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XRP Long - Final UpmoveHi guys, I've been playing around with some ideas for XRP, and I think this is the most likely scenarios for it. It's looking like it is about to begin (probably already has started) the final wave in a bearish bowtie diametric. The internal polywave counts appear to be all corrective in nature (ABC, ABCDE, ABCDEFG) which to me suggests that we probably aren't looking at an impulsive series for it, and instead it is a giant diametric. That being said, three potential targets exist for Wave-G and they are related to Wave-A by either 61.8%, 100% or 161.8%. That gives us the following targets: -61.8% - $2.25 -100% - $10 -161.8% - $100 Now, due to the insane market cap that would be required for price to hit $100 on XRP, I'm going to throw that one out as highly, highly unlikely. I'm currently favouring the 100% option at $10, but $2.25 is reasonable also, I suppose. There's some pretty decent bullish divergence coming out pretty clearly on my modified AO indicator (pink/purple line), so I'd say we're probably pretty near ready to get moving on XRP, if we haven't started yet (pretty sure we have, though). I've used a few trendlines/channeling to try to get a rough idea of where we might see the ABC form on Wave-G, but those are only guesses. Once Wave-G concludes, expect a very significant downwards move on XRP, it'll go back to the stone age. Not trading advice.
POLONIEX:XRPUSDLong
by Korastiz
3
LAST RALLY IN A MAJOR BEAR MARKET BITCOIN THE DEATH OFA few months I posted that a low was near and to watch for a bear market rally .That rally is or will be ending now or on a print of 14100 to 14600 and then the next decline cycle should last about another year down into fall 2020. I have labeled the top wave structure as an wave X TOP SEE SILVER 1980 TO 1982 LOW .You will see the fractal clear as day this rally back to 14000 in bitcoin is that of silver from 1982 low to the fall rally into 1510 .this top is the last chance to sell out for years to come
BITFINEX:BTCUSDShort
by wavetimer
EUR/USD: Net-Long Traders Flood In Since Last WeekNET-LONG POSITIONS SPIKE 52.7% SINCE LAST WEEK FOLLOW Our Profile- www.tradingview.com EURUSD: Retail trader data shows 56.9% of traders are net-long with the ratio of traders long to short at 1.32 to 1. The number of traders net-long is 4.7% higher than yesterday and 52.7% higher from last week, while the number of traders net-short is 9.0% lower than yesterday and 30.9% lower from last week. To gain more insight to how we use sentiment to power our trading, join us for our weekly Trading Sentiment webinar. BEARISH BIAS LURKS OVER EUR/USD We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EURUSD prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bearish contrarian trading bias. TO get more information and hourly alert analysis FOLLOW Our Profile- www.tradingview.com
Long
by kabbo12
BTC/USDHi guys Today we are watching BTC on USD on a 4h chart. 2018 has not been an easy but we keep hanging on ! We can see a buying opportunity coming up for BTC if it breaks through the first support line. Everything under it can be a good buying spot but personally I will wait until we come along $9500 and see if it goes lower to buy in there. If it doesn't,buying in a little above shouldn't be a big mistake. We should be able to go back up after touching the low because we already witnessed a a strong support on those levels lately! Hoping that you guys take some profits! You trade on your own risk, this is meant to inform not to oblige nor advice.
BITFINEX:BTCUSD
by FabiuccioGriffet
DXY Dollar Index - Basing ActivityDXY Dollar Index We were looking for DXY to show signs of bottoming prior to potential reversal to the upside last week. It made a double bottom/slightly higher low showing a loss of downside momentum, the first signal needed to show a change is in the air. Some may remember the way that Gold shifted parallels just as DXY is now doing prior it bottoming out in mid December...now we have the same behaviour being displayed on DXY chart. Today, DXY is now pushing the upper parallel with near term resistance at 89.30 - it's in a small continuation pattern running under the parallel which at some point soon is likely to pop to the upside - but so far we have no great weight of evidence that DXY is doing much other than consolidating in a 120 pip range at current levels. We do have a double bottom which has resulted in range trading so far, but no higher high to signal a clear reversal as yet. Dollar bulls have to take DXY through the parallel and then above the lines of resistance at 89.30 and at 89.51 and finally above 89.65 to really start attracting other buyers - but until they can achieve this DXY is more likely to range trade, with some big green candles more likely to emerge now than big reds, and the price action after that green candle being more gentle consolidation prior to the next green candle emerging. So small bursts of upward pressure followed by mild but longer lasting consolidation - dull, grinding price action in near term but most likely with an upward bias. Still prefer to buy dips here though not aggressively so yet. Need to see 89.65 broken above and held to turn aggressively bullish of DXY looking for 90.19 initially and then, after consolidating, to 90.99 and then to the 91.80-91-90 range. On the downside, DXY has to break below key support at 88.43 to turn negative again in near term down to 87.70 where it becomes a buy again on any such weakness.
