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Update

07/06/2020Looks like sort of a head and shoulders pattern (purple), apologies, I can't seem to use the H/S tool correctly lol... but we seen a slow drop of a metaphorical cliff this morning when BTC dropped to the lower $9Ks which would have given us a good CME gap to the upside, though within an hour, BTC seems to have recovered from that drop and is back trading around the 9.7K mark, closing in on the $9800 CME close we had on Friday, closing the gap which we may see on the close tonight. Bear in mind, from personal experience, the last 30 minutes are extremely volatile when it comes to price movement so we could expect NO gap and Bitcoin even to rise higher again as the market is still looking very bullish. I have been watching this on the 1 hour TF as I think it shows it better but tonights weekly close/open will tell. That's all I have for now and I wish everyone well in their trading. PEACE!
BYBIT:BTCUSD.P
by Crypto_Jakk
02/06/2020UPDATE: #2 Like I said in my last chart, I fully expected a retracement from that huge pump to 10.4K, which was not organic movement. It looked like text book 'pump and dump', either by whales or exchanges. Pure manipulation in order to shake out orders and now this dump will have taken out alot more who FOMO'd in on the 10K break. $90 Million liquidated on BitMEX with the pump and I would only imagine the same if not more with this dump. We are still moving so it may not be over, although I think in my personal opinion, BTC could fluctuate around the 9.4/9.5K level before establishing a reasonable trading range within the $9500s mark. (Currently @ 16.30 UTC+1, we are almost lower 9300s) The MACD has flipped massively bearish and the RSI is sitting around the 17 level, signaling we are oversold so a small correction back to the upside would be totally possible. I would not rule out the possibility of heading back up upwards $9700-ish, but IMO a range averaging in and around the 9.5 mark is reasonable for the dump to be corrective. I hope no one got REKT, nor lost money on this dump as it was kind of obvious to me that the pump happened too fast to be natural, classic pump and dump IMO, which is why I had a short placed when it settled down. This market IS VERY VOLATILE, and will continue to be I believe, unless traders sit this out and wait. If you are unsure, as it seems this movement has caught everyone by surprise and technical analysis could not have predicted this at all, then DO NOT TRADE just yet. I would warn anyone who is trading this market now to be very careful and do NOT forget to manage your risk. Thanks guys, I enjoyed the engagement on my last chart. Very enlightening and interesting.
BYBIT:BTCUSD.P
by Crypto_Jakk
3
20/05/2020In my previous chart I had shown a flag formation coming from a bullish market. I mentioned I would draw it as a pennant and today an unexpected dump broke it down a few hundred dollars and volatility was going crazy for about an hour or so before settling around the 9500s. This chart may be a little premature but it shows another possible flag formation. We are currently still above the Ichi cloud but the RSI is in netural territory. The 50MA is crossing the 200MA and BTC seems to have been riding the 20MA i believe since May 10th. The MACD histogram is converging bearish with the MACD signal and price line high above the histogram. The market is very unpredictable IMO but there is room for another drop but on the other side there is still room for a climb back up to test the 10K resistance again. The more times we test a S/R line the less likely we are to break it, if we test 2 or 3 times we should expect a break. Any more than 3 times I question why we are struggling to break this line. This is where market sentiment comes in and you need to gauge the strength of the bulls and bears, it was looking like the bears were getting exausted and the 10K level would be broken but after that drop today, it will be a slow climb back to where we were previously IMO. Apologies for the explaination but I hope you can see where I am coming from. Thanks!
BYBIT:BTCUSD.P
by Crypto_Jakk
GBPCHF top-down analysison DAILY: GBPCHF is sitting around a strong support zone in red so we will be looking for objective buy setups on lower timeframes. Unless price breaks aggressively below our red zone, then a bearish movement till the all-time-low would be expected. on H1: price formed an objective trendline in blue, and we have an inverse head and shoulders forming. we are waiting for the right shoulder to form and then buy after a candle close above our neckline. or we are waiting for an objective break above our blue trendline to buy. we also have divergence on MACD adding more confluence to our buy setup. meanwhile, this pair is overall bearish.
Long
by TheSignalyst
19/05/202012hr. Also works zoomed in on all lower TF's and HTF's. Shows a lead up in a bullish market structure into what could possibly be a flag, pennant formation. If this is the case, it would be ready to break in the same direction as the lead up and be bullish. This is not for certain although I thought it relevant to post as I had firstly spotted it on the 1hr chart when I zoomed out, then confirmed on other time frames and looks like a bull flag. Feel free to correct me if I am wrong. We seem to have tested the top more than 3 times, with each pull back smaller than the previous (1hr zoom). The more we test the top, the less likely we are to break it, although the pull back getting weaker indicates the bearish streangth is weakening and we could be in for another test and possible break to the upside.
BYBIT:BTCUSD.P
by Crypto_Jakk
1
Update on NetflixI'm aware that this post is late but just wanted to show you that my Take Profit was hit..... Waited a couple of days for netflix to pull back before I entered and entered a long position, which i held for a few days... Personally i think Netflix may continue to rise (in the long run), but for now im staying out and looking for a better point to re enter a long position. Below you are able to see my original analysis on netflix and how things played out over time. April 20th April 26th April 29th
NASDAQ:NFLXLong
by NoCeilingsTrading
US OIL BREAKDOWN ANALYSISUS OIL BREAKDOWN ANALYSIS(HARMONIC ANALYSIS) Hello! Traders! I'm here with a new forex idea and analysis, Kindly share your LOVE by giving me LIKES and COMMENTS. Share to more traders like you. Follow me for more. Thanks in advance. A potential harmonic bat pattern is forming on WTI. what I like about this pattern is that its D point is lying perfectly on the current structure low = strong support. our buy zone is between 19.2 - 20.3 from this area, we will expect a pullback to at least 23.0 / 25.3 levels safest stop: 18.15
TVC:USOILLong
by Daily_Price_Action
2