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My Analysis Of Gold Price Next Week - Another Big Short Possible From what I can glean, the damage on Friday's Short came from an M_Top pattern on the Hourly-Chart. These breaches at the neckline are notorious for huge sell-offs. One thing I am being mindful of is a more extensive M_Top pattern on the 4HR chart. But the scary thing is that the neckline is only 0.69% down the Gold-price corridor. Scary stuff hey! But wait, there's more! A breach of the neckline around 2482 could wind the Gold-price back to 2434. Now, I am not saying that is definitely going to play-out. We just have to be careful with the USDX again rallying next week. This is just a scenario that is possible. Why? Please read on below. As it turns out, the 2434 level where price 'could-go' is right on the Daily-chart 50EMA and just below that is a firm 4HR support level at 2432. If this plays out, support would be made around 2432, and so long as price holds at this level there would also be firm support by the Daily 50 EMA. Here is the Daily-Chart which supports my theory. * This is my own analysis of the Gold-price. This does not constitute financial advice on whether you should be buying or selling the Gold-price. * Trading is Risky. Please don't solely accept my setups or financial advice. Glean your research from a variety of professional traders.
EIGHTCAP:XAUUSDShort
by Easy_Explosive_Trading
5
AUDUSD - WaitingHey traders, it's Friday and we probably won't get into the analyzed zone this week, but at least we know what to expect! Most successful trades are based on waiting. I personally prefer setting up multiple TPs , here's an explanation: 1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns 2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE 3) 5-10 :1 means bonus money with rest of trade volume 25% In this way, I ensure that my equity curve grows consistently without significant dips. Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position! If you like my analysis, give a follow, I'm going to do it regularly every day!
by TraderDominik
Is history going to repeat? BTC/USDTHi all, Bitcoin shows me a pattern that looks suspiciously like the pre-announcement of the dip in May. I don't like to predict the market myself, so I'm definitely not going long or short based on this information. However, these are indicators for me to be alert. What corresponds to May? 1 and 2 have already been implemented. Possible scenario 1 It may be that price drops even further. if that happens, then I shift the Fibonacci with it. If not then the 0.61 - .81 zone is interesting for me to keep an eye on. This zone corresponds to the decrease earlier in November. This is also an area where manipulation can arise for long contracts. Only when this happens I will look at an opportunity to go short. Price action on lower timeframes is important here Possible scenario 2 Scenario 1 is currently predicting the market. As I mentioned, I do not enter into trades based on this current data. We need a lot more data to explain future rises or falls. Another scenario is that we see a temporary consolidation and then rise further in the longer-term trend. What is your view on bitcoin?
by MerijnTrades
1
PieDoa Filled w/ Bearishness?My Fellow Crypto Traders, Appreciate you taking the time to view my analysis in which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing. Cheers & Happy Trading! ------------------------------------------------------------------------------------------------------------------------------------------ ANALYSIS: Due to lack of historical data, TA is 90% based on past experience w/ possible developing formations. PieDoa formed a double-top in which a minor correction took place, however, seems very possible a deeper correction is developing. 5 min time frame signal 9EMA cross over to the downside, and 15 min time frame signals possible movement to the upside. W/ Chico Crypto pushing this as one of his low cap gems, we can possibly see a shakeout to 0.0017939WETH before we see higher highs. Especially now we see ETH slowing down, one last deep to validate who has the strong hands before positive price action.
DShort
by AB_Trading-Intelligence
LINK Looking A Little Bearish (Short Term)My Fellow Crypto Traders, Appreciate you taking the time to view my analysis in which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing. Cheers & Happy Trading! ---------------------------------------------------------------------------------------------------------------------------------------------------- ANALYSIS: It seems that LINK Marines and their longs are hitting a relatively strong resistance level , in which LINK has failed to penetrate through this level. Moreover, w/ the market sentiment signaling greed, it would not surprise me if we see LINK re-test lower supports as a momentum builder to go on and make higher highs. However, w/ BTC maintaining dominance w/in the market, Atls remain second fiddle. This narrative of BTC holding on to dominance for a while longer is supported by BTC's money velocity chart showing lower lows, signaling people are holding BTC vs's trading. Thus w/ major institutional players buying up BTC induces these aggressive BTC moves to the upside.
