Making Unpopular DecisionsAlright viewer's. Sometimes as traders we have to be willing to go against the greater wave of sentiment. Sometimes as investors we have to sit back, look at the big picture, and make our own decisions. This is one of those times, where we need to be ready to make those types of decisions. I think you should watch this video with a grain of salt - and I think you should read like crazy, look at charts like crazy, and most importantly -- I think you should be drawing up your own charts until something speaks to you. You NEED conviction here. You need to be sure.
I'm not convinced by what others do. I'm convinced by what I do. I hope you are the same way -- draw your charts with me guys. I'd love to see you post some back here in the comments section. Please do.
Trend-analysis
HK - Trend Analysis + Fib Retracement (SHORT)Wait for a confident break below the EMA and supporting trend line + support level.
Keep an eye on the order books! Use numerous indicators in conjunction with one another along with a look at the volume. If we see a drastic shift in the buy vs. sell volume, it could be another sign of reversal!
BTC/USD 30 min: Bull Flag, rally to $13000 likelyIf the market breaks out of this formation a possible rally to the next resistance level of $13000 is likely to occur where the Bulls/Bears will battle it out, potentially signalling a reversal of this correction. If not, there is a shown support level of $11100. A further drop in price is currently unlikely below that level.
THC continues the CHANNEL %75 chance !THC is looking bullish but we need to be careful there is high probability that it will retrace to the support @ lower channel
Indicators
MACD is not strong bullish
RSI is not strong as well
the volume is highly decreeing all are alarming
If you are still holding or taken this trade the our targets are as follow
TG1 5260
TG2 6220
TG3 7400
>>USDCAD<< >>January Week 2<< Short SetupUSDCAD just retested 1.2580 Key Area which also was 60% Pullback of previous week Price action,
good risk/reward following trend. Possible to go up to 1.2630 to retest previous lows but we"re fine
with that our stops are good.
Entry: 1.25750
Sl: 1.27150
Tp: 1.23650
Trade with care
Always happy about feedback or comments :)
ETHUSD - Trend Analysis + Gann Fan (SHORT)Given recent indications and the given trends, I expect ETH to correct to anywhere as low as 860 ONLY if we break 1045.
If we don't break 1045, we could quite possibly moon again, however this is incredibly unlikely due to how overbought the market is at the moment.
Trade cautiously!
STEEM - ABC Correction buy opportunity (LONG)Looks like STEEM is going to take a dip from recently being grossly overbought.
This is a great opportunity to pick up some STEEM if you're looking for one.
NOTE: This is not financial or trading advice. Please take everything you see here with a grain of salt, and make informed decisions when getting yourself into positions.
XVGBTC - Trend Analysis (LONG)XVG has been taking on some water recently but we're seeing a slow but steady recovery.
Given the recent indicators and trends, I expect XVG to recover anywhere as high as 1365 satoshis, and to have a correction down to around anywhere as low as 865 satoshis.
NOTE: This is not financial or trading advice. Take everything with a grain of salt and make your own judgments before you set any positions.
BTCUSD - Trend Analysis (NEUTRAL) Given how we broke the previous downtrend resistance, I think we can ride this all the way up to around 16400 (reasonably).
However, I expect a pretty rapid correction to as low as 13000 given previous support and resistance barriers.
NOTE: I have no position in this. This is purely my speculation. Also, this only shows the TA side of it (not the full story!).
XRPUSD - Elliot Wave Theory + Trend Analysis (SHORT)Alright, so XRP has been on a bull trend for a while now, and I think we're primed for a pretty big correction.
XRP appears to be pretty heavily overbought, and we'll see how this plays out.
PLEASE NOTE: All my charts show purely the TA side. Please apply your fundamental knowledge of the crypto market(s), and XRP in general to use the chart to make informed decisions for yourself.
XVG - Trend Analysis + Gann Fan (LONG)Alright, so on December 24th I predicted a crash in XVG, which was for the most part correct (despite some minor bulltraps):
However, given some indicators and analysis of the order books, I think it's quite very possible that this is the end of the correction.
We broke a massive supporting trendline , and on top of that we just had a confident 1/1 retracement breakout.
RSI levels looking healthy, and it looks like this is the bull run that many were looking for.
Given the very apparent volatility of this coin, please trade cautiously.
(USING 4 HR CANDLES!)
XMR - Trend analysis (SHORT)Alright, looks like Monero (XMR) has been overbought and a short position would be the most optimal here.
We have crossed the support line which supported this current trend, and now the market is looking for the new support level.
Given the current base support line, I think a very reasonable target price would be $230.
Trade cautiously!
DASH - Trend Analysis + Gann Fan (LONG)Alright, so DASH got overbought pretty hard in the recent past and we're seeing some of the inevitable correction that comes from that. However, given some indicators and the trends going on, I think that a reversal into a bullish market is very plausible here.
Wait until we break the resistance trend line before we consider a bull market!
Happy trading!