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Spike

VET is forming a perfect triangle!The best time to buy VET is now! It looks extremely good. Triangle has been forming since 18. Aug and we can now expect a huge spike up in upcoming days. It is just a matter of days. Be patient wait for a few days and you will see positive results. It also depends on BTC which has "quite" calm these days and that is why almost all altcoins are flying and making great profits. Yet VET belongs to TOP 20 coins. Then the volatility is much less than other coins with a very low volume. What do you expect of VET? Huge spike up or huge dump down? Comment it below! Your exclusive signals!
Long
by exclusive_signals
1
TPG - Bull run off Merger - HOLDHello, Just a quick technical update on T-P-G. T-P-G has seen a massive bull run off confirmation that they are in talks with Vodafone over a potential merger. Shares jumped 20% yesterday, followed by around 15% at the start of the morning today (23/08) then a reversal back to its original starting point of the day @ $7.75. As the price has reversed from a intra day high of $8.70 to its original price of $7.75 @ the start of the day, coupled with a long bull run in the past few days, this may signify a Spike High followed by a price reversal tomorrow and next week. (Also worth noting that the stock was trading in a range of $5.20 to $5.70 for weeks/months before suddenly entering a bull run off no news last week, then was followed by a huge announcement??? Potential learning experience here to remember?) Best to HOLD for investors/traders that can take the risk, or SELL if you have low tolerance to risk, as these merger talks are not confirmation that it will occur. I estimate that the price could consolidate around the mid to low $7 mark tomorrow/next week. @ RuperCapital
T
by keenbeen
SBOT is a good BUYStellar BioTechnologies is a company that sells a good product...but it is only marketable to a small customer base. It would be interesting to see how the price of this stock acts relative to it's customers' orders. And I added a time-fib and the moon phases indicator...I don't know why it wouldn't be an obvious pattern of movement on this stock. It has some interesting spikes and that gives hope that the stock will shoot up again in the future. Set an order with limits and stops, then set an alarm and get in or out with any serious profits. But keep stops real tight until patterns play out better. You cannot trust the trendiness on this stock because it moves up then back down too quickly.
S
by biggair
2
BTC - playing with the fire, can make it or break itBTC is playing with a fire at this time, got stuck between that blue line and red line making it a triangle and causing the whole confusion however it's still above that downtrend and was in similar situation just a few days back, its exactly the same situation as the last week. Now in this tricky situation, it can go up (more chances when you look at alts and RSI is positive, MACD is neutral and most of the indicators are also positive) or down (less chances but possible) coz of indecisiveness. For the first time I can say I wouldn't trade right now, instead wait it out. If HODLing, then use stop loss and hope for the best and repeat of what happened last week... i.e., spike up!
BITFINEX:BTCUSD
by iamanupam
BTC getting closer and closer to the truthFollow up of a recent post, see related ideas for more. The descending triangle is almost complete on BTC and everyone is waiting for the breakout to see whether the moon is reachable or not. There are a couple of indicators that will help us predicting a huge breakout. Here are some considerations: Volumes are shrinking and shrinking and we're almost at a low level (taking into consideration last months at least). This is definitely a prediction that whatever will come should be intense in magnitude. There's no more space within the triangle area. That means that BTC will have to breakout either one way or another and develop a new trend (or consolidate the current one). Markets, not only the cryptocurrencies ones, are in turmoil given the macroeconomic scenario (Siria, USA - Russia, trade wars...). If we sum up all these things we definitely wait for a breakout of any sort. And it will happen. My guess is it will happen between this weekend or, most likely, the very first days of next week. Remember triangles are usually associated to continuation patterns so the breakout should head upwards. Market instability could take us both ways nonetheless. In any case, it will be fun. As usual, not a trading advice but merely my analysis.
