Gapfill
US 30 Entering Bear Market?Chart says all. So many contributors with great ideas about what we might expect. Just my 2c. It never goes straight down but makes short squeeze traps along the way. The runup to 24k was a terrific squeeze, rejected at 0.50 Fibo- exactly. Be cautious, short the rallies, don't plunge as it swings wildly and can squeeze any day.
Remember- gaps tend to get filled! It's a 5th wave- might give us an M-shaped pattern with a second bounce from the 50% retrace level- expect unpredictable squeezes. GLTA!
As always, this isn't advice, just an idea; trade at your own risk!
ALL GAPS FILLED ON BITCOIN CME FUTURES: EASY MONEYSince futures trading began in December of 2017, no gap has gone unfilled in the futures trading market. To me, this could mean one main thing - Institutional traders are in fact here, and they are winning big. They are hedging their spot positions in BTC with options to guarantee profitability. Whether or not my interpretation of this theory is true, the fact remains that price has gravitated back toward any liquidity gaps that have appeared in the BTC futures trading. The maximum amount of time for this phenomenon to play out has been 1 month.
It is Sunday and Bitcoin is dropping. If it closes Sunday below $3500, a significant gap will have appeared. A trade strategy here could be going long below $3500 and waiting for the gap to be filled at a later date.
Monstrous Profits Double Top Gap Fill120 pips total
80 from top of second high 40 from the retest of neckline
This is the text book M formation/double top, a scalp trade turned swing trade
Take note of the psychological resistance level as well
The hanging man in London, the drop in NY, retest of neckline and complete the gap fill in Tokyo
Beautiful trade
Basic candle stick pattern, basic double top formation, and the gap was filled
US 30 possible near-term bottom forming- gap to fill upChart self-explains. Could sure get lower but behavior suggests a bottom retest may be in at 24421. Wait on 4hr to confirm it.
Could get a strong lift into December off these lows to form a right shoulder before the bears really tear into it. Unpredictable now.
Just an idea not trading advice- trade at your own risk! GLTA!
ERF - Multiple TA Signals to go LONG1. Bullish engulfing candlestick on Friday (a particularly bearish day for market)
2. Recent crossover - 7-day JMA crossing up on 10-day DWMA
3. Upward trend line held support on Friday (although this is a weaker signal because, although trend line starts January 2016, it was only established when bottom was reached on 10/30/18)
4. Impending price momentum crossover on signal line and crossing up on OS line
5. Impending RSX crossing midline
6. Recent MACD crossover
7. Two gaps above that need to be filled
Dat gapWell it looks like the runaway gap that formed back in July last year is finally going to be filled. With all the downward momentum, as indicated by the MACD and Stoch RSI, that gap is acting as sort of a magnet just pulling the price down. The CMF also indicates that there is a lot of sell pressure so lower lows for NYSE:BABA should be expected.
The tech industry as a whole is hurting right now and that can be seen across all markets so trade with caution.