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Pullback time for ALGORSI seems to have hit an exhaustion on the 4h time frame, whilst on the daily timeframe it is currently hitting the 200 EMA, although the trend seems to be downwards since the RSI is giving a lower low and breaking support, a quick upper wave may be approaching,, a relative intensity to the 50 or 200 EMA line, before continuing its descent. This is not financial advice, just an opinion over a possbility over a reading of the actual trend. Short term: Bullish Long term: Bearish
BINANCE:ALGOUSD
by El_Morenito
Reversal potential is not taken seriously It is not yet confirmed. As long as it struggles below 57.5K , nothing is for sure, especially if you plan on going with margin/leverage trading, you're on your own. There is still a pretty good possibility for the price to sink again, this time even to 41k to be the minimum, mainly because of two reasons - 1. It was the ATH of 6th Feb. 2. If it sinks that low, it's the 30% correction that ocurred last year and did not happen this year - therefore, correction might not be over yet. And the third reason might be the fact that two days later, on 8th Feb, Elon bought 1.5B of btc. This is also why i believe it will not sink lower than that. Tread lightly, this being just a personal opinion, not financial advice. Do your own due dilligence! Cheers.
BITSTAMP:BTCUSD
by MBGD
2
AHCO. Add to watchlist. Wait for daily bull candle.Add this to your watchlist and wait for bullish momentum. You can choose whatever entry excuse you like, but for the way this one is prescribed is to wait for bullish daily reversal candles (hammer, engulfing, piercing, doji.) With any red candles telling us to wait still. We are breaking the rules a little bit. You are supposed to throw away any stocks that are below the 50, and this one has just acted like the 50 didn't even exist. But, it is bouncing at the 200, which maybe should be even stronger support than the 50? Idk, this setup isn't perfect. Maybe I shouldn't post it, but I'm going to.
NASDAQ:AHCOLong
by emehoke
EURUSD EURUSD DAILY After over 20 days of continuous bearish swings, Eurusd made a big bullish move. However, for me, that one single candle is not enough to confirm reversal at the moment. But its the first sign of a bullish phase of this chart. And to confirm it, if the market makes a double bottom or confirms the higher low, then a higher high, then it should be consider as a confirmed reversal. If you’ve early buys on your account, you might want to move your stop loss to the break-even for safety. Just in case JUST PLAY THE PATIENTS GAME. The ghost feed is what is potentially up next for visual pleasure. I’ve chatted this for the entire month being that we are in the daily and it would be beat anyway to have a longer vision when seeing these moves UP.
Long
by MENINACTIONLLC
2
Patient trade here. Wait for the accum zone...TREE Dont jump the gun on this one, but rather over the next 6 weeks begin accumulating some Lending Tree shares or options in anticipation of a continuation pattern upwards. See below for more close up look. The cup and handle pattern is one of the most misused patterns I see on here, as everyone just wants to call any round bottom a "cup and handle". They are not. A true cup and handle is a continuation patters coming off an uptrend. The "cup" forms, and then the handle needs to retrace approximately 2/3 of the cup depth, or usually right around the .618 fib zone. That is the buy area. In this case, puts your accumulation zone around 285-270 for the ride back up. In addition, this stock has respected the weekly 125 MA at each pullback in its uptrend thus far, and I expect no major deviance here. However, if the stock falls below 250 the pattern is negated and the loss needs to be cut at 7%ish. Happy hunting, and GLTA!!
