up a great short opportunity. the key thing to watch for the next few days is VOLUME. We need to see investors leave the market to confirm a short, or have another wave to break that ceiling. Once a day for bear volume forms, there is a golden opportunity to reap in the benefits of a short. If the bulls catch second wind, we could use an increase in bull volume bringing price to some higher highs. What do you think? What's your "golden" indicator for this run? -Block
BITFINEX:BTCUSD
by block21e8
7
BTT Supported or not ?As we can see on the chart we are going to facing the bottom of the uptrend channel (green).The volume decreasing but this support is strong (bottom of channel , 0.382 fib , 4h 50 MA) . If you ask me , i think we bounce from there , but i don't know if that bounce is good enough to make the price break the top of the downtrend channel (red) . Stoch turning bullish , RSI Neutral ,MACD looks south. Thats all, thanks for reading. PS be lenient with my grammar not financial advice
B
by GR_Crypto
EURUSD - Bermula KejatuhanEURUSD - Kejatuhan Bermula Oleh Muhamad Firdaus bin Majid CMT Apa yang telah berlaku: EURUSD akhirnya menunjukkan bahawa arah untuk beberapa minggu ini, EURUSD sudah bersedia untuk membuat fasa kejatuhan. Setelah 12 minggu berada dalam tren mendatar, akhirnya, EURUSD telah berjaya memecahkan garisan tengah Bollinger Bands. Ini adalah signal jelas yang EURUSD akan turun lagi. Apa yang dijangka berlaku EURUSD akan melakukan pullback untuk naik semula ke garisan tengah Bollinger Bands (1.22173). Setelah itu, EURUSD akan jatuh kembali dan dijangkakan menyentuh paras 1.18755. Apa nak buat? Short kawasan 1.22173 Stop Loss +- 50 pips Target 1.18755
Short
by MATA002
Bitcoin Future DirectionThe MA is getting within 10(MA) to 20(MA) being most useful but reactive so using McGinley Dynamic as possible buy/sell position indicator...and possibly expose future direction. Considering Bear Flag Formation, if flag pole initalised, triggers the next leg which will cross over/under Mcginley Dynamic indicator ($8200) and encounter large resistance to bounce back above, I strongly believe this price area is holding the entire crash. (Trend Level ($6900).... as its "Never" been broken, why now..trader's waiting for long term buy/bargain) That should well and truly end this Crypto defining downward trend channel and lead to eventual re-test of overall upward trend channel $12000 dependent on real volume.
BITFINEX:BTCUSDShort
by CerealTrader
Bitcoin Trading Basics - Using Renko Bars and Support/ResistanceIn this Video Chart I just wanted to introduce new traders to another shiny tool they can add to their toolbox. I think for even the smaller time frame traders, looking at trend direction on the higher time frames like the daily is important to give bias to your positions. Because Renko bars are based on price and not on time this helps clear up all the noise of the ups and downs and concentrates on the overall direction of the underlying instrument being trading. Check it out and compare it to your existing charts and/or use it to bias your trades and let me know in the comments how it works out for you. *EDIT: I said in the video Renko bars are for 'Ranging' markets, but I meant to say 'Trending' markets. Ranging is when price tends to go up and down alot. However, the Renko bars will tend to smooth out the ranging on smaller timeframes.
BITSTAMP:BTCUSD
by Bonavest
10
KISS the Channel Pattern I'm new to posting my ideas here. However, after watching the market for quite a while, I believe that simplicity in this market is the best indicator. Keep It Simple, using simple pattern formations like 'Head and Shoulders,' Pennants, Wedges, and Channels will help to determine which direction the market is going from big scale to small scale, depending on whether you're a long-term or short-term trader. Indicators that I use are basically the simplest crowd sentiment indicators, but these are the simplest kind because these markets are directly a result of sentiment. There is nothing else to drive these markets. There are no earnings. There are no profit/loss statements. There's only market cap and sentiment. So if we use the simplest indicators to indicate the sentiment of what's going to happen in this Bitcoin market, we watch Bitcoin moving along in an upwards channel after a consolidation period. You can see another simple pattern forming - a pennant. And if you watch the market closely, you'll notice that the small pennant forming along the inside channel will sort of indicate that consolidation to the lower side of the channel, and this gives you a quick indication as to which way the sentiment on the market is going to go. Watch for this pennant to form and break out to the up or down side of it to give you a quick look at which way the market's going to go over the next day or two.
COINBASE:BTCUSDLong
by frogwraps
Practical Exercise - Understanding Fractal NatureMarket develops in FRACTALS. Understanding how each timeframe is developing is important in timing our trade entries. When we decide to take any trade, we now have a better understanding and expectation of our trades. Practical Exercise 1) Find an example where the two timeframes' bias are aligned. 2) Find another example where the two timeframes' bias are NOT aligned. 3) Keep trade of how these two examples develop.
Education
by KarYong
4
USDCAD Updated Analysis 4HI'm watching this one closely. I am expecting a long term sell opportunity coming. Long term in the sense that these will be positions to be held until at least mid to late 2019 and we can expect to see CAD reaching parity with USD and go beyond. Please see my Monthly analysis idea for this forecast. My analysis still leaves the possibility of one more local up move within the Daily corrective structure before the long term bear impulse begins. This can be seen in my chart as the possible E wave. I choose not to enter any Buy orders at this point since I am still expecting the corrective structure could give the signal that it's finished sooner than later. A flag seems to be developing on the Daily level that is showing signs it could collapse soon. MACD 4C also seems to indicate momentum to the downside. The next few days are very critical and will indicate if the Daily corrective structure is complete or if it will continue. Again, just monitor for now and set up alerts so that you don't miss this rare opportunity coming.
Short
by PHICAPITALINVESTMENTS