Unless price can hold above the green line, we’ll be shorting stocks until about March 2020. If you can’t short, buying a market inverse ETN like TVIX or the VIX will keep you in profits when markets fall...
price holding daily 50 & 200 SMA. Purple line is1st profit target.
potential levels btc price is trying to retest or fail to keep falling...
This is the 1 hour setup for BTC shorts. Next chart I post will be the daily levels price is trying to retest.
Shorting EURUSD down to purple line if this trend breaks...
THE 15 min chart shows the bulls have temporarily reclaimed the 240EMA. The red line is 240, orange line is 50. The 50 is now above the 240 EMA, signaling buyers entering the market.
BTC setting up to retest the 200 moving. Average. Failure to hold above this moving average will result in a bear market for the coming weeks.
Another interpretation of BTC price movement. The location of the head & shoulders is an indication of price continuation to the downside, until willing buyers decide to step back in & drive prices higher.
Shorting the SPY all year if we can’t break & hold above this channel. If u can’t afford to short, buy an inverse derivative like TVIX or VIX...
EURUSD is entering a previously formed price channel. buying at the green, selling at the red. at some point price will break above or below & the same process will begin again... simple as it gets.
Looks like BTC will fall to retest the most recent support levels... Also, my previous EURUSD Long has been closed. Profits were taken & I’m now short, expecting a new weekly low next week... or bounce off the most recent low, at which I will reverse to go long for at least the next month.
I previously posted a LONG entry on the eurusd. Entry was at a 1 min double bottom, just before price crossed & held the pink downward sloping, dashed line. 1st profit target is the purple line, unless the 1st box cannot be passed & price holds above. In which case I’ll exit & reverse for a SHORT to the bottom red line.
awaiting a buy opportunity to take advantage of this red channel. buying the bottom & selling the top, at the breaks of the downward/upward sloping trend lines within this channel.
btc just held the upward sloping trend. i've already added to my position, awaiting a pullback to add more as long as the trend holds.these new shares i've entered will be sold if price cannot break through & hold the top red line. this will exhibit weakness & potential failure of this position, resulting in the upward sloping (green line) trend. a failure of this...
Any decent trader can see what I see here on the DAILY. I'd be looking to add to my LONG-TERM position at a breakout to the upside, above the downward sloping white diagonal line. If this current support level (the upper green line) fails, I"d be looking for buy opportunities at the bottom green line, a solid area of buy support. I'd appreciate your feedback on...
Simple way to spot a DOWNTREND = when horizontal channels continue to form underneath previous channels & price breaks below the newly formed channels. Seeing other trader's chart drawings & consistent practice drawing your own will help with quickly spotting trading opportunities.
Current trading levels in EUR/USD. I just got into a quick scalp long. Will reverse & go short at the 1st sign of weakness at the top of this channel or wait for a retest of the current high for a larger move.