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Warrenbuffet

BTC "The King" May Correct Following Historical FUD Patterns...While everybody is sure that the bleeding has stopped following the FUD news in the media, I am taking a further look back in history where we have seen these cards play out before. Now, before you consider that I am hoping Bitcoin to fall, I simply am not. Bitcoin has had a MASSIVE bull run over the year, particularly in Dec-17, and there has been many "healthy corrections" that have followed - this isn't something new! Overall, I am very bullish that Bitcoin will reach ATH soon over this year and we have not entered a Bear Market. But, what I am speculating is that BTC has broken out of its uptrend channel and is looking rather fragile. At the same time, altcoin markets have had a lot of coin pumped into it, and there are very few undervalued cryptos out on the market IMO. So, with the fact that we are beginning to get alot of FUD news thrown the past week, along with today's bleed, I am looking at the 50, 100, and 200 Day Moving Averages to be sure (incase of a bad scenario). At the moment we are sitting on the 50 Day. Should there be more unwarranted news then I believe the 100 Day will be our most likely case, following a very quick bounce up. In a very unlikely case, the 200 Day perfectly aligns with the last dips we have had with the recent two cycles (shown in the blue trendline). Ultimately, I would see that it depends now whether we close the Day above or below the 50 Day. What are your thoughts? Are you bullish Bitcoin and Altcoins will continue to break new highs? Is there any FUD news you think could swing the price of Bitcoin? Are there more precise indicators that show bullish signals? Let me know in the comments below. PLEASE NOTE: Consider all trades with caution and only invest what you can afford to lose as cryptocurrency is highly unpredictable. Take profits and Invest in yourself. You can afford it, trust me. This is not Investment advice! SOURCE: www.reuters.com www.reuters.com www.reuters.com www.reuters.com Namaste!
BITSTAMP:BTCUSDShort
by Benjiman7953
1
Look Where You LEAP!SPX 500 Hit some interesting zones today, didnt exactly follow my projected path to the T, never the less it hit the 79% Retracement Zone and reversed so sharply. This can also be a possible false move downward so I'm neutral and waiting for confirmation. The general market does look quite weak at the moment. PNRA hype seemed to have subsided and bigger Investors used the optimism to offload positions to dumb money today. i'm looking for a gap upandma maybe another push to the 88.6% Zone. However, feel free to think about shorting when bullish momentum proves to be dying.
FX:SPX500
by TrevaughnSmith
GOLD 60 DOUBLE TOP 2618 TRADEHi guys, Here, I am looking for a reversal. The market was in a nice bullish move but this double top has now occurred. There is already a break at the bottom of the double top so I am now looking for a pullback at the 61.8 retracement level to give myself that extra bit of confirmation. I will have a sell limit in place at that level. This trade is known as the 2618 trade. My stop loss will go above the double top and that level has also held good resistance in the past. My first target will be at the low of the break and my second target will be at the next support/resistance level. IF the first target is hit, I will take off half of the position and move the stop loss to break-even for the second half of the trade, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 16 points x 2 = 32 points Reward #1: 16 points. R:R = 1:1 Reward #2: 26 points. R;R = 1:1.6
FX:XAUUSDShort
by Krunal.Patel
USDCAD 4H Bearish CYPHER PATTERN @ 1.2870Hi Guys, This is a bearish CYPHER pattern @ 1.2870 and stop loss will be placed above the X leg which is used as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 150 pips x 2 = 300 pips Reward #1: 160 pips. R:R = 1:1.05 Reward #2: 255 pips. R:R = 1:1.70 Plan your trade... Trade your plan.
Short
by Krunal.Patel
AUDUSD 60 Bearish BAT PATTERN @ 0.7740Hi guys, I thought I would share a pattern I am most fond of, the BAT pattern . I admire this setup because it mainly follows the overall trend and takes into account major support and resistance levels. As a strong believer in economics and harmonics, I believe this pattern gives 2 things which most traders strive for: 1) Good risk-to-reward and 2) Good win percentage %. Back to the trade idea, it is a bearish BAT pattern @ 0.7740 in which i would have a sell limit in place and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade. Thank you for your support. Trade Numbers: Risk: 50 pips x 2 = 100 pips Reward #1: 73 pips. R:R = 1:1.5 Reward #2: 120 pips. R:R = 1:2.4 Plan your trade... Trade your plan.
Short
by Krunal.Patel