An warning update on my previous chart from a 2-3 weeks ago roughly, we see that BTC decided to delay the inevitable by not touching down a 4th time at the time I published my initial chart back then. Instead it decided to consolidate furthermore and attempted a break out again only to be stopped at the top of the downtrend channel outlined on my chart by the red...
The 2000 and 2007 down trends seem to have really started when the blue Stoch RSI line crossed below 20, which seems to just occurred here. Will a downtrend start in the next two months instead of September? Stay tuned! Same bat-time, same bat-channel!
Background: Price found enough demand to halt its current downmove @1.46300 where the current minor rally broke the (red) supplyline indicating that demand outweight supply at this moment , the rally stopped near the current high @1.5552 which can bee seen as current resistance which needs to be overcome in order to speak for returning strenght to the market ,...
Background: Aud/Usd Remains in a downtrend but we found support @0.75600 ish level and price found balance, we formed a minor range between 0.7560 support and 0.7914 resistance , where price broke thru resistance but price traded back into the broken resistance, however its not over for the bulls as the up channel is still intact and if we find buyers we may...
EURUSD is at the 32.8% fib retracement, wich then holds we can see the major downtrend continuation. If it doesn't hold then the EUR could reach for a higher position to the 23.6% fib retracement, wich it then should fall if it's about to follow the major downtrend wich it likely will. When we see a break of the 23.6% fib retracement level then it would no longer...
i think we have to high price for apple , and i think apple will be very expensive , it's going down for along time in feature
The double top of yesterday broke down, although it did not go straight down to 240, we were able to take profit. Unfortunately that same pattern is not visible on the huobi charts, where there was a weird head and shoulder / triple top-ish pattern. Nevertheless, all charts where pointing down. Today I use BTC / CNY on huobi for chart because it illustrates a...
It looks like the rally in bonds is finally done because it had 3 legs up and is forming a potential M pattern. The obvious target is back down into liquidity at the 200 sma. What this means for the market is that it should have a strong rally to finish off January in a positive note and a positive tone for the rest of the year. This final move in bonds...
The retracement from the 255 low seems to be completing at the moment, an ABC correction should be expected at this point. After this, we will resume the decline towards sub 260 prices to retest the lower trendline of the big descending wedge. After the first corrective leg down (correctionA) there will be a correction to about 50% of the fall, this should put...
If it breaks the neckline and confirms the head & shoulders top, you can expect another leg down to 8136 - 7700 (maybe even this year). If no breakdown occurs and 8902 holds, I expect a decent bounce to 9500+ Also, interesting ratios between the last 4 waves indicate good downside potential.
up or down !! if up => go to 2050 if down => bridging the gap in 1950 and maybe later in the very long term go to "1800-1700" What is your choice ? up or down !!
Just watching PA in this area. PA is Beginning to push up against both a down TL and resistance area. If price breaks through it may continue move up toward the recent 101 high. If it breaks lower look to the recent low where buying volume was very high. I have purchased a Jan.15 call w/a strike @ 100. w/ the holiday season approaching I believe PA will get the...
Check the points on the chart: - The down trend is still in place - Recently no great news have been release so it is still trading there - Some gaps are still left to fill, although this is not a strong aspect - Technical indicators are turning up and may show some upward trending 18 seems to be the max achievable price at the moment and if reached will show...
Recent actions put ZNGA in a paralel downtrend and touching the 200 DMA, an important level. There are some small triangles formed between the falling 20 DMA, the 200DMA and the trend resistance. going below 200 DMA would lead further sell-off. An interesting triangle forming leading up to the earnings date (formed from the floor of the pervious gap and the down...
For now even good earnings failed to change the trend after it broke the previous trend support line . Latest sessions bounced off 150 DMA, but there may be some elliot wave type of action pushing the price lower for now. Also it covered a gap from some time ago and for now is below the middle bolinger that has been a good indication of a bearish trend for this...