BITFINEX:LINKUSDLONGS
by AB_Trading-Intelligence
Lets check possibilities for todayI have some channels and ideas for today, lets check them. I told that several times, macd shows them a big trend is coming and you see what happened and also I was talking about rsi and down trend. So in my idea we have two options here as always, which one will be the winner for today? it will be more clear for me in a few hours, lemme explain this chart. Rsi has a support line in a few days and it broke last night and we saw a big down trend, that line could act like dynamic resistance now, cross under happened in ma's and price formed a bear flag(not confirm yet). We are still in dynamic channel by the support line which like the bottom wedge of the big ascending triangle I talked about. I will confirm bear flag if I see a candle above green line and a respect to red line in chart(9650), I can confirm up trend if I see a candle above red line(9650) or breaking the resistance line in rsi(red line in rsi). In my idea we will see 9650 again and the consequences of failing in break it will be 8700, but if we break it, we will see another try on 10k. Personally I'll wait to see the reaction of 9650, and rsi reaction to red line. If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading. Take care, trade safe
BITMEX:XBTUSD.P
by AminHa4
4
Resistance on the AUDUSD front?Hello Traders This week on AUDUSD, we can see price has broken the down trend, created a V formation in the chart and has now come up to the previous high at the 0.66670 area. Price hasn't yet hit it's final level of fibonacci resistance at 0.786. I will be keenly watching this pair, as well as AUDCAD and AUDJPY to see what trading opportunities arise. Hopefully price will try to continue it's downtrend, but if it breaks this area of resistance, I could then be thinking about looking at a long position if it suits my trading strategies. Please like and comment on this chart, any questions please do not hesitate to message me on here or on telegram. @Roo_Martin Always happy to help. Happy trading Roo :) Please remember I am a hobby trader, this is not financial advice and any losses or gains are your own! Be sure to like and comment on the chart and follow me on trading view.
by RuairidhFX
USDJPY HAS REACHED ITS FIRST LOWER HIGH AFTER SUNDAYS SPIKE DOWNHere I'm on the 15min. time frame at the first lower high from yesterdays spike down. I'm waiting fore price to show me a trustworthy bearish engulfing setup. The candles in the red box are a bearish engulfing pattern but the red EMA is not over the blue yet. The yellow box is an engulfing pattern as well and the red EMA is now clearly over the blue. Now waiting for the next candle to close bearish in the blue box. Once that happens I will place a sell order after the close of the bearish candle in the blue box.
Short
by Jay223
2
BTCUSD More room to fall. Possible Scenarios. Martin Trend LineFor now here's the chart will try to write out what im seeing tomorrow, im tired lol. Martin Trendline confirms my bearish out look for the time being probably through next week. Waiting for a nice V bounce From around 5500/5800 could be either but i think 55 even 5200 may be where we see the beautiful V Reversal we all love. If we dont see a strong V reversal i fear we may be in a triple bottom scenario, which i could see price dropping to 4800, even 3600, but i doubt the whales would do that itd be too obvious with last trade dates for CME BTC futures that started trading in December 2017 coming up June 25th. Maximum return on a short position that was opened at $20,500 (was reference rate for the peak). Shorting on trades in january or more importantly February would add more risk on a long term contract, that would be expiring this month or next month. So the longs started building up, thats why we saw the bull traps, people saw that futures were trading up so the uneducated (myself included) thought that would mean price was essentially going up now. Cause futures trading in march that expire in september would be awfully risky to short so while those contracts are trading it naturally makes people think its worth the money to buy it now as opposed to then.
COINBASE:BTCUSDShort
by Silvertoe