Short squeeze scenario - XBTUSD - BITMEXPossible short squeeze targets for XBTUSD. This is what I think targets would be IF we played the ping-pong game and went to the next target on the list in the 6700s it would fulfill the "short squeeze" This is just chart art, never take these as financial advice. Have fun, Good luck.
Targets
BTC/USD: Now where was I? Let's pick up where we left off..Weak volume and RSI still a bit too high. Notice green dots on chart. Almost there.
However, clear uptrend based on multi year line. Lower highs seem to be converging with higher lows overall on the macro level. Much more consolidation within an increasingly tighter range is likely (e.g. 6100-6400) for the next few months or so, until buy volume pushes us out of this micro down trend.
*Premise of this analysis: 5800 is well supported. If that is broken, this trading paradigm is invalidated.
1. 6500 was clearly rejected today with decent resistance. But yet still not safe enough to short, unless scalping or day trading vigilantly.
2. I'm not gonna fight for scraps at 5800, and would rather layer in some longs a little higher around 5880, with a SL at 5799. This way I can sleep at night!
3. Target 6800. Needs to break this key level with volume in order to push further to 7500, and beyond. Might consider closing long at 6800 or taking profit, whatever suits your strategy best. If 68 fails, might be a nice short, but too early to tell for a newb charter like me :-)
I learn something from everyone, so please share your take on this.
****Good luck...we're all counting on you!
It's been a long time. GBP/USD Has established a bit of upside momentum and we are now ready to put in some trades. We are going long and are ready to buy the pound inside 1.31700-1.31820 area. This trade has a good conviction rate and even better risk reward ratio, like we always try. Drumroll please.... 5:1 Ratio for the risk/reward. Unless we get some negative fundamental update from brexit, we should be hitting those targets before the end of this week. Happy trading, Go #WOLFPACK !!
H&S Anyone?H&S formed, last time it didn't play out for me so i will be waiting for a confirmations lower than 1440
target possibly to 1380 - 1320 unless it breaks through lower trend line then could be looking at 1200 if bitcoin sticks around its price now.
PS have my doubts as it has already broke neckline and is finding resistance at 1450.
POSSIBLE TARGETS FOR BTC, IT IS FREE - ENJOYHi Trading View,
Double Top has been confirmed and now we are on a bear wave. Could be the last one before market decides to go long for a big wave.
How cool is the Moving Water? Many people did not believe on the double top, but there it is been draw on the chart.
I am sorry if I had so many short charts, a lot of people get angry, but it is not my fault if BTC is falling, since 20K.
Believe me, It is not because of me that it has dropped 14k. I really don't have that power, I just can see it, and I would not avoid post a chart because most of people want it to go long.
Actually, many people have thank me that they saw my charts before putting all their money, right before it dropped from 20k.
But, I also have some LONG charts already, that did work 100% PERFECT (check my history).
So, I don't just do SHORT charts.
I am still testing the MOVING WATER, and everything here is for free. Let's hope it keeps improving as it is.
I decided to spot all the prices that could be reached, and bounced to help your trades. $ 5700 is the bottom for now.
I am so happy I have now 830 followers. Thank you all for the support.
For more information check the related charts below.
Feel free to: comment, suggest better ideas, ask questions inbox, help me improve, post a better chart on the comment, and GIVE A LIKE and FOLLOW.
GOOD LUCK. GOOD PROFIT.
AUDCAD - IHS Reversal, now pausing at Fib on route to TargetAUDCAD bottomed out with an inverse head and shoulders reversal which was confirmed with a break through the neckline at 0.97054. The pattern targets 0.985 which currently aligns with the 200 DMA which is a useful reference for aligning longer term directional bias. Currently we can see price is undergoing a natural pause around the 38.2% Fib. retracement level of the Mar-May surge in CAD strength as well as support turned resistance off the corrective dip mid Feb 18.
Short term target is the 50% Fib level at 0.99 which is frankly close enough to 1.00 for this to be a sensible target zone, expect a few candle wicks penetrating and failing at this level before we see the next wave of momentum
Bitcoin Projections: Targets InboundWe are beginning to establish a more secure bottom at the .786 fib line around 7180 and although its still a possiblity we drop to 7k/6900 we are so close to the bottom that i'll use the drops from here to accumulate more entries but patiently wait for the swing up to 8300. Which would be a bout a 15% swing. Keeping it simple for everyone with this chart.
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BTC updated BEAR plan. Heading down. First i want say that i linked my previous idea for you to see that we are following that same plan. Reason for me to update this on a new chart is to make this more readable. Still same targets i've updated there apply in this. In that previous chart i marked my ABC as WXY and also W:s subwaves as WXYXZ. For making this more understandable i changed them to ABC and their subwaves as normal 12345 for this retracement.
((Actually we are not retracing 6.5k to 10k as many think. This is larger upgoing retracement of downtrend and we are currently on B-wave in that but that's another story which i will publish later today let's just focus on this fake uptrend :) ))
NOTE: Always remember that there is NO trader in the whole world who get's it right everytime. No one. So always DYOD :)
So to the point:
We still have our targets which i will update if there's going to be changes. This is purely how i trade this. No one should follow me . Always make your research and then decide what to do. This is purely educational.
So where we are now in this chart. For keeping this short and simple, we are at large A-wave and it's 4th subwave going up. We had very conservative selling target at 8750 and i had target for entering short just above 8800. Both of them hit nicely. I dont think that was it and i see us still going a bit up to 8950. Doesnt matter if it does or not cause target 1 was 100% met and i am now in short position. So where do i close my short? Probably my closin target is just few dollars above 8k eventhough this should go to 7800-7950 leves.
Currently valid targets are (achieved target removed but you can check it from the previous chart) :
1. 7800-7950 (I will be closing short just above 8k)
2. 9k + (I will make more accurate estimate after 8k levels)
3. 7200-7400
4. Still hard to direction. Honestly i dont know yet
BTC corrective wave ending, bounce expectedAfter two failed attempts to break the 10.000 resistance, the price got rejected quite hard and a correction to the downside was inevitable.
What we see here is that the price is now forming a falling wedge bullish reversal pattern, indicating the sellers are slowing down, which usually happens right before a bounce.
There are now new resistances formed above, which were old supports that got broken. We will use those as the targets for this move.
The fact that there will be a bounce does not mean that it's going to make it all the way up to 10k again though. It is possible, yes, but for now, I see it more as a natural corrective wave upwards, after a big fall. If the momentum picks up, and the move up becomes strong and sustained, then yes, 10k, and even my old target of 10200-10400 is in cards. But let's not get ahead of ourselves for now.
The confirmation for this trade is the breakout of the wedge.
Targets:
1. 9340
2. 9470
3. 9587
4. 9749
As always, lock in partial profits at each of the targets, since the price may reverse at any of the resistances above.
EOS breakout ahead of Evolution Airdrop on May 10thEOS was the first Coin to make a new ATH (all time high) after the freezing winter lows.
If you take a look, day by day it is trading between a narrower and narrower price rage (under 1$ oscillation daily), for me this looks like accumulating strength.
Today we will have the Evolution Airdrop for all EOS holders, good trigger for the Moon or at least some decent profits for the next leg up.
I expect a volume spike once the the triangle brakes to the upside (buy signal).
A lot more Airdrops will come after the Mainnet launch on 1st of June.
First target: 30$