#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...
THE LOVELY EURUSD EASY SET-UP TO MANIFEST .. EURO DOLLAR IS STILL VERY MUCH BEARISH I WAITING ON THIS PAIR TO COME RETEST A SWING HIGH WHICH I POINTED OUT ON MY CHART TO MAKE A NEW LOWER LOW INTO THE 1.07500 to retest previous Lower LOW
W1 - Price still has room lower towards the bottom of the bearish channel.
D1 - Price has created lower lows and most importantly we don't have any reversal signs.
H4 - Price broke below an important support zone and also based on the Heiken Ashi candles we have strong bearish candles in downward moving market conditions so it basically reflects a bearish...
Gbpjpy has been in a sell out mode and is planning on dropping a couple more pips further. I see this pair having no problem going down to it’s weekly support @ the 127.800. We have a nice head and shoulders formation on the 30min timeframe a nice 4 hour shooter star will validate for a strong push to the downside let’s clash!
I am keeping a close watch on the 1.82550 level on Euraud if i isn’t able to break beyond that level we will see a nice push to the downside I am keeping a close watch on this pair which can give a good Risk to reward position for a short 1.75550 will be a good area to eye for take profits. Let’s sit on the sidelines and watch this pair close this week
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...
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...
W1 - Price reached a strong resistance zone, bearish hidden divergence.
D1 - Price broke below the bullish channel, the price then moved lower and has created lower lows.
H4 - Price is moving inside a small range, we may now look to sell the top of the range with bearish evidences.
If you want to be more conservative then wait for the price to break below the...
D1 - We had a bearish divergence, then the price moved lower and broke below the last low thus forming a bearish convergence.
In addition to this the price has also broken below the uptrend line, we may consider these as evidences of bearish pressure.
H4 - Bearish trend structure (3 lower highs, lower lows pattern), we may now look for pullbacks towards the sell...