Get started

Selling

BTC, The moon is in the well.Have you ever read the story about the fox, the wolf and the moon? It was written by La Fontaine. To sum things up, the wolf wanted to reach the moon but an optical illusion made him chase it down a well...where he drawned. This tale is both simple to understand and actual since people are still trying to chase a "moon" that could definitely hurt them. Aside from that, the analysis shows a bear market. No news in that. The 8k support level I identified on Jan 17th (see related ideas) still holds, with a second support at around 5500$ in case the first one is broken with supporting volumes. Notice the "death cross" on the 12,26 MACD...this fall is not supposed to stop soon. The entire Bitcoin cycle is definitely into the "fear/capitulation" phase. No wonder things escalated pretty quickly. Best trade here is no trade and keep liquidity. As usual this is not a trading advice, merely my idea. Stay safe out there!
BITSTAMP:BTCUSDShort
by SteveEnnom
AUD/JPY 1,740+ BEARISH SELL!The AUD/JPY Monthly time frame is in a large sideways movement. The market created a down ABCD swing from resistance towards support with a D extension price point 69.10 about +1,740 Pips bearish. The market is at a high price hitting a future resistance and showing great bearish signs. I'm sowing you on the Daily time frame where I plan to enter, because it gives you a much clearer picture. Stop will go 10 pips above MOST RECENT high. Happy Trading :)
Short
by JeremyJSanchez
GBP/USD Forecast August 28, 2017, Technical AnalysisThe GBP/USD pair gained rapidly during the day as Janet Yellen started giving her speech in Wyoming. We have broken above the 1.2850 level, and also tested and broke the 1.29 handle. That’s an area that could have caused a bit of selling pressure though,but the pair run and reached 1.30 level before succumbing to selling pressure. Because of this, I’m will only be selling the highs on this pair this week. I am not interested in buying the British pound right now, because it has broken down rather significantly, and in the recent past. While the Federal Reserve may be somewhat dovish, at the end of the day the British pound has more issues. Good luch this week.
Short
by Capital75official
potential short on USDJPYHey traders Here we have a potentially nice setup forming. Price has reversed within the 50.0% & 61.8% fib retracement. Price has reversed on previous structure formed earlier this month. Multiple lower lows and lower highs forming. MA lines have crossed showing a change in trend on the hourly chart. RSI has touched the 30% oversold mark previously but selling has continued to keep price bearish. I know some traders have already entered this trade, however i'm going to wait until price moves below the current structure zone it sitting on, this move may only be a matter of hours. So potentially enter around:112.75 TP1: 112.00 TP2: 110.00 SL: 113.50 Good luck traders, let me know your thoughts. Plan your trade, trade your plan.
Short
by Frankyfnz
Selling Position - NZD/JPYSimilar to CAD/JPY this pair has increased a lot in 1 month by about 6% so with that being said my technical's are showing me that the RSI has hit overbought regions and the stochastic has now start to head down and with NZD hitting recent highs in nearly all majors & lastly it closed below the resistance line which has been around since 2015 and also the trend line (4 confirmations of a sell). I sense a fatigue hitting the NZD and with an election coming soon in New Zealand. My conclusion is that for the medium term that this is a SELL
Short
by Jamal92
2
ADI breakout to the downside!!higher time frame is showing defined downtrend and exhibiting trend strength- using moving averages as dynamic resistance/ support -intermediate timeframe shows trend alignment to the downside and price pull back to short term moving average -looking for it trade to pivot low of 78.58 and breakout to the downside on intermediate timeframe -on the shorter time frame- it is also showing trend alignment and favors a higher probability favoring the trend to the downside -price is also pulling back to the .236 retracement level of 78.98..would look to initiate position in that area to the ride back down and setting a tight stop over 79.0x area -as price resumes downtrend on the intermediate timeframe- it should also translate to the lower time frame and breakdown past the pivot low of 78.58 and along with increased selling pressure towards the path of least resistance to 74.7x area (.618 extension level)
NASDAQ:ADIShort
by inco1
DPS- Strong insider selling, Short setup from $94.83 to $90 & loDPS had a sharp decline recently & now seems testing its breakdown resistance. It has huge insider selling, we think it will continue its down move after adjusting to its Resistance around $94.43 * Trade Criteria * Date First Found- May 25, 2017 Pattern/Why- Short from resistance. Entry Target Criteria- Test the resistance at $94.43 Exit Target Criteria- $90.53 Stop Loss Criteria- $94.83 Please check back for Trade updates. (Note: Trade update is little delayed here.)
DShort
by AcornWealthCorp