NZD/USD Sell?My current thoughts on NZD/USD
Multiple tests of resistance at 0.61000 which I think killed the bullish momentum for awhile. My thoughts is that is that the market will move down to test support around 0.59500
Bearish Trend Line
is dow going to down sideThe Upside/Downside Gap Three Methods is a three-bar candlestick pattern. The Upside Gap Three Methods pattern suggests a bullish continuation of the trend. The Downside Gap Three Methods pattern suggests a bearish continuation of the trend
BTCUSD; A Fork in the Road BTCUSD has come to form nice Bearish Wedge on the Daily Chart. We must be very close to a direction decision as we are now being 'pushed up against the wall' of the 50MA & the huge downtrend line of resistance at the same time, both of which we have basically bumped our 'noggin' on 5 out of the 8 last days...
Also in play, what could be considered the Left Shoulder and Head have formed, now we're possibly headed down to $5800 range support for the beginning formation of the Right Shoulder.
Volume is dwindling as well. All of this looks Bearish, but the market is so tricky these days with all that's happening in the world with Economics and Pandemic issues.
Either Bitcoin will bust through the 50MA and Downtrend line and ascend to the $8000 range / 200MA area or begin to descend to $5800 support.
What's your sentiment?
Likes & Comments appreciated,
Thanks,
-HP
Bitcoin: The Rising Wedge ScenarioIf this scenario is to be considered, bitcoin has broken down from this rising wedge. It even went back retested and got the perfect rejection. I do not rule out another test of the breakdown and that downtrend line around the 71xx-72xx mark and that would be a very good risk-reward for a short entry. But for now, I am neutral.
USDCHF continues it's downtrendHi traders,
As you see, we have a downtrend who has highs decreasing on the price and also on MACD wich sustain the ideea of a downtrend.
In this case we should focus to sell.
An anticipative move is to sell now and the conservative one is to sell after 0.96331 is breaked.
A first target might be 0.95034 and the next one might be 0.92541.
If your analyse match with mine, go and take the money !
I hop you enjoy it!
Remember: Don't look for fat wins because the only thing you will get is FAT.
Dow Jones Futures Rally Into ResistanceThe Dow Jones is currently up nearly $840(3.9%) to $21,785 after holding at the 23.6% Fib level upon futures market open last night. Price is currently testing the downtrend resistance line which for now is still acting as price resistance. This move comes as President Trump and VP Pence had an upbeat tone during Sunday evening’s press conference while touting declines in new cases and deaths reported out of New York and Italy which appears to be giving traders hope that the worst is over. Earlier in the weekend the next two weeks were referred to as our “Pearl Harbor” and “9/11” moment as the Surgeon General said to prepare for the worst in new cases and deaths in the U.S. Traders appear to still be trading from news headline to news headline rather than the big picture while ignoring the coming earnings apocalypse and what is expected to be another massive unemployment claims data release on Thursday. Futures markets have not been a good indication of what to expect during actual spot market trading lately so all eyes are on the Wall Street open and whether or not traders can push price above the downtrend resistance line and from there the 38.2% Fib level as those are the two key resistance levels that price needs to beat in order to break the bearish trend in price.
A downtrend on United Airlines.A downtrend is developing in United Airlines since the last 27 days. Until the price breaks this bearish trend line, it will drop. When the price breaks up the line and the volume confirms it, we can establish a long position, with the stop loss near to the trend line. Chart temporality: 1 day
GBPCHF short entry 1HPrice is below all my moving averages, signaling price to be in a downtrend. I was awaiting a break below the 50 EMA, signaling weakness in the pullback to the upside.
Price should head to retest the bottom, potentially making a new low. the Daily chart is in a strong downtrend, so a new low is certainly possible. We are also breaking a new Weekly low, which should produce huge momentum lower.
My moving averages are harmonic in nature...
There is confluence on the RSI with the Weekly chart.
The Monthly, however, is showing divergence. Perhaps after next month, we see a bullish move to retest previous Weekly highs.
Continue to update this chart because its getting absurdWhat exactly did you all think was going to happen?
Expecting Further Downfall upto Rs.150Clear Downtrend continues
average your investments
once it breaks the parallel channel line it will goes below 100 levels
{SWC}——Prlexus, Breakout Downtrend LineThank you for your continued support :)
Strategy: Price Volume Analysis
Bias: Bullish, Prlexus was in a downtrend in the past 3 months, after reaching its peak at 1.10. Prlexus made a breakout from the downtrend line with momentum which was shown by significant volume.
If the volume and momentum sustained, SWC believes there will be a positive price movement in near term.
