02 - BitcoinCash Next TargetPrice targets for Bitcoin Cash BCH are:
BCH/USDT short
Entry Range: $123,70
Price Target 1: $120,80
Price Target 2: $114,97
Price Target 3: $108,81
Stop Loss: $131,12
Shorttrade
Safe $ACM ShortACM is the most poorly positioned commercial construction company on the market on a financial and technical basis currently. We take advantage of a slow down in commercial building with commercial banking stress. ACM is only off 10% from highs currently only 6 weeks ago. ACM Book value is 4.52, 20% higher than its industry average. Profit margin is 7.81% for industry at 20.61%. 5 year declining revenue growth at -6% annum. Long term debt to equity is 110% to industry average of 80.5%.
I think this could easily drop 50% into a recession. I have profit take at 33% support with stop loss just over highs at 14% for a RR of 2.39.
I have a short position in ACM currently.
NZDUSD ELLIOT WAVE BREAKDOWN (FINAL POSSIBLE DROP)NZDUSD is currently at the finish of wave 2 which happens to contain a complex correction (WXY) based on Elliot wave principle as you can see from the picture above. Wave C which should contain 5 subwaves ending the overall wave 2 is about to be played out. Let see how it plays out...
Trade Idea:
- Watch for a break of the red trendline for confirmation
- Enter with stops below price
- Targets: 190 pips
Goodluck and as always, trade safe!
USD JPY SHORT Risk 0.5%
TP1 = 1:3 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
GU SELL TO 4HR SUPPORTConfluences:
1. 4HR H&S Pattern forming
2. Rejection of 1.23 on daily
3. Rejection @ resistance level
USDJPY BEARISH FLAG Its showing bearish flag so we set our trade plan according to breaish flag and when this pattern it give us profit in continuation brearish pattern
TRADE PLAN:
BEARISH FLAG
Sell Stop/Entry Price:130.615
Stop Loss:132.438
TP1:128.603
TP2:126.667
RR:1:1
NZDCAD- Short TradeVery good setup for a short trade on the 1 hour. There are loads of confluences which shows that price will go to the downside. Let's see how the trade plans out for the week!
CRUDE OIL - SHORT We have a Bearish trend on 4h, on 15min we have this trend line that can be broken, and in this case we can go SHORT, we have published the sell zone and the take profit zone.
Low risk for high profit.
CG Power -Bearish View CG Power and Industries - Longer term View - Bearish view
Bearish View - Longer Term View
Sell @ 290
Stoploss @ 307
Target @ 213
R:R @4:15
DAAWAT ON SUPPORTDAAWAT on WEEKLY SUPPORT
L T FOODS
LONG / SHORT TERM
----------------------------------------
Buy on 90 - 96 Avg Buying till 82
SL 77 as per your risk
TGT 115/ 130/ 145
It will go long till 170
XAUUSD :Gold double top bearish patternOANDA:XAUUSD
Hi , Trader's , price made double top today at 2000$ area
Double top is perfect bearish pattern ,it's a reversal pattern
price breakout from neckline at 1985 area and candle closing below indicate that bearish are active
After unrealistic rally after svb bank news , price action now tend's to cool down
For going further up Gold need's to gather some liquidity
Price targeting 1951 area in 1hr TF
USDJPY Head And Sholders Idea On Daily Chart For 10X Return!!!I have a 10x return short trade idea. Can you wating 6 mounth for this? :)
Additional short ideaHi Traders
Before continuing reading, please check out my first Bitcoin short idea. This scenario builds on that idea.
Bitcoin has been consolidating high for the past week, yet markets are filled with bearish news. After our first rejection of the 28500 resistance area, Bitcoin looks set to move lower. If you missed the entry on 28500, here is my game plan to find another possible entry somewhere around 28k.
Here is my Game Plan:
- Bitcoin needs to consolidate further
- Touch on the 28k area is needed for this setup to be activated
- Clear rejection of 28k, if we push above 28k we might be moving higher, so I will be looking for an entry in the 27.9k area
- Entry at a clear break of the trendline
- Price movement needs to be erratic to the downside
Please make sure to follow me on Tradingview for future setups.
Have a fantastic day legends.
Best
CH
ACHUSDT 1HRACH Seems to be started forming a downtrend, formed a large candle to downside. you Can Open Short Positions Targets are given in Charts.
Not a Financial Advice
DYOR.
Going down to fib levels .5 or .618I believe the Spx is going to continue down. I list fib levels that it can go up to from yesterdays drop before it goes down to at least .5 fib of the current wave.
BTC Short 1:11I'm seeing a lot of resistance, and ascending wedge and possible H&S. TP point for the short are on the chart.
NVDA SHORT!! HIGH Probability Retrace to $200NVDA has been on a tear higher lately as has all of Tech despite the Banking failures. It seems everyone thinks Tech will outperfrom with lower yields. What people are failing to realize is that Lower yields are a sign of a flight to safety in BONDS and this implies a POOR Economic outlook. One of the 1st sectors to get his hard in a recession is TECH.
