The current situation of Bitcoin is very uncertain, buyers are trying to maintain the support level at 6,000, which corresponds with the EMA200 on the 1W time frame.
We are now just a few hours away from the weekly close, and if it will be above this support level, the market sentiment will be positive again and we could see a new test of this week's high (6,900),...
Wait for gold to show where it wants to within these trend lines. I plotted two simple lines connecting wicks from highs to lows. We will wait for price and wherever it breaks out of we will enter accordingly after a retest!
Happy trading folk
Looks like volume is picking up and #pinterest is going to make up the gap loss from November 1st. There was news that Pinterest passed Snapchat as number 3rd biggest Social Media App . I think it has the potential to go on a bullish run with my target being in the $30-35 range.
Although in the last few sessions the EMA200 broke down, the sellers have not been able to push the price in deep red; in fact, the latter found support on the FIB 0.5 level (8,474), thus recording a loss of just 2% as a result of this important breakdown.
This indicates that there is a good propensity to buy at these levels; however, prices have been rejected...
Evening Traders!
Today’s technical update will be on Facebook with an oversold bounce coming to fruition, this is similar across the board due to the immense sell pressure.
Points to consider,
- Trend broke key 200 MA
- Local resistance being tested
- Local support at .50 Fibonacci
- RSI approaching yearly lows
- Stochastics in lower regions
- Bull Volume...
Day flexing hard at fib levels marked out, looking for a good upside coming up week. Someone needs to find a cure for this corona virus junk !!
Tp set (3) marked with green lines and arrows pointing to them
BE COURAGEOUS IT WILL PASS AS ALWAYS IF YOU HAVE CASH ASIDE JUST BUY THE DIPS YOU WILL BE REWARDED IN FEW MONTHS
Take care of yourself and relax and keep calm
Taking a look at Facebook (FB), we can see it is currently getting sold off quiet viciously. However, there may an opportunity for a trade if price pulls back towards the 200 day MA in red which has served as an important support point twice in recent months. This 200 day MA in red may serve as a base as it has in the past. Just something to keep your eye on.
200...
Facebook is currently flirting with disaster after breaking through the 200 MA on the 4 hour chart and the $200 psychological price level.
It should keep heading down the rest of this week and into the next before finding support around $190.
At that point I would scoop up some discount shares.
The Facebook stock will drop below 200.00 key level due to that future earnings fall short of expectations due to rising cost. Mostly the income higher report earning comes from the mainland China which China is among the major contribution to the share price. While the pandemic is still happening in the background.
The reported cases has shown less number than...
Another retracement up to 10k? I’m thinking so.
Sucks to monitor this thing all day and night but it’s the only way if We want the full gain until I can afford 100% stop loss ...
-DTV
