Still moving quite stable and inside the 3940/4000 range. Have been moving sideways for more than a week now. Few days ago it seemed like the bulls were planning to break upwards but the volume and conviction fell short and the bears took over and pushed the price down within minutes. During that drop the OI dropped 30/40 mil but very quickly it was increasing...
If we look at the weekly chart, we can see that the price is at important trend lines. We could draw them using different swing highs. That's why I decided to put two trend lines which now form a resistance zone with 4000.00 resistance level.
The price bounced from SMA200 and made an upward movement. We got many small candles telling us that bulls are not so...
From our point of view the trend is bullish, and as often happens, our view is always different from most traders. Most likely we are wrong, but this is our view at the moment, and we think we keep it, even after the bearish leg triggered Friday. Later we will post some updates, if you continue to support us.
Happy Trading to everyone!
If you think this analysis...
GBPJPY is approaching its support at 143.83 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 146.45 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 2.9% where a corresponding bounce could occur.
As said previously in my analysis, the BTC price has drifted between the $3,950-$4,000 level more than 8 days with some small exceptions.
The price has printed a nice consolidation area around the $4k (yellowish box) but it starts to show some weaknesses inside of this box.
First of all, it is below the major counter trendline and if the 4H candle gets a close...
Signal ID: 64533
Time Issued: Monday, 25 March 2019 01:00:16 GMT
Entry: 1.34215 - 1.34539
Stop Loss: 1.33729
The Trend Follower Strategy has just bought USDCAD at 1.34377. The system recommends entering this trade at any price between 1.34215 and 1.34539. The signal was issued because our Speculative Sentiment Index is extremely positive,...
As I expected, we very slowly and weakly ran into resistance and rejected it, once more.
This is it. It is highly likely we are now entering the final phase of denial.
This is probably going to be the week the price sells off. Finally!
We are I believe - this part is speculation and does not impact how we should be trading this - going to fall to the lower line of...
BitTorrent (BTTBTC) continues consolidating with pure sideways action.
When BitTorrent broke the 20 satoshis resistance that was sitting at EMA10 on the 17th March, it didn't gain enough momentum to remain above 22 satoshis. It did hit 23 satoshis but it failed to remain above this level. BTTBTC needed a close above 22 satoshis in order to be able to continue its...
BTCUSD is approaching our first support at 4024.7 (horizontal overlap support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce might occur to our major resistance at 4164.2 (horizontal swing high resistance, 76.4% Fibonacci retracement).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in...
Shorted two orders USDJPY at 110.17
Average Risk/Reward: 2.89
Risk of capital for trade: 1.5%
- Breakout below key support among 110.25-110.35
- 50 days simple moving average breakout
- Broadening rising wedge breakout on the daily chart
USDCAD is approaching our first resistance at 1.3468 (horizontal swing high resistance, 61.8% Fibonacci extension) where a strong drop might occur below this level to our major support at 1.3340 (horizontal pullback support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a...
HISTORY DOESN'T REPEAT ITSELF, HOWEVER THEY ARE OFTEN ALIKE.
Sounds familiar, right? Well, I want to repeat that sentence, as I feel I have to in the current market circumstances.
What's the hardest part to deal with in trading land? Well, social media. When a few people start to become bullish, the whole group is taking over, while there are not many reasons...
RenBtc breakout from falling wedge with potentail Inverse head and shoulder pattern.
Kindly follow the suggested buy zone on the chart and always remember to apply stop loss.
Level to watch for are:
POSSIBLE ENTRY ZONE
Possible Support LEVEL
Do know that I appreciate you taking the time to read my posts and Please leave a LIKE and FOLLOW us for...
SPX reversed off its resistance at 2686 (100% Fibonacci extension , horizontal pullback resistance) where it is expected to drop further to its support at 2743 (23.6% Fibonacci retracement , horizontal overlap support).
Stochastic (89, 5, 3) reversed off its resistance at 95% where a corresponding drop is expected.
Bitcoin update: Since my recent report on here, this market continues to linger at the 4K resistance level. We have written a number of articles and posted numerous charts in our chatrooms, reiterating over and over as to why the best trade right now is no trade at all. It may be common sense to some, but many are still getting caught up in the noise, especially...