Exchange
USDJPY EXTENDED OUTLOOK (SHORT) USDJPY SHORT
AS YOU CAN SEE ON THIS CHART I MORE SPECIFICALLY PAINT OUT A PICTURE THAT THE MARKET IS SHOWING ME ITS STARTING TO FORM. YOU CAN SEE THAT THE BIG PICTURE IS A SELLER THAT CAUSED A VERY SIGNIFICANT DROP IN PRICE FOR MONTHS. PRICE HAS BEEN RECOVERING IN A PULLBACK LONGER THAN IT TOOK TO DROP! MARKET HAD DISPLAYED A PEAK IN THE PULLBACK BY BUYERS DYING OUT AND SELLERS COMING IN. MARKET IS SHOWING A NOW LOWER HIGH (LH) AND LOWER LOW (LL) SEQUENCE. KEEP AN EYE ON THIS PAIR FOR WHAT THE NEAR FUTURE MAY HOLD!
USDCHF POTENTIAL SHORT OPPORTUNITY (4H & 1D)USDCHF POTENTIAL SHORT OPPORTUNITY.
SO IT HAS BEEN AWHILE SINCE I HAVE MADE A POST ON HERE AND ITS FOR GOOD REASON. THERE HASN'T BEEN MANY GREAT LOOKING SWING SETUPS! I HAVE BEEN PRIMARILY SCALP TRADING THE NY SESSIONS IN THE MORNING CATCHING MY PIPS THAT WAY. AS I WAS DOING MY PRE-MARKET ANALYSIS THE MARKET HAD SHOWN ME A DECENT LOOKING OPPORTUNITY ON USDCHF CURRENCY PAIR. AS YOU CAN SEE BASED ON HISTORICAL DATA THIS PAIR IS SITTING AT A VERY SIGNIFICANT PRICE LEVEL. THIS WAS THE LEVEL THAT BACK IN THE PAST FEW YEARS WAS AFFECTED BY CHF LEAVING THE UNION. THIS CAUSED A SHARP DROP IN THE CURRENCY VALUE AGAINST THE USD. PRICE HAS BEEN HOLDING AT THESE LEVELS FOR YEARS NOW SHOWING ME THERE IS STILL IN INTEREST AND MEMORY OF THAT PAIR DROPPING. GOING DOWN TO MY LOWER TIMEFRAME CHARTS CONFIRMED THE BIAS OF A POTENTIAL SHORT BASED ON MOMENTUM ALONG WITH THIS STRUCTURE. LETS TAKE A LOOK.
1D CHART:
*on this timeframe price is sitting at recent significant structure levels
*there had been a strong seller push on the daily leaving a bearish engulfing candle as well as its most recent candle leaving a large wick/rejection to the upside
4H CHART:
*on this timeframe this pair is displaying a failure to make new highs with signs of buyer momentum dying out
*sellers are stronger than the buyers and are causing a 100% rest for every up move
MY BIAS HAS BEEN CONFIRMED WITH THE PRICE ACTION THAT THE CHARTS ARE SHOWING ME. KEEP AN EYE ON THIS PAIR FOR GOOD ENTRY AND EXIT TARGETS. ALWAYS REMEMBER TO NEVER RISK MORE THAN 2% OF YOUR TRADING CAPITAL PER TRADE. NO TRADE IS EVER GUARANTEED TO GO IN THE DIRECTION YOU THINK.
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BTC Analysis - Long & ShortFrom this point onwards, BTC is most likely going to come into contact with the resistance at the falling wedge and go down to the support of the falling wedge.
The only possibility of BTC overcoming this falling wedge will most likely only come when the falling wedge crosses $3170 support line. Then, it will only have enough support to break through of the falling wedge and possibly have another contact with the $4045 resistance line.
Buy or sell opportunities are present when prices of BTC comes into contact with any support of resistance as stated below
Crucial Support
Support of falling wedge
$3170 support line
Crucial Resistances
Resistance of falling wedge
$4045 resistance line
selby_exchange - BTCUSD - Selby Bitcoin Price Analysis - $2915New price/time prediction system of extrapolation based on decoupled EMA's and a hybrid linear regression with sidechain MMAR
COINBASE:BTCUSD Price target $2915 on 02/24/2019.
Selby finding creative patterns in charts on Tradingview!
Not advice for investing lol, but I am one to watch ;)
Rebellion=Change=Future
Humanity Love Inclusion Autonomy Respect Opportunity Truth Veganism Singularity
selby_exchange - BTCUSD - Selby Bitcoin Price AnalysisNew price/time prediction system of extrapolation based on decoupled EMA's and a hybrid linear regression with sidechain MMAR
Price targets $3240, $2919, $2620. $2170, $1627 and $1252, no timing on these however I could see most of these targets hit by April.
