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BTC how low can it go? Supply and Demand will show! [BTFD-VIP]Bitcoin... How low can it go? Supply and Demand will show! THE ROAD MAP FOR 2019 Greetings members and guests PLEASE hit the Thumbs Up button on the right to show some support and love ------------------------->>>>>> ^^^^^^^^ <<<<< Comments and questions are welcomed below, please feel free to ASK anything! HOW TO TRADE THIS CHART? First like/thumbs up the chart then read below..... Here we are showing our bitcoin log chart with possible supply and demand zone alongside volume orders of bitfinex long & shorts positions we have roughly priced up these S&D zones so we can get an idea of how low bitcoin could go there will be a crazy amount of support as we get lower and people will not be wanting to sell under $1000 but just incase we got zones going down to around $500 nothing is impossible when it comes to trading and nothing is ever a dead certainty especially with bitcoin possible $3k incoming this weekend of 15th Dec and then we can see if it will push hard lower in the coming week exciting times for bitcoin as it gets this low again and more people considering loading up have a great weekend and see you on the BTFD trading floor Sunday evening for weekday market open and our VIP group is getting ready for ANOTHER powerful and profitable week ahead peace up and trade smart
BITFINEX:BTCUSD
by majorlee
EOS prospects & triangle: How to trade fake-outsjust now Situation: EOS is currently still correcting. WXY has just finished, and after it hit a big support it bounced up, and is now forming an indecisive correction pattern (Triangle or ABCDE). Triangle's are relatively easy to trade so i've set up some important price levels in the chart that will be decisive as to which direction the price will be going once crossed / touched. How to trade: Triangles these days are full of fake-outs. Some people say it's because many people are watching the same patterns, which makes them destined to fail. I don't know the true cause, but it doesn't really matter. We just have to find ways to capitalize on it. Once the 2nd top / bottom of the triangle is broken the chance of a real breakout is higher than when it just breaks the converging diagonal. Break of the 2nd top / bottom almost always results in break of the triangle high/low. So it doesn't make the strategy much better by only buying the breakout of the high / low, since the risk to reward will also decrease and therefore lower the profitability of the strategy. Buying the 2nd top / bottom breakout, will protect us more against fake-outs, than buying when it just breaks the diagonal, and then break to the other side. What if: 1. The 2nd top breaks, but it does reverse: Fake-outs are almost always followed by breakout to the other side. So we put our stop loss not on other side of the triangle, but on the last 4h low of the fake-out rally up / down. Since we don't know this yet, its difficult to tell now, but usually it's a stop which is 7-10% below entry. 2. The triangle breaks up, but doesn't reach target: We have to manage the trade on the 4hour timeframe. Conservative traders can take (partial) profit on price/oscillator divergence or other signs of reversals (news, bitcoin -0.87% -0.77% breakdown, etc).The amount of profit you take is based on your risk appetite. Every reversal signal you get should result in you taking partial profit. Once price eventually does reach your stop-loss, you can exit at least with some profits. 3. Triangle breaks up, and reaches first target: You should take partial profits here. You can close your entire position or just take partial profits, all up to you. 4. Triangle breaks down, and reaches big support: I wouldn't like a scenario of a breakdown, because the big support is decreasing the risk to reward on this trade. If it does break down you should take partial profit at the big support, and then either get stopped out on the rest of your short, or wait till it reaches the triangle target / demand zone . Make sure you took enough profits to be net positive once you get stopped out. Target: Break up: The min target is 26%, with a potential of much more (6:1+). The Risk to reward of this trade is at least 3:1, depending on the location of the stop loss (4H low of the rally up or down). Break down: The min target is like 10%, and the max target around 30%. This will result in about a 1:1 - 3:1 R/R. ALTERNATIVE PLAY: Wait for a fake-out to occur, and once it breaches: 1. The 4h higher low. or 2. the diagonal on the other side or, 3. The 2nd low/high of the other side. open a position aiming the opposite targets. Again, scenario 1,2,3 is based on your risk appetite, with scenario 1 being highest risk, and 3 lowest. I will try to update it once price progresses in time. Good luck traders!