BITSTAMP:BTCUSDLong
by SteveEnnom
The range is over, long live the range! Spike and channel again.When Bitcoin is trading in a range, like the last days, many traders try to guess to which direction it will finally break out. Or they just trade every breakout. This thinking and breakout trading is quite dangerous. Because most of the time a range will produce little traps (false breakouts). So how to avoid this problem? Do not trade breakouts, like "if it goes a few ticks above that resistance I am long"! But what about the great breakout in BTC above 9.800? Yes, you would have missed that move when you do not buy breakouts this way, but trading is not about getting in every move, but to have a profitable strategy. How to trade a range then? The best entries are right at the resistance/support when these levels are broken! So you wait for a trap and ideally enter after a little doji (small body) candle: see trades 1 + 2. Notice how prices went to the other side in two legs after trade 1? Do not let these swings throw you off, prices will often go the other side of the range, but not directly. You do not always get ideal entries of course, look at trade 3. There is no trap at the top, but prices go down rather quickly, confirming the resistance line. Trade 4: Also not an ideal entry but it did work perfectly, although the big breakout and the following spike and channel formation could not be expected at this point. Reasons for trade 4: Prices did not quite reach the prior lows at 9300, so it is a bit risky, but there is a little bear trap when it dipped below 9400 and it is a bullish candle the support level. After trade 4 prices shortly halted before the resistance, but then the 9800 resist was smashed and we had a big spike and channel formation. I believe the strong breakout was somehow connected to a news item (exchange bought). Or it was just a short squezze, meaning a lot of stops were being hit from everybody who got short below 9800 (in the prior range). What is a spike and channel formation? When I see a spike like the breakout, I always think about a possible spike and channel formation, which is just a quick upmove followed by a range, which is often tilted upwards (uptrend channel). And indeed, BTC developed this channel, which does confuse some traders, because they think the steep trend up continues. Others think it must go down in a steep correction right now. Both traders are fooled and get easily trapped by this formation, which is why it often occurs ;) As a skilled price action trader you instead just go long at the lower side of the channel or range: see trade 5 + 6. Again ideally follow the range rules and look for little traps to the downside! Now prices broke through the upside of the channel with another spike and channel formation! This was not entirely unexpected, because a price action rules is, that the market will break out to the same direction in which prices traded into the range. We saw also two legs up (blue arrows). By now we have everything seen playing out, so a downturn at 10900 could be expected. There are now two breakout levels at 10400 and 9800, which have not been tested yet! Feel free to comment or PM me if you have any questions. Or you can just follow me :)
BITFINEX:BTCUSD
by FBlocktrader
Reversal over? The long road to 9000...When BTC broke free above 8000 again a few days ago and continued to storm up, a lot of people might have looked to 9000 and thought it would reach that level in a matter of hours. But not so fast...the market had some tricks up its sleeve to scare you out of your long position or to make you believe we are going back to 6000 again. How to avoid getting tricked and profit from all this? So after the first leg up and the break of the uptrend, price action rules did give a target of 9000 (second leg). We eventually did get to that level, but not without a lot of seemingly erratic up and down, trapping traders to the wrong side. One of the keys to trading is to determine if we are in a trend or in a range! When the second leg did not reach its target and prices went below the EMA it is time to think about a possible range. This range, which was established at the Entry 1 (blue arrow), is pointing upwards, so we have a large trend channel. Always try to find these slightly tilted channels, do not look only for horizontal ranges between support and resistance! You can see prices moved exactly in this channel for several days. Nice short and long entries could be found at the upper and lower side of this channel: 1. Long: - second entry long from the low at 7550 - Range expected - for more details see my posting "No free lunch!" in the related ideas 2. Short: - now this looks like a perfect bulltrap at the top of the channel - failed breakout above 8500 resistance - we did see two equal length legs up inside the channel reaching the upper side 3. Short: - expect a second leg down to the lower channel line - second entry short after it turned down at resistance - breakeven stops of traders who got short at entry 2 were taken out 4. Long: - little bear trap at the lower side of the channel - second try to go higher around 7800 (second entry long) - two legs down completed 5. Long: - another try to move up counted from the low at entry 4 (second entry long) - channel was confirmed again - expect to go to the upper side of the channel, making an new high 6.Short: - we had a strong short term trend up, the break and several legs up - bull trap at the top of the channel (breakout above 9000) - now the second big leg to 9000 is completed, i talked about in the beginning! 7. Short: - perfect second entry short after the break of the steep downmove - two small legs back to the EMA (two pushes up) - breakeven stops from shorts below 7850 taken out - another red leg down expected to the lower side of the channel The end of the big reversal in Bitcoin? No, we are still moving inside the channel. But right now a lot of people might see this channel...and when everybody does expect something to hold often the channel is broken. So pay attention to the short-term downtrend channel which is still in play. I would not be surprised if we see 8200- 7900 again. Why? There might be still some breakeven stops from the longs at entries 4 +5 ;)
BITFINEX:BTCUSD
by FBlocktrader
2
The trend is strong! But how to find entries and targets?Bitcoin did brake out of its spike and channel formation to the downside, after a short lived pullback at 9500. This is not surprising, because prices traded down into the broader channel/range by making a first leg. We often see breakouts in the same direction prices traded into a range, thereby continuing the trend. The market then established a steep downtrend channel, moving with two smaller legs down to 9.000. A quick pullback then took prices back up to 9500 again, thereby testing the former range again. The pullback started at the end of the big second leg (blue) and the target from the smaller second leg (red). How to enter in trend direction when you see such a strong pullback? Wait for the steep uptrend to be broken and look for a new high afterwards! Then the downtrend should continue and a new short entry may present itself, as it did in this case. BTC failed to get back into the former range at 9500 and the bearish candle suggested a retest of the low at 9.000. Why a retest of that support could be expected? Because after a short term downtrend, like the second leg (blue), you expect a new low or at least a retest of the low at 9.000! We did indeed get a new low at 8.800. This move can be seen as a first leg and a new short term trendline drawn. After a short pullback to the downtrend line at 9.100 you could expect a equal length second leg, which had a target at 8.430. The market pulled back hard 500 points exactly there! Don't fight the trend, look for price action entries and targets!
