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Horizontalsupoort

$TEVA in Buy Zone + Daily and Weekly TD 9'sI've been watching $TEVA for awhile now and finally it is hitting my first buy target. Both the Daily and Weekly are showing a TD 9, however the daily did break the TD resistance line. Furthermore, the RSI, CMF, moving averages, stoch, and current bearish candle all point to $TEVA moving lower. I'm going to enter half of my position size in now and wait for a green 1 over a green 2 for the rest of it. Feedback is always welcome. If you found this helpful, please leave a like.
NYSE:TEVALong
by BigDGoesHard
2
[Signal] EURGBP: Covering of EUR shorts a Big PossibilityEURGBP Timeframe: 1D Direction: Long Confluences for Trade: - Waning bearish momentum - Stochastic Oversold momentum - Price action bounced off a Horizontal SupportTrendline - Fundamentally, weakness in the GBP is explained in the GBPUSD post in Related Ideas and the impact of Brexit will be more extensive for GBP in comparison with EUR. Suggested Trade: Entry @ Area of Interest 0.8540 - 0.8650 SL: 0.8447 TP1: 7.8747 TP2: 0.8888 RR: Approx. 2.10 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Long
by weekendanalyst
Bitcoin Daily Update (day 301)Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business. Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge Consensio: P < L MA < S MA < M MA = up to 60% short entry signaled. I am waiting for further confirmation. Patterns: Phase 7 hyperwave | Parallel channel Horizontals: S: $3,588 | R: $4,062 Trendline: Close below today Parabolic SAR: $4,081 Futures Curve: Backwardation Funding Rates: Longs receive 0.1079% BTCUSDSHORTS: Appear to be picking back up after higher low TD’ Sequential: R2 = R1 Ichimoku Cloud: Close below Relative Strength Index: Back below 50 Average Directional Index: Just like that -DI crossed +DI. But still no trend so I think it is irrelevant. Price Action: 24h: -9.7% (strong indicator for me to stay away from short) | 14d: +0.6% | 1m: +6.8% Bollinger Bands: Tested bottom band / peaked through. Stochastic Oscillator: Sell signal nailed it. Summary: There are a few indicators that are keeping me slightly bullish: today’s selling volume was not that impressive, the backwardation in the futures curve and closing above / continuing to support $3,575. That being said, if we do not reverse in the next 24 hours then I will be changing that stance. There is still room for a strong bounce if we can support the $3,600 area and breakthrough $4,200. A red 2 falls below a red 1 at $3,510 and if we fall there at any point I will be bearish. A stop order to short that price feels high probability but I do not like the risk:reward. Just because I think / feel like a market has a high probability of moving in a certain direction does not mean that it provides a good trading opportunity. ETH:USD found support above a bullish 33 MA. Using slightly below the days low as a stop loss does provide a favorable setup for a long. Furthermore there is a confluence of support from horizontals. That feels like the best option right now, but that could change fast.
BITMEX:BTCUSD.P
by Sawcruhteez
Bitcoin Daily Update (day 238)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My most recent Bitcoin Bubble Comparison - 3 Day Chart led to the following calls: < $5,750 by 11/15/2018 & my prediction for the bottom is $2,718 by 1/20/19 | | Calling for $35 ETH before the end of 2018. Full disclosure: I have been golfing, drinking and smoking all day long Previous analysis / position: “Watching for a potential bearish hikkake on the 12h and 4h charts. If that happens it would also line up with a breakdown of the 12h cloud.” / Short USDT:USD from 0.0968 and short ETH:USD from $200.50 Patterns: Wyckoff Hinge Horizontal support and resistance: S: $6,395 | R: $6,415 BTCUSDSHORTS: Continues to support inside the triangle Funding Rates: Longs pay shorts 0.01% Short term trend (4 day MA): Closed above (bullish) Medium term trend (4 week MA): Neutral Long term trend ( 32 Week): Bearish Overall trend: Chop Volume: Lowest weekly volume in a year FIB’s: 0.618 = $6,530 | 0.5 = $6,441 | 0.382 = $6,351 Candlestick analysis: Daily and weekly doji Ichimoku Cloud: 4h cloud shows strong resistance at $6,411 | Still inside 12h cloud TD’ Sequential: Weekly red 3 Visible Range: Looking back to September 6th (when this range started) point of control at $6,400 and two high volume nodes from $6,386 - $6,464 | This is also the highest liquidity zone for all of 2018 Price action: 24h: + / - 0 | 2w: -0.49% | 1m: -4.2% Bollinger Bands: Two closes above MA, top band right in line with trend line Trendline: Connect Sept 28th and Oct 8th Daily Trend: Chop Fractals:Up: $6,792 | Down: $6,057 RSI: Stuck at 50 Stochastic: Hidden bear div’ on the daily Summary: This chart reminds me a lot of the movie inception. There is a triangle on the daily chart that everyone has been watching for months, but “we need to go deeper!” Zooming into the 4h chart and we see a descending triangle that started with the high on September 28th, but “we need to go deeper!” Zooming into the 1h chart and we see a symmetrical triangle that started on October 23rd. The 1h triangle comes to a head in about 13 hours. I can’t imagine consolidating $6,400 any longer than that. I am just hoping that we don’t drop to $6,150 and then consolidate between there and $6,385 for another two weeks.
