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Mid/Long Term Active Bear AlgoWe have an active algo target down in the 2300 range thanks to our latest high spiking up into the golden pocket of the large move down from 6K. Bulls need to push the price back up one more leg above 5362 to get these algos to flip/stop otherwise they'll keep the selling pressure on down to new lows. We did see quite strong resistance/defense in the golden pocket, but with the market feeling a little bullish at the moment, it could be possible to push through, especially on a weekend.
BITMEX:BTCUSD.PShort
by CryptoKick
1
Mid-Term Bull and Bear Active Algo TargetsThese are the highest range swing-high/low algo targets currently active (with likely algo, aka. program trading, participation). Lots of smaller range stuff going on as usual. These are based on the algo assumption of participation entry between 0.618 and 0.5 and exit/flip at 0.65 with a target of -0.236. In theory here, the bull scenario is using a larger range and so it would likely be stronger than the bear scenario, however, we are still in an overall bear market and bearish trend extending well beyond the timeframes discussed here.
BITMEX:BTCUSD.P
by CryptoKick
HeidelbergCement AG LONG Signal In the making(mid/longterm)As you can see we are about to leave the downtrend. Have a look at the daily chart to have some better insight in the exact structure of the outbreak process. But for now I want to highlight the similarity between the price behavior right now compared to the last time we hit that similar price area. Pretty much the same movement and also Volume shows at least some change in structure. Let's see what we can get. My Plan for Now: Not quiet sure if that possible right shoulder is already done.. I could also imagine some more consolidation phase, but if not we are ready. This is a solid German company and I do imagine investing for longer term into it. But nevertheless less this is also a great short/midterm setup. Let's see if we can break that neckline of our pattern. I placed an alarm close above 63.00. I think if we climb above some more daily trader will enter the market and might push it even higher. Done for now. Let´s see what tomorrows opening brings us. Hang around for updates. Feel free to ask.. Stay safe out there.
XETR:HEILong
by WaveWizzard
1
BTC / USD - D - EMA 50 crushed !Hello there ! Happy monday to everyone ! Boys, girls, we just crossed EMA50 ! And that's pretty awesome and encouraging. The last time we were trading above was in november 18, before the huge dump that saw BTC going from 6500$ (13th november) to 3275$ (15th december). Since that, it acted as a resistance we were not able to cross. Morevover, the Ichimoku cloud was also crossed, adding strength to this new support (3750$). So what's next for BTC ? Well, some indicators allow us to say that BTC will keep going up short / mid term. - RSI : Right now, on the daily, the RSI is looking pretty bullish. We re sitting at 61.05 so we still have some space to go before considering BTC overbought. - Volume is building up and we re currently trading between 7 and 8 billion $ on the 24H. - MACD - The histogram is building up which is good indication of a strong trend short term. Our next target is he MA 100 that acts as a new goal / resistance for BTC. It's a pretty strong support as it's also the long term fib retracement of the late 2018 dump. I draw an EW (12345) that should meet the MA 100 pretty soon, with a retracement to our new support. Then, the fifth wave should test the 4200$ resistance that we weren't able to break before. We should keep an eye on ETH and LTC too. Some action from them can bring some to BTC too (LTC on the 08 feb and ETH yesterday). EP : 3750$ TP1 : 3900-3950$ TP2 : 4100-4200$ Have a nice day friends ! :)
BITFINEX:BTCUSDLong
by Weenray
1
Tesla buying opportunity I believe Tesla is nearing a new breakout. My belief is based on technical patterns, the current narrative, improving fundamentals, and potential inclusion into the indexes. There's always something going on with this name. It wouldn't be Wall Street's darling otherwise. Options traders can make a living trading this stock alone. Volatility can be vomit inducing or put you to sleep, depending on the week. To my best understanding the current narrative on the stock is that the recent quarter was strong, but executive departures and Big Money reducing holdings have overshadowed the price action. Morgan Stanley emphasized how the currently expanding and already massive supercharger network will act as a moat against the aspiring competition; this note was likely released because most saw the Audi commercial during Super Bowl and so the word is out that other brands are now focusing on electric options. I see this as Tesla fulfilling their mission statement to accelerate the adoption of sustainable technology and a bullish event. In my opinion the 2020 Roadster looks better than the Audi concept art but by inspiring brand pride the electric vehicle