Consolidation was broken upwards, but the target was not reached. After a rollback down, the stock is bought in the area of the local support level 108. A breakout of the resistance level in the area of 121 may lead to an increase in the area of 134.
Clear rectangle on the January Futures of the RBOB Gasoline.
A breakout could lead to an interesting trend to ride.
When trading commodities and futures contracts you should always take into account the specifications of each contract to calculate exactly how many contracts to buy or sell short on the basis of your risk management and position...
I would like what currently I'm scared of on current graphics.
Let's start with indicators analysis. As for me, I see a pretty good perspective for a BTC price. Currently, AO, MACD, Stoch RSI and RSI are awesome, I mean due to a daily chart all of them show that we can expect growth. Might be this could be confirmation that soon we will see the second shoulder...
XAU/USD still didn't show a clear path, but I would suggest on the Medium-term to accelerate back to 1300s! But for me now I will wait and watch because there might be a bit of room to the downside to go to drop till 1242 and then hike back in case no breakout confirmed! (That's way I will be extra cautious)
Blow off top in 2017, need to have capitulation yet and have even hodlers doubt themselves feel long, intense pain and want to die, then "slowly" (relatively) build back up to just go parabolic again to 100,000+. Upon reaching 20,000 again I wouldn't doubt a sell off to 15,000 but then shoot to the moon, maybe 500,000, then crash to 50,000, rinse and repeat.
Long Island Iced Tea recently changed it's name to Long Blockchain and in the process caused a huge price spike. This move broke previous strong support level around 6 USD.
As price returned as sharply as it broke it has now retrace back below the 6 USD level. This could be a strong fake breakout reversion. Potentially this could go to 4 USD and beyond.