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Tightening

It's getting very tight here...We managed to break the trap support/resist 1h cloud boundaries of 50 MA and 200 MA on hourly downwards, but since we still created a higher low nothing is 100% sure yet. - Long: If we manage to return on the 4h above the blue line (10200-10225), then we will be testing the next blue line (10615-10650), if we manage to break above it then we could be aiming towards the 12k (As we passed the 4h cloud, and almost all the resistances, which means it can give us strong push to suppress the triangles/flag top barrier... - Short: If we remain below 10200, and retest 10050 (And close below it which will reverse most indicators), then we will continue retesting the 9000-9500 zone, I think that if we touch the descending floor 1 more time this will turn the entire market upside down... Buying power continues to create lower lows, if the bulls won't hold this current level it could turn out to be very bad for them, as bearish panic always has big scary moves...
BITMEX:BTCUSD.P
by Hedgehog_king
BTC Update! Tightening range. Bulls desperately trying to defendYesterdays chart we were watching the expected tight range of $11,0888-11,585 and potential setup for a small equilibrium. We traded within that range all day and really have traded within a 3.5-4% range for 40 hours now. Volume slows down and really just nothing of interest to traders. We established a lower high yesterday it appears at $11,456 and now this morning dipped down to $11,158. Bulls continue to desperately try and defend $11k so I am now watching this tightening range between $11,158-11,456 with continued expectation that $11k will cave. As always, have a plan for either direction. If bulls can step up and get us back above $11.5k then I'd personally look at some scaled in entries on any consolidation from there. We were also watching EMA resistance on 4 hour chart and EMA support on daily chart yesterday. Both are still in tact but bulls struggling to hold daily EMA support currently. As this range tightens up, I do expect a break today or tomorrow so will keep a watch on volume as well. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
BTC being squeezed by 100/300 MAOn the hourly chart the impact of the 100 and 300 Moving Average cannot be denied. While both were providing support until Monday, since then we have been trapped in an ever tightening range between the two. With both the RSI and Stochastic RSI showing indecision, expect a strong signal of BTC's future intentions for the next week from which MA we break through. Save crucial space on your Trading View chart by utilising my free to use indicator which overlays both the RSI and Stoch RSI in a clear and helpful fashion - link below. Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.
BITTREX:BTCUSD
by BCryptological
S&P500, US05Y and US02YLast couple of times we have had this tight spread between US05Y and US02Y a mayor decline in the S&P followed Before the declines, we saw some increase in volatility. The same kind of volatility happened last year. Could we see a mayor decline, or a correction this year, or will the S&P just keep moving up? Global growth forecast have been slashed across the border, while US till expects to hike rate, the US economy is also showing signs of slowing. ECB is also expected to raise rates in Q4 2019. EU have also adjusted its growth forecast. Time to buy gold and sell S&P. Watching is closely as if the price for S&P keeps moving up im closing my position, or i will be looking for a hedge position. If you look closely you can find a hidden divergence in RSI and S&P on the daily chart.
SP:SPXShort
by Fx-AlphaStrats
BTC Update! Tightening pattern! Will it break bullish or bearishQuick update. BTC has been tightening up really ever since the bull move on Monday. Bulls saw a strong push upwards and topped out at $3711. The ideal from there for bulls would have been brief consolidation and then another leg up. Instead we have entered into an equilibrium pattern of higher lows and lower highs. BTC pulled back from the $3711 level down to $3539. They then formed a lower high at $3667, another higher low at $3541 (essentially a double bottom), another lower high at $3657 (essentially a double top) and are now in process of pulling back again and seeking another higher low compared to $3541. As these higher lows and lower highs tighten, it does not give much wiggle room for price action and the tighter the pattern can get, the more likely scenario for a strong break when either the lower highs or highs lows break. I personally did scale into a position on LTC on the pullback a couple days ago and now have my stop loss set using its most recent low so gives me less than a 1% risk from my fill position. I usually don't play fills in this manner but it was a relatively small position and happened to be at computer when some type of negative news on ETH came out and was watching a fairly quick bearish run across ETH, BTC and LTC so opted to go ahead and fill some for LTC. Ideally I want to see BTC break its equilibrium bullish and thus allow LTC to hopefully run up a stronger % than BTC sees. Equilibrium patterns like this for BTC are 50/50 patterns and for bulls if they break above the most recent lower high, we want to see market buys and stop buy orders filling which provides the volume and gets bulls piling in to give one of the strong pushes upward. Those playing bearish seek the opposite with the higher lows failing and triggering stop losses or market sell orders to dump the price down quickly. Hoping to see a break today or tomorrow on BTC to give the market a direction for the next few days. If we see a bull break, will need to see that continuation and get the higher lows and higher highs pattern re-established. If BTC sees a bear break, I'll be extremely patient and waiting to see if the bulls can continue to defend our lows in that $3100-3200 range. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
Bitcoin | Consolidation [Bull Pennant / Bear Flag]Bitcoin is further consolidating in a tight range today. The immediate pattern it draws is a bull pennant, but the entire structure can also be seen as a another bear flag. A daily close above the bull pennant structure would be considered bullish, a daily close below 6.4k would be considered bearish. The red rectangles are areas of major resistance. I assume that the prices wouldn't break above these levels without further consolidation. Same thing goes for the support levels around 6.2k. The entire 6k area has held throughout the whole year, and I don't think that it'll break today. The only thing that the RSI reveals is that it's a no trade zone for me. The weekly SRSI just crossed under, so my gutfeeling is slightly bearish.