BITFINEX:EOSUSD
by RegideTrader
XRP bullish outlook / how to tradeXRP performing complex elliot wave correction. Now forming a pennant after upmove, which is likely to break up. Just like the pennant formed after the downmove broke down, i expect this one to break up. Possible bounce zone should be above the last low at point D. Invalidation will be if it goes below. This means a heavier correction is coming. The green line is the confirmation level (C) for the mover higher up. You can buy this coming pullback with stoploss below D, if your conservative you can buy if confirmation level breaks. Target is around .7. Best of luck
BITFINEX:XRPUSDLong
by RegideTrader
9
HOW does a Moving Average work? #EZ-Learning by EXPLANATIONHey tradomaniacs and becoming traders, here some more education for you and especially for those who started trading and heared about that weird thing called Moving Average. I hope you enjoy it and learn something. If you need more education just check my videos and posts tagged as education. Peace and happy learning Irasor Trading2ez Wanna see more? Don`t forget to follow me. Any questions? Need more? PM me. :-)
BITFINEX:XRPUSDEducation
by Trading2ez
1
How to trade BTC using Ichimoku (1D chart)Right... Without going into too much detail, BTC is more ''bullish'' than it has been all year so far, according to the cloud. At the moment, on the 1 day chart, we have: (1) Lagging span above the price - which is, in my opinion, one of the best early and aggressive entry signals for traders, this is a very weak bullish signal but usually the first component to flip from bearish to bullish. (2) A (weak) bullish TK cross below the cloud. Once again, a confirmation that we are heading into bullish territory. Current situation: *BTC is currently within the cloud, which indicates that price action is neutral, there is neither a bullish or bearish trend established. Keep this in mind. *We have a flat Kumo edge (indicated with the yellow line) , which a lot of Ichimoku traders see as a ''magnet'', it is the .5 fib from the last peak and last bottom. Price tends to move towards that line. *The Bearish Kumo (cloud) is getting thinner, and might even flip bullish for the first time this year, this would be another confirmation that we are headed towards bullish territory. However, the cloud was thinner mid-June so don't rely on this yet, just keep an eye on it. TLDR; What to do: 1. Keep an eye on BTC and watch it move through the last major resistance (the Kumo edge - indicated with the yellow line) 2. If it fails to break this resistance keep in mind that we might test the resistance again and break through it and BTC is bullish as hell. 3. If price declines and hits the lower edge of the cloud (major support) it will either bounce, or break through the cloud - breaking through the lower cloud edge would be incredibly bearish and means that we will most likely see new lows.
BITFINEX:BTCUSD
by AaronCrypto
Bitcoin BEARS still in control - How low will she go?Hello friends, Bitcoin didn’t waste any time confirming my previous analysis. Prices pushed pass $8400 and quickly rose, however the price action was no good and we quickly retested $8400. This does not come as a big surprise as we know the 1week candles still show massive bearish pressure on the market, as well as the confirmation of the longer term down trend line. The bulls did a good job, but as we can clearly see there is more work to be done. The support at $8000 is failing now and at $7800 we will see the newb traders selling their $8400+ bags at a loss on the way down. Remember that the trend is our friend and we will trade accordingly. I thought we had a nice diamond bottom forming and a good chance of a reversal. However my support zones didn’t hold and it shows that the bulls are in for another beating. Support is around $6000 for me on this drop, but I will keep some dry powder for the $4000 – $5000 zones, longer term speaking. Lets be patient and see what the market does. We have a massive bullish divergence on the longer term chart, which will cause a massive price surge to the moon side. This could be anytime from now till April by my best guess. Feel free to come and ask our advice on Discord . Safe trades.
