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Hvf

Twitter Not Looking Too GoodTwitter has been setting up a couple pretty strong bear patterns. There is a nice forming H&S pattern with the right shoulder forming a low slung triangle pattern with the down-leg candles strong the the up-leg for the triangle and also the H&S pattern. Moving averages has also decided to cross bearish with price action showing below it. The 100 EMA on the week looks to be the only support looking to support Twitter which happens to be around the red line drawn. Might have a little support from that. Once that breaks, no real strong support until about $14 (All time low) Possible short @ $29.44 Stop Loss $32.11 Taking most profit around Int 2.
NYSE:TWTRShort
by KennySniper
S&P500 to have a strong drop soon?Strong rising wedge for the S&P. Could this take a healthy fall back down...RSI implies it is overbought Also we had a parabolic move up from the lows of December/Jan...with no real healthy moves down for a recovery period on the way back up Hypothesis: price reaches near ATH to fail at resistant levels. If it price proves to move back down, I think it could make a W shaped pattern before a move back up or complete a right shoulder for a inverse head and shoulders pattern.
AMEX:SPYShort
by KennySniper
Bitcoin to see $9400 soon? BINANCE:BTCUSDT has established its strength in the markets lately as the dominant coin again. BINANCE:BTCUSDT seemed to have taken a nice breather and is most likely setting up for its next run up. With moving averages to support this bull trend, I have two targets set for this trade. Target 1 : $8,800 Main full target : $9,400 We can easily keep going up from here with my far out target of about $12,000 but for now my main focus is to take profit at the designated targets listed above. #BitcoinIsBoomin!
Long
by KennySniper
SPY showing fake bull rally? Could Bears Be On The Way Soon.....The stock market has been rallying bullish the past few days and weeks but with negative news in the economy and with the trade war, the US Dollar and US market could be heading into a bear market soon... We could be looking at a suckers rally at the moment. Here are a few reasons why... 1) Price gets rejected at the top of funnel (Green Line) which is a strong support line. 2) 200 MA & 300 MA hovering right above with a little wiggle room on the 1 day. Looks like strong resistant areas. The 200 MA and 500 MA also crossed bearish with the 21 and 50 MA's. 3) OBV showing a grind line which could possible break soon.. 4) ATR showing drop in volatility...potentially looking for a big move soon. Considering ATR has been going down while price is going up could be a possible divergence
AMEX:SPYShort
by KennySniper
BCH (ABC) continuation patternBAB or BCHABC is in a very bullish trend . It is now forming an HVF (triangle), and is consolidating inside the funnel ( parallel channel ), after a what seems to be a fake-out. The pattern is suggesting that sellers have not taken control yet, although the fake-out is something to keep in mind. the chance to go up is probably 50%, but the risk reward is great. Stop is the most recent low made (190). Best is to buy as close to the low as possible, or when volume confirms a 2nd try for a breakout.
BLong
by RegideTrader
1
Bitcoin heading to sub $3900?Bitcoin has been looking weak for several weeks now with strong quick down legs and slow forming up grinding legs. This is a bearish sign. Looking at the On Balance Volume, it has also been showing lower highs and flat bottom lows which is another bearish sign in volume. The overall Macro trend also remains overall bearish with the AMA Cross Bearish and also has a neutral position on the graph with price levels approximately in the center I have presented 3 downside targets where it would be ideal to take profit at. Interim 2 has the highest probability of executing ( I would recommend taking about 50% profits of your short at this point) The main target has a strong RRR and also good profit potential. ( I would recommend taking the other half or all of your profits near this $4k point considering the law of round numbers....typical human psychology). Your stop loss would be at the green line, which is a price of about 6600 (or slightly higher) depending on what exchange you're trading on. Good luck and trade wisely friends!
KRAKEN:BTCUSDShort
by KennySniper
2
ETH/USD short ETH/USD is forming a nice symmetrical wedge or an HVF. With the overall macro trend being bearish at the moment, this looks like a good short. With two different targets set (pink lines), I plan to take some profit (50%) at first target and another (50%) of my order at the last target if this breaks the red line support line. The last target at about $208 has a Key Level of Significance. The target happens to be at the same exact destination that a strong support/resistance line intersected ETH several times a few months ago and looks like its going to have a strong significance during this down trend. With the psychology of round numbers coming in, I intend on taking profits a tad bit before these targets hit just to secure the money bag. Remember to have your stop losses set just incase this trade does something unexpected because no trade is every 100% guaranteed! This trade shows a good RRR of about 3.5 and also shows a good percentage in return if prices hit target.
KRAKEN:ETHUSDShort
by KennySniper
Bitcoin to reach target of $3010A few months ago, I estimated BTC to reach a range of about $3700 when it was trading around the $6k region (check my earlier posts). With it dropping, I still don't yet see this as a time to call bottoms and buy as it is never safe to do so. Forming a solid triangle pattern, I have three targets set with the main one being at the $3007 levels. Alpha Sniper Capital group enjoyed and made money on the way down for the $6k levels. Don't be a blind Hodler. Follower a well strategic strategy and make money on the downside ! Enter short: $3560 Stop Loss: $3772 Target: $3010
KRAKEN:BTCUSDShort
by KennySniper
EFAV Short PlayEFAV looks like it topped out. It capitulated downside after the first topping and staggered back up to the upside (which took some time to form, with eventually a quicker capitulation back down to the downside. Over time you will notice that the time frames of rising and the falling become quicker (with rises legs taking longer to form than the down legs which are quicker in respect). On top of the time volatility being compressed, you will notice price behavior becoming compressed and less volatile. Most may see this pattern as a Descending Triangle. Due to the flat bottoms and decreasing lower highs, this gives it another strong bearish sign. There are smaller patterns within my bigger (HVF) pattern like rising wedges and grind lines against rising prices, and strong Key Levels of Significance like certain "Gap Zones" (highlighted in red) which play a strong factor between certain support and resistant zones. On Balance Volume also helped me get a feel for the strength of purchasing power. The OBV seems to have hit a double top and broke down out of the Ascending Wedge for weaker volume. I have 3 targets set for the downside (pink lines) with the last one being your main target. 2nd interim target would not be a bad spot to take a percentage of your profit at. Hope this helps in some way. Feel free to follow and comment with any questions or concerns!
CBOE:EFAVShort
by KennySniper