Futures-trading
Bitcoin "Dip" Support AnalysisThe "Dip"
Could this be the moment we have been waiting for? The people who have been on the sidelines, awaiting for their moment to pounce on some blood!? Who knows - but we can evaluate the market in such a way that we may be slightly more clued up, than just putting a finger in the air.
From the dizzying BTCUSD highs of this week (excluding the 19K USD price action), we have retraced ~70%, when looking at the FIB points that I have plotted. We blew through the 100 hr Moving Average (MA) and as such, I view three support levels.
Support 1
~$14690 BTCUSD - Which is at the 0.5 FIB retracement i.e. 50% retracement, nicely hitting off the 100 hr MA.
Support 2
~$12880 BTCUSD - Which is just below the 0.236 FIB retracement i.e. a near 80% retracement - which also lines up nicely with the 200 hr MA.
Support 3
~$11810 BTCUSD - Which a 100% retracement from the aforementioned highs. This coupled with the fact it aligns with the support price levels from earlier in December, would be a highly significant support level. If it blows through this, we may be in for a REAL dip!
Where will the price action go?
What will the impact of the CBOE futures markets coming online on Sunday?
Who knows, but may the odds be ever in your favour !
Are you BTFD!?
AGameofCoins
Marking first support for S&P 500 #futures pullbackSupport is clearly visible on the chart at the green line. #futures $SPY $SPX $ES_F
BTC/USD simple technical Analysis with Target ProjectionMy Theory: I trade the Future since many years and do research about new Markets and their Mechanisms. The Crypto Market is a very new Market so the Possibility of similar Effects in the Beginning of the Stockmarket (19 century) are given.
Too make it short most of the simple stuff out of historical Trading, gone work for a couple of Years.
Let's see if I m Right ;)
Saludos Daniel
$VIX is diverging greatly the last few monthsThis appears a low risk front month Futures buying opportunity again! Very clear until 9.5 goes buy Volatility on the Quad Witching!
The fair look on #Dollar and #GoldThe shiny #metal #gold settling lower against US #Dollar which is an index of measures to six prominent #FOREX pairs.
1. Central Bank decision 'hawkeye' .#US
2.The geopolitical menace outlook
A Gold Trade Gone Well*WE'VE ACCIDENTALLY BEEN PUBLISHING PRIVATE IDEAS*
The fundamentals for Gold is looking bullish, and our trade we made back in the beginning of February has performed well using our first draft of the FriendlyTrend Signal. Our initial 5x contract entry at 1221 is not at an above-breakeven stop loss, and the spike up w/ a close allowed for a 4x contract entry with a fill at 1249.
We'll trim off some profits at the 1280 mark if prices rice to that height. Otherwise, the stop loss is currently trailed to the 1222 mark and onward.
Check out our site on our Tradingview profile for more of our trades.
RICE IS A POTENTIAL HIGH REWARD BUY TRADETrendline broken, and market formed a textbook flag above the broken line.
For me a textbook buy signal is forming here.
If you like to take a little bit more risk like me, buy here at 975 and place your stop at 957.
Target would be the longterm trendline at 1060.
This would result in a nice 5:1 Risk:Reward trade.
If your looking for a more conservative approach wait for the flag to break and enter on the break.
Eurusd short term viewPlease referee the previous chart.
Wave (B) is obviously unfolded as triangle wave and four of its fifth waves are completed. Last fall is around the corner and should took pries near red horizontal line. So for short time I am bearish. stop loss top of wave aa.
XagUsd - Downward MovementDownward movement is just started on daily basis. 14.775 will act as support if this point will break then sellers will get in the market in no time. Also COT report must be tracked this weekend.
Go long silver on possible cup & handle formation targeting 18.4It looks like cup and handle formation might be forming on silver chart. Go long on current levels or on break from flag formation (around 15.30).
SL goes below14.40.
Initial target: 16.00.
Long term target: 18.40.
Brothers for lifeThe $NQ is in the same situation as $ES. Choose your poison. We will not take the direct break. We will wait for a pullback to trigger on a shorter time frame. ANY CLOSE ABOVE 4370 and we will change our sentiment. Next week should be fun. NO TRIGGER, NO TRADE!
GOLD TO THE GRAVETHE CLASSIC PSYCHOLOGY OF A MARKET CYCLE.
WE SEE THESE EMOTIONS THROUGH RETAIL
INVESTORS WORLDWIDE. MAKE SURE YOU
HAVE 20/20 HINDSIGHT ON GOLD BEFORE YOU
GET CAUGHT IN THE HERD.
REMEMBER, NO BIAS.
@YUNGFINANCE
YM looking for SupportI am watching the MACD to cross positive and to enter
as close to a Support area as possible.
Dollar index testing 90 level for 4th time since 2008Previous tests of this level were rejected.
FED Reserve has said they don't want the dollar
to go too high. I believe a shorting opportunity
may be near.
Sugar #11 Sell Stop at 16.25 looking for 10 - 15 ticksTwo down bars at a top with a price gap below $16 makes me think a third down bar will happen.
SUgar market opens tonight around midnight PDT (CALIF) so I will have to set my alarm.......
Time to buy Brent Crude Oil?Crude oil tested a critical support level on the daily chart last session. This market has experienced such an aggressive sell off, it has forced price to accelerate away from it's mean value - leaving that mean to price gap.
Generally when these gaps occur, the market likes to 'sling back' and fill the gap between mean and price which is knows as the 'elastic band effect'.
There is also a large bullish rejection candle off a strong support level which compounds the value of this trade idea.
