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Trendchange

Bitcoin screams bullishness - 1 more stop to goHey there, So there is stilll one more target to go. As I already said in my latest post, the 200Day EMA is one of the last major stops and resistances which bitcoin has to break to finally confirm a trendchange on broader timeframes. Sitting now at 8900 USD, the 200Day EMA acted as resistance multiple times in the past and seems to be of high significance when it comes to trendchanges. Another retest and breakdown off the 200 EMA would be a warning sign. Luckily not only does to imminent closeness of the price to the 200 EMA signal bullishness, also many other indicators tell us to be long. The weekly TI /TD indicator @tonevays still tells us to be long and keep sitting in postions from the green 2 above a green 1. We now further have a green 4 barely reaching above a green 3, which continues the bullish count and its anticipated outlook on price. The further we consolidate below the 200EMA and the recent high of 9200, the more we tend to break that level.c -->Line of least resistance; Look it up on my YoutTube channel if you want to know more. If all these levels get taken out by breaking to the upside, we will look at 10000 USD and the last swing high on the daily and weekly chart. There is still much more to say, so if you are curious, check out my YouTube channel: Enlightened Trading See back next time, Cheers Konrad
BITSTAMP:BTCUSDLong
by EnlightenedTrading
2
USDCAD - Expecting Bullish FlagHi Traders! The market is in a very clear pattern. After a healthy downtrend the market is now trying to change the trend. The retracement moves are getting as strong as the trending moves. At the moment the market is in a flag pattern which is at the resistance at 1.30800. We're expecting a breakout with the same length as the first "shoot". If the market breaks out downwards, then this trade setup is invalidated. We recommend to buy the bullish flag pattern with a risk-to-reward ratio of 1 to 2 and a conversative TP. Thanks and good luck :)!
Long
by swissmoneymakers
USDCHF - What's next after the Bearish Wedge?Hi Traders! As you can see, the market is now in a downtrend. But the downtrend is very old and the power of it gets weaker. The last strong move the market did was the bearish wedge pattern. It moved down, then it made a consolidation wedge, after that it moved exactly that lower again. If you look at the H4-Timeframe, the support at around 0.96300 is not broken with strong momentum as it should for continuing the trend. Instead, it stopped moving and is even moving in the other direction, towards the Resistance. Possibly it is going to make a double top, but on the 1H-Timeframe we set our TP there. We recommend to buy the trendchange with a TP at the next resistance. Thanks and good luck :)!
Long
by swissmoneymakers
BTCUSD: Possible Long Term Trend ChangeThe chart below describes the scenario where BTC broke down outside of the bullish Gann Fan starting right before the bullish impulse in February. Take note of the Cyan Gann Fan's lower bound. That Cyan Gann Fan starts at the initial bullish impulse in February and that fan lower bound holding support confirms that this move is a long term bullish trend change rather than a bearish relief rally. If the price can break above the Gann fan's 4/1 bound at $8600; since we have no resistance after $8600 till $9400, we could very easily see incredible price action following a break of $8600. The cryptocurrency community's social media and search activity appear to be similar to the 10/2016 - 2/2017 cryptocurrency community's online activity. The single bearish indicator would be contrarian of the market sentiment. At the moment, the sentiment of the cryptocurrency community, including most successful Bitcoin Analysts, is extremely bullish.
BITSTAMP:BTCUSDLong
by Oatrick
EUR/USD: DAytrade-OpportunityHey tradomaniacs, welcome to another free signal! Important: Wait for the retest of the Neckline. We want to see rejection before we buy! Type: Swingtrade EUR/USD: Daytrade-Preparation Market Buy: 1,11770 Stop-Loss: 1,11495 Target 1: 1,12050 Target 2: 1,12300 Target 3: 1,12390 Stop-Loss: 27.5 pips Risk: 1-2% Risk-Reward: 2,25 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
IIPR Potential Weekly Inverse Head and ShouldersTicker: $IIPR Can IIPR gain any traction and break weekly resistance of $87.20 these upcoming weeks to confirm the inverse head and shoulders? Remember, Inverse head and shoulders is a pattern that signifies a trend change from bear to bulls. If bulls can break this weekly inside bar bullish, than the possibility is there. I need to see an increase in bull volume this week with a bull break of $75.40 to be interested in this name. If we get that, I will be very interested in a position. Let see if this bull market can provide any fuel for the bulls to run.
