On the 1 day chart, Bitcoin is now below the 200 and the 233 EMA . (yellow and orange)
The 20 SMA (pink) has met the consolidation triangle at the top of the current candle. Usually the price of bitcoin follows the 20 SMA closely if you look at the past price action.
Yesterday we had a bearish engulfing candle.
With the combination of these things, I would...
First of all please get this technical analysis to 30+ likes to unlock tomorrow's alpha post 👍
Good afternoon traders, we have a possible bearish engulfing candle on the 4 hour and will confirm if we close below $36,200 (ish) so watch out for the next hours to come as we head into the daily close and weekend.
Could be a messy weekend if my bias towards the...
I’ve been monitoring GME the last few days. I noticed a bearish engulfing pattern appear on the daily chart this Friday indicating a possible move downward. Was lucky to catch it on the way up last week for gains of >500% so I’m working w/ profits on my current position. Clearly a volatile situation, good luck to all.
Hello traders and investors! Let’s see how Tesla is doing today!
First, in the 1h chart, we see that it is trading inside a short-term congestion , between the red lines. Today, Tesla just retested the upper line, and it seems it won’t break it right now. In fact, it is doing a bearish engulfing.
The 21 ema is useless during congestions, so it is not a...
W1 : Last week price action triggered a BEARISH ENGULFING PATTERN !
Interesting to note that lowest seen was 51'541, close to the 38.2% Fib ret
@ 51106.
Of course, such kind of bearish candlesticks, should be, in this W1 time frame,
confirmed on a closing basis at the end of this week !
Nevertheless, the fact that we get out of the uptrend channel is one of the...
A potential trend reversal trade might be in place. Having a break and close below the buy zone(turned to consolidation zone) is the 1st clue for a shorting opportunity. Market retraces and touches the red line without closing above the red line is the 2nd clue, the red line act as a Key Resistance Level, DM me if you don't understand. If the 8am(+3UTC) close as a...
Hello traders and investors! Let’s talk about GE again!
As we discussed in our last study, GE reacted quickly and denied the bearish pattern seen in the hourly chart of an Island Reversal , and it filled its gap. As usual, we have some congestion now, but only after it stressed the 21 ema in the daily chart. Also, if you missed my previous analysis on GE, the...
Hello traders and investors! Let’s talk about ZOM today! It’s been a while since my last analysis, so we have some points to update. And if you missed my last public analysis, the link to it is below, as usual.
First, ZOM reversed the short-term bull trend that we discussed in our last study, shortly after a breakout of a key point at $ 2.34. Now the trend is...
D1 : Recent price action is showing a trend reversal in progress.
Indeed, last Friday a "doji" (uncertainty and indecision) took place which
has been followed yesterday by a bearish engulfing pattern !
Today's ongoing price action continue to move to the downside.
Watch carefully the Tenkan-Sen or Conversion Line, currently @ 1.6140
as the first important support...
D1 : After having reached the triangle formation target of 58058 and making an intraday high yesterday @ 58155
profit taking pushed down the BTC towards a low so far of 56632.
Looking at the global picture in D1, we can see a potential double top formation in progress (58354 & 58155).
Usually, the second top should be higher than the first one...
H1 : Recent price action triggered a triple top formation coupled with bearish divergences !!!
Bearish engulfing pattern, confirmed by another long black candle pushed BTC down, breaking
on its way the former uptrend support line in moving down below Tenkan-Sen, Kijun-Sen and Mid Bollinger Band.
Next short term support is now @ 52650 former...
H4 : After the strong triangle breakout and as expected BTC lost momentum and last candle triggered a bearish engulfing pattern.
For the time being, the first support (Tenkan-Sen) hold; nevertheless, technical indicators are switching from the sideways to the
downside which may be the first signal (s) of a short term trend reversal.
A...
Hello traders and investors! Let’s talk about MSFT today! The volatility increased a lot recently, so, let’s see the daily chart first, followed by the weekly chart.
Yes, MSFT is doing a correction right now, which is fine, considering it performed very well a few weeks ago. In fact, MSFT did a Bearish Engulfing , just after it retested the 21 ema, and this made...
