Bitcoin seems to be riding a new down trend, I think BTC will fall to 37k within the next 1-2 days. It could possibly even go down to 35.5k zone in 2-4 days. I've been tracking BTC since its rise on March 14th, my bias is short I expect it to keep dipping. If Bitcoin does continue to dip down towards 35k I think bulls will then eventually take over and create a...
Speculating that QQQ will create a new support line at 312 area. Once this support is created I think QQQ will receive more buy orders and the bulls will take over for a short period. Im thinking price will rise towards 322 area. However QQQ responds to 312 support will determine if I will be buying call options. If QQQ breaks 312 I wont decide to get in. If I do...
* Great earnings * Very strong up trend * High 3-month relative strength in the Industrial sector * I last mentioned ODFL when it was about to break out from $304.22 and it has since then moved higher. * Even as the industrial sector was hit hard in the past week ODFL managed to consolidate maintaining its volume. * This indicates that institutions are very...
We have broken past a strong resistance of a descending channel. However, the volume is decreasing. The next day will determine if we can gather enough volume to push further. Else, we will go back into a large bull flag to for a final correction (4) (at .618 FIB) before retesting a breakout. This is not a financial advise since I am a beginner. I hope someone...
Bitcoin absolutely smashing through this resistance. Starting to give some nice structure to use technical trading with.
If we get a pullback to the new support then look for Bullish Price Action to jump in long to the upper resistance.
Resistance @ 0.00034000 - 0.00034500 area tested around 16:00PM and 23:00PM and broke through around 9/6 11:00AM and now testing as support 16:30PM looking for bounce play targeting 0.00036000 area.
ETHUSD Update: 241 resistance has been taken out as BTC breaks out to new highs on rising volume. Very bullish signs which confirm further strength in this market while previous support levels are now adjusted higher. This market has been maintaining its bullish structure all along so this higher high should not come as a surprise. As I mentioned in previous...
Wait for a little pullback and a support, then buy. 1: fryingpan pattern 2: broke resistence and now make a new support 3: Over 20 EMA
FX:USDCAD The rate has broken the 2016 falling trendline and is now testing it as the new support. As it has formed a hammer at the former resistance and we are still trading within the rising channel I am more bullish here as long as we are trading above the former trendline. The immediate attention should be turned to the 1.3575 level as the rate seems to...