A lot of violence going on the past few hours, where the bears took over with a lot of volume. During the last few moves up, the volume dropped slightly, so now it has become clear that the bears were exhausting the bulls and attacked when the buying volume was decreasing since the past few candles on the left.
Glad i gave a small warning on the Alt's and Bitcoin...
It’s time to discuss with you a very interesting topic. If you clicked on this post expecting to read my review for the master of the charts, the professor, the legend, the king - probably you will be disappointed. I would like to talk with you about the REAL Magic. The Magic in Trading!
You want to know the future when you try to predict possible market...
Bitcoin will start to drop now (retrace).
We are aiming at fib. 0.618 ($3810) and 0.786 ($3750) as support.
This retrace can take several days and we will have to see it play out to know if Bitcoin will bounce or will continue to go lower. The fact that the last high wasn't broken is a bit telling.
Anyways, this is just a quick reminder.
We are trading XBT...
This study utilizes the bands on the NMACD indicator with the purpose of determining Bitcoin's price stability.
We see that the narrower NMACD gets, the more stable the price of BTCUSD becomes. Also the distance from bottom to top (bull market) gets longer each time. This suggests that Bitcoin does indeed follow the fine parabolic parameters and at some point...
EURCAD is approaching its resistance at 1.5218 (61.8% Fibonacci extension, 50% Fibonacci retrcement, horizontal swing high resistance) where it is could reverse down to its support at 1.5047 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal is expected.
As said in my previous analysis - something looks suspicious on the BTC chart. Is this a calm before the storm? Do find it out, I make a deeper analysis on the different timeframes (TF) and let's see what conclusion we can get.
Let's start on the DAILY chart:
If yesterday there was nothing which confirms bearish price action then today is definitely different....
NZDCAD is approaching our first resistance at 0.9236 (horizontal swing high resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur below this level to our major support at 0.9074 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where...
Hello my dear subscribers!
Today I would like to share with you an idea that I see for the next five years, based on the trend, formed since 2011 (unfortunately I did not find an earlier chart).
As we see, two trend lines will cross in the coming months at the level of $1700-2200. For this reason, I have been telling you about the bottom at this level for about...
USDJPY is no way on my buying list.
The uptrend line is broken for sellers.
The pressure line is still valid for sellers.
The three bottom supports are waiting for sellers.
Good luck, buyers.
LESS IS MORE!
ETHUSD is approaching our first support at 133.92 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur to our major resistance at 147.94 (horizontal swing high resistance, 50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in...
Signal ID: 64448
Time Issued: Thursday, 21 March 2019 04:00:20 GMT
Entry: 1.59557 - 1.60031
Stop Loss: 1.58846
The Tidal Shift Strategy has just bought EURAUD at 1.59794. The system recommends entering this trade at any price between 1.59557 and 1.60031. The signal was issued because our Speculative Sentiment Index has hit its most extreme...
French and German PMI readings disappoint as Bunds rally. French preliminary PMI readings for March came in much weaker than expected, with the manufacturing number falling back to just 49.8 from 51.5 and the services reading to 48.7 from 50.2. Both readings are now in contraction territory. The German manufacturing reading fell back to just 44.7 from 47.6, which...