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Could the Bitcoin reverse from here?The price is falling towards the pivot which is an overlap support and could bounce to the pullback resistance. Pivot: 56,992.44 1st Support: 54,704.04 1st Resistance: 59,966.65 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:BTCUSDLong
by ICmarkets
DXY getting closer & closer to double bottom target from AprilWe can see this pattern’s breakout has definitely been triggered at this point and the price is heading closer and closer to the target that we called back in April. I will attach the chart idea from April near the bottom of this one. Only question now is do we reach 100% of the target. We still need to over come around 121 for it to confirm a higher high on the macro chart. I personally anticipate a lower high but either possibility is probable at this point. If we were to not hit 100% of our target before the next next downtrend then that would definitely clue us in. *not financial advice*
TVC:DXYLong
by DrDovetail
Fake Outs Explained - AdCrypto TheoryHi there, Basically you need to stop looking at horizontal lines only otherwise you will just be looking at order blocks, you need to expand and start looking diagonally.. In diagonal lines where it closes is more important than the wicks, as wicks generally represent peaks whilst where a market closes/enters is specific to the overall trading range (not always obviously you can get spikes within the last 10 minutes but overall it is true)... Either way, it's more accurate for determining trends when they are moving diagonally as opposed to just break outs from orders.. Buying above a break out is safe or at the bottom range next to support is safe, however buying in the middle opens you up to mistakes as fake outs happen that mislead people into thinking a new trend has formed..
BITMEX:XBTShort
by Ari99
1
USDJPY | SWING - 28 Sep. 2020Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** In the event that the downtrend is not broken, it will head towards the downside again, so this is a low probability that it will fall, it may break the trend. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. *** The information given is not a Financial Advice. BTCUSD Apple GBPUSD EURUSD XAUUSD AUDUSD EURGBP NZDUSD USDCHF USDJPY
Short
by Saeed966
7
Ether/Usd : high risk of failed bottoming processThe bottoming process seems to have failed so far with Ether, with risk greatly increased to reach now lows in some time (below 80$) An eventual hope would be to see prices raising exactly from here, but this is becoming unlikely for now with the current evolution of the structure Not looking good, but there is still some hope, especially if its price starts raising here and licks the blue moving average An interesting buy for long term anyway if you believe in the future of smart contracts and the 1st on the market position of Ethereum Interesting to long this area
KRAKEN:ETHUSD
by Giovi6969
Litecoin: LTCUSD Use a stop here to protect longsLitecoin. LTCUSD Bitcoin's failure has washed over into all the Alts but Litecoin has not suffered as badly as others, so far...if that's to remain the case then support at 245 must continue to hold here during the course of today (stops for longs need to be only 3 points or so under here) for any failure to hold will tip Litecoin into the hands of the bears who will force price back to 208 at least, if not back to 173 before releasing their hold. Use a stop (in head) here or an alert. Better safe than sorry
BITSTAMP:LTCUSD
by sumastardon
4
Bitcoin: BTCUSD Tracking parallel - use as stopBitcoin Update Still grinding higher. Stops under 7430 have stil not been hit, with a low since at 7434. Now it's entered the area around the highs it's meeting that profit taking we were looking for from 7500 through to the highs at 7590, but absorbing all sales very well, so far... It's tracking within a new impulse wave from the break-out around 7pm est when markets in the far East opened - (that was Chinese buying that followed the break back above the upper parallel last night) Whilst it tracks the parallel it's still very strong...when it breaks below the lower parallel it will turn weaker and then if it breaks below 7450 and breaks stops below 7430 it will start to unravel for a while, back to the next listed support at 7346. So day traders can stay long whilst within parallels and then short on exit from lower parallel on retest and rejection. Swing traders sit tight still awaiting a break above 7600 (with stop 60 points lower)
BITSTAMP:BTCUSD
by sumastardon
EUR/USD: Use Short term weakness Monday to get short EUR/USDEUR/USD Update for week 30.10.17 A perfect test of the upper parallel shown on last week's chart created a fine entry point for Dollar longs on Thursday before the Euro flew 278 pips lower creating a big bull-engulfing red candle on the daily chart and busting below the neckline of the head and shoulders top formation (shown on last week's chart) on Friday. Two big bear moves in two days. This price action only confirms that a significant swing into Dollar strength is now gathering pace. The breaking of the neckline creates a minimum medium term downside target at 1.1242. However in the very near term (Monday into early Tusday) the Euro is a little oversold after that 278 pip two-day decline and needs to consolidate those losses for a few hours before the sell-off resumes. Suggest using any Dollar weakness on Monday/early Tuesday back towards the neckline area at 1.1648-1.1665 (with stops just 15 pips above the upper end of this range) to increase Dollar long positions, looking for a decline back to 1.1242 over the more medium term. Any retest of the upper parallel should also be viewed as another excellent selling opportunity (should the first stop at 1.1680 get broken} until the downside target is achieved.
Short
by sumastardon