In general, short squeeze rallies are always temporarily. Why? Because they are forced and have no real foundation. For the ones who don't understand what a short squeeze rally is (or a long squeeze which is the opposite direction) it's quite simply:
Bitcoin dumped 1000/1500 points a week ago and was hanging around 7000. As we all know, there are a lot of traders...
Hi friends! Welcome to this update analysis on Bitcoin! Let's get right to it! Looking at the daily BTC chart, you can see that Bitcoin is testing the top side of a huge downtrend channel, which it has been trading in for over a year. To those who don't believe that this is a downtrend channel, I can quickly prove that it is, by showing the reactions that BTC has...
There is a 70 % Chance that we will see a Parabolic Bull Run like we saw it 2017 within a month - Not even that: This time it will most likely be even more crazy. Its a fact, that already now, we have been going steeper and faster than before.
1. Price Volume Trend Convergence
2. Bullish Volume Record
3. Global Bullish Market Sentiment (has decreased...
Recently I started mentioning that there are a lot of traders who draw a "Cup with Handle" pattern on Bitcoin. I hate to see it. In this idea, I will try to explain WHY there is NO Cup with Handle on Bitcoin chart, in details.
Straight out the gate, I want to remember you that a Cup with Handle is one of the most difficult and rarest patterns from all existing...
The resistance zone at 8000.00 level holds the price. At the same time, the market forms a double top chart pattern which belongs to the reversal group of patterns. If it is confirmed, when the price breaks the local swing low between these tops, we will get the confirmed trend reversal signal.
Of course, it does not mean that the bullish trend, which we have...
DigiByte (DGBBTC) just woke up after a long, long sleep. This altcoin is one of the first to be created and a complete classic.
It normally holds really strong (no new low) and it tends to go up strong when in bull mode.
Feel free to hit like now and let's get started with this analysis... Thanks a lot for your continued support.
Let's take a closer look at the...
Another analysis and other possible patterns around the $8,000.
You should remember that the last Weekly candle close gave us a 66% probability, over a small sample size, that the price may go to the higher levels. This is our first tiny indications but we need some confirmations do be more secure about that because, as said, the sample size is tiny.
ETHUSD formed symmetrical triangle after umpulse. This means that we will continue to move upwards and the first goal for the eturium I see is $ 280 after $ 300 - this will be a psychological level, I believe that we will quickly reach it. and after that we see the first weak level of 23.8% - $ 400
RSI - start to growing
This support zone is FIBO 0.5 of last upward trend and EXT fibo 2.0 of 1st downward impulse wave.
Now we consider it as the end of 3rd impulse downward wave which could be a new start of 4th corrective wave.
Good luck !
Less is more!
1.11471 - 1.11669 Add to Watch List
Signal ID: 65629
Time Issued: Tuesday, 21 May 2019 19:00:15 GMT
Entry: 1.11471 - 1.11669
Stop Loss: 1.11965
The Tidal Shift Strategy has just sold EURUSD at 1.1157. The system recommends entering this trade at any price between 1.11471 and 1.11669. The signal was issued because our Speculative...
USDCAD is approaching its support at 1.3372 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.3433 (38.2% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 3.2% where a corresponding bounce could occur.
The bulls are trying to get our of this cluster zone we have been stuck in. They needed to and as of now, break above the 2861. Now they need to use that as support to keep things heading higher. The bears need to push price back below 2830 to gain short term control. I remain neutral here and whatever plays out is fine with me-but I do prefer higher before...
The daily range in EURUSD has become so small that trading EURUSD is very difficult. Hence, the best way to trade this pair is wait for a good level before BUYING/SELLING.
EURUSD is still trading in a BEARISH CHANNEL. So the logical approach to trade this pair is to :
1) BUY at the BOTTOM of the CHANNEL around 1.1040-1.0160 with SL below 1.1011. TP at 1.1250...
Before I start, I apologize for my bad English. I use google translator.
In my previous ideas, I showed that bitcoin is not where we think and has not reached its bottom. I think this mainly according to NVT indicator and Fear And Greed index. Look at my previous ideas. In addition, according to the previous cycle, it is too early to bullrun and one more return...
While USD/BRL short term indicators giving clear signal of correction to downside, Coffee touches its horizontal support. Trading at dirt cheap price and taking support, price seems to explode upside for quick trade opportunity. Brazilian real seems to get strength after falling as low as 4.12 against USD yesterday, which will push coffee prices up. Technically...