Selby finding creative patterns in charts on Tradingview!
Not advice for investing lol, but I am one to watch ;)
Rebellion=Change=Future
Humanity Love Inclusion Autonomy Respect Opportunity Truth Veganism Singularity
selby_exchange - BTCUSD - Selby Bitcoin Price AnalysisNew price/time prediction system of extrapolation in Baseline based on decoupled EMA's and a hybrid linear regression with sidechain MMAR
Price target $3061 for 1-15-19 with resistance at $3929 and wick support at $2603
Selby finding creative patterns in charts on Tradingview!
Not advice for investing lol, but I am one to watch ;)
Rebellion=Change=Future
selby_exchange - BTCUSD - Selby Bitcoin Price AnalysisNew price/time prediction system of extrapolation based on linear regression and EMA .
Looking for BTCUSD on Coinbase to hit between $2800-$2500 by 12/28
Selby finding creative patterns in charts on Tradingview!
Not advice for investing lol, but I am one to watch ;)
Rebellion=Change=Future
the 1day is showing support at the $2800 zone on 12/28 so it may be difficult to drop below that level until a later date
the linear regression on the 1wk is still very bullish
NEM (XEM) re-listed on Coincheck exchange____ Click "Like" to help NEM rise ) ____
NEM is a dual-layer blockchain similar to Ethereum but written in Java, that is one of the most popular computer programming languages. Launched back in 2015, the NEM mainnet supports multiple ledgers on its cryptocurrency layer, and the NEM Smart Assets layer supports mosaics to represent any store of value. NEM’s proprietary crypto coin is XEM, which is harvested (mined) using a Proof-of-Importance algorithm. Its the Smart Asset System that makes NEM so powerful. Nodes on the NEM blockchain process API calls, which makes it easy to develop for, whether the dApp accesses NEM’s API directly, through a server, or in the background. In short, NEM built a blockchain-based cloud platform with a NEM Infrastructure Server (NIS) made of secure, decentralized processing nodes on one side and a client side, like the NEM Community Client (NCC), which acts as a gateway.
Back in January 2018, Coincheck suffered a malicious hack, where thieves managed to steal approximately $520m worth of NEM. It was the most expensive theft on a cryptocurrency exchange as compared to the Mt.Gox theft, $450 were stolen. NEM stopped tracking the coins in mid-March after concluding that enough data was provided to local law enforcement to conduct a full investigation. Coincheck responded to the hack by refunding the 260,000 affected users in JPY from their own capital. Such decision to refund was taken very positively by cryptocurrency community and recently, on the November 12, Coincheck announced the resumption of trading for XEM coins.
Quote of an announcement:
“ resumed new account opening and payment/purchase of some virtual currencies on October 30, 2018,” the exchange announced on their website. “With regard to ETH, XEM, and LSK, technical safety confirmation has been completed with the cooperation of external experts and we have resumed payment/purchase of the virtual currency from November 12, 2018.”
After the re-listing announcement by Coincheck, price went straight up, while NEM gained over 60% against the USD. Price tested the $0.15 high, but then immediately corrected back down. Currently XEM/USD is trading at $0.094, after rejecting the 61.8% Fibonacci support. Although the spike below the support has been produced, it managed to close above. This might suggest the strength of the XEM coin, and as long as support holds, price is likely to increase.
However, considering the collapse of the Bitcoin, NEM also remains in the risk territory. Further decline towards $0.086 Fib support, or even down to $0.08 psychological support is to be expected.
Selby Bitcoin Price AnalysisNew price/time prediction system of extrapolation based on linear regression and EMA .
This call has two different lows first $5967 and then $5561. If we go below $5686 on the 1day we will be on our way to new ATH's if not we can expect more sideways action for the foreseeable future. The call ends at $6484 on December 3rd.
It is interesting that most everyone thinks 6K is so strongly supported and the bottom is already in. The BTCUSD instrument has hundreds of millions of dollars sitting and waiting at 6k so I understand most peoples ideas about that being the bottom. However in order for BTCUSD to have another true bull run, sentiment must turn negative first which it has not done yet from 19k-6k, so when it falls bellow 6K then we will see tons of FUD and bad news on the internet, only then will we get our next big bull run and it will turn fast!! This call will be invalidated if we pass $6780 on the 1day.
Selby finding creative patterns in charts on Tradingview!
Not advice for investing lol, but I am one to watch ;)
Rebellion=Change=Future
Cardano (ADA) will become the base currency on IronX exchangeEmurgo and Cardano formed a partnership with IronFX - forex exchange platform. The reason for this partnership is to crowdsource raise $22.3 Million in a private sale, to build a new exchange by the end of 2018 - IronX. Emurgo is a parent organization of Cardano, that has announced its’ plans to use ADA token as a base cryptocurrency in the IronX exchange. a new exchange.
twitter.com
“IronX is a fully regulated and supported exchange for crypto investors, online traders and ICOs. Created by global leaders in online trading the IronFX Group and Emerge HK, creators of Cardano and ADA Coin, IronX represents a new era in online trading.”
