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Trends

between tough support and resistanceBTC has bounced nicely from a higher low and broken the linear downtrend on my graph once again. Unfortunately there are many ways to plot the current correction/bear reversal which do not all indicate a bullish breakout yet and this linear resistance has previously been broken and fallen back through showing that uncertainty and fear still weigh strongly after such a steady bullish market through 2017. I do not foresee a clear long buy signal until a prolonged break of 10k, ideally occurring in the coming 1 or two weeks which would show overall market belief and a rejection of a onger term correction due to the fundamental impact/potential of blockchain. This could potentially be catalysed by reduced regulations in Korea and a positive outlook following G20 negotiations, It is also very likely after such a rapid advance and subsequently rapid correction that capitulation continues and a sideways move in the 5-12k range is maintained for the near future until sufficient accumulation and progression has occurred to bring the market to the next level of growth. (ignorant accessibility)
BITFINEX:BTCUSD
by dbbtc
1
Today's Lesson (#3) : Adjusting your trading to the ContextHope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum . You can check my indicators via my TradingView's Profile : @PRO_Indicators Kindly, Phil If you want to learn more about the basic rules to trade with my indicators here's the educational video link :
BITSTAMP:BTCUSDEducation
by PRO_Indicators
18
LTC BEARISH ASCENDING TRIANGLE PRICE PLAYSSHORT TERM TRADES. A BREAK DOWN OF THE ASCENDING TRIANGLE SHOWS THE BEARS ARE IN CONTROL. I AM EXPECTING PRICE DROPS TO THE FOLLOWING LEVELS WITH BOUNCES ALONG EACH ONE. MEASURED TARGETS FOR THE FIRST TWO PRICE BOUNCE LEVELS FOUND BY MEASURING APEX'S INSIDE TRIANGLE AND IF BEARS REMAIN IN CONTROL FINAL PRICE DROP IS MEASURED FROM THE POLE OF THE INITIAL PRICE DROP FROM 205. First Target $162.35 Second Target $146.85 Final Target $126.86 NOT FINANCIAL ADVICE JUST WHAT I SEE ON THE CHARTS. GOOD LUCK ERRRYY ONE.
COINBASE:LTCUSDShort
by johnscharts99
BTC, Nostradamus, Brittney Spears, A Sour Patch, Illuminati ??My timing might be off, but my story stays the same. Nostradamus was a great historian, and Brittney Spears did make a comeback. BTC is definitely a sour patch kid. What else is next?? Between lines A and B is a good buying area. The closer you buy towards Blue Line A the safer your buys will be. There is a possibility that this trend is creating a double touch. The double touch is super bullish for BTC. For now we will be seeing continuous movement downwards till the end of march. April will be our bull run! Just in time for next months pay check ;). I will cost average my position from $5500 - $4500. The rest of my money will go towards LTC when BTC is at this bottom. I feel like LTC, being underrated in market cap will reach huge gains in April after the BTC correction. Then I will load up on alt coins after we go up 100% from the bottom of BTC. It is probable that blue line A might be the bottom. However with buying power so low, and volume low in general during our positive runs, I see new lows, eventhough the RSI is almost at its bottom. I set an alarm for when the rsi goes below 30 <-- usually a good time to buy. I'm not an expert, let's be real... no one here is an expert you need 10+ years experience to be one.. BTC hasn't been traded like stocks for that long, so be careful. May the Trends Be With You!
BITFINEX:BTCUSD
by furiousmiguel
4
NDX lowe low???Although price is still above 200SMA, we may be a bit concerned with the lower low that reached 94% FIb from 7023 to 6164. This is a warning sign that a top may be forming. However, as long as price stays within 6164 and 7023 bracket, I won't be looking for opportunities in Tech stocks. Standing aside. Of course other traders may have different opinions, but it is always important to know your edge and act according to your strategy and plan. As a trend trader I look for trends that last from weeks to months to years, so I can also wait some time on the sidelines preparing for the favourable conditions.
