A lot of recent talk has turned around on a massive resistance thought to be just ahead for BTC. Bullish sentiment sees this resistance level as eminently surmountable, yet, as altcoins slump and quiver in BTC's dominance, hovering somewhere near 56 per cent of the market, what the market may signal is the desire for a short term correction. Saying this, however,...
Market tanks, people buy bonds, we're close to another rate inversion. If the market tanks on China news, we're bound to invert again. Keep an eye on it before you go long on anything,
For the past couple weeks, essentially every media channels were screaming out about TVC:US03MY - TVC:TNX yield inversion. While more scrutiny is desired, we are essentially sitting at the crossroad with heavy down-pressure in our shoulder.
Just took a step back and looked at the big forest winding all the back to the 1980s.
Let's take a look and see what's...
We almost reached our IH&S Target of 1900 Sats Today.
Target was reached way earlier then i expected. Which means there is more room for growth before ADA summit on 17th-18th april.
If we Break 1900 sats in few days and close above it then we may go towards 2400.
If BTC helps Ada may also reach 3k Sats very soon.
Positive Signal: 50 EMA Crossing 200 EMA on...
Absolute Beauty !!!
Look how Well FIB Retracement sits.
A long way to go for ADA to Break that ATH. So, lets take this step by step.
Currently, Ada is fighting with the neckline of the possible Inverse head and shoulder bottom.
IHS target is around 1900-1950 zone. Which also happens to be 0.5% retracement zone.
Shelley is Coming.
Here is a comparison chart of the S&P large cap inverse shares.
Looking very similar to Dow with even longer standing uptrend that is currently testing a bounce.
Check out RSI levels compared to last time at this level and what price action followed.
Again I will be hedging this short term *week or less while picking up shares in the index at a fair price....
Here is a Daily for SDOW (inverse dow shares)
Basic chart with long term support and Trend based fib extension meeting on or near current price levels with falling sell volume.
I also see the Nasdaq being at or near a falling wedge pattern trend line.. will update.
Good luck and safe trading .
I've never traded Roku, but saw the chart earlier and noticed a possible inverse head and shoulders formation with resistance around the $44.50 mark psychological and depending on where you draw the lines. I'm going to be watching this one closely over the next few days for confirmation... as all you traders know none of this is financial advice.
Let me know...
0x:
1) Falling Wedge.
2) Possible Inverse Head & Shoulders,
with right shoulder forming.
3) The cloud remains bearish on the
daily but has flipped on the 4 hour,
creating some bullish sentiment.
4) MACD looks sideways on the daily,
though seems bearish on the 4 hour
5) RSI continuing rising trend on the
daily. May drop down to rsi trend...
Idea : Recently broke above Res1 and pulled back. If support can hold we can climb higher.
Support : OPEC recently agreed on a cut in production.
Support Links...
Looking at the 4H chart, RSI hitting almost oversold + a good Inverse H/S happening.
(This is not financial advice, this is a volatile market where anything can happen)
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