The vision of IronX is to build a crypto exchange that is created with the traditional trader in mind. This is why they are trying to merge the best in traditional trading from IronFX, with the best in crypto Emurgo HK, to create a world-class crypto exchange.
Traders coming from a traditional stock and forex markets, might find it difficult to adopt the way cryptocurrency exchanges operate. Thus it can be more user-friendly for veteran traders to move onto the crypto trading. Considering the fact that IronFX is a well known and regulated forex brokerage firm, with huge client base, it becomes quite obvious about the IronX exchange potential. IronX will be using ADA coin as the base currency, which should substantially increase usage and trade volume of the coin in the long term.
The announcement was made yesterday, October 31, when ADA has reached the $0.071 low. There it has rejected 78.6% Fibonacci retracement level along with the lower trend line of the descending channel. Also, RSI oscillator formed a bullish divergence and then broke above the downtrend trend line, signaling on the potential trend reversal.
Indeed, ADA/USD might finally reverse to the upside. But there is one obstacle that it has to overcome. It is the $0.071 resistance level, where channel trendiness are crossing, confirmed by 61.8% Fibonacci retracement level. Upon the breakout, upside momentum should increase, resulting in more ADA gains. Price could reach the key resistance at 61.8% Fibs level, that is $0.081 price, where previously ADA/USD rejected the 200 Moving Average.
However, as long as Cardano remains below the $0.067 support, downtrend will remain valid. And if it breaks lower, ADA/USD can be expected to drop down to either $0.067 or $0.064 support level.
Of course the price is very attractive for Cardano investors. In fact, for some it might seem like a perfect buying opportunity. But while the risk/reward ratio is great, it could be safer to consider investing after the resistance is broken.
Coinbase + FOMO = Continuing UpwardPRACTICE TA - NOT Financial Advice
Established Trend Line
Support @ 1200 sats
Correction of 50% Previous Run
Alt Coins Gaining Traction
With the recent Alt Coin runs, I'm expecting 0x to take advantage of being ONE of two coins listed on Coinbase under $1 !
I may have fudged the TA to fit my theory, but I believe that between the gradual (consistently increasing) volume spikes, the support found at 1/2 the previous ZRX run (thanks to coinbase listing), and the fact that it can be purchased directly with fiat..
I have decided that it would be a great time to load up on ZRX and did just that.
OMG ready to go on a runA lot of people forgot about this project and have already sold their bags as there was not much hype around it. Huge mistake. Plasma will be released soon, my gut is telling me in the next 2-3 months, including their own decentralized exchange. Plasma is currently in testnet and there's already a first game running on it called "Plasma Dog". I seriously think this is the bottom. I've missed buying OMG at 477 sat, but I did get in at 494. I'm expecting it will be trading between 491 and 547 sat before it enters the next stage - 690, approx 40 % profit. Good luck trading this monster.
GNTBTC BINANCE - MRMEGit sounds good...!! it may have a pump - in 1 day chart - binance exchange - Protection with green line - Resistance with red line
- the oval is the first target and the Square is he second target -
GBPJPY POTENTIAL SHORT (1D & 4H) GBPJPY POTENTIAL SHORT
When I had done my pre-market analysis this weekend I wasn't seeing anything that had showed me it could be a high probable trading setup. After watching some liquidity come into the market GBPJPY had caught my attention. GBPJPY is at structure highs on the 1D timeframe and has been showing strong signs of buyer exhaustion and seller strength/control. If you look at the 4H timeframe you can see every push up by the buyer is followed by a very strong push down by the seller. This indicates that the buyers are dying out and the sellers are taking control. It is failing to make new highs and is being followed by strong seller momentum. By the market doing so it shows me that the sellers are interested in selling price and the buyers are dying out. REMEMBER TO ALWAYS LET TO MARKET TELL YOU WHAT IT WANTS TO DO, NEVER TELL THE MARKET. At the end of the day if you want to be trading profitable, and probable setups you have to flow with what the market is telling you. So lets dive into this.
1D Chart:
*price is sitting at very significant structure around the 148.00 handle
*buyers have attempted to re-test highs but sellers smack down price with strength (showing control)
*buyer is dying out (bearish engulfing candle)
4H Chart:
*on this timeframe chart at the highs buyers are followed by stronger seller momentum (control)
*watch for a break and hold beneath the 4H ascending trend-line, so that all participants are on the same page (equating to larger move)
*watch for slight small weak reaction at trend line, break beneath, and a small re-test before dropping (if it does)
1H Chart:
*use this chart for precise entry based on momentum, structure, and good risk/reward
Keep an eye out! Cheers!
