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ETHUSD inside a bearish rising wedge on the weekly chartThis wedge doesn't have an apex until August but odds are good we will see a break from the wedge much sooner than that...here I have picked a rough estimate area of where I think the priceaction will break out of the wedge and have put both a bearish breakdown projection as well as a bullish one. Although probability should favor a bearish breakdown to occur. its always wise to factor in the opposite outcome which is what I've done here. Should it break down bearishly however odds are good that in doing so it will only form a higher low to follow up the recent higher high on the daily and if we could then follow that higher low up with one more consecutive higher high I would be confident that we were finally entering the bull market.
BITSTAMP:ETHUSDShort
by DrDovetail
A look at the weekly log chart; Props to Steve Courtney.Steve Courtney noticed an excellent fractal between 2014-15s bear market and our current one on the log chart. As you can see indicated by the yellow circles...we have just recently broken above this descending blue resistance trendline and if you look at the fractal from 2014-15 you can see that back then we broke above it right around the same exact time we are breaking above it in this bear market...we also found resistance at the 50 weekly ma and were rejected back down to that blue line where it ultimately held support and bounced the price action back up again finally getting it above the weekly 50ma and then commencing an amazing bull market. I've been saying to watch the 50 weekly to see if we can close a candle above it and it would be a very important moving average to watch for a few weeks now and it now looks much like 2014 we will be closing well below it. if so anticipate price action will do what it did in 2014 which is dip all the way back to the weekly 200ma support line and likely find support on the descending blue trendline where it should bounce, form a higher low on the daily chart and then finally break above the weekly 50ma and flip it to support sparking our next bull run. So we may very well dip as low as 3.6k on this next correction and it is very wise to pay attention to the weekly 200ma and the descending blue trendline for support. Exciting times as it appears the bull market is very near...I also anticipate we may temporarily go into a death cross fake out to shake some weak hands before the full true golden cross can shine. If you like this chart search for Steve Courtney at Crypto Crew University and give him a follow...many of his calls have been spot on most of the bear market. /
BNC:BLX
by DrDovetail
1
Weekly may close well under 50 weekly ma, higher low expected. As I said in previous posts the weekly 50 moving average would be crucial to watch and even though we wicked above it we may very well now close our weekly candle well under it at this rate after a stiff rejection as the weekly 50ma maintains resistance. I anticipate we will simply form a higher low from here or a capitulation drop...one of the 2. either way the good news is the Bull market is very near.It will hopefully find support by at least the weekly 200ma but that is still a significant drop downwards. I anticipate considering how logn the bull climb went that a big chunk of May could end up on the down trend but we will have to wait and see how things bounce...this drop could also happen all at once in which case the bounce back could allow may to still be bullish. If somehow we close this weekly candle above the 50 weekly ma my outlook will turn back bullish until I see what the follow up weekly candle does...but as of now it doesn't seem likely that this weekly candle will close above it. To play it safe I sold aroun 5472 right at the 50 week. I have a smart stop buy set up a few pips above there in case an unexpected reversal is to occur. Lastly I anticipate this incoming drop to be significant enough to cause the golden cross to dip abc down and create a temporary death cross in the process.
BITSTAMP:BTCUSDShort
by DrDovetail
Simple Long-Term Trading TechniqueUsing the CHOP_LRSI (Laguerre's Time RSI with choppiness index overlay) and my Fibonacci Moving Average indicator, I base my long term buy and sell zones by the indicators marked in bullish and bearish ellipses in green and red respectively. A couple of those trend indications are based on support and resistance lines, naturally. These indicators seem to work great on many of the higher cap crypto-assets; the weekly chart seeming excellent for the long-term trader.
