Bearish Case: Head and Shoulders -- continuation to $7,900 Bullish Case: Falling Wedge -- breakout to $9,200
Short opp on AUDUSD after demand has been met at supply is showing surplus above EQ
Here we have a short opportunity for USDJPY based on the laws of supply demand, shifts of the supply/demand curve in relation to current Equilibrium status
Hello traders, Today’s chart update will be on CGC where a trend chance is upon fruition if key levels are broken (Inverse head and shoulders still valid from previous chart – linked) Points to consider - Higher lows evident - Major support at POC - Structural resistance yet to break - Stochastics in upper regions - RSI bouncing off support - EMA’s holding...
It would make sense to be forming a large pennant pattern after the run Chainlink has had in 2019. I expect it to go for a re-test of the upper trendline if we see some bullish price action from Bitcoin. The 2 red resistance lines are the major resistances I'm watching on this move up. I would expect some bigger consolidation after touching one of them. There is...
Clean tightening range or equilibrium pattern. 3 major things can happen, 1. It'll continue to tighten the range and we'll just wait for it start breaking lines. 2. It'll begin breaking supports and we should watch for it to hold one of them on the way down, but we're in risky territory. The longer we don't hold above $1.40(which is where a large long term...
Quick update. We saw the initial pop off our lows and price action getting above the EMAs to then ultimately fail and come right back below. From there we saw our low set at $7080 and the bulls give a nice solid pump yesterday up right to the top of our resistance zone at $7775. They then gave nearly all of it back but technically set a higher low by $6 at $7086....
I believe Bitcoin will not follow the price action from the previous cycle and instead carry out a consolidation, bullish pennant, equilibrium formation. Price in equilibrium pattern as it gets squeezed over the coming months RSI projection is heavily bearish 200WMA forecasted to intercept upwards sloping trend line for potential pivot point Monthly...
Equilibrium underway on EWZ. POC currently set on support. Will be watching for a push past POC, 50 EMA and 200 SMA to the top of the EQ. If price can do so, i will reevaluate volume profile once closer to resistance and watch for the inevitable break to either side. If price cannot push past, we may break bearish and work to 36.66 support.
With my daily and weekly bias being bearish I analyzed H2 EURNZD to find an entry! Found something exciting... a double three elliott complex pullback coming to an end with some fibo confluence. Plus possibly a Wyckoff redistribution cycle coming also to an end and D1 range equilibrium to be broken. So a sell limit is being set BUT i will monitor price very...
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Hello Traders! Today’s chart update will be on NEOBTC after having a massive bull break from local lows, NEO is currently are trading in an equilibrium coming into its apex of this pennant. Will NEO put in a new higher low before continuing this new trend? Points to consider, - Trend broke lower low structure - Local support in confluence with .618 Fibonacci...
We waited a few days to let the dust settle as expected. Volume dropped off and price action has slowed considerably. We were watching for a higher low ideally above $8500 last post with 9k being a level to watch. Thus far $8917 is our higher low. From there BTC began entering an equilibrium which did have a bear break yesterday after briefly tightening up within...
Great news! Our enTHUZed TradingView channel has been selected to take part in beta testing for the next video feature - live video streaming on TradingView. This feature will allow us to broadcast in real time and the audience will be able to engage live via chat. Think of it as Twitch for traders. I am told we will be one of the first channels going live next...
Great news! Our enTHUZed TradingView channel has been selected to take part in beta testing for the next video feature - live video streaming on TradingView. This feature will allow us to broadcast in real time and the audience will be able to engage live via chat. Think of it as Twitch for traders. I am told we will be one of the first channels going live next...
We couldn't reach the maximum target at 880, the daily 200 MA reversed the price and print a doji. We are now in a range of equilibrium, which could give us more lower lows. I still have stacked my order till 6k, thew worst case in took in consideration. Btw i wanna quote this : "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful"
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I've been trading BTC for years at this point. I have seen many equilibrium patterns play out. This particular BTC EQ pattern is one of the largest I have seen. It will break. In Bitcoin, market contraction leads to market expansion. There is no telling if it will go upwards or downwards. The most important thing to do is be in a position to react appropriately to...