The chart speaks for itself.
If the price goes through the MA200 and the strong demand zone, just short it to 800-1200$ support zone.
Until it happens, BTC could already be in its consolidation zone.
Bitcoin update: Price has taken out the recent bullish trend line which points to a higher likelihood of retesting the 3450 area minor support. From a broader perspective, all this market is doing is establishing another consolidation which is a normal part of the bottoming process.
As we always remind our followers, tops and bottoms take time to develop. The ...
Bitcoin update: Price is beginning its first real test to prove if the recent rally is truly the beginning of a broader recovery, or not. The chart formation that is still developing can be the sign of the bottom that everyone has been waiting for, but it still has a ways to go in terms of proof. On the other hand, if price clears the newly projected support ...
Hey everyone, today I will bring you guys my perspective on this rally.
Here we can see an analysis in the 15min chart :
This analysis is based on symmetry, as we can see , this pattern was already made by the smart money, check 28 Dec 2018, similar strong volume , even before the big jump, the price movement is really similar.
If we look at the RSI, in 28 Dec ...
The price has been making higher lows inside a consolidation (trading range) for a few days now.
Major trend in BTC is still down, but we do have a local uptrend since 6100.
These types of consolidations inside a local uptrend are more likely to break out to the upside.
The higher lows inside a range are a sign of accumulation (supply drying up, demand increasing ...
Have we finally entered consolidation for Bitcoin?
If we look at the previous BEAR market we had in 2014, it seems to be the case...
I 2014 the 200W SMA came to the rescue as support while the 21W and 50W turned resistance pushing the price back down to the 200W
Once the price became wedged between the 200W and 50W, it managed to POP out and up, and once it ...
USD/CAD has had a very negative start to the year. For a while, CAD was actually the best performing currency in the world, year to date. But has the pair finished its down trend? Since Wednesday, there has been significant consolidation and a stop in the decline. It dropped as low as 1.31804 before climbing back up slightly.
I think given the significant level ...
After the failed attempt of the breakout of the consolidation towards the local trend. Now I'm trying to catch the correction after quite long down-move by flipping my position.
1)Stop loss below the lows of the consolidation.
2)Profit target based on the recent technical structure.
Got in the breakout of the local consolidation towards the short term down-trend.
1)Stop loss above the high of the consolidation
2)Profit target is based on the recent technical structure.
(Posted post factum)
After the steady up-trend, the up-trend structure was broken and it started to look like the reversal. I got in at the breakout of local consolidation.
1)Stop loss above the highs of the consolidation.
2)Profit target is based on 2018 Jun highs.
(Posted post factum)
Price hasn't moved much on the EUR/USD since the end of October. Since then price has been sitting on 2015 and 2016 highs as support support. Price is currently pushing up against a 6 month POC with a diverging RSI showing momentum behind price that as yet to break out. Using current price as an entry, lower edge of value as a stop and the first large volume node ...
This is going to be a zone play, which is outside our typical ichimoku setups. When pairs stop trending it gets a little harder to trade with ichimoku unless you are on a really small time frame, so instead we'll be look to trade the consolidation zone. I am watching for a rise back p to the top of this zone, and a good rejection candle there to take a short. I've ...
Keep it simple stupid.
I will buy on breakout to the upside with volume. Or, more conservatively, wait for a retest after breakout.
Entry around $16.5. Resistance levels marked on the chart at $20, $23, $27, etc.
Why would I make this trade?
> CORN consolidating...CORNSOLIDATING!
> RSI Increasing
> Equity prices are falling across the board. See the DOW ...