I thought it was time to make a longterm chart, with all these wrong charts going around, hehe.
They are wrong because bitcoins support and resistance lines are NOT linear in the logarithmic chart.
I think that the correct fit is a square root function in the logarithmic chart, meaning that the growth is slowing down on long timescales. BTC cannot just continue...
As BTC/USD recently passed an important resistance line, the next key level to watch is around 680 USD.
Bitcoin likes symmetry and it likes fractals.
I think the real rally will begin sometime end 2016/beginning 2017 until the half supply will show its effect and some major economic troubles will unfold, pushing BTC to new all time highs in early 2017.
On a daily time frame : GOOGL has moved slightly up from its support level which is positive sign, idicating that the stock is in uptrend. It may face little resistance at 1,625, if broken next level is 1,700. On Technical grounds RSI has moved upward and still there is room for RSI to go further up. PSAR - leading indicator has given a buy signal. As per Fib...
This is it ladies and gentlemen. The moment we've been waiting for since late 2017.
The multi year bullish flag is nearing the end.
The moment of decision has come. A possible cup and handle and strong buys could lead to BTC breaking the 3 year downtrend resistance line.
If that happens, then the next bull cycle officially begins.
It will lead to 20k this year,...
I suspect that BTC's inability to break through 10k decisively means one further big dump towards the weekly MA200, currently sitting at around 6k.
BTC might complete the huge triangle since late 2017 by one last move down to the support line which coincides with the weekly MA200.
However, it could also surprise us and just break through 10k after all in the...
A quick chart illustrating that even in the bearmarket of 2014/15, the MA200 weekly support was holding. It therefore seems, that this support acts as ultra strong lonterm support,
so imagining how this support will develop, could give hints about the future price development of BTC.
If BTC is to repeat a bearmarket 2014/15 style, it is very likely that price...
Bitcoin is approaching the resistance of 12k. If it manages to break 12k I expect the breakout to be very aggressive, the minimum target will be 13.3k (next resistance) but can possibly extend further.
Long trade opportunities can be taken above 12k upon a break.
BTC Finished 4 parts of this fractal and is about to enter the 5th stage, which will be one to remember if traders behave in a similar manner. Considering the fear index (40), BTC is almost in a stage of extreme fear, and the price is above 10000. That means that people are afraid that the price will drop a lot lower.
9 / 10 times BTC does exactly the opposite of...
It is looking better and better for the emergence of a new rally, despite all odds.
Now, if the weekly candle closes above 10.5k this week, this will be a huge cofirmation, the one we need to be very sure that we will indeed see a giant new bullmarket.
This will culminate in hitting 20k still this year, and new all time highs by late 2020 or early 2021. 100k...
After responding positively to the support ₹756, the stock has been continuing its upward movement. It has risen over ₹800, which has now become a support level for the stock. Expect the price to rally further and hit fresh highs.
Everybody is waiting to short S&P 500 because of covid consequence worldwide.
1. More people play the markets today than a year ago
2. More people are waiting to short the index than a year ago
Everyone playing the markets long enough is seeking for revenge for 2 simple reasons
1. Exited the market too soon
2. Missed the market rally
Of all the people being...
When RSI gives breakout signals before market/shares, I prefer to sell or buy. For example, on June 10, RSI broke the trend and gave a signal to sell.
Another example of Feb2020.
Market and RSI are still in channel. I think the market will soon surpass 3400 level.
Which stock do you want to analyze? Tell me...
Today’s Analysis – USDCAD – strong sell off leading the market to oversold conditions, a bounce is probable into local resistance.
Points to consider,
- Impulse sell relief rally
- Structural support respected
- Local resistance (immediate target)
- Oscillators diverging
- Volume below average
USDCAD’s immediate trend is bearish with an...
Supported by ascending support, a MACD that has just crossed over the 9 EMA, an optimistic RSI, and the 50 SMA crossing over the 100 SMA, the price of ABR has just broken through a descending resistance. If you should still don't trust this extraordinary accumulation of strong bullish signals, wait for the price to cross over the 200 SMA, but such...