segment looks ready to explode and Tesla is already positioned well. Another huge piece of the current narrative is the looming convertible debt. The price is much too low for the conversion and you can bet your hat short-sellers will do anything in their power to prevent the current cash balance from growing. This leads me into the recent developments in the last two quarters. Before I explain the technical analysis above I would like to highlight some very important developments at a fundamental level. Since inception (barring two outlier quarters) Tesla has been a negative EPS company with a cash burn that accelerated faster than a Falcon Heavy. At times the outlook for the company looked bleak. However, with two quarters of positive and increasing cash flow and two quarters of positive EPS the future now looks much brighter. Particularly because these results seem to be organically driven rather than financially engineered. Demand for the Model 3 is explosive and isn't likely to wane anytime this year. More information regarding the model Y is going to be revealed next month and the Semi should be reaching consumers soon. Assuming the demand for these products stays how it has stayed for many years its safe to assume the step-wise compounding ramp Elon has explained is not just feasible but probable. This excludes developments on the solar front which have been largely hushed since the massive success in Australia. If Tesla maintains positive earnings into 2019 its large market cap will qualify it for nomination into the major indexes which will cascade a flood of inflows from index funds re-balancing to match the index compositions. I can't emphasize how bullish this scenario would be without putting a number on it: $500. My technical analysis above supports the narrative and the fundamental developments and so we'll begin from the left and move toward the present. In 2013 Tesla made its first big run. It consolidated here into a massive bull flag (fraught with volatility and an environment that favored bearish opinion) until 2017 when the next leg up occurred. I highlight these moves with red lines of equal size that should be easily noticed. Another long term trend line I like to use is the compounding curve from inception anchored at critical points. My critical points here were the 2016 lows and the base of the subsequent leg up. We'll refer to this again in a moment. The current chart environment looks almost identical to the previous leg-up and flag, with one key difference: volatility. Compared to the previous consolidation cycle this recent cycle has had its dips bought quickly and vigorously. Possibly due to the radically improving financial statements. I've used a mix of fib retracements to generate price ranges for the near term future and this is where I derived my price balloons. Notice that the price structure is forming what looks like a double-bottom inverse head and shoulders. Today's current price of $307.55 is sitting right on this fib 0.382 line. Support here suggests we move up toward the neon green area with my short term price target at $336.22. Reaching this price point by about mid 2019 would coincide with a rare alignment of tailwinds. First off, it would represent a full 2 year consolidation from the previous run up in 2017, similar to the duration of the consolidation cycle after 2013. Also, we'll have a couple more quarters of hopefully positive results from Tesla by then igniting the "index" narrative. This name comes with absolute risk and shouldn't be purchased or sold without understanding that. At any moment a bearish thesis could stick and the price could quickly find itself touching $280 or even barrelling toward the $250's lows. As a long term investor I say buy those dips, but don't rush into buying a falling knife either. Wait for consolidation and materialized resistance to make your move. If the price ever gets below the lows of the initial consolidation dump everything or buy a ton of puts. Prudent but wise use of puts can and probably should be used at all times when overweight this ticker. Many followers of the stock will know that Baird has had a $500 price target on Tesla for years now. Not ironically, the alignment at 4 full quarters of positive and hopefully growing earnings paired with my compounding curve and previous leg-ups would put the price just over $500. I'll stick with my $550 because the Tesla Network is going to revolutionize what it means to own a Tesla.
NASDAQ:TSLALong
by HyerQuality
XRP/USD Swing Trade Breakout StrategyHey everyone, I wanted to update my previous XRP/USD entries and targets. I believe that we are at the wave 4 of 5 and b wave of the correction. Currently I'm in a short position and I'm expecting C wave to touch .49-.47 zone and that's where I will ladder my longs. This is a mid-term trade so it can take a few weeks to build up let's see how that goes. Please don't hesitate to comment on it, any mistakes or critics are gladly accepted! Have a nice weekend guys see ya soon!
