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Levelsandzones

The fall continuesAs we expected, the price had corrected to 1.20 and then rushed down again. We anticipate the dollar to strengthen further and an overall decline of the pair. At the moment the body of the candle is below the level of 1,1920 and in case of fixation on this level we expect the advance to the level of 1,1860. Technical indicators are also giving confirmation on the sale. Because of that we advise to take short positions and set Take-Profits near the level of 1,1860.
Short
by SuperForex
ANTICIPATING THE MARKETThis idea shows how the Sentiment Index indicator clearly anticipates big shifts in the Market. The first situation shows the EURUSD consolidating between late 2016 and spring 2017 – the consolidation was characterized by a consistent decline in the Bearish Sentiment which ultimately led to a strong uptrend until early 2018 (1500+ pips movement). The second situation shows the EURUSD in an opposite setup – a sligthly shorter consolidation charaterized by a decline in the Bullish Sentiment and a consequent breakdown of the pair.
Education
by a.b
27
Predicting market moves with JUST ONE INDICATORThis idea shows how easy it was to identify a massive opportunity on BTCUSD with the Levels and Zones indicator. Basically, after days of sideways movement, the pressure started to build up and ultimately a massive explosion took place! First, the Resistance Level moved significantly down (hence pushing price lower), then the Support Level made its move up (hence pushing price higher). Give it a few more time for the pressure to increase further (price is forced to move into a tight channel) and then the explosion takes place. You can find a similar setup before most of the major impulsive movements across any asset and timeframe. First, pressure builds up then, the explosion takes place!
BITFINEX:BTCUSDEducation
by a.b
41
Thoughts on ETC Before AirdropWith ETC 4/5 days from the airdrop, we are sitting on a pivotal support level 300-320K. ETC has to hold this level and challenge the sharp downtrend that has continued for the past 5 days. I believe that we are still in a bullish trend as long as the bottom trend line is held but it may not be up to ETC to move if Bitcoin coins to be hyper volatile. If you notice the volume the past 5 days has completely died down because of this. I believe we will see another pump in the next few days but i will not be as strong as previously expected. We are also approaching the 50d EMA which could provide some support. Remember to set sell targets around previous resistance levels to ensure profits.
by JusKno17
The long-awaited SPY correction is hereThe SPY finally had its long-awaited correction with a 2.12 percent drop last Friday (see www.reuters.com). In this graph, both the yolk and white are based on short and mid term support and resistance levels. I'm expecting the price to travel along the yolk, breaking out through A , and finally breaking through B . In both scenarios I'm expecting a sideways/bearish movement for the next days. --- "Letting losses run is the most serious mistake made by most investors." - William O’Neil
AMEX:SPY
by adelriosantiago
MSFT, automatic marking of important market prices with X-Lines.Regardless of the traded markets (stocks, currencies, currencies, metals), you can use the x-lines indicator to automatically build prices interesting to the market (support and resistance levels). The indicator has only one setting, this is the strength of the levels (default is 9). By changing this value, you can customize the indicator for any tool. The lower this value, the stronger the levels will show the indicator. For a more visual look, simply place the horizontal lines on the levels of the indicator. Click the related ideas tab below and add the indicator to your favorites.