TVC:DXYLong
by sumastardon
Bitcoin: BTCUSD Next Sunday Trading Buy and Sell PointsBitcoin Update Next Buy/Sell Points Coinbase Last Long Shot here but be ready to Reverse if signal is given 10:41 am GMT: Retest of neck line and OK whilst above 8700 - can buy dips back to 8720 with stops below 8700 on GDAX 10:48am GMT: Coming back now and still within the paralells - buy as low as possible to 8720 for small loss if wrong here...with stop under 8700 - but be ready to reverse short if 8700 gives way for 8300-8100 - with stop above 8750 10:50am GMT: The alternative is to wait until the little parallels controlling this downwave are broken on upside, not spiked, broken and then survives retest from above once broken. One higher risk, this one less so - 8720 now so small risk on stop. For further details please see top left of sumastardon page, above
COINBASE:BTCUSDLong
by sumastardon
Brent Crude: UKOIL Last long shot,ready to reverse here if wrongBrent Crude Oil UKOIL Last long shot with tight stops ready to reverse here if wrong Right on key support at 62.18 with a low at 62.14. If this fails here the entire wave from the lows is exhausted. At this point, if seen, we switch from buying dips to selling rallies - it will fall away to 61.15, bounce some and then likely fall away to 59.44 and potentially much lower still. This is the 4th strike on this parallel. Normally 4th strikes are good with the parallel only usually losing its power on the 5th. This means that Brent is a speccy buy here with stops under 62.10 for small 8 pip loss if wrong from here. And if we are, then that lower parallel gives way and we then switch on a sixpence to bear stance from bull, looking to sell off the underside of the parallel if touched again with stops above by 10 to 15 pips max.
FX:UKOILLong
by sumastardon
Brent Crude: UKOIL Time to close out longs and consider shortsBRENT CRUDE: UKOIL Have closed out the long position finally as Brent touched the upper parallel. It's the fourth strike and should come back from here. Closed at 64.33 for 1833 pips profit on a trade that carried 30 pips of risk from the outset, taking under 6 weeks to achieve. Best win of year (apart from Bitcoin, obviously) Wondering about shorting here, think it's the right thing to do with stop above 64.70 in case Opec deliver a surprise for once. It certainly was last time we tried it. If they do, Brent could rally just above the high today, take out stops nearby and then have a problem again...need to be careful, therefore. But usually it pays to sell before the news...
FX:UKOILShort
by sumastardon
Bitcoin: BTCUSD Last chance for low risk entry approachingBitcoin: BTCUSD Last chance for low risk entry coming up See how the old (now dead) rising support line is still trying to kill anything that comes near it? It's still toxic... You can see why day traders are wary of it, especially as it coincides with fixed overhead supply at the same 7350 level. (This stuff takes too long to write and too damn often what I think is about happen, HAS hapened by time it's finished ...very trying, especially as Bitcoin moves between 10 times and 1000 times faster than any other instrument on the planet. It was already on crack. Now it's doing steroids too. It's Jaws on crack and steroids and we've got it on the hook...maybe If you were slick enough to get long lower maybe you were slick enough to exit too??? If not, it's OK. We need to move away from that old toxic rotting line of rising support/new resistance, the left-overs from an old trail, to stay in outlaw-chasing mode....well there's not much selling going on from 7350 so far...ideally Bitcoin will trade sideways to down for a while and start to build support off 7260-7245 range and from there start to rise again. Look to buy/add from this range if tested. Will still be using a tight stop though just below 7220 just in case that old resistance line proves to be so strong it''s unsurmountable. If it gets struck, the risk is about 50 points. The potential reward is incalculable at present. It's the only financial instrument in the world you can say that about. Everything else has it's value, pretty much. Good luck!
BITSTAMP:BTCUSDLong
by sumastardon
3
Crude Oil Brent: UKOIL Looking to close out on test of 63.80UKOIL: Crude Oil Brent Update In the last comment stops were raised to just under 60 as we continue to run this long-pull swing trade to its conclusion, which may happen on Tuesday coming. The low yesterday was 60.01, so it came within 6 pips of stopping out before rallying once more. A damn close run thing, as Wellington said of the battle of Waterloo. Still looking to close out on the fourth strike of the upper parallel that's controlling this entire up-wave, around 63-80 to 64.20 range, if struck. If not will probably close out just before the Opec meeting on Tuesday coming. Long-time readers may remember we ran with the last Spring rally earlier this year right up to the morning of the Opec meeting on 24th May, selling right off the highs at 54 and then buying back at 44 and then again at 46 for the current rally. Selling on the news, well just before it, may well prove to be right thing to do again. Ideally, Brent will hit the upper parallel around 64 and that will be time to exit with 1800 pips of profit (with 30 pips of original risk) on a 4 month trade. (Try making those profits on Nasdaq, cowboy) Otherwise will likely sell before Opec (on Monday night). Of all the 100,000's of financial instruments out there from Bitcoin and other less reliable fiat currencies through to bonds and stocks no instrument trends like Big Oil. Nothing is so wave-like, trend-like, or, usually, so helpful to traders. If anyone knows a better complex to trade than Big Oil, from a technical perspective, please message. The stop has to stay under 60 for now.
FX:UKOILLong
by sumastardon
IBEX Index: Last chance to get long for 1346 points updsideIBEX Index: IBEX 35 Going well so far after breaking above 10460-10470 overhead supply. Minor resistance at 10600 but it shouldn't come back much below 10550 now (stops under here by 20 pips or so) so giving another chance to get long here with a small loss if wrong. It should rally to 10761 once 10600 is broken through, consolidate a little there and then rally further to 11168 - and then after another bout of consolidation to 11576 and then, last push to 11888 target. About 1346 points upside and around 20 points downside from here.
TVC:IBEX35Long
by sumastardon
GBPUSD Buy IdeaMy Long term view on this cable is buy. We are currently in a good place to look for buys. Bullish Scenario: Triple Cycle with Bullish divergence formed followed by False break. Until the last low holds we can expect the price to move up as the break below 1.2630 level was powerfully rejected. Bearish Scenario: I will be keeping an eye on the Daily uptrend line around 1.24-1.25. As it is still possible to see the price going down. If the current support doesn't holds, then we can look for sells only if we get confirmation and signals from the strategy that we use. Until then don't open a buy or sell trade. We can look for buys as long as last low at 1.2580 holds.
Short
by VladimirRibakov