Following the parabolic rise of BTC to 8300, we are in for a correction. The NVT Signal is showing Epic overbought proportions and the last rise was stopped by the NVT trendline. Next move is down to correct the overbought signal.
What is your level for this correction ?
0.618 drop from top to 5260USD
0.69 drop from top to 4900USD
Failing to rise above the channel BTC has now established with the current rally, this dog's breakfast of a chart looks forward to an optimistic correction sometime in around a week's time. In the meantime there seems to be little reason for BTC to dip below the channel, but given the ripples of volatility the next week may present good trading opportunities as...
I should make a video so you can hear me laugh. At Tesla baggies face. But it is late here.
Robinhood = free trading "app" for complete casuals. It attracts complete noobs that look for an easy way to speculate and do not care / understand about quality of service. It's really the noob magnet.
Reminds me of...
Celr will probably correct a little before going up again for new heights.
I would wait around those support lines for entry and enjoy the ride up
Also if we're looking at our support lines those could be the turning points for the ABC correction waves,
And being supported on the 0.5 and 0.65 fib lines.
My strategy would be something like:
Bitcoin is in a correctional momentum for now and created a bearish engulfing candle stick. A close below the red line will confirm a correction towards the next support first at around 7038 USD and after that 6500 USD.
Remember to drop your LIKES and press the FOLLOW button if you are interested by our forecast and be free to DISLIKE the post or right your...
The price for gold is moving in a downtrend, making lower highs and lower lows. Price just made a bear flag pattern, and broke out of it. We should probably see a continuation to the downside since the correction has seemingly ended. If this setup is validated, prices should rock-bottom to the 1270 area. Remember, always take your profits earlier when they come.
We have been made attentive to an epic overbought NVT Signal indicator.
Depending on how you position the trend line, the NVT Signal is crossing the trend line, announcing the correction.
Do you have a rational analysis that supports a rebound on the NVT trend line and another bull leg for BTC ?
This stock is moving in a downtrend, and the weekly timeframe shows a possible right shoulder forming. A break of the neckline on this weekly timeframe will signal further bearish momentum. On the 1-hour timeframe, price are trickling down as the momentary uptrend has finished and prices are below that ascending trendline, forming a series of lower highs and lower...
Epic BTC Overbought NVT Signal - more aggressive correction than 7th December 2017 to come ?
Thanks @Magic for pointing that signal to us.
How do you think the major Alts will behave if this correction starts now ?
Massive support on the ascending channel.
We are wanting to break the top of our current Pennant resistance and if we do I think we will see strong volume and a push to $8,600/$9000 before a correction.
Possible that we lose the support of the ascending channel and drop below to the $7,500 - $6,500 region for a nice correction/accumulation period.
I think we...
Trump tweets on the Trade War is driving the stock market correction. Fundamentals and the underinvestment of the market at large remain relatively unchanged. A correction to the 7600s on the index will be a good level to consider getting involved.