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Rejection

USDCAD Long Trade *SUPPORT ZONE*USDCAD has reached the 1.38600 support zone and is showing signs of rejection. If bullish candle closures remain then I can see buying at these levels should prove profitable. There is a 1hr bearish trend in play (trendline shown) so watch for price reactions there. If that TL breaks to the upside then 1.40200 and even 1.42500 could be achieved. The dollar us always in demand in times of global uncertainty and we are definitely in that right now. Stop losses should be placed conservatively below the wicks testing this support zone.
Long
by UnknownUnicorn772665
7
BTC Key Zones & Market ComparisonWe've been trading in an upward channel for roughly 42 days now. We're now approaching the .618 fib level of the last peak which is roughly $8k, which lines up with our longterm resistance zone as well. I wouldnt be surprised to see a move up to there before a pullback, but keep in mind we could trade up to the upper end of the channel as well considering it's still in our red resistance zone. Regardless, these are my short zones. Traditional markets continue to rally upward. You can see the correlation between BTC and S&P with regards to price action. BTC broke down for an approximate 50% immediately following Trump's speech of a total shutdown, causing the S&P and other traditional markets to plummet down as well. At this very moment although we had a breakout to the upside you can see possible rejection forming. We'll see if it continues to display signs of exhaustion or if we actually break further up. Move up to 8.3k region is still in the cards for now. I am pretty skeptical of new highs with regards to traditional markets. I'm anticipating another leg down in which I would expect the major move for BTC as well, likely to the downside for now and doesn't necessarily have to happen right now this instant.
GEMINI:BTCUSDShort
by thiluxan_s
1
A relação entre as EMA de 9, 50 e 200 dias com ETH/USDC...Essa interação está realmente única... Reparem como o preço usou a EMA de 9 dias como suporte, rompeu a EMA de 50 dias, sentiu resistência da EMA de 200 dias, depois usou a de 50 como suporte, e rompeu a de 50 novamente para usar a de 9 dias como suporte! Vamos esperar algum tempo e ficarmos atentos para observar se a EMA de 9 dias irá ser rompida, o que seria uma indicaçã de baixa, ou se ela atuará como suporte para depois o preço romper as resistências das médias exponenciais de 50 e 200 dias. Na minha opinião, existe uma boa probabilidade do preço movimentar-se um pouco dentro do canal, para depois ROMPER A EMA DE 9 DIAS E DESVALORIZAR! AVISO LEGAL: o conteúdo postado nessa página não é conselho financeiro e não deve ser entendido como tel. O propósito dos posts é a INFORMAÇÃO. Invista e faça trocas de ativos baseado no seu próprio julgamento e risco!
Short
by UnknownUnicorn1927084
Daily Bullish Divergence (ETHEREUM)Really loving this look right now.. Big bullish divergence on the daily time frame.. I truly believe in the technology that Ethereum has brought into the world.. However.. I do not like how we are approaching a long-term support and resistance zone.. I also do not feel comfortable with the volume.. I have a long-term holding position in Ethereum however if we have another drop I will certainly be putting more capital to work.. But maybe I already missed the opportunity.. Let's see.. -- MNLZ
FOREXCOM:ETHUSD
by MinimalFiat
2
Unique Weekly Trend During BTC correctionI have noticed an odd yet unique pattern happening with Bitcoin ever since the crash sub 4k. Bitcoin always starts the week off Really Strong following the stock market and is able to hold of most of its gains into Friday , then over the weekend when all markets but Bitcoin are open everything gets dumped back to square one at the 6k Baseline Support. There is a strong case for this to occur again this week as Bitcoin failed to break higher despite the numerous attempts by the bulls to get bitcoin into the 7k region. The Stochastic Rsi is showing a double top a bearish sell signal we haven't seen a while that has proven to be valid and of high probability for bitcoin.
BITFINEX:BTCUSDShort
by CryptoWhaleTrading
2
BITCOIN BREAKOUT - Ascending triangle loversHey there, Please support this idea with your likes and follow me on Tradingview. As you can see we are most likeley in an ascending triangle in Bitcoin, which sends of strong bullish signals. We had a breakout recently above 7k, but I already expected a rejections, since this breakout was in my opinion premature. I expected a third touch of resistance, a retrace down to support, befor then finally significantly breaking 7k. Also btw a perfect touch of the fib retracement from 3k drawn to 14k. You would know all of that if you were watching my youtube videos. If you arent't an accumulator down here, I would suggest thinking about your trading strategies and most likely moving away from trading, since you obviously are a herd thinker and do what others tell you. Of course this is not financial advice, but this is the time to buy Bitcoin heavily and buy more if it drops lower. Although I think that this is very unlikely. Cheers, Konrad
BITMEX:BTCUSD.PLong
by EnlightenedTrading
BITCOIN PRICE REJECTS $6.9K? WHAT NEXT ?The price of bitcoin has shown a strong surge over the past weeks as price rallied from $3750 to $6900, however we see a rejection at the $6900 level which confirms a resistance. The daily chart is showing a clear rejection which is not a bullish perspective to look for, since price wasn't able to break $6900. We could be looking at lower support levels below at $5600-5800, $4750-$4900 and $4250-$4400. These levels are substantially higher timeframe support levels which could provide potential long opportunities, if price rejects these levels spotted on the Daily chart then BTCUSD could be heading lower ! The price of bitcoin lost an uptrend, which indicates that there's more downwards momentum to come . Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully consider whether trading is suitable for you in the light of your financial condition. Goodluck !
GEMINI:BTCUSDShort
by Tim298