Uptrend from the last signal is expected to continue. Awesome Oscillator shows more potential for upside than downside.
PSARS, Awesome Oscillator, and Accelerator lined up for a SELL signal.
NZDUSD goes bullish on daily chart. Trade with caution. Good luck.
Just some TA on the 4hr chart on BTC. I think we will possibly see another bounce from the bottom of this symmetrical triangle with one more push to the top before we break down to 6k and lower. I doubt it will go much lower than 5k for fundamental reasons and I will start buying in the $5200 area and lower. The main reason I'm overall short to 5k is because of...
I have been keeping my eye on the short sellers being at an all time high these last few days. A new ATH was created on April 8th and they have only increased from there. When zooming out you can see that the short selling volume has gone parabolic. That is the type of fuel that we need to turn this market around. If the bulls can get the price above $7,155 then...
Yesterday I had hope that we would get another bounce, mainly due to shorts reaching a new all time high. I was also crossing my fingers for the triangle to give us support and I mentioned that it would get ugly fast if it didn’t. I’m happy to see that we held support and shorts are at a new all time high! Right now we are heading for a retest of the 50 day SMA...
Check the related ideas below to learn more details of my daily plan of AUDUSD. AUDUSD keeps bullish. So trade carefully. Good luck
Is it just me or has XBTUSD turned into "Tron" recently...? Specifically those flying 'horse shoe' looking things the 'bad' guys used.... Anyways checkout it out on the 1 hour candel , 4hr , & 12 hr.... Each is about tho form the 'other half' down candel of the 'TRON' configuration... LMK your thoughts... Plz Its guud to have confirmation that Im not...
Just as things looked to be turning around for the bulls we see a sharp pull back bring us below the 50 day SMA. The Adam & Eve bottom failed to push us above $7,500 and we are back at $6,650 support. It is also retesting the triangle that we broke out of two days ago. If we don’t hold here then things could get ugly quick. Short sellers reached a new ATH today...
Yup checked 4hour chart & Ladies & Gentelemen I apologise hope We all cut losses if there where some to absorb. BUT Def.,, Bullish Now
Over these past couple days the big story has been the short sellers being at an all time high on Bitfinex. Historically we have seen a huge squeeze when the books are the unbalanced and I do not expect this time to be any different. With the overall market being so bearish I am still being extremely cautious and will be waiting on the sidelines for further...
Short and simple update. After breaking up out of the most recent descending wedge on the 4 hr chart, and reaching the projected upward breakout target of that breakout we now have 9 closes above the t line and 3 closes above the 50MA Buy/Sell Line with 10 minutes left in a candle that also looks like it will close above both of those lines as well. Once it does...
I updated yesterday’s post to warn everyone of a upcoming short squeeze. My reasoning was simple: short sellers on Bitfinex were at an all time high. I should have closed out my short upon making that update, when the price was at $6,600. But I stubbornly held onto it and kept a tight stop. That was triggered last night while I was out at the bar and I had to...
Yesterday I remained fully bearish and was watching for a new local at to be created below $6,500. Today I have drawn a massive triangle which illustrates the support level that we have been flirting with over the past couple days. If that breaks down below $6,500 I expect the volume to really pick up from the sellers. I have mentioned that I need to see...
Yesterday I remained fully bearish as we broke down through the longer term bull trend (green dotted line) as well as the $7,000 horizontal support. The lack of capitulation is the #1 reason I am confident this bear market is not over. Before this market reverses we are going to need some serious capitulation where the price drops $1,000+ in a couple hours and...
Yesterday I was sitting on the sidelines and waiting to see what developed. I was keeping my eye on the red dotted line and the 50 day moving average. The bulls needed to support above the moving average and break the bear trend formed by the red dotted line. Unfortunately the bears won that fight and now it looks like we are heading lower. That made a third...
My short sell was stopped out at break even, now I am sitting on the sidelines and waiting to see what develops. I was very surprised to see $7,250 resistance break and do not have a confident prediction in either direction. So I have outlined my bullish and bearish scenarios arguments. Bullish Above 50 day SMA Back above green dotted bull trend line RSI above...
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