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Potential 4hr chart falling wedge confluence w/ h&s drop targetThe current price action is starting to form a potential falling wedge on the 4hr chart...interestingly enough the apex of that potential falling wedge is at the exact same point as the drop target from the 4 hour chart head and shoulders pattern we recently broke down from. I find that confluence very interesting and something that gives more credence to this four hour wedge being legitimate. However with such a big support line as the weekly 200ma just below I'm not gonna be trying to do any limit sells or even shorts here because that support could easily bust us up out of this pattern logn before it reaches the wedge apex/h&s drop target. For this reason this idea will be left neutral.
BITSTAMP:BTCUSD
by DrDovetail
6
ZRX/USD BEAR FLAG AND RSI SHOWING PRICE DROPZRX / USD looks to have a bear flag on the hour chart. As well, the price is at the top of the Bollinger band currently, and RSI is showing it is reaching the 60 range which has been a common bounce to the lower end of the RSI recently. Looks like we might move to the bottom of the downward channel(Blue Lines). I am very much a beginner and just want to make observations and learn from them! My simple analysis is for fun and learning, please do not make trading decisions based on my observations - like I said I am just a beginner. Thanks so much for reading my analysis, please follow me and like my post! - Max K.
COINBASE:ZRXUSD
by MaxKoke
Bitcoin's Volume Profile: A study of Volume-At-Price AnalysisThere are two ways to analyze aggregate volume on a chart. VPA (Volume Price Analysis) and VAP (Volume At Price Analysis). Traditional VPA displays the gross volume traded at a particular time frame via a vertical historgram. The second approach, VAP, is often labeled as a Volume Profile. Depending on how the data is compiled, Volume-At-Price is calculated per tick or is merely a representation of the number of bars/candlesticks that are present at a particular price range. This tool has evolved over the years to include more advanced forms of the Volume Profile such as the Market Profile (Time-Price-Opportunity) - not available on Tradingview. Regardless of the type of VAP used, the principle theory is the same: Empty spaces (low volume nodes) between high volume nodes behave in a volatile fashion. Think of price moving into these low volume nodes like a vacuum - price gets 'sucked' into and through that empty space swiftly. And on Bitcoin's chart we can see that price is sitting in a zone that is very close to a swift drop zone through the low volume node below, until it finds support around the 2500-2800 value area.
BITSTAMP:BTCUSD
by itsjustanalysis
2
NZDCAD | Opportunity for low risk short.NZDCAD has been trading in a descending channel on the daily chart for some time. After failing to reach the descending trend line at the top level of the channel price has steadily declined and broke below 0.9100 support. Price is now treating this zone as resistance and we've seen a slow down in momentum. If price declined to the 0.89150 support we would go short upon a break & retest of this level. Alternatively we may see price increase to the descending trend line before dropping. Either opportunity sets us up with a low risk short trade.
Short
by JallenForex
SPX Monthly Chart AnalysisAfter dropping from the current bull market Trump announced that we were only but experiencing a glitch in the market, suggesting the bull market will continue. However I disagree with that idea, although I do admit that the sentiment has become more bullish on the recent days I still stand bearish on the market. My reasoning being that the market had been overvalued for a long time and had to collapse eventually. This came true last year and with the knowledge of Elliot Wave theory one knows that a corrective move has 2 swings to the downside. Currently price is heading to the next resistance but I believe that price should soon push lower.
SP:SPXShort
by DarkMessiah777
NASDAQ ANALYSIS 27-12-18Nasdaq showed a crazy 5% drop before Christmas and an insane recovery soon after. I have mixed feelings about this. A lot of mixed signals are coming from this market and it is really hard to determine what the next move will be. Eventually we are in a big correction wave on the long term trend that could easily turn into a new bear market wave after breaking some important trend supports. However, I don't think this will happen that easy. This drop caused nasdaq to drop under a very important support line which can also be seen as the 0.618 FIB support. That one turned into a resistance and the 4% bounce stopped there. For now we are bouncing between 0.5 fib and 0.618 fib which is also a very big resistance. I expect this down movement of today to continue for a while. Maybe some more red days where we might test the 0.5 fib support and long term trend support again. But it is so hard to tell due to the heavy volatility. Be careful trading.
OANDA:NAS100USD
by Aurelius222
NEO facing troubles NEO is under threat of falling below $17 in the latest market downturn, which would effectively wipe out all gains since August 2017. The asset peaked at $196.85 on January 10 as the first days of that month coincided with an apex for the entire crypto market. But there are reasons specific to NEO that may be causing the slide. NEO was meant to resemble Ethereum in that it would be required to make projects run. But the network actually uses the GAS asset to move tokens, so there is no direct demand for NEO. Additionally, ICOs still prefer to collect Ethereum, Bitcoin, and, lately, cash in US dollars or even euros. NEO is simply not as popular for fund-raising. The additional trouble is that there are not enough airdrops. Barring the high-profile airdrops of Ontology (ONT) and RedPulse (PHX), as well as a handful of other projects, NEO has not enjoyed much popularity on that front. A few airdrops created extreme hype and demand for NEO, but the mood changed later, and a simple airdrop does not inspire more buying.
BITFINEX:NEOUSD
by kris_pad
Don't PanicBased on my analysis: In my previous post I was saying the price was about to go down again. That was the case, and really abruptly. I would like you to remember all the horizontal lines I've drawn on the graph here. These are keypoints to the Bitcoin moves. The price is doomed to fall down 5000, but people will fight against that. The price can go down until 3838 USD in the worst scenario, and even less, but I've stop checking below (too much fear, seeing below). What I see : there will surely be a battle field between 4750 -> 5365. But immediately, the price should soon decelerate its rally down. but it will continue again, soon after. It'll be a Bears' pause. In the S4 Mirror indicator, we clearly see the bulls lost the game. This can really be seen on a one-hour graph : greens floated 3 times in a row (=not cycling)), then things came back to normal, and immediately after that, a huge drop occurred. That's a move I've talked about in one of my previous ideas. On a 4-hour graph it's less perceptible. I wasn't much online to report this in time. But there is a hope. First hope (but small), the value in S4W/Normalizer is about to cross under 2 lines, these lines are kind of "brake strings" for the fall. it's soon to come. So the drop will pause a bit. Surely in the coming hours or day. That's due to the psychological 5K barrier. That barrier will be breached down anyhow. But it's not the end. Second hope, which is a bit far, is the fact that we are still seeing a "calling candle" at 7788. So it's not the death of bitcoin. It's an "archer's effect" that is happening for me, but it's a really critical one, since there is a lot of panic already. And that panic is tending the "archer's string" to hard, will it break due to all that tension, let's hope not. If it doesn't break, we will see an explosive up move to 7788 and above, and that will make a real rally up for Bitcoin, since people will have faith in an uptrend. There is still too much indecisions though. More analysis needs to be performed. So for now, I see the price should battle between 4750 and 5365 a bit, with some still uncertainties. Who will win that battle on the field? It's too early to say. PS: Don't take my words for granted. Analyze, re-analyze, then trade at your own risks. PS2: If you like this analyze, please click the LIKE button. FOLLOW me also to get my latest ideas. Thank you.
BITFINEX:BTCUSD
by Atemak
1