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BTC/USD The Forgotten Triangular Pattern I am sure everyone knows BTC is about to make a huge move. From May till June even on the current moment BTC/USD is moving very slow and getting less and less volatile. BTC halving is already over is and is going to moon right? 24k here we come!! Here is a warning!! BTC is still within a strong triangle pattern, and still, in a strong downward pattern market, you can see in the chart I made the triangle pattern started to form at the end of 2017 and yet to be broken. I ain't optimistic about BTC/USD could break the triangle in short-team (now and in the near months). Zoom in and looking at the 1D Chart: BTC has attempted to break 10k area and hasn't succeeded yet, the 10k area remains as the strong resistance before BTC Moon. And I am really pessimistic about BTC's ability to break it now. Here my reason; From the RSI the bear in on a steady pace controlling the market, as the RSI keeps on decreasing the bear get stronger, which only makes BTC weaker to break the 10k resistance. Also, capital seems to get out from BTC, less $$$ in more $$$ out, in other word market are not interested in buying BTC anymore, and selling it. Just take a look at the BTC Dominance Chart. Hence I suggest keeping an eye out for the Altcoins market, Altcoins season seems to be nearing, and start to build short setup for BTC. The last question from me, Are we now on a consolidation phase for an upward trend or we had reached the exhaustion point of the upward trend? Share your answer with me on the comment section below, and like the post for more upcoming analysis for BTC or Altcoins.
COINBASE:BTCUSDShort
by RX_Wolf
2
GBP/CAD up rally then a short at the 50 Fib daily retracement.The overall market in the weekly has been ranging there for a recent rejection has occurred in the weekly resistance and there's a high chance price will come back down the the weekly support. The daily chart has been respecting the 50 FIB retracements towards the down trend. Price appears to be aiming for the golden zone .5 or .6 of the FIB around so we are expecting an up rally before the trend breaks and we short again.
by CertifiedJimenez
Ontology USDT Could do its thing in Matter of time. BINANCE:ONTUSDT has already spiked over 220% since the low of March levels. This is a long term and has well calculated risk to reward ratio. Please do not take it as an financial advise. Both cases are explained in chart close below demand zone could push us towards support zones. A push upwards from here can take us to next levels as mentioned in the chart. Possible long entry could be a retest of EMa-200 on daily TF 0.5910 levels but a wick down from here looks highly likely Therefore try placing scattered bids within demand zone. For mid term perspective i would say Take most of Profits in Trouble areas where EMA300 is sitting at 0.6836 . Always take profit and use Stop loss. never risk more than you could afford losing. Happy trading.
by CognitoBTC
HUGE 371pip short on CADCHFToday I entered a huge huge 371pip short on CADCHF - with the reward risk ratio of 7.41. I'm looking for a break of the marked 4H structure and for it to retest and continue down to the desired target of 0.66215. I know a lot of people will say this is ambitious, and I agree - but I from an analysis that I'm following and have checked out. I feel that this is a great opportunity for a longterm short. Something I'll be keeping in mind would be the news coming from Canada on Wednesday - especially the CPI report which will certainly have some High Impact on the Pair. Please let me know your guys thoughts! *Please note this is my own personal analysis, and I strongly recommend that you carry out your own analysis before executing a trade. Please do not take this analysis as gospel.*
Short
by danieljamesfx
1
Indeed it does look fantastic todayIndeed it does look fantastic today. Not so much DANGER MONEY as before here the danger is reduced 10% (approx) compared to the last increase when it went close to: B. 0.00000140 Hey! Have you seen any keyboard with a Bitcoin Character ? Just like the one we have for $$$ ... It's a Joke: Ok. -- Next time you have a chance to talk to Bill, ask him to make some new ones. Always remember to do your own research and look for proper financial advice before you invest your money. Please
Long
by Claudio18
Will the BEARS continue to get CRUSHED? Price at Key Area!The TVC:SPX gained another 3.01% last week. Our view last week was that there was the potential for price decline to 2800 which would be a good area to go long. However the Bulls are clearly still very aggressive in this market and so we did not get that retest. More importantly price was able to close above the important level of 3000. I believe we may get a drop in price before a BULLISH continuation, this view is also supported by a monthly gain of 3.57%. This week I will be looking to add further positions in key buying areas.