BINANCE:LTCUSDLong
by lysergik
GOLD: Thermometer of World Economic SentimentHi Guys, the above structure is based on the assumption that gold, among other factors, is driven by negative economic outlooks and is considered a safe haven asset. For me the simpliest way to put it in order to undestsand price action in the last 10 years is the following: Financial Crisis have driven gold price up and the System have responded by implementing policies aimed to stabilize. IMHO, since the Financial Crisis, gold represets the thermometer for level of stabilization of the World Economic Sentiment. Gold was at 1000 before the Financial Crisis right? It has doubled it's value due to fear, topped, pulled back, tested 1046 and it's ranging since, probably waiting for the next Financial Crisis to happen. But until that moment, I am not expecting major decisives moves. Here a link to the Cup & Handle formation which has been unfolding since 2018. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
90% Chance of Bull Run in 2019 - 3rd Bullish Indicator!Hello everyone! This is my first ever TV post! There will certainly be more to come in the future! Firstly, I want to thank you all for stopping by. I've finally decided to come out of my shell, and I feel like I have something important to say. To help involve myself in the trading community I would like to point out a few things that no one has really considered. At the end of the post please feel free to comment, spark discussions and share some of your thoughts on the matter, or even play devils advocate for the fun of it. Just a quick disclaimer, my posts are simply forecasts of what I think may or may not happen, its my personal thoughts and opinion on the market. My skills and knowledge are not financial advice, which means I'm not responsible for your losses and I won't be held accountable for anything you do. So let's talk about this chart, I've combined every western exchange into 1 chart. This includes bitfinex, coinbase, bitstamp, poloniex, binance, and bittrex. That means the price, volume, liquidity, and so on of every exchange has been averaged into 1 chart. This will make the chart more accurate in terms of data and price direction. I like to keep things simple, I don't like drawing too many lines or use fancy indicators, especially for this post because its on the weekly, you can't draw much on the weekly charts anyway. Now of course, if you follow any TA updates on your newsfeed, you've probably heard this many times, "we're at a crucial point in the market. Are we bullish?" or something among those lines. For the first time in a long time, we're actually retesting the giant red down trend, that's been holding us down for so long since 2018. Now let's talk about the most common pattern everyone's talking about, the weekly ascending triangle. This triangle is already in full effect, we can already see the candle pump above resistance, which also pumped above the red downtrend, that's a double win so far. All we have to do now is wait for the week to end. I believe we are bullish. However, the catch is that we're bullsih ONLY IF the candle of this week closes above the red downtrend, and it must be a green candle too, this will be an important indicator to really show where the direction of this market is going. It's Tuesday, 2nd of April in my time, we have 5-6 days for the weekly to close. To reinforce this point further, we can look at the RSI. This is my favourite part because it was a eureka moment when I saw this. The market cycle is changing, there's no denying that, on the weekly at least. The red downtrend shows the bearish market structure of 2018, from 20k to 3.2k. It's only recently that we started to see a change. The green line shows a change in the market structure, the volume on the RSI has crossed above the red line and begun moving upward, ignoring the old pattern. We're starting to see lower highes and not higher lows. Jan 28 was the turning point of the market cycle changing. UPDATE: A massive pump just happened again today on the 2nd of April, it pumped $500 within a 5 hours. It seems like this was the ascending triangle playing out, and not to mention there's also a daily reverse heads and shoulders inside it, definitely 2 huge bullish signs. My theory still stands, let's not get our hopes up just yet. We still need to wait for the weekly candle to close, that's probably the best final confirmation to look for. Again, our overall direction seems bullish, there's no doubt about that, before this pump, the market cap was increasing by 1 billion per day, it was a build up that lead to this moment it seems. The weekly RSI is the reason for this post, the most recent bullish indicator that caught my attention. Now obviously the 2 main things that triggered this event were the other 2 bullish indicators, which happen to be the daily reverse heads and shoulders, and the weekly ascending triangle but that's a story for another time. Thank you all for taking the time to read this. I really hope this gave you some insight, or challenged your ideas. Again, please feel free to comment, spark discussions and share some of your thoughts on the matter, or even play devils advocate. Don't forget to connect with me on social media: Twitter: @cyber_stocks Discord: NerdMoney#9378
BITFINEX:BTCUSD
by CyberStocks
XRP looks mega bullish! Potential targets= .39 .79 & even 1.53?XRP has officially closed 2 weekly candles above the top trendline of the weekly green descending triangle pattern that it has been inside for most of the bear market. the projected breakout target for this triangle if triggered could take us as high as $1.53! Considering the falling wedge breakout target on the Total market cap of crypto's weekly chart is showing a breakout target that could triple tp quadruple the entire crypto marketcap, XRP rising from 30 cents to $1.50 is definitely not out of the question. There is also a smaller descending triangle pattern indicated with a purple top trendline...it shares the same bottom trendline as the the larger green descending triangle...a breakout from it suggests a target of around 70 cents....and finally the smallest potential breakout target is 39 cents which is the exact breakout target of a inverted head and shoulders pattern (not shown here) on the 1 day chart of which price action is currently well above the neckline of. As long as we maintain the 1 day charts 50ma as solidified support I think its likely we will hit all 3 price targets with periods of consolidation at each target along the way. Looking at the weekly stochrsi we can see it still has plenty of room to travel up further as well.
BITFINEX:XRPUSDLong
by DrDovetail
Looking to short Boeing $BA for a potential $40 (10%) move.After a parabolic move up, then a breather, and another 10 straight weeks of aggressive gains...I am looking to short Boeing on a pull back from the $420's down to the $380 range. Currently trading at $422. Special tips: - I cite "Irrational Exuberance" as the reason for this short, however... - Remember that "the market can remain irrational longer than you can remain solvent". - In other words, don't bet the family trust on it. A move over $440 can tear the face off of shorts one more time as it did in its last break higher.