Here NVDA is up against MAJOR Resistance on multiple time frames and notice all of those resistance lines converge between $255-$270.
Several Broken trendlines are shown and notice that price has retraced to the "scene of the crime". Now Broken Support of those trendlines become a test of Resistance. With TL resist and Horizontal Resist all in this area this is a great area to SELL into the rally.
SHORT NVDA at anything > $257.
ADD To shorts up to $270 level.
Max position is 10-11%% Capital in trade.
This risks 1% if a CLOSE > SL = $280.16.
Downside Target Price ~$200.
2.49 Reward:Risk Ratio
Trade what you see!!
[Part II] The the incomming Capitulation for the SPYA bit of a summary of the first part of this chapter.
The SPY has been trending upwards since the beginning of time.
I believe the time has come for this bubble to burst mainly because of Elliot Wave Theory that coincides with the catastrophic macro economic environment.
Looks bearish on macro scale and daily charts presenting bearish divergences.
SPY could still trend upwards and go to the resistances stated above and accumulate more bearish divergences.
My bias will change if weekly chart presents bullish divergence on the Elliot Wave Indicator (higher low in price with accumulation).
Today
My bias HASN'T changed since there hasn't been a higher low in price with an accummulation on the EWI.
The price action of the last couple of months has been side ways action on the upper part of the range, which to me sounds much like a DISTRIBUTION.
This distribution coincides with the corrective part of the Elliot Wave it is currently at.
Today, SPY has lost momentum on the weekly chart, which means on the lower timeframes, price will try to be pushed upwards with more bearish divergences but it won't be sustainable and the unstoppable scenario of the Incomming Capitulation will be here.
Weekly 200MA trending upwards at $372
Fibonacci extension 0.786 level at 314
Fibonacci extension 1 level at $286
Fibonacci extensions 1.382-1.618 at $204-$244 (big support and bottom of bear market)
Bitcoin Shorting IdeaGood evening Traders,
We had a wild week in legacy markets but also in crypto. With Bitcoin setting new highs, Gold above 2000 USD/oz, we seem to have a steep bullish sentiment of "store of value" assets. This move on both assets is an opportunity, what you need is a plan, a plan that helps you profit.
Here is my Game Plan:
- Bitcoin needs to push into box between 28500 and 29500
- We need to see some price consolidation
- No big spikes above 30k (otherwise idea is rejected)
- Drop right onto 28500
- Further consolidation needed
- Once we break below 28500, trade is activated and I will be looking to short
- Short when Bitcoin breaks 28300 clearly
Hope this helps, but make sure to watch the video to understand the idea.
Leave me a follow if you enjoy my content!
Best
TraderCH
WAIT FOR A RETRACEMENTWith a Monthly and Weekly bearish trend, the ideal is to go bearish on the lower time frame. And on the 4H there is a supply area the coincides with the 78.6 Fib. With the 3 time frame in sync, if price can come to that area then for me it is a good short position
This is not a financial advice, and make sure to calculate your risk before taking any trade
Just be patient.With the weekly and Daily Tf in Sync (Bearish), we might see the formation of the head and shoulders to put the 1H also in sync with the higher time frames.
This is not a trading or financial advice and also, make a good use of risk management and let it run.
BTC , SEE YOU ON MARCH 24I WILL NOT CHANGE THIS CHART. See you on MARCH 24 with the chart. That is after the day of FOMC MEETING on March 23.
As a DAY TRADER you will ALWAYS have to adjust and expand/compress your TRENDLINES to get an ACCURATE TREND LINE.
A little ADJUSTMENT to my previous BTC CHART. Even though BTC broke down from previous post's RISING WEDGE and still trading below it, which haven't invalidated yet , but still I BELIEVE this TRENDLINE is better than the previous one. My Short area stays still the same.
Use proper position sizing. Start building your shorts. I have mines open already and I have over 100k$ liquidity. Because ALWAYS follow 1% rule.
NEVER USE MORE THAN 1% OF YOUR TOTAL PORTFOLIO PER TRADE.
You DO NOT have to get that ONE PERFECT TRADE where you entered at the perfect spot and took profit at the ideal breakout point.
All you HAVE TO DO is , being CONSISTENT. Always earning small profits , minimizing risk to the lowest. RISK MANAGEMENT is the MAIN KEY for DAY TRADERS.
You DO NOT have to be PERFECT. TRY to be CONSISTENTLY IN PROFIT while taking the MINIMIZEABLE RISK.
Do not try to TIME the market. DO NOT SHOW EGO WITH THE MARKET. THE MARKET WILL CRASH YOU. Be consistent,
#BTC #daytrading #cryptotrading #Cryptocurrency #bitcoin