TVC:NDQ
by Lukasz-Grzesiak
Bitcoin BTCUSD Trying Hard to Change Trends Today Bitcoin BTCUSD Trying Hard to Change Trend Bitcoin broke above the 9537 line here and then moved up to testthe upper parallel, making an 02:15gmt/21:15est high within the first hour of far East opening before falling away \again to an 08:15gmt/03:15est low right on the blue support line at 9373 before bouncing again on European interest at the lower levels. Now it's bounced to touch the first line of resistance at 9537 once more and day traders are taking a fast 200 point win and cashing back out again many of whom have shorted at the usual 06:00gmt traditional short time and made 200 down and now 200 up again. At the moment Bitcoin is still in day-traders' and scalpers' territory with no killer swings to trade as yet. It's still trapped in a downtrend but is at least trying to form a higher low so far today and therefore showing first signs that this downwave is running out of downside momentum. In very near term it's gone into a small continuation pattern and is trying to break above the 9537 line where fixed and dynamics converge - tiny pins below and above price forming on 15 minute chart meaninga big battle is raging below the surface here. Things only begin to turn positive again now when the 9537 line is retaken and held by the bulls - that will likely lead to a test of the upper parallel again at 9682-9715 - and then the big test...Bitcoin has to break and hold above the 9715 level before the last bear will back off. It would be yet another brilliant escape act by Bitcoin if it can manage this at any point today, attracting every bull still left in town back to the game and should be followed higher if we see this price action develop. But until then Bitcoin is effectively trapped at these lower levels and the downtrend remains in force - but it's not super- bearish here, just mildly so - and so we need to watch it here to see if it tries to break above the smallest parallel of the continuation pattern - if so can follow with stops below 9480. Otherwise we wait for lower values still.
BITSTAMP:BTCUSD
by sumastardon
10
EURUSD_Trading idea_Strategically short until proven otherwiseHello everyone. Looks like EURUSD is going to form a temporary bottom here and break higher in attempt to confuse as many traders as possible. However on 4 hour the downtrend is well established. Fib is on DAILY chart. Precisely ran from the low of 1.15536 created on 11/07/2017. to the high of 1.25378 put in on 01/25/2018. Entry area is general. I will need to see signs of rejection on 4 hour before I jump in. Stop loss on trade or idea is indefinite. This is a short-term trade. It either works or it doesn't. I will not have my emotional capital tied up if EURUSD decides to test the highs. T1 1.22180 T2 1.2106 Wait for confirmation before entering. We are entering a COUNTER TREND trade and we should not get greedy. Notice how T2 is slightly before the old major high that still needs to be retested for the market to run higher longer term. If filled I will take half the position off at T1 and trail the other half to T2. Good luck traders! If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Oanda data shown. Material is educational only. Trade at your own risk!
Short
by UnknownUnicorn981629
2
BTC at an important juncture. Can the bulls stampede through? Bitcoin has been battling to stay above recent lows. The task has not been easy thus far. The second attempt on the first resistance line is being testing once more. Ideally price needs to close above this in the next day or so for bulls to have a chance at testing 10k and possibly break trend. I believe if we do not close above this line by then though, we will likely retest the support trend line below around 6k - 7k. Furthermore, below 6k will reignites the bears momentum and could have us much lower. Happy trading and be patient!
BITFINEX:BTCUSD
by nonoiz
Apple set to meet support near 155Looks like the Apple met with long term resistance. Just zoom out the chart and you will see that the yellow line represents a trend of high levels reached during this bull market, starting from 2009. Initially, I expected that the earnings beat would push through the resistance, and got that wrong.. The stock price bounced off it and formed a descending channel pattern during this retracing week. (Well.. it was time to feed the bears. They look rather skinny. :D) So.. the idea is about the next notable support level. As you can see we got various support levels meeting at 155. Zoom out, take a look, where they come from and feel free to ask questions. Yours sincerely, Y P.S. I will mark the idea as neutral because it is bearish initially, but afterwards we will see in updates what will happen in regards to the 155 mark.
NASDAQ:AAPL
by TheYanus
BTCUSD - possible trading ideaHi, I've had my lines for over 10 days now and it seems like I have a good foundation of the trend so far. I didn't want to post this too early without reasonable proof first. Expect new lows between now and February 1st. All my indicators, patterns, yada yada are telling me we can only see a real change in momentum start February. please note the dead cat bounce might even be skipped, so don't hold your breath hoping to make some money off of that scalp, because it'll come down hard and violent. Don't catch falling knives. This is simply a trading idea - I truly believe BTC and ETH will see some new highs this year. There are a number of other coins that I think will do exceptionally well and in grand scheme of things, whether you buy under 20k, 15k or 10k... you will make money this year, especially when July comes around and we see a good 3 month run. Trade safely, Alqasim
BITFINEX:BTCUSD
by Alqasim
2