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Trend-reversal

Bitcoin Changes Uptrend to DowntrendAt the beginning of the week, we said that Bitcoin will rise to $11,600 and we were right. It was local growth. Bitcoin options expire today in the amount of 62,000 BTC or $700 million. This is an important event that could trigger a breakdown of the $11,000 level. At the same time, with a high probability, we can see the price of $10,000 per bitcoin in the near future. On the weekly timeframe, the RSI and Stochastic indicators are still in the overbought zone. In addition, candlestick patterns also indicate a trend reversal. All this speaks of the imminent fall of bitcoin.
Short
by Crypterium_Analytics
GBPCHF top-down analysison DAILY: GBPCHF is sitting around a strong support zone in red so we will be looking for objective buy setups on lower timeframes. Unless price breaks aggressively below our red zone, then a bearish movement till the all-time-low would be expected. on H1: price formed an objective trendline in blue, and we have an inverse head and shoulders forming. we are waiting for the right shoulder to form and then buy after a candle close above our neckline. or we are waiting for an objective break above our blue trendline to buy. we also have divergence on MACD adding more confluence to our buy setup. meanwhile, this pair is overall bearish.
Long
by TheSignalyst
BTC touching the 5 year ascending trend line! Best buy op but...Just a quick word because of where we are and my pointing out this 5 year trendline as a great entry point and the current geo-economic situation. We dont know what effect the cov19 will have on crypto, maybe Sunday was crypto joining the global stock sell off, its too soon to know and we are right at support. Anyway, this is still the best opportunity you will have to buy BTC if this trend that has maintained for 5, almost 6 years, continues to provide support here . If we break below this in a meaningful way, things could get real bad. I normally would have zero fear about adding large here and I have added to my position today but If we drop below this line in a meaningful way, I am prepared to liquidate to USDC and wait on the sideline while markets finish crashing. I hope crypto can endure the coronavirus sell off. I suspect if we do hold we will have one more test at the top descending blue line at most but possibly not even that high, then back down to the 5/6 year trend line one more time possibly before making its next big move. I watch the grids to anticipate support and resistance and anticipate timeline. I am still long Crypto bot on a tight stop loss from here. Also using order book trends I was able to see the trend shift both before the bulk of the crash and as it turned around > Consider adding historic orderbook analysis to your tool belt @ vcdepth.io This is not investment advice, sharing my observations, DYOR!
COINBASE:BTCUSDLong
by EncryptShawn
1
EURUSD Daily TFHi Guys, I would like to share my idea about EURUSD, its recently back from the Support Line and I really believe that it will goes up, If you can read my Volume Profile, The Reverse P shape has been formed which is its safe to do Long Trade up to the Transition and Maximum to the PoC. We can entry now, or waiting till the price showing the rejection, (Long wick would be better + Engulfing Candle). Make sure that we set the stop loss. Disclaimer : It is our personal view as a trader. We are not inviting any trader to follow our ideas. We suggest to the trader to stick and follow your discipline trading plan.
Long
by pixelfxtrader
Retracement After ReversalGBPNZD had a reverse in trend based on my strategy, and now the currency pair is in a retracement, or pullback. Currently, on the 4 hour time frame, price is at the 50 moving average, and at the golden zone in the Fibonacci retracement tool, if we go down to the 30 minute time frame, we can also see that price is overextended on my stochastic indicator. This looks like a good shorting opportunity as I speak with a take profit at the previous lower low.
Short
by AzzenWazHere
ETHUSD 1H INSIDE CANDLE BREAKOUT SHORT TRADEWHAT IS AN INSIDE CANDLE 1. Previous candle engulfs next candle 2. 2nd candle high is lower than 1st candle 3. 2nd candle low is higher than 1st candle INSIDE CANDLE METHOD 1. Incoming Trend 2. Inside candle - Opposite color 3. Enter Break of Engulfing Candle Inside Candle method is a great short term consolidation indicator. If your trade plan contains breakouts and consolidation then this method is for you. This is a great way to find smaller consolidations quicker which will give you more trades on whatever time frame you want to look. On a daily chart it may take weeks for a consolidation pattern to form. Inside candle represents a pause, consolidation or compression in the market after a big move. Often you will also see reduced volume on the inside candle. Inside Candle method is a pause or a reversal of the trend . So it is more effective if there is an incoming trend. Enter a break of the larger engulfing candle in the direction of the break. Enter with a Stop Order a few pips above or below breakout level. Which trades you take is a matter of preference. Some like reversal trades or trend-following trades. Scalping in doesn't matter what direction you may go. Trend following you will want to see this in the context of a larger trend. Take all the trade setups and just shut down the ones that don't perform. Trade Management: Enter 2 trades Stop Loss is 1.5 x ATR for both trades First Take Profit is 1 x ATR for 1st trade 2nd trade there is no take profit. When 1st TP is hit move 2nd trades SL to breakeven. Let profit run on 2nd trade by following/trailing SL. If a candle closes back inside the larger engulfing candle close down trade. Watch for a setup for the next breakout.
COINBASE:ETHUSDEducation
by Tradingstrategyguides