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...
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 ?
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 ?
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.
WHAT AN EPIC MOVE! PARABOLIC IN ITS FINEST WAY!
As we see on this 1 D chart on Coinbase, BTC just crashed all the ''imaginable'' resistances! BTC is KING!
But what goes up so parabolic, needs to come down again... and also BTC needs to do that.
I think we have started our correction today, and now, the question is:
How low will BTC go and where it...
Binance hack of 7000 BTC together with TA makes me believe this is about to happen.
Correction in two steps, first 4800-5000, then 3500 bottom. Hopefully :D
Don't panic, just prepare and set stop loss accordingly if you want to accumulate.
Good luck and let me know your thoughts!
The price for the EUR/CHF currency pair is currently moving in a shallow dowtrend, making a series of impulses and corrections. If history repeats itself, we shall enter a short position around the 1.14000 area and target the 1.13600 area, being close enough to the beginning of the correction move (bear flag). At the 14400, this trade will be invalidated. The bear...
So, trade war news and we get this. SPY tumbles and loses around 2% in two days. Scary. If trade talks are not resolved, we can expect continued losses. We were in a good growth pattern since the beginning of Jan. Market is still trading above 50 and 200 day EMA levels so we can hold the fort for now. Watch carefully, stop loss! If trade talks are resolved and...
Hi Guys! I have updated my chart...
As we see on this 1 D chart on Coinbase BTC is just in savage mode! Ripping up and up!
But BTC cannot go up forever without a decent correction, I see 20-30 % correction coming very soon.
6 k areas are really the strongest resistance of 2019 so far. We might have topped out already. But I see 6200$ or 6300$ also as a potential...
In this interpretation important (shallow) WXY correction is already over and down trend is continuing (that is main thing). Looking for shorts seems reasonable. Recent pinbar is massive and on important spot. Support becomes resistance.
Picture tells more than a thousand words.
USD/JPY is in a flat correction where it has completed the leg A and B, now to finish the remaining C leg, it has to come down in 5 waves but after then it will either reverse to the downside or continue the bullish trend to the upside