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The Bitcoin Breakdown of the downtrend. A NEW BULLRUN?The BTC price have been in a downtrend since its peak, early November 2021 at a price high shy of $70,000 US Dollars. Since, price had decreased 50% plus to a local bottom around $33,000 US Dollars, Late January 2022. Followed by a relief rally with a peak around $48,000 US Dollars, Late March. For then continue its downtrend to the support area around the $18,000 US Dollars (that just around the price peak of late 2017). Recently, this month the price made a break of the downtrend channel form by this price peaks/bottoms since November 2021. This break can be observe around the price of $19,300 US Dollars.
BITFINEX:BTCUSDLong
by sosacur01
USDJPY Up 18%The USDJPY is now up 18% since breaking out from the major resistance at 125.85 from the June 2015 high. In the recent post for the USDJPY, price was up 11%, so it has seen good growth since then. The move is no surprise as price broke out from long-term consolidation, lasting almost 7 years. Following this strong current move, we can expect another period of long-term consolidation. This is why we want to catch the big moves as they happen. Price is now approaching the 150 round number which is a psychological level of resistance. We may see price hesitate around this level. Whether price will break beyond 150 or reverse will be down to who comes out on top, the buyers or the sellers. We have multiple positions in this forex pair. We are now managing our positions and will compound if and when the time is right. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
Long
by Sublime_Trading
4
S&P 500 On Safe Grounds?The S&P 500 is at a major point because it is currently being held up by the 200 simple moving average, which, if it fails as support, could see price freefall forming a bear market. Back in March 2020, price breached the 200 simple moving average, but its time below this indicator was short-lived as we saw a quick return back above the 200 smiple moving average. This is why we don’t want to enter short positions as soon as price moves below the 200 simple moving average. Instead, we wait for confirmation of lower highs and lower lows on the daily timeframe to avoid getting caught up in a fake breakout. Last week’s candle on the weekly timeframe shows a long wick below the candle. The sellers attempted to force price further down, but the buyers took control and were able to keep price at support. We now want to see the buyers give price the momentum it needs to bounce from support and resume the uptrend. As this is a major level of support, if price breaks down and forms a bearish trend, we will start looking for shorting opportunities. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPX
by Sublime_Trading
Dollar ShortAs noted last week I'm watching the dollar for the short position trade, I'm going to put on an entry here off the daily. Quarterly: - 10 year down trend turning into a flat market. Monthly: - Basically a year and a half of straight down with no healthy correction to speak of. - 500 pips from 2 year average. Weekly: - 3 pushes overshooting the original trend. Most recent swing has stepped up back into the range. Daily: - Notice the parallel channel drawn off the most recent lower lows of this action. - Notice the failed breakout of the top side resulting in the most recent lower low followed by a step up. - Momentum swings on the most recent price action worth noting. - Notice how the top Keltner channel is well outside of the the top price trend line but well within the bottom? I suspect we might be at the turning point here.
Long
by Chad_McDeid
AUDJPY Potential Selling Opportunity!Hello Traders, In this week's trading session we will be monitoring AUDJPY for a Selling opportunity in and around 93.5 OB zone. Once we get a bearish confirmation the trade will be executed and shared with our premium subscribers! - RISK DISCLOSURE TRADING IS NOT SUITABLE FOR EVERYONE. TRADING FOREX INVOLVES HIGH RISKS AND CAN CAUSE YOU A COMPLETE LOSS OF YOUR FUNDS! Trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose! The high degree of leverage associated with trading currencies means that the degree of risk compared to other financial products is higher. Leverage (or margin trading) may work against you resulting in substantial loss. And feeling a sensation similar to getting sucker punched in the stomach. There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Market Opinions BigGainLTD will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. YOU are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs. Internet Trading Risks There are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software, and Internet connection. Since BigGainLTD does not control signal power, its reception or routing via Internet, configuration of your equipment or reliability of its connection, we cannot be responsible for communication failures, distortions or delays when trading via the Internet. Distribution This site is not intended for distribution, or use by, any person in any country where such distribution or use would be contrary to local law or regulation. None of the services or investments referred to in this website are available to persons residing in any country where the provision of such services or investments would be contrary to local law or regulation. It is the responsibility of visitors to this website to ascertain the terms of and comply with any local law or regulation to which they are subject.
