Seems like we between the pivot range.
We also have a higher low
And right now price is at bear territory, which means BULL whale might hunt them while they "comfy"
But all of this doesn't matter so much because the market will do what you will NOT.
unless you know what you do.
I'm bearish for now, but I might be wrong.
because of this 15min...
I reported earlier in the month that A2 Milk was showing a good formation of a head and shoulders pattern.
This week we had a confirmed breakout of the neckline, here is my complete analysis.
Price has fallen and closed below 30EMA (weekly).
Price has fallen and closed below 200EMA (daily).
CCI indicator(daily) is reading 222, which is a sign of strength to...
Bitcoin’s Bullish Pennant — The Symmetrical Triangle
To understand the relevance and importance of the triangle pattern that exists on Bitcoin’s chart, we need to first understand the behavior of that triangle itself. There are a number of triangle patterns that can be identified in technical analysis. The most well-known are symmetrical, ascending and descending...
Interesting correlation here between ETHBTC and XRPBTC. This same pattern can be seen on many alts atm, including LINKUSD, and BATBTC.
For link specifically, the question is whether there's further gains on the horizon.
Refer to my first post shared below for my opinion on LINKBTC. Second post for reliable LINKUSD pitchfork. Third, BATBTC and fourth, my outlook...
Another chart today worth having a look, LTCBTC Inverse head and shoulders break!
Points to consider,
- Trend coming out of bear market
- Broke resistance and neckline
- Increasing bull volume
- RSI in overbought territory
- Stochs in upper region
- EMA’s holding price support
- Perfect respect of the 1.414 Fibonacci extension
Update on recent BTC developments!,
New potential formations on the chart, Hourly Inverse Head and Shoulders!
Points to consider,
- Potential Inverse head and shoulders
- Trend is currently consolidating
- .618 Fibonacci acted as support
- Price testing neckline
- Potential Triple top if price meets calculated target
- RSI respecting up...
Here's a nice Cup & Handle Pattern that deserves to be considered for our operation.
Breakout at the resistance level, we will follow the trend if it is on our side, otherwise we will be thrown out and wait for more opportunities.
Xrp now following a "reserval" pattern, with ascending triangle... this will take some time, or maybe this time is not different? we will see.
BTW looking divergence H1 chart help finding entry and earn some profit with leverage.
Another good entry is around 2500 sats.
If you're interest in my indicator "Lady BTC...
We do not short Netflix because we really like the fundamentals of this company, although it is not yet profitable in their financials until it reaches a certain number of subscribers that is approaching as the company goal, and that grows steadily.
The business model has destroyed many competitors (Blockbuster above all) and is an exceptional platform...
GOLD is trading inside a long-term ascending channel (in green)
Price was making higher highs and higher lows (in purple)
until price formed a double top pattern (in orange) around 1550 level which acts as a strong resistance and round number
price then broke the double top neckline downward breaking the last low as well giving us an early alert that the uptrend...
As shown in the chart, we are testing a heavy resistance tested multiple times.
Technical indicators are showing mostly consolidation.
If I were thinking of getting into a position, I would wait. If I had Alibaba stock, I would strongly consider taking profits (selling 50% +)
Obviously breaking this resistance would be an important step towards a strong uptrend.
Monthly closed at-last, and to me it looks bearish.. but I already showed why on monthly I see same bearish (Correction) patterns like from previous parabolic run:
Today I wanted to zoom in to weekly and show you why I see same bearish (Correction) patterns:
1. Just like in any market, when fear holding their assets they...
The National Bank of Ukraine lowered its benchmark interest rate by 50 bps to 17 percent on July 18th of 2019, surprising markets who expected a 25bps reduction. It was the second rate cut this year, bringing borrowing costs to its lowest since June of 2018 and in line with reaching inflation target of 5%. Now price is 25.40 against USD. pattern wedge, which...