Noticed a Inverse Head and Shoulders pattern looking formation here.
The 50 and 200 MAs also looking to converge around the neckline on 4-hr chart.
The neckline at $15 seems to be important, it has held support after a sharp bounce from the lows in the '08-'09 crisis.
If it can't hold above the neckline, some serious selling could occur unless fundamentals...
We have conflicting signals here, as the RVI is near the sweet spot, the VI (-) is coming up again, VI (+) is stagnating, and the volume hasn't had more than 3 consecutive days of positive momentum for weeks.
Looking at the trends, RVI is about to push into the sweet spot, and somehow the price has been clmibing even though the V.I. (-) should be pulling the price down. Something strange is provoking a possible bear trap.
We have a moment of truth happening somewhere over the next 8-14 days. We either break the barrier, or we drop down to a very scary low.
Trade...
Keep in mind LTCUSD currently sits at #5 and its market cap ($12.3B) is nearly half that of the next coin up (BCHUSD @$23.4B). It’s had a nice run the last few days, but is still very much susceptible to the ups and downs of the lead coins BTCUSD and ETHUSD
With that said, it’s still in a position of strength. RSI is not red-lining, volume is healthy and the tech...
Looks like the bulls managed to skate by the bouncers at the 2017Q2 lower support trendline. Then the market rallied at the news of Goldman-backed startup Circle buying Poloniex . To my horror, I watched my shorts die a terrible death as the stampede of bulls rushed the market north $500USD in less than 30 minutes!
The BTC Yazuka didn't just open the doors,...
we just had a parabolic upwards movement and we all know what that means, tricky business. alltough this triangle has truned out very clean we should trade with caution on this one. low volume could mean massive gains but the losses come just as quick. set stop-losses accordingly.
Potential BTC Head and Shoulders setting up on the 4 hour chart that is worth watching. Increased Bear Volume and a potential Rising wedge
support around 9500 and 7800 respectively if we see a pull back
Also 4 hour MACD bear cross.
Short time consolidation on the 4 hour chart.. If we get a pull back to previous support mentioned above it would be a gift as i...
Bitcoin BTCUSD Wednesday Update
Bitcoin is beginning to make a habit of topping out between
21:00 and 01:00 and bottoming between 05:00 and 09:00 the
next day (gmt). Last night we were still running a long and
looking for 11906 on Bitfinex and 11867 on Bitstamp when
Bitcoin topped out very unexectedly 11780 at 22:20 - doing so
from no discernible level of...
Bitcoin Bitfinex Chart Update Double Top at 9000 Witching Hour - Caution
Bitcoin reached a high at 8999 on Bitfinex overnight around mignight gmt - effectively a double top here after a 50% rally. As the futures
chart shows the entire range from 9000 to 9225 is a powerful resistance zone and Bitcoin is clearly struggling to make
headway above here. Additionally...
My cautious call of 2 weeks ago may have been premature (see link below).
However, we are now seeing additional cautionary signals on the SPX :
1. Two consecutive down days at the beginning of this week;
2. Visible break yesterday on the index (gap down);
3. Reasonable volume on the downside;
4. Traded and closed below SMA10;
5. Tech...
Hello guys.
Sorry for some wrong details, but i hope my updates saved situation.
My forecast is on the picture.
And i want to say something. My last chart was influenced by the masses and authoritative, more experienced traders.
Although, the situation was 50|50 for any movement, all the data i got was telling me the bears are a bit stronger.
Than i heared about...
So NXT got pumped a lot because of the IGNIS airdrop which will occur on the 28th of this month.
I'm expecting people to sell the news and get out on the 27th and others will sell out once they get the free IGNIS coin, causing the price to drop to support levels. The coin might get over sold, hence dropping to lower support levels than I indicated in the...
There are two possibilities as demonstrated in the chart.
The volume is dropping and it can't sustain the high price anymore. Its going to drop to support and test it, if it fails more correction will occur.
DASHUSD
Consolidating recent gains in a pennant: not as trustworthy as
a flag, though. The recent low was 609, exactly double the
price we paid at 305 some 15 days or so ago. Are you watching, Bitcoin?
Two strikes on the lower line shows 'hot', still. Now it has to
find enough buyers to beat the upper line of the pennant...
If it can mange this we can...
Hello.
Reached 5200. Ofcourse i can draw resistance like one the screen below, but i dont think that this could be predicted.
Volume falling, divergence forming, good possibility to correct, my periodic theory says the same. However, chart should be drawn a bit more to finish this figures, 2h frame tells about this too .
So according to channel it`s possible to...
Good day time!
Simple doesnt mean bad, yep?:) I was partly right about trading near 4700. Check it in previous idea.
I see the following outcomes: three lines from the existing chart displays possible movement from now. Considering the consolidation of 4700 i believe we will bounce to one of this prices with the next reasons:
1. 4900-4940 because this is the...
Nasdaq 100 Index: Now probing the main conrolling parallel that's been guiding this rally ever since Election day and likely to find it hard-going to penetrate. Caution required here with the possibility of shorts on any failure of nearest support at 5759.
Price on GBPMXN is at a possible band of horizontal support. But at least it is an important structure level.
Price has also broken the 200 EMA on the weekly chart. However, it has recovered in the in recent months from such a level.
Disclaimer: This is not a recommendation or encouragement to take a position, or invest any money. GBPMXN makes both...
![GE: [GE] Is It Time For General Electric Bulls to Return?](https://s3.tradingview.com/q/QOIpjsNt_mid.png "[GE] Is It Time For General Electric Bulls to Return?")
