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BTC/USD - Rally Base Rally - What's Next?I do believe we are going to see some more upside here over the next week or so, but believe we are going to see a slight pull back and then higher price action. The red and blue areas indicate the path of BTC, I believe will play out. Price action painted a sharp move up and out (RALLY) of a weekly/daily demand zone. Then ranged (BASE) for about a day just under a the weekly .786. Moving sharply from this zone to form a small base. I believe price action will rally again to 9150-9300 area, then pull back to previous smaller base or back to the weekly .786 before resuming a stronger run up. Let me know your thoughts.
COINBASE:BTCUSDLong
by Crypto_Sid
2
Taking Another Stab at RetailersRetailers have been good to me over the last year and a half. It shouldn't come as a surprise that I've found solace in the retail space given my investment style. I like to find best of breeds in the most beaten down industries in the markets. BGFV is one of those. The company has increased nearly all margins over the last three years while increasing ROA, ROE, and ROC. Detailed post will be coming on the blog this week. I entered a starting position as price seemed to hold support at this current level. Will be looking to add as long as price advances my way. As always, let me know if you disagree and let me know what you think I'm not seeing. Always trying to improve, Brandon
NASDAQ:BGFVLong
by BrandonBeylo
Bitcoin: BTCUSD Trying to build base: Next buy and sell pointsBitcoin BTCUSD Next Buy and Sell Points The weekend rally ran out of impetus by Sunday night with no impetus still from far East. Since then Bitcoin has zig-zagged back down in a continuation pattern, finding support from just above fixed and dynamic support junction at 10772 on Bitstamp chart and bouncing back up to test the parallel above it before recoiling once more. Whilst this price action is therefore still providing a great space for day traders to trade within the parallels, it's not much help to swing traders as yet. But the near term double bottom and the dynamic support below price at 10772 has turned Bitcoin neutral in the very near term and given succour to the bulls for now, creating the little rally we've just seen. The bears are fighting back from 10987-11000 range and whilst they can hold price under here they remain in control still. Aggressive bears continue to sell from tests of the upper parallel and aggressive bulls buy from tests of support just above 10772, creating this stale-mate within this range for all but day traders right now. Next Buy and Sell set-ups for Swing/larger Trades: Bull case: Bitcoin is trying to base out here and 10772 is best place to do it from. If so it will bounce from 10875 first support and from 10772 at lowest now and then break above 10987-11000 and hold on any retest once broken above...that price action will flip Bitcoin back to positive and we can look to buy with stops below 10950/the parallel once broken. Bear Case: (beginning to lose it, especially if 10875 holds now) Bitcoin has to break below 10772 by 20 points or more to trigger a short back to 10547 initially, then to 10262 and then to 9912 in all likelhood.
BITSTAMP:BTCUSD
by sumastardon
3
IOTA: IOTUSD Trying to base here - buy points todayIOTA IOTUSD Update Trying to base here - Buy points Within minutes of publication the little dynamic support line that had held upyesterday's rally was broken, flipping IOTA from positive back to negative on a dime. Stops for longs were running up under the parallel as price moved north. Well it was good whilst it lasted but once that little dynamic was lost we can see the damage done. That stop was at around 4598 when the parallel was finally lost, so by using this method of exit on longs the vast majority of the rally was locked in and no real damage has been done. We live to fight again from lower levels now... Iota is now trying to base out at 3037 by look of chart but is likely to have a problem at the tangled mass of resistance just above here, where fixed and dynamics meet...no way do we get long again here until that has been beaten through...it has to get back above the upper parallel, now around 3400 and survive any retst of that parallel from above once broken to trigger next long from here. Maybe we will get a better entry long from lower down still...need to watch this and look for potential double bottom/loss of downside momentum at 3037 for fist clue we have a low forming now...if it fails here we stand back looking to see if 2.865 offers support - if not it means 2.172 is the next level to look for a buying opprtunity. So we are left with 4 potential entry points here: at 3400 ish on a break of the upper parallel with stops kept under the parallel by 50 points or more. Or at a potential yet-to-be-decided double bottom at 3037 And should this fail to hold from 2.865 or at lowest from 2.172 if we see it. That's a little complicated but covers the levels. The easiest will be the break above the upper parallel. It should attract quite a lot of buyers as well as shorts closing down/buying back too. watch it and follow when the signal is given on the chart. Use stops though. Yesterday should have taught you that by now. Lesson learned.
