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[BTC-USD] BITCOIN 6% CORRECTION-MUST WATCH! -STOP LOSS FAILED!The purpose of this video is not only to provide a TA on what happened March 13th, but also to describe how dangerous using a Stop Loss limit order can be! My stop loss did trigger but it did not have a chance to insert my order on the books and sell it off. Never insert your stop loss and limit price too tight! If the market has a flash crash or a volatile spike like it did for me last night you will be holding the bags for a while and possibly get screwed it the price does not rebound back to your price area where you bought. Learn from my mistakes! I will never use Stop loss limit orders from GDAX or any other exchange as long as I live. I will only use limit orders to buy and sell or maybe market orders for quick entry and exit. But with market orders becareful since you can have some slippage as well. Thats why to me Limit orders are the safest. If would have had a limit order i would only have lost 15.00 bucks. Im down about $500 as of this video making. For my sake, I hope BTC does not take any further and I hope the American can lift this market back up today before midnight. If you enjoyed this video, give me a like and please be careful. This was a life learning lesson for me! CryptoBuzzAnalyst
COINBASE:BTCUSDShort
by CryptoBuzzAnalyst
3
EUR/USD: Double top confirmed! Check the update!Hey guys, I published this weekend the idea of having a double top formation on EUR/USD. It seems the idea has been confirmed. To complete the pattern, I am now looking for the pair to test the 1.22 area which is a strong support. We had an impulse and we are in a correction phase. I am not excluding further down pressure because of DXY rebound and EU current and coming weakness. Check the explanation in my chart. If you like my ideas, please support me with a like or a comment. You can also refer to the initial idea (EUR) below to have the whole picture. Cheers Jesse
Short
by SwissPips
5
BTC, The moon is in the well.Have you ever read the story about the fox, the wolf and the moon? It was written by La Fontaine. To sum things up, the wolf wanted to reach the moon but an optical illusion made him chase it down a well...where he drawned. This tale is both simple to understand and actual since people are still trying to chase a "moon" that could definitely hurt them. Aside from that, the analysis shows a bear market. No news in that. The 8k support level I identified on Jan 17th (see related ideas) still holds, with a second support at around 5500$ in case the first one is broken with supporting volumes. Notice the "death cross" on the 12,26 MACD...this fall is not supposed to stop soon. The entire Bitcoin cycle is definitely into the "fear/capitulation" phase. No wonder things escalated pretty quickly. Best trade here is no trade and keep liquidity. As usual this is not a trading advice, merely my idea. Stay safe out there!
BITSTAMP:BTCUSDShort
by SteveEnnom
AUD/JPY 1,740+ BEARISH SELL!The AUD/JPY Monthly time frame is in a large sideways movement. The market created a down ABCD swing from resistance towards support with a D extension price point 69.10 about +1,740 Pips bearish. The market is at a high price hitting a future resistance and showing great bearish signs. I'm sowing you on the Daily time frame where I plan to enter, because it gives you a much clearer picture. Stop will go 10 pips above MOST RECENT high. Happy Trading :)
Short
by JeremyJSanchez
GBP/USD Forecast August 28, 2017, Technical AnalysisThe GBP/USD pair gained rapidly during the day as Janet Yellen started giving her speech in Wyoming. We have broken above the 1.2850 level, and also tested and broke the 1.29 handle. That’s an area that could have caused a bit of selling pressure though,but the pair run and reached 1.30 level before succumbing to selling pressure. Because of this, I’m will only be selling the highs on this pair this week. I am not interested in buying the British pound right now, because it has broken down rather significantly, and in the recent past. While the Federal Reserve may be somewhat dovish, at the end of the day the British pound has more issues. Good luch this week.
Short
by Capital75official
potential short on USDJPYHey traders Here we have a potentially nice setup forming. Price has reversed within the 50.0% & 61.8% fib retracement. Price has reversed on previous structure formed earlier this month. Multiple lower lows and lower highs forming. MA lines have crossed showing a change in trend on the hourly chart. RSI has touched the 30% oversold mark previously but selling has continued to keep price bearish. I know some traders have already entered this trade, however i'm going to wait until price moves below the current structure zone it sitting on, this move may only be a matter of hours. So potentially enter around:112.75 TP1: 112.00 TP2: 110.00 SL: 113.50 Good luck traders, let me know your thoughts. Plan your trade, trade your plan.
Short
by Frankyfnz