23000 IS THE CRUCIAL LEVEL TO WATCH. SEE HOW IT CLOSES THIS WEEK, IF WE SEE A STRONG BULLISH CANDLE STRIKE THROUGH 23000, WE WILL SEE NIKKEI TO REACH 24000. OTHERWISE WE WILL SEE THIS COMING BACK DOWN TO 22000.
If no giant sea monster invades the land, their stock market has a shot at going back to ath.
Right now we are fighting this very important - actually much more important than ath - resistance, but we can see there is bearish divergence on the monthly chart.
And there are many reasons as to why we do not go up. A correction is necessary and I think will happen in...
Comparison with Nikkei.
1°) Bitcoin line of life will break and the market will create new lows. Higher probabilities
2°) Last chance for Bitcoin if the market decides to reproduce this scenario of the H&S Bottom without creating new lows.
This could happen if the Bitcoin structure rejected more lows and decided to produce the H&S bottom at higher usd levels...
JP225USD is approaching its resistance at 22935 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 22435 (38.2% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) is approaching its resiustance at 98% where a corresponding reversal could occur.
JP225USD is approaching its resistance at 22756 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially react off, causing price to reverse down to its support at 22391 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its...
Nikkei 225 has bounced off its support at 22335 (38.2% & 50% Fibonacci retracement, horizontal pullback support, ascending support line) where it has the potential to rise to its resistance at 22728 (61.8% Fibonacci retracement, horizontal pullback resistance).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you...
I was looking to long last week*
- price failed to break white Trendline (look at shaded yellow on intraday chart)
- as the story continues, we are testing another Trendline (blue line)
- will allocate short on confirmed break
Nikkei 225 seem to have completed a 5 wave rally to the upside.
Currently we could be working downwards as an ABC corrective ZZ downwards. Looking for wave C to unfold.
Implications and Outlook
1. Friday the Thirteenth is almost certainly not that fortunate for many. However, that didn't appear to be the situation for the equity markets. Asia stocks built on Thursday's gains with core market segments more potent throughout the region. The Nikkei Index finished way up plus 1.85%, with only a bit added in by the minus 0.4% decline...
Pennant pattern forming with macd divergence at it's lowest = breakout incoming. White shaded zones are long and short entries. More bearish than bullish on the long term. Look out for a fake break out, big wick candle, and then strong reversal before 2019. Green dotted lines represent support and resistance prices.
USDJPY is about to start a downride on daily as you see. It reached the fib arc and repeats the bearish reversal patterns from the past waves. Follow the price to complete that bearish pattern it copies from the past and once it hits the fibonacci arc, we go for a down slide. Then watch for reactions or pullbacks at Gann angles. Every Gann angle line acts as...
The support and resistance minefield.
Added Nikkei, the Japanese stock exchange made a parabolic move trough-out the 80's peaked in 1990.
See any correlation?
Implications and Outlook
1. The Nikkei managed to strengthen ever since completing mini Index Dip 21930. The Index saw the Yen currency back to middle 109 handle and trade firmer despite a brief positive print last few trading sessions.
2. The index further short/long-term bullish momentum continues as we approach Mean Resistance 23000, while overall completed...
MONTHLY CHART
Price clearly uptrending, strong support at 21k, clearly rejected at 24k. Needs to create a solid area of resistance there, so expecting price to go up there and test if this level is really a relevant resistance level.
21k also a fib respectation, so decent support to range between those levels for a while (potentially)
Conclusion: View is...
Hi,
I compared many times Bitcoin crashing pattern as a x50 speed Nasdaq Composite crashing pattern, both shared some important similarities.
I was expecting an important Bull trap to happen, but the short squeeze, coupled with the double bottom of the February lows, could greatly impact the market mood, and could change the structure and the price levels that...
Looks like the aggressive shorts might have have their way here. NB: I didn't short it. Range of High Volume Node was too wide for me as I'm not a swing trader