BITFINEX:BTCUSDShort
by saintbitcoin
Dow Jones - Up 50% in 21 months-How Long Can this keep going On?Dow Jones Industrials Index: DOWI (End of Day) Short Term and Medium term Outlook At least the markets get the President even if no else seems to. It's quite impressive that people's pensions are worth 50% more than 2 years ago in many cases. How long can it go on? We can see that the Dow is pushing up against the upper limits of the two parallels that have controlled this great impulse wave from the outset. A 50% rise is a natural check- point, as will be 100% when we get there. We can also see that each time it tests the upper parallel it begins to unwind, creating a continuation pattern with a sideways or downward bias that lasts 2 months or so. It's already lost the power of the smallest parallels and has since tracked sideways off the first support at 23237, almost precisely with the actual low some 7 points higher. So in the near to medium term it's likely that the Dow will track down the small parallels shown at the top of the chart, becoming a perfect environment for day-traders that 'get' the pattern here...sell off the upper parallel buy back on lower until one day the the upper parallel is broken to upside (or downside) and follow that break. But it's more likely to zig- zag down within the small parallels to fill the gap at 22995 and then bounce powerfully from there. That's a nice little flag to trade between in the meantime. So at moment it looks like a lazy continuation pattern back to 22393 before a good rally. This pattern will change on any successful breach of either of the small parallels - to upside follow on successul break of upper parallel for another test of the larger parallel above.And if the lower small lower parallel is sucessfully breached on the downside it will seek support off the blue support line at 22995 - just much quicker than if it tracks within the flag. The 22995 level is important to the medium term for the Dow. And we can see that the entire rally between the two blue supports at 22995 and 22393 is, so far, uncontested. It would be easy pickings for the bears should 22995 fail at any point. It would fall quickly 600 points (a fabulous short if we see it at any point, worth setting an alert for) to 22393 at least and quite likely to test the lower large parallel before the next rally could begin in earnest. But until we see a break of those small parallels that form the flag top, this space belongs to day-traders. One other thing, this market is one of the best to trade, making conventional patterns, especially in continuation mode - making it muuch easier to 'read' than, say Nasdaq. Look atthe patterns - they're friendly, familiar. Are Nasdaq's? Find a friend you can trust. That would be the Dow. Long term, for what it's worth, this index should rally at least 4 X from the February 2106 low and quite easily 6 times. America has never had it so good since Ronald Reagan rode into the sunset. Happy thanksgiving to the USA. Long Term Cycle Analysis:
DJ:DJI
by sumastardon
1
GODD XAUUSD How Gold Traders stay ahead with aid of DXY chartGold: XAUUSD 1.25% How DXY -0.25% is the gold 1.24% trader's best friend right now So far gold 1.24% has behaved in the bear-mangling mode expected of it since the dollar broke down below key support on DXY -0.25% at 94.26 (right hand chart) but it wasn't too smart to let it go again at 1290. That rally on Friday was vicious for bears - the shape of price action as gold 1.24% turned resistance at 1281 into support shows the market adjusting before gold 1.24% powers 16 points north, a volte-face - which you would have been expecting if you've been experienced enough, wise enough to run the two charts in tandem. If you don't you're dealing with a blindfold over one eye... The pin bars on the one hour chart here show strong rejection at 1296.78 down to current levels at 1293 and a streak of uncontested green...very rare for a space like that to remain uncontested and it should flip back to 1288, and potentially to 1284 before it rallies again. On the other side of the street, we can see that DXY -0.25% is flipping in a range beween 93.99 (the high for the week was exactly 93.99 as forecast, giving a precise point at which to sell gold 1.24% - with stops only triggered in event that DXY -0.25% breaks above 94 and holds, in which case DXY -0.25% is going up and Gold 1.24% is going back down. Just the best duo/tandem trade there is in almost any market anywhere. Use it or lose it. Probably the best companion a gold 1.24% trader can ever have. DXY: Dollar index 0.11% Through all the noise of currency pairs and most commodity markets there is a still, small, much neglected voice that can tell usually show you the bigger picture/helicopter view of all that close combat fighting going on below. Not always, but usually. DXY -0.25% , so far since the breakdown at 94.26, has been very helpful. It's flipping between 94 key resistance and 93.50 key near term support and this is what's causing such grief and whipsaw in the price of gold 1.24% . Right now it's giving mixed near term signals... believe it will break lower still eventually, but the chart is not confirming that here....it's just double bottomed at 93.50...was Ok to bounce here for sure but that was quite a big bounce - pins at top and botttom of move...just near term a little confusing, at least to this writer anyway. But gold 1.24% is toppy -0.73% near term and DXY -0.25% is showing a double bottom near term. If it can rally from here then it should push back up to the 93.99 where it should meet profit takers. (Do same with gold 1.24% shorts at that point). And only if DXY -0.25% can then manage to break above 94 and hold is the tide turning back in favour of Dollar, at which point we look to short gold 1.24% again. And on the other side, if at any point DXY -0.25% breaks 93.50 it enters a zone of uncertainty/whipsaw between 93.50 and 93.35 where positions can sudddenly reverse - like quicksand on a map this zone cannot be trusted - a zone to avoid if possible. However, if at any point DXY -0.25% is driven below 93.5 for more than 2 hours it will become llikely that support is eroding and it should start to fall away quite hard to 92.80-92.62 - and thereby triggering aggressive gold 1.24% longs.
