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Potential Falling Wedge Forming on BTC/USD Pair Hi traders, After BTC's massive pump and dump seen recently, BTC may be forming a falling wedge pattern (most notable on hourly chart) that could take it as low as ~$8.3K. Watch out for a drop in the coming 8 hours that would line up with this potential pattern and commence to give it more validity. The hourly MACD seems to support this potential drop as it is currently above 0 but gaining bearish momentum. Additionally, the hourly RSI appears to be caught in a downtrend even as price was originally rising before and during the pump. Also, sell volume has been predominant since the drop. Finally, one thing to note is that the drop according to this pattern would still keep BTC above the 200D SMA visible near the bottom of the chart. Thank you for your support on my previous ideas! If you like my analysis, please leave a like and comment. Let me know what you guys think, I'm open to and interested in other's ideas :) PS: This is not a prediction but rather just something to watch out for in case you were currently longing. Disclaimer: Do not take this as trading suggestions, simply ideas.
BITSTAMP:BTCUSDShort
by usubzero
Solarwinds Corporation short after bounceback from resistanceHistorically, the price of the Solarwinds Corporation has been very steady, moving in its normal range between 16.76 and 19.40. Given no overbought signals, nor any divergence with the MACD, I expect the price to be pushed a little bit higher by the bulls, at least to 19.40, if not up to 20.41. But it will not break these resistance levels for long. When the bears take over, make sure to go short! VF Investment can not be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas. Please, maintain proper position sizing and risk management!
NYSE:SWIShort
by vf_investment
THETA/USDT 0.618 relief rally, Short term LONGShort term trade, relief rally from the 0.618 retracing to the 0.5 of the move down. ENTRY: 0.246 STOPS: 0.194 1st TARGET: 0.413 - Take 60% off here, move stops to break even and enjoy the free ride on the house ;) Never Trust. Verify. DYOR. Not Financial Advice Just an Observation. Always remember: technical analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key. Capital preservation above all else.
BINANCE:THETAUSDLong
by TribeWriter666
SHOP - Shopify Sell BubbleHello traders, Description of the analysis: Shopify selling bubble speculation. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (4 000 000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades. Jacob
NYSE:SHOPShort
by Jacob_Kovarik
Copper Futures: Short-term trend bullish, long-term bearishPrice and MACD indicate convergence and the RSI doesn´t indicate overbought conditions. My bet is to go long in the short-term, but don´t expect the bulls to break through the resistance. The long-term downtrend is still strong and the highs of the MACD start to level off and will probably soon decline, indicating a trend reversal. VF Investment can not be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas. Please, maintain proper position sizing and risk management!
COMEX:HG1!Long
by vf_investment
NZDJPY Range Market Sells Another range bound market making a nice setup to continue down. We can see here that price has created a range between 66.131 and 63.474. We would anticipate that when price will sell at this resistance after creating a nice bearish pin-bar. Although there was indecision in the market, sellers have managed to enter at a decent price. Now, for us to change our bias to Longs we would expect to see price break above the resistance (66.131), retests and initially create a new support at 66.131 and continue higher. But for now, we will continue trading this range down. Let's see how this plays out. NZDJPY SELL Price: 65.905 SL: 66.449 TP: 63.881
Short
by Mkforbes_fx
1
EURUSD Range Market SellsAn obvious setup during a range bound market. We can see here that price has created a strong range between 1.09858 and 1.07798, and this is clear on my chart. As you can see, price is now at the resistance in this range and we can see a nice reversal pattern. Now, if price decides to move higher, then we would look for a solid break through of the resistance (1.09858) a retest of this resistance, initially turning to the new support and thenwe would enter for Longs. For now thought, Let's see how this plays out. EURUSD SELL Price: 1.09620 SL: 1.10183 TP: 1.07798 Risk to Reward Ratio - 1:3
Short
by Mkforbes_fx
USDCAD Short term BuysFollowing USDCAD, we can see this major consolidation zone which has been around since Covid-19's Lock-down began. So, lets break this down further, this pair is in a range between my descending Trendline and this major support at 1.38701. As price rallied downwards last week, we came to our support zone and we did not break this support zone. Therefore, we initially look for buys at this support. Price casually bounced off of this support zone and created a nice bullish engulfing candlestick pattern (the yellow box). A classic pattern to come across. So, we will now place our entry at the top of the large bullish candle and our Stop Loss will go at the bottom of the same candle. We only use a 1:3 Risk to Reward Ratio for this trade, roughly a 1:2.5 which is still a healthy trade. Entry: 1.29347 SL: 1.38445 TP: 1.41500
Long
by Mkforbes_fx
1
$APT - Where to go from here (Short Term BEARISH)I forgot to post over the weekend my apologies but a quick overview of APT and what's it doing at the moment. Over the weekend we had somewhat of a bull flag going on after the break of the ascending triangle, as price approached the bottom support at 14.80 bears stepped in and dumped the stock as I mentioned before in my last post that could have been one of the possibilities that would happen. APT is currently in consolidation phase trying to understand where to go from here. So what does this mean now? Currently I think that the bears are in control of the stock for now. I can see it hitting the $13 region and then it will bounce from that resistance and retest back up to $14. Good luck! *not financial adviser
AMEX:APTShort
by UnknownUnicorn5725068
3