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Trendlinesmatter

FTM is ready for a comeback!FTM dipped over 50% after its February party. Now its starting to feel it again. The trend lines are a bit arbitary but i chose to use a daily chart to show you the MACD. MACD is reversing indicating a bullish signal. If you havent bought yet i wouls say wait for the retest of the FIB-trend line area to occur proly around early 0.43. First TP at .50 (im skipping that one possibly depending on the momentum) Then just follow the other FIb extensions from the Dip. This is a certain 2x in the next 1 or 2 weeks imo. Lets hope BTC doesnt get Drunk and crashes the kids party.
Long
by Suneater69
Where are we with the Nasdaq? Fibs and TLFibonacci retraces from ATH (338.28) to March low (297.51) -We are currently trading above 50% (bullish pivot strength) -We haven't broken the 61.8% (still possible to short or take profits from long until 322.68-324.28 break) Longs would be smart to take some profits off the table at 320, 322.68, and keep a passive position to ride to 338.28 ATH. Break of upper resistance trendline and first fibonacci leg @ 314 gives confidence to bulls. Shorts would be smart to look for price to breakout from last week's high 319.86. From there I would wait to short from 323, just above the fib breakout range. Confirmation of long term trend occurs at 325, from there, look for pullbacks to add and ride passively until the next wave of volatility.
NASDAQ:QQQ
by UnknownUnicorn3390306
1
BTC/USDT 3 Hour Chart Fall ProjectionOk guys I think this is where we finally see our pullback. Notice the artificial pump to diverge from the original fractal . Who knows? Maybe its nothing, but this is what I see and I wanted to share with my followers so they were aware what may occur here. Covered in Bulkowski's Classic Trading Patterns under the trend line chapter he mentions a piercing of a diagonal trend line after 5 touches. The price action then should come up and retest the trend line and get rejected just as it was last year. Only time will tell. If you agree throw me a like and follow me for more unique ideas and concepts that keep you in the gains. Much love
Short
by The_New_Disciple
4
Euro inversion of trend?I don't see the Euro inverting anything. Still, good to keep an eye on this however. Ultimately, there is still a US$ shortage globally and countries that have sold sovereign debt in US$ will need to start hoarding US$ in great quantities again. The recent spurt in the equity markets have temporarily relieved the need for cash Dollars. I do not believe this will last even if the equity markets should carry on rising. The technical levels are very clear. I think we have till the US election for a resumption in the main trend
by guidoamm
1
I got my bet on a short for Gold (XAU). Gold has been in a uptrend since March, however I see the cup is about to tip over. Even though this hard commodity is the go to for many investors I’m predicting the price to fall drastically once everyone see how strong United States will stand against the last leg of the elections and hopefully the more business savvy candidate comes out on top. The USD will surely tank depending on how November 3 goes. I hope y’all have those pending orders ready.
FX:XAUUSDShort
by HeyWhit
Bitcoin steady weekly, monthly and quarterly trendsBitcoin is slowly heading towards the January 2018 open. There are plenty of reasons to be bearish if we take in consideration extent of this bullish rally, the premium basis from Perpetual swaps vs Spot or even what the commitment of trader report suggest. BUT the TREND is still INTACT! there is no significant break from the major high timeframe trends (weekly, monthly and quarterly). Orderbooks also showing temporary selll (resistance) cluster of orders at 12.1-12.3 in most exchanges. But those could be easly eaten with a momentum push. But monthly and weekly trends are still looking healthy EVEN if we consider a very possible correction towards 10.1k offering that way a great RR buy entry.
BITSTAMP:BTCUSDLong
by D7R