Short
by BiggainLTD
Ethereum Trade Idea 04/10Looking at a potential move to the upside for ETH - price has bounced away from the 1260 support area and now is looking to take on resistance areas such as the 1355 and 1375. Any potential upside on ETH will be short as we look to the HTF which suggests the continuation of the order flow (Bearish) If price was to break these areas, the next level to look to is 1400. If price breaks 1355 and fails to break 1375 then this could be another rejection of a resistance area. On the HTF, price is making consecutive LH and LL. The last sequence of LL/LH rallied 24.65% - this is to be unlikely in the next sequence as we are in a bearish range = high probability to the downside One thing to keep in mind is that we still haven't 100% retraced from rising wedge which took 32 days to form (13/07-15/08)
Short
by LuxTradeVenture
Pound Sets Record Low!The Forex market has come alive after many years of very little activity. One pair in particular that stands out is the GBPUSD. Following the long-term consolidation, between 1.1409 and 1.4376, which held price at bay from October 2016 until this month, price has taken a sudden dive through support. Price reached historic lows this month, creating a low at 1.0356, and appeared as though it was on a fast track towards the 1.0000 round number. The pound has found some near-term strength and is heading up, so we need to look at levels of resistance that could prevent price from staying up. The major level of resistance above price is the consolidation low at 1.1409. This low was formed in March 2020 and held for over two years before the breakout. When price breaks out from consolidation, we tend to see a retest of the consolidation zone before a continuation in the direction of the breakout. If price fails to break above this level, then we could see further weakness in the pound and a downtrend could unfold here, but patience as usual for now. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
Short
by Sublime_Trading
The Three Great Trend Trading CyclesHey Trading family! In this education post I'd like to share with you my observation of the 3 cycles that create the uptrend and downtrend. First, trend refers to the natural movement of price action. You may know this has highs and lows. I say we dig deeper. Highs and lows are referred to as the highest price a buyer could buy a currency while a low is the lowest price a buyer could buy a currency. This is on the consumer side. On the trading side, a high is the highest price you'd sell a currency pair and a low is the lowest price you'd buy the currency pair. I say we dig deeper here. There are 3 cycles that create the legs of highs and lows of a downtrend. Cycle 1 - Trend Continuation In an uptrend you're more than likely to become the buyer. The reason being is because you will likely see when price fluctuates up you will make more money and the move up more visible than the move down. The flow if price naturally moves up continuing the push up to new highs thus in an uptrend we get higher highs. In a down trend you'd more likely become the seller The move down is more visible. The flow if price naturally moves down continuing the push down to new lows thus in a downtrend we get new lower lows. Cycle 2- Retracement A retracement is also called the pullback or correction. This is a sign the momentum or strength in the trend continuation movement will relieve itself and pullback. In an uptrend after a new higher high is formed, price will pullback to form a higher low before continuing back up.You can then become the buyer again. In a downtrend after a new lower low is formed, price will pullback to form a lower high before continuing back down. You can then become the seller again. Cycle 3- Reversal A reversal is the trend switcher. This is not to be confused with the retracement. Reversals switch the full flow of price. An uptrend becomes the downtrend and a downtrend becomes an uptrend. How to know when price has reversed? Easy! It's not a trend line break. It's not a level break! In an uptrend, when price moves down past the last higher low that was formed, that signals the sellers have come into the market or the base currency has lost value and price will begin decreasing. In a downtrend, when price moves up past the last lower high that was formed, that signals the buyers have come into the market or the base currency has gained value and price will begin increasing. Best part to remember is this... An uptrend or downtrend is only made of the trend continuation and retracement cycle. You won't see price reverse much on higher timeframes such as the daily, weekly, and monthly. So don't expect to see price reverse every week or month. Simple right? Go try this out for yourself. If you have any questions or would like to share helpful value please post it below. 😁 Thanks for reading❤️
by ShaquanLopez
6