chartpatterns

We had some good action 2 hours ago, where the price made a quick dump but got an even bigger push up. The volume on the way up was much higher as well, so chances are big a bear trap was set there. Also ETH' broke an important support it seemed but also jumped right back above again, also suggesting a bear trap. The past days, i talked about expecting at least ...

Welcome everyone. Over the past couple of weeks in Bitcoin, we have seen an incredible amount of increasingly weak technicals. We saw a failure to breakout of an inverted head and shoulders pattern. We saw a powerful rejection of 50 EMA resistance, seen as the orange moving average. We saw the formation of lower highs on the chart. We saw the formation of a head ...

USDCAD, Sell on H4. H4: - Tendency: Strong downward - Below resistance daily - Pullback, test resistance - Waiting signal=> Sell Prior analysis

USDCHF, Continuous upward: BUY. USDCHF, H4: - Tendency: Strong upward - Above support - Bullish outside bar => UP Prior analysis

W1: - Reversal candle on W1 - Below resistance H4: - Tendency: downward - Below resistance - Pullback=> Downtrend forming => Sell

CADCHF, Buy on H4. H4: - Structure: uptrend - Tendency: upward - Above support - Bullish outside bar => BUY

Hi friends! Welcome to this update analysis on Litecoin! Looking at the four hour chart, we can see that LTC completed the head and shoulders pattern yesterday. However, instead of breaking down, we saw a rally off of the neckline. LTC is now running into resistance again at the rising pink trendline. I said this in the BTC analysis, and I will say it here. If LTC ...

This is a straightforward macro study showing the performance of S&P against Gold. We see that from 1980 to 1999/2000 S&P outperformed Gold, while from 2000 to 2011 Gold outperformed S&P. We are currently (since 2011) in a stage where S&P is again outperforming Gold and the uptrend may soon break higher in a parabolic move. The conclusions drawn are that S&P is ...

The Canadian dollar is Tuesday’s G10 underperformer, amid a decline in oil, the US dollar index preserving strength above the 96.30 mark and lower-than-expected Canadian wholesale sales and manufacturing sales numbers. Since Jan 11, as highlighted in Tuesday’s briefing, the H4 candles have been compressing within an ascending channel formation (1.3183/1.3318). ...

Bitcoin has completed a full month of trading inside a 1D Channel Down. Despite the negative trend (MACD = -44.200, B/BP = -111.1780), it does show signs of stability on the nearly neutral RSI = 43.832 and Highs/Lows = 0.0000 although it is closer to a Lower Low than a Lower High. Purely from a technical standpoint, the short term trend remains bearish currently ...

Hey-Hey! After the fake move below the semi-round number $3,500 we got a bullish momentum and got a good rejection from lower levels. The rejection came from the Bear Flag bottom trendline and from the round number which both act as supports, plus they both should work as a strong confirmation levels when the price gets a close below of them - very important ...

Price came back to key buy level 109.09 I set a buy limit near key buy level 109.09 - Middle -term trend bullish - Price close to mirror level - Risk/reward 1 to 4

Looks like a correctional move the past days. When looking back a bit, we can see similar moves the past months. So for me this is worth the risk. I will close around 30% at the first yellow circel, will close 40% around the target and i will let the other 30% run with a tight stop. Previous analysis:

The Tidal Shift Strategy has just bought GBPJPY at 142.054. The system recommends entering this trade at any price between 141.776 and 142.332. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 1.171, which suggests that the GBPJPY could be trending upwards.The 14-period Average ...

The Tidal Shift Strategy has just bought USDJPY at 109.692. The system recommends entering this trade at any price between 109.568 and 109.816. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 1.227, which suggests that the USDJPY could be trending upwards.The 14-period Average ...

EURCHF is approaching its resistance at 1.1341 (61.8% Fibonacci extension, 61.8%, 50% Fibonacci retracement, Horizontal swing high resistance) where it may drop to its support at 1.1246 (100% Fibonacci extension, Horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding drop may occur.

The Breakout Opportunities system has just sold USDJPY at 109.515. The system recommends entering this trade at any price between 109.36 and 109.559. The signal was issued because the USDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.272, suggesting that the USDJPY may have further to fall. A stop loss has been set at the 24-hour ...

EURAUD reversed off its resistance at 1.5971 (100% Fibonacci extension, 50% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it could drop further to its support at 1.5896 (38.2% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 95% where a corresponding drop may occur.