#Bitcoin. Is it going to 0 like all the overly reactive bears are suggesting? As ugly as the current chart looks, as long as it continues to serve its practical purpose as a money transmission mechanism, it is more likely to find stability sooner. Opinions aside, as a trader and investor, I am only interested in ONE thing, and that is ORDER FLOW. As I mention to...
Although It doesn't looks very bad (more like movement in channel) but it's continue to print LL and LH on daily. So If it continues to dump further I think I'll take this short. Information is just for educational purposes, never financial advice. Always do your own research.
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IF you follow me, you’d know that earlier this week, I already saw the S&P500 revisiting and exceeding the last low. While the earlier part of this week saw a rebound, it is wide ranged and volatile. It is about time for a revisit to the lows, and did you know that Goldman Sachs (financials) are leading the way? Technically bearish, GS is leading the reversal down...
Apart from all the FUD these days in the crypto space on the daily timeframe the forming chart pattern could be identified as a broadening wedge pattern which is more likely to be resolved to the upside in this case. This demands of course that the current low is the final low in this pattern and therefor the 200 day SMA holds the price action (currently it looks...
Evening Traders, Today’s update will be on CGC, clear levels to watch to dictate the trend in coming weeks/months Points to consider, - Trend respecting .618 Fibonacci - Structural resistance to break - MA’s holding as support - RSI respecting support - Stochastics neutral - Volume below average CGC has respected its Fibonacci level, .618, signalling...
3 potential TPs, potential for lower low, lower high sequence.
Potential SELL Position on USD/JPY - 108.800 Potential target
If new structure high is not printed, follow the trend
MCD continues to break to the downside, dropping easily through the top completion level and heading down to test a lower low.
After forming a large bearish engulfing on the October monthly close, and price breaking a daily ascending TL and creating a new lower low. I am expecting price to come back for a retest of the TL / one of my areas of interest before potentially another large drop. One thing which goes against this however is price is still forming mini HHs and HLs above my EMAs...
Its not going to break so many resistances. It will make new Lower lows.
After breaking the support 1.6278, this pattern will make Lower lows.
We couldn't reach the maximum target at 880, the daily 200 MA reversed the price and print a doji. We are now in a range of equilibrium, which could give us more lower lows. I still have stacked my order till 6k, thew worst case in took in consideration. Btw i wanna quote this : "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful"
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