Examining horizontal BUY and SELL pressure, allowing us to identify our monthly High and Monthly Low zones. The aim of this analysis was to identify the pattern depicting the way in which price had formed into a descending order (downtrend), explicitly meaning that if eventually we watch price pursue towards our resistance level to retest, then there will be an...
We have here a bright set up for the reasons below -Entry reason for most optimal RR would be for price to check support 1 more time giving us a candlestick pattern to enter -Price is respecting its descending trend line therefore price wants to test it again before attempting to breakout -Price retesting its descending trend line 1 more time then gives us a...
Not really much needed to say on this one. Need to breakout convincingly here or else its another bear flag at key resistance level before heading to the 0.5 FIB thats all.
30 - 50 pip move on GA. We have a descending channel gearing up for a quick breakout to form a correction.
Just a casual update on an earlier analysis posted: Presently biased towards bullish. AUD appears to have find support above the blue line -- previously acting resistance of the steeper downward channel since Dec 2018. The pink lines forms the gentler downward channel started since 2017, expected to act as resistance levels for AUD ahead against SGD. Expect...
We have a descending wedge break on gold with a potential target of 1595.
Reversal Pattern Short term: Blue rectangle = supply zone Have to break 7450 according to historical support / resistance, come back and test support Wait for breakout *** I am merely a speculator ***
Continued same old news. Bulls cannot get above the resistance zone I had outlined. Bulls cannot keep above EMA resistance. Bulls cannot hold the $7k support we outlined last chart. And now as explained last chart, once $7k caved, bulls would be in real danger of losing their $6.5k support. And here we are finding the bulls trying to desperately hang on and avoid...
Two major adjustments here to my previous TA for BTC. I realized that the trend that kicked off this run to $14k was actually a continuation of the trend that started @$250 in 2015, this caused the line to slightly tilt clockwise pushing the date to the right for intersection of this multi-month descending channel and the overall ascending trend line which I...
Nice short trade with a triple touch on the downward trend line. ** Remember, we do not predict future price. We simply react to current price movements based on our interpretations of past data.
BTC was riding a 3 month descending channel and recently finally broke up out of channel but has since come back down to test support at the previous top of channel resistance. We are holding support right now and this pattern is also very much in line with what to expect on a break out, test support first, then run. This also could end up, yet again just being a...
Hi there, Another try to see where it goes. The last one i did was pretty good and very close, so let's see what will happen now :-) To me there are 3 possibilities, marked with 1, 2 and 3 The 1st possibility is what i think will happen and this is why these arrows are solid and possibility 2 and 3 dotwise. Looking at the RSI and the Volume going down, i see we...
I have drawn two descending triangles from the December 2017 bitcoin high: one engulfing wicks and tails, and one only engulfing the candle bodies. If true, bitcoin might be in a multi-year bear market, with a final breakdown to the $1000 area—the ultimate capitulation. Your thoughts?
Both patterns are bullish, whichever you choose to interpret it as. Additionally, there is decreasing volume as it reaches its 200ma on the daily. Lloyds has been very well behaved when it comes to chart patterns over the past year. MACD crossing down is a reason for concern though.
Looking at the daily chart BTC is in a descending triangle.. BTC entered it in mid Jan 2019 (at 13,786.41) and is staying within the guide lines pretty well. The triangle is due to end in mid Jan 2020. (at 5,850.63) If BTC stays within the triangle and breakout to the downside it could take us as low as 2K if it breaks to the upside BTC will be making up for loss...
If we can manage to break and hold $9k, it would be extremely positive price action after two months of repression in this dominating descending channel. If we receive more news like the news from China today, we could break right through it. More likely though, based on previous resistance at top of channel, $9k will be really hard to break. If we dont break...
Target of this breakout currently in the 8.3k range however if we can then flip this yellow horizontal to solidified support as well as close the daily candle as a bullish engulfing candle, odds are good that this is just the beginning of a more sizeable rally. Must wait and see how he 1 day closes and whether or not we can flip this horizontal to solid support...