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>>USDCAD<< >>January Week 3<< Short SetupUSDCAD just spiked back up from Weekly Key Level at 1.245, we possibly gonna see a drop back to my Level, bearish price action was very strong in the last couple of weeks. Broke short-term uptrend to the downside, our stops are at previous highs, our tp Level is at our actual low. This will be a quick one, so trade with care and watch out for fundamental news. Entry: 1.2505 Sl: 1.2600 Tp: 1.2385 Have a good one, I'm always happy about feedback :)
Short
by DACapitalTrading
2
XLMBTC analysisThere is strong resistance, we are just entering it. If todays candle will close above this line, we can expect rising to blue rectangle. What can happend and mostly happens after overcoming these strong resitances is small correction. It can goes to blue level where red arrow is heading. If todays candle will close like it is now, we can expect slow rising. In case this price level would be reject (long wick up and smaller body than now), price can crash to closest blue level (again red arrow heading at the level) or we can even go lower to stronger level made by two blue lines in bottom of chart. (This can especially happen if the rally what happened last weeks was not purely organic but was hyped)
by fanda
Sample X-Lines (14) working on Litecoin (1h) -- Instant automatic marking of levels on any trading instrument. Specify the strength of the levels that you want to get and the indicator automatically draws them! -- Just by putting horizontal lines on x-lines we get truly trade levels!! The more levels we mention, the more accurate the trade picture will be. -- The adjustment of the indicator is extremely simple, it is possible to change the value of only one parameter: Levels Power, which default value is 9. The higher the value, the weaker the levels, the indicator (correspondingly, the levels becomes larger). In the case of low figures, the indicator shows stronger and more important prices (correspondingly, the levels are getting smaller).
BITFINEX:LTCUSD
by JinFlark
Litecoin LTCUSD Key break level approaching Litecoin: LTCUSD Key Break Level Litecoin is doing well considering the mess Bitcoin caused yesterday. Bitcoin itself is making a reverse head and shoulders, but Litcoin is displaying a different trick. It cannot really be chased here, but slowly the bears are being rounded up around that sloping dynamic resistance line from the highs and soon the real battle will commence here. We can stand and watch if not already long - and then join the victors. It's likely to encounter problems between 278 and 293 - let it battle away but keep an eye on it until we see a victor emerge. Once 296 has been taken by the bulls it will be time to get long again on any pull-back looking for a retest of the highs at 347 minimum and more likely to 374.
BITSTAMP:LTCUSD
by sumastardon
2
ETHUSD Update Good for Day Traders, others look for lower entry ETHUSD Update Neutral in near term but still bearish whilst trapped under 440 Very interesting price action here: having sold at 468/9 we were waiting to see if ETH could hold up above the lower parallel...it tried so hard for a few hours but eventually it succumbed...failed breaks: remember the pyschology gone over in past posts...day traders are out almost immediately an ETH dives to find structure to left, losing the line at 446 like a hot knife through butter, finding support around the next line of support at 433/target level for bears to close out shorts with a low at 432 (mid structure here, so far) on the chart. Although day traders have bailed out some have bought back lower and others, bemused by the price action remain long...the pattern is confusing in the very near term at that point...bulls say it's cool, spike down, correction done, it's OK so long as 446 holds it up ...those looking at the bigger picture are not so sure ...we did the right thing to trap in profits close to the highs of the run: and not to get trapped at the 480 levels even though it was looking fine for a few hours before failing. It was OK to close out shorts at 433 too. But this pattern is not healthy now. ETH has not finished its rinse out by look of it. More stale bulls need taking out, still, before this is ready to rock again...it's till under pressure whilst unable climb back above 440 and hold up there...432 must hold now if ETH is to have a chance of stabilising here. Any failure here will tip ETH back into bear territory, forcing price lower to 418 and likely spiking as low as 410 before rallying back to 432/3. Annd if at any point 410 gives way by more than 3points look to shoort again on next pull back to 410 fr another decline to 385. Good trades here so long as we follow what the chart is telling us. Initial resistance at 439-440. Needs to break above here and hold before the bears will let go, then it should run up to 446-8 again and come off one more time from there. Good moves for day-traders here but for swingers and those looking to buy this at a good price it looks like we'll get a better chance from lower down if we wait, and not be tired by waiting, etc.
BITFINEX:ETHUSD
by sumastardon
2