Drop!
BEWARE of ETH supportlevelsWhen will ETH rise 2 the moon again? We al think it will rise again! but...
Buy ETH when hit lower support levels & watch for reversal patterns in this beartrend. The support levels are a good indication where the market is going when it follows its current trend.
Follow me @tradingview for more analysis for warns & signals for bears... cuz we all fear them!
IMPORTANT! Death Of BCH!!!Burn scamcoin!!!
Coinbase should be a shame of themselves especially after being on CNBC over and over last week touting
how professional they are and want to be the NASDAQ of cryptos.
My message: In my humble opinioin "THIS WAS UNACCEPTABLE AND DOWNRIGHT CRIMINAL!
In any regulated environment the SEC' would be at the door this morning! They lacked professionalism,
preparedness, and were criminal using the market to profit from their foreknowledge (in my opinion).
There needs to be an investigation period!
This hurts the space as a whole; we expect it from others not from you!
How the release should have been done.
1) The announcment should have been done on CNBC and several other news agency AHEAD OF TIME!
2) The first day or so there should have been NO TRADING with wallets only to be used for access into not out of!
3) The first day of trading should be monitored with circuits ready
4) Be prepared to act not react!
Coinbase COO Asiff Hirji should be fired!
BTC 1 month chart prediction, multiple reasons/argumentsBTC will is creating a Shoulder-Head-shoulder patern.
On mid-long term BTC will follow this trendline in my opinion.
Multiple reasons are listed for bullruns and drops.
Some of these reasons are the listing on the stockexchange (18dec) and the new "weak hands" it will bring allong.
Also worth mentioning is the fact that people are getting a christmas bonus.
Some people will use it to buy the new "trendy" bitcoin.
Keep in mind that this also happend with gold and silver after they got mentioned on TV.
After this "Dip" BTC will rise again, I don't expect a real crash, just a small correction after the 1700% gain this year.
For long term investors (+2-3 months hodler's) there is nothing to worry about, just buy some more in the dip if you want to triple that money in a few months.
AUDJPY will drop offEsto es lo que estoy esperando en AUDJPY; la formación de la onda C, y la caída hasta el -27% de Fibonacci. Colocaré un Sell Limit en el nivel de 38,2%, y un Stop en el 61,8%. Todavía falta por ver esta semana, para dónde se mueve el precio.
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That's what I'm waiting for in AUDJPY; the C wave formation, and the fall until -27% Fibonacci. I'll set a Sell Limit order in 38,2%, and a Stop Loss in 61,8%. I'll see this week where the price is going.
Possible targets for USDJPY Dec' 2017After seeing increasing selling power on CHFJPY early November I researched the source and discovered that all major currencies were working something out, similar to one year before. Quite quickly it became clear that a similar series of event would take place in the next 4 to 8 weeks.
The currency pair USDJPY seems to be leading the series of events by moving first. Last year the US Dollar lost substantial value against the Japanese Yen and all correlating currencies were affected. Lots of opportunities to milk the market.
This year started with similar drops. Each drop is also pre-ambled by what seems to be an algo stop hunt. See my previous idea on this subject. Not all of the drops have stop hunts but I may have overlooked a few because they are not always as obvious and they often cause the price to rally just after having dipped just under a support level .
Then a unexpected trend reversal on November 27 UTC. The following drop of December 1 UTC was within 6 hours reset to projected level up from where it dropped, only to rise higher to 112.8 and then 113.6. I expected 112.8 to be the maximum value for the price to climb back to but it surprised me with 113.6.
With this new information I came up with 4 possible outcomes;
1) The price continues to rally to hits resistance at 114 with a chance of breaking through to continue to rally to heaven.
2) The price continues to follow its underlying trend and hits support at 106.
3) The price continues to follow its underlying trend and increasing selling power pulls the trend down towards support at 103.
4) A price crash is caused due to increasing selling power. Buyers abandon only for the price to then snowball down and break all support levels up to 98.
USDJPY DROPThe bias of the bearish momentum is now back in motion. I have plotted all you need to know on the chart. head and shoulders. broken through a previous support region.
I recommend you [ b]hawk the 4 hour chart and wait for a strong reversal candle once the price action reaches the baby blue ray i have plotted as that is what i will be doing .
Don't let greed consume you.
Make sure to trail stop and change it often reasonably.
Watch out for any trend reversals, fib retracements etc.
DAX testing support zoneFor the last few days we are observing on DAX a strong fall without correction. On session in November 13th price has touch support level and bounced up for near 150 points and drew bullish pinbar, but this didn't stop further price dropping. Today price has tested once again support level and went lower where buyers came out. This could beclassic hunt for stop loss characteristic for DAX. Question is if big players bought there? If yes, than we could see on the next sesssions defense of this level. This could be a good opportunity to open buy order. Looking for a bullish pin bar of November 13th which was negated we will wait for more signals to buy. If support zone at 12900-12960 will not be defended, price could drop at least to 12500 - 12300.
LTCEUR 30min - coinbase - thoughts on recent price boostAfter yesterday's increase in price, LTCEUR has dropped to a 1.6 fibb level, below the initial support level. It then tested that resistance and failed to break it. Does this mean LTC is about to drop even lower or will it continue the path we saw yesterday? Let me know your thoughts. Any questions/comments are much appreciated!
Cheers!
AUDUSD back to support levelAUDUSD unexpectedly turned at 0.7880 and is going back to support level near 0.7750. In our previous analysis we have expected that price will go at least to lower boundary of resistance zone at 0.8840 but that did not happen. Price could break support level and go lower. In this scenario we are expecting that price back and test broken support level (this will be resistance level and there will be a good opportunity to sell) and than go lower. Of course current price drop could be only Stop Loss hunting before the price will go upper, so we will be watching carefully price action at support level.
EURUSD case study after fomc 2 day DROPPING - OVERBOUGHTI have been follow fomc event and after trade and it is very interesting of seeing how change it process each day
but i will say that it is mostly ending up trend according to the slowly pace in this morning
most likely move this is the highest high or if it higher I think it should not be more than 100 points the most
as the previous high 1.19600 is the highest high OR
if people are more crazy to buy more at overbought price it can be 1.19700 the max
now, today you will see the drop whole way
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Enjoy trade