NYSE:BAShort
by currencyprinter
EURUSD Weekly forecast, technical and fundamental may 14 -may 18At the Chart we see a intermediate waves on the Weekly chart, where the price clearly have a bullish uptrend, after a range from 2015 to 2017. the price had strong momentum from wave (0) to (3) where wave (5) have had a decrease in the momentum and ending it with a symmetric triangle, that is followed by a strong break and down movement. the price have produced a morning star candle and could be indicating a u turn of the price. Fibonacci is also matching with the price action and the wave analysis where a bullish hidden divergence have occurred in the price and the RSI. the intermediate waves with 5 swings have been completed and a correction is under construction, where wave (A) are completed and wave (B) and (C) is waiting. wave (C) is also a primary wave ((2)) where wave (5) is primary wave ((1)). Fundamental: In the coming week we have 5 FOMC members speaking, with Draghi speaking on wednesday. Tuesday 15 may: German prelim GDP q/q is released, the numbers are expected to go down with 0,2% from last time at 0,6% where consensus is 0,4%. Last year the numbers where at 0,6% with the same consensus, where 2016 numbers were slightly lower from consensus that was on 0,5% where the actual numbers released was at 0,3%. therefor Y/Y is definitely lower than last years numbers same month. Flash GDP q/q for the Euro-zone is expected to hold a steady level on 0,4%, with a change from last year from 0,5% in may. and a change of -0,2% from last quarter. German ZEW Economic sentiment, is expected to rise from -8,2 to -8,0. The sentiment is still in minus, and therefore there is a continuing pessimism in the economy. For the USD numbers for Core retails sales m/m is released, where the numbers are expected to be higher from last month. the consensus is 0,5% up with 0,3% from last month 0,2%. where the total sales in retail including automobiles is expected to fall from 0,6% to 0,4% m/m The empire state manufacturing index is also expected to fall from 15,8 to 15,1 and is a sign of less spending, hiring and investments. Wednesday 16 May: Final CPI y/y for Euro is released, the consensus is at the same level as last times actual, at 1,2% where last year's numbers for the same month where at 1.9% therefore a weakness in the inflation numbers. ECB President Draghi speaks the same day. Building permits for USD is also due the day, the numbers have a consensus of 1,35m, the numbers are expected as last release. Last years numbers from May show 1,23m. Crude oil inventories will also affect the currency pair where the pull out of the iran nuclear deal could make the countries buying iranian oil seek other importers. i therefore expect a shortage in the inventory Thursday 17 May: Philly fed manufacturing index have a consensus of 21,1 from last month where the numbers where 23,2. unemployment claims is also expected to rise from 211k to 219k. ________________
Long
by Fx-AlphaStrats
4
Weekly cup and handleTaking a look at restoration warehouse on the weekly charts. Looks to be a nice cup and handle forming. Last year price tested a breakout over $110, but could not sustain a close over and since has pulled back. As of late price has traded nicely in the smaller channel I have drawn with trend lines. Looks to be flagging and presenting the handle for the cup.4 weeks ago we saw a nice push up which has set up an inside bar play as well. Price has since traded inside that weeks range for the last 3 weeks. I am looking to get long between $80-$74 dollar price range. I will most likely layer my position in that range with a calculated stop of 1% total risk of my portfolio. If I do not get an opportunity to get the desired fills I will take a half position on the breakout of the trend lines while adding the last half on a breakout of $110. I want to be patient and either get the fill at value or play the breakout. what I do not want to do is rush and get a fill now to only have price go lower and possibly stop out before ever getting to a desired location. If price does come to this range it will be coming to test the lower TL of the larger channel running from mid 2016. If price is to bounce it should provide at least a decent short term return. Ideally I would be looking to hold this long term as we are playing the weekly chart and the completion of the cup and handle should bring solid long term gains. Once my position is full I will be taking profits at calculated targets and employing a wide trailing stop. If this idea comes to fruition I will update with position ave, targets, and strategy for my stop. Thank you all for viewing.
NYSE:RHLong
by Moto_Trades
1
Weekly Technical Chart- GBPUSDThe British pound initially fell during the week but found enough support at the 1.2850 level to turn around and form a hammer. I believe that this market is going to continue to go higher, and a break above the 1.3050 level is that signal. At that point, I believe the market can go looking towards retest again 1.2850 /1.2800 and then we can see rally towards 1.31/1.32, The British pound has shown a significant resurgence during the week, and I think it looks good overall. However, if we were to break down below the 1.2850 level, that would be a negative sign.
Short
by Forextuitions