Get started

Overbought

TSLA at the Top of Fib Levels. Short Anyone?I feel that I could write a book on the many reasons to short Tesla fundamentally; whether for the intense cash burn, lack of production know-how and legal and mechanical issues, but this becomes easier when the stock is a clear short situation. Here, TSLA is clearly at the top of their Fib levels and is seriously overbought according to the RSI. Even in a bull market, these kinds of setups make even the most ardent bull fear for the short-selling army. Not only does this trade look good in the short term, but it very well could be a position to hold for a considerable time. Know, however, that there are chances that when TSLA runs out of money there very well could be a buy attempt by another firm, so needless to say this trade is not without risk and profits should be taken accordingly. Disclosure: Disclosure: I/we have no positions in any stocks mentioned, and have no plans to initiate any positions in TSLA within the next 72 hours.
NASDAQ:TSLAShort
by jgree107
Trading levels for 06/12/2018FED DAY WEDNESDAY 06/13/2018. Hello everybody, here are the levels for trading on Tuesday, currently there is a little more volatility in the markets, let's hope and it stays like that throughout tomorrow's day. Moving forward if market keeps pushing higher we have some resistance at 7240 to 7260, after that, it would be ATH. We had no trades on Monday, market didn't move to our entry pivotpoints, let's see what happens tomorrow. PLAN YOUR TRADE AND TRADE YOUR PLAN K.R.S.
CME_MINI:NQ1!
by UnknownUnicorn253835
Waiting for that NFLX ShortNetflix risk is very high and reward very low. Worst of the FANG stocks for sure. Netflix has almost doubled this year with no mean reversion or accumulation of volume A pullback on netflix could see it lose 75% of its value if it returns to weekly volume node. I wouldn't usually short such a big gainer as NFLX, but the opportunity could present itself if it continues to rise as a parabola could short when that parabola breaks. I would watch for major momentum shifts downward, blow off tops, and break in upward trendlines to find long-term shorts with good R:R. Somewhat unrelated but if the global market goes bearish long term, Netflix would see the largest downside of the FANG stocks. I am not doom and gloom on the market or anything. I think finding some short opportunities both short term and long term is a good way to keep capital safe from unexpected market swings so we should always keep it on our minds and allocate some earnings to bearish plays when opportunity arises. By the way. Great alternative to NFLX in entertainment space is DIS: - Netflix net income: $671 million - Disney net income: $11.5 billion - Netflix market cap: $160 billion - Disney market cap: $149 billion Disney is at major support here, and a break down from a symmetrical wedge on the weekly is unlikely. Disney is generally safer being long established and dividend stock, but especially safe and bullish right now per its chart.
NASDAQ:NFLXShort
by autemox
WTI: USOIL Still on Target for 86.33 but overbought near-termWTI USOIL After consolidating off the 66.48 line but never threatening long stops under here WTI has pushed 550 pips and more higher to 72.28 so far. It's a little overbought in the near term and looks like it will consolidate back to 70.69 and then bounce 150 pips or so - and then come back again, doing so 3 or 4 times before it pushes higher still. The overall trend is still positive and will remain so as long as 70.37 holds in the near term and at the worst the 69..48 line holds up on any retests from here. Swing traders can leave long stops below here and let it run for now towards 75.28 and eventually to 86.33 (which is the minimum upside target created by the reverse head and shoulders on last update).
TVC:USOILLong
by sumastardon
[LTC-USD] BREAKOUT-EXHAUSTED-OVERBOUGHT!LTC had a beautiful break out of about 24% in just 5 days! Wow.. that was really nice. I hope we can see more like that soon. This bullish sentiment is on fire, now, and I can see both American , European and Asian markets finally all collectively work together in team play moving up the volume and price action of all crypto across the board. What a relief! Finally, we have some nice price action after 4 months of bearish activity since Jan.. LTC is completely overbought and I am not touching this until it corrects again between $161-171 PS. This is not financial advice, this is only for education purposes and I suggest you perform your own TA. If you learned even just one thing from my video then, please support me and give a like and feel free to follow me to see how I profit from my trades! Thanks CryptoBuzzAnalyst
BITFINEX:LTCUSDShort
by CryptoBuzzAnalyst
11
1] How to use Traders Dynamic Index and Complementary OverlayTraders Dynamic Index serves for crossover signals and are essential for trade entries and most beneficial when identified on over 30-minute Time Frames as on hourly time frames. I have made the options available of the oversold (green) 32 level line overlay which is useful in identifying potential buy zones/price. In KK_Traders Dynamic Index_Bar Highlighting it is also good to note that in uptrends : RSI ranges between Upper Volatility Band, Lower Volatility Band and/or relatively "within" 68 and 50 level lines as it has been doing on hourly time frames on Bitcoin. Direction and deviation of MBL overlay or Phaser from price is strong indicator of trend direction and price level/zone useful for those who are confused in knowing where price will have to average into. Promoting free and highly useful Indicators: KK_Traders Dynamic Index_Bar Highlighting Traders Dynamic Index Overlay "Price Action Channel Master by JustUncleL Restored" _______________ I had not used these guides recently which I have currently published. If anything (I ever do publish) varies contrary to these indicated guides and the coming guides to be published, the likelihood of failed forecast is augmented.
