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Bitcoin 18K price actionBitcoin appears to be restablishing support above this price level. “Bitcoin is currently consolidating between $18,000 and $19,000,” said Joe DiPasquale, CEO of cryptocurrency hedge fund manager BitBull Capital. “We are also witnessing an ascending triangle pattern on the chart, and a breakout above $20,000 this month is a possibility,” he added. “On the downside, there is decent support in the zone between $18,500 and $18,000,” noted DiPasquale. Price strength & consolidation through 1877 is needed to confirm a sronger move up.
BITSTAMP:BTCUSDLong
by CeoCodes
7
W-TOP WHERE THE PRICE WILL GOHello dear traders. In my previous idea "Strong levels, w-top, FLAT-trading scenario. BTC / USDT" Yesterday, I wrote about the bart head, because the 18800 level was very persistent for selling, and I even had a desire to close our long a little and move the stop. But the wait is paying off! briefly and with content, I described everything that is possible, and how to proceed, in this or that situation. This time, I will also be brief. - The BTC / USDT instrument has completely closed this fall with its movement, which means that this whole protracted flat is CLOSED. -W-TOP formation worked without any corrections. - and ALSO, the daily chart, and indicators point to Long. Therefore, any entry point from such a price: 19275 19155 19015 18888 - more priority in the long position for updating 19500-19895 -20000 - 20270. Look at such indicators as MA-157 RSI on the daily TF. But - if the price drops below the level of 18888 - and impulsively, it fixes there on the volume - then back, we go to absorb 16500. (For this time I am ready for this option as well) But still I expect - to take the triple top, on the range 20270-20500 flat and a very strong, sharp drop of several thousand points.
by UnknownUnicorn13204076
1
USDCAD : Why trade currency as a CFD?CFDs are financial contracts between a broker and trader that pays for the difference in the settlement price between when you open and close a trade. If a trader expects the currency to move higher, they will enter a long position with a specific lot size. Conversely, if the trader expects the currency to move lower, they will enter a short position, expecting to profit from it. The benefit of CFDs is that there is no need to own the physical asset. Instead, traders speculate in the difference between opening and closing trade prices. While these contracts can be used to speculate on the foreign exchange markets, the same concept applies to other assets such as commodities, oil and indices. In Forex trading, CFDs allow us to buy or sell the currencies without actually owning the physical asset. For example, let’s say you live in Canada and, through your analysis, you expect CAD to depreciate and USD to appreciate. What could you do to hedge against the CAD dollar that you have on hand? Well, you can buy or “go long’ on USD/CAD and profit from the movement in prices. By buying or entering a long position on USD/CAD, you are essentially buying the USD and selling CAD. SO, WHAT IF YOU DECIDED TO TRADE WITHOUT THE USE OF CFDS? This would mean going down to your local currency dealer and exchanging your physical Canadian dollars for US dollars, leaving you holding on to stacks of US dollars. When the value of the US dollar moves higher, you would once again head back to the currency dealer to exchange them into CAD. Now that the USD is stronger, you can exchange them for more CAD dollars than the initial amount you invested, thereby realising a profit. SOUNDS LIKE A HASSLE? It is. That’s why CFDs are so popular for forex trading: it removes the need to hold those stacks of physical cash, making trading much more convenient.
Education
by CeoCodes
12
AMAZON AMZN Better understanding of how CFDs workCFDs are financial contracts between a broker and trader that pays for the difference in the settlement price between when you open and close a trade. If a trader expects the currency to move higher, they will enter a long position with a specific lot size. Conversely, if the trader expects the currency to move lower, they will enter a short position, expecting to profit from it. The benefit of CFDs is that there is no need to own the physical asset. Instead, traders speculate in the difference between opening and closing trade prices. While these contracts can be used to speculate on the foreign exchange markets, the same concept applies to other assets such as commodities , oil and indices. To gain a better understanding of how CFDs work, let’s look at Amazon stock as an example. If you think Amazon shares are going to go higher, you would want to buy into this stock and profit from this opportunity. Hence, you purchase 10 CFDs on Amazon shares at $2,500, so the total value of the trade will be $25,000 (10 x $2,500). If Amazon appreciates to $3,000, you will make $500 per share, which is a $5,000 profit (10 x $500). CFD concepts are applied to forex trading as well.
