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4hrchart

Extremely pivotal moment for bitcoin could signal bearmarket endIf we can break up from bitcoin's current 4hr bull pennant, the breakout target shown here is around 4350 or so....which would also allow us to hit the green falling wedges breakout target shown here as well. Much more important than either of those targets however is if we can at least get enough momentum from a bullish break of the bull pennant to lift price action above the lavender horizontal trendline at $4117. Why is this line so pivotal? Because if we can reach above it we will for the first time since near the beginning of the bear market form our first higher high on the 1 day chart. That would signal that we may finally be starting to see exchange in the overall market trend from bearish to at the very least more sideways...we could of course hit that higher high and still follow it up with a lower low if the rejection at the top descending dotted white trendline is powerful enough...if we were to then follow it up with a 1 day lower low, that would almost certainly become our capitulation candle(unless we already had capitulation back in late December at 3.1k). Also if we were to follow the daily higher higher with a lower low, even though bears would then still be in control we would very likely have another higher high after that lower low since it would likely be a bounce up from capitulation and from there we could expect a higher low and a subsequent higher high after the higher low on the daily. Once we can complete a consecutive higher high/higher low/higher high sequence on the daily chart I will then be confident the bottom is indeed in. However we could also bart down here instead of breaking up from the bull flag and simply continue our never ending bearmarket series of lower highs on the 1 day chart....if so the bottom may not be in for some time. So for now though this is a very pivotal moment for btc...especially if we can break up from the current 4hr bullpennant. 4hr stochrsi looks like it wants to go up but the daily stochrsi looks like it wants to head downward so who knows it could break up hit the target and then have a big retracement...if so as long as the breakup goes above 4117 that will be a very very good sign...even if we capitulate immediately after.
BITSTAMP:BTCUSD
by DrDovetail
Possible GBP/CHF short position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-2 days Actions on - A – Activating Event Market will meet resistance in zone @1.31 - .... and fall to the @1.286. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 1.286 FX:GBPCHF Trade Management Entered @ Sign up for mentoring Stop Loss @ Sign up for mentoring Target 1 @ 1.286 Target 2 @ .... Risk/Reward @ 3.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Join our Mentoring Program TODAY!! twitter.com Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
4
Tellurian LNG - Good short or longTELL is showing MACD cross on 4h and near on day. LNG gas prices ready for winter spike as prices have been down. Earnings still negative for Tellurian, but LNG is much better than coal and key is west coast distributions hubs for asia for growth vs CQG/LNG (Cheniere). Delivery on larger tankers also helping lower cost. $10 entry with another half as lower limit. Let me know your energy thoughts. Anyone up on LENR investments to look at? Post a like @Pokethebear (I'm not supposed to be here). Back to my real work at batman.
TLong
by Pokethebear
Possible EUR/JPY short position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-2 days Actions on - A – Activating Event Market will meet resistance in zone @125.44 - 125.74 and fall to the @ 124.4 In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 124.4 FX:EURJPY Trade Management Entered @ Sign up for mentoring Stop Loss @ Sign up for mentoring Target 1 @ 124.4 Target 2 @ .... Risk/Reward @ 3.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Join our Mentoring Program TODAY!! twitter.com Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader