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Pattern On BTCUSD And Others Can Suggests Limited Upside For BCHHello everyone, After a long time I have decided to make a new video analysis, covering some of the charts on cryptocurrnices that suggests to me that bears are not done yet. There is a slow price move, a lot of triangles all over the place, so new lows may occur as contracting range can represents a continuation pattern. Also, there was some nice rally on BCHUSD but resistance may not be far away. Overall speaking, I think bulls will come but we may have to wait till next year. Please keep in mind that this is my personal view on current market conditions and that I can be wrong. Analysis provided is NOT any investment advice! Trade well, GH
BITSTAMP:BTCUSD
by ew-forecast
12
MMM - Discount Buy or No?Find the commentary from the chart below: In general, the stock paints a bullish picture but there are also things that could indicate that it would rather trend downwards at least for some time. Bullish points -Stock is currently above the 120 moving average which has served as a support level since 2011 on weekly chart -Stock is currently In an uptrend and hence current downward move may be a correction and oportunity to buy in the larger trend -The 188 support level is intact, and has held since it was formed & the short term resistance level at 212 just got broken last week and so there is some bullish interest in the stock -Dividends have experienced increase by 15% this year (from 1.11 -> 1.18 last year -> 1.36 now this year for each quarter) -Quarterly actual earnings and earnings estimates have all been growing along with stock price and hence it can be inferred that the company is expanding and may continue to be profitable for at least the next few years (longterm outlook idea) Bearish points -The price behavior with 120 moving average this time around has been sharper, larger and more aggressive this time around without truly breaking and testing 120 moving average; this could mean the moving average break is rather yet to come and so more patience should be had (if so an entry with a smaller position can be made, and then more size added as trade begins to work) -Stock has a long way to break out of 255 in order to confirm uptrend, but waiting for price to reach there from its current price at ~212 would mean you would miss the uptrend move in this case; this could be a good idea to exercise patience, but the aggressive correction I already mentioned could mean the very early stage of a shortterm downtrend at least with 255 being the peak price (simply put, because of the price behavior, you would be safer buying from support and deciding to add or close trade after stock reaches 255 rather than waiting for move to 255 and then buying into breakout). -The 188 support level has been intact since it was formed, but it can break with pressure of earnings & a true test of 120 moving average; if these price tests occur and are strong enough, it could set the stock up for a downtrend. -Dividends and earnings growth may indicate future longer term growth and NOT shorter term price action; even though the "numbers" of the company may look nice, it may be moving upward now as a sympathy play since sector (XLI') is also doing well right now. (This stock will not be traded as part of paper portfolio challenge) Let's follow MMM' to see how it plays out! Thanks!
NYSE:MMMLong
by themdtrader
ANAB - "ANAB-tomy" Of A Winning Long Trade?Sorry for the stuffy nose! Nonetheless, here I talk about qualities of a trade that help determine it as a winner. This is just a short version of what to look for, just to give some of the things to consider in the process. As a general statement, there are 2 things that make up a stock: technical factors (price behavior) & fundamental factors (financial statement info). Fundamentals are important for longterm investments where company growth & strength are important, since over time, more people will get interested and buy the stock in the future for further price appreciation (5-10+ years for a solid investment). Simple fundamentals just looks at company profits and how much cash the company has access to, but for a detailed fundamental analysis, the company will need to be known and understood on a very high level as if the investor is one of he founders of the company. Before the investment is made, you must know almost everything about how goods/services reach the consumer/customer. For a trader, correct technical analysis is most important (everyone can do technical analysis, but it takes time to do it in a more realistic fashion without dreaming too much or trying too hard to predict a specific future price action). The more factors that favor your objective to buy the stock, whether as a trade or investment, the more likely you will win from the trade. Here is the list from the video: 1. Technical favor -Price accumulation: price usually builds up slowly before exploding upward in an uptrend, with only few/small price corrections in the trend (it is hard to see this early but it is typically only obvious late AFTER the trend has started) -Volatility contraction-expansion: I talk about this all the time I'll skip it; it is very important to always look for though -Price eagerness to increase: when price keeps trying to push upward to newer levels, this tells that at least there are also other people who see the stock going higher and are willing to put their money on the line for it -Supportive base: the price action should show you that the price has no interest in testing lower levels, which means there are no aggressive sellers, investors or other traders are not selling off and there is a positive sentiment toward the stock -Industry/Sector performance: this was not included in the video, but it usually gives you a great technical context especially when you are diversifying or trying to pick a home run stock (it's still very difficult to pick one though) 2. Fundamental favor (if considering longterm investing) -EPS growth past 3-5yrs (should mirror revenue/net income): this tells you the company's plan to grow/expand and make profit in the process is working, and hence the company is still appealing to old and newer investors -Free cash flow: I didn't explain this well in the video, but I meant to say that a good cash flow means the company has cash on hand aside from other assets to be able to pay off any debt or sudden expenses today if the need arises (this is a very simplified version just to give you an idea) Let's see what ANAB can do! Looking forward to comments or PM discussions.
NASDAQ:ANABEducation
by themdtrader
Weekly update, 28.07.2018. SPX, ES1Weekly update on the major US equity markets using the S&P500 E-mini futures index. Stay tuned! There should be more to come Disclaimer: The information of this post is ”general advice only” and does not take individual circumstances into account so do not trade or speculate based solely on the information provided. By viewing this video you fully accept and agree that it offers general advice only and that trading the financial markets is a high risk activity and that you understand that past performance does not indicate future performance and that the value of investments and income from them may go up as well as down, and are not guaranteed.
