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IT'S NOT OVER YET | THE FASTER WE RISE, THE HARDER WE FALLI am not confident this is the end. In the history of Bitcoin's existence, the faster we rose, the harder we fell. Vast acceleration always resulted in a large correction. We rose up too fast... yet again. Thus, I believe a large correction is due... yet again. Now I understand this pattern breaks eventually and we progress into a bull market, a long, multi-month, sideways bottoming pattern forms. I have yet to see anything of the likes. So why is this scenario any different? Historical Rapid Acceleration It seems like nothing has changed... yet again. VERDICT: Until we actually form a bottoming pattern that is sustainable and reasonable, I can't be confident that price is ready to start the next journey to new highs.
COINBASE:BTCUSDShort
by JayanVarsani
3
Price action & Psychology - Resistance, consolid., continuationHello ! Key points : Resistance broken on high volume and wide range candles Consolidation phase and support hold Huge price rejection on the hourly + high volume Relative strength (compared to today's market conditions) I've left some charting from the previous trade on this analysis, to get a context. On the previous analysis, we said that basically, what happens after an "ABCD" pattern, is that the "D" makes a new low (depending on what chart you're looking at it must not be an all-time low). So we're entering a new trend. As we know, stocks nearly always move in waves (higher highs, higher lows when uptrending, reverse for downtrending). What happens here, is that the stock needs some room to "breathe" before resuming the trend. Some people are taking profits (like I did yesterday), others are joining the party, while others wait on the sidelines. BUT , there's still a "healthy" balance between the different actors, otherwise, if the conviction was gone or there would have been enough sellers to absorb the buy orders, the stock would have reversed right away. The 2 reasons for a stock price (or any other security) to go up (reverse for down) Fundamentally, there are 2 reasons : There are not enough sellers to absorb buy orders (buyers > sellers) Traders/investors think that the stock is cheap (they have the belief that the stock will go up in the future, i.e. the conviction) ***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities, it takes only ONE trader to deny your trade.*** Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
NASDAQ:VRALong
by UnknownUnicorn6734025
EUR/GBP REVERSAL | INVERTED H&S / DOUBLE BOTTOMNOTE: The following extends my earlier post on EUR/GBP. Please refer to it in addition to this post; attached below as a related idea. Inverted H&S - Right Shoulder Forming Double Bottom Still Holding As The Local Low Targeting The 61.8% Fibonacci Retracement Level Macro-Economic Analysis - Further Downside Expected, Thus A Rise In EUR/GBP VERDICT: Cycle low is in and forecasting movement to the upside. Targeting the 61.8% retracement level.
Long
by JayanVarsani
BITCOIN & SP500 | THE SIMILARITY IS PRECEDENTED | NOT A HEDGE.No unnecessary words needed. The chart speaks volumes. Bitcoin has never experienced a recession let alone a pandemic. Bitcoin will follow and mimic the global economy so long as economic implications exist. Main indicator for investing in Bitcoin should be the SP500, or any other equity index. This isn't a bull market. This is a bull trap correction. VERDICT: Bitcoin is not a hedge and will follow the broader markets until this recession/pandemic is over. Just ask yourself... why would bitcoin act differently?
COINBASE:BTCUSDShort
by JayanVarsani
5
GBPUSD sell idea ***GOOD RISK TO REWARD RATIO***We find GBPUSD in a 4 hourly bearish channel. Following an exhaustion to the up side, we will be looking to jump onto sells as we see upward momentum being lost on the 1h timeframe. Sells will be entered upon retest and denial of the 38.2% fib level as shown, where we could see a big push downwards to the 1.22270 price level. We find this to be a high probability trade, with a RR of 3.95 and is very well worth entering. Remember to trade responsibly and with appropriate risk management. Happy trading!
Short
by Tradesman1996
1
GLOBAL EQUITIES BULL TRAP | FURTHER DOWNSIDE EXPECTED Often in downside and upside moves of large magnitude, a phase is present where a large correction occurs. This is known as a Bear or Bull trap, respectively. It is reasonable to say that we could be in a bull trap right now with stocks up by almost 30% An average market cycle high to low has been in the region of 50-60%. This would bring price to strong support and a reasonable area for a rebound (Buy Zone) This assumes that this downside cycle will be of the same level or worse than the previous downside cycles. The reason for such an expectation is due to the extremity of Covid-19 in terms of unemployment, trade, demand shock and other macro-economic metrics/indicators. Also the fact that the pandemic indicates a more longer/severe cycle due to the nature of the event being so complex and impactful. VERDICT: Signs of a bull trap are becoming increasingly more noticeable and this, along with the extremity of Covid-19, indicates that the crash is expected to continue further.
SP:SPXShort
by JayanVarsani
MOMENT OF TRUTH FOR BITCOIN | BREAKOUT WITHIN 36H Bitcoin to breakout within 36H (12:00PM - 10th April UTC) Expected downside breakout. Regardless of the direction, this will be a key zone where a breakout will occur Note, ascending wedge has been adjusted from my previous post. Adjusted lines show that this pattern is still intact and is yet to be invalidated Also note that leveraged longs are beginning to stack across all platforms. Leveraged longs are to be used as a inverse indicator; as longs stack, price falls Daily Chart 4H Chart 1H Chart
COINBASE:BTCUSDShort
by JayanVarsani
AUDJPY Possible Bearish Continuation Price floating below the long period SMA 200 (red) and trading under the weekly and daily pivot point already indicting bearish sentiment for this pair. Comdolls aren't doing well and the risk bets are not good so far which we can see from the price action in most of comdolls related pairs like au,uc,nu. Yen and dollar ruling over the market this week so far which let me think that this pair might drop further lower if market mode are in risk off.
Short
by Anatta0
2
EURUSD SHORTWe an observe EURUSD in a downtrend as well as massive bearish pressure after breaking multiple historically major reversal zones. Here is a trendline indicating the direction of price as well as the marking of various major zones. Price looks to be doing a minor pullback before my predicted fall once again. I am looking for Bearish engulfing candlesticks on timeframes such as the h1 for me to join this downtrend to my next level. For any further inquiries kindly contact me on Instagram @avesworld2715
Short
by AK2715
USOIL Potential Bullish MovementUSOIL Potential Bullish Movement we are waiting for a momentum candle close above 25.30 to buy this one Reason: 1- Regular Bullish Divergence on MACD (in red) 2- Objective Channel (in blue) 3- Support Round Number 20.0 from Daily (in purple) Three confluences are enough to consider Buying USOIL, after a break below 25.30 (in gray) ** unless price breaks below our lower orange trendline and blue dots, then a downward movement would be expected before going up
TVC:USOILLong
by TheSignalyst
USDCAD Weak Bear!Kinda feels like the bear has no much strength to even drag this pair further deeper. We have seen good gains on the comdolls from the beginning day of the week. Equity market did raise well and mostly TVC:DJI but talking back to comdolls at the moment bearish are weakening. Feels like there could be more probabilities for upside rather than the downside as long as this contagious virus doesn't stop pressurizing the world creating a further financial crisis that will not be ok thing for a currency like a loonie.
Long
by Anatta0
5