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Panic

RIG testing crucial multi-year supportFrom February 2011 until November 2016, a major resistance trend line has kept RSI well below 50. In November 2016, there was a minor breakout, which ultimately failed and re-entered bearish territory. Since August of 2017, the RSI has held above this trend line until this month. After the RSI resistance breakout in late 2017, the trend line has been tested on 3 different occasions for support; - February 2018 - December 2018 - August/September 2019 We are currently BELOW this trend line, but the monthly still has one full trading week left. They say the more times a trend line is tested, the weaker it gets. Although I agree whole heartedly with that statement, it truly depends on the area you're attempting to trade. With investor sentiment currently in the toilet due to Coronavirus, there is an extreme amount of fear and a record number of short positions. This trend line is now very very close to oversold. With price below it, it is in my opinion a very strong buy signal especially if accompanied by a hammer close. On the most recent successful support re-tests, price wicked below and closed as a hammer, even after strong bearish pressure. Currently, RIG is only 00.08 points away from exactly 30 RSI. SERIOUS bullish RSI divergences are present in the daily, 2D, 2W, monthly, 2M and 3M charts. There is especially strong bullish divergence in the MACD on all time frames above the weekly. MACD: RSI: Monthly zoomed out
NYSE:RIGLong
by UnknownUnicorn5836947
OFF TO THE RACES - Hope you bought this dipHey there, support this idea with your likes please and make sure to follow me here on TV! Classical ascending triangle on Bitcoin as the most trustable reversal pattern in my opinion. I would now expect a consolidation here between 6k and 7k befor moving higher to 8k+. If we really manage to get to 8k this week, then this will the an amazing reversal engulfing candle on the weekly. Until then, while it is still possible to reverse and move lower, especially short term, I think the low is in with 95% certainty. Accumulating down here is the thing to to people. Even if we move sideways for multiiple weeks and months like we did back in 2014/15, the time to buy is now, when everyone is panic selling and fear is great. Take a look at the Bitcoin-fear-and-greed-index. ALL TIME LOWS Cheers, Konrad
COINBASE:BTCUSDLong
by EnlightenedTrading
If this is not textbook Wyckoff's theory what is it then ?In the last couple of days, I was overwhelmed with panic theory and I almost believed in emotional selling and a huge drop in the Bitcoin price. As soon as I saw the Bitcoin price is rising against the flow of all markets I understood something is not right and after visiting my charts again I was wondering how could I not see this. As you might know crypto market is not as big as other markets and most of the volume you see is faked by exchanges and the smaller the market gets it's easier to manipulate it. First of all, you can see how they used the panic state to drop prices as sharp as possible and absorbed all the selling in phase one then followed by the accumulation phase and buying climax plus low volume test at the end. If you are familiar with Wyckoff's theory you can see the phases completely. 1-huge fall in prices using news 2-accumulation phase 3-buying climax 4-breaking accumulation phase 5-low volume test Please let me know your thoughts in the comments.
GEMINI:BTCUSDLong
by arnemati
2
$DAL can fall in next daysContextual immersion trading strategy idea. Delta Air Lines attempted to reverse the trend yesterday. The attempt was failed. Today stock opened lower than yesterday's close price and continue falling. Despite oil prices falling, the general condition for this stock is shortable due to COVID-19 panic. Profit from lower oil prices is not enough to cover losses from lower passenger traffic. I suppose the price will be falling in the next days. So I opened a short position from $42.40; stop-loss — $44,36 — over today's high; Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NYSE:DALShort
by KozakHlib
2
TEARS FOR THOSE WHO DUMPED THEIR GOLD! Loads of traders - mainly gamblers and those on small time frames - were taken out by a panic in the Gold markets which were affected by bond markets and stock market flake out of 3,500 points (DJI). True traders - not gamblers - had an idea what was going on. In this screencast I show an opportunity to go long - subject to acceptable controlled losses - and based on probabilities arising from the technical picture at this time. NOTE carefully that this is not advice or a guarantee. For every probability estimate in one direction, there is a residual probability in the opposite direction (to be managed by a stop-loss). See also Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself.
FX_IDC:XAUUSDLong
by Captain_Walker
4
Entering the Bears realmBase on my analysis, Prepare for a plunge below 7400. More precisely around 7320. For now it's locked in a range, but since yesterday, there was a confirmation (MA crossings) telling we're in another mood now (bearish) If price goes below 7300. It may enter another range that would make the price drop to 6500. It's time to place a SHORT (sell) margin trade. don't take my words for granted, make your analysis analyze again, then trade at your own risks. Don't hesistate to hit the LIKE button and to subscribe. Thank you
BITFINEX:BTCUSDShort
by Atemak
2
BUY Opportunity NOW (+3% gain)Base on my analysis, the "Niagara fall" movement of Bitcoin of the last hour is a panic sell that won't sustain. I've seen a trigger on my indicator that tells it's the bottom of the fall and a sudden rise is already in place. I've placed a SELL trade 2 hours ago, so I'm now at +9.91% benefits. (Price is at 8679 USD when I wrote). I'll stop immediately this trade to take the counter trade ==> BUYING. I don't say the fall is fully over, but a Bullish small cycle has begun right now. At least +3% increase Don't take my words for granted. Do your analysis and trade at your own risks. IF you like my ideas, please thumb them up. You can also follow me for future ideas. Thank you
BITFINEX:BTCUSDLong
by Atemak
Small yoyo but UPDon't think the up move is over. Not on my daily graph at least. A down correction is preparing. It won't last since bulls have not finished their up cycle (It's seen only on a daily chart). Note the level at 1.06303 it's a key level. It'll surely become a weak resistance level (easily breachable). Price will possibly climb fast to 1.06303 after the down correction. watch also level at FIBO(1.272) it's a nice level for Bullish trades since it synchs with a big old candle weeks ago. FIBO1.272 is linked to price at 1.07302. To view that level shrink the graph a bit vertically. price a 1.07302 will be a real resistance line (=FIBO 1.272) Don't take my words for granted, do your analysis and trade at you own risks. If you like my analysis hit the like please, and subscribe also. thank you
Long
by Atemak
alright not gonna lie i f'ed up hard shorted bitcoin too early!!I will problably at this point be forced to be short squeezed I do see bitcoin at $300,000 in the long term and I just have to make 100% sure I don't miss this run... I was going to buy back in at 4500 when I sold at 5300 range.... however I didn't get it I thought at the most it would push up to 5700-6500 and that would be the top before a correction because major 6k resistance was so close and I didn't think it would just go straight through it like it was nothing.... but it did and now I am very very butthurt obviously I will not buy back in at these prices youd have to be a complete retard to buy in right after a 200% pump in literally 8 weeks.... but... I will problably be forced to buy back into this correction closer to $6,000 and get short squeezed pretty badly..... from 5300.... I do believe this will correct to 4500 but I can no longer BET ON IT ANYMORE I MUST MAKE SURE I OBTAIN THEM AND NOT GET LEFT BEHIND AND THE ODDS ARENT HIGH ENOUGH FOR A DROP TO 4500 ANYMORE!!!!!! I DO STILL BELIEVE IT WILL HAPPEN BUT I CANNOT BET ON IT AT THIS POINT ITS JUST TOOO HARD OF A DUMP TO BET ON HOWEVER IF IT DOES I WILL PROBLABLY TAKE OUT A LOAN FROM THE BANK OR SOMETHING TO BE ABLE TO COMPENSATE FOR GETTING SHORT SQUEEZED BECAUSE I HAVE SOMETHING INSIDE OF ME THAT JUST ABSOLUTELY CANNOT LET THESE BITCOINS GO!!!!!!!!! I CANNOT LOOSE THEM I MUST GET THEM BACK SOMEHOW SOMEWAY I MUST IF I HAVE TO TAKE OUT A LOAN I WILL DO WHAT I HAVE TO DO!!!!!!!!!!!!!!!!!!!!!!!!!
BITFINEX:BTCUSDLong
by jordanmorin13
7