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OMG GUYS.!!!!! THIS IS WHY BTC ISNT CROSSING $50K NOW.**************Important update guys************ (Warning) BTC isn't gonna cross $50k by september. History has been so unkind to BTC this month for past several years. Add to the fact that last cycle we had a rejection from golden fibonacci level. History is repeating once again guys BTC is going down to .38 level which is around $42k. Also it will be testing the bull market support band there around $42-43k. The RSI is also looking weak on the 4hr and soon it will be showing on the daily too. The rollover is for real. So instead of putting long order start shorting BTC to $42k and hey don't short to extreme hedge funds or institutions. Let the retailers do the job. From then $100k is a definite possibility.!!!!! (As per S2F Model) Till then happy trading my bears and bulls.!!! Regards Dante. An artist of Cryptocurrencies
BITSTAMP:BTCUSDShort
by desmondmilesdante
2
Silver: Grinding downMarkets find their favoured trend. You can't really know what's what. But with a volatile instrument like silver you could bet it was going to be a big time frame. So this 6H trend south is most interesting. 'Everybody' knows that silver is going north. Okay so the present price point is close to the ATR line. Some say 'three times' lucky. Well, if you're depending on luck what are you doing trading? Get to a casino. The malaise in Gold and Silver is worrying. But I won't be surprised if price falls further south, because in other posts I said that Gold and Silver suffers when there are recessions. Some say, "What recession?". Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FX_IDC:XAGUSD
by Captain_Walker
Golden pocket (0.618 fibonacci) at $42,513 (BTC) Good morning traders, Bitcoin made an attempt to break the rising wedge but found support and ended up retesting the wedge which I think is normal because when something breaks a pattern it usually has a retest before continuing. I've circled the two area's of breakdown and the retest locations. (yellow circles) Golden pocket (0.618 fibonacci) at $42,513 is an area of interest. Break below this level and we probably retest the downtrend from ATH's but a bounce from this level should be expected even if it's short lived. Here's a possible 5 wave count if we do end up breaking down and falling lower. Please like/comment to show support, thank you. 👍
BITFINEX:BTCUSDShort
by YurloTrades
9
FuboTV Channel!!Money Makers! When looking at FuboTV on the daily TF we can see it trading in a nice parallel channel. It's making lower highs into support which is a sin of weakness and may continue lower if support is broken. We'll need to watch closely how this stock reacts at this zone in the coming days. Love it or hate it, hit that thumbs up and share your thoughts! Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect! This is not financial advice. Simplicity Wins
NYSE:FUBO
by rnaofs
NZDJPY: Stay tunedThe chart shows development of a serious 4H trend south. Price now struggling out of an RSI trench and could be forming a reversal or rebellion pattern. Generally RSI trenches are not places to go short, as basically you're late in the game. Of course price could disrespect the RSI - I've seen that happen - but generally initiating a short in a RSI trench (with a probably rebellion pattern) is low gain and risky. My plan to tackle this: 1. Avoid FOMO. 2. Wait for a position of advantage - if price returns near a flattened area of the ATR (amber line). 3. If price gets there in a rebellion, then I short with for a controlled loss. Sorry I don't give specifics nor do I give advice. I give my opinion which is quite often wrong. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
by Captain_Walker
DOT new entry chanceThe last idea was posted on Aug.06. You can find the link below. 41% profit since then. Now right on the level that has acted as big support in the past, so now should be big resistance. RSI is high, but not oversold yet on 1hr chart, volume going down and we have a chance for a retest of the previous low. If you are not into scalp trading, a short trade is possible only if that (red on the chart) level is broken, or the support line of this ascending channel. If this ascending channel is broken to the upside, we could see a parabolic upside move, since this is a bearish figure, and if broken down, some bigger correction is in the cards. If still in a long trade, I recommend moving stop loss under the support line of this channel... Below is also a chart of a longer timeframe for the big picture...
by PhilosophersStone
GBPJPY 4H BUY Great British Pound (GBP) / Japanese Yen (YEN) 4H Time Frame BUY OPPERTUNITY Yesterdays bearish analysis was a success Going from 151.488 down to 150.457 which was actually lower than stated. According to my analysis at the moment GBPJPY is still bearish heading down towards its support at 150.457 then will carry on down towards its next support at 148.877. Once its hit that bottom support it should turn around and start racing up towards its high support at 152.512. I will be doing another update on this pair tomorrow. If you like my analysis and brief give it a thumbs up. If you have any questions please feel free to leave a comment or send me a direct message. I will reply to all messages. THE CRYPTO PLANET
by TheCryptoPlanet9
Audio in ascending channelWe published AUDIO update on 31. Jul, since then nice LONG entry, was on 04. Avg, and we are in profits 60% so far. Since then, AUDIO has established this nice ascending channel. The million $ question is when and in which direction this channel will be broken. At least for now it looks like we are going to test the lower trend line of this channel. RSI on 1h looking down and MACD lines looks like wants to make death cross... But the volume of this falling move weakens and we also have previous high which now acts as support. Set your levels and wait for the next nice move...
by PhilosophersStone