Vcash continues to slide down since it reached the high on the 15th of January. It has already lost 55% to the Bitcoin, but where is the bottom?
The Fibonacci applied to the corrective wave after the uptrend trendline breakout shows that 161.8% levels was broken and has been acting as a resistance, that was rejected twice.
As the trend remains bearish, the...
*** Don't take my word for it, I'm just a rookie who studies a hella lot***
First post so a little bio:
I've been following crypto for about 10 months now with only a small investment while I studied and learned more about the markets. I have dedicated several hours every day to learning various crypto projects, future outlooks, and of course, analysis....
DXY Dollar Index
The Dollar Index has fallen to the next blue line of support
91.76 after an intra-day low at 91.75. It's trying to hold here.
It's still trapped in a near term downwave and struggling to
escape. It's already made one attempt to escape the down-trend
and is trying again now. There are pins forming below the low
and above it too on the 2 hour...
Wow I'm actually pretty surprised BTC is going through a major dip right now. Last part of chart show a diverging down wedge where prices may go as low as $12k within the next 5-6 hours. However, the bulls might fight back and buy in pushing the price back up passed $15k. Only time will tell...happy hunting my friends! Please follow if this was helpful <;
PTC seems breaking down from Long term upward channel. Moneyflow also broken down to the negative side. We think it can decline as low as $44 area. We would also consider $52.50 July-17 Puts, last traded for $2.30
* Trade Criteria *
Date First Found- May , 2017
Pattern/Why- Upward channel breakdown short.
Entry Target Criteria- Break of $51.43 or Rally to...
CHD seems breaking down from an upward channel. It crossed down the lower channel line & seems it will go down further. We are looking for a quick short opportunity here.
* Trade Criteria *
Date First Found- May 1st, 2017
Pattern/Why- Upward channel breakdown
Entry Target Criteria- Break of $49.32
Exit Target Criteria- $48.25
Stop Loss Criteria- N/A...
SPY broke down from an upward channel & seems approaching to channel support from beneath. We think it will be a very good shorting opportunity if it holds below the channel & reverse from there. And to trade that we would consider $235 Puts
$235 Put option
* Trade Criteria *
Date first found- April 11, 2017
Pattern/Why- Upward channel breakdown
Entry...
