As I was doing my last analysis around Fibonacci, I discovered this trend line on the logarithmic chart that played a dominant role in the support of Bitcoin during it's last bull run.
See my fibonacci analysis here showing a strong resistance at the trend line I highlighted here....
One day Bitcoin is breaking out for the next leg higher, and the bull run has begun, two days later, the sky is falling, sell now and buy lower. You have to be kidding. The best was one group I follow on Facebook as a sentiment indicator, who sold recently and is posting "where are you adding next, I have my levels, where are yours?" Ohh brother. You think the...
Hey guys this is very risky call for short, but the risk/reward ratio look good for it with risk of less than 2% of our capital to gain if play out almost 22%.
Spotted potential BAT pattern just like before and I believe this will likely play out.
Note the stop loss level, and remember to acknowledge it if price go other way.
Green lines are for the profit...
The 1D MA50/ MA200 Cross (Golden Cross) is about to take place and you are still wondering how to trade it?
Well the last time that happened in July 2015 following the previous bear cycle's bottom, Bitcoin pulled back by around -35%. Then the price rebounded towards a Death Cross (1D MA200/ MA50) that made it consolidate before a new (and final) Golden Cross that...
GBPUSD is losing now.
Actually, it start to sideways after breaking through the weekly blue channel.
And the 1st DOJI after the channel is a start for the new dropping swing.
And now its giving us a floating profit on our valid signal. The maximum pips could be 400 pips to hunt.
LESS IS MORE!
If you want to be bearish in this bullish market, you should have some reasons for this. Let me help you to support your position providing bearish signals one by one.
What if the market forms a double top? This chart pattern belongs to a reversal group of patterns and it can confirm a trend reversal or a correction as a "light version".
The double top will be...
I see a lot of other posts detailing how bitcoin is going to fall back down to this $4500 level right away. But that formation really tells a different story. Could it happen? Absolutely. But check out that formation. I don't see a double top or exhausted sellers, I see slow steady buying slowly pushing higher while the sellers are exhausted. An ascending triangle...
Using FIB circles and pitchforks I give a time frame when I think our next drop in bitcoin will happen. I still believe we will drop 65%, this video just gives us a rough estimate when we can expect this drop in the price of BTC.
I am on YouTube as: OPTICALARTdotCOM
For a walk through of this chart, search on YouTube for: Date bitcoin will drop 65%
The Weekly S+P 500 Chart
shown here for the purposes of illustration,
shows price has risen almost as far as it possibly can,
in the current ascending wedge pattern.
Next, will come a sizable price breakout.
The technical expectation of the ascending wedge
is for an ultimate sharp break to the downside.
I will tell you that if that were to occur,
Looking at the daily chart we can see that wave 4 has been completed and now we are beginning to ascend toward perspective targets.
Details on the chart.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky....
Bears failed to push this below Wednesday's low. Longs bought the dip. chart is forming a massive cup and handle .
volumebot.com ----- between 50 and 70 percent short between march 22 and april 19. meaning a lot of these shorts have averages under 1.50. they're currently down over 80%. longs don't even need to buy the dip, the shorts will cut...
Atm XRPUSD is weak. It has already been rejected by MM 200 multiple times and MACD does not show any reversal signal: still, its price action is unpredictable. Given its tendency to unleash energy suddenly, it could be a long term buy opportunity. Beware: XRP is characterized by extreme retracement. If you are looking for short term trading, it would be better to...
on bitcoin we have very nice potential selling opportunity:
on 4H chart we have almost completed bearish harmonic bat pattern.
Looking left we see that the pattern completion point matches perfectly with
a significant level of structure resistance looking left.
+RSI shows clear divergence.
on 1H chart we...
We keep seeling pullbacks of XAUUSD.
Critical Support has been broken.
I will publish a detailed Gold Report. Prior to my report, below D1 and Weekly Charts.
Have a nice weekend.!
Momentum is slowing down as we approach ath and it looks price could reverse soon.
Tech stocks: The FAANG bubble popped. We are at a prime area for return to normal bull run to top.
Expect disapointing earnings fueling a selloff. Even if they are good we selloff anyway probably...