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Shortposition

NZDUSD: Wait for the touch to supply area for SHORT positionMAIN IDEA: The main idea is to SHORT the rallies, SELL the top. Here we have 2 possible scenarios on NZDUSD after the ASCENDING CHANNEL pattern: Scenario 1: The market will go to re-test the supply zone at (0.6945-0.6975) and it will immediately drop down because of the strong sellers pressure caused of the resistance at old highs ( 2018 - 2019). Scenario 2: After the drop of the touch on the supply area (0.6945-0.6975) the market is trying to form a HEAD & SHOULDERS pattern for a further drop to re-test the support, which was resistance. --> To conclude you have 2 possible options: Either you see a Head & Shoulders pattern, which if you don't know how it looks like go to my profile and see, I have a very analytical explanation for H&S pattern OR wait for the corrective move to the supply area and SHORT the position from the highs and put your STOP LOSS at around 0.6985. --> This trade will offer you a very nice opportunity with a very good risk to reward. --> Watch lower timeframes (1H & 4H) for the price actions signals, so you know when you can extend your take profit target or when you should close your position.
Short
by MONEYMAKER00
XTZ/USDT Descending Parallel channel!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 XTZ/USDT on the daily TF, we see it trading in a descending parallel channel. This is a bullish pattern that can make for great profits if it breaks out towards the top. This channel not only creates your S/R zones but also helps to guide your entry. If going short i would enter towards the top which would be our area of value with a tight stop. vice versa if you're going long. This coin has been at these levels for a while and even with bitcoins strong moves it seems to go right back into this triangle. When this coin decides to move, it does it decisively. Make sure you know what side you want to be on. Manage your risks and use stops to minimize losses if trade moves against you. There's always another opportunity in the crypto market! Patience wins it all. This is not Financial advice. Safe Trading Calculate Your Risk/Reward & Collect! Simplicity Wins
by rnaofs
1
The Price of BCH/USD is Trending Downwards - What Is Next?Hi everyone, Trading-Guru here with an analysis on Bitcoin Cash. I expect the price to keep dropping along with the parallel descending channel after the bearish signals of the strong rejections on the $280 resistance. Furthermore, I think it's a good idea to try and short it until roughly $230 but not any lower than that. It seems that the support around that level might have a reversal for us in store, so we can pick it up after a take profit with a long position again.
COINBASE:BCHUSDShort
by Trading-Guru
10
BTC Dancing In Triangle!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 BTC/USDT we see it trading in a triangle. Bulls and bears respect these zones until it reaches close to the end where a decision needs to be made. Personally i think it can go either way but i'm leaning more towards the bullish side. Lets watch closely and see exactly how this plays out in the next 24 hrs. Each line is an area of value where you can enter a quick short position or long. remember to use your stops and good luck! This is not Financial advice. Safe Trading Calculate Your Risk/Reward & Collect! Simplicity Win
BITSTAMP:BTCUSD
by rnaofs
2
Short oportunity in Ethereum until the $335 forecastIn this analysis in H1 timeframe, Ethereum was into this descendent triangle . Well, we hope a short entry confirmation in the $377 USD approximately Now, as Ethereum formed this chartist pattern, we see a bearish movement until the $335 USD. In the situation of Daily timeframe we see a bearish movement that bears is leading the cryptocurrency to reversal trend. And the key support line was broke down in the morning, that show that Ethereum is weakness Also, there are a 2 points to take our profit, and those are $355 USD or $335 USD, that it's could Ethereum reach down.
COINBASE:ETHUSDShort
by harisonhbn9718
6
Bitcoin is forming a bearish rising wedge!!!In this analysis, Bitcoin is goes to the $10,000 USD level again, because there're not demand right now, we are in the supply zone, also to recall this strategy is called supply and demand!!! Yesterday, we were okay, but, in the night I didn't analyze the chart, but I bring you the new updated what Bitcoin do today!!! So, we see in H1 timeframe a weakness of the price, if we entry in the $11.080 USD, I'm would have in profit, but I didn't analyze the chart. Well, it's very important always to analyze the chart to know what the market do. So, we hope a entry in the pull back in H1 timeframe to valided the short position That is what happened yesterday and the trend is become so bearish until the objective to find down Also, as we have 2 possibilities: 1. Bitcoin could leave at the $10,628 USD 2. Bitcoin broke down the key support and leadint to the $10,128 USD in the key support line on Daily So, guys it's simple, we hope a entry short position pending in some hours when Bitcoin go again the $10,900 USD\\ Remember, that we need to be cautelous when Bitcoin go to the $10,600 USD, is a important point, in case that show in this zone bullish candlestick group, so obviously we need to closed up the position Reccomend to closed up all long position in Bitcoin, Ethereum and Litecoin because the market has reversal the trend!!! And also, if you want to see why the rising wedge occured? I reccomend to linked in my related idea a mini-class for yesterday what will be happening if Bitcoin doesn't continue up, well, remember that the market is not exaclty and there's a lot techniquel to identify a reversal of the trend.
COINBASE:BTCUSDShort
by harisonhbn9718
3