NASDAQ:AMZN
by CeoCodes
10
Strong levels,w-top,FLAT-trading scenario. BTC/USDTHello traders. The previous idea will work out 100% If you are good at trading, you can see how this happens. I removed all the unnecessary on the grack, so I was guided by all my tips, and waited where the price would go. All my entries, I published in the public domain, and all 4 positions, short, short, long, and short - brought good profit. So far, I am out of position, as I am waiting for the level 18500-18650 to show itself. If you see a close above this level - then definitely a log - up to 18888-19230 If the kickback and creep are below 18350 - short. I still expect that the price will be driven up to form the "Head and Shoulders" - this is the same, I described in my previous idea. But if this does not happen, then I will again continue to work in a flat range - 18650 - 17666.
by UnknownUnicorn13204076
3
MONERO XMRUSD Price Action Monero network tansactions have continued to increase since the November. MR has also historically had more transactions per day than ZEC, GRIN, or PIVX, but fewer than DASH. Fundamentals show active and continued incremental XMR network upgrades over the past two years, including decreased transaction costs, improved transaction efficiency, blockchain pruning, improved privacy, and improved custody solutions. SHORT TERM LEVEL Next intra day resistance at 143.75 LONG TERM LEVEL The cryptocurrency is down 72% from the all-time high of nearly $500, established in December 2017. All eyes over the next year are on the heavy resistance zone of US$150 based on yearly pivots , and psychological round numbers.
BITFINEX:XMRUSDLong
by CeoCodes
9
XAU MSNFX RallyHolding $1835.80 Could Trigger Rally into $1860. Price Action through $1973.30 will change the overall trend long. The early price action suggests the direction of the February Comex gold market on Monday is likely to be determined by traders reacting to $1835.80. Gold futures are inching higher on Monday after recovering earlier losses in a tight, mostly rangebound trade, as hopes of a U.S. fiscal stimulus package being passed this week offset downward pressure from optimism around COVID-19 vaccines roll-outs.
TVC:GOLDLong
by CeoCodes
9
NZDCHF support & resistanceFX Strategists at UOB Group, NZD/USD could have charted a short-term top and is now seen entering into a consolidative phase. “We expected NZD to ‘drift lower’ yesterday but we were of the view that ‘the strong support at 0.7010 may not be easy to crack’. However, NZD briefly dropped below 0.7010 (low of 0.7006) before rebounding to close little changed at 0.7042 (+0.01%). The outlook is mixed and NZD could trade between 0.7010 and 0.7065 for today.” Where NZDUSD goes NZDCHF will likely follow. Looking for significant signs of resistance and strong breaks through support.
Short
by CeoCodes
9
to gap or not to gapSo, its no secret that performance has been persistent over the last few months. Only up. Keep it up, push it up, buy it up. Think that's the top? wrong, buy it up. Steam always runs out, there is no such thing as perpetual motion however statistically speaking, we tend to feel as though movement is perpetual during parabolic change. That's why we use logarithmic scaling to sift through the noise. It seems as though nothing has been stopping us recently, we have had a great climb and nearly kissed 20k. The question is, does the 19.8k we hit become this bullrun's legacy, or shall we continue another push to retest the iconic numbers everyone is so fixated on. 19.8 was already an ATH, so there is the first justification for a top. We are also eyeing the floor of a dirty CME gap that formed over the weekend right below 17k. Typically these fill in their entirety, at least to half of the gap distance. Given the over extended nature of our current level, I would anticipate full gap closure. Selling anything above 18375, and buying anything below 17k. Large offset orders have been placed just south of 14k, 15k, and 16k to utilize any extreme drops to my advantage. Cheers
COINBASE:BTCUSD
by BingoMoney
2
DXY OUTLOOK NOV 8TH - 13THPREVIOUS CHART : TVC:DXY 1st things 1st... Phew What a BEAUTIFUL trading week this was. there was a lot of volatility but from a technical view, all of the prices lines up perfectly. i firmly believe that the DXY is going to test out the yearly lows. Although i'm bearish on the dollar, as of right now i am sitting comfortable in my positions with a neutral outlook. When the week starts, I will wait for the opportunity add on to my positions. i've already taken some profits because of the uncertainty of the fundamentals & with the markets being closed over the weekend, sheesh you may never know. I understand there can be pull back as we're coming into resistance after this 200 point drop but i'll just wait until the opportunity presents itself.
TVC:DXY
by SlattYSL
3