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Follow The LeaderIf Bitcoin is going down about everything else in the wonderful world of crypto is too.. Hope people have been keeping the risk managed and can live to trade another day. We could possibly see a strong break to the upside to or near any of the three red lines you see her however Bitcoin seems inclined to follow Harold's Purple Crayon . I am so.. There's that? "If we really break on news, my goofy head and shoulders on the 1h I won't be surprised to see some over performance to the downside as the Irresponsibly longs unravel.." That would suck by the way but for those people not me. What are your thoughts? Is it bad that people like to realize gains or just something else? -No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO" ""KEEP CALM AND MANAGE THY RISK!""
BITSTAMP:BTCUSDShort
by BradySWilliams
GBPUSD Bulls Still in Control?Yo whats up traders, today we are looking at G/U of course, this is the main pair I like to trade. Happy Friday to all of yall, I hope we all had a wonderful trading week. Lets make today count and end the week with some good vibes. Ok, lets get it; So as we can see, price is really staying in this range defined by my 2 blue lines, and from observation, we see that price is showing strong signs of continuing upwards, on the larger time frames. I am waiting for price to push past this major resistance because if we look at the lower time frames, we can get some clues about what price wants to do at this level. Personally, i think its more likely to see a reversal happen just because its Friday, and I've noticed on Friday, price likes to stay in a relative zone rather than chasing new targets whether upside or downside. But like i said, we shall wait for price action on the LOWER time frames so we can catch the move be it bullish or bearish. We have an overbought RSI on the 15M and the 5M, this is just a little note telling us there COULD be a reversal, do not use this as a reason to execute a short trade Whatever the move may be, we will be here to catch it. Trade safe, trade precise, tradeflow, see yall next week!
by fastboiijd
COPPER: Correction may be comingThe chart shows that the big bull market in copper may be weakening and about to correct. The 2H ATR (amber line) showing the bull strength, is vacillating in its conviction. Finally, there is a trend-switch for the south. This is a trend following set up - which means if shorting there can be no targets. Stop losses are usually difficult to define, are large and somewhere above the ATR line. Price of copper is dependent on the US Dollar strength. The DXY shows trends opposite to copper. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. 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.
OANDA:XCUUSD
by Captain_Walker
Could this be the largest FAKEOUT in bitcoin HISTORY? (BTC)Good evening traders, First of I've uploaded my 2nd video to my YouTube channel and it's longer than the first with updated and detailed information regarding the first one and how price action has developed, so please go subscribe to my YouTube channel, like and feel free to leave a comment on my post as these things will help my channel grow! Second of all, we've got a few things to talk about that are quite urgent for bitcoin. IF, $30,000 holds on this next leg down to test support it would enable me to switch my bias from bearish to bullish in the immediate short term, where you ask? $32,500 seems like a logical place if we can manage to find support and head higher. BUT, if $30,000 fails and bitcoin wants to go for another dive down the previous target of $27,777 still stands, as well as $28,555. Below $29,200 any bullish bias gets invalidated right away and the leg down to $28,555 will likely come fast. I'll provide updates as price action develops. If we hold on the next scalp down you'll likely see the next post be a long instead of short. Go with the trend (the trend is your friend) Plan your trade and trade your plan. Please get this technical analysis to 30+ likes to unlock the next post! Also please go subscribe to my YouTube channel and check out my latest 2 video's! 👍
BITSTAMP:BTCUSDLong
by YurloTrades
4
All eyes on the monthly candle (MASSIVE wick, sell pressure) BTCUsually I post ltf (lower time frame) technical analysis, however one of my followers has requested a long term bitcoin chart so I've decided to create visuals on the monthly chart. 4 candles represents one quarter annually (which is macro - htf) and shows the most data in one candle) The monthly candle is down $10,000 since it's latest ATH (top) at $42,000. I'm expecting Q1 2021 to have a MASSIVE wick to the downside which will flush out a lot of traders/investors and then the bull run can continue most likely, I'm macro bullish of course but this cannot go unnoticed. Please get this technical analysis to 30+ likes to unlock Sunday/Monday's daily TA, enjoy your weekend everyone! 👍
BITSTAMP:BTCUSDShort
by YurloTrades
15
LTC/USDT 2021!!Hello Community! Before we begin please support my idea with a thumbs up and a comment. It'll be greatly appreciated and will motivate me to post a little more! Lets keep it simple. When taking a look at LTC / USDT on the 4hr TF, we can see it trading in a massive flag. It currently opened and is trading below the 9 day EMA which is a sign for weakness. I can see it taking a quick 7% correction bouncing off the white S/R line drawn, before making another run at the top S/R line also shown in white. This is not Financial advice. Safe Trading, Calculate Your Risk/Reward & Collect!! Simplicity Wins
COINBASE:LTCUSDShort
by rnaofs
2
S&P: Why your shorts aren't winningHave you been shorting this bull market wondering why you're not winning? I've been getting direct messages asking me when is it a good time to short or why when there is a reversal candle there is no follow through to the downside. Zooming out to the 2 day chart I think you can see why. We are in a massive uptrend channel since early last year right after the big COVID drop. THE TREND IS YOUR FRIEND As of today, I would not be trying to short or even go long. I think the market is too risky and is coming up to heavy resistance. We need a big pullback before I think the S&P becomes attractive. Where is that pullback? I may end up waiting to see it pullback closer to the bottom of the channel (with retest) to go long. I'll also take a breakout of the top of the channel (with retest). Why not short when it reaches to the top of the channel? We are in a strong uptrend and going short is not recommended. Some may take the short at the top of the channel and be rewarded. It's just not my type of trade. I like trades with higher probability. Hopefully this view makes it much more clear why if you've been shorting the market since March 2020, you have been on the wrong side of the trade. I will be a seller if the bottom of the channel breaks to the downside (with retest). Then I think shorting will become attractive. Good luck trading. "When it feels really right it's probably wrong and when it feels really wrong it's probably right."
OANDA:SPX500USD
by XYZ-Trader-
5
Trading psychology 101 (inversed BTC chart) $27,333 (0.618 fib)This should help you guys put price action into perspective. Flipping the charts (inversed) helps you see things from the other side of things and if you're wrong you'll see it quickly. Price action: we broke down from the uptrend on January 21st, and retest the broken trend line today (January 22nd), which we rejected from and confirmed a short term bearish trend. Don't get trapped into thinking we're going back to ATH's, because we're not. (yet) Please get this technical analysis to 30+ likes to unlock tomorrow's daily TA 👍 See you at $27,333.
BITFINEX:BTCUSDShort
by YurloTrades
8