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Market recapWell VIX watchers...the week ending November 2nd, 2018. The Cboe VIX has dropped 20% from weeks high on Tuesday and a near bottom buyers market. Based on Fibonacci retracement we're below 0.500 retracement nearing 0.618. When we hit 0.786 retracement next week, or below 15 we'll start to see some sell offs taking profits. We've tested the low, but is there another round of testing from big money shaking out more after the VIX profit grab. Some expect yes, but not for another 3-4 weeks, which could drive things to a new low for 2018. So watch your 4h VIX and stay tuned if you want to buy more on next likely dip. How about Alex Cora and the Red Sox, reminds me of the Troy Brown New England Patriots. Team sports back in Boston. Interested in Vanadium battery stocks, so what do you ghat? Oh, sorry. Forgot this is crypto-forex channel. Signing out, happy Friday @pokethebear. Energous IPO coming up. Let's hear about what you forgot to buy cheap next week and nice thing about crypto-forex.
CBOE:VIXShort
by Pokethebear
CHFJPY shortAs of now, 01:30 20/09/2018, I have almost completed a new trading plan and this is the first set up I have come across to fit it so far. What we are looking at is price at a very key level, also respected for months on the WEEKLY chart. It has been ranging for quite some time and has just tested and retraced slightly the 200 MA on the daily chart. These all being confirmation for me that the market here is showing weakness- BEAR power. coming out side of the bottom of the range we have a trend line that has been respected on its way up through the consolidation zone, making higher lows to make a valid, small trend. At a first look this was my fist idea, a sell all the way to the line, but, a move like this is quite unlikely and quite risky. I have decided to put the stop loss at the next minor resistance on the 4 HOUR chart so it is a tight SL, I can't see this price level having much air to breathe at this point though. My general trade idea is for the price to carry on this bearish rejection down to the trend line i mentioned, but my TP is at the next majorsupport alost half way. This is so i can exit with profits and re evaluate price action and look for anoter, safer entry.
by JoelFX1996
Possible Trade on GME? What do you guys think?GME broke out of a beautiful symmetrical triangle. I can buy on the break above the upper supply area. However, it has recently been downgraded to a zacks rank of 4 (sell). There is however a possibility of a buy out which would result in significant move to the upside. Also, zacks analysts do not expect GME to meet earnings estimates which is not too far away. I will go long in my paper trading account to learn from such a situation.
NYSE:GME
by GoranTrader
#BTC tested 6k =100% Perfect= Last Bounce or Support Breakout?Hi Followers and Friends, Finally BTCUSD / Bitcoin re-tested 6k as predicted by the Moving Water = @lemosedmirf , on the chart bellow. And now is a critical point to BTC, what now? Should price bounce from here or have a Support Breakout? $ 5,800 is Huge Support for BTC and needs a lot of power to go Trough. As you can see and AS PREDICTED on the PREVIOUS BTC CHART UPDATES, priced BOUNCED from there, and it seems that it will continue this bounce, but until when? $ 5,500 indicates another BIG SUPPORT and a STRESSED OUT AREA for Bears on BTCUSD. On This one All Targets Hit => 100% PERFECT: On This one Spotted a little lower target, but almost complete with all 5 targets, so far 98% Perfect: => So, Let me know some Ideas => Please Share .. HOPE THE BEST TO YOU ALL. M.W. Good Luck and Good Profit ___________________________________________________________ ADVICE: __________ => DON'T LOSE: Remember This is Very Dangerous Market so try to not Lose All Your Money on This, and You can already call yourself a winner: Beginners: Don't Trade (Bullish/Bearish) Market - Don't Trade Bull Trap - Don't Borrow Money Intermediate : Trade Bullish Market Only (Low Risk) - Don't Short - Don't Borrow Money Advanced: Trade Bullish or Bearish Market ( Low Risk) - Don't Trade Bull Trap - Don't Borrow Money Experienced: Trade Bullish or Bearish Market ( Medium Risk) - Trade Bull Trap (Low Risk) - Borrow Some Money Top: Trade Bullish or Bearish Market (High Risk - Big Money) - Trade Bull Trap (High Risk) - Borrow Some Money Follow This and the Risk of Losing Everything Falls to 90%. ______________________________________ => MARKET FLOW: Market never happens at once, there will always be many moves inside the waves if you look close enough. When I spot a Trend and post it here, it does not mean it will go at once, or at that exact moment I post. These Charts I post are Medium/Long Term - so takes weeks/months to complete. => CHARTS = (MEDIUM/LONG) TERM - Please Don't Be Confused (Takes weeks/months to Complete) ___________________________________ => PLACING ORDERS: At this moment, I am NOT offering buy and sell signals, you need to Do Your Own Research when Placing Your Orders and Stop Loss. => STOP LOSS: That's a responsibility a person should have with their own money, I don't have the influence on that. I strongly advise you to use a stop loss. Try to catch the waves, but with a secure area, and limit your risks, considering a loss you can afford. _________________________________________ => MORE INFORMATION: check Related Ideas Below. => PLEASE: Comment, Suggest better ideas, Ask questions inbox, Help me improve, Give a Like and Follow.
COINBASE:BTCUSDLong
by EDWARDCASHTRADER
67
$WINGS DAO #WINGS is ending the downtrend, testing supportHello Lads and Ladies, Today we are looking into WINGSBTC. As we look at the chart it has been in a downtrend since the begging of the year. Although, it had multiple daily breakouts of +50%, it has come to the end of the downtrend and is testing its support and downtrend resistance line. Should it not break the downtrend resistance, then it will fall down to the historical low support line. From there we would see definitely a bounce back up, RSI would also be in the 30 point region, from where it has always bounced. ANYHOW, if it successfully breaks the resistance we will see another breakout. Since it has been in a downtrend for a long time and RSI seems to be turning, there is a lower chance of the chart just moving sideways in a channel. Therefore, I believe that the breakout will be one of the bigger variety and it has various Targets as shown in the charts. Target 1 - the 38.2 fibs line at 7524 sats. Target 2 - the 61.8% fibs line at 10119 sats. Target 3 - a historical support and resistance line at 15000 sats Target 4 - very ambitious but the resistance line in the previous channel of 10119 to 19000 sats. As you see in the chart it shows two possible channels where the chart might locate itself and follow it for quite a while. Also maybe we will even see a third channel forming above these two, which would mean new all time highs. Cheers, Tomas
Long
by KongTrading