Good morning, traders. Bitcoin has continued pushing higher this past weekend, ultimately marking $11860 on Coinbase before stalling out in supply. This is also the flag resistance and the median of the Andrews Pitchfork pulled from the July 17th swing low, July 20th swing high, and July 28th swing low. A pullback at this point shouldn't surprise anyone, but if we...
Good morning, traders. Things got interesting near yesterday's close with price dropping and then rocketing back up. This was a very strong reaction out of demand at $9100 following a low volume sell off. As a matter of fact, that pop up had the largest M30 volume that we have seen since July 18th and the swing low nearly found the July 17th swing low. This led to...
Verge's luster has kind of worn off over the past few months (to say the least). But that does not mean it doesn't have the capability to make us money. It's currently right around its historic 1.5 year low of 53 satoshis, going back to December of 2017. On the weekly, its RSI is in the oversold levels hovering around 29.3. Lower time frames show potential...
When we analyze Aud/Cad on the daily, we have left the support area and moving up. If we go to hour 4 , We have the moving average crossover and even though I have not included them in the chart , Full Stochastics has left the oversold area and the Rsi set to a 9 Period has also left the oversold area. I included 2 Take Profits on the chart! If you buy now you...
Good morning, traders. I mentioned that I was cautious yesterday pending the outcome of the local TR. I said that we needed to see demand volume increasing, especially as price pushed through the descending blue resistance to signal a likely reversal, and we did. Price attempted to print a Spring on Bitstamp, but was not able to do so (price remained above the...
CL1! has completed the stretch price objective for a channel breakdown at 1.382x. This price objective also ties in with an ABCD completion from the Apr peak. You can see CL1! has formed a double bottom on high volumes and price action has broken a new SSR level on the upside. Normally on a breakdown or break-up, we would expect to see a retest of the previous...
BINANCE:QKCUSD is now sitting on strong support. As you can see it broke the downtrend and is now retesting the downtrend line. It's also formed a large double bottom. QKCBTC has never been lower (almost a double bottom as well) and I believe Bitcoin will retrace so look for a BTC bounce from here due to the USD double bottom.
In the past 8 hours COINBASE:ETHUSD pair has gained 11.43% as the bulls took control of the market. Ethereum has formed a double bottom formation, with the price crossing the $165.00 USD resistance level, signaling a bullish momentum in the market. Breaking the upper resistance level at $177.00 USD may see ETH set a new support above $200 USD. Add ETH!
After bouncing off Yearly lows of 255 Tesla is breaking out above previous day's close @262.
Here we see the 4 hour eurjpy chart, with a few reasons to go long. One is the bullish chart pattern that was printed. Second is the double bottom that is circled in yellow. Third is the 2 osc just leaving the oversold after giving them a quick kiss goodbye. I am personally taking this trade, how ever its not a signal. Just an idea. Thanks
Simple analysis, similarity with last bear market. Check the chart details. A fakeout down to $1.8-2k levels is possible. Up or down from here? Let's see... we'll know VERY soon. Leb Crypto
Is this time for Reckitt to reverse and head back upto 72? Could form double bottom reversal and head upto 87. Time will tell.
Bulls may have gained the EMA 12 , 26 , and broken a minor downtrend line , but the Bears have MA 50 , 100 , and with backing by a large downtrend line . MA 100 is settling right atop the down trend line from September , and recent price action just saw MA 50 act quite quick with profit taking. While a minor double bottom reversal may have formed...
Long Facebook I don't have fancy charts but the recent candlestick chart is clear that Facebook had completed its double bottom reversal to turn bullish. This is confirmed when Facebook went above $171 today in a continuation of the bullish pattern. Facebook also announced superb results despite the negative privacy news about it. Finally, it would appear that the...
Hi traders, now we can see the beginning of a potential double bottom chart pattern at the 4h chart on EURGBP at a support zone. This will give us a good reason to go long and trade the double bottom reversal. A trend reversal is also posible so I will open 3 positions with 3 different top ups. I wish yo a good trading week. Stefan Forex
HODL today, buy Lambo next year. Want moon? You have to be bold/patient (is a virtue) when everyone else is fearful. If you are waiting here, you will never get that $3,000 that everyone so desperately wants. Here comes the short squeeze... Merry Christmas to all you good boys and girls. The greedy will get coal in their stockings. Your's Truly, -racethehair
As we make the "Three Drives Pattern", the bear shorts will come in even heavier - one final time We have an obvious ascending channel and we need to follow the trend. Weekends are typically higher probability for bull runs. Stocks are climbing Fundamental Analysis: Retails investors don't want to miss out on "the bottom", even though this is not the...