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Shorttrade

Potential swing trade on NZD/JPYA soft inflation report from New Zealand weighed broadly on the Kiwi dollar yesterday, as traders began to price in the prospects of a 25bp hike (down form 50bp) or even a pause at the RBNZ's next meeting. The slight risk-off tone saw flows into the yen, and risk-currencies such as AUD and NZD were lower which has placed ZD/JPY on our shirt watchlist. The cross has seen repeated failures to close above 83.50 over the past three weeks, and yesterday's high met resistance perfectly at the 200-day EMA. Given the bearish engulfing candle which has now formed, we suspect a leg lower seems more probably than a break higher. Also note the decisive close beneath trend support. - The bias remains bearish beneath yesterday's high - However, we'll seek bearish setups below/around 83.15 (50% retracement of yesterday's open-close range) - Initial target is the cycle just above 82.0
Short
by CityIndex
BTC SHORT! | Publishing Ideas is my new addiction Alright folks, buckle up for a wild ride on the Bitcoin express! We're going to take a 15-minute trip through the price movements of everyone's favorite cryptocurrency. Think of it like a roller coaster: you've got your ups and downs, twists and turns, and of course, a few stomach-churning drops. But don't worry, we'll hold your hand the whole way and help you make sense of it all. So, what do we see on this chart? Well, it's a bit like a high-speed chase, with the price of Bitcoin zooming up and down like a race car on a track. But fear not, we have our trusty technical indicators and tools to help us navigate the twists and turns. We'll be on the lookout for those key levels of support and resistance like a hawk hunting its prey. And when we spot a breakout or reversal, it'll be like hitting the jackpot at the casino (but without all the noise and flashing lights). So, hang on tight and let's ride this Bitcoin coaster together. Who knows, we might even have some fun along the way!
Short
by xuk1
BITCOIN to the moon? NOT YET!It's been a few happy bull days( or weeks) for Bitcoin-Maxies. Bitcoin touched 26K for the first time since the last crash in mid-2022. This great milestone refilled gas for tons of headlines flooded into my newsfeeds. " Bitcoin reached its new high in 2023". " It's time to the moon, baby". " Last chance to fill your bag before it's too late" etc Great to hear, but ... ... HOW LONG WILL IT LAST? ( According to my personal TA), the party is already over. It's complicated why I claim so, but look at the biggest signal on 1D BTC Chart. There is a HUGE shadow pin to a strong resistant( yellow line). The volume continuously spike, reached its peak, and bounce back when Bitcoin touch the 26K history milestone. Familiar? If you're new to the market, it's the signature of Smart Money's Search for Liquidity Pool. Bitcoin has the biggest liquidity pool of the year at 25K, and lots of stop-loss was triggered when the condition reached. Plus, a new " all-time-2023-high" put hype on the retail investors,fueled Institutions's Short position. Find what stop loss hunting at: www.investopedia.com Now you know you have a choice. Which side will you be on? 🤔🤔🤔 Other than TA, there is no incentive for Bitcoin to have a Rally right this March. Terrible macro, CPI keeps decreasing, too early since the bottom( which means there will be a lot of resistance when moving above), and not enough interest in Crypto since there're a lot of regulation nuisances ahead. The whole Economy's Health just isn't on Bitcoin'side( or anything's side). 😞😞😞 But ON THE OTHER SIDE, there's a " black swan" we should care about. It's the collapse of some banks and the loss of trust from people in the traditional banking system. People might seek for another safer place to keep their money... ... and who knows if it isn't the mighty Digital Gold? ( Anyway, it's just a tiny chance, less than 5% in my opinion) Conclusion: NOT MOON TIME YET! On guard and Be wary, my mates!
Short
by vietthien2
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