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Futurestrading

BTC trend lines and fib levels#BTC/USDT $BTC trend lines and fibonacci levels. price broke out from descending trend line, but faced another descending trend line that is the same with resistance zone between 0.5 and 0.6 fib levels of 4h swing down. 🐮 break out from this zone can increase price toward next descending trend line that is the same with 0.382 and 0.5 fib level of daily swing down around $23k and $24700. 🐻 rejection from current resistance can cause a pullback to broken line or drop price to $18k and even $16k
by parissap
EOS at lower line of falling wedge#EOS/USDT $EOS is above lower line of lower zone of long term falling wedge pattern. 🐮 holding the lower line of wedge as support will increase price to resistance zone around $1.2. and breaking out from this zone will head up price to upper line of wedge that is the same with resistance zone around $1.6. 🐮🐮 as you know if break out from upper line it will increase as high as the height of pattern. 🐻 breaking down from descending support will invalid this analysis.
Long
by parissap
Short Nasdaq futures or Nasdaq ETF.For futures traders, this trade involves shorting the nasdaq in anticipation of a resumed down trend tomorrow. While I do not like to present entertaining suggestions for overnight futures positions, due to low volume price volatility and potential manipulation at night, one could take a short position after the futures market opens at 6 p.m. Understand that this kind of trading presents an extreme risk of loss, because of the nature of futures or shorting stock. Futures is by far, the most risky. Full emini (/nqu22, for instance) bears a 29x leverage, according to the Chicago Mercantile exchange. do learn the risks and your suitablity before entering into any futures trade. I will not suggest a stop loss. That is at your discretion. However, if you don't set it above today's high's the risk of getting stopped out increases substantially. Conversely, the higher your stop loss, in a short position, the greater your risk is in terms of amount you can lose. If you opt not to trade at night, it is entirely possible that the futures market will go lower in the night, making a gapped down situation in the morning, which is a movement that may confirm bearishness, but also changes the risk / reward scenario. Such a downward night move may make the entry point less favorable, if a rally follows to close the gap on open of the exchange at 9:30 a.m. The target profit point, using the above chart might be 11568, above the double bottom of Thurday's trading day (11547). Theory: The market is heading lower, having in my opinion exhausted the multi day rally against the trend. The market may head substantially lower than the profit target. However, taking substantial profits, and then determining whether or not some recovery is likely is much preferred for many speculators over longer duration trades with increased time of exposure / market risk. Other considerations: There may be substantial buying in the morning, pushing the market higher before the anticipated failure. A still risky move may include waiting to put in an entry upon a failed (short). In that case, I would look for a rally to a point less than today's high's, followed by several minutes that fail to go higher. I might use 3, 3 minute bar charts where a top isn't exceeded. Other's use different points of entry. It depends on price action, so I leave that to your discretion as this is simply an idea for your enjoyment and is offered not as a specific trade, but as a tweakable suggestion to take at your own risk. Bear in mind, if you wait for a failed intraday rallly to enter, you could miss the move. That's part of what makes trading so challenging. It is always better to miss a move than to enter at a point at which you are not confident. Resistance and support are key considerations. I believe this Friday (tomorrow) could be a several hundred point down day. On the other hand, one has to be prepared for a reversal if residual bulls are not ready to close out for the weekend. I hope someone will find my observations interesting and educational entertainment. This is more art that science, as is any market trading, in my opinion. I am in no way to be confused with being a financial advisor.
CME_MINI:NQ1!Short
by ericklee64