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Btc Major Short, bulls have been hoping for a move up for a yearVery strong short signal this time people. Bulls are finnaly about to get a load of reality. It is what it is and we can profit on this. After a year of waiting we have come to this point were the price can no longer support itself any more. The magic 6k support about to get broken and this time it's gonna be real ugly. targets are 5.5k/5k/down around 3k. We short above 6.3k bitfinex price and with a stop loss at 6.5k. Margin: 5X. We will also move down SL to profit later for security.
BITFINEX:BTCUSDShort
by Nirland
2
Bitcoin about to breakout... but which way? 5k or 7k? [BTFD]Sideways trading over the weekend with a few squeezes, claiming false breakouts but with higher lows and lower highs we are witnessing the forming of a breakout triangle This will break out this week starting 8th October BUT which way???? going back to this chart and looking at repeating patterns: - its pretty clear to me we have still not completed a full rally from the bulls to push the price into the desired fib level, so.... for this week are we still awaiting a rally to peak over the 0.618 fib level, which is roughly around the 7400 area? ....or are we to see a false breakout followed by a short move back down to under 6400 and start testing 6100 targetting high 5k area? personally due to the volume im seeing it could be a stalemate either way right now at the start of Sundays market open, so a good move up or down is needed to create some early fireworks as we move into October and of course this is the time where we see seasonality of Bitcoin and cryptocoins reaching/breaking ATH's as we move towards December 2018 and 2019 **** looking for this week a break above 6825 for the bulls to go further or a clear close under 6320 to push thru the price action from the previous weeks **** EVERYONE, you could say the smart money is expecting the bullrun season to kick off due to seasonality but objectively we have been repeating these false bullruns since January due to the enormous and quite crazy price valuation on 20th Dec 2017 So we have some clear lines of support/resistance both from trendlines and fibonacci, bears seem to have less room to move, whereas the bull targets seem further away but certainly have more room to move into safe targets are shown in the purple lines on the charts, all pretty valid and possible for the next coming week or so... wishing you all good trades and thank you for the support, donations and commitment towards BTFD and our missions to bring you unbiased and sensible analysis on the markets we have started looking at other markets too and if you missed this trade on WTI Oil, i will bet ur kicking yourself: have a great and profitable October and check the telegram channel for updates as we progress into the week ahead
COINBASE:BTCUSD
by majorlee
2
Trading Major Markets on Margin Part 2 Trading Major Markets on Margin: Part 2 ...You need a game plan. You need a system. You need stops. You need to understand true risk management and try to keep it as simple as possible at the same time . You need discipline. You need courage to buy when others are selling and to sell when others buying - if the correct signals are present to do so. You need patience. You need belief proven by evidence. You need to test this by paper trading - or at least only trading the Dow for say $3 per point at outset. If so and you were to decide on risking this amount per point and the stop you used on the Dow was 50 points away then the loss is $150 in this instance if wrong. Look for trades that have risk/rewards of 3 to 10 times upside to 1 of downside whenever possible. The upside on the Dow trade from Friday was from 24860 back to the highs and in near term it was back to 25000 - maybe 140 upside and 20 points of risk with a stop 20 lower. Or at 50 points of risk it just about qualifies as a 3 to 1 shot. The low was 24852 on the futures. Sometimes it works and sometimes not. It really hurts to get stopped out and then the trade goes the way you originally thought it would. Really hurts. More than being plain wrong usually. But it will happen nevertheless. On the other hand you could have got long around 24641 on Thursday and have closed out at 25000 yesterday for 360 points profit = $1080 profit before 2 points in costs. The risk was between 20 to 50 points on the stop, so between $60 and $150 at $3 per point - so you know what you you stand to lose before the trade is initiated. When you test it 20 times with small small numbers and see it works - or it doesn't - you can decide on whether you have a system of trading bigger numbers or not. When you do, you can start to compound wins and losses and keep dividing total risk on ANY single trade to 5% of the total bank, 1/20th of the total bank. If you did this with the Dow as above, (when tested to satisfaction first!) and you staked $1k with 50 points of stop it means $1000 divided by 50 points = $20 per point x 360 = $7200 profit. For $1000 of risk. The 20k is now worth $27,200. Now you compound it and trade 5% of this on the next trade. It takes less than a year to turn 10k into 1m if you can be bothered and disciplined enough. You only need to be right half the time if the risk reward is right to begin with. Go do the math... There is no right way to trade. Just the one that suits your own profile and time considerations best. This is just one way. It does work though, most of the time : ) Be lucky, whichever way you choose.
