CRSP is currently at key support and the 200 week moving average. This may be a possible bottom, however it is best to look for an entry on a lower time frame (4hr or 1hr chart) before entering. Bottoming patterns to look out for are inverted head and shoulders, double bottoms, and/or higher highs with higher lows.
Hi every one
BLOK has done a Impressive Movement lately but It seems This is only the Beginning! as you can see a Rounded Bottom is now Visible on the chart. This means The Price has a Chance to Increase Further as much as the Length Between The Top & The Bottom of the channel (Measured Price Movement). Since There is no Break out Yet,we can be sure...
Important things to note:
BTC is close to finishing its correction.
BTC hit 56.5, I told everyone it might go to 56.4, close enough.
BTC will have to push up above last low to insure bullish movement.
It looks like BTC is heading lower than I expected. I still think we are nearing the end of the pullback.
Unit then BTC will bounce around until the move is...
- I would expect this to be the bottom for Iris given the current market situation
- Volume is also rising
- Very good potential here
- Set your stop losses, mine will be set at the purple support
If you're like me, you have a job and hobbies and things to do other than staring at charts. I consider myself an investor and cycle trader rather than a swing trader. The vast majority of my gains are made on only a handful of trades made over the course of a few months/years.
As I mentioned recently, I think this cycle has yet to peak and there are still...
A brief analysis of $BTC YTD. Using a key support/trend line, we can conclude, it is possible we have not reached the bottom yet. We could see prices of $49-51K over the weekend.
This is a very strong shakeout and whales are in accumulation mode. The bears are getting to comfortable, the leveraged traders are getting liquidated, and INVESTORS are buying the dip!...
- BREAKING NEWS -
According to WHO, the new covid strain is considered "serious"
Let's see what this is all about. Technically we are playing out a bearish divergence that has built up since we found that top on november 5th price kept sloping up, but momentum was fading. And news like today is a perfect catalyst to make such a divergence play out.
We have some...
ADA Short term Analysis
ADA wants to drop more as we can see, All indicators are in OVER SELL zone!
The drop up to 1.5$ is expected because no more support is before that zone.
1.5$ can be a bottom, We must be patient and track market movements.
BTC looks to be following the same corrective pattern as Sept 7th-Oct 2nd (white line pattern) when BTC dropped from 53K to 40k.
Price action is identical
We are sitting in the same area on the trend line as we were before bouncing from 40K to 69K
Currently breaking above resistance on the RSI, which also has had similar movement to Sept 7th to Oct 2nd.
EURUSD has already tested the bottom of the daily channel that you can see in the chart below showing the initial signs of reversal and now the top of the hourly channel at the 1.1335-40 area is going to be tested. We have already bought small positions in order to test our upside scenario and we are going to add more with an hourly break of the 1.1340. We will...
Since May 19th we have been following this upward trend on the RSI. Every time we touched this trend line we had a bounce leading to a higher high. And every time but once it led to a higher low as well. I expect us to create a floor at these levels (59-61k) and continue our up trend toward 100k. Im expecting resistance around the 80-85K level(first thin blue line...