Today I will show you the biggest Head and Shoulders pattern ever created on Bitcoin and i have two targets which i will approximate because it depends on the time will be hitten. First target: 14-16k Second target 7-9kwhich i think is most likely Thank you , stay safe!
In a severe economic contraction with unemployment above 10% and interest rates above 5% ( mortgage rates above 8%) puts the S&P's probable trough multiple below 10. My projections based off of: the contractions of 1920-1921 & 1929-1933, the current data on manufacturing and services in the USA and around the world, and the money supply. 100-125 earnings per...
The total volume for bitcoin this month on binance BTC/USDT is the largest on record. If we look to cumulative delta volume, we can see the insanely large divergence going into the monthly close. This suggests buyers are stepping in and absorbing a lot of selling volume. Not only that, the CVD has pushed back up above the 20MA. Times of divergence in CVD suggest...
So we gapped down yesterday if you didn't notice. I guess the market didn't like what Powell had to say. But overall, yesterday had a even amount of buyers and sellers. What we're waiting for is the Octobers payroll number that's due to come out an hour before market open. Now, expected is 205k. If this number comes in higher than 205k, the market really isn't...
The DAX30 has once again crossed the 100 day EMA for the third time this year. After the previous two crosses, the index went ahead to lose an average of 15%. The index has already reached a trough of 27.55% this year with each drop weakening and bear exhaustion showing up as evident from MACD divergence. The index has priced in a lot of bad news including the...
With the fed set to continue raising rates through 2022 I do not see a bottom in sight. Presented above I map out the two most possible scenarios in my opinion. The December fed meeting is the most important meeting coming post midterms. The November meeting this week will answer a few short term questions but the real question is do we begin slowing in December?...
Good morning! Well.....yesterday's down day I'm assuming was because of the JOLTS Report. Employment openings for the month totaled 10.72 million. Estimated 9.85 million. So, well above. This is something the FED does not want to see. It doesn't help inflation. But again, everyone wants to hear what J Powell has to say today. What could happen after he speaks and...
Hi I am neutral on APTUSDT. I just want to post this chart. You can see that it could go up/down from here. Their found raising project was unsuccessful and there are negative news. There is a talk about a possible rugpull. I don't know if I can link to google news from here, but do some research if you are interested. Always use risk management when trading.
Hello Traders, - Friday's BSL take out on Monday after price created a GAP that is yet to be filled. - Equal lows have been created that are both the lows of Monday and Tuesday. - The price is still rallying above the open of the week. - The price gap created today is going to be filled before we look for any bearishness in the market this week Good luck💥
Since everyone is expecting for dogecoin to reach its ATH again i am being against everyone and shorting doge. i think 1 cent region is coming next for dogecoin based on fibonacci.
Pinterest Intraday - We look to Sell at 25.99 (stop at 27.91) We are trading within a Bullish Ascending Triangle formation. Neckline resistance 26.00. Resistance could prove difficult to breakdown. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 21.38 and 20.00 Resistance:...
Trade Idea: Selling Dow at market Reasoning : Selling on rejection from supply zone (32200-32500) and a bearish head and shoulders on an intraday basis(although not validated yet) Entry:32048 TP: 31138 SL: 32416 RR: 2.47 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses ....
Interesting stock, Armonic trend, the stock is in obviously bear Market, and it seems will continue in this way. The earnings were below the expectation. The price is continuing its downtrend and the price is using the moving average of the 50 periods as resistance that push down the price. Let's in the coming weeks if the trend will reach the area of attention...
Interesting situation, the stock price is in a bear trend, the price reaches a lower level of the area of attention between the level price 411.15 and 453.29. Leaving a big gap between the close price of the day before. Statistically, the gap price is usually covered in the next sections. the trend looks very symmetrical and looks following the moving average of...
Yesterday, we finished with a nice green Bullish candle ahead of Google and Microsoft's earnings. Shortly afer the bell, Google fell about 6% and Microsoft around 2%. That's not catastrophic in any way, but it will be difficult for the markets to continue to rally without their participation. And that was only two out of the five large tech companies that make up...
Adidas is another company confirming what we laid out some time ago - a trouble brewing during the current earning season, supporting our notion about the stock market progressing in the second stage of the downtrend. That being said, the company reported its quarterly earnings, after which the stock fell approximately 10%. The report highlighted deteriorating...
As we can see on this 1D chart, BTCUSDT can be ready to drop as Chaikin Money Flow and RSI correlations seems to be close to repeat signals for a potential drop. A target for this possible impulsive bearish wave is a Deep Crab harmonic pattern aiming the bottom from this consolidation. A strong pullback can occurs @ the support area. For an effective signal to...
As we can See price is moving Sideways and Creating a strong Support Zone, We can expect a sell rally after the Breakdown of a support Zone. Trade safely my Friends and let me know your Views in Comments.