Down
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
#EURUSD - Possible Bearflag as wellPrice rejected at .618
the trend is bearish looks like we will continue if H&S idea works out
then I will just keep moving my stops for the bear flag targets
#DYOR
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 :)!
DAL *UPDATE* Second Bull Confirmation Coming the 29th?NYSE:DAL We'll see. Maybe opportunity to buy or add to position (average down).
GOLD ShortThe price has broken through the level.
Now I'm still expecting a pullback of gold to the level of support.
NZDUSD down and upYesterday the price reached the resistance line,
now I expect it to return again to the support line and again up
#Bitcoin Final Ascending TriangleI knew we were inside an ascending triangle but smaller timeframe moves are really full of wicks
finally went on daily TF to chart this & picture can't be more clear
What do you think will it break up or down? leave a comment ;)
either we break up from here or down, wait for the retest before entering just how we did for ETH -
waiting for a retest is hard when price is moving & you miss on the initial gains, but that is the safest bet!
if you are a risk-taker then you can enter a short here but your so will be above 7500
I see possible double top here as well, no diversion on charts yet
I will keep updating timeline with possible trade
you can also use Leverage on Bitmex - FTX or bybit to multiply your profits but remember Leverage Trading is HIGH RISK So is Crypto trading & that's why I am legally obliged to say
#DYOR
remember I am not a financial advisor & this are all just my thoughts :)
make sure to leave a comment & if you agree then hit that thumbs up
Do not forget to check out other ideas & do share it with your friends :)
BTCUSD DOWNUntil the price breaks the resistance line 7211.
Only one is expensive - DOWN
Your thoughts?
EURUSD And still shortThe fact that the price was on the resistance line for some time and still went down shows us that there will be a tendency to decline.
Therefore, I expect EURUSD to decline.
Short on #GOLD once againJust look at that weekly candle close & tell me why you want to be long on Gold rn??
BTCUSD ShortNow the price near the upper resistance line is the upper line of the channel.
In addition, the trend is falling.
I expect a downturn and the breakdown of the nearest support line
BTCUSD BreakdownThe price is now on the resistance line.
I expect BTCUSD to break through the nearest support line and drop to the lower support line.
BTCUSDT Following the trend with Super Trend , Macd and a personal Indicator, all these are are aiming to 5800 on the long run, of course We will have good entry points (shorts), but the market is def bearish, the most considerable moment to buy short is the lower green buy zone, that can easy produce some % profit, so what to think about current situation, to me is just a bull trap. on the picture you can see the movement of the market on 30m periods, be careful with that upward movement.
Bitcoin DownBitcoin is now near two lines.
I still expect it to crash to the lower support line of 5788.
USDCAD descending triangleWell after a massive move from 1.28 to 1.46 is time for some retracement/correction so a perfect oppurtunity is here wait for a mini bounce and you can enter on a short position from around 1.40 with a good risk-reward.
Dow Jones - the overwhelming truthHello friends,
I hope this finds you well.
Dow Jones is currently rebounding from last month.
It appears to be playing out a very familiar pattern of 08-09 crisis.
I believe we will see 2nd wave down.
The Dow shed 6000 points in the financial crisis 08-09.
Right now with the amount of fear in the market I wouldn’t be surprised if we 2x that of what occurred in 08-09.
Happy trading friends -
Disclaimer- this is NOT financial advise- it’s pure chart speculation.
Spy - Going for wave 5Hello everyone, as we can see we have huge unemployment numbers in America, because of the virus, so we will most likely see that number increase. This means that we will most likely see another wave down. We have made perfect 4 waves, so now we have the perfect set-up for wave 5 down. We have also just bounced from the bottom of the channel that we have formed, so all those 3 signs lead me to believe we will drop to around 200.
Bitcoin --State of Things On the 4-hour time frame, bitcoin is getting squeezed between the 21 day ema and the 200 ma. On the hourly time frame, a pattern which looks to be a symmetrical triangle has formed. If bitcoin could break through the four-hour 200 ma, that would set up a potential golden-cross.
On the larger time frames, bitcoin is in an ascending channel, ranging for now.
More bearishly, price could be forming a bear-flag pattern on the weekly. I'll keep you updated on that and speak more about the long-term-outlook soon.
Its not over. Next leg down in stocks comingI expect to see stocks make their next leg down and soon.
Month of April 2020 if not in the next 2 weeks.
Targets are the boxes. I think we'll hit the at least top two orange ones.
Target 1: 18169. A retest of lows.
Target 2: Fresh low. Dow 14,708
This is my target for a (dead cat?) bounce.
Based on the data, currently available, I would put some money on 14,700 being the bottom. Maybe 30% allocation here.
If 14,700 fails to hold, we are looking at 11,246 or even 6,319.
6319-7400 would be the buying opportunity of a life time.
Assuming anyone still has dry powder by then.
USDCAD short After a massive rally to the top we saw a rejection and a triangle formation that was eventually broken and now it's support is tested.
If the price is rejected we can easily enter in a short position with great targets.
I personally think that the price will be rejected and it will go lower to my targets.
- CryptonikLion