NASDAQ:MSFT
by JinFlark
ETHUSD Perspective And Levels: Higher Low Appears. New Supports.ETHUSD Update: Higher low reversal is established and upswing continues into minor resistance area. New structure on the hourly chart indicates further strength and offers attractive areas to buy. Yesterday between 5 and 7 PM EST (UTC -4) price failed to make a new minor low at the 187 area and reversed. A new upswing emerged and at 3 AM, and presented a higher low (HL) at the 200 price level which is the .618 of the new upswing (Picture perfect reversal and one of my favorite structures) . This was a great place to open a position using 187 as your reference point for a stop. If you missed this like me (because I want nothing to do with a computer or a phone at 3 AM), there are new support levels to consider moving forward. IF price retraces into the 214 area (.382) of new upswing, and presents a reversal pattern or candle, I will be looking for longs here, with a stop at 194. On the upside my first target is 241, which is the major trend resistance that was recently compromised. RR is slightly over 1:1, and then the rest of the position will attempt to hold for new highs. Keep in mind price may not reverse at 214, and may retest the .618 area of the recent upswing which is the 204 to 196 area support. This 204 to 196 is the secondary support area that I will watch for reversals and possible long entry. Risk/reward is much more attractive here since I can use 187 as my stop while using 241 as my first target. There is some minor overhead resistance which is related to the .618 of the recent bearish swing which begins at the 230 area. In strong markets, I expect supports to hold and resistances to break and since 230 is not a major resistance, a push through to retest 241 is reasonable. Managing risk is not always about your stop placement, but also about how you manage your size and how conservative/aggressive you choose to be. On aggressive trades, often I will take a smaller position, and if I'm right, I can always add either on a minor retracement or even a breakout. If I'm wrong, I lose much less than I normally would even with a wide stop. I mention this because it is hard to report all the details about getting into and managing a trade, especially on smaller time frames like an hourly or less. We all know things change very quickly in these markets and this bullish scenario that I am anticipating will no longer be in play if price declines below the 187 swing low because a strong market should not be pushing lows. The BTC community can push a new drama on the market, and next thing you know we have another consolidation. The best analysis in the world cannot anticipate BTC drama, something to remember. In summary, this market has a presented bullish reversal structure on this time frame which indicates further strength. I am looking to enter if price presents opportunities at the 214 and/or 204 areas. My intention is to sell some to lock in profit using 241 as a target, and then to hold the rest. Any break back below the swing low of 187, then this scenario is cancelled out. Comments and questions welcome.
BITFINEX:ETHUSDLong
by MarcPMarkets
8
ETHUSD Perspective And Levels: Large Scale Wave 2 ?ETHUSD Update: Dramatic price movement always calls for evaluation of the big picture. The 136 low is dramatic and causing a great deal of discomfort (if you read the ETH forums on Reddit). Again I have to say this market is not as bearish as it feels. This is a zoomed out chart of this market since is pre 10 dollar levels. Looking at this from an Elliot Wave perspective, the rally that took this market to the all time peak, can be a large scale Wave 1. Currently we are seeing a sharp retracement which fits within the Elliot Wave rule: Wave 2 does not go beyond 100% of Wave 1. Technically this market can go back to 6, and still be within the rule, so I understand the critics of this subjective reasoning, but the reason why I am pointing out the possibility of a large scale Wave 2 is because of the support zone that price is within at the moment. 160 is the .618 of the entire upward swing (Wave 1). Typically in a sharp Wave 2 correction, price will retrace into the .618 area of Wave 1. On this chart, this area is 160 to 94. It is a very wide zone and it is possible for price to touch 94, stabilize and reverse to begin a large scale Wave 3. This is very similar to what happened with BTC back in 2013 to 2015. In 2013 BTC reached 1000, (Wave 1) and eventually retraced back to the 200 area (Wave 2) and then went to 3000 this year (Wave 3). A large scale Wave 3 in ETH should take this market beyond it's all time high, but this can take 6 months to a year to play out in my opinion. On the big picture, the key resistance that needs to be compromised in order to signal healthy large scale buying is the 240 area. This is the .382 of the entire bearish swing. Unless that resistance is taken out to the upside, this market more likely to continue lower toward the 94 level. Within this .618 zone, anything can happen, especially with the UASF hype and overreaction. I expect price to stabilize within this zone, especially AFTER 8/1, and I will stay out of this market until then. I want to remind the less experienced traders and investors, to not worry about "missing out". People thought 160 was a great price to buy, and it went to the 130s. And price may still go as low as 94. In summary, I am now neutral on ETH since the 160 support break. My intent is to catch the next large scale leg back up, but the market needs to let me know when that possibility is more reasonable to expect and right now, that is not the case. It is very possible for a large scale reversal pattern to appear, but there is nothing in site yet. I am going to sit back and let everyone else worry and stress over the UASF. Once that is out of the system, price will provide a much better idea of where it wants to go. This evaluation is meant to provide a broad overview of this market and to offer perspective. Any comments or questions are welcome.
BITFINEX:ETHUSD
by MarcPMarkets
4