Get started

TA

S&P PlaytimeS&P has retraced from all-time high back to breakout. Current options position is (slightly) net short but approaching 0 deltas and considering going net long with some shorter dated end of month calls. Also short on UVXY just in case we chop around for a while. Lots of potentially juicy decisions and policies to look out for right now: -US-China tradewar updates (200 billion or nah) -US Federal Interest rate decision end of September (postponement of hikes could indicate fed worry over trade war's negative effect on US economy) -NAFTA negotiation result eh
SP:SPX
by TradePod
Bitcoin and the 240 Bearflag (AGAIN!!) The REAL bottom!Bitcoin rejected the top boundary of the long term trend shortly after squaring up the previous 4 hour candle drop from 7400 to 6900 on August 12th. With the return of the heavy volume dumping, we see the formation of a new 240 bear flag. This drop in price action is hitting harder and faster than the last drop from the 8400 area to test the bottom around the 5800-5900 area. This may be the beginning of the final bottoming process in this major market correction off the all-time high. Since breaking the .618 fib, we have hooked back and are now sitting just around that fib level and the price is struggling to break above this area. There may be a quick square up to the 6600 area (option 2) but the highest probability even is that we continue to be rejected off the .618 fib level around 6400-6500 and then we drop hard to the 6200 previous level of support. We may get a small bounce or sideways movement from there before breaking the level to attempt a test of the previous floor around 5800-5900 that has been tested multiple times over the last few months. I am expecting a break of this level to finally put in a real bottom. How low will it go if we break the floor? There is a strong large time frame fib around the mid to high 3000s. We may wick below there before the bottom is finally in and we can finally begin to prepare for a return of the real bull run in the largest time frames. Volatility is expected to increase, so if you are shorting it would be wise to use a low leverage to keep your liquidation point well above previous support levels (7200 min, preferably 7400+). This is not financial advice and is solely intended for educational purposes! Updates to be included in the future. Everything I learned, I learned from: www.tradecryptolive.net They have a free FaceB group at: www.facebook.com and of course I learned a ton from studying the market since I found crypto last November!
BITFINEX:BTCUSDShort
by UnknownUnicorn3241100
19
Bitcoin SHORTSimple. We are in a curve fractal and we are curving down. Bullish volume is decreasing,this is also an equilibrium, meaning that the candle will basically mirror themselves. They came up bullish, now we fall bearish. Now if we go sideways, which i doubt, then the fractal is basically over and we look for new fractals or continuing ones which are in play on bigger time frames. Now if we break above 7150 then we should shoot up to around 7300. Trade at your own risk. :)))
BITMEX:XBTShort
by bthechad
BTC Range, opportunity to trade.Context: As I said in my previous Bitcoin TA that went exactly as expected, the Bitcoin price is ranging upward. In this chart, this range is defined by the green range zone. After the pump that I anticipated in my last TA, price is consolidating. Opportunity: After this short consolidation I believe that the price is going to pump to the $6870 resistance before it will pull back to the bottom of the range. This resistance is confirmed by several elements that are appearing on the chart: 1) The 68.20% fib level from the most recent Bitcoin pump that happened at the end of July, 2) The resistance on the RSI that is corroborating the recent movements of the Bitcoin's price, 3) The same kind of resistance is present on the OBV indicator. Confirmation: Very short term LONG position: This position is effective now, but be careful (do not forget your stop-loss). Short term SHORT position: This position will be confirmed when the price of the Bitcoin will reach the resistance at $6870 and that the MACD Signal line will cross the MACD Line downward. We will as well see the RSI and the OBV react as anticipated. Invalidation: Very short term LONG position: This position will be invalidated if MACD cross happens before any pump and that would confirm that a downtrend is created. Short term SHORT position: This position will be invalidated if the price goes over the 68.20% fib level and CLOSE over it. Even if the 1'st position is invalidated, I think that this SHORT position will still be tradable.
BITFINEX:BTCUSD
by hainsdo
4
XLM, Opportunity to buy soon.Context: Stellar is consolidating and compressing since a long time. The price has now broke his long side-ward resistance and had a shot pull-back on it before continuing a bull trend. Opportunity: There will be an opportunity to buy soon because the market is finishing his consolidation and has crossed this resistance. Confirmation: This signal will be confirmed when the 20 SMA will cross over the 50 SMA. Aa good moment to open the position is when the Stochastic RSI will be around his 50 level. Invalidation: This signal will be invalidated if the price drops towards the green support.
Long
by hainsdo
Long Term Bitcoin ForecastContext: Since the beginning of August, the price of Bitcoin is consolidating in a range defined by a key support(green zone). *Note that the bottom of the support zone is defined by the 78.60% fib retracement level of the December 2017 Bull Run. Opportunity: The consolidation can be also seen as an accumulation. This accumulation can lead into drastic price movements. As you can see on the chart, my forecast is that the price will drop to the next support zone below just before the next bull run. The price will drop on the upper support of the support zone and will bounce on the green oblique support. Chronologically talking, my TA tells me that this price movement will happen at the end of September and at the beginning of October. In my opinion, these price movements will be powerful and fast. We need this selling volume to have a powerfull movement in the opposite direction too. Confirmation: We will get a confirmation of this forecast when the RSI indicator will get below 30, at his oversold level, and crosses back to the 30 dotted line. I expect the MACD to cross upward to confirm the trend. Invalidation: This TA will get invalidated if the price bounces hard on the blue fib level and that the Bitcoin price gets over his green support zone.
BITFINEX:BTCUSD
by hainsdo
5
Bitcoin LONGBitcoin shorts on bitfinex are approaching their all time high, what does this mean for the price of btc??? I think we are going to have yet another short purge. I expect a big green dildo to 6,620 at least. Not your normal fractal, but trading against human phycology is an indicator on its own. Like do the opposite of what cnbc says do lol. If you follow the herd, youll end up like the herd. 90% of traders lose money, right? So why would you follow them??? Thank yall for reading, more analysis to come :)
BITFINEX:BTCUSDSHORTSLong
by bthechad