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Shorttermbull

Rising Wedge - XAUUSD 1800This idea depends on the impending breakout being a bullish one. Expecting price to move further along the Riding Wedge before meandering it’s way back down during the 3rd quarter of this year. Quarterly outlook:- 2nd: Bullish 3rd: Bearish *Disclaimer* This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Trust you own analysis. Beyond Edge
FOREXCOM:XAUUSD
by BeyondEdge
EURUSD: USD showing short term weaknessA falling wedge has been spotted in a bearish market and a counter trend trade opportunity is revealed in this chart. Bullish divergences confirming the long bias, current prices are setting up for a long trade with stops below support sitting at the lows around 1.082. Looking at 50%, 61.8% and 70.7% fib levels for potential targets, but I have plotted all the potential resistance levels on the chart. Good luck to all trading EURUSD!!
Long
by MikulovicFOREX
Artificial Rally to Complete the "V" Phase of W Shaped RecoveryFriday midday, the market looked like it was going to break out to begin a major decline back down to FIB 0 (DJI low of $18,169). Market held above FIB .236 (DJI $20,870) with the assistance of Fed playing "follow the leader" to artificially prop the market Friday afternoon. We consequently saw a strong bounce up to Fib .382 ($22,600), I think we see a rally to Fib 0.5 which is DJI 24,000.   The Fed is strategically playing "follow the leader" when it's most needed. On Friday midday, this market looked like it was setting up for an ugly week ahead. We were getting ready to break through FIB .236 to complete the cycle down to the low FIB 0 for a retest. The Fed is making calculated moves at the most oddly convenient times to try and trigger rallies. They keep injecting until big money follows the leader which unravels a domino effect of FOMO buyers who further drive the rally. The Fed will outbid the current market asking price. They will then have a shortterm corner of the market and try to trigger buyers to pay a higher premium to solidify that prop up. In other words, they overthrow the market makers and start bending the imaginary bid/ask line to their will, they then hope this move catches fire prompting people to be buyers at this higher premium level.
DJ:DJILong
by TheMandalorian27
Happy New Year to All! New Direction for BTC, or more of same?The answer of course is, I don't know, and neither do you. It's all about probabilities in the end, and proper risk management. Personal psychology. That boring, hard stuff. Let's be real, TA is the easy part. The fun part. The glorious part. So here we are... A) Just over a year ago, we found ourselves here. New Lows formed. People calling for 1.2-1.8k. We hit the new year (2019) around 4k (up almost 30% from the low), and then we dump a large portion of it back. Notice we break that 2019 Open price with some serious conviction, a nearly perfect 45deg Bullish grind up, after successfully defending the Lows. Historically, 5 out of 9 January's have been Bearish for BTC B) We put in a textbook Blowoff Top into a Bearish Weekly Orderblock from January 2018, it's first touch since forming...And get SLAMMED. ZigZag down to our previous Resistance, now turned support (9k or so), make a 2nd Run at that 14k block that just smacked us into last week.....Put in a Lower High, followed by a Bearish Engulfing that manages to fight it's way above the 33% (barely, and temporarily). It's from this point, everyone should realize we're in a Bearish Market/Corrective Market, call it what you want....Probability favors Downside from here, from now (Aug 19th @10.2 or so). And honestly, once we put in that LH, we were at very least ranging for a bit from that point...but I digress. We continue to dump, manage a retest of the 33% from the downside, Fails miserably, forms an inside bar which resolves to the Downside. We lose the 50% in monstrous fashion and run it all the way down to the 66% level, which is essentially where we currently find ourselves! Now that our trip down memory lane, and all that was 2019 is over........ C) We have the 50% above us as Resistance currently (8.5k, which I've been calling for a test of). Below us, we have 66%, which has been hit entirely too many times recently to expect any time of real hold under pressure, and the 75%. The 75% is currently un-tested from the Top, and a nice target in my opinion. This level has nice confluence with the Trendline being formed by the pivots, which just held nearly perfect, bouncing at the level almost to the dollar. So we currently find ourselves in this range....5.8-8.5k is what I see as our current Playground for BTC. So here we find ourselves....For me.....as long as we hold above that 6.8k ish area, I see us testing 8.5k next. I closed out of my longs from that region when we lost 7.2k (as I said in a previous post), and am currently waiting to see how PA unfolds. I'll long retests/pullbacks to the 6.8 so long as we manage to hold it....and if we lose it, I'll pick up shorts in opposite fashion, and ride em to the 5.8k region. Below 5.8k things get dicey. Could go to high 4's, low 5's. Could totally melt and make new lows....again....NO ONE KNOWS...regardless of what they tell you. As always, good luck, happy trading. Practice solid risk management.
BNC:BLX
by mrjones2020
Interesting times BTC Core is in....This recent PA has everyone (most) puzzled as all hell. We finally have volatility coming back people! Enjoy! The way I see it....Test the lows(near lows again, 6.4-6.5k) with another Super bullish response....and let's rip through 7.8k....low 8's....and let's give 9k a scare...then we can talk. I see us testing upper 7's low 8's before a break of our current 6.4k low....Depending on the reaction from this point, I could get the 5.4k I've been calling for, and that's when things get REALLY fun in cryptoland.
COINBASE:BTCUSDLong
by mrjones2020
2
Bitcoin SWING TRADE +++++++++swing trade: quick update++++++++++ Hello and welcome to a quick update dear traders, beginners and friends! Today I want to share a swing trade idea for bitcoin for the next two weeks! First of all, we broke below 7000 three times and bounced three times, which provides information about a strong support right now! Since then BTC climbed up and accumulated power and tried to break 7700, which historically is a strong support zone (look at last bullmarket to 14k where we broke 7700 levels) RSI shows a bullish divergence and strenght in the market as well as volume, which is increasing since the bottom of 6500 (much volume, good sign=could be bottom) We tried to break this level 3 times as of the past 3 days, if we manage to do so, 8300 will be in range with a retest of 7700 and possibly lower afterwards... Right now we are on the move up for the third attempt to break this level. I expect to get rejected maybe one more time. If we never break this level, this indicates a strong resistance which will lead to a retest of lower 7k levels to see if the support holds... Until then, happy trading and a good day to you! your quality trader
BITMEX:BTCUSD.PLong
by GER-Quality-Trades
Strong support, what's next?Here is current bitcoin's bias on short term. we can see that the down trend channel is holding true and current price is moving just slightly above the lower line of the channel. Not just touching it, it has touched the strong psychological support which is around $8000 region. we might see a dead cat bounce from this area and challenging the previous broken support that is now become resistance around $8500 region. On lower time frame, I haven't seen any sign of bullish pressure yet. the price keep moving sideway around $8050 - $8200 region which is not significant and not worth to enter long position for now. We must once again consider the higher time frame as a wider horoscope of potential direction of the price in the near future. The wide range of support could still be in play with a possible huge wick to the down side before it starts the bulls rally in short term. we must to be very reactive and very cautious at this levels, considering the wick fish is becoming the natural behavior a past movement. I am still waiting for potential dead cat bounce, but I don't think that this is the right time to enter long position.
BITFINEX:BTCUSDEducation
by julio24albert