BITSTAMP:BTCUSDEducation
by YardleyRosette
[ETH-USD] ETHERIUM OVERBOUGHT! SPRINT OVER!ETHERIUM: SHORT TERM Etherium is finishing its 4th leg on the elliott wave cycle making its way up to test the $877 Resistance. Notice the BULLISH signal on bottom that was given on April 11th, 1700 hrs which is a GOLDEN CROSS on the 2 hr chart where the 50 day MA crossed over the 200 day MA.. That was the perfect signal to go long. However, despite the great news, Etherium is SO OVERBOUGHT and needs a correction and pullback to remain healthy and strong! Volume is progressively great but in the short term precisely right now, I personally would not touch Etherium, since I see it pulling back with the average correction being about 10% down. Which would put you anywhere between $605-$625 where the 200 MA acts as support at the worst on a short term few days thru 2 weeks. In conclusion , short term a rising ascending wedge is observed being formed which indicates a BEARISH SIGNAL and Both my short term and long term TA signals confirm a reversal is imminent and way overdue any day now! ETHERIUM: LONG TERM Looking at the 1 day chart below, we can see that Etherium was about $360.80 at its lowest point April 04,2018… In 29 days it has practically doubled with a growth of 93%. Wow! That is really good for Etherium investors ! What has helped Etherium is that since April 03rd, 2018 the market cap for Etherium has nearly doubled. On April 25th, according to coinmarketcap.com the 24hr volume even reached 4 billion which was awesome! This is all great bullish news in under 45 days. Signifying the bulls have taken over for Etherium! So what kind of obstacles are ahead for Etherium long term? Well for starters, its OVERBOUGHT right now and is due for a correction any day now. It has had a nice upside for 28 days straight, and the RSI is showing the buying pressure is slowing down and has started to correct. The OBV shows it consolidating for at least 5 days! The Chaiken Money Flow, CMF shows an arch, showings signs of decline on money flow. MACD , is still positive for small growth. The highest it would go in the next 10-15 days in my opinion would be testing the resistance at 38.20 fib retracement level at $861-$877 which I believe would FAIL, without "substantial" volume to break thru. Refer the the day chart below, but it's obvious to me that Etherium will be ranging between the 100 and 200 day moving averages. If it drops to the 50 day MA it would demonstrate a sign of weakness with a good buying opportunity for those were left out at about $534 being the bottom for time being if we remain with a market full of restored confidence! The most I see, with Etherium for the next 7 days is minor growth then, consolidation with an imminent dump long term ranging from a 12% thru 25% negative correction where the 50 day MA will hold as a support line at $519 PS: This is not financial advice and only for education purposes. Perform your own TA! This is only my opinion and should not be construed as financial advice. If you learned even one thing, then like my TA and follow me to support my channel. Thanks CryptoBuzzAnalyst
COINBASE:ETHUSDShort
by CryptoBuzzAnalyst
End of the Bull Run or just a Correction?We've had a really good run over the past 2 weeks. Obviously we were over extended and due for some kind of pullback, but the 200 day MA acted as strong resistance once again. Overall this is a bearish sign, however, due the length of this bull move we could just have a correction and then attempt to break the 200 day MA once again. If we can break this point, then I will be bullish up to 11800, which is the next major resistance zone. I still am under the impression that BTC has too much over head resistance at this point to turn completely bullish. If we can start using major resistance points as supports, then I would become more optimistic on the potential of a trend reversal. Clearly we are still within the bear trend, but you also can't ignore some of the bullish strength that's been displayed. But we can't simply go back up to 20k at this pace and I feel like it will be a long winded battle between the bulls and the bears. We will see though.
