as with the BLX chart on the 1d TimeFrame, the recent drop from 9k to 3.7k is the first time that price action has gone below a major low confirmed by the blue circles in the hash ribbon indicator.
the blue circle that flashed in jan. 2020 confirmed the major low of 6.3k in dec 2019. that price was around USD 6.3k.
now that the price action has fallen to 3.7k...
Learning how to apply S&R on this gold chart.
After reviewing, I have come to the conclusion that this is forming a bearish momentum.
It can either; retest at the level and bounce up temporarily or remain in the downward trend until 1400 zone.
Looks like GLOW may be signaling a bottom. With a green hammer forming on the daily chart this could be a change in the trend. GLOW has been flirting with sub $.19 but held up well. GLOW has a p/e of nearly 1.28 and total assets of 15.42 mil. Could be a short squeeze coming.
Short going once, going twice and let's sell...
Here we have it, as you can see my previous call on this didn't go in my favour at all in fact it went to the upside taking out current highs. This time it's sell time. I believe that we may be in for a real treat and prices may decline at 72.00 or go to the upside and reverse near the 76.00 Region taking out lows of...
Today's price action has effectively created another double bottom over a 40 hour period - showing that loss of downward momentum bulls and HODLers have been hoping for. It's the first bullish signal we've seen for days. So we can look to add or follow the next break higher when it comes.
Right now Bitcoin is making a small continuation pattern but so far holding...
Warning! First trade idea published...ever...by a rookie....albeit a confident rookie (aren't we all?). I'll admit I got sucked into the CryptoCraze in December and made many foolish mistakes during the huge bull market. We all know things have come crashing back to reality but I have a new found respect for the market and have found an incredible interest in...
Testing the target range at 248-245 so closing this short out
for 13 points or so profit. Only looking for next short here is
the gap starts to give way and it breaks below 243 looking for
a move back down to 227 at least and if this level fails to hold
up back to 203 where will look to reverse long again if struck.
Worth waiting for: now coming into the first suport zone at 274-261. Put anorder in at 263 with stop about 10 points
lower. Or at 270 but think it should spike down to 261 - that entire 13 point zone is full of whipsaw and pin bars, even to
10 points lower, so the stop needs to be at least 249.It should get a bounce to 319-330 area.
And plan B in febrile...