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My (less is more) macro perspective on BitcoinI posted this chart before, however I think the font-sizes I used were not big enough for people to read properly. That's why I updated a few things and am sharing this with you. With the recent bearish retest of the $8750 price levels, the $7350 is the first obvious support on the way down. This coincides with the 0.618 fib retracement level drawn from the previous bottom around $3300 to the top of end June around $14000. Though I don't think this level will hold, the price will definitely bounce from it to test $8000 again. $7350 could provide a good long opportunity (invalidated below $7000). The ultimate long however will be around $6500. This level was key support after the crazy bull-run in 2017. The break down of this level lead us to $3300k. Now that we're clearly back above it, it should act as a strong support. Otherwise things won't look good for Bitcoin . Note that it's not precisely $6500, consider the green box for a long, layer orders appropriately. The yellow line drawn is a possible (and ideal scenario). It doesn't mean PA will exactly follow this. The yellow line is there to make support and resistances clear. * THIS IS NO FINANCIAL ADVICE ** LESS IS MORE, DON'T OVER-COMPLICATE THINGS
BITMEX:BTCUSD.P
by Extra_sambal
1
AAPLAccording to the recent drop in Apple's ( NASDAQ:AAPL ) stock price, I think it's time to publish my analysis by considering the Elliott wave pattern, which you can see in the above chart. Before you study the idea, it's important to know if in cases price crosses each of $200 resistance line, upward, or $137 support line, downward, and then fix, it may continue its trend. As the bold curved arrow shows up, soon after completing the rising trend, upon the price touch the $200 resistance line, it'll react and fall to $137 support line, which, according to my calculations, I've predicted the $137 bottom on February 20, 2020. Then, I think the price will start to improve in the response of touching $137 support line, so I decided to draw the most probable case which may happen after this touch, using another curved arrow. Thanks for your attention. Comment your comments, like If you agree with me, share if your friends have invested in NASDAQ:AAPL . Regards, Ali Seyyedi
NASDAQ:AAPLLong
by AliSeyyedi
Bitcoin Daily Update (day 242)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My recent Bitcoin Bubble Comparison - 3 Day Chart led to the following calls: < $5,750 by 11/15/2018 & my prediction for the bottom is $2,718 by 1/20/19 | My Bitcoin Bubble Comparison - Monthly Chart closely mirrored my price and time targets | Calling for $35 ETH before the end of 2018. Previous analysis / position: “Bounce to $6,385 | selloff to $6,000 | bounce to $6,150 and then breakdown $6,000” & warned against selling bear flag breakdown due to underlying support / Short USDT:USD from 0.968 | Short ETHUSD' from $197.81 Patterns: Coil Horizontal support and resistance: S: $6,300 | R: $6,312 BTCUSDSHORTS: Closed below triangle Funding Rates: Longs pay shorts 0.01% Short term trend (4 day MA): Above MA, but it has not starting turning up - neutral Medium term trend (4 week MA): bear Long term trend ( 32 Week): bear Overall trend: bear Volume: Lowest monthly volume since Oct 2017 FIB’s: Selloff found support at 0.786 ($6,210) | Breaking down 0.618 ($6,327) is very significant | 1.618 extention is at $5,630 Candlestick analysis: Daily was a bit of a darth maul | Interested to see how we react from the 4h doji Ichimoku Cloud: 1h cloud called the area of resistance on this last pump. Watch for price to close below the kumo at ~$6,300 TD’ Sequential: With monthly close the setup in continued with a r3 | Daily r5 | Weekly r4 Visible Range: Looking back to Feb 2018 (when this range started) and the POC is at $6,339 with the bottom of the highest volume node at $6,162. Price action: 24h: +0.63% | 2w: -1.37% | 1m: -4.42% Bollinger Bands: Daily MA at $6,364 has just starting angling up which is very interesting. Haven’t seen this angle up for weeks and that indicates that it is less likely to act as resistance Trendline: Bear trend is at $6,500 | Bull trend line (phase 2 hyperwave) is at $6,195 Daily Trend: bull Fractals: Busted two down fractals on last move, next one waits at $6,055 RSI: 4h resisted 50 | 1h no longer oversold and is pulling back from overbought territory Stochastic: Daily buy signal | 4h entering overbought territory | 1h sell Summary: Everything is still going according to plan. I was closely watching the monthly close today for a couple reasons. First of all I was really wanting the TD’ setup to continue with a red 3 as outlined in my most reason Bitcoin Bubble Comparison . The second reason was a close below $6,390 (Bitstamp) gave us the lowest monthly close since September 2017. Now I am watching for resistance to hold strong below $6,385 over the next 24 - 48 hours. If that happens then I will be feeling confident in a $6,000 retest,. I still expect that area to provide one last dead cat bounce before the price breaks down the yearly support. If you are not in a position then opening a short at $6,300 - $6,315 provides favorable risk:reward. A stop loss slightly above $6,400 makes a long of sense based on horizontal support and resistance along with the visible range volume profile.
