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We've Got Our Dip, Now What?? BOUNCE OR DIVE CONTINUES! XRPUSDI anticipated one more dip before the market goes up again and that raised a few eyebrows because a lot of traders thought i was smoking something but one thing the market loves is structure and the market is currently at an important structure now. The question is, is this momentum gonna push it further down to retest the all time lows or will we get a bounce and continue our bullish market? The next few days will give us a clue, at the moment i'm leaning more towards a bounce! Good luck traders
BITFINEX:XRPUSDLong
by Joseph_Yabwa
1
It's not over, just pullback. Bids @ 7150 and up #BTCUSDDaily + weekly volatility is in the bullrun phase for both BTC and "TOTAL" Marketcap. If BTC flags out in this 6.0 HVQ Volatility Index area, retesting the trend support, bingo = consolidation before megamoon But, that consolidation could go on for awhile. I have an overall LONG narrative, but am not buying at these levels. Looking to YOLO/FOMO a breakout, or get in around daily cloud support. Looking for retest of the Daily cloud top, volatility consolidation, and QRsi trend test and/or build new qrsi flag. 7150-7400 is where I guess support will be depending on the velocity if / when we dip.
COINBASE:BTCUSD
by SNOW_CITY
ETHEREUM LOOKING BULLISH AGAIN!!Hey there, please support this idea with your likes and follow me on TV if you don't want to miss out! Take a close look at this chart and what is written on it. Ethereum is currently being rejected my the 1004h MA and price is now being squeezed between the 100 and 2004h MA. We are going to have a deathcross of the 2 moving averages shortly, so we will see if this is going to have an impact on price. Since the 2004h is ascending and only the 100 is declining, I wouldn't put too much emphasis on this signal. 250 seems to provide strong resistance with multiple factors in play, such as Setup-trendline of the TI Indicator, 0.5 fib, structural support in the past, and psychological round number. For now we have a big hurdle to get over with price now sitting at key structural resistance from the consolidation at the top. Luckily for Ethereums price, we are now forming a 4h bullflag and if this day closes around the current vacinity then this could send ETH into 250USD. Ok so as I am writing this we are breaking over the bull flags resistance, so now the 1004h is the next hurdle, which we are now sitting on. Exciting times and many trading opportunities currently, take your chances and play wisely! Thanks and cheers, Konrad
BITMEX:ETHUSD.PLong
by EnlightenedTrading
UKOIL shortThe first time I've actually looked at Oil but let's see how this goes, as the structure corresponds with fib levels it would be interesting to enter a short indicated by the first green line, a long wick candlestick previously reached this region before a reversal, if Oil can break below I think there is potential to hit the following green lines. Market structure + Fib. No RSI as there is not sufficient case for over or under sold so omitting this from the analysis. In case not clear 62.20 is entry so the price has to fall from current level to reach a pending order in which case trade is entered.
FX:UKOILShort
by failure1
AUDUSD H1 Walk-through of Market TrendsSP = Starting Point ISL = Initial Structure Low NSL = New Structure Low ISH = Initial Structure High NSH = New Structure High The most recent structure, be it ISL, ISH, NSL, NSH, its starting point will be known as X, if breaking below and closing below X(on a ISH, NSH condition), ISL is formed; breaking above and closing above of X(on a ISL or NSH), ISH is form. But breaking below and closing below of ISL, NSL is form; breaking above and closing above ISH, NSH is formed.
by RaynLim
T-Mobile US - Daily Price Action Analysis | Bat PatternThe TMUS price increased significantly last few days and it reached the resistance area at 65.14. The price respected that level few times already and it is more likely that it will do it again. Moreover, the price action formed the shooting start candlestick bar, which is considered as a reversal pattern. It means, there is a shift from buying to selling. The bears are going to sell sometime soon and it is the best area to do so. In addition, TMUS formed a bat pattern, which increases the probability of this setup and provides the entry and exit points. Plus, nice risk/reward ratio. T1- 38.2% T2 – 61.8% - Follow & Comment -
NASDAQ:TMUSShort
by Art_of_Trading
BTCUSD: BITCOIN Trend Continues? It is clear that BTC was trending downward last few days. The market made Lower Low and Lower High indicates the bearish market. The question is will this trend continues? The price made its correction and traders will likely notice the price reached the key resistance area (12000-13000). These are rounded numbers, which also give more significance to this resistance. We know that resistance is the major level where the buyers become sellers and new sellers step in. The price went up last few days and those buyers are going to lock their profits and that resistance is the best zone to do. Moreover, sellers who are looking to make their profits going to place their orders. Moreover, last two bars clearly shows that the buyers do not have much power any more. Today’s doji bar indicates that. In addition to that, if we check BTC 4H chart, we see the Gartley. This pattern was already formed and hit the entry point of 127% extension of AB leg. This pattern increases the probability of this setup and I am going to short this. To summarize, the structure level and price action analysis provides the good opportunity, and I will make the sell order on BTC. It is more likely that the sellers will get control of the price. First target is structure low at $9500, and second target level is $7000.
BITFINEX:BTCUSDShort
by Art_of_Trading
EURJPY Outlook for the week 26/12/16Firstly Looking at the Weekly and Daily Charts we have come into an Area of resistance. We have started to see a bit of a bearish move on the Daily, looking on the 4 hr we have a few levels lining up. We have had a 618 retracement, looking at the Fib Extension of the first impulse leg down and the Fib Inversion of the pull back. The 1.27 and 1.414 levels all fall in an area of previous structure resistance on the Daily. We have a possible Bear Cypher forming its C completion at the 121.10 level and the C to D leg of a cypher would see us back up to my weekly Key level. Will watch on the lower time frames to see what happens and for possible entries
Short
by Wonour
AUDUSD Outlook on the Daily 25/12/16Firstly Happy Christmas where ever you are hope you are with loved ones and having a merry time. As all the Excitement is over now a bit of time to do some Tekkers. So one of my Goals for the coming year is to really get my tekkers on point and be a lot more methodical in my approach. We have seen this pair in a very bearish trend for the last few months. Looking at my Key Levels we have come down into a weekly level, this also lines up with the 1.27 level on the Fib Extension and also the 1.618 area of a fib inversion. RSI is down in the oversold area, another sign that this pair could be due a pull back. Where could the pair move? WE have had the X to A, A to B and B to C moves of a possible cypher, D Completion would put us up at the 0.76453 level which has acted as a previous level of resistance on the Daily. If we look at a Fib retracement on the overall move the 382 and 618 levels fall at lots of previous structure. One to watch on the lower time frames for entries and short term targets.
by Wonour