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13.04 GBPUSD Short [ALREADY CLOSED]Hi guys, forgot to post this setup at the time of entry because it was frickin late. It was a double top setup on GBPUSD on the 13.04. With 5 confluence factors for this trade it is categorized as a B Type setup. Sadly I was closed out the next day for a full loss of 1.00%, nevertheless it was a good setup, losses are just part of the game of trading. I see alot of people, especially on the frontpage, who would never admit to being "wrong" and instead of doing so just find new trendlines, formations or other confluence factors validating their trade idea. There is no successfull trader without a loss, these people are nothing but fakes. I trade on probability. I know that my system works, I dont cling to ideas and I let the market show its cards. I only have to execute my trading strategy as flawlessly as possible and I will (and am) in the green in the long run. Best wishes and happy trading
Short
by Schlabberlatz
EOS April 17, 2018 Daily - 2018 - Big Winner Again In 2018 EOS just completed Minuette Wave (i), the second 5 full wave count it has completed in a short few months, during a bear Crypto market. EOS is one of perhaps 5 coins I have seen over the past few months consistently increasing in value. It has shown phenomenal strength against a super negative market pushing higher all along. Currently, it is correcting after completing (i) after which I expect it to commence forming its Minute wave (ii) where it will set several new highs beginning soon and into summer. It will likely prove along with EOS to be one of 2018 best performing crypto in my opinion and per Elliott. It is on a definite track at this point to continue into the Minute wave completing it within the next 3-4 months if historical patterns hold for this one.
E
by bshgeo
BITCOIN ain't died. Up trend is recovering. BTC não morreu.Ola. Ainda não podemos deixar por completo o pessimismo. Estamos num ponto que considero critico. Caso o preço não consiga ultrapassar os 9500 é provável que o preço continue a tendencia de baixa. Nesse caso pode ir para o abismo ou ficar na região de suporte (retângulo vermelho), que é o que muitos estão esperando. A força vendedora ainda tem bastante força. Os ursos ainda não foram embora. No momento estamos com o preço brigando pra subir. Temos uma região de resistência muito extensa indo agora desde os 9300 até os 12300. Traçamos varias setas indicando as possibilidades que vemos nesse momento. Então indo para a tendencia mais otimista podemos ver o preço ir lá em cima na linha de tendencia de baixa, LTB. A expectativa dessa vez é ter o preço rompendo para cima dessa linha e ir buscar a casa dos 14k ou até acima. Como falamos no começo podemos ter o preço sem força pra passar os 9300 e voltando a cair, mantendo a atual tendencia. O preço pode mergulhar direto nos suportes abaixo dos 7K. Nesse caso o preço deve manter na linha de suporte, coincide com o fundo da media do canal de baixa e com o topo do retângulo da zona de suportes. Esse é o pior cenário no curto prazo. Como outra possibilidade podemos ter o preço formando um fundo duplo, que é um padrão de reversão. Sendo assim, podemos ver o preço ir romper a LTB e andar ir forte pra cima, mostrando a retomada da força compradora. Voltando a falar do primeiro cenário que é também o mais otimista, caso o preço faça o movimento previsto, irá deixar também uma figura de reversão que é o OCO invertido. Com um sinal desse, os touros devem ir com tudo pra cima dos ursos. Sendo otimista, quem sabe o preço rompa o topo histórico. Agora o que realmente irá acontecer ? Bem temos boas possibilidades. Escolha a sua. Tome cuidado pra não ficar para trás e para não perder dinheiro. A sorte está lançada. Hello. Pessimism still hovers in the air. We're at a point I consider critical. If the price is not able to reach the 9500 it is likely that the price will continue to low trend. So the Bitcoin can go to the hole or get a little higher in the support region (rectangle red), where almost everyone is waiting to fall The sales force still has a lot of strength. The Bears haven't left yet. At the moment we are at the price fighting to rise. It has a region of extensive resistance going now from the 9300 to the 12300. We traced some arrows indicating the possibilities we see at the moment. So going to the most optimistic trend we can see the price go up there in the low trend line, LTB. The expectation this time is to have the price breaking up this line and go get the price in the 14k or up. As we speak at the beginning if the price is not strong enough to pass the 9300 it will fall again, maintaining the current trend. The price can sink directly into the support below the 7K. In this case the price must remain in the support line, which coincides with the bottom of the middle channel and with the top of the rectangle of the bracket area. That's the worst scenario in the short term. As another possibility we can have the price forming double bottom, which is a reversal pattern. So we can see the price going to break through the LTB and walk going strong up, Showing the strength of the buyers. Speaking of the first scenario that is also the most optimistic, if the price makes the movement predicted, will also leave a reversal figure that is an inverted HSH. With a sign like that, the bulls must go all over the bears. Being optimistic, who knows the price until it breaks the historic top. Good news started coming up. Now what's really going to happen? Well, we have possibilities. Choose Yours. Take care not to fall behind and not lose money. The die is cast
BITFINEX:BTCUSDLong
by hmv.live
EURUSD Forming bullish flag on Daily- good RR opportunity Hello traders, We have this week CPI ready to shake markets and hopefully taking EURUSD out of this period of acumulation/distribution we are in. Price action is forming a bullish flag and wichever the side the breakout happens it will be a big move given the time we have been loading in this zone. I can't tell you that this is the right side, but I tell you that this has a good RR opportunity and it's on the side of the current trend and least resistance. If you decide to go long, I reccomend 3 positions, 2 for the targets I mention, and the other one for riding the trend, after such a long period of accumulation, the move it's going to be big. Load your bags, and prepare to ride the pig! Like and subscribe!
