Previous trade was a perfect one, took risked some profit with the second 50% position to trail stop for an ever bigger drop but those got hit. Now from the looks of it we might have a bear flag now, but not convinced yet so i am going in with half a position here and will wait for a break of the yellow zone to get in with the second part. Still a chance for a big...
The Gold fractal is still in full play and there is a good chance we might break upwards and start to break the high from a few weeks ago. The long positions is still in play and increased last week when we broke that triangle around 1215/1218. Now i am going to sit and wait to see what will happen next. I will increase this position even more but i might wait...
Each attempt to move higher or make a correction upwards is being sold off and the drops are getting worse and bigger with no end in sight. So this is typical panic selling. Now don't automatically think this is good because when everyone is bearish it will just be a matter of time until we rally up, it doesn't work that easily. This market is quite unique, it's...
There were a few attempts this weak to break, making a bigger correction but so far each attempt has been rejected. There was a decent inverse H&S that failed to break up, triangles that failed to break up or reach targets. We just had a break up earlier today to 5700 that got pushed back down just as fast again. We have seen these failed attempts before each time...
Looks like a good text book bearish wedge, volume picture looks good as well. The red resistance zone was a former support zone. In my few previous analysis about XLM' i mentioned a hidden strength in this altcoin. It's still above the 2018 low, but the higher low pattern is weakening a bit and in combination with this bearish the chances are bigger that it makes...
The fractal seems to be in play now, at the moment we can see a good triangle in the making. If that breaks to the upside, we could see a another big rally. If this triangle breaks up, i will increase my previous long position. Trying to play the long game on this one. I will take profit 50% towards that resistance zone, wait to see what will happen after and try...
Conclusion of my previous analysis: My view now is as neutral as it gets. A break of 6320 or 6270 will probably push me slightly towards the bull or bear side. A break of the higher low formation (6200) should be a big sell signal. It seems some people have difficulties with reading and understanding English and and trading is about being right or wrong...
Finally, now i can make a new analysis again :) I had to make the first one in a hidden chart because it seems we can post max 10 idea's a day :). I have been watching this one for a couple of weeks now, looking at that bearish wedge on the left. But because i did not like the position AND the movement of it, i simply sat on my hands and did not touch it....
Welcome to Bitcoin' and triangle movements, one day looking so bullish and few days later looking so bearish and back again. This pingpong behavior has been going on for a few months now. Bears get out of hiding when the downside gets tested and the bulls show up when the upside gets tested. In the meantime it's just the exchanges that earn real money, even though...
The previous trade was picture perfect getting in at the high and taking profit at the low. I said we might get a reversal and some have asked me why i did not trade that reversal, for me that is simple: I don't like to trade the same coin too many times in a row, because that increases the risk of getting emotional on a trade. If i would not have shorted it and...
In the previous analysis it has done exactly as i asked for to keep the hope for this big inverse H&S alive, that was a good strong move upwards. This is what i mentioned in my previous analysis: There is one very important factor though to make this inverse H&S succeed for XRP', that is a big/fast move up towards the neckline, similar like we saw a week ago...
BCH' has been moving a lot the past weeks with high volume moves. It already made a 50% correction since the rally from the low 2 weeks ago. At the moment the long term bottom formation is still in play. For the big inverse H&S on the left, we need to stay above the 500. Otherwise we will drop towards that blue circled line again. On the short term there is a...
So we overreached the first target slightly and since dropped just as fast again, but we are still above a support level. No we do NOT want to see that green support get broken because that could trigger more selling pressure. If some were wise enough to take some profit at the yellow circle and still believe in the bullish version, this would be the spot to add...
Trying to play a long term trend change here. Had a dropping trend channel from the start of 2018 and this month we have had the first breakout of this channel. We had a nice double bottom in Oct which already reached it's target. At the moment it has dropped but it could potentially make a right shoulder for an inverse H&S. I am going to scale in several orders....
EURAUD has dropped a lot the past few weeks and went in a straight line towards the current support area. There is the potential for a bounce here and best case scenario we start to see a small wedge developing. If this happens i will make an attempt at the low of that wedge to get in with half a pos and increase it if the wedge breaks upwards.
Looks like a good solid bearish wedge here, good Risk Reward here, worth the shot
From the looks of it we might see the end of the current bear trend of gold of 2018. I want to see the price move as i have shown on the right, making another low which creates bullish divergence in a support zone. On the left i have shown a possible fractal, which shows a similar move up till now. There is chance we might see another big wave down, like we can...
The pattern is a bit unclear, but because the RR is so great i am taking the risk here. Starting small and increasing on the break of the yellow zone. Think we might make a lower high on the daily, so it could potentially drop a lot coming weeks. Making the RR enormous, which makes it worth the risk for me. I am using the stop loss, but in case we move only...