NASDAQ:TREELong
by UnknownUnicorn1314136
Bottoming process BTCFor the first half of 2018 BTC has been in a major bear market, but this was expected and warranted given the massive rally 2017 had for BTC. The thing about manias, crashes, and the market in general is that nothing is new. No matter how "different this time" it seems, it really isn't. This is because human psychology is the same, we continue to be extra bullish at the top and extra bearish at the bottoms. That leaves tell tale signs, footprints, of how the markets will trade in the future. I've been trading since the late 1990's, I earned my bones in the dot com bubble of 1998-2001 (give or take). Believe me, then, like now, we thought it was different. Technology was new, the old school Wall Street people didn't understand it, they wagged their fingers at us saying that none of those companies had any profits, they were all venture backed IPO hype. And they were right, for the most part. Technology stocks, much like cryptocurrencies, were the future. They would change the world, and are on a one way trip to the moon. Then things got frothy, people started taking profits and the world changed. For me I was very lucky to have been taken under the wings of an experienced trader who taught me how to trade. Long and Short. The inevitable dot com crash was quite lucrative for me, as was the dot com bubble itself. The trick is to trade the market that is in front of you, not the one that is behind you, that is to say, just because BTC was 20k 6 months ago doesn't mean it has to be 20k any time soon. In fact the Nasdaq Composite hit 5,000 in March 2000 and didn't see the 5000 level again for 15 years. There are a lot of similar characteristics from the Dot Com bubble, the Nikkei in 1989 and the 1929 DJI crash. As I mentioned these market manias and subsequent crashes left clues. Things to look for when evaluating a market that has crashed since its recent mania. The following are some key factors that represent the bottoming process and the same factors I'm keeping track of on BTC. The first thing I'm looking for is a double top at the parabolic breakout highs. This can either be a higher high after a very fast and agressive pullback or a lower high. Massively agressive bounces with very high volume, V-spike lows. Failures off these high volume lows that start to move more sideways and downward much slower than recent past. Volume eventually starts to dry up, rallies get shorter and sideways action gets longer. Eventually the perma-bulls start to disappear, they go back to their regular jobs, people lose a lot of money. When all of these above factors (and they are mostly qualitative) have happened then I look for two very key technical indicators. A new low spike, the previous low with the high volume which has held for a while actually gets taken out. While the MACD and RSI both put in higher lows. This is called a bullish divergence and coupled with new lows on low volume and a very pessimistic sentiment then by golly we have the makings of a bottom. This is not the buy the dip signal as there is still a lot of pessimism to unwind. However, once we have the new low and a bullish divergence on MACD and RSI (using the 3 day chart with BTC) I unwind my short positions and I start looking to accumulate long positions. This happened the end of June as we broke below the 6k levels. We still have the potential to hit 4970 and 3100 levels, there is no doubt that these are very good possibilities before we see a move to a bullish regime, however the risk of staying short here is too high. For me I've covered my shorts unless tactical trades, and am looking to either sit in cash or wait for good buy opportunities. I place limit orders down near the 4970 level and 3100 level. That covers my down side entries, and even if they eventually don't hold and we continue lower, at least I know there will be some good bounces around there that I can trade around.
BITFINEX:BTCUSD
by ChrisD_Macro
1
Bitcoin likes Repitition!Hello folks! Just a student of the game myself. The only credit to my name is a CBP certification and the constant pursuit of education from experience in the market(2 years). Getting right into it- EW hasn't made much sense as of lately. It has been a very rocky ride with EW analysis constantly throwing a curve ball into wave count. Looking at a chart by throwing out the deepest technical parts of our ideas gives us a fresh new perspective. Here is a 1 hr chart showing a pattern forming that we JUST went through. I redrew a trend line in a similar fashion and it looks on point to touch into 6400 territory this time which I believe will finally not hold. At that point we may not see the support as strong since we did bounce earlier for this small upward correction. Judging strictly on pattern recognition and the continued OVERALL downward trend...the charts STILL line up for a perfect double bottom coming up soon. Also, sometimes when the general consensus is one way...it becomes a self fulfilling prophecy among the market. Nobody can say whether we will reach 6k exactly but I do believe we will be in the ball park. I will be setting limit orders to DCA in once we have a better general idea in the 5800-6100 range. We could very well blast through that short term(constant stream of good news so far should not let it fall too far or too long beyond this level barring any negatives occurring in the market) to provide "despair" among the community but if the plan is longer than a month or 2 for the investment...does it really matter? What are some of your game plans? If you DCA...when do you plan to start or is it ongoing process with every dip? Anyone out there HODLING without concern? Lemme know what you guys think!
BITFINEX:BTCUSD
by dhillon7800
1