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SPX500 Short Trade SetupMy forecast is the C wave inside a correction and more upside. That's why I want to take a long trade. As you can see, we have a potential reversal structure after the last top, and it's a valid trade setup. That's why I placed a pending order, and I'm in the trade now. My risk is 0.5% since another upward impulse after a small correction is also possible, and in this case, my trade will stop out. If it drops and makes a bigger correction, I'll it more.
FX:SPX500Short
by WaveAnalysis
Bitcoin Head and Sholders PatternBitcoin seems to be forming a major Head and Sholders Pattern. Top of right shoulder seems to be completing at almost the exact height of the left shoulder at the $42,000 range. A break below the bottom of the right shoulder may bring in more selling pressure. As well we have a "Death Cross" (50 period moving average crossing below the 200 period moving average) completing in the next week on the daily chart. If the head and shoulers pattern completes I would be looking at the 200 Moving Average on the weekly chart around the $13,00 range for support.
BITFINEX:BTCUSDShort
by johnrblakejr
1
AN IDEA ON BITCOIN CORRECTIONHi Today at SynchroBitTeam we come to analyze the idea of possible correction of BTC price to $30K Resistance Zone! As per chart, we have recognized the Cypher Patterns on the trend. The trend suffers from an inherent resistance zone and attempts hardly to break it out, however, due to the low volume during these days, breaking this resistance may be hard or impossible. In the meantime, RSI is also showing a new divergence (please check with your own chart). However, the overall correction to $30K should not be considered as a "heart breaking" event! We estimate that the further correction below $30K is too hard to be occurred since the dynamic resistance on the exchanges order books are indicating that the bulls are serious to keep the trend above the line however, since they like to make money, they tend to create more dips into the trend line and buy the holdings much easier and more cost effectively (which is highly wise strategy)! However, if the correction to $30K channel want to happen, the Price Line of $34K is very important and can be set as an Alarm. Remember, corrections are not bad idea, since they create new cycles and cycles are very necessary for bullish trends. Otherwise we would face with range markets which are not interesting for new investors. In this scenario, the pull back trend (if initiates from $30K support zone ) will interact with the fibo levels dynamically and we'll see good opportunities for Short and Long positions. Remember, this is just an idea! Market has always high potentials for miracles and sudden changes! Therefore, please always consider all risks before you click for taking any position. We wish you profitable days ahead. Don't Forget register on SynchroBit Exchange and get your Signup Bonus.
BITSTAMP:BTCUSDShort
by SynchroBitTeam
2
BTC/USD - Heading to $21,000As we watch the price for BTC develop from it's recent lows, we haven't seen much bullish action and it seems as if bears just have complete control at the moment. I was super bullish on this pair but as we move forward, there are just more and more signs that BTC will soon be making a new bottom. With the little amount of buying pressure I'm currently seeing price struggle more and more after the recent closure on the 4 hour. (which I believe you will be able to see if you were to "make this chart yours", you'll be able to see a further breakdown on other indications I found that helps support this current trade idea.) - Two Failed Inverse Head and Shoulders - Current (Completion) of Head and Shoulders All in all, it's really not looking good for any bullish traders that are still trying to bet against the current trend and feel bad for all those still holding. I do believe we will see price come back and retest its structure that lines up with the 23% fib level on the 4 Hour Time Frame, and again on the daily time frame in an attempt to capture more bulls before the next leg down because that's the pattern we've been seeing this whole time. I did have a couple of other things like wave analysis and a few other points but I want to get this thing out before the move happens and it's already been over an hour since I started. Lol. Trade Smart and Trade Safe
BINANCE:BTCUSDShort
by Trump4FxPresident
3
ARW insider selling - A short opportunity?ARW has seen significant insider selling since 22 May. A closer look at the TA could potentially reveal a textbook short opportunity. What is happening? On the weekly we are able to draw a pitchfork, using the top and bottom of the Covid-crash in 2020. The median line is well respected by price. Elliott-wise we see an extended wave 3. In that case, we add the length of wave 1 to wave 4 and can conclude that price has potentially made a top at $124 (the red box). The ending diagonal gives further confirmation that the trend may come to an end here. Where do we go from here? Price has already responded with an impulse to the downside, indicating selling pressure. A target can be the lower pitchfork line where we find confluence with the 200 EMA. Because we have identified the end of a larger EW pattern, we can assume a deeper correction that will break the current structure. How to trade it? Because price has previously bounced off the 8 EMA, we can use the next bounce to sell into the pullback, instead of chasing the short from here. What if not? If price reverses back above the daily candle, the idea is invalidated. This is a possibility especially if SPY/QQQ continue their uptrend due to inflation. Happy trading!
NYSE:ARWShort
by UnknownUnicorn12250317
DJI - Terminal Pattern Finishing Up + Nice Trade SetupIf you are wondering what you should be doing in terms of trend following the equity indices these days, I promise you are not alone. This multi-month range-bound "bull market rally" since December has turned into a money-printing extravaganza for everyone who is not in the business of making money in markets. The disequilibrium between "normal expectations" of growth and sustained easing and the "new normal" parabolic crypto-gimme has created a very difficult trading environment for those who earn the proper way. Finally, though, we may have come thru to the end of the tunnel on this rally with a tricky terminal pattern forming on the hourly/daily of all the major US equity indices (and Bitcoin, obviously). This one is pretty hard to spot and if you aren't looking for it, the past three weeks of price action seems completely bizarre and trendless. It pretty much is - since it is a triangle after all. The only saving grace about this triangle is that, if it is the one I am thinking of, it is for sure a terminal pattern, (1), and, (2), there is a very nice trade setup incoming tomorrow with a very high probability of success and several points of impulsive price action to boot. Rejoice if this ends up looking even close to what happens tomorrow because the top is in. -TunnelPigsion DJCFD:DJI SPCFD:SPX NASDAQ:IXIC RUSSELL:RUT
TVC:DJIShort
by UnknownUnicorn5511258
24
GBPJPY Short Trade SetupThe last top can be the end of the monthly running flat. That's why I want to take a short trade. We may have a complete reversal structure. Now, I'm waiting for a small trade setup to place an entry order. It isn't my main plan to place an order under the potential reversal impulse because we may see more upward movements. There is a trendline around 155,500. So, there is still some room for more upside. That being said, if it starts coming down fast, I'll set my entry order under the last low with SL over the last top.
Short
by WaveAnalysis