S: 0.780, 0.750
R: 0.850, 0.870
If you find this idea helpful, kindly drop us a like and leave your comment! Happy trading!
USDJPY Sell IdeaW1 - Price is holding below the downtrend line, bearish hidden divergence.
D1 - Price has broken below the last low and has created lower lows, currently it looks like a retrace is happening.
H4 - Bearish hidden divergence, we may now look for more evidences of bearish pressure in order to join the bears.
SDRL DowntrendSDRL has been in a large downtrend, recently it has seen a large price pump, this may be due to fundamentals however we will stick to charts. A short opportunity has opened with the recent pump, touching the downward trendline and indicative of a possible bearish reversal.
CMCM MomentumIncreasing bullish momentum for CMCM within the current downtrend, a successful descending scallop can also be observed.
26 DEC 2019 BTCUSD SHORT Hello everyone today i see a good opportunity on BTCUSD, as you can see now the trade is going up and it will reach the zone, after it will reach it the trend will reach the zone down, so we can set 3 different tp; Happy trading to all!!
tp1 7076
tp2 6859
tp3 6711
GBPUSD towards 1.30 once again?GBPUSD has been quite slow recently. Volatility in November can't certainly be compared to the one we had in October. The price is currently approaching two down-trend lines: the first one is a long-term one, going through the whole month of November; the second one is a recent one and also forms the upper part of a pennant.
Last candle was quite strong, giving a good action by buyers, but the upper shadow also showed a strong presence of sellers in the market. I place my buy stop entry order above the upper shadow, waiting for a stronger action that would also break the two downtrend lines.
Stop loss below the candle we were analyzing and take profit at 1.2955, applying the concept of measured move to the previous strong up-movement.
BTC Mega-pump hangover into the HolidaysLike my last idea stated, we pumped. That pump was of course more aggressive than I anticipated, so it changes the outlook a bit, but not the mid/long term.
Over the next week or two we will grind towards ~10k, touch it, find support around 9600-9700, volatility will die off and basically go sideways for a bit leading up to Thanksgiving.
This will occur mainly because of the rising 200 MA on the daily (which has been rock solid as far as support and resistance) and the downtrend line from 14k converging finally. Except that patented price squeeze / volume dropping as the BTC whales prepare to shit out the price to the downside.
Then, while you have a face full of turkey, BTC will dump hard and liquidate your happy holiday. :D
Also, check out my website:
bitcoinbattlefield.live
It's a live price tracker for Bitmex with a lot of other information, as well as myriad of audio queues for different price action occurrences.
TRX/BTC DOWNTREND CHANNELBottom of channel confirmed.
Expected to meet top of channel in mid-December, after a small retesting of previous key resistance and support (horizontal line)
Going long for now.
AUD/USD, bearish setupAustralian dollar formed some bearish tunnel. One more bearish movement looks possible.
Fundamentally, the employment change in Australia expected to be bearish.
Simple high Risk and reward potential trade.
EURCAD Buy IdeaH4 - Special cycle completed, retrace happened in the form of double wave down, bullish divergence.
H1 - Bullish divergence, price broke above the downtrend line and also it broke above a strong resistance zone.
We may now start looking for buys with more bullish evidences.
BTC dominance is expecting to be dropped, a chance for altcoins?BTC dominance (BTC.D) is expecting to be dropped, a chance for altcoins?
Bearish signs for BTC.D as shown in the daily chart:
- BTC.D violented key support at around 69%, as mentioned in the previous analysis.
- BTC.D can't break the downtrend resistance, established since the earlier of September 2019.
- At the time, TRIX fails to break its downtrend resistance and being in the bearish area since mid-September.
- MA20 is pointing down with a high angle.
BTC.D will have a small rising to test MA20 (which is a higher edge of the falling wedge pattern), then slowly drops to the Fibonacci retracement 50% (65.8%).
BTC.D dropping is evident tells that the capital is flowing from BTC to altcoins. This, overall, is a good sign of the altcoin market.
The altcoin blooming season is still far away, but altcoins will have good recovery in the next days.
A possible scenario of the crypto market in the next days:
- BTC will have a drop, relatively, BTC.D will have a small rising.
- BTC finds strong support (might be around $6600), then enters the consolidation phase.
- Top altcoins (ie. ETH, XRP, LTC, BNB, etc) will fly when BTC gets stable. Then the next coins have lower market caps will follow the top.
EURGBP second opportunity to trade the downtrendYesterday, we saw our EURGBP short position hitting the stop loss for less than one pip and going down, hitting our take profit at the bottom of the downchannel just like we planned.
Today, the price is offering a second chance to trade the same chart pattern, so we try to enter again with a favorable risk to reward ratio.
