TSLA has been trading in a falling wedge since the middle of december 2018.
It perfectly touched the upper and lower trendline a few times and now broke out above the upper trendline.
Entry for this is anywhere around 292$-295$
Target = 372$
Stop loss = 235$
Risk/Reward ~ 1.4 - 1.5
the breakout target for this one is right around 39 cents, this breakout comes on the heels of the IMF saying very good things about ripple as they tend to do and Asheesh Birla revealing that not long from now xrp will be expanding its corridors beyond just Mexico and the Philippines.
- Currently we see the market is bearish on the 1D time frame
- Since CAD is affected by the oil price we are waiting for the buyers too loose strength
- This could be at the resistance line of the downward trend for the 1D
Stay tuned to see if we will be entering this week.
"Be fearful when others are greedy and greedy when others are fearful.”
Possibly one of the most influential quotes of all time when it comes to investing. While this is necessarily not always the case, Warren Buffet understands that the whole merry-go-round that we call the stock, gold etc. markets are based on one, though far from simple, thing: psychology of...
A bullish wedge is what we can see here on the lower timeframe (1hr), I'm trading this as shown on the chart.
We see the price closing in what means the bears are losing control pushing the price down over the buying up from the bulls.
This can be traded on the breakout, but with a narrow wedge like this there is more chance missing the entry.
You could also...
Moving averages. Whether you love them or hate them, trade with them or without them the fact of the matter is that some of them are very significant, even on their own as they can act as support and resistance. Once they cross however, their power can absolutely make or break a market as seen countless times in the stock and gold market but also with Bitcoin and,...
Good morning Whale's parasites!
My 9 dicember idea is still perfectly valid. In my charts you will see the clear things. I will never give you 2 directions.
Down is down and up is up because in a market 100% manipulated as BTC we have 100% accuracy in forecasting. Impossible to give 100% accuracy if it were a real market. That it is a manipulated market is a...
We are in the end of this bear trend, but we will fall a little bit more one more time.
Be prepared to the fast fall!
If you are longing with leverage, don't forget to set your stops to prevent liquidations.
In my opinion, in the next weeks, we will fall to USD 2750, maybe with a leg touching the USD 2400 or something like that, and then Bitcoin we will rise up...
We can now see on the Total Marketcap's weekly chart we have managed to inch our way above the weekly 20ma's strong support. We need to of course close 2 consecutive weekly candles above this MA in order to confirm we have flipped it from strong resistance to support however and we can see the weekly stoch rsi is currently overextended and could potentially see a...
On the chart, we see that we started the downward movement, as you can see, a “falling star” reversal candle was formed earlier, which directly signaled the impending fall. As it seems to me, the fall will continue further if we do not restore the price and break up the blue line.
I wish you good luck, do not forget about the stop order.
Bitfinex 1D chart
What happened today is of course this manipulation, the index of greed is off-scale, so this fall has happened.
Can we think for a long time why this happened?
But the fact remains.
This is what I showed on the chart.
Here showed a grid of levels and lines of supports and resistances and possible options for continuing the...
An update to the weekly falling wedge we've been keeping track of on the total crypto market cap chart. We currently are breaking up from the 1 day yellow falling wedge. If we can maintain above the 1 day 50ma(not shown here) which we likely will, we will also trigger breakout of this larger 1 week red falling wedge! If we trigger the red falling wedge the entire...