BITSTAMP:BTCUSD
by kickflip360
[EOS-ETH] EOS-ETHERIUM KILLER ROCKS!Closed my position on this trade. Took a nice profit of 81.85% from this swing trade in 5 days. This was nice. EOS is completely overbought in my opinion. It has already sold over 12% and I believe will start dumping hard. EOS is considered to be the etherium Killer! This block chain in my opinion will rock into the future very well! PS This is not financial advice. Do your own TA, give me a like and support my channel if you like my content! Thanks CryptoBuzzAnalyst
by CryptoBuzzAnalyst
[BTC-USD] SENTIMENT ON STERIODS! OVERBOUGHT!Bitcoin has been organically bullish since April 17th, 2018, which is where I'm personally declaring the bullish trend has possibly started! As I mentioned, I like organic growth. I despise, whale & HFT pumps on any crypto and I never account for any of that to be real on my technical analysis. As much as I'm a bear, the high volume in the last 5 days is proving directly to me this is definitely turning around! Remember, I keep many spreadsheets on excel and have a lot of formulas set up with projections on price action from a mathematical standpoint. I am not a mathematician, but I did graduate in Architecture and have an engineering construction management background. So, I can get very technical if I need to be! I keep logs on all my short day trading and have a 83% win ratio. The feedback I'm getting from some viewers is that my overall accuracy is about 50%, which is guess is good. I have no idea how they came up with that percentage. lol.. The general sentiment of BTC is super high right now. People have been waiting since Jan to make some money..I believe people are too desperate to make some money, and that is why you should be careful of your entry points. Its all about psychology. Don't follow the sheep and join the FOMO! You could loose a whole lot. Wait for confirmations! But the lowest entry point i made was at $6,700. If you missed that one. Well here is your next best entry point considering how bullish we have become in the last 5 days. My next entry point should be around low 8000k as discussed on my video here! As I mentioned on this video , VOLUME to me supercedes anything! Without Volume , there are no solid bull rallies! Remember that your risk reward ratio should be no less than 1-3.. I always shoot for higher if I'm going long! Too many traders take extremely short term risk and don't even know how to account for risk /reward ratios. Good Luck till my next video! PS. This is not financial advice, you must perform your own TA. This is very educational purposes only! Thanks, give me a like if you enjoyed this video and follow me to see how I consistently profit in crypto. CryptoBuzzAnalyst
COINBASE:BTCUSDLong
by CryptoBuzzAnalyst
2
GBPJPY 1H - SWING TRADING STRATEGY THAT WORKSStep 1 Wait for the price to touch the Upper Bollinger Band The first element we want to see for our simple trading strategy is that we need to see price moving into overbought territory. Any swing trading strategy that works should have this element incorporated. Note The preferred time frame for this simple swing trading strategy is the 4h time frame, but the strategy can be used on the daily and weekly time frame as well. Step 2 Wait for the price to Break below the Middle Bollinger Bands After we touched the upper Bollinger Band , we want to see confirmation that we indeed are in overbought territory and the market is about to reverse. The logical filter, in this case, is to look after a break below the middle Bollinger Band . This break below middle Bollinger Bands is a clear signal in the shift in market sentiment. We at Trading Strategy Guides don’t trade breakouts without disseminating weather or that there are real buyer/sellers – in our case, sellers – behind the breakout which brings to the next step of our simple swing trading strategy. Step 3 Swing Trading Indicator: The Breakout Candle needs to be a Big Bold Candle that closes near the Low Range of the Candlestick. Sell at the Close of the Breakout Candle So far our favorite swing trading indicator has correctly predicted this sell-off, but we’re going to use a very simple candlestick based method for our entry trigger. In this regard, we want to see a big bold bearish candle that breaks below the middle Bollinger Band . The second element of this candlestick based method is that we need the breakout candle to close near the low range of the candlestick . This is indicative of strong sellers, which really want to drive this currency pair much lower. Step 4 We hide our Protective Stop Loss above the Breakout Candle The breakout candle has a lot of significance because we’ve used it in our candlestick based entry method. We assumed that this candle shows the presence of real sellers in the market. If the high of this candle were to be broken, it’s clear enough that this is simply a fake breakout as there are no real sellers. Step 5 Take Profit once we break and close back below the middle Bollinger Bands or with a 3 to 1 risk ratio. In this particular case we’re looking at a short trading example. So, if the price breaks back above the middle Bollinger Banks it’s time to get worried and take our profits as it can signal a reversal or if our 3 to 1 risk ratio has hit. The reason why we get profit here is quite easy to understand as we want to book the profits at the early sign the market is ready to roll over. Note The above was an example of a SELL trade. Use the same rules – but in reverse – for a BUY trade.
Short
by Tradingstrategyguides