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Gold- short working so far.GC is moving in direction of my trade. I will take at least half profit at where my target zone is. I have tightening my stop to my entry now. So this now be like a free trade. Yellow line channel being followed nicely. The bottom yellow line is weaker support then upper yellow line give resistance. Also pivot at target is weak. These 2 confluent things mean GC may continue lower than my target. Depending on how chart looking at target I might stay in short and make a trailing stop.
COMEX:GC1!Short
by UnknownUnicorn11430563
4
Bitcoin over US dollar potential breakoutHello traders, hope you are all doing well In my opinion I believe there will be a breakout. Needless to say even though if bitcoin does not go short (which I highly doubt within the timeframe) I believe that a breakout will occur from the the yellow large resistance line in the graph as shown. If predicted so, a high upwards trend will likely occur and will go upwards of 50000.00. Also following up from the RSI, maybe not in the timeframe shown but maybe the 1 hour period, it shows a potential upwards trend to take place and then predicted to go down. Again this is just my opinion and everyone has their own. However I do believe this will be the case and would love to get your opinions and ideas in the comments. Thanks!
BITSTAMP:BTCUSD
by sullshw
2
GOLD- I am going short. While Markets run.I have decided to take position in Gold (GC). Reasons: - following nicely down channel (Yellow lines) - Indexes are running hot!! - top yellow trendline show very good resistant properties. Down channel show okay support, not great. this means well that it could continue below this support. - 0.50 fib is show resistance and 0.50 is important fib line. - decent profit to risk ratio. - my target is pivot as seen on chart. But this is weak pivot because it already respond to even early pivot. So this means I can stay in trade if I want when target is close depending on situation. This also go along with weaker bottom channel support. I am always transparent with my trading. I show losses and wins no matter what. I always be honest and show you what I do. I do not put all my trades up on TradingView because I would be a lot of work! so let's see how we do. If you find this idea interesting then please like and follow.
COMEX:GC1!Short
by UnknownUnicorn11430563
2
Which direction we will go?Hi, there is an update to the current situation of inverted SP500 graph We are currently in a kind of wedge which can go in both directions. Imho March will be definitely "deciding month" in which direction the stock market will go. Therefore, it is appropriate to consider risks - to be in the market or not to be in the market and with what % of an amount of capital, eventually consider to protect yourself by some short positions or options. Scenarios: 1) Currently I would expect to move from the current 3900 points to about 3800 points (cca 3% correction) is the minimum healthy correction we should make. 2) Deeper correction, which would mean wedge to be broken. It may occur in parallel due to some bad news (for example higher inflation - helicopter money, battle usa-china, some covid bullshit etc ..) This would mean a correction at least about 10% to 3600-3500 points there are a long-term trend, support and strong moving average MA200. 3) Everything will be shiny, wedge will be broken in bullish direction (btw: don't forget that people in the USA will get more money during March, which will quite likely go to the market again - according to JP Morgan research) Final word: pay attention until market will decide. Btw: in any case on RSI is bearish momentum and divergence.
OANDA:SPX500USD
by TMEW
USDJPY The wait is on & update from yesterdays trade!!Hi all, Yesterday price hit the 0.618 on the fib of the last move. The purple boxes represent areas where price may become stuck as detailed yesterday price rejected that area nicely. Now I am waiting for price to hit the new hourly zones as market on the chart at the 0.318 - 0.5 on the fibs respectively. Anything past the 0.618 level and we wait for price higher to be tested. I will be waiting for an hourly candle confirmation to show sellers coming back into the market and depending where the level is created that will create a cheap stoploss for us. If this happens today I will post again with an additional short. Yesterdays position is still currently 50 pips in profit. As dollar continues to decline we may see this pair fall much further than our current price. I will be posting daily and following this market. Please follow for updates and watch this space! Comment and lets talk!
by RGFX_
Sorry My Love, Healthy Correction Is Needed.Firstly, LONG LIVE CRYPTOCURRENCY AND BITCOIN. In the short term, I would be lying if I didn't think this is going to see a healthy correction onto Ichimoku cloud support. This is not technically a rising wedge. I drew a triangle to demonstrate the divergence + unsustainable support curve. I love Bitcoin man, Don't get me wrong with that... BUT I have been around long enough to know when something bearish is in the air. Sorry CryptoTwitter, I know you are very bullish right now, Sorry Elon...... Please be sure to buy the dip so we can all aboard the moon-ship again. Thank you. - Stay profitable - Dalin Anderson
BITSTAMP:BTCUSDShort
by High_Altitude_Investing
36
8 wave (elliot wave theory) complete downtrend (BTC) $44,444Good afternoon traders, Just thought I'd post this last chart with the community before the daily close in just under 3 hours and then later this evening when Asia wakes up, and usually sells off (or during the night time for EST) Will update part a, b, and c once this 5th wave is complete as certain levels have to hold for this scenario to be met and at this point this is just an idea, and any downwards pressure will confirm it within the next 24 hours. The target is $44,444, if all conditions are met and line up accordingly. Please get this technical analysis to 30+ likes to unlock more content! 👍
BITFINEX:BTCUSDShort
by YurloTrades
12
Potential 14.1% pullback (market structure/rising wedge) BTC Good morning traders, Considering the thought we may see yet another pullback after rejecting from the psychological level of $50,000 is never a bad idea. A 14.1% pullback from the current ATH (just under $50,000) would bring us back to the previous ATH, which would be nothing more/less than a retest for structural integrity purposes. Greed/fear level is currently at 93, yesterday it was 95 (only a -2 after a $5000 decrease in price) which is also alarming. Funding is currently 0.1392, and predicted to be 0.1590 (funding is still high, and after breaking down from the mini rising wedge in my previous post it wouldn't surprise me to see this bigger rising wedge playout the same way we've seen many other one's in 2021 play out. Target #1: $44,444 & will post attachments/updates letting everyone know what I'm doing Summary: looking for a pullback to either validate support at lower levels, or continue the downward pressure towards the current target. Please get this technical analysis to 30+ likes to unlock more content in coming days! 👍
FTX:BTCUSDShort
by YurloTrades
4