BITFINEX:BTCUSD
by REKTCryptoTrader
BTCUSD Descending Triangle Check-in - Big Picture Set UpsWith the bullish action the last few days, I wanted to check the overall market structure to see if any major breaks had occurred. We are still ranging within this descending triangle since mid-January 2018. By my calculations it could be another 39 days - 59 days until we break out of this long term descending triangle. You can see that the range is tightening, which is a good indication for a breakout. Think of a spring coiling... My classical charting training says that the descending triangle is a bilateral pattern so the breakout could be either bullish or bearish. More patience required, although it is not unheard of for a break before the apex is reached so it could happen at any time if there is FUD or the Whales have other ideas.
BITFINEX:BTCUSD
by HelenaDashwood
ONT Bulls Break Higher High, Higher LowONT bulls come out swinging today and we are zoomed out to the 1HR! As you can see, they are currently holding the 12 Moving Average as support and trying to break the 26 Moving Average before a run at the 100MA! MACD is bullish and separating shaping into a quite bullish set up! We have have a higher low formed, and the bulls will now look to break to a high higher while regaining the 26MA as support! The zone between the 12 and 26 moving averages is tight, and the 12 is setting up to break up through if the bulls can keep momentum in their favor! As always, set stop losses within 5-10% (depending on your preference) of the 12MA as it is working as our current support. If broke, there are a few support levels in the 1.90's that I think will hold us up for now. J-DOT-CRYPTO
by jreilly1310
Rotational Trading Plan For The EUR/USDThe Euro has gained ground against the USD for the last two sessions. Of course, the downtrend of 2018 is still massive, with the EUR/USD struggling to gain any bullish momentum. In such a tight market, playing a rotational strategy is a good way to rack a few pips. A buy from above daily support at 1.1657 is a positive entry to the bull. A modest profit target of 10-12 pips is ideal, using a 1:1 risk vs reward ratio. This trade idea will remain valid for the next 48 hours.
Long
by FXLeaders
2
TESLA cup & handle breakout strategyPotential handle forming in the shape of a consolidation equilibrium tightening pattern. Green dotted lines represent support and resistance levels. Green arrows represent long positions ; red arrows represent short position. Green box represent profit taking area based on 1.618 fib ; red box represents profit taking area based on support zones. Rsi can go above 70 if bull breakout or down to 40 if bear break. Macd showing minimal divergence = low volatility = imminent breakout. Volume 30ma shows volume decreasing. Above average volume will confirm breakout from fake out.
NASDAQ:TSLA
by Artemizios
SPX Tightening Pattern- Big Break Expected SoonSPX has been in a clear pattern of lower highs and higher lows on the Weekly since the big bear break in early Feb, and a break of the pattern is expected soon. Since this pattern has played out for 3 months, I am expecting the break of this pattern to guide momentum for the rest of the year. A break of 2720(with volume) will indicate a bull break, and a break of 2610(with volume) will indicate a bear break. It is also important to confirm breakouts with TVC:DJI , which is forming a similar pattern, and TVC:IXIC which is forming a possible H&S.
SP:SPX
by ETHMiner
ETH Beautiful Pattern (education)This is just a look back on ETH and the nice move that it had on the weekly chart. This tightening pattern can be found on every time frame the weekly the daily the 4 hour etc.... This is a perfect example of a lower high and higher low tightening range before a massive move to the upside.. Keep an eye out for this tightening range on other charts as this is usually a great trading opportunity :) also if there is a tightening range on the 4 hour chart and also a bigger tightening range on the daily chart the direction the 4 hour chart breaks can give you a good indication on how likely the daily chart will break in the same direction Anyway just an quick idea to keep the trading brain ticking over.. :)
COINBASE:ETHUSDEducation
by gillman_hugh