It's a great thing we're no longer fooled by big big candles being a big move. Proce closed pretty Bullish on Sunday only adding to the combination of randomness . Anytime price created a lower low, I project and expect it tush lower after a retest. This is exactly what price is doing, a reversal candlestick at a key area suggests its almost time to short. If...
Dear Traders, I believe Gold is still bearish and we my still be seeing 1825. Let's see what gold does today but let's bear in mind today is CPI news and market will get very volatile when the new is out. Trade safely.
BINANCE:CRVUSDT In the 1 Hr TF, we see the bearish Trend starting. The bearish engulfing candle that is good sign down side.
Dear Trader, Plenty of untapped Liquidity where I circled in blank ink. A smart Trader should not see that and still be attempting trade even when it looks like wanting to go in our direction. Play safe and wait or risk selling with tight SL. The TP area I am seeing in the first instance is the 1911-1912 area. Trade carefully
Will $NVDA get support from dashed mid-line of down trending channel? This dashed line was resistance before. $NVDA is a nice technical chart to watch. Lots of professional engineers, who now trade, like to trade $NVDA which makes it great for technical analysis.
Hi Traders, After enjoying a whopping 1000 pips sell on Gold for three consecutive weeks from 1843 to 1841 exits. I have decided to exercise a lot of patience for gold to retrace as the bearish momentum was very strong last week and we were able to see some imbalance in the market. Price has been ranging between 1832 and 1848 with a spike to 1853 zone after...
Hi I see BTC still bearish till the support WHITE LINE before accelerating higher (Maybe like the past cycle) Targets: maybe the zone 35000$ - 27000$ Have a nice day!
Market is downtrending It’s not good to trade against the trend so… I’m waiting for the market to get to this order block before I trade it. Byee!! Weee!!!!!!!
Today, we are going to look at the weekly and daily time frames. WEEKLY (W1) : Last week price action triggered a long black (bearish) candle with its closing level @ 46'705, just above the bottom of the sideways trading range of 46'650-50'500 mentioned in my previous analysis. Moreover, the Lagging line is approaching the Kijun-Sen and a cross under this...
DAILY : For the third consecutive day, the BTCUSD closed, on a daily basis below the Tenkan-Sen (TS) or Conversion line ; such kind of price action should be seen as a additional warning signal of a ongoing bearish trend. More over the last two trading days, triggered a "DOJI" pattern which is also a sign of uncertainty and indecision ! The first support...
WEEKLY : Fifth consecutive black candle...The 61.8% Fib ret @ 0.00003702 has already been filled with an intraweek low @ 0.00002915 reached last week. Global picture does not smell good !!! Indeed on this time frame the pressure remains to the downside ! DAILY : In an ongoing downtrend move; below the clouds, the Kijun-Sen, the Mid Bollinger Band and the...
We need a weekly chart perspective on days like this. Looking at this weekly chart for 1 year of the QQQ we are still above the Lower Support level which is at about $360. A conclusion of this pullback could easily take us to the $360 level before this week is out.
TESLA. The fast stock and the fast to drop. Tesla is about the drop with everything else. Tesla is not worth the current value and the value is pushed because of the moneyflow from state not sales. Keep that in mind.
Trade at your own risk. Don't use leverage! Only 5% of wallet.
Price movement range will be kept between 42K and 30K until one them get break, Bitcoins overall trend is Bearish as long as it is moving in this down trend channel( Broke of upper channel line is needed). Strong resistances are on the way of Bitcoin, Hope to see strong support around 30K
Hello traders, Here is an update on Bitcoin on the 8 hour chart of Bitcoin. The head shoulder formation is still active and intact. The neck line is slightly more accurately placed now. As I mentioned earlier, violent pullbacks are quite normal in this volatile market. In the process, a Demark 9 buy signal for the short term also came in. I am still bearish on...
The right time to short $CAR? Finally, the trendline has been violated after an Evening Star Pattern formed on the daily chart. We can clearly see that this stock has been on a strong uptrend since the pandemic, and has almost doubled from the pre-pandemic high ($52.90). Meanwhile, AVIS BUDGET has not been fully operational, sold a big chunk of its fleet and...
I wouldn't go long here yet. Wolfe projection suggests tar price in box between 3700 - 3810. After that; to the Moon. Overlay from October correction second wave fits this one pretty well so far. Sell the rallies! GLTA!!