TVC:DXYEducation
by sumastardon
How to start a day of tradingDay trading after the opening of the preparatory work 1, to determine whether the market today is a unilateral or shock - the price in the 3 minute chart 30 minutes the highest price and the lowest price between the region up and down the volatility of the shocks, a breakthrough may occur. 2, judge the midline trend - if the 60 minute chart trend is up, as far as possible from the start; on the contrary, from the short start. Short-term players don't have to stick it, in terms of the unskilled novice straddle thinking conversion reaction not so fast, it is recommended that only along trend chart for 60 minutes to do. 3, the analysis of long and short popularity --- we can change from the volume and position of the popular strength of battle. Put a lot of prices did not fall, may have bottomed out, amplification and its price is rising up, short-term may rise to the first. Rise and fall process requirements are different, the rising process needs continuous uniform volume, Volume 3 minutes K line graph in uniform, indicating that the rally will continue, if there is a substantial reduction or a very large amount, up may come to an end. Fall is different, as long as the next break down some of the key positions when the volume, the downward trend will continue. Prices rose to a certain price is up, positions has been increased, trading pending the price than a low that prices are likely to fall. Masukura stagflation, short selling is a very good opportunity, or Masukura lag down, easy to rebound. 4. Look for key points -- draw a diagram of pressure, support, the trend line and other such as FIB retracement withdrawal line, the price reached or break through the key points to take prompt action.
Long
by Daniel_Wu
How to Infer Currency Strength Without ANY IndicatorsToday I received a question regarding what indicators or websites to use to infer and compare the strength between related currencies. I responded with a long winded explanation as to why it is not necessary to use indicators or websites to infer such information because it can be realized solely through price action. If we look at the daily range today on GBPUSD, EURUSD, and EURGBP which resulted from the huge miss on the NFP numbers, we can gauge the strength between the EUR and the GBP versus the dollar as well as the EUR vs the GBP. In looking at the daily ranges of these pairs we will first notice that they all had a strong move to the upside. This of course being due to the weakness and downside movement on the dollar ultimately resulting form the miss on the NFP number. Therefore right off the bat we can infer that foreign leading currency pairs should be strong against the dollar today and we can expect to see pairs like the GBPUSD and EURUSD moving to the upside. That is exactly what we see here... price moved as expected. Now... what if you want to compare the relative strength of the GBP vs the EUR as it relates to the dollar weakness. Well then we will need to bring the cross pair EURGBP into the picture. The EURGBP cross pair will tell you how strong the EUR is vs the GBP. We see that the daily range of the EURGBP cross pair is roughly 90 pips and as of right now this pair has held that range indicating the EUR strength that we see clearly on the EURUSD. The daily range of the EURUSD is roughly 215 pips and it too has held this range indicating its strength. Since most of the day's trading is done for being that it is a Friday we can expect to see these prices hold through to the close of the day. So we have concluded now that the EUR is for sure strong right now against the dollar and we are thinking since EURGBP is so strong as well that this rally in the GBPUSD might be misleading and the GBP might not be all that strong right now. By looking at the GBPUSD we can see that it's daily range was roughly 160 pips but as of right now it has already give up roughly 1/3 of that range and price is showing signs of continued downside movement. Seeing this we can conclude that the EUR is certainly stronger than the GBP right now and going into next week if we continue to see upside movement on EURUSD and EURGBP we can expect to see downside movement on GBPUSD. We hope you found this to be insightful and if you did you should definitely check out our YouTube channel goo.gl/g8sWn3 where we do live streams every Monday Wednesday and Friday at 7 p.m. eastern standard time. Enjoy your weekend!
Education
by UnknownUnicorn261897
5