After it broke the falling resistance, waves creating a bullish candle on latest daily chart; bullish engulfing. this is simple impulse waves possibly created. with very good trend on the other small cap altcoin, can waves will be the next catalyst?
Simply put, our weekly candle just closed as a bullish engulfing candle...that means that it covers the entire previous weekly red candle and more. This is almost always a very reliable sign of incoming bullish action and I would think even more so on the weekly timeframe. I'm most certainly bullish and think 9.6k-10k before our first real 31-41% correction is...
Trading off the big candle. TWTR looking super strong. Trade above, trade above, HL's and HH's. Stop = $37.75 Target 20% In @ $40.16 with 0.2% capital at risk.
Bias: TWTR's mgmt does not seem to make the same blunders as both FB and Youtube.
Reasons for entry:
- Price is currently on a uptrend
- Price has rejected and retested the 61.8 fib
- Possible hammer candlestick forming on the 4hr, weak hammer candlestick already formed on the 2hr
- Strong bullish engulfing on the 30min timeframe
- 30 min bullish engulfing
Recently Wanchain has fallen out of the Top 100 on CMC, some people may never check page 2...not everyone is as saavy as you! (HINT: This is in our favor)
On the Daily Time-frame for BINANCE:WANBTC there's a huge bullish engulfing candle with massive volume found inside yellow ellipse.
Then we find it retraces back to, holds and bounces from that same...
COPPER: After major lows were taken out finding liquidity, it opened up the gates for the bulls to charge ahead. Major bullish engulfing on the daily showcases the immense amount of bullish strength currently for Copper. Expecting Copper to at least re-test the top of the range and even break higher. At these prices Copper seems to be at quite the discount. ...
After major lows were taken out finding liquidity, it opened up the gates for the bulls to charge ahead. Major bullish engulfing on the daily showcases the immense amount of bullish strength currently for Copper. Expecting Copper to at least re-test the top of the range and even break higher. At these prices Copper seems to be at quite the discount. Definitely...
Watching a short-term 1 hour bullish engulfing candle bounce play off of support. I'm long at current level and looking for price targets at or above the 1460 satoshi area. Don't fall in love with her just trade the bitch! Viva La Crypto!
Today, European President Draghi was due to testify about the economy and monetary policy before the European Parliament Economic and Monetary Affairs Committee, in Brussels. To sum up what he said in his speech, he clearly stated that the European economy is stabilizing from its draw-down in the 2007-2008 financial crisis. This is why we have been seeing the...
Bullish engulfing candle near major support level 1.2900 and FIB-retracement level 61.80%
with a crossover of the Stochastic in oversold conditions on the Daily.
Once engulfing candle is closed and fully formed, I'll be watching for a long entry at the 1 hour chart with an
oversold Stochastic and confirmation of a candlestick pattern.
The No-Deal Brexit jitters potentially pressure the Sterling in mid-term. I am picking two directions within a general GBPUSD mid-term bearish bias.
Left Hand Side Chart is H4 Timeframe. Right Hand Side Chart is H1 Timeframe
For Plan A : I am marking yesterday's daily pivot + 1.29000 price and I want to see how the market will react upon reaching it. A bearish...