BITMEX:BTCUSD.PShort
by Sawcruhteez
3
Support and Resistance Levels with auto Fibonacci Setup TutorialIdentify horizontal support and resistance lines using your choice of 6 methods. Available options Lookback window: Number of bars back to consider in calculations Lookback window right (only applicable for methods 3 and 4): Number of bars to the right to consider in calculations Number of S/R lines to plot: S/R lines to plot (currently the max setting is 4 so 8 lines due to pine limitations. I can post separate scripts for each method that allow more depending on user feedback) Use Custom Time Frame? (M1, M6, M5 only work if viewing lower TF): Set a custom timeframe in minutes, then 1D for daily, 3D for 3 daily etc. Calculation offset: How many of the most recent bars to ignore in the calculations. Update Frequency: How many bars to wait until updating the lines since the last update. Things to tweak. I still need to test the methods, depending on that and feedback I can post separate scripts for each method that allow more depending lines or scrap some. I'll tweak the parameters for using linebreaks to scrap them. Currently required a three close through it (so two in one direction and one in the other). Fibs don't work on the static timeframe as I've reached certain restriction in the coding system. Link to Indicator Below are some examples using the default settings (which I have not optimized as of yet) Method 1 Method 2 Method 3 Method 4 Method 5 Method 6 Referral Links Bitmex 10% fee discount for 6 months www.bitmex.com TradingView (50% off after trial period ends) tradingview.go2cloud.org Tip Jar BTC: 1FgEeDDMF7QKydQPJVCDjp7ypjREp8XG6c LTC: LM9KsXz7GUxCN9g9EjTC8ayviDEmBK14rw
BITFINEX:EOSUSDEducation
by SemiQuant
25
Bitcoin Daily Update (day 195)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My most recent Bitcoin Bubble Comparison led to the following predictions: 1 day - 28 days = < $5,750 | bottom prediction: $2,860 by 10/30 Previous analysis / position: “If you are not in a position then opening a short with one third of your desired position size at each level of resistance should provide a favorable risk:reward.” / Short ETH:USD. Took profit on 33% of position improving my average cost basis to $317.37 per ETH. Patterns: Descending triangle Horizontal support and resistance: S = $6,188 - $6,225 | R = $6,309 & $6,385 BTCUSDSHORTS: Appears to have created a higher low and is bouncing off a hammer. Funding Rates: Shorts pay longs 0.0589% 12 & 26 EMA’s (calculate % difference): 12 = -4.73% | 26 = -6.27% 50 & 128 MA’s: 50 = -9.38% | 128 = -11.81% Volume: Volume decreasing as price tries to bounce. FIB’s: 0.786 = $6,379 | 0.618 = $6,783 Candlestick analysis: Daily inverted hammer. Currently re exploring the wick. Ichimoku Cloud: Tenken-Sen = $6,765 | Kijun-Sen and cloud = $7,165 TD’ Sequential: R6 Visible Range: Currently testing point of control (POC) with 2m - 1y lookback. BTC’ Price Spreadsheet: 12h = +/- 0 | 24h = -1.16% | 1w = -13.14% | 2w = -11.11% | 1m = -3.67% Bollinger Bands: Bouncing off bottom band. MA = $6,700 | Tightest squeeze we’ve seen since April 24 2017. Trendline: N/A Daily Trend: Chop with a with a bullish bias. Fractals: Up = $7,426 | Down = $5,866 On Balance Volume: Moving with price / no div’s ADX: ADX > 25 while -DI is trying to coverge Chaikin Money Flow: Bear div' on daily. RSI (30 setting): W = 48.98 | D = 44.13 Stoch: Posturing for buy signal Summary: It still feels'' too early to breakdown $6,150 support. I feel like we need to range for another couple days or bounce up to the 12 EMA. I would stay away from opening a short at these levels in favor of waiting for a bounce. Retesting $6,600 - $6,700 and then breaking down $6,000 feels'' like the most likely outcome at this point. If we do get a bounce then it will be a picture perfect shorting opportunity. You don’t not want to cost yourself that opportunity by entering too soon. Remain patient, let the price come to you, and never chase!