BITFINEX:IOTUSD
by sumastardon
7
DXY Dollar Index Trying to Base hereDXY Dollar Index Update Near Term Neutral but Dollar Trying to Base DXY did come off from where it was meant to last week but has put up more than just a fight so far in the 92.74-92.50 range. The fight back was to be expected, but it's doing better than envisaged so far here - and these conclicting signals urge caution now ...no interest in getting involved in a battle of whipsaw here but will look to back the winner again here when one emerges...DXY has gapped up today, double bottomed and left a pin bar lying around in the space between the two blue lines of fixed support shown on chart...bullish signals. But it's still trapped within the parallels which are trying to force price lower. Something has to give here soon. ...A break above the upper parallel would be the next bullish signal from DXY - look to get long DXY on the next retest of the parallel from above, once broken to upside, and get long USDEUR and short Gold on this development too. On downside DXY has to stay under the upper parallel for the bears to keep control from here - then they have to force DXY down to fill the gap today at 92.89 and then push it below 92.55 again for DXY to turn negative again from here. As it stands the bears are beginning to lose this battle, not enough fire-power to force DXY lower from here by the look of the chart. Early hours of this battle, still, but increasingly the bulls are beginning to wrest back control here. Confimation will come when the upper parallel is broken and survives the next retest. At that point we look to short gold (if signals there are not already given) and get long USDEUR.
TVC:DXY
by sumastardon
USDJPY - Bear trap long before more down?USDJPY came under some pressure on Friday. There may be more downside, but right now bears should beware. just below the swing low around 111.500 we have a spike base/demand zone. if we break below this level and demand is still there + shorts start taking some profits, we may get a nice pop higher. As always, will wait for price action after the break. A touch of the 200% extension and an hourly close back above the 111.500 area along with that area once again providing support will have me checking the 5min/1min charts for some long scalps before re-assessing. I like to look for situations that can potentially catch people out ( like Bear Traps/Bull traps ). When this happens, the flow can change quickly and nice, fast moves can happen. I like to assess hourly charts for key zones like this, and then trade the shorter time frames to exploit the flow.
Long
by sebastiaan7676
BTCUSD vision, advicdes, strategies.Hello:) First i`ll say few words about situation right now. We are in the previous resistance, we didnt brake it, we made some divergence on indicators, but watch out: same situation was on the last week (circled and pointed on macd). So, if they are similar, so black arrow shows the possible movement. Nobody can say how it will behave itself, but i believe resistance will not be broken. How to trade now? i`ll say it further id the educational part that i promised!:) Today i want to give you some useful info about how we can trade in such situation. First, i want to say about one thing, that should be never been forgotten: support and resistance. Yes, simple. Very simple. But most of traders belive that their succes depends on confusingly difficult instruments. And that is not true.(same with triangles, but tsss :D, P.s explain later) Look on the grafic, and for example at the zones that i marked yellow. They shows really good how it works. It doesnt matter what kind of movement do we have, up or down: previous levels, where the prices stoped will surely affect following picture: prices will bounce around them. This was said to realize one thing: indicators dont work on their own, they just help us to make a decision and sometimes they can tell us about impulse, that rises an opportunity to break present levels. So, what is important about trading whith indicators? I noticed some really strong signs, that tells about turn of price: 1. Divergence should be formed in with free indexes: AO columns, MACD columns and MACD grafical constituent. This is the stongest sign of the turn. Example 2. Volume decreasing, that means that bulls/bears are not interested in buy/sell and they are losing their strength. But dont use small timeframes when you want to measure volume. My experience says that for the intraday 1-4 hours (in comparrison) are the best. 3. Usually it takes 2-4 waves to form strong enough divergence to make a turn. Also, there are some thin moment in indicators analasing. Sometimes it can be useful to analyse the single columns in macd and ao. Take some last min/max on graphic and watch the indexes on macd/ao. It can help to track some minor movements like this, but this sign is not strong enough to trust it much, but you can use it placing stoploss very near to your order. And the final part for today is the thing, that i realised about 20 hours ago:) Did you see on youtube that succesful traders usualy have 2-4 monitors? Turned out that it`s not just farce:))) I have not very good tradition: i usually miss some good movements:) And i realized the stupid reason of it: it`s very difficult to observe chart from the one window, where you always switch timeframes. This way you cant summarise compare indexes well or summarazi them, because of using different graphic scale and because indicators show the situation in different ways. I prefer 15 min timeframe for the intraday, but the general situation on the market is the most important thing, and when i cocentrate on 15 mins i cant objectively evaluate the situation. And the exit is simple too: create more windows for every timeframe:) For one monitor the most comfortable variation is the next: two vertical windows, one for the 30 mins till 2 h timeframes to switch, and second for the 3min-15min timeframes to switch. First one helps us see the general conjuncture, second one helps us to make an accurate order. That is because, as i said above, different timeframes shows different indexes for the indicators. Big timeframes helps to find the movement with good amplitude, small timeframes helps to take an accurate swim in this flow.
BITFINEX:BTCUSD
by IvanGuskov
KSHB off bottomRecent news has led to an increase in volume off a higher low. Has potential to break 1.94, then 2. Enter below 1.94, risk under newly formed "base," approx 1.80. Target 2.15+. Volume isn't crazy high relatively, but with a breakout it could begin a parabolic move. I could be too early, but I'm willing to take the small risk. Weed stocks could get a boost very soon with new voting in November and rollouts from last year's voting results initiating in November and launching January 1, 2018. Start watching closely for volume increases.
KLong
by StonksCrypto
1