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Drop!

NZDUSD: Wait for the touch to supply area for SHORT positionMAIN IDEA: The main idea is to SHORT the rallies, SELL the top. Here we have 2 possible scenarios on NZDUSD after the ASCENDING CHANNEL pattern: Scenario 1: The market will go to re-test the supply zone at (0.6945-0.6975) and it will immediately drop down because of the strong sellers pressure caused of the resistance at old highs ( 2018 - 2019). Scenario 2: After the drop of the touch on the supply area (0.6945-0.6975) the market is trying to form a HEAD & SHOULDERS pattern for a further drop to re-test the support, which was resistance. --> To conclude you have 2 possible options: Either you see a Head & Shoulders pattern, which if you don't know how it looks like go to my profile and see, I have a very analytical explanation for H&S pattern OR wait for the corrective move to the supply area and SHORT the position from the highs and put your STOP LOSS at around 0.6985. --> This trade will offer you a very nice opportunity with a very good risk to reward. --> Watch lower timeframes (1H & 4H) for the price actions signals, so you know when you can extend your take profit target or when you should close your position.
Short
by MONEYMAKER00
XAUUSD Droped Nicely From 1895Hello Traders! Congrats on the profit In my previous post, I told you to sell from 1894.40 and it dropped from there perfectly. I hope you caught the trade at the correct time. The 1894.40 figure that I gave is derived from another strategy. Like My J pattern strategy, I will reveal it soon. These are the real money-making strategies. Our first Target is 1800/1810 after that we will aim for 1700 and after 1700 it's a perfect buy. All the trades are already ready we will just buy and sell at the correct time. Good Luck traders. If you want me to keep posting good trades then hit the like button. Previous post
FOREXCOM:XAUUSDShort
by Aadil1000x
4
XMR - Thoughts, ideas, PotentialXMRUSDT has been on something of an uptick since the March collapse. Recent news of the IRS offering a half million dollar bounty to people who can crack XMR has no doubt been a source of recent bullish activity. I got to thinking, well what happens if someone cracks it? My answer is who knows! Short-term could lead to a brutal dump, long term could lead to it being better suited for regulation meaning $$? That's all speculation based on external factors, and i put emphasis on speculation . ---- A quick look at the history of XMR and we see that it follows the price moves of BTC, often mirroring it's movement but with more volatility. in the past months we've seen it stay consistently above EMA 21, with the recent drop springing back within the week. Sounds great right? Well, I predict further drops in the market overall before things are ready to run wild and free once more. XMR, then, will likely also see declines in price in the coming days before we get back on the run. RSI is on the downturn, MACD seems to be heading to cross into a downtrend after the brief uptrend it's been seeing. This would be the point in the silent comedy where the guy carrying the large object up the stairs from the second floor to the fourth, slips on a banana peel on floor 3 and falls back down to ground level. Likely while being distracted by an attractive neighbor. What will be most interesting, and has proven fruitful during the previous drop, is seeing how coins react to the overall market moves and their recovery speeds. Big moves in the market test large resistance areas across the board and can show us, with a fair degree of certainty, where the supports and resistances lie in a macro sense. These can be risky to buy into, the old "catching a falling knife" analogy, but often provide the information you can later use to set buy-in, TP, and SL points. BUYING IN? I wouldn't buy-in right this second. We might see some more gains post for the short term (im talking a couple days), but I anticipate price moving down to the previous hard resistance point if not lower. It really depends on what we see out of BTC. If the bears are strong enough to smash BTC's lower resistances, XMR will not pose a chance. Best course of action? Wait until we're nearing the previous resistance and make a move then. This is a slow mover, so don't worry about missing 40% gains by waiting a few days to confirm direction is back in the upwardly persuasion. Better than losing 20% because of a market shakeout this week. Potential for 60% gains from previous resistance level to previous ATH. But will be HODL'ing for a bit. That said if/when BTC decides to reach higher highs, expect XMR to be there with it for a tasty return on your pesos. I'm a simple guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. Feedback, criticism and crude humor are welcome :)
X
by cryptosince1963
2
BTC LARGE DROP INC / SIMPLE CHARTHello everyone! Today we are focusing on the daily chart using the MACD we can see that a larger drop is still yet to play out or to come in the very near future. This looks like its would take us down to 8,000 - 7,000 levels before creating a giant sling shot of divergence which will then catapult us into our next big break out continuing the new bull market. Funny enough, if you look at the MACD the same pattern just played out and is looking to do it again. I drew on the chart where I think the MACD will end up. Choice is yours this is not financial information just a prediction!!!
COINBASE:BTCUSDShort
by Aru_of_Patriot_Crypto