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SP:SPX
TVC:SPX
OANDA:SPX500USD
FXOPEN:SPXM
EIGHTCAP:SPX500
AMEX:SPY
BITSTAMP:BTCUSD
COINBASE:BTCUSD
INDEX:BTCUSD
BITSTAMP:XRPUSD
CRYPTOCAP:XRP
BINANCE:XRPUSDT
POLONIEX:XRPUSD
Short-long
BTC failed to breach 48k once againHello everyone, as mentioned in other ideas, I’m just a day trader looking to learn. Im in no ways an expert so please don’t take my ideas as financial advise. Always do your own research.
As I suggested in my first post, BTC attempted to breach 48k just before new year, formed a descending triangle and with options expiryng at 00:00 (With the max pain price at 48k) I expected a sharp down turn to the 46k support, which ended up playing out.
Then in my second idea, I noticed the 46k support was holding and I expected it to rise facing some resistance at 47k. I noticed it formed another descending triangle, and thought the pair would re-test de 46k but it broke to the upside and re-tested the 48k resistance.
Now after re-testing the 48k resistance, BTC is down to 47k and forming a new descending triangle, with the MACD in a bearish position and the RSI turning down. I expect the price to re-test the 46k resistance and, if the 46-45k resistance is broken I expect a sharp drop to at least 42k (A great place to enter a LONG position).
Personally Im waiting for the pair to reach lower prices (42k or lower) to enter a LONG position.
Again, this is just my view. I would love some feedback.
Cheers!
Brent Crude Oil, take these trades (Short and Long)Brent Crude oil is turning upwards. 250MA has recently changed direction and crossed the .382 fib level, we can expect a bounce of the 250 MA. Short the market down to this level first before entering the long. Very profitable trade if the price can respect these very strong levels.
BTC Bounce Back!?What do we have here?
BTC just slip to $47k . It did not happen just because it happened. It is perfectly hitting the price target for the M Pattern or The Double Top with low volume from our Awesome Oscillator Indicator.
The bulls tried to continue the bull run but no volume is available, so the bears overpowered them with the whooping $4k lost in price action.
What is the next price target we are looking at for BTC?
Currently we are on a healthy retracement from RSI oversold. breakout to the upside from the channel down trend line. Buy in the green price and take profit in the $49,289 for the breakout price.
With Awesome Oscillator, the index is still telling us that we still have volume to go down so we can expect more to the downside. of course with retracement as our RSI is already oversold in 1H TF.
Other Possibility?
If you are not planning to go against the trend in the bigger picture. you can wait and short when the price reaches The FIB Retracement at 0.618 then exit at the current support ($45-46k). However our price target is way below the major support ($45-46k), we can target profit around $44,800 for the breakout price of the rising wedge. since $44,933 is the breakout price for The Head & Shoulder Pattern inside the rising wedge, so the Golden Ratio we are expecting is about $44,280.
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BTC - For Personal Record Premise behind this:
0.768 is normally the max pain in crypto. I don't think we will go sub 30K, but I do feel like it's been a bit too easy lately. Everyone seems too calm with this contionued downside. I do not have a fully established wavecount and this is basically a set of a REALLY aggrtessive expanded flat setup.
Interested to see how this pans out.
Bullish response to this will happen FAST. VERY fast. It will leave everyone who sold here in the dust.
RC poop tweet and GME’s future price action RC has tweeted on several occasions something poop themed. From Harry’s ski chateau blowout to an ancient looking compooper chair to taking a glorious dump in the metarverse. I anticipate a retest of the lower trend line before price begins to reflect the massive upside we all know GME has. Maybe RC was hinting at more bearish PA before the rip to the heavens.
Bitcoin 2019 fractal spoted on daily (quite major)As things heating up and quite bearish i remembered a similar setup back in the summer of 2019 (see chart) ...
