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Silver Some interesting historical data on the price of Silver back from 2002- 2003 similar to what we 've seen happening for the last couple of weeks. Blue line 50 MA Yellow line 100 MA Red line 200 MA time frame weekly Green circle 50 MA 100 MA golden cross on the weekly , Yellow circle 50 MA 200 MA golden cross on the weekly , Similarities with today's price action are that : 1 Back then the price got rejected multiple times from the same resistance line before breaking to the upside , as we've seen happening to the price last week . 2 After the 50 MA 200 MA golden cross occurred price gave two weekly bearish candle sticks before going to the upside . we are currently going through a golden cross between 50 MA and 200 MA on the weekly time frame, We did create a pretty attractive bullish hammer candle on the 4 hour , but I would stay away for now and wait for further confirmation as this correction might have more to give especially after a weekly engulfing candle. Once the golden cross has confirmed that would be a good time to place a long.
TVC:SILVER
by django2
STEEM. A major player is gaining a large position of coins.STEEM / BTC accumulation channel exists for 4.5 months. A huge position is being recruited by a major market player. On the chart we see 3 zones of huge volume. We see long shadows. This means that someone bought in the market the lower sell orders that have accumulated. Then the price was lowered back down so as not to make a false start to growth. Target. There are two options for trading this coin at the moment: 1) The first option . Trade in the accumulation channel in increments of 30-40%. 2) The second option. Entrance during a breakthrough or rollback after a breakthrough of the accumulation channel. The first target + 50% -100% This is only the beginning of the movement if the trend changes from sideways to upward. The potential is more than + 3000%. The coin has fallen in price from the last peak more than 40 times! And these were not peak prices at all for the history of trading. Stop loss Under key support levels during your entry into the market.
by SpartaBTC
3
GBPAUD SHORT POSITIONIf we do see the GBPAUD start to rotate lower from the 1.91500 resistance area, we could have a head and shoulders reversal on our hands. Notice the left shoulder that developed last October. The head of the pending formation was that multi-year high in December. But to call this a head and shoulders pattern, sellers need to secure a daily close below what would be the neckline near 1.8700 or thereabouts. Given the 9000 pip height of the pattern, a close below that 1.87000 area could open the door to the 1.78000 region. Everyone who saw today’s members-only video knows why that 1.78000 area is significant for the pair. Just keep in mind that there are no guarantees. The GBPAUD uptrend is technically still intact, and without a daily close below the neckline, there is no head and shoulders reversal. WATCH IT AND IF IT UNFOLDS DON'T HESITATE.
Short
by alcance4040
BTCUSD LONG ON 7150 WITH STOP 6500Notice 1. It is weekly chart and trade for long period. (Not a daytrade) thats why target profit must be bigger too. Risk (on stop level) and profit musr be balanced. You shouldn't risk 1K to make 100. 2. Stop lost must be located somewehere which risk max 2% of your capital and under the uptrend. You can do this by arranging position size. 3. There is a uptrend which support by SMAs and trend lines starting from begining of 2019 but also there is a down trend with clear indication on RSI (ghere is smilar trend there too) and down trend is there longer than up trend. So don't fall in love with the idea, limit your risk with a stop loss level that will be far enough to give chance on this idea.
BITFINEX:BTCUSDLong
by victornewman
EU: Medium-term outlookThought I would share outlook on where I think EUR/USD is headed longer term as we are heading into new year with new ECB President. Fundamental: EU Growth remains subdued entering Q4 with GDP at 0.2% ( QoQ ) - Retail Sales missing their mark down by 0.6%. - as well as Industrial Production and Factory Orders in Germany continued to fall The world economy outlook remains sluggish and uncertain. This lowers demand for Euro area goods + services and also affects business sentiment and investment. Next Thursday Christine Lagarde will make her debut where she should set the course of the ECB for the medium-term. Will EU emerge as a proactive economic stakeholder, pushing through more aggressive monetary and fiscal policies, or a passive bystander? US GDP Q3 still outperforming other major economies at 2.1% *Outlook for Global growth remains slow through end of Q2 2020 due to a number of factors; such as demographics, disruptive technology, climate change, Trade relations, etc. *If/When the US-China and US-EU can manage to work through their trade deals, then business sentiment and uncertainty should ease and allow DXY to drop and EU to rise. Technical: Looking at weekly time frame price is struggling at a bearish 20 SMMA ( 1.10600 area ) with 100 and 200 SMMAs well above price, indicating longer term bear trend in tact. 1.09900 is next current Fib target for bears where price should retrace/ consolidate before breaking lower. 1.08150 price area has held fairly well in past and could be target for swing/ position holders to enter long...a break below could waterfall. Currently in a Falling wedge which could play out as a reversal pattern...reversal won't be valid until price has a break and close above trend line on weekly time frame. Until then, Short til it's not! Would love to hear your thoughts/ analysis *Trade at your own risk and have a great year -Krecioch
by Krecioch
20191105 XRPEUR Open Short PositionHi there, Just and idea after analyzing XRPEUR Movement this year and areas, specially supply and demand, and some chart patterns that indicates the price could go down before it starts up. Right now, it's starting to curve, giving sign of downtrend. As usual btc goes on the hand of btc and since you may see in some analysis i have made on BTC, this could go down too. More than once i have noticed volume blocks on Kraken on 0.19 euros. This could be anothr sign too. So, in personal opinion, it could be a good place to open a short position for a couple of months while price goes down to demand area. Again, Just personal Idea and not financial advice. Cheers! Charter X
Short
by CharterX
Position Sizing in Trading - Educational VideoHello traders. In this Educational video I will talk about Position Sizing in trading. You know as a trader that the first part that you have to do when you're ready to get into a trade is how much you are willing to risk per trade. Position sizing refers to the number of units invested in a particular security by an investor or trader. An investor's account size and risk tolerance should be taken into account when determining appropriate position sizing.
NASDAQ:AAPLEducation
by dionthas
11
20191026 XRPEUR Open Long PositionsHi again, So, it seems there's more to go in this new movements we have. I saw the inverse head and shoulder coming yesterday and study the volume behavior both XRP and BTC. It seems the algorithm, sentiment, what ever you want to call it it is repeating. So we may expect new uptrend coming up in the next hours. So, for one side we have that, you may see it in Volume, and we have a clear M formation or Bullish Butterfly. It's like a new re accumulation process. And for the other hand we have the Fibonacci Retracement to support the fractal or harmonic in place. Red arrows indicate the volume so pay close attention in your charts. I believe it could do the arrows movements once again, maybe not. We will see. In any case and personal opinion, time to start setting multiple long positions. If drop then fibonacci orders setup for more profits. Hope this helps you out. Remember this is personal idea and not investment advice. Cheers! Charter X
Long
by CharterX