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In the SNIPER'S SIGHTS.So, ETH is doing some nice and very technical moves here. I sold my position in ETH a few days ago, after our last great trade (check it at the end of this analysis), and now I’m waiting for the pullback. Follow me to keep in touch with our trades, I do daily analysis here. We bought ETH near U$ 175 and it reached our main target, U$ 215, which is a fib retracement. It practically touched the purple trendline, but the bulls are strong here, and now it’s back at the U$ 205. I’m still waiting for a real pullback, because I’m still not comfortable with this. In any case, let’s see how the hourly chart is behaving: Now that’s interesting! A double bottom just above a support, with a pullback to the black line (top between the bottoms), that’s classical. I usually don’t like to do fast trades or daytrade, but I’m seriously thinking in buying at least a little right now (maybe ¼ of my regular positions). But I don’t know, that kind of trade just isn’t my style, who follows me know this. I like trades that lasts for days, even weeks sometimes, and catch a big movement. ETH reached our main target and now there’s not much to do. If you are a sniper, like me, you are patiently waiting, no stress and no rush. The risk/reward relationship is not good for any trade right now, be it long or short, and I don’t think it’s worth. There are some opportunities if you are a faster trader, and I wish you luck, but as I said, not my style. I prefer to make few awesome trades that a lot of regular trades, and I trade only when I’m absolutely confidant. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
COINBASE:ETHUSD
by Nathan_The_Finance_Hydra
2
THE SNIPER TRADER STRATEGY.So, BTC is struggling a lot now, as the bulls lack the strength to break the U$ 9.2k and the bears don’t have the strength to sink the prices under U$ 8.6k. BTC was very easy to trade about 2 weeks ago and gave us a fabulous trade recently. We bought it just near the U$ 7k and sold it near U$ 9.2k, a trade that lasted 9 days. If you missed it or want to understand how we did it, I’ll put the link of our entry at the end of this analysis, there, you’ll find the explanation. Also, follow me to keep in touch with our daily analysis, and be part of our community. Now I don’t see a clear and comfortable point to trade BTC, as the daily chart is too stressed in my opinion, and the risk/reward relationship for any trade, be it long or short, is not the best. So, we are still waiting, like true snipers, with no rush, for the next trade. The secret is to be patient. It’s always good to look in the hourly chart for more clues: Here we can see how intense the struggle is. It seems that we have here a descending triangle, theoretically is a continuity pattern, and if you like short trades or are a daytrader, you can work with that. I believe that a greater pullback in the daily chart will only occur if the price loses the U$ 8.6k (red line). Personally, I’m waiting for a pullback in the daily chart, ideally it would be back to U$ 7.5k or back to that purple trend line, but we must have a plan B, and work with the possibility that this pullback may never happen. What we should do if the bulls dominate here? In that case, we still will need a pullback, but in a different scenario, because our main target could be the U$ 20k again. Look at the weekly chart: As I said in my last BTC analysis (BTC at U$ 55k? Is it possible? – link bellow), there’s a real chance that the bulls will destroy this descending channel and change the bearish trend. Pay attention at the volume, it’s different from the last bullish rally, evidenced by the purple rectangle. In that case, BTC will have what it takes to test the U$ 14k top, and probably to break it, if the bulls have the strength, and the only resistance remaining will be the U$ 20k. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
The bears came! But they are still too weak to my taste.Today’s movement was exactly what I expected from a bear reaction, as I said in my last analysis, in case you missed it, here’s the link: Now, although it was expected, I admit that I’m a little disappointed with the bear’s reaction here, I mean, they even couldn’t manage to touch the 21 ema today. SPX lost some immediate support, yes, and that’s an alert for those who are long, but that’s it. I overestimated them, but that's ok. Let’s see the hourly chart: I think we can consider there’s a H&S here, that was triggered through a gap. Now that’s interesting. In the daily chart, the 21 ema is at 2797 right now, and the target for this H&S in the hourly chart is 2792, the same point that served as support in the past, as I evidenced with a black arrow in the chart. So, the 2790 – 2800 zone is a good candidate for a support. Although I’m a little skeptical here (I really wish I could buy it near the 2640), we should stick to the technique. The bulls and the bears should watch out, and tomorrow we will see how this will work out. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
TVC:SPX
by Nathan_The_Finance_Hydra
3
