MRF seems to be correcting and this could be a bear flag continuation of the fall. R:R is good for short here. but will wait for the breakout of flag.
USD/CAD SHORT selling Trading Setup For swing and day Trading. You can Also set own Risk Reward Ratio. Warning- This idea only For Education Purpose Only, Trade Own Risk
Typically after a flag or pennant breaks a rally sets up to retrace the breakdown and is rejected from lower trendline. Extreme bearishness is prevalent. Expect Christmas Crash. Sorry Santa! Just an idea, not investment advice, GLTA!
The pair is forming a bearish flag pattern following a steep down movement on the 11th of December.. a break of the swing low will lead to a price target below 1.13 (1.126 and 1.12 in extension)
Retesting previous trendline, then continuing downtrend.
Chart says all. Gaps tend to get filled. After that... hmmm. Trade at your own risk this isn't advice, just a half-baked idea...
Bitcoin currently forming a rising wedge and showing strong hidden bearish divergence on the 4H MFI. If the larger formation is a broadening wedge, then we have already touched resistance twice and should be making a move towards our most recent trend line support which has been holding since 1 December. This is also a 20.75% drop from the 4 December high and...
Bitcoin did something crazy last night, almost managing to rise 500 points in an hour. This move got pushed down, but it showed something imporant - market was (at least temporarily) highly oversold. This caused a lot of overleveraged shorts to be liquidated, adding more fuel to fire. This move made a great deal of sense, too. The number of shorts has explosively...
Twain observed in Pudd'nhead Wilson; "October. This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August, and February." How about a December crash? If this model plays out Santa will by cryin'. Notice rejection this week at TL. Downtrend continues....
I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1...
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Pretty nice bear flag forming on the one hour BTCUSD chart. Bull flag failed yesterday so we shall see if this one plays out.
After breaking out from the $4k resistance, I mentioned in my previous post that I had lost confidence in a full wave up to my $4600 target since we had that hidden bearish divergence on the 4H. There was also a slight resemblance to the fractal on 25/26 November when the bull flag failed and headed down to print a higher low at $3684. We've now printed a higher...
JW if this 3-day rally is another fakeout, has earmarks of a bear flag rally, very hard to call a bottom yet, consolidating, fluctuating. Trading at area where price has provoked bear reaction, the EW model suggests we might expect retest of lows, and possibly a lower low. Filling the gap down from 249 was expected, top of the gap = pivot & resistance; breakout...
I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1...
I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1...
There has been gradually declining volume since bitcoin started the bounce routine so in the short term, I don't expect price to rise beyond the $4770 (618 fib) - $4900 (786 fib) resistance area which coincides with the resistance of the ascending channel which price has been respecting since the start of the recent bounces a couple of days ago and which is busy...