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Trend-reversal

Double Bottom to Reverse Current Downtrend?A double bottom looks to be forming on BTCUSD. It is still to soon to completely call it as a double bottom, but keep watch of the pattern. At 13,000 level recently a double bottom formed with very similar characteristics as this one and that led to a major trend reversal. This could be the trend reversal that we have all been waiting for. Happy Trading! Please donate if you like what I do! :) bitcoin: 1NTkRex1gE2iJ63sFQHNpFYkBoeZ3w69FZ burstcoin: BURST-S9HQ-84BX-CXX8-4RKBC
BITSTAMP:BTCUSDLong
by stupendelious
Bullish Cypher Formation Daily ChartCurrently it appears that price action is set to continue its push to the downside and if in doing so will form a Bullish Cypher Formation. I predict price action will either do 2 things (A) - test the lows of the minor structure level around the 1.16500 (price could possibly test it and bounce back to the upside or blow straight through it!!) (B) push down to the D entry put in some type of reversal candle and have a text book bullish cypher!! (if only it was that simple!) (C) push all the way down and test the monthly lows zone an possibly revers from there Personally I am not going to take this trade as soon as price hits the D Completion. when it gets close to the D completion zone also previous resistance which could act as support (highlighted in orange) I will drop down to a lower Time fame to look for an entry reason.
Long
by LukeFagan
EOSUSD Bearish DivergenceEOS has had a strong and slightly unexpected bull run these last few weeks. The ongoing ICO continues to release 2m new coins daily but buyers must be holding as the increased supply has done nothing to dampen demand so far. However, price appears to have topped out at around $2, and volume and RSI having been falling for the last week. Looks like a classic bearish divergence. I'm waiting for a clear breach of $1.75 (0.236 of current bull run) and/or a bearish candlestick pattern before I open a short position. Profit targets are: $1.50 (0.382 of current bullish trend) $1.40 (old resistance turned support) $1.30 (0.5) $1.10 (0.618) Stop loss: $2.00 Comments welcome.
BITFINEX:EOSUSDShort
by SammyNoden
1
Trading at market with USDJPY!Hi guys, this is a live trade example. As you can all see on the daily chart, price is up to retest a key structure level that held three times in the past. For this reason i was very cautious going short (the more a structure is tested the weaker it becomes) but right now we have an additional signal in the form of a second retest of a previous high with an engulfing kicker at the end of it. This is one good way to approach the market in situation like these. I'm selling at market, stops and targets as shown. If you have ideas/thoughts, feel free to share. Otherwise, see you in the next chart!
Short
by Roker1
5
EURUSD at the top? I think it could be the case (Video attached)Hey guys, in this weeky videoanalysis i spoke about EURUSD situation for the next days. As you could imagine from the charts above, my bias is SHORT, and that's because there's a break of structure to the downside on the dialy chart. A sign that hasn't happened for few months now: that gives extra power to this early signal. You could wait for a retest of the yellow box and some kind of reversal patterns on lower tfs, or you could trade the simple pattern (like the flag) that's forming up on the hourly chart. I'll take the first! If you want to know which are my other pairs on the radar, click the link below and give me a feedback! Last week we hit targets! If you want to share ideas/questions, feel free to ask beneath. Otherwise, see you in the next chart!
Short
by Roker1
2
EURUSD early reversal sign? Videoanalysis attached!Hey guys, in this weeky videoanalysis i spoke about EURUSD situation for the next days. As you could imagine from the charts above, my bias is SHORT, and that's because there's a break of structure to the downside on the dialy chart. A sign that hasn't happened for few months now: that gives extra power to this early signal. You could wait for a retest of the yellow box and some kind of reversal patterns on lower tfs, or you could trade the simple pattern (like the flag) that's forming up on the hourly chart. I'll take the first! If you want to know which are my other pairs on the radar, click the link below and give me a feedback! Last week we hit targets! If you want to share ideas/questions, feel free to ask beneath. Otherwise, see you in the next chart!
Short
by Roker1