Eur / Nzd - Bull breakTightening range and low volatility, high chances for a Bull break in the next days.
Hvf
ICX OBV Bull DIVBINANCE:ICXBTC
For too long this coin has been battered by bears. OBV doesn't lie and is showing healthy accumulation.
Target 600 sats. 4 R/R
Bitcoin Volatility Funnel can lead to 9.4KBitcoin created a volatillity Funnel that can lead us into 9.4K
2 targets at 8800 and 9400 , btc can keep moving sideways at the funnel, we will wait to breaking out from the funnel - with a lot of volume.
Might see $AKS Ak Steel Corp see SUB $2.00Entered the short on this trade at $4.65. The RRR on this trade for me was incredible of about 17/1 with booster IHVF's supporting target of the macro IHVF. Took some (60%) of profit off the table at Interim 2. Fallin over like Dominos
Twitter Not Looking Too GoodTwitter has been setting up a couple pretty strong bear patterns.
There is a nice forming H&S pattern with the right shoulder forming a low slung triangle pattern with the down-leg candles strong the the up-leg for the triangle and also the H&S pattern.
Moving averages has also decided to cross bearish with price action showing below it. The 100 EMA on the week looks to be the only support looking to support Twitter which happens to be around the red line drawn. Might have a little support from that. Once that breaks, no real strong support until
about $14 (All time low)
Possible short @ $29.44
Stop Loss $32.11
Taking most profit around Int 2.
S&P500 to have a strong drop soon?Strong rising wedge for the S&P. Could this take a healthy fall back down...RSI implies it is overbought
Also we had a parabolic move up from the lows of December/Jan...with no real healthy moves down for a recovery period on the way back up
Hypothesis: price reaches near ATH to fail at resistant levels. If it price proves to move back down, I think it could make a W shaped pattern before a move back up or complete a right shoulder for a inverse head and shoulders pattern.
Bitcoin to see $9400 soon? BINANCE:BTCUSDT has established its strength in the markets lately as the dominant coin again.
BINANCE:BTCUSDT seemed to have taken a nice breather and is most likely setting up for its next run up.
With moving averages to support this bull trend, I have two targets set for this trade.
Target 1 : $8,800
Main full target : $9,400
We can easily keep going up from here with my far out target of about $12,000 but for now my main focus is to take profit at the designated targets listed above.
#BitcoinIsBoomin!
Bitcoin to 9k? Bitcoin keep building the Volatility Funnel (HVF Pattern).
What we want to see is btc breaking the price of 8043 with a lot of volume - if it will happen we can expect btc reach the 2 marked targets.
Enj Volatility FunnelIf ENJ can break the marked price level we can expect it will reach the marked targets.
Theta volatility funnelTheta is squeezing at price level of 0.119
The breaking price of this funnel is 0.123
If Theta can break that price with high volume then we can assume it will go to the marked targets.
SPY showing fake bull rally? Could Bears Be On The Way Soon.....The stock market has been rallying bullish the past few days and weeks but with negative news in the economy and with the trade war, the US Dollar and US market could be heading into a bear market soon...
We could be looking at a suckers rally at the moment. Here are a few reasons why...
1) Price gets rejected at the top of funnel (Green Line) which is a strong support line.
2) 200 MA & 300 MA hovering right above with a little wiggle room on the 1 day. Looks like strong resistant areas. The 200 MA and 500 MA also crossed bearish with the 21 and 50 MA's.
3) OBV showing a grind line which could possible break soon..
4) ATR showing drop in volatility...potentially looking for a big move soon. Considering ATR has been going down while price is going up could be a possible divergence
BCH (ABC) continuation patternBAB or BCHABC is in a very bullish trend . It is now forming an HVF (triangle), and is consolidating inside the funnel ( parallel channel ), after a what seems to be a fake-out.
The pattern is suggesting that sellers have not taken control yet, although the fake-out is something to keep in mind. the chance to go up is probably 50%, but the risk reward is great. Stop is the most recent low made (190). Best is to buy as close to the low as possible, or when volume confirms a 2nd try for a breakout.
XBTUSD Upside HVF Potential Setup BITMEX:XBTUSD
after a massive capitulation is it already the time to retrace a bit ?
it's a counter trend play, so be careful.. still looking for L2, H3, L3.. waiting until all of the pattern complete to trade this one..
Disclaimer : As a friendly reminder, nothing written below is a recommendation to trade or invest in anything. You are responsible for your own financial decisions and due diligence.
Bitcoin heading to sub $3900?Bitcoin has been looking weak for several weeks now with strong quick down legs and slow forming up grinding legs. This is a bearish sign. Looking at the On Balance Volume, it has also been showing lower highs and flat bottom lows which is another bearish sign in volume.
The overall Macro trend also remains overall bearish with the AMA Cross Bearish and also has a neutral position on the graph with price levels approximately in the center
I have presented 3 downside targets where it would be ideal to take profit at.
Interim 2 has the highest probability of executing ( I would recommend taking about 50% profits of your short at this point)
The main target has a strong RRR and also good profit potential. ( I would recommend taking the other half or all of your profits near this $4k point considering the law of round numbers....typical human psychology).
Your stop loss would be at the green line, which is a price of about 6600 (or slightly higher) depending on what exchange you're trading on.
Good luck and trade wisely friends!