BITMEX:BTCUSD.PShort
by Sawcruhteez
3
Bitcoin Daily Update (day 190)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. 1 - 4 days: < $6,000 | 1 month predictions: < $5,750 by 9/24 | bottom prediction: $3,000 by 10/30 Previous analysis /position: “Volatility felt immanent...strongly believe it will be a correction to the downside...don’t get lulled to sleep the calm before the storm is often the best time to build a position” / Short ETH:USD at $285.57 & ETH:BTC at 0.04029 Patterns: Rising wedge broke down. Still inside descending triangle. Horizontal support and resistance: Weak S = $6,970 | Stronger S = $6,800 | Will $7,000 become resistance? BTCUSDSHORTS: > 30,000 = overbought | forming a flag pattern Funding Rates: Longs pay shorts 0.01% 12 & 26 EMA’s (calculate % difference): 12 = -1.37% | 26 is currently being tested for support 50 & 128 MA’s: 50 = -1.27% | 128 = -3.98% Volume: Significant volume on every time frame. Watching for today’s to exceed spike on August 22nd and August 28th. FIB’s: 0.618 = $6,844 | 0.5 = $7,116 Candlestick analysis: Extended range bearish candle. Weekly dark cloud cover. Ichimoku Cloud: Daily cloud held as resistance. Now watching for bearish TK’ Cross. Has re entered 12h cloud and is finding resistance at the Tenken-Sen. TD’ Sequential: Price flip. TDST at $6,343 Visible Range: High volume node at $7,385 held as resistance. $6,488 is the point of control with a 1 year lookback. BTC’ Price Spreadsheet: 12h = -5.33% | 24h = -5.33% 1w = -0.88% | 2w = +6.94% | 1m = +/- 0 Bollinger Bands: Daily MA = $6,817 | Bottom band = $6,167 Trendline: Broken to the downside. Did not retest trendline from descending triangle. Daily Trend: Bearish Fractals: Down = $6,789 | Up = should print on top of yesterday’s candle after today closes. On Balance Volume: Following price / no div’ ADX: ADX broke through 20 and now the -DI and +DI are sharply converging. ADX turning down on weekly. Chaikin Money Flow: Rolling over hard on weekly, yet to turn down on daily. RSI (30 setting): D = 50.35 | W = 49.8 Stoch: Sell signal on daily Summary: $6,789 and $6,343 are my key areas of support. The following sequence is what I am expecting: selloff to $6,789 > bounce to $7,100 > selloff to $6,343 > bounce to $6,789 > breakdown $6,000. If you are not in position then now is not the time to chase! Wait for a bounce and then be ready to short. If you did enter in the last few days then now is the time to adjust stop losses to breakeven. Once/If we get a bounce and create a new lower high then it will be time to move stops into profit.
COINBASE:BTCUSDShort
by Sawcruhteez
3
S & P 500 cleanly responded to horizontal line 2738.6The S & P 500, which has continued to raise for a long time, stopped raising before 2800.0 and then backed down. Currently it is stopped by the horizontal line near the high price of last month. Horizontal line 2738.6 is 1) Functioned as a support line. Long until MPP 2768.0 long.(long if it can attack safely WPP 2762.1 long) 2) It does not function as a support line. Wait for functioning as a resistance or wait for other resistance and follow with a short. ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo Line: Horizontal line or Trend line seen by weekly or monthly Indigo fine wire: Horizontal line or Trend line seen by 4hourly or daily Dotted dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
OANDA:SPX500USDLong
by fondiea
BTC Modified Downward Channel and Horizontal SupportA revision of my last published chart (linked as related idea), here we have the bottom channel line excluding the strongest dip as anomalous, creating a much thinner channel than previously. Like the last chart, I expect to see daily candles lingering a bit along any horizontal support line the price touches. The channel still slopes downward, but with a smaller range. Watch the horizontal levels for stagnation; watch if BTC breaks above or below these levels. Look out for any multi-day closes outside of the channel as this is the strongest indicator that the trend is changing.
BITFINEX:BTCUSD
by poetichigh
Bitcoin's Challenges: Reason to hope, much resistance aheadBTC has been looking bullish the past couple of days riding on some good news finally in the wake of the SEC/CFTC hearings in the US Senate. And the volume has finally spiked. This could signal the bottom of the BTC retracement. But there is much resistance for BTC to break through to the upside. It needs to breach the downtrend line of the descending wedge again, sustain the breach and break through downtrend lines above it from the fib pitchfork. If not expect continued price action to the downside within the wedge with key previous horizontal support/resistance levels noted in wide dashed orange lines.
COINBASE:BTCUSD
by bswen
Long GBPJPY: Bat + Crab Complete at Weekly Trendline SupportGBPJPY has entered the PRZ of two bullish patterns on the daily chart. The PRZ aligns with both horizontal and trendline support which may add to the potential for reversal at this level. Multiple unhit monthly and weekly pivots sit above price and may help pull price toward target. To add to bullish bias, MACD has produced bullish divergence and RSI is oversold. Entry is placed at crab completion with SL below horizontal support and targets at the unhit January, 2015 pivot and the 50% retracement of the bullish bat CD leg. Bullish Confluence: Bullish Bat Bullish Crab Weekly horizontal support Weekly TL support Multiple missed pivots above price Bullish MACD divergence RSI Oversold
Long
by glennmercer