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Quick Long, Then Big ShortSee the comments on the chart. I'm thinking ~$110.50 for potential upside until we make a lower low than what was seen in December. Low price target is purely a guess, but I'd expect to see it fall to the range of $50-$75 (not a very concise range, I know, but I'm really not sure how far it will fall - I just think lower). Afterwards, if the RSI plays along we should be positioned for a significant upwards move which will be dependent on the low that we reach.
BITMEX:ETHUSD.PShort
by Korastiz
Google Enters Bear Market Territory$GOOG has now dropped over 20% since its July high, bringing the stock into bear market territory for the first time in 7 years -- since August 2011 (both time periods marked on chart.) I remain bearish on Google for the remainder of 2018. Macroeconomic conditions and trade tension combined with an over valued market and much needed correction in the technology sector are making an end of year rally for U.S. equities seem increasingly unlikely.
NASDAQ:GOOGLShort
by UnknownUnicorn2997486
Step by stepAs we assumed earlier, our pair fell below the assumed level of resistance at the mark of 1.3130 and easily overcame the previously established level of 1.3075. However, the price returned to it, again moving downwards and updating the annual lows. A new level of support at around 1.2960 was set. Now the pair has moved away from this mark by going into correction. Currently the last candle is headed down, and the technical indicators are unfolding for sale. Therefore, we recommend taking short positions and setting your goals near the support level. We also assume that the pair can again update the annual lows, so we advise you to move your stop loss to profit by watching a downtrend.
Short
by SuperForex
Is this almost the end of the bear run.. I think many are in for a huge surprise. I believe BTC is about to make new lows, throwing the majority of TA ideas out the window. In the near future my TA has us hitting a range from the high 4ks to low 5ks. From there we should see a huge bounce and a move that makes it look as though the bear market is over, which temporarily it will be, as we should surpass the 9k range.. but don't get too excited and let your emotions get the best of you, as the bears will be waiting.. What are your thoughts, where do you think the bottom will be? This is not financial advice, just me sharing ideas.
KRAKEN:BTCUSD
by zerotozeros12
Bitcoin: BTCUSD Retest of lows underwayBitcoin Update Spent most of yesterday buying dips from around 14050 and higher, looking to increase on a break of the neckline of what has turned out to be an imaginary reverse head and shoulders - and again on the break above another imaginary flag formation which was then sitting at 15500 with a stop at least 100 points below the line. So we blew 150 or so points off the top but at least managed to trap in bigger profits accumulated during the rest of a turgid, slow day of trading. Not very good, but it could've been worse. The pattern Bitcoin has made overnight has done nothing to improve the picture. The last comments had warned that Bitcoin only turns bearish again on a break below 14465. Overnight it broke this level, fell through the next blue line of support to the next line at 13571, bounced back to test the 14465 level from the underside, turning it into resistance as it did so and is now falling away again...every move it's made overnight has been bearish. If you were around to short on the fall below 14465, lucky you Now it's coming back to test the right hand 'shoulder' at 13560-13450 - Bitcoin must hold here - as this is the last real chance of support holding up and preventing another retest of the lows. Therefore, should it fail to hold at any point today look to short on a break below 13450, looking for 12600 to begin with and then after a potential bounce from here, look to short again from 13088 looking for a retest of the lows. to retest the lows which must hold at all costs today. Failure to do so will tip Bitcoin further into terrible technical trouble and likely force price all the way back to 10486 to begin with and then to 8324. It's beaking down now as this is written up... Suggest closing out ALL longs on any Alt asap - we can buy back cheaper later.
BITSTAMP:BTCUSDShort
by sumastardon
11
Bullish Pressure On BTCUSD Not Slowing DownFinally BTCUSD is at a new all time high which was expected to happen after we recognized end of a corrective set-back in middle of July. So far we can see a nice trend up confirmed by higher swing highs and higher swing lows; ideally that's an impulsive trend in progress, currently sill in red wave 3 which can see extension up to 3600/3800 area while market is above 2800. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
BITSTAMP:BTCUSD
by ew-forecast
2
GBPUSD Long : Uptrend Continuation Long-Short-Long Short term Long into Resistance, Short Retracement to Lows, then Long to Next Resistance Highs. Trend basics tell us that Up Trends are formed with Higher Highs and Higher Lows and for Down Trends we have Lower Highs and Lower Lows . By marking the Highs and the Lows - Near, Next and Far - they serve as price points that need to be breached and then exceeded with closes to indicate a change or continuation in trend. Until they are breached, they serve as areas to enter trades measured by the risk tolerance that a traders account allows for and while opportunities are missed, risk is controlled or managed with position size especially for Forex. This approach keeps charts clean and simple and trading decisions contained within risk parameters allowing small losses when wrong.
Long
by andrew.han