DJ:DJIEducation
by sumastardon
Trading Major Markets using Stops and Margin: Risk/Reward RatiosTrading Major Markets 1 of 2 You've probably already learned a lot through trading Bitcoin. Those skill-sets are super scalable. Often am in too much of a hurry to cover other markets to have time to lay out stops and risk reward ratios - hoping that you're experienced enough to work them out for yourself when I miss doing them- which will be quite often in fast markets. There just isn't time except at weekends to cover things from a newbie's perspective. This analysis is meant to be for more experienced traders really. But for newer traders this is one way of trading technical signals. It isn't fool-proof. No system is. But it works well across multiple markets if used with discipline, and without emotion. But please don't believe mere words. If it interests you please test it first. 20 times. Calibrate your rifle sights/stops as per the pinned message at top of crypto pages and test tolerance levels of stops given. It will never be perfect though. We don't have to be either. Just close enough... Wave Trading and Wave Counting Don't really see where Elliott 'waves' figure in the great scheme of things or at the micro level either. Would like to. But have little evidence usually. But If Elliott floats your boat and you can trade off it that's great. Please share if so ; ) In the meantime smaller time scale signals are there to be traded. And if we trade them with stops and a system that works more often than not we can make good returns on half and more of the positive trades and yet limit losses on the ones that don't work out as planned. And by trading smaller moves we become part of and merge into the longer term. It's more fun to ride the smaller waves - they too become part of the bigger wave anyway. And if we can see a good Elliott wave amongst the noise all the better. If so, share it dude! Until then, if you can SEE that the stop is very close or ideally that price is right on it (limit down as with FB last week for example) then it's a SPECULATIVE buy with a stop close underneath the level given. It's 'speculative' because we don't know that this will be the bottom. In this respect 'breakouts', though still speculative, are less so than buying lows. We all want to do the latter: the buy low sell high mantra didn't make it to market mantra-hood by coincidence. But lows can be more difficult to spot than breakouts, which no one misses really. For example with the Dow recently it was around 20 to 50 points of stop if you were buying the dips, (see global markets link at top of main page) Some will just leave orders in the market with a decent stop - say if looking to buy the Dow within 10 or 15 points of a given level (cannot expect to be bang on every day, you know that already) - they leave the order to strike or not and then use a stop at least 20 lower on Dow and maybe 50 at most. And some stick in a limit order too at the same time as the stop. Sometimes it works well. Sometimes it never gets struck. And sometimes it's a big fail and we get stopped out for 20-50 points on the Dow. It takles a lot of the emotion out of the equation. Not all of it. But a lot of it. And if you can work out the RISK in points you can then work out potential rewards too. Then it becomes possible to divide your total bank into 20 - so 20k total bank for ease of explanation = 20 trades or bets of $1000 each at a maximum - for this is effectively what we are doing... Betting that our call is better than the market's call at that moment in time compared to some future moment in time. We don't have to be right much more than 50% of the time though we all want to be. If we can be stoical/philosophical about losses and wins and tread the line without thinking either we're too clever or too stupid we stand a better chance of handling the inevitable losses when they come. To think you're Billy-whizz of the markets and then discover you're not is way more disheartening than never thinking that crap in the first place... Part 2next
DJ:DJIEducation
by sumastardon
1
Structures: Minor into a major.Just take a minute and study this chart. Price has often the tendency to morph from a minor structure into a major one. However, there are similarities and we can find them out by understanding the connections between the movements of price. Study the chart peace by peace and you will learn more then if you read a new book about a new trading setup... P! ...if you like what you see, how about learning how the Pitchforks work? Take my free ForkTrading BLUEPRINT course. Just register and you're good to go. Happy learning!
Education
by Tr8dingN3rd
SENSEX Index Another Topping Formation DevelopingSENSEX INDEX India This is another index that looks like it's topping out for the summer. The great bull campaign from the 2009 low at 8075 to a high at 36370 over 9 years is in its final stages. Echoes of the Dax here. A break below 34291 will trigger a short opportunity here back to 32516 where it should attempt to bounce - but it won't get far when it does. And once it breaks below here it should start to fall away in stages to 31096 then 29169 where it should bounce harder. If at any point over the summer 29169 gives way to bears it should fall harder still 25772 and when that breaks to 22577. A series of potential short opportunities here all summer long. Be lucky.
BSE:SENSEXShort
by sumastardon
GDOW: Global Dow Step UpGDOW Global Dow (USD) Step Up The Dow Global has made a similar pattern to the Dow itself with a double bottom at 2970, the second bottom picking up the longer term parallel. Since then it's got itself trapped within the same triangle formation we see on the Dow, still using the lower parallel as ultimate support on down-side tests.Whilst it continues to do so the longer term trend remains in tact. This index has behaved in text-book fashion as the great rally progresses, with each decline being arrested by the previous high, and moving North in a series of steady steps. The next big test comes on the next touch of the falling dynamic (which defines the upper boundary of the triangle formation). At some point soon this challenge will arrive - even if it gets rejected again one more time this rejection is likely to be the last and should be short lived if we do see it happen first. Once it does so it should rally with all world markets to 3109 and consolidate there awhile. A break above 3110 would in turn be the next near term bull signal for world markets in general, opening the way for a rally back to the ATH at 3322. This has, so far at least, been a very reliable confirming back-up signal for other major markets across the globe. When it breaks higher it's therefore the confirming signal to get long of your local market too. We're looking at a 10% average rally across all major stock markets when it triggers. Yours might do even better ... Be lucky.
GLong
by sumastardon
1
BTC/USD Death Cross forming? SHORT [BTFD]BTCUSD possible death cross forming as traders take profit going into the new week. Stochastics and MACD have shown bearish crosses forming also on the 4 hour timeframe and daily, adding to the momentum of a correction possibly being on the cards - in the range of a $7,200 to a swing low of the $5,800 range, a potential play ahead of the fork could bring high return if the bull run is to return and hit $10k numbers in early 2018. Levels to watch: 200 SMA (to watch for dip buys): $6200 - $6400. What is a Death Cross? check out links below for more TA, group chat, signals, feed and much much more..... Join our Telegram members group: t.me t.me Sign up to our website FREE for a limited time only @ buythefuckingdips.com Follow BTFD and Major Lee Blunt: twitter.com steemit.com Also published on Investing.com: tvc-invdn-com.akamaized.net
BITFINEX:BTCUSDShort
by majorlee
1
ALL EYES ON MEIf you look at nearly any other coin, you’ll see it trading sideways for the last several days. That’s because the entire crypto market is holding its breath, waiting to see if BTC will break through its $11k resistance point (solid red line). There’s no need for an analysis at this point… …let’s see what happens, shall we? Indicators: Dotted green line: We have a well established support trend. Dotted red line: Estimated resistance trend. Dotted gray lines: In case the current resistance trend is wrong.
COINBASE:BTCUSDEducation
by stiltsmccoy
GBPAUD POTENTIAL LONG.Depending on how this unfolds we could potentially see a huge swing move to the upside. Essentially a break and retest of one of 2 zones, resisting trend line or monthly resistance. I am unsure what is happening fundamentally but this move may not happen at all. After minor top down (basically may have missed something) I can see this moving roughly 8-900 pips up to the next monthly resistance, which may give us a great summer. This again will take days if not weeks to unfold correctly. This is where our patience is tested most. Swinging to the moon this time.
Long
by goatpayn
DXY Dollar Index Update Finally the Dollar hits Key SupportDXY Dollar Index DXY has rallied from lowest blue line (just out in fact, but close, considering how far it has fallen now) and rallied to the next line pretty much spot-on. So it's now vulnerable again at this point....it has to push up through this next line right here at 89.42 and hold above here for the dollar to go up any more and therefore for EUR and GBP to go down any more from lows hit today. That is a good spike though, for sure. It could be the low...but we will only know for sure when the next move back lower begins...but bulls will take cheer from today and try to push DXY higher now if they can. This is line therefore the next key level on DXY right here, and so too therefore for the pairs
TVC:DXY
by sumastardon
BTC -90% ? MAJOR CORRECTION IS COMING. Hello guys, a lot of analyst (me including) are too often focus on the 1h/4h or at the best 1day chart, which is good for traders but don't really show us where we are going. First of all I would like to call back that correction and especially the biggest are HEALTHY and are a good opportunity to invest or strengthen a position. This chart is really simple, and in fact it's only a possibility, but days after days this possibility looks more and more likely for me. If you dezoom and look at the weekly chart you can see more or less the same pattern of the crash of 2013 end and 2014. For the first time in near 4 years, the chart looks to flirt with bearish woods : RSI (Relative Strength index) is at the border (blue line is our crucial RSI support to hope for a new rise). For the first time since 2014 both MACD lines just touch what is a very bearish signal. And the weekly chart is almost identical at the one of 2013/2014 : bullrun during 2 years with no real correction and then a weekly decline to -90% of the ATH. We actually achieve -50% of the ATH and then maybe only half our actually correction... BUT, because there is a but, IT WOULD NOT BE A CRASH OR THE END OF THE CRYPTO WORLD. After correct during 1 year in 2014 BTC jump from 100$ to 20000$ so we could see the beginning of new parabolic cycle in the comings months/years to 100 000$... As quickly show with my basic Elliot Wave ABC correction, in this scenario my target would be around 2500 and 3000$. Further correction are possible, but i don't expect the price go very more low than 2000 so buy at 2500 and hold some weeks/months looks reasonable, and in the best case you just buy the perfect price :). Goodluck everyone and have a nice day. Feel free to post your minds, agreements and disagreements are always welcome when they are supported by arguments. I'm not a financial advisor, i only do it for my personal entertainment, do your own research.
BITFINEX:BTCUSDShort
by KassandrA_dotcom
1
[BTFD] ETH/USD - [LONG] Trade Analysis 6th Nov 2017ETH/USD Bitfinex opening with a down gap below the developing trend and 200 SMA on both Daily and 4H Timeframes. Potentially more sideways price action today, coiling inside of the triangle for a breakout. Levels to watch: Fib 0.5% level: $272 Psychological level: $300 ---------------------------------------------------------------------------------------------------------------- check out links below for more TA, group chat, signals, feed and much much more..... Join our Telegram members group: t.me t.me Sign up to our website FREE for a limited time only @ buythefuckingdips.com Follow BTFD and Major Lee Blunt: twitter.com steemit.com
BITFINEX:ETHUSDLong
by majorlee