Price is currently trading at daily bearish order block and here on the 15min we have a shift in market structure, price is approaching a resistance level and I'll be looking for some opportunity to enter a short position. Overall target just below the 1.20600 price level
But higher timeframes are bullish at the moment so I'll be very conservative on this one....
My dear friends,
This is our last post for 2020.
I want to wish every single one of you, the very best in your personal life. May you all enjoy a peaceful Xmas season with your loved ones and your families.
Please remember to support those around us that suffer the most by the lockdowns and Covid (the Chinese flu, sorry Donald).
The business, people, countries...
EOS has consolidated for a long time in the triangle. Waiting for a great short move, it seems like some pit stop in the descending downward-trend. EOS keeps their BTCs so strong while most of altcoins its losing. This is the first time that MA has touched the price and stayed there for a while, I expect a rebound down the continuation of the trend.
How to find drop time and price:
(A B = C) in a triangle based off of the ascending and descending trend lines.
(A) is the intersection of the price and ascending trend line (base ascending trend lineoff of previous bull flag pattern).
Using the location of (A) draw a strait line down to the descending trend line, draw a strait horizontal line and now we have...
My call on April 17th 2018 of a $9849 short term high and the low of $5680 on the GDAX 1day is still valid from the multiple idea's I have listed here on Tradingview. I am basing the $5680 figure on market sentiment + my unorthodox charting (however it is true speculation on my part at this point).
I have been of the opinion that a hard fall for BTC was imminent...
Here is an indicator developed specifically for the gold - platinum spreaders out there.
Platinum is much rarer than both gold and silver — so rare, in fact, that all of the platinum ever mined could fit into your living room.
Still filling mine.
Even DX tells the story.
But why is that, when the whole world screams for a disaster?
Gazillions of money flows from EU in to US markets.
Hard up, and down harder...
Peace...we will pray for it in the future ! guess.