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Technical-analysis

READ CAREFULLY PLEASE! MARKET WILL SHOW YOU WHAT COMES NEXT!HELLO GUYS: WEEKLY CHART : - We have many very long wick candles rejecting the 14k resistance! - Double Top, notice how the bullish volume for the second peak was decreased! - Rare weekly bearish divergence! very important one. DAILY CHART: - We've been consolidating in this descending triangle. - We've broken and retested the red trendline shown on the chart. - We've got rejected from the top of the triangle, very likely going to touch the bottom of the triangle 9300-9400 area. ----------------------------------------------- For the confirmation to the downside we need to see a break of the bottom of the triangle with heavy volume. and wait for the pullback ( in this case a very shallow pullback is expected ) go to lower timeframes 4H - 1H - 15M to make sure the pullback is over and the downward move resumes. My target is around 7200-7600, that's the zone I'm planning to add to my inventory at. if that never comes then it's fine, there will be many more opportunities. I try to keep it as simple as possible, LESS IS MORE. Do yourself a favor and stay away from the lower timeframes if your not day trading or your new to trading. and hey please stop listening to all the moon boys out there who keep changing their positions on the market and have no clue what they're doing. funny how they get all this reputations probably because the market is filled with noobs calling for moon analysis. anyways, NEVER PREDICT THE MARKET, WAIT FOR THE MATKET TO SHOW YOU WHATS COMING NEXT! PLEASE GIVE IT A LIKE IF YOU FIND ANY VALUE!
COINBASE:BTCUSDShort
by FOXofLA
BTC big move up or down side?Another big move incoming soon and I reckon a breakout to the downside. I'm sorry for bursting your bubble moonboys, but this unfortunately looking like a blow up top. With the launch of bakkt inc. I'm very bearish short term. Bakkt is bearish, because investments are short term costs. If you invest in something, it will cost you money. This is pretty basic. Besides I'm pretty sure BTC is going towards $7500,- region and worst case bearish scenario; BTC creates a higher low in the $4700 region before the next bull run. Personally I am hoping the next bull run will be at around $7500 region since this is golden retrace region. But I could be wrong, I hope I am wrong then I can finally cash out, but the bullish scenario; BTC creates a lower high at the $11.8k region. But this is less likely to happen. Because this would be quite jinxing. It will get rejected at those regions and if it dips down, it will be dramatic for the moonboys. I predict mass liquidations at these regions. Tip for the moonboys: DO NOT FORGET TO SETUP YOUR STOPP/LOSS. Always look at both side of the coin. Nothing goes up nor down forever. Only if BTC dies, but I do not think this is even possible anymore. Unless some kind of global EMP burst out and damaging every server, then yeah. But It is becoming more and more apparent that we are living in a digital world. That's why I am very bullish for BTC and even some shitcoins(EOS,LTC,XRP,ETH) long-term. Don't forget, the trend is your friend. Good luck!
BITSTAMP:BTCUSDShort
by bonic
Can This Keep Going?Hey there Trader's! This stock exploded today with huge volatility, and made an impressive 45% gain today . I'll be watching this tomorrow for possible continuation, looking for break and re-test of the important level of 7.90 , I've set my alert! I didn't see any see any news that was released today. If your holding stock, definitely watch 5.71 as a break and re-test off that level going bearish would signal a break in the current structure, good to keep that in mind! Goodluck to everyone! If this information helped you at all, please be sure to LIKE and FOLLOW me here on tradingview for more stock picks! Tyler, Out!
NASDAQ:EDSA
by TradeWithTyler
ADA/USD Chart - Ending Diagonalprice within an ending diagonal triangle -> end phase of a bearish trend (at least temporary) - 5 wave structure within the ending diagonal seems to be completed. - Confirmation would be a break of the upper resistance of the ending diagonal. If price rejects form here price should test the pivotal 0.5er fib level of the Blue range. -RSI, Stoch and Godmode show bullish divergence on a daily timeframe. Target would be the 0.382 and 0.5-0.618 fib level which converge with the bigger diagonal resistance.
Long
by CryptoWhat3lse
SPWR Bull Breakout of Failed Wedge SPWR had a huge bull breakout of a failed wedge bear flag. When a wedge fails there is often a measured move based on the height of the wedge. Prices are also testing above the top of the bear breakout and sell climax of August 2016. However prices are still within a large trading range (always look left!). This increases the likelihood of heavy two sided trading to continue. However the next likely bull target is the middle of the converging triangle and bear breakout around 21.00 which is also around a measured move up based on the wedge. The buying pressure over the past year or so has been strong enough to make a larger second bull leg up likely. There are quite a few open bull gaps, the most recent being around 12.00 from this bull breakout. If the bulls are able to keep this or the 10.00 gap open it will increase the chances of a strong bull reversal and test of the upper trading range around 35.00. If you found this helpful please like! Feel free to comment or ask questions.
NASDAQ:SPWR
by tradersmentality
1
Scalp Trading, BTC still in a mid-term down-trend, BUT...Longing here is risky due to the mid-term trend is down, not up. Taking a short after a rally will be more in your favor. This trading idea is more for the scalpers and for the public to have an idea what BTC is doing. I'll keep it simple. Yellow line - 21 EMA Pink line - 200 MA Purple line - 200 EMA Orange line - 10 SMA On the 8 HR time-frame, BTC is still holding on to the 200 EMA/200 MA line (purple and pink line.) We closed above the line, and as long as the next 8 HR candle closes above, it'll make for a good bounce on BTC up into the $10,000 area. This number is not exact, but the small bounce should carry between the price range of $10,000 - $10,200. But as I mentioned before, this is just a small bounce. Any rally will be sold into and the overall Mid-term trend will continue. imgur.com On the 4 HR, there is bullish divergence forming on the CCI. This will more than likely be an entry signal on the 4 HR as the CCI re-enter the lower band. When I see a bullish divergence, I typically want to see price retest its 21 EMA. On the 4 HR, the 21 EMA happens to be around the $10,100 range. This has nice confluence with our 8 HR. imgur.com On the Daily time-frame, you can see the 50 EMA is also hovering around the $10, 100 range. Going forward, this should act as resistance and a good sell point for any scalpers. The Mid-term trend is still down, as we make our way towards the mid-8,000's to meet up with the 21 EMA on the weekly time-frame. *If anyone can show me how I can post multiple charts without using a link, i'll be grateful.* If you like my analysis of the market and it helped you learn or made some money, please consider using my referral links. www.deribit.com www.bitmex.com
BITSTAMP:BTCUSDLong
by cooface
1
**KEY AREA FOR UJ**Possible continuation of the bearish market. Daily descending channel, with a strong break of a previous Support & Resistance zone on the daily. Price is currently trading below the zone and forming wicks in the zone from the bottom. Possible re-test for a downside push, waiting on a strong bearish candlestick formation or a market structure pattern on the lower time frames for a sell entry. For me to change my bias and go long, I would like to see price trade above the zone and form a higher - high. upon trading above the zone I would like to see price re-test the zone a give a bullish confirmation to get into the buy.
by theyngn