BTCUSD - Thank you for this AMAZING trade!Ok, now I’m completely out of BTCUSD, I just sold my remaining position. In case you missed my last call on BTC, you can check it here, and follow me for more updates: Last call: The operation gave as a total profit of 17%. Not bad. I believe BTC might go even higher now, but I’m just trading accordingly to my technique. Just like Livermore said: "There is a time to go long. There is a time to go short. And there is a time to go fishing." I set the stop gain at the hourly chart, if it loses the previous candle’s low, I would sell. Check it here: Also, at the daily chart, BTC just reached that black line, which served as a support in the past (green rectangles) and is close to the U$ 9.2k. I’m out now, just waiting for the next move. Congratulations for those who did catch this trade. Now let’s wait for the next one. Just be patient, like a sniper. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
4
Bitcoin might test lower targetsBitcoin might test lower targets, because buyers consume all gas, and also price is at spot where price has to switched to sellers. After sellers will show how strong they are, we'll decide later if we're gonna stay in this trade. This is multi-timeframe analysis. Short term sell is h1 and lowerest sell is between h1 and h4 based on our strategy. On the other side, if sellers will not push price lower as expected on higher timeframe, then bullish sign might continue, if price will break through resistance, you can follow our previous analysis - expected channel touch. At the moment we're looking for potential sell by following arrows. Important is also H4 closing and M15 momentum flow Elitefxacademy
BITSTAMP:BTCUSD
by EliteFxAcademy
{SWC} FBM KLCI/Malaysia 30, Closing Bell 14th Apr 2020Thank you for your continued support! :) This Monday, the FBM KLCI main index closed 0.11% or 1.47 points lower. HKEX is closed for Easter Monday, and the US markets don't open until at night XD. Overall, KLCI was in sideway movement today. The bears teased the 1350-1353 region, but a quick support was found as the KLCI touched today's lowest point at 1352.78, leaving a long lower shadow on the candle. On the 15 minutes chart, we further project a series of intraday fibonacci key levels and found that the 38% at 1359.78 was putting up some resistance as the KLCI tried to move higher in the afternon. Will the 1350-1353 support hold next time? Stay safe, everyone :)
FTSEMYX:FBMKLCI
by ShareWorldConsulting
{SWC} FBM KLCI/Malaysia 30, Closing Bell 10th Apr 2020Thank you for your continued support! :) On the daily chart, the Footsie Bursa Malaysia main index had be sliding lower steadily until the fateful Friday the 13th in March where all hell broke loose, losing as much as 7% at the day's low. The result: a monster gap of some 45 points. Talk about a black friday! The development of the following week would come as dramatic as the last. The KLCI would continue the extremely bearish breakout until it found willing buyers on the 17'Mar, dangerously sustaining above 1200. A technical rebound was expected, but the unexpected magnitude of the 6.85% u-turn would send the bears routing. The continuation of that 83 points reversal would lead FBMKLCI to challenge the downward sloping short term moving average. For a while, KLCI would consolidate a new support on the 1317 region. Taking a more granular look of KLCI's performance through the recent hourly chart, the main index has staged an offensive into the gap of that same Friday the 13th. Pulling their punches, investors didn't want to overextend their risk approaching the week's close, preferring to take profits. The concern is understandable as the new round of OPEC+ virtual meeting is beginning on the global stage, while awaiting news on the possibility of Movement Control Order (MCO) extension in the local scene. Adding into the mix, the HK and US markets are closed for Good Friday, brewing more uncertainty for price reference to the big boys. Come Friday, the MCO extension was more or less expected, so the bulls aren't willing to give up much ground, having settled to camp around the price range of 1350 to 1353 - the previous high and 38% retracement. Cautious but optimistic, investors and traders await further news to develop through the weekend. Stay safe, everyone :)
FTSEMYX:FBMKLCI
by ShareWorldConsulting
- BTC - How big banks play monopoly in 2 stepsHello, Before we start talking about now let's go back to 2017 to demonstrate the simple business model of big banks. In 2017 before the futures every big financial entity was bashing bitcoin really hard ( Example: www.theguardian.com) The reason why is that because they are simply making the weak investors sell in order for them to buy more and then manipulate them back into buying in ATH and then do this cycle again ,They use fear and greed in order to that...That's not just for bitcoin but for every other market in the past 20-30 years. What is happening now is the same with coronavirus . Let's look at simple data: -SPX is down 16.62% -UKX is down 21.46% -DAX is down 21.32% And basically every other indices , And all for what ? A virus with 3% death rate (www.worldometers.info) that the media made it look like the new plague ? What i think this is ,Is the fear phase in which the week investors sell in order for big banks to buy . Back to Bitcoin , The best regions to buy BTC from is 5800-6200$ (Very strong weekly support) and 7200-7400$ (Weekly fib + daily support)
BITSTAMP:BTCUSDShort
by EzzDaghash