BITFINEX:XRPUSDLong
by KSPINVEST
BTC: Bearish scenarioWelcome peeps, I am solixouss, i started trading about a year ago. i used to watch the charts and the historical data, it realy worked for me. This is my Second TA and i hope it will play out like my first one. I am not sure at all so dont take this as an advice, it's just for educational purposes I am looking for this play to enter the market, first i think we will make a fakeout to around 3900 range and after that we might see that USDBTCSHORT is dumped to the Bottom trendline range (2300-2500 depends on when this will play out) Out of historical data you can see that we might see a big selloff at this range.. i have my fingers crossed :) Comment what you think about this chart please. Tips are welcome
by Solixouss
5
GBP/AUD LIQUIDITY FILL -ARE WE READY TO SEE 1.8000?It appears that once again the price was dumped into the psychological level: 1.7650 (in the midst of large fundamental talks) before price rallied 250 PIPS to the upside & potentially wiping out many traders short profits on the day. What happened here? Why is this a common theme in the foreign exchange markets? Why is it that so many people lose? Does this style of playing on the emotions and psychology of the masses in effect make the larger institutions money? or is it all a FAD? - Who knows? Maybe we need to open our eyes a little more. Anyway, the price action is as clear as can be and for as long as the pair trades above 1.7750 (weekly SUPP) then I expect buyers to step in, price to rise and some temporary faith to be restored in the hearts of those giving up the most energy to let their 'voices be heard' throughout the Brexit talks, votes and whatever other manipulation of the masses is occurring in the here and now. I always remain chart focused with a 10% outlook over fundamentals. After today I would be very surprised if GBP/AUD sinks into new weekly lows! We have a barrier at 1.7875 that we need to take out, a minor intraday dip may well form to around 1.7800-1.7820 then price may start to accelerate as many stops will be lurking just above 1.7925.
Long
by QW-Trading
Bitcoin LONG Opportunity 5000 TargetElliott Wave analysis here showing that we are currently in a consolidation phase of wave 2. We are range trading in what appears to be a consolidation triangle with upper bounds of 4085 and lower bounds of 3970 that is taking the form of a nice bull flag from the last impulse wave 1. On the daily chart, we are trading right below the 50 EMA causing pretty decent resistance. The (b) subwave bounced right off of it and back down. So I suspect the (d) subwave will do the same before the 3rd and final attempt will break through. This also coincides very closely to the neckline of the inverted head and shoulders I have drawn. If this indeed happens that we break through the 50 EMA, and the neckline, many people will jump in to buy and the impulse could be very bullish. Our first target/resistance would be the 4188 red resistance line. This showed strong support and resistance back to Fall of 2017, but again during the recent months in December. But this should not hold the bulls very long and they will continue up to 4426-4445 zone. From here we will need a retrace on Wave 4 back to retest 4188 (and very close to a retest the neckline) before Wave 5 impulse takes us to 5000 . So as you can see, I am quite bullish at this point. All though there is a lot of fighting to be had, we have a lot of positive signs. This right shoulder of the INV Head and Shoulders helps us see that we have printed Higher Lows since December 27th; that's 2 straight weeks. We are also trading above the 50 and 200 EMA on the 4 HR chart which is providing support now. I will publish an expanded view below to exhibit the full wave count and head and shoulders pattern. Beyond the 5000 target of this wave 5, we can obviously expect a retrace back to 4445 zone of the Major Wave 4 and then up to the Major Overhead Resistance at 5500-5800 . This coincides closely with a retest of the bottom of the descending triangle that formed from the All Time High last December. This triangle broke down and has created the recent bear market. So a retest of this area could spur another deeper correction below 3000 . On the flip side, in the near term, if we cannot break upward from the 50 EMA and the neckline of the head and shoulders with good volume. A weak breakout, or no breakout at all would be very bad news for the bulls, and my wave count would need to be reevaluated. I'm giving 60% chance on my first Bullish Option as drawn, and a decent 40% chance that we don't make a solid breakout and we continue downward creating another Lower High and more Lower Lows coming. See below for a blown out view! Give a Like if this was informative for you! Thanks. Have a Great Day!
COINBASE:BTCUSDLong
by bluemt95