NYSE:IIPR
by DerekTradeEZ
Cambio di rotta per lo SPY?Sembra che lo SPY abbia formato un doppio massimo, non perfetto ma avvalorato da una divergenza dell'RSI. La candela di oggi di indecisione ha già sentito l'area centrale dei volumi. Vedremo quindi se domani i seller avranno la meglio, facendo puntare il prezzo ai 312. La teoria ribassista può trovare conferma nella formazione del periodo Corrective delle onde di Elliot, che ha individuato nel livello 315 il suo punto 5. Personalmente aspetto la conferma di rottura dell'area del POC dei volumi, per confermare la mia visione ribassista. Dopodiché da prestare attenzione all'area di accumulazione tra 307 e 309 per un possibile rintracciamento
AMEX:SPYShort
by Vasosky
4
GBPUSD- SELL OR DO NOTHING BELOW 1.3035Manipulation phase is now over after a lenghty distribution phase. Price has broken the high 1.30129 which has plenty of orders just above it. Additionally, we have previously seen Two completed Structural failures to the downside before the price was manipulated back above the highs in order to trigger the weak sellers stop loss. This trade is now a High Probability SELL! @ 1.3035. Add to your short position below 1.3035 after every rally below 1.3035. Trade with care! Charts247Trading.
Short
by Charts247TradingAcademy
Cardano trying to brake the BEARMARKET and start new BULLTREND!The longer i look at chart ADA to BTC the more i have to think about potential breakout out of correction and probably finally chance to start a new trend. We saw big dump / recession which lasted almost 2 years , now we can see a slow consolidation / accumulation at the bottom of the charts for few months and contiuously gaining buy volume out of BULLS . Pump - Dump - Consolidation should be the end of the big market cycle. Are we ready for another bulltrend ? At the 3D chart we see great falling wedge pattern which is known as BULLISH for 70% of cases and mostly works like reversal pattern in bearmarket . After 1 and half year Cardano broke up the big downtrend resistance trendline a continuously gaining buy volume for 20 Days in a row . That volume is not so enormous but may be a good indicator of the reversal idea . At 1D chart we see the interest of ADA to breakout the symetric triangle at the bottom of the trend and strong accumulation zone PoC , and also the breakout happened through the resistance trendline of the great Falling Wedge in one time , so the timing was perfect. Just the volume was not so extreme. Here is the 1D chart : Also i connect 4H chart to see ADA come to confirm the trendlines as a support and continue with the actual uptrend. 4H chart :
Long
by Tradify_Seb
TRXBTC Trend Change| Higher Lows|Key Resistance ! Hello Traders! Today’s chart update will be on TRX, 240 timeframe, testing an important resistant level that needs to break to keep the bullish bias. A break from this level will increase the probability of TRX testing structural resistance, which has multiple technical confluences. Points to consider, - Confirmed Trend Change - Support provided by EMA’s - Key resistance being tested - Stochastics projected upwards - RSI trading in upper region - Healthy Volume - VPVR cluster showing low volume of transactions - Structural resistance as next target TRX has broken its lower low projection and has successfully put in consecutive higher lows as it comes into a key resistance. TRX needs to break this resistance with convincing volume to keep the uptrend intact. Support is currently being provided by the EMA’s which has turned bullish from local lows. The stochastics is currently trading in the upper region, can stay up here for an extended period of time, however we do have lots of stored momentum to the downside. The RSI on the other hand is respecting its support (red line), bouncing of it multiple times. Volume is currently healthy, its needs to sustain with bull volume to break resistance, which will also avoid the chances of a false break. The VPVR is showing low volume of transactions from resistance to structural resistance. This signals that this cluster will pose little resistance in terms of volume of transactions, if and when TRX tests. Structural resistance is the technical target for TRX as this level is in confluence with multiple technical indicators such as the .50 Fibonacci level and the 1.618 Fibonacci Extension. Overall, In My Opinion, TRX has established an uptrend with consecutive lower highs, the market structure has changed. TRX needs to break current resistance levels in order to keep the bullish bias. Volume is looking very healthy for this break, so we do have a greater probability of breaking resistance and meeting technical target. What are your thoughts on TRX trend change? Please leave a like and comment, And remember, “If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
