I like the very short term trend lower, however this stock has very positive news in the pipelines. Be careful and use stops when shorting this stock. I like using a stop in the 90-95 area because of the very large swings and I am willing to risk gains for another move lower. I still beleive this is an overbought bounce that should find a home lower than the...
When we look at the Bitcoin 4-hour chart, we see that we have to wait carefully.
I think the regions close to support and resistance are not as remarkable as the risk / reward ratio, at least for now.
The reason we wait carefully is that the certain closures just above or below the resistance can be profitable in terms of the risk / reward ratio.
I'm in the news...
Beautiful Descending triangle out there on a massive scale.
Possible long on the current level with the target being the opposite slope of the triangle.
only a tiny stop needed! right below the support line. 1:5 risk reward with the probability of a win being 40%
Its time to talk about the Pound which is now obviously driven by Brexit and Brexit only.
There are two ways for the price action to unfold should there be further negative pressure from Brexit news(which there will be, i am sure)
The fundamental drivers, which determine the general direction and the force of the movements, do not change the technical nature...
A vey cautious short, despite a massive level being cut through, with 2 daily candles closing ABOVE it.
But gold has been in a channel for quite some time now, so, playing the range trade, with 30% success rate!
It we see price confidently above the identified level, then REVERSE, will go on long!!
Hello dear traders,
Let's keep it simple.
a/ Market structure: still intact bullish structure, but indecisive at the moment => No trend.
b/ RSI: indecisive => No trend.
c/ MACD: Under Bearish Crossover in positive territory. => Consolidation.
a/ Market structure: still intact bullish structure, but indecisive at the moment. Breakout of...
It is known that we should never go by one single indicator. This is the case here, there are too many factors to take into account.
However, it is a good idea if you check this one out, this is one of those ethereal things built on the Ethereum platform accelerated by Matic ,,.... I guess.. !
Anyway, If you are not too busy, do yourself a favor and
Is it within this area the lowest price Matic will ever reach?
Although it seems to be the case, I don't know.
All we can do is guess and do anything we like.
As I am as most of people.
Right now I don't have any money to buy anything else.
So all I can do is watch and smile, because Matic is starting to look good.
This is the lowest interesting support and...
WTC Or whatever others might call it is one of those coins that could generate a limited immediate profit. However it is vital to get in and out at the exact times and levels. Otherwise be prepared to get out without shoes. If it ever gets up BIG TIME who knows how high it could eventually go!
Just a quick update on Ethereum.
BTC hit new 2019 highs and a reaction is going to come. Is the new higher low 5200, 5500, I don't know. Maybe a new lower low? No idea at the moment.
What I know is, that ETH hit the top of a rising wedge and I see that one fall heavily if it takes that road. With BTC probably topping and reversing, this probably...
Played around with the fib channels on the largest time frame I could find on TV and guess what, it does not look good from here. This chart is telling me to short until
1.5k. The tether news is causing a lot of speculation. This is exactly the time not to try to make assumptions of what might be going on, in terms of the news, and instead check your chart to make...
If this fib line does not hold I would expect further downside, doesn't look great for ONT here.
Blue triangle indicates the current range.
This is a log chart.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
If you enjoy my ideas please give this post a like and follow my page if you would like to see future...
My motto is "keep it simple"!
What do you see when you look at the chart? You can see that the price get rejected from the purple horizontal line (resistance) and its trading within a ascending triangle. This is a bullish sign, as it shows that the bulls are still in the market, however, there could be easily done some manipulation and long squeeze.