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Psychology

Few reasons why BTC must go down some moreTA is actually pretty simple here: 1) Bollinger Bands analysis - notice how the price was three times outside my BBs (21), marking a special condition of the market. That condition is called mass hysteria and it always calls for some kind of correction, which must lead us down enough to compensate previous strong bullish euphoria or speaking more technically - volatility means not only up, but also down. 2) June's rally was on lighter volume than October's one, meaning that the supply of losers for bulls to prey on is drying up. There is just no fuel for a new rally and we need to give it some more time. 3) The Directional system confirms that the uptrend is currently chilling down. 4) And the most conservative signal here, when confirmed - nearing bearish MACD cross. Moving averages are still showing up and that's not going to change at least until 2017, I bet - but the rocket is not ready for launch yet. Minimal target for downmove - 560, then 510-470 area.
BITSTAMP:BTCUSDShort
by zhsloe
4
GBPJPY / 4HR / BUYING OPPORTUNITY (June Promo)JUNE PROMO: www.StarProsper.com PAIR: GBP/JPY TIME-FRAME: 4HR TRADE: BUYING OPPORTUNITY In the Live Room with our Star Community, we decided to post one of our Trading ideas for everyone to follow along with. Have a great weekend Traders! NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE: www.youtube.com
Long
by UnknownUnicorn168204
7
AUDCAD W Bullish BAT PATTERN @ 0.9270Hi guys, Here we have a bullish BAT PATTERN on the Aussie-Canadian Dollar coming in at around 0.9270. This is a long-term trade so I'll be making sure I take into account my position size in order to manage my risk effectively. The reason why I love BAT patterns is that they give such good risk-reward which is obviously key to trading successfully. Stops will as per usual go below the X leg and targets will be at the 31.8% and 61.8% retracements. THANK YOU FOR YOUR SUPPORT! Trade Numbers: Risk: 270 pips x 2 = 540 pips Reward #1: 350 pips. R:R = 1:1.3 Reward #2: 550 pips. R:R = 1:2.1 Plan your trade... Trade your plan.
Long
by Krunal.Patel
CADJPY 60 Bearish CYPHER PATTERN @ 84.75Hi Guys, This is a bearish CYPHER pattern @ 74.10 and stop loss will be placed above the X leg which is used as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 65 pips x 2 = 130 pips Reward #1: 67 pips. R:R = 1:1 Reward #2: 108 pips. R:R = 1:1.65 Plan your trade... Trade your plan.
Short
by Krunal.Patel
NZDJPY / 4HR / BAT + CYPHER + (VIDEO)VIDEO: www.youtube.com BAT AND CYPHER PATTERN PAIR: NZD/JPY TIME-FRAME: 4HR TRADE: POTENTIAL BAT AND CYPHER PATTERN It's been a long time coming, but the analysis video is out and ready for your viewing pleasure. Hope everyone has had a great week and look forward to seeing everyone in the Live Room Monday morning. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE: www.youtube.com
by UnknownUnicorn168204
EURGBP / 1D / BAT PATTERN / POTENTIAL REVERSAL ZONEBAT PATTERN PAIR: EUR/GBP TIME-FRAME: 1D TRADE: BAT PATTERN Good morning traders. We have a nice Potential Reversal Zone on the EUR/GBP Daily time frame. I don't personal trade the daily, but will need to look for a case for entry on a lower time frame. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE: www.youtube.com
by UnknownUnicorn168204
UKOIL / 1HR / POTENTIAL GARTLEY PATTERNVIDEO: www.youtube.com GARTLEY PATTERN PAIR: UK/OIL TIME-FRAME: 1HR TRADE: GARTLEY PATTERN For those that have been watching me trade Oil in our Live Room, we have been doing extremely well. Here is another Gartley Pattern opportunity for us to Trade. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE: www.youtube.com
FX:UKOILLong
by UnknownUnicorn168204
AUDUSD / 1HR / POTENTIAL CYPHER PATTERN + (VIDEO)VIDEO: www.youtube.com CYPHER PATTERN PAIR: AUD/USD TIME-FRAME: 1HR TRADE: CYPHER PATTERN Hello Traders, I have this on my radar for the coming week of trading ahead. Waiting for Price Action to complete our Potential Cypher Pattern. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE: www.youtube.com
Long
by UnknownUnicorn168204
GBPUSD / 1HR / POTENTIAL OPPORTUNITIESGARTLEY PATTERN PAIR: GBP/USD TIME-FRAME: 1HR TRADE: POTENTIAL GARTLEY PATTERN Here we have an ABCD pattern towards the upside for a selling opportunity and IF we get a drop down, we also have an opportunity for a potential Gartley Pattern. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE: www.youtube.com
by UnknownUnicorn168204