GOLD SHORTThis is a simple analysis that I've put together for Gold, price is rejecting at key level where price rejected a few days ago and we are are also currently at trend line resistance. The MACD Indicator is also very close together and looks as if a crossover is going to take place but this we cannot predict. I'm expecting gold to drop down to around the 1290.00 level and either break through and continue dropping to around 1280.00 or perhaps find support and continue rallying upwards.If we see a breakthrough of the 1302.00 Level I will be looking for buy opportunities at the retest.
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DROP
Good chance take profitHP Stock has been dropped by 17% because of revenue miss estimates caused by weakness in both PC & printer supply sales and this is their biggest single-day drop since August 2011. Please check the RSI & MACD in 4h & 1D, those stocks are oversold now. This will reach 24 within this month, so what are you waiting for? BUY! BUY! BUY!
Fearful when others are greedy and greedy when others are fearful - Warren Buffett
LTC Bearish Alternate 1.618 AB=CDI want to see sharp and quick bounce the zone you see at the chart.
Your SHORT entry is after completion of reversal point D - volume and candles will help you to decipher this point.
Your stoploss is above the point D.
Target zone is on the chart. I recommend to conservative traders close first profit around 10%.
Good luck to all!
Potential 4hr chart falling wedge confluence w/ h&s drop targetThe current price action is starting to form a potential falling wedge on the 4hr chart...interestingly enough the apex of that potential falling wedge is at the exact same point as the drop target from the 4 hour chart head and shoulders pattern we recently broke down from. I find that confluence very interesting and something that gives more credence to this four hour wedge being legitimate. However with such a big support line as the weekly 200ma just below I'm not gonna be trying to do any limit sells or even shorts here because that support could easily bust us up out of this pattern logn before it reaches the wedge apex/h&s drop target. For this reason this idea will be left neutral.
ZRX/USD BEAR FLAG AND RSI SHOWING PRICE DROPZRX / USD looks to have a bear flag on the hour chart. As well, the price is at the top of the Bollinger band currently, and RSI is showing it is reaching the 60 range which has been a common bounce to the lower end of the RSI recently.
Looks like we might move to the bottom of the downward channel(Blue Lines).
I am very much a beginner and just want to make observations and learn from them! My simple analysis is for fun and learning, please do not make trading decisions based on my observations - like I said I am just a beginner.
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- Max K.
Bitcoin's Volume Profile: A study of Volume-At-Price AnalysisThere are two ways to analyze aggregate volume on a chart. VPA (Volume Price Analysis) and VAP (Volume At Price Analysis). Traditional VPA displays the gross volume traded at a particular time frame via a vertical historgram. The second approach, VAP, is often labeled as a Volume Profile. Depending on how the data is compiled, Volume-At-Price is calculated per tick or is merely a representation of the number of bars/candlesticks that are present at a particular price range. This tool has evolved over the years to include more advanced forms of the Volume Profile such as the Market Profile (Time-Price-Opportunity) - not available on Tradingview. Regardless of the type of VAP used, the principle theory is the same:
Empty spaces (low volume nodes) between high volume nodes behave in a volatile fashion. Think of price moving into these low volume nodes like a vacuum - price gets 'sucked' into and through that empty space swiftly.
And on Bitcoin's chart we can see that price is sitting in a zone that is very close to a swift drop zone through the low volume node below, until it finds support around the 2500-2800 value area.
NZDCAD | Opportunity for low risk short.NZDCAD has been trading in a descending channel on the daily chart for some time.
After failing to reach the descending trend line at the top level of the channel price has steadily declined and broke below 0.9100 support.
Price is now treating this zone as resistance and we've seen a slow down in momentum.
If price declined to the 0.89150 support we would go short upon a break & retest of this level.
Alternatively we may see price increase to the descending trend line before dropping. Either opportunity sets us up with a low risk short trade.
SPX Monthly Chart AnalysisAfter dropping from the current bull market Trump announced that we were only but experiencing a glitch in the market, suggesting the bull market will continue. However I disagree with that idea, although I do admit that the sentiment has become more bullish on the recent days I still stand bearish on the market. My reasoning being that the market had been overvalued for a long time and had to collapse eventually. This came true last year and with the knowledge of Elliot Wave theory one knows that a corrective move has 2 swings to the downside. Currently price is heading to the next resistance but I believe that price should soon push lower.
NASDAQ ANALYSIS 27-12-18Nasdaq showed a crazy 5% drop before Christmas and an insane recovery soon after. I have mixed feelings about this. A lot of mixed signals are coming from this market and it is really hard to determine what the next move will be. Eventually we are in a big correction wave on the long term trend that could easily turn into a new bear market wave after breaking some important trend supports. However, I don't think this will happen that easy. This drop caused nasdaq to drop under a very important support line which can also be seen as the 0.618 FIB support. That one turned into a resistance and the 4% bounce stopped there.
For now we are bouncing between 0.5 fib and 0.618 fib which is also a very big resistance. I expect this down movement of today to continue for a while. Maybe some more red days where we might test the 0.5 fib support and long term trend support again. But it is so hard to tell due to the heavy volatility.
Be careful trading.
NEO facing troubles NEO is under threat of falling below $17 in the latest market downturn, which would effectively wipe out all gains since August 2017. The asset peaked at $196.85 on January 10 as the first days of that month coincided with an apex for the entire crypto market. But there are reasons specific to NEO that may be causing the slide.
NEO was meant to resemble Ethereum in that it would be required to make projects run. But the network actually uses the GAS asset to move tokens, so there is no direct demand for NEO. Additionally, ICOs still prefer to collect Ethereum, Bitcoin, and, lately, cash in US dollars or even euros. NEO is simply not as popular for fund-raising.
The additional trouble is that there are not enough airdrops. Barring the high-profile airdrops of Ontology (ONT) and RedPulse (PHX), as well as a handful of other projects, NEO has not enjoyed much popularity on that front. A few airdrops created extreme hype and demand for NEO, but the mood changed later, and a simple airdrop does not inspire more buying.