Down
EURNZDAs we can see since some weeks ago, the price as been respecting this area very well.
Before the market close on 22-05 we can see a breakout for the down side and a fake out right next. We can see that is a fake out because the price came down again.
And now is expected a nice retest and a clear confirmation for the sell oportunity.
A good Stop Loss with around 30 pips can be good here.
#Apple - Possible Double topFIrst dig at Stocks, looking at possible double top, i still don't think we are out of the woods yet, worse is yet to come so it should affect amazon as well.
RIsking only 1% with this as i am still noob with stocks, next few weeks i will get to know how TA is affected by FA :)
#Bitcoin Scalp short - head&shoulderRisking a small scalp short on BTC, i want to short higher tbh but taking this one as well, if works it's good r-r
if you are not risk taker then wait for right shoulder to form & then short instead of jumping the gun, i am adding small position here, if it all goes well will add bigger position on right shoulder :)
WORK / SLACK UP? or Down? im hoping its going up - I failed to make a trade after it falled today, but I really think the technicals look like a keeper, Id like to exchange ideas... I think this one has been and will continue to be slow, so maybe it will go up mid next week... Whats your thoughts
BSV. Am I really wrong not to buy now?I was about to buy, but I forced myself not to buy. I took a hard look at the market and I asked mySelf ‘is it safe to buy a long position at the current high?’ Because buying dips is my plan. Relative to my perspective we are at a high. It might go higher, I accept that. But for the current period this is my high. I have BSV from long ago, but I’m looking to buy more before the price never returns to these 100-200$ prices.
BTCUSD, 60 - Where's it Going?This has to be a quick update as I think the price is IMMINENTLY about to explode, one way or the other. We've got an almost perfectly symmetrical triangle formed on the 1h chart after the big run-up the other day.
This generally means confusion and un-certainty within the market and analysts can struggle at this point to know which way the move is going! It will break out, it will break out very soon. Up or Down is anyone's guess!
If we had to call it - we'd go Long at this point, based on two factors, the fact that the recent general trend is Bullish, and with the halving approaching quickly many people are going to be jumping on the Bitcoin wagon! Simple supply/Demand!
Good Luck & Happy Trading!
-theCrypster
Where is BTC Going After that Surge?Hey all - That was quite a dramatic last few days, luckily we had Long positions both on our Daily Tipster and Intra-Day Scalper! Plenty of green for us with Bitcoin, Ethereum, Litecoin and ETC! (We missed DASH - but it hasn't gained as much anyway!)
So let's look at the King of Crypto, Bitcoin, where's it heading now? Carry on up to $9800, $10,400? Or back down to $8000 as if nothing has happened! Is this the start of the Bull Run we've been waiting for? Or simply reverting to mean after the big drop experienced at the start of March? The gains could also be an Organized FOMO Rally by big players, tempting smaller traders in using the Halving as a catalyst/panacea to their trading needs; only to wipe them out with a big drop due to over-extension and not enough genuine support.
Who knows? We can all speculate about where the price is heading next, we still believe we're on for $11-12,000 by the halving in early-mid May, and given what's happened in the last 48 hours - we're getting closer!
From here, we can see the price of BTC tickling $9,000 for a good few hours, maybe even a day or so. From there we'll be looking at a quick rise to $9800 - or a sharp fall to $8200. We're just not sure... what do you think?
Good Luck & Happy Trading
-theCrypster
USDJPY - After the calm comes the storm - Breakout ideaHi Traders!
As you can see the market is in a downtrend.
The market is respecting the trendline which is coming from above.
The second area the price gives value is the support at 107.300.
The third thing you should consider is the 200 EMA, which is also above the market.
In addition, the market is in a consolidation - ranging in the 1H timeframe.
The support is getting weaker and weaker.
Why? Because: The more the price tests a level, the weaker the level gets!
How do we know there is calm in the market?
If you look to the volume indicator at the bottom of the chart, you'll find out that it is decreasing.
If you weigh out all these information together, you'll get the result, that the market is shortly before the breakout.
We recommend to sell the breakout with a confirmation (retest).
Thanks and successful Trading :)!