TVC:SPXLong
by Too_Ray1
S&P500 Choppy Previous Week - Potential further declinesPrice has been range bound now for the last couple of weeks and I wouldn't be surprised if we move lower in the coming week, falling into the 2700 handle as The TVC:SPX failed last week to create new highs. I think the market needs a strong catalyst to break the most recent high around 2900, however I wouldn't add a any new positions until we break the 3000 handle. Alternatively I think buys will look good around 2700. My overall bias for the marker remains bullish!
TVC:SPX
by Too_Ray1
XRP Ripple / BTC Correlation Good time to buy Ripple? Approaching Halving we almost all expect a nice pump and dump (of some sort)... If we can hold above 2246, I'd personally say it's a fair bet to get in with some more Ripple. Bitcoin has been rather bullish since the dump to 4k along with nearly the entire Stock Market. My outlook on the correlation between XRP and Bitcoin is rather simple... Looking Back To Last Halving... 2017's biggest cryptoassets ranked by performance 1. Ripple | 36,018% 2. NEM | 29,842% 3. Ardor | 16,809% 4. Stellar | 14,441% 5. Dash | 9,265% 6. Ethereum | 9,162% 7. Golem | 8,434% 8. Binance Coin | 8,061% 9. Litecoin | 5,046% 10. OmiseGO | 3,315% 14. Bitcoin | 1,318% Long-Term Entry: 2248 Sats Long-Term Stop-Loss: 2239 Sats Will Update With Target... This will be like the related play below on a much larger time-frame DO NOT TRADE THIS, NOT FINANCIAL ADVICE :) DotcomJack
Long
by DotcomJack
3
DXY bearish biasBeen holding onto this TA for a while now. I posted it on twitter a lot earlier, you can follow me @thecolour_red. On the chart you'll find 3 seller owned levels and one key liquidity area below that holds bullish sentiment. Currently, 100.39 has rejected price and is being challenged by buyers in the aforementioned zone. Fundamentals: -the rejection was printed before the Core Durable Goods figure release and the flow was corroborated on the DOW -additional QE will drive down the bid in the long term Sentiment: -Dollar is overvalued at the moment when compared to G7 currencies Price action: -major squeeze playing out, as you can see from the chop of last week's PA on lower TFs -more patterns printed on lower TFs Technicals: -double top and resistance holding -price currently in range (floor is the bullish area) Additional notes: -BoJ MP statement early in the week (key part of macro analysis and will add bias to global flow)
TVC:DXYShort
by madebyforex
LONG CRUDE WHEN EVERYONE IS BEARISHGood Day Traders! Here's the trade idea and do let me know if you have any questions! 💰💰💰 Simply following us and we will get you guys our latest updates FOR FREE! Go to the link below & hit the " FOLLOW " button right now ! 👉 www.tradingview.com 👉 www.tradingview.com 👉 www.tradingview.com Our CRUDE setup Rules: 1. LONG ONLY when price touched the white box. (Checked) 2. LONG ONLY when bullish candlestick formed in 4H/1D chart. 3. DO NOTHING when above #1 & #2 are not met. TP 1 : level near 28.00 TP 2 : level near 36.00 CL : closed below 15.00 RR > 5 Follow us Rule_no1 and get latest FREE updates ! "All winning professionals know the enormous importance of psychology. Most losing amateurs ignore it." DISCLAIMER: There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Trade at your own risk.
TVC:USOILLong
by Rule_no1
2
The Next Bullah's RunThis is a Long Term Analysis... Every Bull Run has 2 things in common with a Bear Market and that is of course the Long Term Resistance and Trend Lines, by ANALyzing :-D the past I've come up with the next bull run's resistance and support lines. Don't make ur investment into a complicated web of complex strategies, I will sell whenever it hits the long term resistance line and buy when it hits the support trend line. The next Bull Run will last at least 1200 days this will put BTC at a staggering price of $392,000 - $650,000. THIS IS NOT FINANCIAL ADVICE (Do Your Own Research). May The Creator Give Us The Wisdom 2 Invest
BNC:BLX
by ankhramsiswmriimn
1