I've been pretty quiet on TV lately, focusing more on YouTube and quick tweets, but someone asked me to post this after I put up a screenshot in the TV chat room. I've been wanting to post one of my newer somewhat unique charts for a while anyway, so I bring you another chart that exemplifies the inverse correlation that I've been noticing over the last year or so...
Look, with all these positiveness over the price of Bitcoin, I tend to think that this BTC is going to be dumped so so hard.
Unless the 14k high is broken, I am expecting ABC correction with 3 major downside targets.
First = 4.4k
Second = 1.5k
Third = 1k !!!
Let me know your thours and sentiment on BTC price in the next couple of years!
OXY is currently in a long term downward channel and testing the bottom of it. The severe decline in price over the last few years is plummeting OXY into MAJOR support. This confluences with the downward channel, and we are likely (in my opinion) to see a trend change soon to test the top of the downward channel as long as the support holds. OXY, as well as all...
Hello and welcome to my Trade Idea of the currency pair EUR/USD
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe in a beautiful bearish trend.
Weekly: Like most of the time, the price reverses shortly after the long bearish trend to form new lows.
Daily: The trend is bearish and i think the price drops to until the monthly support, the...
Starting with the FED's announcement, USD/TRY started to go up. This means Turkish Market top 100 BIST 100 may start a downtrend. Usually BIST 100 and USD/TRY moves opposite directions. Uptrend of BIST 100 started on May 22nd.
When we look at the daily chart price is on support level, RSI is also on support level
On 4hours chart; price is on support, RSI...
BTC has broken out to the upside from that big falling wedge with one last troll fake-break above 10k and then promptly reversed and fell down even lower than last time, and in doing so at exactly the right time and price it created a resistance line that is exactly parallel to the support, making an beautifully perfect downtrend channel down to that big support...
Price Action (Technical Analysis): Price broke out of the daily bearish wedge, either price continous to break below and test the previous structure it breaks (Support turns into Resistance) or price decides to retrace to a key fibonacci retracement level.
Fundamental Analysis: None.
taking short on the bounce of downtrend line at 0.98800, should've waited for the bounce to enter but I was to trigger happy but will be adding to position when it hits the line.
9:45 tomorrow morning US PMI data will come out
previous 51.5 predict 51.7
may drive down prices if news is negative
sl:0.99073 above trendline
tp:0.98045 at support
There is a lot going on in this chart but there are a couple things i would like to put an emphasis on for Lyft. First, notice that we are in a massive falling wedge structure, generally indicating a breakout upwards. Second, notice the red line i have drawn at the bottom of this descending wedge. This red line could be considered a major support level, as it...
Looking at Price Action in the 1 hour time frame shows us detailed levels of price action. We have a Seller Bias as we are in a Bearish Market, i'd be interested in entering this pair because price broke below a previous structure and looks to be heading lower, breaking this ascending trend line. I'd be looking for Price Action Confirmation such as Bearish Pin...
Not much to say here, only thing to mention is that this is not a good time to be in the trade. I would wait for the down trend to end. Click on my link to see probable outcome.
Details on the Chart.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework....
looking on monthly tf price has broken main key level 0.69892 and ways to downside....on weekly tf price is ranging betwwen trendlines...and will keep going accordi to trend......when we go on daily we can see price is respecting monthly key level.....lets move on 4hr here we can see a symmytrical trangle pattern which means trend continuation pattern......on last...