Facebook Swing Trade SHORT My first idea. I’m by no means an expert at this... constantly learning and I’m absolutely loving it. So please feel free to give feedback if you see fit! If you decide to invest based on this idea, do so at your own risk!
As you can see from my analysis, Facebook has been in a strong uptrend for a couple of months now, however I feel this is coming to an end.
Price is appears to be respecting the upper level of the daily channel that is in place. This is strengthened by an RSI which is classed as oversold and a stochastic indicator that is showing bearish divergence.
For entry, I would probably drop down to the 4 hour chart and wait for it to break and retest the red support line. I would then ride profits down until it reaches the bottom of the daily channel.
Long-term-short
EUR/USD Long position: confluence rejection after a retestEUR/USD Long position:
after rebounding on the weekly gravitational-trend and a very strong support.
It is clear that EUR/USD will start bouncing again at the top highs after a big accumulation that comes across a very sensitive strong support and a confluence rejection after retesting the gravity-trend of the triangle patterns.
Short And Long Term PredictionFor long term traders : a break above or below blue line will confirm our direction.
For short term traders : we finished 5 waves, the next wave after correction will indicate whether this is a genuine subwave 1 of wave 3 which started December 2018. Can wait to buy on 0.382 or 0.618 level.
GBPUSD Long trade and Short tradeGBPUSD has reached previous support level. Buyers were interested in this price range before. They might buy again. Try fading sellers. But the monthly and daily charts show a possible top. price has shot upwards and come down suddenly. If trading long term, fade buyers and go with sellers.
Candidate Bottom?As you can see in the above chart the situation is still uncertain, after a bottom done on the second support line of my Kama indicator (using as volatility factor 20 instead of 10) this market has had a violent reaction from the support. The situation for me remains flat waiting for btcusd to return above 11 thousand dollars confirming an upward reversal.
If a long term low is in, i've to admit that it looks a bit high to me compared to where the support lines of my bitcoin price model version 1.1 are located.
BTC Weekly consolidation on its way? Trading Style: Swing trading 4hr/Daily/Weekly
Observations:
Weekly Chart:
Doji at the top of the trend confirmed, by price trading below $3915 increasing the odds of a period of sideways trading or a market pullback in the following weeks.
BTC last weekly higher low $3337.87, BTC has grind its way all the way to the exponentials without establishing a new weekly higher low, there's a lot of room to work with.(keep an eye on 200SMA to act a a possible support for a new higher low)
Declining bull volume for the past 4 weeks indicating bulls are tired.
Seems like the odds are favoring the bears as of now, a weekly pull back to set a new higher low its clearly on the way. There's a clear shift in momentum in the daily and 4hr time frames that strengthen this point of view in my opinion.
Daily:
Uptrend has been lost currently setting lower highs and lower lows, confirming weekly pullback has begun.
Possible H&S formation taking place neckline around $3771
Very weak bounces after pullbacks, bulls not buying the dips aggressively, opening the door for bear flags in the Daily & 4hr time frames, keeping in mind that most likely the EMA12 & 26 will act as resistance if playing this type of bounces, I'll be taking profit as soon as price reaches them. (not currently interested in playing 4hr bear flags)
Possible Play:
The only trade I am currently interested is the possible H&S pattern on the daily chart, neckline around the $3770 area which also in previous scenarios has played as a clear support/resistance in the 4hr time frame.
I'll be looking to scale in my position during 1hr or 4hr oversold RSI levels (around the green box) with a tight stop loss below the neckline, looking to play a quick 2 or 3 day swing.
Please keep in mind that H&S like any other pattern don't always break to the downside but rather ''most likely" break to the downside, but unless volume and the charts tell me otherwise I'll keep this as my only clear play at the moment.
Disclosure:
I am in no way shape of form qualified to give any financial advise, this are simply my ideas and my personal observations. I believe that the best way to learn is to put your thoughts out there and hopefully learn from those that have been doing this for a long time, having said that please feel free and call me out in any mistakes, or things that I am overlooking.. Constructive criticism is very much welcomed, no better way than learning as a community.
Happy trading everyone!!
AMZN Bearish Triangle Wave + Fisher DivergenceShort opportunity in the works, indicated by bearish elliot triangle wave coupled with a bearish divergence in the 9-day fisher transform. May remain relatively flat on low volume until earnings reported on January 31st, or perhaps drop before then with the broader market on "trade tensions" and "fear of global economic slowdown".
Long-term view: Amazon has a lot of debt going forward in a market (online retail) that is largely saturated. Competition with Walmart, Target and other retailers putting their foot in the E-commerce space will force Amazon to fight a tough pricing battle in many of their key segments (i.e. consumer electronics, clothing). Competition will push retail prices closer to the cost of production, which will hurt Amazon's gross profits and ultimately, keep their net margin minimized. Without increasing net profit, Amazon will find it increasingly difficult to secure low interest debt. This, coupled with stiff competition and market saturation, will threaten to greatly reduce or stagnate Amazon's growth as a retailer going forward.
Short term relief USD/CHFThe end of last week saw a huge sell off of the Dollar Swissy, with the market overextending through a major resistance zone . Price broke and closed below the 1.0015 area, which indicates to me a possible long term bearish trend could be experienced. Price has moved quickly in a short space in time , closing near the 1.0000 level, at levels of high fibonacci confluence and previous structure. Opening a short term opportunity to possibly profit on a correction that is likely due. With targets at previous structure, I could look for a possible longer-term bearish move if price rejects that level.
DAILY
HOURLY
15 MIN
USDCHF Possible Butterflystill learning. * This is my view, and is not meant as advice for others to trade!
this is a long-term one. I saw this taking shape several weeks ago at the B leg, it did go to the C leg. But to even get to at what I'm hinting at, the D leg, we'll be somewhere in 2019 end of q1/q2. Going long now, would be the aggressive trade, and could be rewardable in the long-term. But this one takes patience, so, if, price gets to D, i'll short it. 1st target, at Fib retracement from A leg to D leg, at the .382 retracement and stop-loss at the Fib extension from A to X back to A leg, between 1.414 and 1.618 level.
Constructive comments/criticism appreciated :)
Safe trading
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May The Trends Be With You..... Always.
STORJ: Great opportunity for LONG TERMSTORJ is now in big downtrend channel (red). I expect a continuing of downtrend in the way of the red trend channel. But If we look at the chart from short-term, we can see short-term trend channel (yellow), where is a chance of breakout upwards. But it is only speculation. When the market breaks this small channel, there is a possibility to reach a previous bottom near the blue area (4600-4080 Satoshi).
STORJ is a cloud coin and he gets awards as a good start-up etc. From long-term I'm convinced, that STORJ will be useful in future. In this deppresion time for altcoins, it is a good time for reload the supply of this coin, even if the drop would continue.
At the chart I have market my opinion, my point of view. I expect this altcoin will drop more, but for long-term investors, it is good opportunity to buy this coin after every drop (step by step). The market could really drop to the levels 2000-1800 Satoshi and this will be the strongest support on the chart. I don't know if the sellers could get his price to these values. A lot depends on BTC move. From short or mid term I think STORJ will drop.