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Down-trend

Continued decline - working on past trading ideas BTC/USDTHello dear friends - I have nothing to add. We trade short and just take profit. As I wrote to you in my previous trading idea - I'm waiting for an update: At first: According to my observations, the way the market is being conducted now is the first sign of a market reversal. And the price will be updated to levels such as 36500 - 34800 -32,000 - 27000. I'm not saying that it will be right away, that it will be for one candle on a 5-minute TF - No, I only write what the market gives. It is at this stage - for me now this scenario is more priority than updating 48000-50000. Our last entry into the short position yesterday paid off. I open a new #short position from 39050 Targets: 37890 - 36270 - 35580 - 33300 Stop loss 40550 I know, this is very risky, because price returned for this level, but I again open short position, because I'm wait 28500$/Btc "I open a short position because the price return took place exactly to the level to which the price comes during the correction, namely to half of the big fall. The summarized target of which will be in the region - 32000-34000 per bitcoin, therefore, the last target will be at around 33 600. " Watch the levels carefully!
Short
by UnknownUnicorn13204076
9
BTC next possible moveWhy bearish? 1) Rejecting from upper boundary of global descending channel. 2) Fractal B very similar to A after which we got drop. 3) Virus again in action what can cause S&P to drop and affect btc. 4) Vertical volume declining. 5) RSI in descending channel. 6) Lower highs 10xxx, 99xx, 97xx . 7) Drop out from current up-trend's ascending channel. 8) Pressure from asks(used service that shows pressure from all exchanges). 9) If looking on BTC using hight TF - it seems very bearish, see related idea for details() Why neutral or still bullish? 1) Technically no lower lows for now so up trend not broken according to classical TA. 2) Hash ribbons should provide signal soon(for fans of this indicator only))).
Short
by Dmitriy0101
EUR/CAD SELL Signal on downtrend Hey traders , Sometimes is better to go with the flow , the flow is the main trend for us , In this currency pair i see downtrend continuation to the Target A - the support on daily timeframe and after math it comes the long term position which will be on the second target that i mention on my graph . So any Q i will A in comments if you agree like and comment I really appreciate it . Telegram Twitter and Web site with free members base under construction . Thank you . Good luck . Safe trades.
Short
by UnknownUnicorn3549910
EURUSD Still Trapped in a Relentless Down-Trend - target 1.17218th May EURUSD Update EUR made the counter-rally move back to the upper parallel precisely at 1.1978 before falling away again. Having failed to hold up at the 1.1910 level it is falling further as DXY continues its long-predicted rally. EUR should fall to 1.1815 and then bounce to the upper parallel again before falling away further still to 1.1721 as the month progresses. Any bounce back to the upper parallel can be still be viewed as another selling opportunity until the down-side target is achieved. Whilst EUR remains trapped within this clearly defined down-trend this pair remains a one way bet. The trend has to get broken at some point though - only then do we switch back to long again on this pair. Just not yet awhile.
Short
by sumastardon
1
Vcash VS Bitcoin - Where Is The Bottom?Vcash continues to slide down since it reached the high on the 15th of January. It has already lost 55% to the Bitcoin, but where is the bottom? The Fibonacci applied to the corrective wave after the uptrend trendline breakout shows that 161.8% levels was broken and has been acting as a resistance, that was rejected twice. As the trend remains bearish, the nearest downside target is seen at 261.8% Fibs, that is 3400 satoshis. Perhaps this could be a reversal point for Vcash, unless the support is broken, which could send price even lower.
XShort
by CryptoPAMM
Down Trend Continues - 6372 to 5307 Target*** Don't take my word for it, I'm just a rookie who studies a hella lot*** First post so a little bio: I've been following crypto for about 10 months now with only a small investment while I studied and learned more about the markets. I have dedicated several hours every day to learning various crypto projects, future outlooks, and of course, analysis. Successfully capitalized out of the ATH and threw my profits into mining as a compounding experiment. Already have broken even again despite markets being down. Now I'm starting to get confident in this bear market and looking to start reinvesting and building a portfolio for the next wave. With that out of the way I'll try to keep things brief: The downtrend is (by now obviously) going to continue longer. I started to buy a very small position around the ~8k to hedge against a upwards rebound off the 200SMA, but anticipating the support break through. No big deal, it'll be for alts later either way. Continuing down the trend I see the next major supports being around 6400 and 5300. Big, round, psychological numbers. Hopefully a good buy range. Keyword: "hope". If we get into that buy range, which I think we will very quickly, I will *consider* starting to buy in, if at the time I feel confident to do so. We'll see how volume and FUD goes in the mean time. If we happen to break through the bottom 5300 support shelf.. well.. hope you have an umbrella. "Because when it rains, it pours." Stay safe, gamble smart, and if you're in an unfortunate loss remember that a long term hodl is better than a short term panic dump. Have a good day everybody! - RECT
BITFINEX:BTCUSD
by RECTmetal
DXY Dollar Index Trying to put up a stand at 91.76 supportDXY Dollar Index The Dollar Index has fallen to the next blue line of support 91.76 after an intra-day low at 91.75. It's trying to hold here. It's still trapped in a near term downwave and struggling to escape. It's already made one attempt to escape the down-trend and is trying again now. There are pins forming below the low and above it too on the 2 hour chart, denoting conflict/confusion here. For the bulls to win some respite they need to force DXY above 91.95 and hold it there (and no lower than 91.92 on a retest once 91.95 is taken) to attract more buyers up to 92.05-92.12 range where DXY will likely turn back down again. For DXY to show it's turning back up from that point it will have to take back 92.12 and then turn 92.04 into support when tested from above. Will need to see something like this kind of price action to convince that DXY has more upside to 92.49-92.55 On the downside the next support below 91.76 lies at 91.52 with major support/maximum likely downside target at 91.02. A move below any blue line by more than a couple of pips is likely to trigger further weakness back to the next one.
TVC:DXYShort
by sumastardon
1