Long
by Paintomaker
AUDUSD Long positioning for inflation numbers Hello traders, next week it's inflation releases week, all markets are on waiting mode until this data comes out. The world has started to look at bonds and bonds yields, and it's moving via inflation right now. Commodities are an asset class that performs very well on inflationary periods(the last part of the economic cycle) and Australia is a very important commodities producer. Also Australia extracts a good part of the gold. When inflations starts to pick up a common way of not loosing value is buying gold, so AUD has a double wammi this time. Looking at waves, we are at the end of the retrace of the initial swing on the mid term wave, next wave is a momentum wave so better to catch it. From the technical perspective we have formed a expansion of pivots wich gives us a tradable pitchfork. Also we have bullish divergence on the MACD. This level it's an important monthly level also so a rally could perfectly start from here. From a risk perspective, we have a trade with a global RR of 2.5 so it's a trade I would take over and over. Best of luck for you, and if you don't mind, press that thumbs up button over there and follow me for more analysis ;)
Long
by Paintomaker
GOLD Long on Support, positioning for US Inflation numbersHello, we have a very nice opportunity in Gold, next week CPI numbers will shake markets and the expectations are to confirm increasing inflation. Inflation is right now the only thing that matters as it's making bond yields to climb and SPX to crash. This means money is in risk-on mode plus inflation is picking up, so it's moving to assets that can protect value in an inflationary world like Gold. We have this really nice combination of uptrend forming, price has started to make higher highs and higher lows and it's trading at a discount price near 1318 which is a strong level of support. Also we have this pitchfork that looks really well, and price is respecting the inner parallels really well. We have a potential RR of 3.3 to 1 on this one, so it's a trade worth taking. If you like, hit the like button and subscribe.
TVC:GOLDLong
by Paintomaker
XMR forming double top on short term rangeDear trading friends, Monero chart have formed a double top pattern on the 1H candle chart : * High volume entry 02th March * Double top at 32898 * Pullback at 30317 While the coin has been quite bullish since March 01th, the bullish trendline was broken (at least briefly). I see a shorting opportunity here in case the double top pattern completes. With an entry zone at 30355, the target would be 27772, stop loss at 30730. Please feel free to comment and let me know if you share this or any other idea :)
XShort
by Greenou
UPDATE on MY EUROUSD SHORTWell,has been tough these last two days. After I have been shorting Euro like crazy it rose more than one figure. That hurts!!!! But I still stick to the fact that we have a major top and remain short. I post the weekly chart and that blue line you see comes from the Monthly chart and I pulled it from the very top. It is the secular downtrend line. My point is that the volatility and the volumes we see at these levels are typical of a top formation. If we break that blue line and close two consecutive days above it I will have to reconsider and my G.. stop my shorts (uuuuh painful). Today Europeans tried to go beyond 1.25 in early morning but it stayed above for very little, then all day until the figures I could see that buyers had no strenght for another attempt...1.2497 has been holding. So I expect that by Europe close other sales will come in as this week long will capitulate and close positions before the start of the weekend (many are doing it now, and I am talking about the big guys that take large positions, hedge funds and financial institution traders...what I was in the past... big, arrogant and dumb :-)). I would not be surprised to see a drop to 1.24 by tonight. Anyway. My point is the big picture and believe that the risk is on the downside, these are the last days of the Bullish Euro. I cannot add the RSI indicator but a weekly divergence is underway and if the indicator moves below 70 the price will drop heavily. Have a nice weekend for those who care. For info I hope to activate my blog Teforecaster.eu by next week but will post here too.
Short
by TheForecaster
The Rules of Bitcoin. The art of hodling Bitcoin and USD.Whats up? Welcome to this consistent update analysis on Bitcoin based on our beautiful Fibonacci Retractment Levels. Looking at the 4hr chart we see a consistent Fibonacci Levels, you can see BTC appear to love 0.236 fib, 0.5 fib, 0.786 fib. Additional rules of trend line (pink, dotted red, dotted blue, dotted red) act as a Support and Resistance and will nullify Fibonnaci Retractment Levels in some timeframe. It is unwise to do trades with emotions (FOMO and FUD) near those rules. I personally add 15% of my crypto net worth into Bitcoin and USD on those rules, regardless of its volatility behaviour. If you fail to set aside your emotions, look at those rules and treat those rules as Support and Resistance . Always secure small profit and set a tight stop-loss, in volatile market, conservative wins, always. **Indicator constantly fails Bitcoin . Name it, MACD , RSI , BB, EMA (12, 26, 50, 100, 200), SMMA (7). It gives you false signal. Some of you feel the market is highly manipulated, and it is. Bot are not in favor in this market, at all. Case: A bot was created with the intention to get a 100% profitability, and it was achieved on 7-day timestamp Backtest environment. However, do you know what happen within the next days? It was starting to lose money. **Bitcoin market cap is 173 billion USD as we speak. However, the market behaviour somehow it's not correlated with its volatility behaviour. It is speculated that the actual market cap isn't 173 billion USD, far from that number, which turns out to be true will justify its volatility behaviour. **It is unwise to decide a Top or Bottom when the Volume is below Volume Average as some of you may call for reversal because of Bullish Divergence RSI MACD and trend line break out on the 1hr chart at Feb 23th, 10:00 GMT+7 (It's gone, don't bother to check it). **This information is not a recommendation to buy or sell.