369 EMA is not a well knowed moving averge,yet the number is a fibo number and the moving averege itself works quite nice in case of BTC on all timeframes(some uses 377 ema)
As you know we are in similar position today ,price is right on the 369 daily after a major drop...in 2019 price went into a bear trap (-10%) then went up massivley.
In current situation it means ,that price could drop to 27-29000 usd in short term (this week) then shout up possibly to 45000-50000 usd per btc .
Bearish December continues for BTC. Here's a quick lookHere's a quick look at BTC Daily chart. As we can see, the price has previously made several bearish retests of the red trend line and has had no success breaking through it yet. The price needs to penetrate the red trend line in order to avoid further downside.
The price is currently being held down by 2 big resistance lines shown with light red and light blue.
The bullish scenario is this: The price breaks back above the blue downtrend, then retests the blue trend line and bounces off the blue trend line and in the end breaks and holds the red trend line.
For now the price will oscillate within the red box and may do so for the rest of December. But a break above the red trend line could turn things around very fast!
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What Is a Wedge in the context of trading?:
"A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts.
Key Takeaways for Falling wedges:
1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods.
2. The patterns may be considered rising or falling wedges depending on their direction.
3. These patterns have an unusually good track record for forecasting price reversals."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
EUR-USD last sell then upeur usd is bit messy this week but it's getting clear that eur usd wants to go down for the last time so the banks can close their short positions and after that, the price will shoot up to grab all the liquidity from above.
don't take it as financial advice and I'm here to help but not give signals so be patient before you place a long/short
BTC potential area to break or reject for 2nd chance to exit.If BTC rejects this sloping uptrend then I will exit major positions and go short as this is a 2nd chance to exit.
I'm not confident in the overall BTC market after the recent pump up to ATH, it is due a major retrace to stabilise. This is not the time to enter long positions for good Risk to reward.
In being sensible I am waiting to see how BTC reacts this week, if it rejects from the sloping support I will exit major positions and hold cash in high yield stable coins.
GBPUSD Hi there. As u can see we got our range and we got external OBs as well as one internal OB which was created after BOS inside of the asian Range.
This is not financial advice DYOR before taking any actions. Carefully watch those levels. U can go to lower TF and look for confirmation entry. But most of the times price will just spike to those levels and revers.
GBPUSD Analysis - It will head upward Welcome back! Here's an analysis of this pair!
COMMENT BELOW and let us know your thoughts or questions!
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XAUUSD PASSBY TRADE15 MINS TF. WHEN BREAKOUT EITHER SIDE, CONTINUE TO TREND UNTIL NEXT SUPPORT/RESISTANCE/TREND LINE.
15mins tf when breakout either side, continue to trend until next support/resistance/trend line.
ALICE bull and bear scenariosHello everyone, hope you doing good.
* This is not a financial advice, use the idea with your own strategy and risk management *
Few days ago, I wrote an idea about ALICE and shared with you a great setup ( Hope you didn't miss that one )
as we reached target 4, now we have to figure out whats the next move, as you can see in the chart below, we have a trend line that price has been rejected many times before and we are getting closer to it, two scenarios are also drawn on the chart below :
1. Green arrow = Bullish scenario : in which we break out of this level and since there is no actual resistance I think we will have a ride to ATH
2. Red arrow = Bearish scenario : in which we will get rejected once again and have a ride toward bottom
be patient, watch how price will re act to some certain levels, if you saw weakness it would probably mean that we are going to go down, but if we broke the trend line with a good bull candle, its most likely a bull market.
good luck !
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#Sand | 1D Bearish Divergence | #MetaverseHello Padawans,
First of all, do not take this as a piece of financial advice.
I'm planning to bring quick signals like this in the future.
Okay, let's get into the topic.
Sand is a developing under metaverse projects. In so shorting this in this time is highly risky.
But I see a 1D bearish divergence in the chart. But the fundamentals are bullish.
let's see what's gonna happen.
cheers.
May the force be with you.