Just an idea. Not sayin this is goin down like this but I'm afraid it could play out this way. Breakdown thru the neckline will signal sell. Rejected retest will confirm it. IF this goes down, then the bull is over. Prices are just darn high. Stupid high. Fear may soon overcome greed; if so, hope will be dashed. Here's a Forex link for the pattern. Break...
Please look back 4-5 ideas about the XRP H&S target I pointed out...we have found support at the nearest direct support line immediately below the drop target of the head and shoulder pattern I pointed out. We have seen a very nice bounce here at the 1 day 50ma(in orange)...still a chance that this support could fail if so the next fib line down just under this MA...
$ITB just broke below support with 2.46x average volume. Its weak, more downside could follow. 12/21 put at $1.17
Finally some action! So, Bitcoin decided to break out of its bearflag and retest the lower trendline of the triangle. The volume was pretty heavy on this drop with good follow through, indicating more downside. RSI The RSI on the 4 hour is really oversold right now, so I don't think we will break support immediately. We will most likely see some kind of...
We have a new wide balance with the range 1.55-2.37. For new mid-term up trend this wide balance must goes up. For this the price must show a breakout of the resistance zone ("sell area" on the chart). Another important key point - 1.7919. This is a POC level (point of control or max horizontal volume for the period) of the little balance. If this level would...
It seems the head and shoulders pattern has been triggered. We are currently at a potential support zone on the 1 day charts 200ma(not shown here) If we can bounce there or at least before the horizontal aqua colored line shown here it will be a very good sign because we will have simply formed a higher low but if we were to reach the projected drop target of the...
Breakdown from the channel (with volume confirmation) , indicating more downfall;Sell:395, Target: 295, SL: 445 Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Right now, Ethereum is struggling to hold support around the $217 area. If the Neckline snaps with big volume, my target would be somewhere around $185. This is a little less than a measured move from the head to the Neckline. While the RSI on the 4 hour chart doesn't have that much room to go, I surely does on the Daily chart. I wouldn't necessarily anticipate...
need to wait on confirmation and bear volume surge to sell/short but very good probability we will see it. Bear trap also still a possibility to consider but lower probability.
Lennar showing a massive double top and is currently sitting on support at $48 - looks poised to head lower.
Looking at the Bitcoin Chart today, I see signs of weakness. The chart is forming a descending triangle pattern, which is considered bearish. A retest of $6500 is likely. This is an area of good support, since it's supported by the 50 MA as well. If this area doesn't hold, we might go down all the way to $6300 - $6200 again. If we went that far, I wouldn't be...
This is the sort of setup that will make your week, month, or even your year. You know when you just "know" a setup is going to work? Well, I'd like to stop "just knowing" and actually define this. Because this is the sort of thing, if you traded exclusively, you'd have ridiculous W% and R stats, and crazy growth. Here's why this setup is GRADE A+: ...
Last 2 impulses was down, it's bear priority. Also last balance goes down. At the moment we do not see an increase in volume and reaction in the opposite direction, which means that with a high probability the price will continue to decrease. The next support level - 1.6034 The situation on BCDBTC is similar.
breaking down and barting from the current bull flag at this point is interesting because the drop target should take us just above the top trendline of the weekly descending wedge pattern. Hopefully this means that trendline will maintain support and then bounce the price action back upward...if so we will then have a higher low on the 4hr to follow our the...
Pretty simple -- if price drops through the green box, I'm looking for shorts on the 15m/H1 depending on the time of day. NG doesn't move as nicely as more contracts, but you'll still see strong moves at the right areas. The more it compresses BEFORE attempting a breakout short, the more I like the trade idea.
I have tracked BTC/USD 2014 market movements and correlated them to the current Bitcoin chart, marking possible similarities, resistances & breakouts. The current position of Bitcoin after the recent rally is drawing closer to the upper resistance, so will BTC breakout - fakeout or drop down to the lower resistance - decision time is looming with Bitcoin...
looks like we have a big projected drop target to be concerned about here if this breakdown confirms which it seems very likely it will...the projected drop target for this breakdown actually has us going below the bottom trendline of the weekly chart descending triangle pattern. However it's probably a safe bet to put a limit buy back in just above the bottom...
For the last 8 months, ETH has found itself in a strikingly powerful downtrend. It is now down ~86% from its all time high of $1400, and down over 30% in just the last couple days.. Currently Ethereum is piercing downwards out of a 5 month Trendline/Channel. As you can clearly see on the chart below, this is the second time we have found the price below the...