Oil is severily oversold, the news on the fundamental side is also fairly negative. Seems like a ripe opportunity for a bounce. Yet I don't believe oil will be going any higher than the expected bounce anytime soon.
Setting up short orders at 0.576 with a very tight stop, potential quick retrace to 0.38. A trade with a risk reward of 83 to 1 if initiated.
On the chart above I've displayed what IMHO are the odds that price will the reach the specified median lines. There's a strong uptrend support at the 50% line. The range below 50% line has been consolidated troughout 2014-2017. The range above the 50% line has yet to be consolidated. Also this bull market extended the price range by 2 levels, coincidently the...
Been waiting for this moment so long. Finally reached the meadian line. Buying with a stop below somewhere this line. I'll update later. But for this correction to be fully over i'd be more comfortable for the price to break below this line somewhat
Refer to chart. Haven't aqquired the target to end short. Will post soon
Refer to chart. All I have to say this is a high probability event.
One could start opening short positions here. Personally I'm waiting for around 76-77ish. Correction could go to high 50's low 60's. The resistance zone is encircled in the orange bubbles
Hey everyone. Bitcoin price action is telling me we could still reach up to around 10.5 k on this bounce. But it could be subdued now (not likely) or somewhere midway at around 9.6k. Anyhow the downtrend channel is established and I can't see any way for the bearmarket to be over until we breakout from the last high downtrend line. Which at this time is at around...
One more washout is plausible that would take BTC to around 6k. Either way a significant bounce to the upside is looming around very close.
Dollar is really trying to stay upfloat and breakout it's resistance zone (The blue line). It may well happen for a while, since on the weekly charts it's oversold, and still has room to go on the daily. But at the end of the day I have little doubt that the bigger trend remains bearish.
Short term trade idea. I have sell order setup at 420. I don't think it's getting filled but just in case my stop is around 423. Sure thing stop should be around 426
Many of you may have heard of a mystery buyer that added 400 million worth of BTC at the last dip in february. Well he's at it again. Adding 15k bitcoin to his wallet over the past 3 days... Wallet address: 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 You can check it up blockchain.info
Exactly opposite of what's happening with the Dollar. Gold is clinging to it's downtrend channel upper slopes. Fighting the dollar on every move. This has been very exhaustive for both assets. Yet the technicals are in the dollars camp for now. Gold should give us one last buying opportunity.
Had this level in my targets for a while. Buying here for a potential short term bounce to 13-14k
This could be the last stand for this market. expecting volatility from now on.
For the last couple of months gold's been trading in a range frustating for both the longs and the shorts with no real movement in either way. Yet the bears seem to be winning this fight for now. Gold is still following it's downward channel even though it broke it's median line but didn't stay above it for long. Ideally I'd like for gold go down to about 1190 to...