BITFINEX:BTCUSD
by bigLITTLE
2
Fibonnaci Levels ForecastWhats up? Welcome to this consistent update analysis on Bitcoin 0.73% based on our beautiful Fibonacci Levels. Looking at the 4hr chart we see a consistent Fibonacci Levels, you can see BTC 0.73% appear to retract to 0.5 fib consistently. It is also unwise to decide a Top or Bottom when the Volume is below Volume Average as some of you may call for reversal because of Bullish Divergence RSI MACD and trend line break out on the 1hr chart at Feb 23th, 10:00 GMT+7 (It's gone, don't bother to check it) This information is not a recommendation to buy or sell. **update, I got rid of MACD, RSI and else to clear up the chart (requested)
BITFINEX:BTCUSD
by bigLITTLE
1
Bullish spinning top doji signal ling a trend reversal?We ended the last 4 hour candle with a green bullish spinning top doji, which is typically indicative of a bullish reversal...so far the follow up candle has been acting bullish..it will need a little volume swell to really validate the spinning top but being that it occurred after a long downtrend close to where we are already anticipating the bottom of the inverted head and shoulders 2nd shoulder, has drifted far enough from the tline that its due to start drifting towards it, and is currently being followed up by a green candle and increased bull momentum, I think its most probable that we will see some temporary upside on at least this next candle. currently the 50 and 200 EMA have yet to cross so that is a good thing...there's a chance they may not even touch but they are currently as close as you can get without touching.
BITFINEX:BTCUSDLong
by DrDovetail
Eur Usd possible Double Top at TL1) Price touched the big falling trendline 2)Price formed a Double Top right at this Trendline 3)RSI confiming a Divergence and indicating that price might go short here I just want to see a break n close through the light blue s/r zone here . I have enough confirmation by the 3 points above for a short now i just need this last push down breaking the structure to open a short position . Alternative keep your eyes open for break to the upside above the Double Top this will invalid the short scenatio for now and will open some space to the upside.
Short
by Trueman23
Bitcoin: BTCUSD Double Top at 9000 - Caution Required Now Bitcoin Bitfinex Chart Update Double Top at 9000 Witching Hour - Caution Bitcoin reached a high at 8999 on Bitfinex overnight around mignight gmt - effectively a double top here after a 50% rally. As the futures chart shows the entire range from 9000 to 9225 is a powerful resistance zone and Bitcoin is clearly struggling to make headway above here. Additionally it has lost the longer term dynamic support and although buyers have appeared at the 8346 line it's more likely day traders scalping 200 points where they can. It's difficult now to keep a bull hat on from here ...it will have to break above the parallels guiding the current down-trend from the overnight high and then hold up at 8586 to change the picture back to near term positive - but even then the bigger rising dynamic now above price will be likely to hold back rally attempts from here - if we see this and you follow long again to use a stop under 8550 as any breakout from 8586 line cannot be trusted as others were - because of that overhead dynamic resistance line. Right now this is day traders' territory - the smaller rsisng dynamic running under price is their likely stop line and if breaks below it it will fall away to 8346-8300 again and then if this breaks to the lower parallel of the continuation pattern . All smaller 150 to 200 moves right now. But in near term Bitcoin is trying hard to penetrate the upper parallel of the continuation pattern - bulls don't want to quit still, but they're beginning to push against a closing door...that bigger rising dynamic now above it is likely to stop any rally from here...after a 3000 point 50% rally, where we first bought at 6200 and have bought every break out good and bad since, discretion has once more become the better part of valor for wiser Bitcoin bulls. We had our time. And now it's time to turn cautious again. Just be very careful if tempted in by this rally now...it can push higher because some still have bull hats on when they should really be looking for shorts from here - but that dynamic should stop them if they can push it that high. If you're still wearing your bull hat, tread carefully, is all.
BITFINEX:BTCUSD
by sumastardon
2
Eur Aud Short after double topIt looks like a classic top pattern for me . We see price found reistance in form of a double top right at a previous swing high which provides this resistance area. I look for a short trade after price breaks n close below the double top neckline (support) . Looking for a target at round about 1.54500 area. If price cant break below i look for the other direction and a break of the resistance at the top for further bullish momentum. 2 simple "If then" scenarios for this more or less classical top formation.
Short
by Trueman23