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EURUSD WATCH THIS PAIR (1D Chart) EURUSD WATCH THIS PAIR
I wanted to make a post on this pair because EURUSD has been in an interesting spot lately, or I should say a few spots. The market was displaying to me that it was due to the fact that many different people had their outlooks on this pair therefore it led to indecisiveness in this currency pair. If you look at this daily time frame here the 1.15500 handle has been very significant level for price action on this pair. Since May of 2018 (this year) price has been holding above those levels. On August 10th of this year it attempted to break those levels but price ran right back above structure showing us a fake out. This is where the market started showing signs of indecisiveness and hasn't been able to break above the 1.17500-1.17800 price area. THEN recently price dropped from the 1.17800 area down UNDER the 1.15500 level. SO based on what the market has recently been showing me is that price has come down BELOW the significant 1.15500 handle that it had been holding above and HAS NOT ran right back up yet. I want everyone to keep an eye on this pair because it's in a significant spot right now and if price holds beneath this level and shows us some strong seller interest then we may see a more long term drop on this pair. Keep an eye out on this pair and I will to continue giving updates throughout the week on it.
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EURGBP POTENTIAL LONG OPPORTUNITY (Short Term) EURGBP POTENTIAL LONG
So after battling myself for a little while I decided to make a post on this EURGBP currency pair. I was battling myself on this due to the fact that the EUR pairs aren't having any great correlation at the moment and the GBP pairs aren't totally decisive either, BUT the momentum on this trade was displaying to me a decent trading opportunity on the short term so I thought I would share it. This pair on the 1D chart on September 21st had a very large and strong push to the upside by the buyers, which caught my attention. It had displayed to me that the buyer was very interested in purchasing this currency pair. Remember let the MARKET tell you what it wants to do rather than the other way around. So lets break this down and let me show you why the market is showing me to go long.
1D Chart:
*on this time frame there was very significant buyer momentum/interest on September 21st
*if you look at the pullback by the sellers compared to the push by the buyer it shows that the buyer is a lot stronger
*the strength shown by the buyer compared to seller weakness shows me the buyer is in control (which is good if looking to buy)
*watch for a higher high higher close (bullish engulfing) on the daily time frame
4H Chart:
*on this chart the momentum is very distinctly stronger for the buyer compared to seller pullback
*watch this chart for a more precise entry and use this chart for risk/reward ratio
*if price breaks the low on Sept. 21st with strength we will not be looking to buy this pair
Remember to always approach the market with a disciplined, consistent approach. Let the market tell you what it wants to do rather than you trying to tell the market, because at the end of the day if you let the market speak for itself, you will see it's trying to tell you something, which is what we as traders capitalize on. Keep an eye on this pair!
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p.s. I post quality over quantity
USDJPY LONG POST ANALYSIS USDJPY POST ANALYSIS (FROM 8/26)
I had posted a trade on August 26th for a potential long on USDJPY. When looking at this pair I had seen that overall on the Daily time frame it had been an a uptrend. Trading is all about probability so I used the fact that price is more probable, if buyer interest is shown, to go to the upside. The Daily chart had displayed to me that price was failing to break and hold beneath the 110.700 price area. Every trade I approach it as a strategic business decision and this pair had displayed to me that it would be a probable, strategic trade to take advantage of.
After seeing the 100% push by the buyers on the daily (w/momentum) I waited for a pullback to come in and for buyer interest to come back at the 110.700 handle so that the market showed me it was still interested in taking this pair long. Once I had seen that the buyer I was still interested I had entered some positions into the market at the 111.000 handle. This trade ended up hitting both targets for a total of 300 pip trade.
All my setups I post are relatively simple and I always make sure to hold that approach with my trading because with simplicity and consistency it can be very POWERFUL. I also want to bring up the fact that momentum is a key factor in trading whether it is a reversal, fake-out, range, or trend continuation, the 4 market conditions I trade. Discipline is key as well. When trading stay disciplined to proper risk management as well as discipline with your emotions. Trust the process!
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Cheers!
QASH in 30 days!After the release of Liquid launch platform the native exchange token-QASH looks very strong against BTC. It has been already 30 days that QASH is traded side ways in a range 0.000030 and 0.000035 BTC. It looks like it is in accumulation phase and getting ready for the next leg up. The next targets are: 0.000042 and 0.000048 BTC. QSHBTC
ASX Approaching Support, Prepare For A Bounce!ASX is approaching its support at 6227 (78.6% Fibonacci retracement, 100% Fibonacci extension, horizontal swing low support, channel support) where it could potentially bounce to its resistance at 6278 (horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 5.6% where a corresponding bounce could occur.