In this obvious uptrend we've seen some consolidation and we're at support again.
What we can see is a very clear bullish candlestick at support that shows us the buyers are ready to step in again.
We're going to join them this expected impulsive move as shown on the chart.
Thanks for reading and have a great trade!
Good morning traders. Last night saw price drop almost $700 (or just under 10%) which has traders scared of further downward movement. However, looking at the 15 minute chart, we can see that volume was lackluster at best. In other words, we should've seen a lot greater volume on that drop if supply was in control. Instead, we see supply volume has continued to...
"Bitcoin is a short! It's going back to 3500!!! Go to Bitmex and leverage everything you own right now!". Sound familiar? If you have been on the internet since Bitcoin's first attempt to retrace off the 5400 high, it should sound very familiar. It is the general consensus among the herd. In fact I have seen this sentiment posted on my comment forums regularly....
Looks like BTC is consolidating in a channel after the pump at the beginning of April. After the Bitfinex news on Thursday, it did take a hit on its bullish candle, but it also rebounded at a good support level around 4500 euros. The point of rebound also looks like the bottom of the upward channel which maybe a signal for good organic support. (FTR, I believe the...
Last post: April 24th 2019. See chart.
Review: Price was stuck in the consolidation zone.
Update: Price broke out of the consolidation zone but found resistance at the 50 simple moving average.
Conclusion: We need a breakout of consolidation before considering a trade in this commodity.
Any comments or questions, do not hesitate to leave them below. Give...
AUD/USD Four time frame is in a
side ways range. he market just bounced
at the bottom of the range and is expected
to push towards the top. The market started
the side ways range around November 2019 so
It looks promising. Once the market hits the top
of the range, I am expected signs to push it back
down. I plan on taking advantage of the range until
Details in the chart.
If Bitcoin were to mimic the previous bear market consolidation phase, here's what we'll be expecting:
- 95% pump from Bear Market lows (target $6,100 levels), before significant retracement.
- 33 week consolidation phase, ending at end of July 2019, after which a roaring 2-3 year bull rally will start.
Hope you find this a...
Got in the consolidation that formed in the context of the correction of the current uptrend.
1)Stop loss is under the lows of the consolidation
2)Profit target is around Jun 14 high.
(posted post factum)
CINF is an S&P 500 index component. The chart shows a platform sideways pattern typical of Dark Pool hidden accumulation. This was followed by a long white candle that was not HFT driven. The stock is now in another consolidation, at a new high with more hidden accumulation.
After seeing big moves to the downside for the EUR/JPY Pair I do still currently favour more downside. We can see on my chart that we are currently In a consolidation area where the market cant decide where to go but is leaving us clues as to where the direction may be with the price action available to us. Starting at the Fib retracement level we can see we have...
This post is a forecast to monday morning's price action. BCHUSD has been consolidating for some time, $ 379.00, now and after Saturday's bullish attempt, we can certain to expect some ACTION - perhaps maybe at 5AM (UCT+2)
I have been documenting this pair quite a lot recently because of the heavy downside movement which has created multiple entries for this pair. After a clear breakout of a counter trendline earlier today we can see we are in a consolidation period but the market is presenting its hand to us. Analyising the price action we can see that everytime buyers came back...
December 2018 marked the end of the bearish move where oil plunged nearly 40% from its 3 year high 77$. After a long recovery, a deeper downside movement of 10% was noticed, creating a clear Lower High. The move is still a pullback but can easily turn into a bearish run.
Trend type - Pullback, Bull trend resumption at 65.30
Action - Sell now.
Gold is still on a Bearish run even though it reached a support level and is consolidating. Unless it tops 1300.00, we are eager to short.
- Sell Gold now.
- Stop loss @1300.00
- Take Profit @1240.00
Drew this long term curve with much more realistic prices than I posted in my previous idea. Have a good look at where we are right now. You can draw a medium curve inside of that bigger one and then determine of where we are going next. I see more sideways action until we closd above 0.70$ on monthly candle.
7-9$ per xrp is very realistic looking...