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Short-trading

BITCOIN -> We Are All Here Because We Are Not ThereBitcoin has showed us low volume break out on the daily. RSI shows this to be a weak bounce it will once again find sellers in this area that will start to take profit once we start pointing down. It seems as thought this may have been a silght short squeeze that started from the $3300 level as the bulls failed to push us below to $3000. That and some well timed news about the new chairman being pro-crypto may have forced an early bounce and failure to push the price below $3250. We have seen an increase of $500 in one daily candle giving bulls the momentum necessary to break above the critical $3750 - $4000 area. Since we are in an extremely bearish market we are to continue to leverage and hedge our positions with bearish trades until we have clear indication of a longer term (2-6 week) bottom. Bitcoin bulls will have a very good shot at pushing the price over $3750-4000 which will force us to exit our short trades and potentially go neutral until we find an area to re-short. My targets for a proper bearish bounce will be as follows; $3000 to start to cover shorts and open longs right above and under $3000. I also think that the market can go sideways, or become very boring over the next few weeks with all the holidays around the corner. If you could stay out of this market its probably best that you should. I wouldn't expect too much action in the days to come closer to the holidays. We should have clearer direction and great long plays in the area with most demand $2500-3000 Area. Best of luck, This is not trading advice.
BITFINEX:BTCUSDShort
by TheCryptAlpha
USDCAD: A Few Minutes To Late Hey guys! Today my intention was to upload a trade update idea on Gold, because we entered another buy. We will be doing it tomorrow night... This one is quite a better one with a nice setup just formed minutes ago during FED announcement. We were waiting on USDCAD for another move to the top - for a short entry after 3 cycles of bullishness. The high was actually higher, but on the 4h we are now seeing a nice rejection down. Next goal is to break the grey price zone below. Risk/Reward is over 3 so this is a good setup. See you guys later for the Gold update.
Short
by darian_fx
BITCOIN - Incredible Chart pattern formingHey Guys, that was a exciting night wasn´t it? This is a further analysis to my last one. Check it out to have the full understanding. In my opinion this is an amazing chart pattern what u can see here. My old analysis with the H&S was close to get retarded, but this night we had the expecting pump above the 6800 level. This night we had some maintenances at the exchanges so they generated big spykes to different price levels. The chart on bitmex (provided by tradingview) shows the highest price at 7148. Directly on tradingview, watching the perpetual contract, we had a high at 6683. Kraken just went up to 6916. In this chart analysis u can see a H&S continuation pattern in turquoise. And directly next to it, u can see a inverse H&S in blue, as a reversal signal. The amazing thing is, the same time we go up to set up the high for the right shoulder, we are finishing to form the left shoulder of our inverse H&S. The next incredible thing is, to finish the right shoulder of our H&S Bearish Continuation Pattern, we need to go to around 5700. And then the breakdown starts with cracking the neckline. That will build our inverse head. A regular fall down should be the same range, like the height of the head from the H&S continuation pattern. That would set a level at around 3600. That´s by the way the level where the big bull run from 21th September 2017 began. I just drew the head till 4000. That would already be a very big price decreasing. Then we will go back up to the neckline and form the right shoulder. After breaking the neckline of our inverse H&S, everything is set up for the expected bull run, which could bring us to the 10k level. Also there are some ETF news these days. It´s important to recognize the difference between these ETF applications. Tomorrow will be a decision, but that´s just a Future ETF and not the real one. The "real" one got postponed. I think the rejections/approvals will help the market to move in the right direction at the right moment, to form these perfect chart pattern. Please don´t hesitate to write a comment if u agree or not. If u enjoy it, like it ;) Good Time!
BITMEX:BTCUSD.P
by Airwaves
9
Keep it simpleEURUSD has been trending bearish now since April 19th. With only a slight fake out on the 10th of March before being stopped dead at resistance on the 9 day MA. Its safe to say the overall trend is still looking bearish on the daily as price continues to make lower lows. If we check out the monthly below we can see an inverse head and shoulders proceeded by the current bearish price action where we have stopped as of now on the .382 fib retracement. Now checking out the EUR index (Essentially a weighted average of the EUR against counter pairs) From a quick glance you can see what appear to be the formation of a reversal, giving us more reason to assume the EUR pairs will see a drop in the coming days. Conversely looking at the USD index (weighted average once again) we see the opposite story. Strong bullish trending since the 26th March and all 3 MA's (Sorry if you can't see I threw them all in pinescript, they are the 9,20 & 65) are starting to poit upwards ready to break out.
Short
by bobbysto18
1