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Fakeout

potential targets on XRPgot a symmetrical triangle, inside a larger symmetrical triangle on the bearish side of things...on the bullish possibilities we have a inverted head and shoulder setup and the larger falling wedge pattern....probability in the immediate term suggest a breakdown as we are currently below the inside symmetrical triangle...however there i still time left for a fakeout of this triangles breakdown so for now this idea will be neutral until I see breakdown confirmation.
BITFINEX:XRPUSD
by DrDovetail
3 hour goldencross vs. potential h&s breakdownbull signal vs. bear signal on btc right now...because of that this idea will be listed as neutral. We can see we have the bullish case of a 3hour golden cross that has just occured...usually leads to a bullish outcome and we can also see the 3hr stochrsi has been skimming the bottom range for awhile which means there's more momentum available to go up than down. his is also the case on the 4hr stochrsi as well (not shown here). As for the bearish side of things we have a potential head and shoulder breakdown being threatened...however the volume on the candles below the neckline thus far has not been the type you would typically see with a legitimate breakdown suggesting it could be a fakeout...also the entire h&s volume profile from the left shoulder to the right is kind of suspect as well. I'm still anticipating a fakeout but if it does breakdown the target is right around the 3hour 200ma so I'm guessing we could easily bounce right back up odd that zone if a breakdown does occur. Of course, just above the bull flag we have been in we have once again met extremely strong resistance from the 1 day 50ma and the top trendline of the falling wedge we've been trapped in for awhile. So it wouldn't surprise me if the price action decided to continue back downward and retest the weekly 200ma. As always its wise to be patient and wait for a surge in volume confirming the break one way or the other before making a decision.
BITSTAMP:BTCUSD
by DrDovetail
Who is in control? I'm not kidding! I warned!Now give me hopeful people at BITCOIN. What is the main trend? What is the largest volume? Who's in charge of this game? What are the technical indications that the game has changed? People are full of hope in TOP TRADING VIEW, they are highly manipulative people. They need to live, they need to sell their expertise on their call. They live on it. They lie! Take your money and go buy knowledge, not SHITCOINS cheap service. This is not an investment. An investment in knowledge pays the best interest. Benjamin Franklin Buy books. This market is far from over. Stop fighting the trend. Is she your friend. Now go look at my studies. I'm not famous. I do not want your money I will not fool you Now go!
BITMEX:XBTShort
by f3rG0D
Smells like a fakeout…Looks like a fakeout…Is that the fakeout?Here on the XRPUSD 1day chart we have a pattern of a massive head and shoulders on xrp formed conveniently during a downward trend with a breakdown target of negative 20 cents. The Stoch RSI also bottomed out and is ready to travel upward again so there's not enough bearish momentum available to warrant such a breakdown. The downtrend makes it very unlikely a good head and shoulders because the h&s chart patterns that get validated are usually ones that act as reversal patterns at the top of trends not continuation patterns.Sure there are rare exceptions of when a continuation h&s happens but in reality those are just failed patterns that didnt trigger in my eyes. Still with it looking so obviously like a fakeout it makes one wonder if the whales are trying to fake us out with a fake fakeout...thats the only way I see something like this triggering. On the bitfinex chart this pattern is invalid but It appears to be valid for now on bitstamp,coinbase,and kraken. Its for this fake fakeout fakeout reason that I leave this idea neutral....but with a breakdown target of negative 20 cents, it seems like a ridiculous notion to believe it ever could be anything other than a fakeout.
BITSTAMP:XRPUSD
by DrDovetail
1
NZDUSD possible Short opportunityIn the last 7 months the NZDUSD has created a Resistance area that has been tested many times. The price of the NZDUSD is getting into this area again and that suggests us that the price might bounce down again as it did almost everytime in the past (3rd of dec - 6th of dec the price did a fakeout from this area so watch out for that). The RSI is Overbought and the MACD is going up to create a cross. I wish you a good luck with your trading :) .
Short
by JanMachacek
Bearish XXXJPY Scenario (USDJPY)Anticipating a move up to liquidity to capture stops (stop losses of sellers and buy stops for those who have been following the obvious uptrend) before seeing a price reversal. This opportunity can be planned out as greater than 3:1 reward to risk and may be something we see across other Yen pairs due to the upcoming BOJ fundamentals. This idea however is a low risk sell scenario based upon technical analysis. This analysis is not meant to substitute as financial advice. Trading involves risk, and you are responsible for the outcome if you choose to act on this trade idea. Stay Safe! I've personally placed a sell limit and it will be reevaluated if it has not been filled by Tuesday's IML TV Session at 12pm EST My order details: Sell Limit 109.900 Stop Loss of 20 Pips ~ remember to factor in broker spread etc.