Long
by The_Alchemist_Trader_
3
EURUSD- TREND CHANGE LIKELY OR NOT ? The price of EURUSD has been considerably bearish with more lower highs and lower lows formed and slight consolidatory phases. However, following l ast month bullish reversal candle formation close ( Morning Star) . It is time to switch the frames in which we look at this pair from. It is time to consider bullish opportunities on this pair that only if It holds above this level (highlighted in blue). I have drawn a downward channel formation and will be taking any breakouts to the upside serious. I hope this my analysis helps. FX:EURUSD
by EmmanuelDuru
2
AUD/USD: Day-Swingtrade-Opportunity#BUYHey tradomaniacs, welcome to another free signal! Instructions: A breakout is very likely but we still have to wait for it! After the break above the Trendline and the resistance you can BUY. To be safe you can just wait for the reaction/Kissback/Retest of the horizontal Resistance and buy if market rejects. ----------------------------- Type: Day-Swingtrade-Opportunity Buy after Breakout: 0,68012 Stop-Loss: 0,67749 Target 1: 0,68270 Target 2: 0,68422 Target 3: 0,68563 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
BTC Update! Bulls show back up!Yesterdays chart I discussed multiple things of interest to me. Mainly we were watching the slow grind of bulls setting lower highs and lower lows on 4 hour to slowly drag price lower. As I was typing up yesterdays chart was when the bulls were showing some life and trying to shift that 4 hour trend back into the bulls favor. I discussed the low of $9651 we set which was a 30% pullback and loving if that would hold for the low and was seeking bulls to change the 4 hour chart to higher lows and higher highs to have me personally back interested in trades. Also was watching for 12 EMA on daily to see if it could now act as resistance. We saw the close of yesterdays daily candle get rejected at the 12 EMA but only for a brief period. Within 2 hours of this we saw a short 3% pullback and then the bulls were off again. Overall we now have seen a 30% pullback from $13868 high down to $9651 and then a 20% bounce back up to $11576. I have personally re-entered a partial position off two separate areas. Pullback on the rejection from 12 EMA on daily which unfortunately only filled one of my buys due to the small pullback. And my second entry this morning when we pullback to just under $11k. I have more cash aside to buy for a further pullback here if needed. Ideal scenario from here since the bulls have set a higher high on 4 hour chart is a higher low to come in compared to $9651 and then higher high again for 4 hour. This would shift our trend back to fully favoring the bulls and can start the climb back towards $14k. US Holiday tomorrow so stock markets will be closed and shortened day today. Will see what that means for crypto market but I do expect us to trade within this range of $9651 and $13868 for multiple days now. I do believe the bounce off $9651 was significant enough to say that is our bottom of this pullback but need a higher low and then higher high from 4 hour chart to confirm. Our bounce up to $11576 this morning would be perfectly fine to have that be our short term high of bounce and a healthy pullback just eyeballing the chart is anywhere from $10,500-11k in my opinion. Thus far we have dipped just under $11k but would be fine with a slightly lower pullback to fill last of my orders for this trade. Would also allow bulls to establish a nice healthy support level just below and above $10k. Sorry for long write up, fairly lengthy day trying to set up trade positions last night and early this morning. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
1
EUR/GBP: Daytrade-Opportunity!#SellH1Hey tradomaniacs, welcome to another free signal! Important: wait for the break below trendline and place a sell-limit! ----------------------------- Type: Day-Swingtrade Sell-Limit: 0,89486 Stop-Loss: 0,89648 Target 1: 0,89254 Target 2: 0,89146 Target 3: 0,88971 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez