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EthereumHello all, I am very new in the whole trading world and started recently with the whole Technical Analysis side. And man there are soo many information available I just can't keep up haha! Here I think an Ascending Triangle can be seen. The flat resistance is hit multiple times and the more times this resistance line is tested it will eventually fail to hold that resistance level. Second is the rising support trendline. Here you can see the connection of the succesfull higher lows inside the triangle formation. I have also made a prediction for the target price for because of the bullish trendline position. What do you guys think of my TA? There are many rooms for my improvements and I would like to know what these are =) Thanks in advance!
Long
by EETimo
First XAU tradeHey, as you can tell from my title I'm new to the fam but I'm feeling gold and I'm feeling good. My confluences for this trade were firstly, I noticed that price was rising on a bullish trend. As you should know if you're a gold trader that gold trades in levels. Right now gold is testing around the mid major level. Secondly, I drew my market structure just under the mid level for possible retest which occurred. Thirdly, I noticed that 3 bullish rev. signal candles tested the market structure. which indicated to me that price wants to continue in the uptrend. Don't get me wrong though, price is going to turn around in a major sell soon. I said what I said. -bri
OANDA:XAUUSDLong
by briannacs
1
EUR/GBP LONG After a very bullish close on Friday, I have taken a long position in this pair. I expect this pair to potentially move all the ay up to 0.9300 area over the long term. I will be looking to scale out some of my positions as previous highs and will being my stop to breakeven at the alert. If you want to learn more, please follow me on here or on Instagram @saxonpooley. I produce free weekly outlooks every weekend, where I break down key areas on a pairs I am watching. I also teach people how to trade so if you are keen to learn, feel free drop me a message! Saxon
Long
by ProsperousTechnician
ACB, right into my target box.First buy box reached. I had reserved an amount for this moment, and I have divided that amount into three baskets. The first one filled at $1.15. The next FIB level down is around $0.89, but this may very well bounce at the $1 psychological level. A third will be purchased if it drops into the box below $0.80. At the moment, judging from a fundamental perspective, ACB is trading at fair value. I am also convinced that ACB will make a comeback at some point. What we need to understand, is that it will definitely run out of cash if the market doesn't pick up soon. There is also the slight possibility that ACB would attract a strategic investor, but I would expect such an investment to provide perhaps $500M, and a deal would possibly look similar to Auxly's recent strategic investment by Imperial Brands. There is no telling me that a broad range of conglomerates isn't watching the cannabis industry with anticipation, but there is no telling whom and when they will act. A little of topic here, but my point is that if you do choose to speculate on a bounce, you should understand first of all that it is very speculative, and you should prepare for news about share dilution to raise more cash once the current prospectus becomes exhausted. Yet, a lot can happen before that time. It would be beautiful if all three of my orders get filled. But it would also be beautiful to see a few months of solid rangebound, sideways trading. I am expecting at least another disastrous quarter, and thus I am in no hurry. If it would suddenly turn bullish, there is still time to enter on a buy signal... Ultimately, I have a stopp loss at $0.40. Lets hope it doesn't come to that.
A
by Barkworth
6
WHO F****** KNOWS NOWmore delays for brexit should see big gap down and a return to retest previous lows. if deal is agreed then we should see gap up and continued strength in the pound. honestly, i have stopped day trading the pound, it is very volatile and now looking for longer term positions. As a young person in the UK i feel my views have been forgotten about. To anyone over the age of 50, should not be able to vote simply because it is not their future. At this moment in time i just want us to leave, this is not my political view, it is simply so that we can stop going in circles and sort the country out. anyone think i should be PM?
by kristianhammond15
6
IPC indice de México en pesos, la corrección aun no termina.La corrección actual del IPC de la bolsa Mexicana todavía tiene mayor potencial. Comparando la baja de 2008 donde vemos un comportamiento muy similar podemos observar que hizo un doble piso en el 2.618 de Fibonacci. Si esta corrección sigue el mismo patrón tenemos un potencial de baja hasta niveles de 39,000. En la gráfica podemos observar la similitud en los niveles de RSI y el MACD y el momento de la corrección en el que nos encontramos. Si les es de ayuda la información por favor den like y compartan.
BMV:MEShort
by Kassem_Trades
YoungShkreli is up $2000/BTC short and has something to say...Hey guys, YoungShkreli here Anyone who listened to me (like me) is up 25% USD and 50% BTC at the moment. I'm not mad at those who didn't listen, just remember this next time you ignore me... I am expecting bitcoin to bounce at some point in the near future, make sure you follow me to know when you should go long. The next trade will be similarly successful to this one. Why? Because I am a big move player. I do not try to guess where the market is going tomorrow and with what magnitude, I can not do that well. What I can do is tell you whether or not with, very high probability and limited risk, when a decent move is coming. I do not try to predict at what price or what day. I go by a strategy. There is an art and a science to trading. The art is telling me we will want to be long soon. The science is telling me that time is not now. That's all I can say today. This is not a call to action. This is a warning: be prepared to read my next posts, it could make you a ton of money. If my posts help you, please like my work and follow me, it will help us both. -YoungShkreli
BITFINEX:BTCUSD
by CantorTechnologies
9
BTC New Rocket? Sub Daily I am neutral. Daily I am definitely leaning bullish. Analysis: In most of these downtrends with BTC you see several triangle consolidations, and they become more visible with the Heikin Ashi. Right now we are breaking up out of one. Moving Averages: On my 8HR Heikin Ashi I have translated 50+200 Daily SMAs as well as 50+200 4HR EMAs. All MAs are consolidating. The 50 EMA could create a nice rejection off the 200 EMA indicating bullish movement. The Daily 50 SMA was pressed, possibly indicating a reversal. Pivots/Fibs/Support/Resistance: Monthly Pivot was breached but only recently. Weekly S2 was tested and held well. Previous resistance zone 6850 and local Fib might be turned support now. TD Sequential: Daily had a fairly gentle decline, and 8 HR Heikin Ashi put out several bullish indicators recently.
BITFINEX:BTCUSD
by A1phaBoss