CME_MINI:ES1!Short
by captain_smollett
Gold / XAUUSD / GC - Ascending triangle breakout imminent I made an about face on my bias of gold yesterday where I flipped from bearish to bullish. This doesn't mean I am indecisive or have multiple personalities, rather it was due to watching what price was telling me. Don't ever be afraid to change your opinion of a setup on a dime. Price action and the "price story" is always changing, and thus our bias' of that instrument could change as well. The setup we are looking at is a bullish ascending triangle reversal pattern. I entered long yesterday evening (perhaps a little prematurely) but price has continued to show buying strength on each test of the lower portion of the ascending triangle which is what we want to see. Given how price aggressively recovered above the #1 ascending triangle, I think a bullish breakout is likely. Remember folks, likely doesn't = 100%. Never bet the farm! To trade we need capital, so capital preservation needs to be a top priority. We preserve our capital by not over risking on individual trades. If you are in this trade or eventually enter on a future buy signal, the nearest term resistance is in the 1355-1360 range. I will personally be dynamically managing my trades and may get out before that level is reached or stay in after price breaks through(assuming this is how it plays out!), but that level is a nice, common sense level for those of you who are more mechanical.
COMEX:GC1!Long
by krugman87
Recognizing High Probability in SQRecognizing high probability in HQ. Until we lose this $45 level, the higher probability is still to go long. Hope this video helps show you how to zoom out. When in doubt, zoom out. There's always a trade somewhere that's against the primary trend. This does not mean you should be taking it. Know the difference between patience and aggressiveness. Waiting for a high probability pullback at the right long term areas is patience, shorting the 60 minute because buyers are selling at profit levels is aggressive. Both can work, both can fail. Hopefully, now you can see a little clearer reason why one can work better than the other over a 3 month period. Learn more by joining the CTP Group here. mailchi.mp Remember. It's your money, it needs to be your plan. Only trade what you've tested and proven out, your account will thank you.
NYSE:XYZLong
by CustomTradePlan
[BTC-USD] BITCOIN 6% CORRECTION-MUST WATCH! -STOP LOSS FAILED!The purpose of this video is not only to provide a TA on what happened March 13th, but also to describe how dangerous using a Stop Loss limit order can be! My stop loss did trigger but it did not have a chance to insert my order on the books and sell it off. Never insert your stop loss and limit price too tight! If the market has a flash crash or a volatile spike like it did for me last night you will be holding the bags for a while and possibly get screwed it the price does not rebound back to your price area where you bought. Learn from my mistakes! I will never use Stop loss limit orders from GDAX or any other exchange as long as I live. I will only use limit orders to buy and sell or maybe market orders for quick entry and exit. But with market orders becareful since you can have some slippage as well. Thats why to me Limit orders are the safest. If would have had a limit order i would only have lost 15.00 bucks. Im down about $500 as of this video making. For my sake, I hope BTC does not take any further and I hope the American can lift this market back up today before midnight. If you enjoyed this video, give me a like and please be careful. This was a life learning lesson for me! CryptoBuzzAnalyst
COINBASE:BTCUSDShort
by CryptoBuzzAnalyst
3
XLM/USD - Clean Chart - 3 Potential Target ZonesFirst time really looking at XLM, but when i look at the day level, there is a super clear descending triangle. In my opinion there is no need to look any further. Run through real quick how to measure out and mark up some potential targets based on a break of the downward trend line of the triangle Hope you enjoyed another video brought to you once again from some random guy! Give a like and leave a comment with your thoughts.
BITTREX:XLMUSDLong
by Crypto_Sid
BTC/USD-Targeting 3 Take Profit Levels Quick video with my thoughts on BTC and recent price action and what I believe will be playing out. Quickly highlight 3 target levels and how I came up with those. I think the bulls are taking over control of price action based on the trendline break and a break of a previous significate resistance level. The question is whether we will remain above and start seeing those March Bull march on up. If you enjoyed, give me a like and leave a comment with your thoughts.
COINBASE:BTCUSDLong
by Crypto_Sid
[LTCUSD] SYMMETRICAL TRIANGLE -POSSIBLE BREAKOUT- DIRECTION ?Folks, we don't really know which direction will take place! If I knew I would be a millionaire. LTC is in consolidation with a potential to continue in the same bullish trend direction..But its not 100%... Their is a 75% chance it will continue bullish. Two different price targets were set , we need a few candles over this weekend to confirm which direction it may take. Give me a like and some comments if you enjoyed my video. Thanks CrytpoBuzzAnalyst
COINBASE:LTCUSD
by CryptoBuzzAnalyst
1
BTC Tug of War Produces Incredibly Formed PVHI´m taking some poetic license calling her a PVH but the volume does look incredibly flat in comparison to spike of late and it could be the ominous H but then I could argue her form is jagged.. and she has a beautiful nested BFW PVMM right on her heart.. The flatlining tug of war trapped in a symmetric triangle means the Heartbeater pirates have found treasure for their new Ranger !! Go Heartbeaters !! yeahhh !! Feeling bullish as ! Here is the chart..
BITSTAMP:BTCUSDLong
by Benjamix
2