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XBIT - Holy GAP...this looks like perfect opportunity!Price got kicked down at the centerline. Then the world falls apart for XBIT... ...at least it looks like. To me this is a GAP could be engineered from the Market Maker. Think: If you would know "something" in advance and had the money to invest in a startup, what would you expect from the board to do for you? Hmmm... OK, I really dunno, but this could be a potential scenario for such scary GAP's... And we really just don't need the facts - We are happy with pure Fork Trading and price reading. Let's see if we can go above the centerline again to buy for a longer ride to the moon. P!
NASDAQ:XBIT
by Tr8dingN3rd
2
CL - Crude landed - bullseye!This was the former post. Read it and learn how this did unfold. And now I will wait for a retetst of the centerline. In my brain there is the Weekly chart...it's L-MLH is breached! This means, that price will test/retest it on the weekly bevor falling off the cliff if it really does. If this is the case, then the gas station has to pay us... Here's the weekly: Trade small and often, not bold and seldom, to enhance your chances to win! P!
NYMEX:CLK2017Short
by Tr8dingN3rd
11
Short DASHDASH price has become MASSIVELY over-inflated into a giant bubble which has now burst. Yesterday Bitfinex added BCC and BCU tokens to allow traders to speculate on the future price of BTC and BTU respectively (these tokens will then be fully-convertible post-fork). Currently BCC (BTC) is surging ahead. This will lead to downward pressure on DASH which has been boosted in price partly as a speculation on BTC price crash. It now looks likely that a hard fork will result in BTC maintaining a healthy price and market dominance and thus the bullish exuberance in Alts is near to run its course.
Short
by CryptoCoinNomad
Gold GC - L-MLH GappedUsually if al Medianline is zoomed or gapped, we can expect a Test or even a Re- Test to it. From then on, price will fall. In this context I see a small Sine-Wave pattern (yellow dotted Sinewave). We know that the center of S.W''s. are usually get broken, bevor the market starts to turn again and bags the shorts in the up move, wich in it self again produces a bigger Sine-Wave again. The nature of Fractals. Of course and as always - I can be dead wrong hehe... P!
COMEX:GC1!Short
by Tr8dingN3rd
TLT - This should open your eyes a litte moreJust look, study and begin to see. If you know the rules about Action/Reaction, about the Forks, you have a better sense what potentially could happen when price reaches the centerline, or breaks out of the U-MLH and comes back ("overshoot" - "back to centerline" in pink). Follow each bar, from left to right...slowly...think about what's going on bevor going to the next bar. Feel how markets swing, up and down and up and down...breathe in, breath out...contraction, release. As above so below Drop me a message if you like it, have comments or want to learn more about the Forks. P!
NASDAQ:TLT
by Tr8dingN3rd
GBPUSD - GU could have a altitude flightPrice broke out of the big downtrend (white fork), took a couple dance-steps on it (yellow ovals) and gained strength. Look what the pink bar did. It broke the prior small resistance with gusto (Indication!). Then it flung up and down a couple times, and defended the grounds (green) to break the U-MLH (blue fork). The close outside the blue downsloping fork and the higher highs (exponential dashed blue line) is enough for me to take a first load and go long. P!
Long
by Tr8dingN3rd
6
CL - Crude Oil probably prepping for a diveThe real last high was on 2015/08/31 - with a very low close, basically a give-up. From 2016/01/08 price started to stair-step in big swings. The prior high, from where buyers gave up, was the exact point where they once again ran out of power, failing to break north and go higher. OPEC brought news in the last days - they would even lower prices much more to support Crude prices... My thinking goes like this: It's not a organisation who makes the market - It's the market, humans who tell what they are willing to pay. And if the crowd is not willing to pay more for crude, then nobody in the world can stop price from going lower and lower. It's just my simple thinking and in the years I walk on our bowl, the rules of live worked out very well. If not, it was me who did not follow it... Back to the chart. The past weeks produced a coil - energy is loading up. IMO it will explode to the south - but who knows - maybe something will happen and then people are willing to pay more and my thoughts are history. Yes, no crystal bowl, just putting together the puzzles and hope the picture is what it's showing. As for now, I see price will reach the centerline - either the white or even the blue one. But first there shall be a break of the support (blue line). Then I hope for price to come back to pick me up for the ride. But this is probably wishful thinking here, because of the loading on energy which could expand very explosive. Hunt mode on... P!
NYMEX:CLJ2017Short
by Tr8dingN3rd
EURUSD 480 - TextbookNo, I'm not in this trade. But we can learn very much from it: - price is in a clear downtrend - then it starts to recover by making smaller stair steps against the DT. - price breaks minor support and... - ...comes back to where it gave up (pink block) If price comes back again now, I'm very keen to take a short. The important part here is NOT the trade. It is what's in the priceaction. Study it, search it elsewhere and don't look for perfection. Flowers, Trees, Animals and Humans are also look different, although they are from the same species... Peace!
Short
by Tr8dingN3rd
5
TWTR. Buy Twitter shares but at a right priceI stopped following Twitter at some point of time but I´ve been curious on, after all the news bombardement and price movement we had in 2016, what price we may expect in 2017? I found a very interesting setup: on first place, we have an ascending fork (labeled green) where the Median Line hasn´t been reached. Therefore, as per Hagopian´s rule, the price should go as low as the Hagopian Line which connects two extreme minimums of the Fork in question. This would give a retracement to 13.30 area. Then I built another Fork (labeled blue) and found my target price area of 13.30 is very close from the bottom line of this fork. Finally, I tried to see if there were any harmonic patterns and spotted a potential Cypher pattern, which lower extension coincides with 1.414 Fibo level and the bottom of the fork labeled Blue, very close to the Hagopian line. As a conclusion, my trading setup is: Long Twitter shares at 13.30, with a SL placed at 10.35 and targeting the completion of a Cypher pattern at 22.20. If shares go to 12 and 11 area, I expect to be able to add longs gradually at new historical minimums.
NYSE:TWTRLong
by captain_smollett
GBPUSD - Closer look on a working tradeThe prior chart speaks for it self. This chart is a closer look to the current situation. Price closed below the L-MLH = It's going to the next extreme. On a higher scale, this would be a drop from the Blue centerline with target to the Blue L-MLH. But be careful: I see price got pressed. And the bulls holding it up, what leads to this small triangle, resulting in momentum. Pressings very often the not get smacked! It would create the potential to test/retest the white MLH or even the blue CL, before fulfilling it's job, going south to the blue L-MLH where my target (green) would be. Managing my trade in the prior chart and looking for a opportunity to load up in this one.
Short
by Tr8dingN3rd
CL - Crude: Give context to see tiny bitsCrude is really worth nothing at this time. Bouncing up and down at free will...at lest it looks like. But if we give it a little context, then we can see behind the curtain a little more. The big picture (whole chart) shows the GAP, a strong up moving market within a huge down swing since 2015. Mid term (fork) we see price respecting the centerline of the fork and it's trading at the upper extreme U-MLH since 2016/12 Short term, there is clearly something pushing price up, holding it at the slope of the parallel (grey). And we also see, that the GAP from the big picture comes nearer and nearer. Price is very pressed to the upside - no way to let it fall down. This is how it "feels" to me, when combining the different timeframes. A potential short term trade for me would be, if price climbes up the parallels centerline up to the GAP. Will it happen? We find out soon... Hunt mode on. P!
NYMEX:CL1!
by Tr8dingN3rd