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BTC Magic 3 DROP inc.? Riding the Fan-Waves! Hey tradomaniacas, it`s been a long time since I`ve published an idea for the cryptomarket because it seemed like Bitcoin`s biggest hobby is to destroy every TA-Idea we have in short-term. Now I`m getting concerned about the current situation that shows more and more weakness and could head to the long expected drop towards 3.000,-! Bitcoin likes to ride the FAN-Resistance-Levels, fails at the 200 Moving Avera and is not able to reate new highs. The magic 3 rule is one of my favourite strategies to trade Breakouts in the Forex / Stock-market. Does that work with Bitcoin aswell? We will see. Just wanted to share my worries / or good chances for a nice short momentum? Stay cool, don`t panic and have a plan for all scenarios. ;-) Cheers and good trades Irasor
BITFINEX:BTCUSDShort
by Trading2ez
BRENT OIL about to be set on fire! Don`t miss that chance!Hey my friends, im still waiting for the Breakout after I`ve traded that Double-Top-Pattern. Now we will have to face a huge chance you don`t wanna miss! We are out of season which could cause fakeouts due to less liquidity causing more volatility. BUUUUT look at this. Good chance coming? It`s all up to the political situation! We will see. Peace and good trades Irasor Wanna see more? Don`t forget to follow me for daily ideas and posts ;-)
FX:UKOILShort
by Trading2ez
BTC potential Inverse HS pattern,bottom 5.2~5.5k?!HI GUYS. today is such a gloomy day. btc is falling, and falling. i have opened my short position at 6500, sold it at 6080. I went long at 6050, sold it at 6150. for me, it is successful, but there are so many people in dooms! now, i want to share quick about a potential inverse pattern that might play out. this is all just a SCENARIO, IF we play out just like last time. But! this idea will be invalidated immediately if we go much higher today to 67 area in coming days, this scenario becomes garbage instantly. however right now the rsi levels, obv, mfi, every indicators, time period before etf hearing, indicates that this kind of charting play might play out IF the bulls want to make a run in sometime in September. guys, you have to understand first, that i think the neckline, for now, just for now, the major resistance is NO longer 6.7~6.8. It is 6.6, and 6.5. yesterday a head and shoulder pattern broke out from 6.5~6.6 area, and this zone is making a big resistance. i do not know where real bounce may come but, at 5.75, since it is a former bottom there will be a bounce, and the top may be 6.2~6.3 at max playing around at 6.0~6.1 mostly. then it will resume going down to 5.2~5.5k levels, and it will shoot up to 6.3~6.4 levels, and it might come down to make a DOUBLE BOTTOM formation, but just higher then the former low or similar. after that, we go sideways, and shoot when a clear bull div has appeared on daily frames. HOWEVER, now the indicators in daily is oversold, and it doesn't have so much room to go down, BUT! in 2014, RSI levels in daily even hit 20 levels, which we might see a massive downtrend. Personally I want this idea to be invalidated, this is really crucial. for now guys, do not jump in 6.0~6.1 level. investment plan for shorts and longs are below. 1. Open shorts 6180~6200(just if BTC breaks out of the rising wedge today we can try) -target 58.7/57.5 -->this is absolutely risky I do not recommend this. only for experts who see this coming, with very tight stop at 6250. 2. Open longs 58.4/57.6/55 -target 6k, 6.2k+@ --->this right now seems like its not going to happen, and this call may be VERY EARLY. HOWEVER, we will see a bounce here so not a risky trade like the short. good luck in trading!!!!
BITFINEX:BTCUSD
by Turningmecard
1
Getting ready for another drop. With a new resistance.I know it SEEMS like this is the area we will bounce around, but i think on balance of probabilities we will Find ourselves hitting a new low shortly. So far with every initial pump to begin a larger pump we have not had a divergence on the momentum as we do now. As well as that, every time we did have a dead cat bounce we DID have a divergence before a new low was made. With this is mind, I say get ready for a new low, and another bounce. It isn't even oversold on the daily yet, and yet here we are.
