This AAPL weekly chart shows all the support levels back down to where 2019 projected revenues will be in line with the previous Dark Pool Buy Zones of 2016. The 2016 support price range is strong, fundamental support for the stock. As you can see, AAPL doesn’t have precise technical support levels. Even on the weekly chart, the stock price does not stop falling...
Highlighted in the yellow circle is where I am going to be looking for action. If the purple support line holds I am definitely placing a long even if its a quick play. However if this line is broken I will ride out my short which is already in profit. Happy trading to you all! Get those gains!
The Daily Chart of COSTCO Stock shows that there is some sell short potential on the short-term trend IF the stock breaks to the downside below the low of around 216. At this time, it appears that is more likely given the lack of large lot buyers in the chart patterns. Support levels show the point gain potential moving down from the current range-bound...
So here I have drawn my own red candle down which is what I expect to happen. As always I have stops in place to protect from a bounce. I have also drawn a channel to show my target for the next bounce. Trying to play both the ups and downs. Let me know what you think.
Is this the same question you were asking yourself (and others) when the price of Bitcoin was 6000? And when the whole space said it was, what did that do for you? What would the claim that this is the bottom do for you now? Trading is reacting, not predicting. Nobody knows if this is the bottom, people may have reasons to think it is or isn’t, but nobody...
Good morning, traders. Bitcoin showed some bullishness overnight which shouldn't have surprised anyone. Looking at the 1D, we can see bullish divergence printed in RSI between 11/24 and 11/26-11/27. This has led to almost the largest daily move up since July. A few hundred more dollars of appreciation before the daily close would cement this. The question now is...
For the past couple of days the rates have changed their direction from downward to consolidated horizontal. Pre-market wedge offers a good opportunity to learn about the future martket direction. Overall it looks like a bounce with double bottom near 3.04. So I argue being bullish. SMI has been showing the upward trend since 19 November
bounce off of volume supported BINANCE:BCHSVUSDT resistance considering that is the name of the game in their so called "pump" war (this aint no hash war imo) & if not expect a low near mid 100 teens once more?
Another quick update. Chart this morning I spoke of watching for BTC to trade within the low and our original high off the bounce of $3910 and we did that for majority of the day before breaking out to a higher high later in afternoon. I was looking for bulls ideal situation to have the brief consolidation and then get their higher high to give the confidence for...
This is likely the biggest question. I've thrown a lot more frequent posts up the past few days with the recent dump. Last post I discussed it feeling like we were nearing a bottom as we sat around $3600 and was preparing myself for at least a short term bottom to give a nice bounce and ideally a few days if not weeks or some relief for the bulls. Items I was...
So, as I feared BTC did choose not to respect the 4200 support line, that many hoped would be a magical Gandalf Mana shield barrier or something XD No, as predicted, trendlines don't count a lot in BTC, since the support is more akin to a squareroot function in the log chart. Therefore, we can go quite lower, without breaking the longterm bulltrend. The...
The markets are way too oversold and fearful right now, a bounce should be coming up soon. The next support level would be somewhere around $50, but I don't really see that happening for now. I consider one more wave down into the $100 region, then a correction to somewhere between the 0.382 and 0.618 Fib level ($145-$170). Should be a good move since the dump was...
The price has been steadily dropping these past days, no correction upwards, no signs of a bounce or any kinds of reversal. Very similar to capitulation (it could very well be, but I don't think we're there yet, unless this drops straight to 3000-2800 from here). What we aim to catch here is a correction to the upside. Not a trend reversal, just a...
as we can see that BTC price is at the down trend line we can go both ways here we ether go back to 5500$ then back down from there to 3000$ or we going to keep going down until 3000 with no bounce what most likely to happened is we bounce here to 5000-5500 range then drop rather than keep dropping to 3000 now so i am buying in here with stop loses good luck and...
Buy orders are set for 1.2750 with a take profit level of 1.2870 in this bullish scenario. GBPUSD is in oversold territory so my theory is it's more likely to bounce than break.
Watching this crazy move ( IF ) dji dont pumps back asap in the next 2 weeks trade 2 - 5months
These rays from January 2015 can be used to plot almost every candle top, bottom and wick.
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...