Short-term
False Breakout downtrend! The Boiling Point has appeared!Very nice entry! If the price reach stoploss, so Eurjpy will breakout downtrend and then we can buy to regain our capital!
$ETH short term long opportunityShould see short term gains from eth as long as it doesn't escape the lines - otherwise see previous chart for better chance
Ascending Triangle Shaping Up on the 4 Hour???Make sure to click follow to receive more price analyses.
Happy and profitable trading everyone!
BITCOIN BTCUSD H&S, start breaking the rising channels, by Indicators BTC has some sell signals. Short-term(45m), deal at the chart.
Ascending Triangle - Short-term breakout to occurShort-term
Ascending triangle - waiting for breakout
- Hard capped at $6,600 w/ bears in control
- Finding support at 61.8% fib level ~$6,350
- Expect sideways action between $6,350-$6,600
- A break above $6,650 would put the bulls back in
the driver's seat
Short GOOSThis looks like a major bear flag to me. Yahoo finance just put out some bearish news about GOOS's earnings call later this week. It will be interesting to see what happens. Let me know what you think.
Looks like ETH has hit bottomEthereum's price action looks to be bottoming out at a psychological support of $430. Heiken ashi is showing a possible trend reversal in the next few hours. While from our oscillators we have a divergence from MACD and a much stronger one from RSI. Bollinger Bands are also showing a weakening trend by price consistently failing to hit lower band. We very well could be in for a trend change on ETH. As a trader, I would recommend waiting for a more confirmation such as price breaking the upper resistance band on high volume or MACD to cross center line. Either way, rest of the day looks green for ETH if it can maintain current support level.
GO Long On GOLDBased on the Triangles Position and how it has already Began the Retest Phase. We are now about to witness a Break out and a Nice Surge to the Top Zone
EEM- Similar to 2008 S&P500 setup Everyone EEM chart setup looking like S&P500 chart , Waiting for retest of highs.
ZEN - All depends on BTC!ZEN has a fantastic triangle pattern. It looks like it will moon soon but there is only one problem - BT C. If Bitcoin goes down it will also affect all other coins such as ZEN! It would then fall heavily down and crash the upper triangle pattern.
Zen is a platform with the latest privacy technology and a self-sustaining funding model with protocol-level solutions and has a perfect team to get this coin to ATH!
Enter:
0.0036 - 0.00365
Sell:
1. 0.00385
2. 0.00390
3. 0.00400
4. 0.00410
Shorting bitcoin around 7700 might be in play with tight stop loI believe Bitcoin will bounce between 7800 and 7000 for a couple weeks before breaking the 7800 resistance and then it will finish the inverse Head and Shoulder pattern.
Shorting bitcoin around 7700 might be in play with tight stop loss.
BITCOIN BULLISH WEDGE we can see the sells are being exhausted and the price is holding above 6400 for too long
Short term trading plan; mostly bearishLaddering BTC asks from 6600 to 6900 and moving stops from previous idea to 7080. Expecting either rising wedge to play out or rejection at around the 7000 level to take btc back to 5k; If we break through resistance with conviction my first long target would be 7.5.
Still unconvinced that 5.8 was bottom for btc in this market cycle but would not be very surprised to see a short to mid term rally to the mid 8000s.
And for you short term tradersHere's some levels to play off and consider.
NOT FINANC- you already know.
ONTUSDT: Looking Strong and Primed to RallyONT has been making bold moves these past few hours and things are definitely looking up for the bulls .
Heavy media coverage for the NEO-based token is probably in anticipation for the soon-to-be Mainnet launch.
Will we see a continuation of this bullish climb? High volume and healthy climbs seem to suggest so.
We're buying in at 5.400 and riding the wave till Mainnet (June 30th). If you're thinking of going for the long range, please adjust your stoplosses accordingly.
Buy: 5.400 - 5.600
Short-term
Target 1: 5.888
Target 2: 6.284
Mid-term
Target 3: 6.628
Target 4: 8.025
Stoploss: 4.206
The Game of Charts"The chart speaks louder words."
Daily bitcoin technical analysis with fewer words and more information so that you can have maximum information just with a glance without wasting any time.
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Legal Disclaimer:
This is not an investment advice. It is to be used for educational purposes only. This is purely a technical analysis and one should not take it for granted as an investment advice.
LONG Bitcoin to 7000 SHORT TERM TRADEYou can see on the 1hr chart that there is a flag and pennant forming, and based on the martin trendline indicator it's been validated as bullish throughout the formation so i think we will see another spike up of a similar amount or magnitude, ~$300 like the previous jump from 64 to now at 67. You can also see on the volume oscillators spikes supporting the bullish price move.
Not sure how long this bullish momentum will carry on but a good time to reevaluate is 6900-7000 and watch for any red candles on the martin trendline, which would indicate a reversal most likely so stop loss at 6681.
Taken in the larger context we are approaching a long set upper parallel with the flag and pennant which i think means we are going to have a breakout from the upper trendline. Or we could get rejected and be heading down with a loss of $22.3. Based on a $1000 account with 100% risk, Risk/Reward ratio is 8.72x so your risk is $22.3 and your potential reward is $281.
