Hi friends! Welcome to this update analysis on Bitcoin! Today, we're going to assess a comparison between the breakout above the 200 EMA in 2015, and the breakout above the 200 EMA on the current chart. Let's get right to it!
On the left side of your screen is the current daily chart, and on the right, I have the daily chart of 2015s bottoming sequence. Looking...
"Bitcoin is a short! It's going back to 3500!!! Go to Bitmex and leverage everything you own right now!". Sound familiar? If you have been on the internet since Bitcoin's first attempt to retrace off the 5400 high, it should sound very familiar. It is the general consensus among the herd. In fact I have seen this sentiment posted on my comment forums regularly....
Morning Notes 04/22/19 Sentiment Timing
Trading Environment-Short Term: Current Environment-Neutral/Bearish
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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....
As short interest continues to rise, the price of Bitcoin has not moved much and remains in a tight range at a major resistance level. Often traders "blame the whales" for taking them out of trades, but here we have a distinct sign that there may be some Whale activity.
We actually have written many articles on how larger operators look to manipulate markets. ...
I promised a BitTorrent (BTTBTC) full trade for all of my great Trading View readers, supporters and followers, and I will have this trade ready for you on our next BitTorrent post, but first I'll be sharing an update as requested by many of you.
Let's get started... BTTBTC:
ZERO VOLUME. The most important detail to look at is the volume. We have zero volume...
EURJPY is approaching its support at 125.58 (61.8% & 38.2% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 126.19 (Horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 3.9% where a corresponding bounce could occur.
Bitcoin continues to show signs of strength.
The Short positions at Bitfinex are now higher than those that preceded the breakout which took us from 4-5k
The Long positions at Bitfinex are now the same as those that preceded the breakout which took us from 4-5k
Bitcoin continues to grind up, without sign of there being any leveraged positions being taken up...
GBPCHF /H1 / Technical Chart
if it will break and close the Lower line of the wedge pattern, it will move to the support zone
Trade will cancel manully if it will break and close above the red resistance zone
Wish you many pips
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If you have another analysis at this pair, please share in...
The Breakout Opportunities system has just bought USDJPY at 111.975. The system recommends entering this trade at any price between 111.939 and 112.105. The signal was issued because the USDJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.559, suggesting that the USDJPY may have further to rise. A stop loss has been set at the...
The dumps are coming.
Bitcoin has only one thing left going for it: the halving In May 2019. Post-halving, there is nothing holding the dumps back.
Coinbase, the most bullish bitcoin company to ever exist, is now betting that Bitcoin Cash will overtake Bitcoin in the near future.
BTCUSD is approaching our first resistance at 5855.2 (horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur to our major support at 4562.6 (50% Fibonacci retracement). Stochastic is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so...
The market forms a new swing high lower than the previous one. It's not good for bulls as it's just an additional signal confirming the downward movement. RSI confirms the price reversal. MACD lines and histogram support the downward movement. DMI is bullish but ADX line falls. It tells us about a correction movement.
If the price drops below the local support...
UNDER DOG GOTTA HAVE DIP TO GET THE BONE.
in all honestly just would rather have some rep to post some respectable comments and posts so we all can enjoy the charts
but sometime you gotta do what you gotta do.
XAUUSD is approaching our first support at 1275.34 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1308.70 (horizontal swing high resistance, 50% Fibonacci retracement).
Stochastic is also approaching support where we might see a...
EURCAD is approaching its support at 1.4968 (100% & 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.5054 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at where a corresponding bounce could occur....