BITFINEX:BTCUSDShort
by FBlocktrader
BTC in spike and channel formation: Pullback ahead?The end of the downtrend? Well, maybe not yet, but we see a spike and channel formation. How to trade this formation? The sharp drop from 11.000 to 9.900 is the spike on the 30m chart. At the end of this movement you could see a downtrend channel, but that channel was quickly broken when BTC made two nearly equal legs up to 10.500. This is not a place to go long, just the opposite! Prices were rejected by the EMA and quickly dropped to a new low around 9.800. We see typical price action in a strong downtrend, because it creates a trap at 10.500 for longs and one for shorts at 9.800. Now we can draw a broader range, which is a slightly downwards pointing channel. This was confirmed when prices bounced above the EMA. Now a lot of people would call this a double bottom or a head and shoulder reversal formation, looking to the upside when prices broke above 10.360. And this is were the next bull trap happened! What the trap looked like? After the break of the prior up move from 9.800 to 10.350 we got a pullback to the EMA and two small pushes up above the resistance at 10.350. Just to our upper range/channel line! By following price action rules you would have switched to range trading mode : Keep watching those upper areas and still look for shorts. The upper channel line was confirmed several more times after that, and two more short entries could be found at these key entry points. At the second entry the momentum to the downside picked up and prices went straight to the lower side of the channel and beyond. But why beyond? Think about equal legs: The first leg was the spike, the target for another down move is the equal length second leg. It has reached that target at 9250 to the tick ;) Markets like to create symmetric moves and second legs, second entries...good stuff :) So, what about that pullback from here? The downtrend has played out well, therefore i would expect a pullback from here to at least 9.700 (resistance). The broader channel could still be in play, because often there are fake breakout. If BTC moves back in the channel we might see 10k again.
BITFINEX:BTCUSDLong
by FBlocktrader
Negative news (Coincheck): How to trade the pullback in BTCWhen markets go down sharply, like the fast drop in BTC after the Coincheck hack, they tend to pullback and eradicate any losses in the following 24 hours. But even if you know and expect this, you have to follow price action rules and wait for long entries. How could that be achieved in this case? 1) Why was the market starting its pullback at 10.300-400 levels and not go down and test the 10k supports, as a lot of people expected (myself included)? BTC is moving in a broad range, which is a slightly upward pointing channel. The lower line did run at the 10400 level, providing support. Another factor may be that when everyone is expecting something, like testing 10k or fall below that, it is not going to happen ;) 2) How to enter with a long position to profit from the pullback? The first long entry I marked is a failed second entry short, which squeezed a lot of shorts out. This is probably why it spiked sharply up (first leg), thereby retracing nearly all the loses from the fall. This spike was way to steep, so you would expect a correction to the downside. It is difficult to decide where to enter long in such a correction, so my second marked entry long is at the small breakout level (10750) from the first spike up. This is where a lot of traders would place their break even stops if they got long above that breakout. BTC did make a bullish candle at this point which could lead to the expectation of a second leg up. Right now BTC has established a spike and channel formation, which is just a upward pointing channel after a spike up.
BITFINEX:BTCUSD
by FBlocktrader
Ripple going for next spike after consolidation?In the day view we see primary upwards trend got even more bullish with another trend line. Candlesticks are far above the ichimoku cloud and over Tenkan and Kijun showing strong positive trend. Chinkou Line is pointing upwards and above ichimoku cloud showing also bullish behaviour. In the 4h view we can see market is in uncertain behaviour showing the consolidation of XRP from the last spike. Golden Cross (red to green ichomoku cloud) showing a good possibility of another spike following. Candle sticks are touching Tenkan line and near Kijun showing first signs of the coming spike. Once candle sticks go above Kijun this is first confimation then you can wait for a final confirmation by Tenkan crossing Kijun from below. Bollinger bands confirm this by supporting chart lines at midline. A more voluminous cloud shows possibility of an even higher spike than i expect. I expect XRP to repeat its spike/consolidation behaviour going to a price range ~3,9-4,2$ until 10.Januar.
BITTREX:XRPUSD
by crypto_heroes1
Buy CAD with 30 pip stopTrade only on Demo till you understand - atleast 4 weeks post your results Always trade at your discretion Think in possibilities and probabilities and manage risk. Taking trades during overnight usa hours before 4 am EST is risky so avoid it when trade oppty is on 1min or 5 min, dont enter it if it doesent get triggered with in 2-3 hours of the posting Always take trades that will fit your risk profile You can always ask if there is any other pair you want me to look at Pls note my trades are based on what the chart is showing. Some will work out , some won't. Always take profits when you see 1:2 to 1:3 and re enter on a bounce. if the market continues with no reversal trade published, re enter on any small bounce/retrace. try not to become overnight millionaire on one trade
Long
by FXNEWLIFE