BTC hit a top for a few days. Will go side ways and down a little bit to bring down the rsi a little bit. Then a quick pump up to 76-81 rsi and then a quick turnaround right back down to where we were a few days ago. 4200-4300 should be the top.
Finally breaking above the 1 day 50ma with authority was a great bullish sign up until the price action reached the double top point. As soon as price action retreated right at the double top point exactly it gave a great opportunity for the bears to shove the price action back downward. It may be a good risk reward zone her to exit my position and set a stop buy...
Low volume, high spot in the sky. mmmm... and plus the slicer! something has to give. Will be playable only on Jun 1st 2019. Cheers, Keops
CADJPY POSSIBLE DOUBLE TOP FORMATION RESPECTING A RESISTANCE LEVEL
The position to be immediately executed is short UKOIL due to the fact it is trading near a previous resistance level which is seeming to be a good market structure level to enter from. The RSI again is not very helpful in conformation but the MA shows us that the price is trading above and therefore price could potentially need to let off steam before continuing...
-Potential short if: -Double top is retested -And bounce off 0.618 is definitive
ZCASH/BTC: 1) Falling wedge breakout 2) Possible double bottom 3) Both RSI and MACD bullish on the daily 4) Volume picking up, still lacking though. 5) Keep your eye on bitcoin as it influences the entire market.
2015 S&P 500 Death Cross (34 wk SMA cross 340 wk Double Hull )
2015 S&P 500 Death Cross (34 wk SMA cross 340 wk Double Hull )
Hey all. Bitcoin is currently trading inside a bearish rising wedge with bearish divergence. I think we could do one more push towards $4180 before I expect this pattern breaking down again. The success-rate of this pattern is high. I am still waiting for a new low below 3k, and I am short from $4170 with my long hedge from $3300.
SPY breakdown leading to overall downtrend, PKG seems to have fizzled out of its ER catalyst cannot hold these levels I predict its going lower. Strike $85 $2.4 Stop at 1.2 May go lower if spy continues
Seems like we're done with another real estate and stock market bubble, could be a double top on XLF.
8 minutes ago btc still oversold on daily buy retest of inv hands 7 minutes ago Comment: DOUBLE BOTTOM TOO TARGET MATCH
Price captured by downward ellipse.. looks like market participants is slowly realizing that the punch bowl will not be refilled.. Busting 2nd ring is not a positive indicator.. Cheers, Keops
inside what started out looking like a descending triangle bearflag we have developed a small falling wedge(bullish)on the 1hr chart...shown here is the 4hr chart. The initial 4 hour descending triangle we have already broken below but the whales seem to be holding things above 4k thus no breakdown was triggered casting much doubt on tis being a descending...
Buy at 1.6590 Goal is 1.6777 Candle D1 close above 1.65780
Hello Traders, Find out my thought process when I look for trades. This video covers patterns, fibs and S&R levels. Enjoy! Kaetea Ng