BITMEX:BTCUSD.PShort
by Sawcruhteez
Bitcoin Daily Update (day 232)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My most recent Bitcoin Bubble Comparison - 3 Day Chart led to the following predictions: < $5,750 by 11/15/2018 & my call for the bottom is $2,718 by 1/20/19 | | Calling for $35 ETH before the end of 2018. Previous analysis / position: Needed some time off after getting stopped out on ETH’ short. Talked about importance of controlling emotions / Short USDT:USD for 0.0968 Patterns: Descending triangle / button top Horizontal support and resistance: S: $6,361 | $6,454 BTCUSDSHORTS: 3 straight red candles after creating lower high. Funding Rates: Longs pay shorts 0.01% Short term trend (4 day MA): Today’s candle closed above but was a shooting start off the button top and the current candle is back below Medium term trend (4 week MA): This weeks candle failed to close above 4 MA and closed a shooting star Long term trend ( 32 Week): Hasn’t been tested since May Overall trend: Bearish Volume: Record high volume came on Feb 5th’s candle (weekly). If weekly close below that low ($5,995) then that huge volume will start closing their position which should cause the next leg down to $4,200 where the next high volume node waits on the VRVP. FIB’s: 0.618 = $6,530 | 0.5 = $6,441 | 0.382 = $6,351 Candlestick analysis: 12h - 1w shooting stars are painting the same picture Ichimoku Cloud: 4h cloud is as thin as it gets. 1h cloud has thinned out and current candle dipped below it, although it wicked right back inside. TD’ Sequential: Weekly red 3 | If daily close > $6,400 then it will price flip | 12h close < $6,426 it will price flip | 4H: Red 2 < red 1 however TDST level at $6,380 Visible Range: Looking back to September 6th (when this range started) point of control at $6,400 and two high volume nodes from $6,386 - $6,464 Price action: 24h: -0.82% | 2w: -2.88% | 1m: -4.87% Bollinger Bands: Continues to resist daily MA Trendline: Top of descending triangle = $6,636 Daily Trend: Chop Fractals: Up: $6,792 | Down: $6,057 RSI: 1h entering oversold territory Stochastic: 4h just had a sell signal and 1h is posturing for a buy Summary: I finally abandoned my call from September 5th which was for $2,860 by 10/31 . I wanted to make sure that I didn’t underestimate how fast this thing can/will move after it breaks from the triangle and therefore I wanted to hold onto that call for as long as possible. Now we are at the point where I have to go with my most recent bubble comparison which called for $2,718 by 1/20/19. Calls that do not include a time frame have little value imo. You can be right about direction, but if you are wrong about time then are wrong. Calling for the price to go down in a bear market or up in a bull market is not that difficult. However combining time and price is extremely difficult. That is one of the reasons that ~90% of options expire worthless. I don’t think that I will end up be wrong on my price prediction for the bottom, but I was wrong on the timeframe and therefore I was wrong. Furthermore I lost money because I was making trades based on my calls. This has been a tremendous learning experience for me and I hope it has been for you as well! The chart posted today is an approximation of how I expect the price action to proceed from here. Sideways and painful while support continues to grind away and resistance starts moving down once again. I am going to continue to wait on the sidelines and will contemplate a huge no trade zone from ~$6,000 - $8,000.
BITSTAMP:BTCUSDShort
by Sawcruhteez
5
FACEBOOK - TRENDLINES | ZONESHere, I analyze NASDAQ:FB according to trendlines. Lower green trendline is important, tracing back to earlier months, hence thickest . Upper green trendline is of lesser time, hence less thicker . The red lines show the most recent levels to keep a tab on. The black lines are another set of trendlines to look. Watch how how the stock behaves when it touches these lines and then trade accordingly. Personally, I would enter a short trade if it touches 'the red line' ( double top ) ; and more convicingly if the 'strong green' trendline, with a significant break of it as stoploss. Your comments and opinions are welcomed.
F
by dravya
All Aboard the AUD/USD Train!Just waiting for price to complete a Fibonacci retracement [back inside the 33%-38% Purple Zone ] before adding additional Buy positions. There is horizontal Support around 0.7360 so from there we look to hop back aboard the fast moving train and follow the "current" path of least resistance :) The next major train station is near the 0.77740 price area (the Red Resistance Line) so look to Take Profit or move/adjust your Protective Stops there. If price does pullback to the 0.73600 area this should be about a 380+ pip run to that Red target. This pair has been trending up very aggressively because of the increasingly strong Aussie Dollar. Over the long-term I am bullish on AUDUSD, AUD/CAD, AUD/NZD and slightly bullish on AUD/CHF. On the other hand, I still maintain a bearish outlook on FX:EURAUD , GBP/AUD and AUD/JPY due to the way the pairs are correlated and the bigger chart price structures. I like AUD pairs a lot because they have such smooth price movement and they trend well beyond expectations. When AUD trends, it really is like a fast moving train with no brakes. Good luck traders, and may all your trades be profitable!
Long
by FractalEyeZ