It seems like we are likely to form a pennant here. Give it some time before it breaks out / down. Keep an eye on volume for confirmation. Meanwhile if you are not patient enough you can try to catch the local tops & bottoms in the pennant, but only in the early stage. Once it gets squeezed further it just becomes unprofitable. Other annotations on the chart. Cheerz : ]
$40 is a significant price magnet that institutions obviously like to use as a bench mark. $40 Crude was sold in 1990, 2000, and 2003. It was bought in 2004 and 2009. I suspect that we will find buyers near 40 again. This may take a couple of months of sideways price action along 40. Oil has penetrated the monthly trend line. Most trend line breakouts are not...
As the charts begin to turn more bearish, we are forced to look for some sign of a turnaround. The trend, which has been going on for over a year, appears to still be intact. I expect that we will either form a double bottom as we did back in 2011 (I will link to an interesting chart by lowstrife that caught my attention), or we will have one final leg down to...
--- UPDATE: There is a reason why I placed the long-entry zone into the future, because of a lack of uptrend confirmation. Fail! After so much selling this can now be a bottom for at least a few days. Therefore I say: Price down, pick up! www.youtube.com ---------------------------- I was very bearish, but I'm not anymore since we finally had a massive...
The ABC correction from the 305 top has finished off exactly as predicted, see chart. After the bottom of C, the downtrend resumed and touched down on the (minor) 266 support. Of course a rebound was to be expected as prices don't move straight down or up. Now we are looking at a bearish wedge forming with a possible break down sometime tomorrow, or wednesday at...
I think it'd be a pity to start this year without testing the famous major annual support by BVSP. Although there are some fundamentals involved, always consider this before entering a long-term trend, the government as been changed but we "wont" (we may) see any new relevant changes until march, or april. So until february, it should call for it's bottom at the...
Potential reversal in place with double bottom. Waiting for abreakout above aqua line - highest high in pattern. Could continue into new channel formation? Target profit limited to ~$7 (~15%) due to overhead resistance but could potentially breakthrough with A grade earnings.
Weekly bottom was formed on 15-Oct-2014 which is one week earlier than our expected ES bottom on this week ended on 24-Oct-2014. The price closed well above the critical sentiment level of 1941.50 on Thursday 23rd and continued the move on Friday 24th towards critical resistance lines 1965/1966. We are looking to buy the dips to 1940-1942 levels and if the price...
Upon break of the double bottom neckline price looking for bullish resumption. The DB is from the channel bottom as drawn earlier.
The Bitcoin price won the very unlikely low chance uphill battle against the bears and made it back above $340 again. I'm now finally convinced and bullish. Not too many people cashed out. We have the first green candle closing above my pink line which I drew yesterday: Look at the white DEMA line. The bottom is finally stable. My target $395
Double bottom sitting on support. RSI divergence + double 0.618 fibonacci restracement ratios.
Waiting for more confirmation for an upturn for this nice channel to continue. Do your Due Diligence!
Analizing the daily chart on renko visualization i put a good indicator to find the possible bottoms. As you can see when the bars turn from grey into green we have a good chance to find the bottoms, in particular if combined with bars that reach a top and begin to retrace. Now we have the green phase that lasts from 2 bars and we need a confermation to find the...
After this () I had a lot of request about the same graph on Bitstamp. So here we are, and the question is still the same: is this the bottom, or not?
All in the chart, self explanatory :) Strategy for the next few days: Sell the rally, buy the dip.
NEWS UPDATE: Paypal (eBay) to accept Bitcoin. Paypal division Braintree (Uber, Airbnb) "plans to announce that its customers can start accepting Bitcoin" recode.net ----------------------------------------------------------- We reached a new intra-day bottom or even the new bottom for this week? The lowest price was 456.3 US Dollar on Bitstamp The "Short-term...
The fat red brownish line is the Gann fan trend line from the last swing low (July 2013 at $63) to the last swing high (November 2013 at $1163). This is the line which - surprise - happened to be the current low at $442. And it's the line where I hope Bitcoin is nearing the bottom of the current downtrend channel which started at $597. Maybe the BTC price stops...
I see a bounce happening at 443$ if you ignore a few flash crashes and bouble peaks then this triangle has a lot of touching points and successfully predicted the last bottom. I would like to counter the many bears hoping for 100-200$ bottom, people are greedy and will be buying at the 448$ as it will be a double bottom and bottom of this very long term trend....