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EOS/BTC - ready for a drop?EOS/BTC has fallen out of the range and presents a good opportunity to short. Target 1: 0.00080 Blue triangle indicates the current range. Anything falling outside of the triangle is considered a breakout/down. Red box is sell. Red line indicates t/p. This is not financial advice. All charts shown on my page, including this one, are just for fun. If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
Short
by Halams
2
but but... they said Bullrun???!! ThEy SaiD BotTom in! wink winkLast bullrun went from 300 dollars to 20.000 dollars in almost 2 years. Only reason that it pumped that high is due our dear sugar daddy BITFINEX. They printed shitload of tether and kept buying BTC's. In combination of the crazy ICO run that people invested millions in worthless and useless tokens that are almost all down 95%. When the pumping ended and the dumb money retail masses invest at 20k it became clear that BTC would enter a bearmarket. 6k became the support that held for many many months. Once it broke we dumped 50% in couple of weeks. Now Bitfinex has the claws of NY AG around their neck and their cold wallet is moving money out like crazy. ICO's are basically dead. the main 2 catalyst that pumped the price to epic highs are "gone". Thinking bullrun will start now is stupid and doesn't make any sense. I ask you what is the reason BTC will have massive bullrun? real world usage? adoption? please dude wake up. People like Willy Woo, David Puell and Murad telling us the bearmarket is over cus they invented some fancy looking indicator that predicts the bottom. the point is that BTC only has 2 previous bearmarkets. there is simply not enough data to check if the fancy new indicators are accurate most of the times. and of the 2 previous bearmarkets there is only 1 bearmarket that is almost similar like this current market. Rather trade what the charts are telling you now instead of comparing every piece of charts to 2014-2015 bear markets. Basic rule: Don't long resistance and don't short support. Ogaah boogah blah blah WhAt?? look at charts we are at major Resistance. I think we gonna see lower. Short it. close some at red box and short again when it has deadcat bounce. keep shorting the shit of it until there is a flat phase of accumulation and the biggest bulls are turned into steak.
BITMEX:BTCUSD.PShort
by EzCLAP
3
Bitcoin's Previous Beark Market and it's SimilaritiesWe are about 500 days into the bear market now and I thought it would be fun to record the similarities between the current bear market and the previous one. Below, we may see what the future could look like. To start, we can see the bottom of the previous bear market was almost 87% less than the all time high compared to the current 84% bottom. Both times it took about a year to get there. (Show in the chart above.) Below we see on July 9, 2015 (one year before the bitcoin halving) price had rallied to the 50 week moving average (red line) then subsequently fell by 34%. This was the last low before price rallied to the halving date. Now, keep in mind history will not repeat PERFECTLY . Recently, price rallied to the 50 week moving average on April 23, 2019. This movement is very similar to the previous one albeit a little early if we are considering the "one year before halving" prediction. We also notice that after price bounced off the 50 week moving average it fell down to the 200 week moving average (blue line). I find it very interesting that the 34% decline in both scenarios line up with the 200 week moving average closely. So far, the symmetry is uncanny, to say the least. I feel like, until we see a major deviation in this pattern, we can expect a similar outcome. I am expecting one more drop before we see a significant rally. I will be looking for bullish news leading up to the drop. If the majority of traders are usually on the wrong side of the trade then it would be reasonable to see a lot of talk about bitcoin being in a bull market and that price could go to $X,XXX. The price retraction should catch people by surprise. On the other hand... Some things are different this time around. People are more aware of bitcoin, it's halving, and it's 4 year cycle. As well as the new option for short trades. I'm still trying to decide how these factor in. I am still bullish and I am still expecting a retraction in the near term, but unsure of how great the upside will be. As of now, I am confident price can reach $10k. After the halving next year, I won't be surprised to see price between $30k and $50k, but I am unsure the likelihood of that outcome due to the ability to short sell now and the upcoming economic downturn/ global financial crisis. I am curious about your opinion on this analysis. Please leave a comment about your thoughts on how short selling and the upcoming crash could affect the future of bitcoin. As well as any thoughts on how greater bitcoin awareness will affect it's future price. I can see both sides and am interested in gathering opinions. PM me if you do not won't your comments public, I would still like to hear from you. As always: Not financial advice. Always do your own research.
BITSTAMP:BTCUSD
by AnotherAnalyst
IOTA USD - Bearish Symmetrical TriangleIOTAUSD should take us lower (minimum 40%) going to complete a Symmetrical Triangle. We broke our longterm RSI support which coincides with the breakout of the triangle. Weekly 21 EMA was already rejected IOTABTC should also take us lower, but here we could soon have good RSI wedge support at 0.00004517 where I will look at possibly longing IOTA depending on the look on the day of the touch. It might touch the region with a TD Countdown 13 on the same day. ~20th of May could be interesting.
BITFINEX:IOTUSD
by Thierry88
WBA: Strong bullish technical set-upThis stock (WBA) offers a very nice entry opportunity. It has been falling over the last days, mainly due to earnings report. Despite earnings beating the consensus , the stock dropped 12 percent in the pre-market. Nevertheless this company is still doing well and there is a potential for a long -term trade or maybe even for an investment. WBA is currently falling to the red area, which is a strong S/R area. So i guess there might be a very big bullish volume at these levels. There is also upward trendline and this stock has some potential to perform very nicely afterwards. BUY ZONE: Red S/R area -> 51.70 - 45.00 USD This is just my point of view, and it doesnt represent an investing advice. You trade on your own risk.
NASDAQ:WBALong
by SlovakTrading
USDEUR IS OVERBOUGHT A DROP IS COMINGUSDEUR has high probability to drop, reasons: Overbought (Yellow) in 85m 2H time frames indicated by "9 Seasons Rainbow Multiple Time Frames Pattern PRO" Indicator; RSI Divergence Previous Resistance: 0.892 Previous ascending channel has been broken. Target 1: 0.884 Fib 0.618 Target 2: 0.881 Fib 0.382 Target 3: 0.873 Fib 0.236 STOP: 0.893 Some factor that against this idea: 1H Crazybought (Lime) means Bull has just overcome some resistance and is still strong, this may keep them longer on the possible Top. DISCLAIMER This is only a personal opinion and does NOT serve as investing NOR trading advice. Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Short
by go8686
GOLD SHORTThis is a simple analysis that I've put together for Gold, price is rejecting at key level where price rejected a few days ago and we are are also currently at trend line resistance. The MACD Indicator is also very close together and looks as if a crossover is going to take place but this we cannot predict. I'm expecting gold to drop down to around the 1290.00 level and either break through and continue dropping to around 1280.00 or perhaps find support and continue rallying upwards.If we see a breakthrough of the 1302.00 Level I will be looking for buy opportunities at the retest. I'm new, please like to help me gain reputation points!
FOREXCOM:XAUUSDShort
by Ali_EltomFX