BTC has closed a daily candle below the short term 20 day MA, this suggests that in the short term bulls are taking a step back... If we use a Fibonacci retracement from the lows of 2020 we see that they match up perfectly with the 20 Week MA (Bull market support) and the local lows (16.3k). These are my next targets if we do not see a rapid bullish buy up above...
xrp bulls and bears fighting it out at the descending channel limit green or red? interesting point of validation of confirmation
weekly price action on zil suggests an attempted break out macd showing positive histogram and signal line crossover NFA
Nike is a safe stock to bet on if you are an options swing trader like myself. It has just hit resistance on the 45min while the MACD shows an upward trend and increase in bull strength. We are in a bull market and calls are much safer than puts for any stock. I have lost a lot of money on puts, even on stocks with the highest RSI and strongest sell signals...
looks and smells like a break out volume increasing not financial advice
The market reaction to the latest movements was awesome. It crashed at the speed of light and started to recover at almost the same speed. To me this is a signal of a bull market still ongoing and we can't miss the opportunity of buying low to sell high. Of course all depends on a person's perspective, I am not a day trader, I prefer to see the long term picture...
Bitcoin has gone up 380% since the #covid19 #Pandemic flash crash and has risen 85% since our last long term correction. I think #paypal entering the market has caused this overextended run in the past 2 month. The last three short term corrections were all around 18-20%. I expect a similar correction back to 14-15k price range, we should then consolidate and...
I think it is likely xrp will break over .75 today trend is too strong NFA
Hi Traders! Are altcoins in the bull market? Is Litecoin in the bull market? You have probably noticed a significant rise in the prices of cryptocurrencies in recent days. It's not just about Bitcoin anymore, but Litecoin, Ethereum, Dash, and others have gradually started to grow. Is this the right time to buy, or are we waiting for a decline? Let's have a...
that may be the last time verge is under .006 breaking quickly of 18 MA high/low channel and long term support .006 what is next for xvg?
the weekly price action is strong it may be that it only takes one or two candles to take out the ATH possible, scenario is that xrp does not experience any significant retrace until reaching the ATH a trace back to the .50 fib level is possible depending on the strength of the buying we could also sail past the ATH and retest good luck in your trading I am...
If Bitcoin continues to hold this neckline from the inverse head n shoulders. We are going to ath this week. In a short term bubble be prepared for a dump if we start to break down
Looks like we are headed towards the major resistance of 13.9 -14.2 K area. We should hit 14k and have a healthy correction before moving towards all time highs. Remember, we are finally in a bull market! Don't let shorter time frames and healthy corrections scare you out of the market. Don't over leverage, ride the wave up to all time highs and enjoy the gains!
If we look at what bitcoin has done in past we can say that a correction would not be out of place. If we would continu the uptrend I think we will hit the 15120 level and definitely get a fast wick down.
Last time we did 8 green on monthly chart we saw First 8 buy = 6700% Second 8 buy = 4500% Third 8 buy = 500%? 70k or even more.
Even if gold crash it will hold 200 day SMA (white line). In Gold we Trust ! Disclaimer : This is not a financial advice.
Chainlink has been beating the whole market. Hard. I feel like not many people really understand and see that outside of the Chainlink Community. Going by last 3 year performance, 2 year performance or since last cycle bottom with BTC at $3200 and ETH at $85. Chainlink has seen the greatest increase in price. Slow and steady over the whole time. Red+Green...
For the past 9 years the S&P 500 has not been able to live outside of this channel for long, eventually it's pulled back inside like a metal to a magnet. Zooming out and viewing from a macro scale I would say we are going to revisit the channel soon possibly after the next leg up around the election or shortly after..