by ZacharyHogan
Fakeout confirmed after lower high lower low now also confirmed.As I anticipated in my previous btc idea, the fakeout is now confirmed after we failed to achieve a higher high and we have now achieved a lower low to follow that lower high..always a recipe for a down turn...there is a chance that we could turn around in the 3.4-3.6 range to complete a right shoulder...but it's also very possible that we could just keep plummeting from there...I sold at 4125 so I get the comfort of waiting it out a little bit at that range and seeing if it dips any further before jumping back in...if you haven't already sold if I was in that situation I would probably just have to hold until I saw the price dip below the head and then would sell...although the bottom may only be as low as 2.8 which would make it dangerous to sell at that point too it may be as low as 1120 so if one knows how to set smart stoplosses that are neither too lose or too tight it may worth a risk at that point but much safer to simply add to your position at each additional leg down. I ahve a feeling we wont see a rebound until at least the stoch rsi on the daily chart dips down to the oversold zone and it still has a long way to go yet...Whatever the case this is simply my personal strategy for myself in those scenarios and not financial advice..best of luck to all of you out there thanks for reading and I hope you have a Merry Christmas!
BITMEX:BTCUSD.PShort
by DrDovetail
Bitcoin 4hr goldencross has just occurred; Fakeout still in playWe can now see the 4hour golden cross has occurred on the 4hr chart...this may spark a rally and we can see that the stochrsi has reached a good boucne support area with room to go up....however before this downturn, we did not achieve a higher high(which would have been around 4.4k), also this year has been particularly unkind to price action the majority of the times we have gotten a 4hr golden cross. Look left in the chart and you can see at least 3 golden crosses previously that did not get sustained and were followed soon after by a big sell off so it would not surprise me if we repeat history again considering we once again also didn't hit our higher high...howeverwe could for once finally see a real sustainable 4hr golden cross and plow back up above the head and shoulders neckline and trigger the breakout which would give us a target of 5.2k or so....there is also the possibility that that disproportionate right shoulder was really just the head finishing and the recent breakdown is actually the beginning of the right shoulder being formed so thats what the new descending yellow trendline is now representing...if that becomes the new neckline then we still ahve a chance to come up and trigger that which would have a higher price target if it were validated than the current inv h&s we have been looking at. Currently its best to maintain your position until you see obvious signs we are going lower. I sold when we broke back under the neckline but if you didn't right now is a little late to sell if I was in that position right now I would not exit until I saw that 4k had been flipped back to solidified resistance...as long as 4k maintains support there's a chance that this inv h&s brakout can still occur...of course that's just what I would do and not financial advic by any means so you do what you feel is best for you...thanks for reading and good luck!
BITMEX:BTCUSD.P
by DrDovetail
Stocks Enter Danger Zone: Will Trump's Wall Work?I have been watching the Dow Jones since we saw that 4,000 point drop. Ever since, we have been in a sideways range. Yesterday we broke the floor on that range in a negative way. Normally this would be a negative signal for stocks, but I think Trump's "Border Wall" move could reverse things from here so he can keep his precious stock market gains until reelection in 2020. Don't be freaked out by this move quite yet. Let's see how things go on Friday and Monday morning. Steemit Article Youtube
DJ:DJI
by micahjmiller
USD/TRY: Swing-Setups! BE ready for all scenarios! :-)Hey tradomaniacs, welcome to another signal by trading2ez. In this case we want to be ready for both scenarios. Whether it`s going down or up, we can make profit with it! Bullish scenario: After the Breakout of the trendline, we wanna make sure that we don`t buy a Fakeout. Wait for the retest of 5.3! After that we should see bears coming into the market following the downtrend. Right after we should see a retest of the previous high, which was @ 5,25! A bounce off that area would show a new high and a higher low confirming the crossed MAC-D and RSI above 50! This third wave has huge potential, our first target would be the top of the range @ 5.40 - 5.45! After that we can head to 5.5! Indicators: MAC-D should get above the 0-Line crossed upwards! RSI: Should bounce off 50% and go upwards! ----------------------------------------------------------------------------------------------------------------------------------- Bearish scenario: IF we see a Fakeout and bounce back into the trendchannel, we wait for the retest of the recent bottom @ 5.12917! After that, we should see bulls coming into the market until we retest the trendchannel. THIS is our chance to sell the market until we`ve reached the important mark of 5.0! Indicators: MAC-D should cross downwards below the 0-Line to confirm that trade! RSI should get below 50%! ----------------------------------------------------------------------- SETUPS Short: Sell-Limit: 5.14397 Stop-Loss: 5.23019 Target 1: 5.05 Target 2: 5.0 --------------------------------------------------------------------- Long: Buy-Stop: 5.25 Stop-Loss: 5.14 Target-Zone 1: 5.36 - 5.4036 Target 2: 5.56 Leave a like and a comment - I appreciate every support! :-) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
by Trading2ez
3
Will XRPUSD achieve the golden cross or just a fakeout?This is currently as close as we've seen a potential golden cross on the xrpusd chart. The question now is whether or not it will actually be sustainable or a fakeout. The next candle the 50ma will filter out is a red one but the next candle the 200ma will filter out is a red one that is twice as long...so It's still currently rather hard to say whether or not they will cross or bounce off and repell eachother instead. I've hodling this whole time and will continue to do so,unless I see a clear rejection but also a dip in the xrpbtc pair as well.
BITFINEX:XRPUSDLong
by DrDovetail
2