BINANCE:FTMBTC is making new lows while forming a hidden bullish divergence, this incredible volume on that wick tells me that we will probably head back to there and even previous highs.
Target 1: 0.00000122
Target 2: 0.00000133
Target 3: 0.00000144
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Hypothetical levels of next extremums.
The levels of next extremums are approximate, deviation is allowed.
This chart is not a guide to action.
Since we are dealing with probabilities, the points indicated on the chart will not necessarily be reached in alphabetical order. Perhaps it will be at first achievement of targets below and only after this it will go up...
Every new low comes with a rebound over 200 pips.
That's the repetition I see and the same thing seems to be happening again.
The only question is: Will the price continues to go up right away OR will it retest the bottom?
It's simple! Don't trade in the middle. Sell if it reaches the top and buy if it retests the bottom.
But if I were to make a guess, I think it...
USDCAD just broke its uptrend making new lows. Currently about to make a new low and ultimately aim for 1.3021. We have lots of strong support areas before we get there so it might take some time. Maybe a few pullbacks or maybe a straight drop through. USDJPY and USDCHF just made some significant drops last week after breaking trend so hopefully the USDCAD will...
BIDU is a huge bellwether of China. It has collapsed to a new low, indicating that the economy of China may be worse off than the official reports claim. This new low created a temporary bounce due to a severely steep selling trendline pattern.
TARGET 1 = 255
Buy = 210
Stop = 200
PROFIT = 255
TARGET 2 = 140
Short position around = 255
Stop = 280
PROFIT = 140
technically, you can buy, sell, trade and trade tesla.
Tesla made good levels .. When we break through the global level 200 and confirm this level. Definitely...
I'm making a part 2 of my TA because my previous call was perfectly on point, so i'm here to catch up with you guys.
As you can see on the daily charts both of the sticks got closed below the line showing a great resistance in the weekly and daily chart, and that was exactly wat i called on my previous TA (test of the 100MA weekly & 350 daily)
$BTCUSD: If the current low of $3,474.33 holds on this chart, which indicators show that it is unlikely to do so, the 50% Fibonacci level becomes key resistance moving forward. The price will have to trade above this level and even the 61.8% level to consider a trend change back to the bulls.
The bearish trend continues, and with an ADX still showing strength...
Yesterday's OIL broke a new low a gain and formed a bearish engulfing bar. it is now in retracement, so we wait the price comes back to the previous low, retest and look for bearish price action to enter short.
Long term trend: bearish.
expected TP zone: 55
Watch for a test of the trend line drawn on the chart. As price recently made a new high it made it on a divergence against the RSI. This is a bearish signal that should continue to drop the price this week. Also, trend momentum has been losing strength based on a falling ADX.
If momentum for the bears builds strength as the trend line is tested, be careful...
ETHUSD update: New low made at 448 as price pushes into the next reversal zone and hesitates. New lows are a bearish sign, especially when they are occurring below the major support zone. Is this a signal to get short? To exit altogether? No, as ugly as these markets get, it is important to recognize that they are still in an expanding ecosystem.
Remember I am...
ETHUSD update: New lows made at 452 as this market gets punished by the possibilities of securities regulation by the SEC. There is only one level left where there is a chance of a bullish reversal, but until some significant bullish structure materializes, I would stay away from this market as far as initiating new positions both long or short.
BTCUSD update: Price has made a dramatic lower low at 7665 and is now right in the middle of the 8171 to 7239 minor support zone. Even though the short term momentum is now clearly bearish, it is very important to not lose sight of the location of this price action.
In my previous BTC reports, I wrote about quiet markets being a sign of possible strength, and...