Short
by UnknownUnicorn2073191
5
Elliott Wave Analysis: NASDAQ May Drop HardHello traders! We want to share with you pretty clear and recognizable pattern on Nasdaq! According to correlations with other stocks, we assume that stocks may face a hard drop. We can clearly count five waves down from 7358 highs, which suggest a bearish reversal, but the most important is that we see only three waves (A)-(B)-(C) of corrective recovery back to ideal resistance at previous wave (4) around 7150 level. In EW theory, impulsive five waves down and corrective three waves up indicate a bearish trend. As you can see, Nasdaq already sharply dropped from 7150 resistance area and currently can be just consolidating before a continuation lower towards new lows, especially if breaks below EW channel support line and 6987 bearish confirmation level, which would confirm our view. Even if turns back above 7150 level, we will still tracking a correction, but just more complex, so we remain bearish as long as it's trading below 7358 invalidation level.
CME_MINI:NQ1!
by ew-forecast
11
Nasdaq in the next few weeks.Hi Index Fan, Like I explained on my draw, and after the analysis of the time trend, and also the strong divergence with the RSI, the correction is coming. Sell in May and Go Away, or Short in september and go to the beach ... Unfortunatly the pun is not here the divergence Yes! It is time also for the velocity to go up again after the flash crash of february. All indicators are bearish, so caught that, and lets make dollars (And Holidays) ! $$$ ! Let me know if you have any question. HM Ps: About the Target price I got it with Fibo and my indicator ( Write "Moriceau" and you will find some of my indicator in public) :)$
NASDAQ:IXICShort
by Hugo_Sw_Trader
bitcoin to test $7k before heading to lower $6kas much as id like to think this bitcoin dump is over i still think we have further to fall. we are basically at wave 4 and i expect a small climb now as we have found support in the $6700 region. after breaking the short term trend line we now have resistance around the $7100 (orange dotted line on diagram) and for the market to feel confident in buying the bulls really need to make an effort to take $7100 and remain above it. saying that i think with the market in the position it is a lot of buyers aren't seeing the green lights for it yet and im feeling we will fail this test. if failure happens then a drop to the next trend line (shown in pink on diagram) at $6500 (yellow dotted line on diagram) is the most likely scenario creating another double bottom for bitcoin, this could be the area buyers are waiting on. a drop into the green box wouldn't mean the worst however failing to hold $6200 (Z on diagram) could mean we drop below the $6k (blue dotted line on diagram) mark then its anyone's guess to where the knife lands; $5k, $3500, lower? - all are possible. playing with caution right now, ovs plenty of opportunity but also as much risk. tight stop loss at any of these regions if you move in. peace.
BITSTAMP:BTCUSD
by cooper_5e
1
BTC: Another Big Bart Simpson Drop?BTC has had a good run, but looks to be slowing its roll up here near a big 786 fib (the strongest correction fib), the downtrend line on the log, and the 200-day EMA right above it. BTC has reached for these three resistance levels on a somewhat overstretched run absent a true pullback so far to cool off RSI levels and form a much needed elliott wave down on higher timeframes to set up the next wave up. Both the 4h and 1D RSI are at very high levels where corrections have typically taken place historically. Beware the FOMO, entering up here carries high risk. My estimate is the super bears could be amassing short positions soon enough.
BITFINEX:BTCUSDShort
by serekamina
2
BTC 4h Forecast: Drop then Consolidate in FlagContinuing from the MicroAnalysis I just posted, BTC is most likely looking for a healthy pullback and consolidation soon. This is one option for flagging out a pattern before further decision-time up or down: an initial ABC correction down to the 382 fib and the prior price structure support near it before attempting higher. Expect multiple head n shoulders and inverse head n shoulders battles between the bulls and bears if this happens.
BITSTAMP:BTCUSD
by serekamina
1