Let's play a game. Take a look at the following picture without looking at dates and price values. Just the candles and the pattern. The price, after a consolidation at the previous ATH levels, finally breaks and registers a great 133% run, followed by a 31% retracement on the 21MA daily. It was on July 2017. Now take a look at the current situation....
Where is TWTR going to land? Seemed to hold that 47.5 area incredibly well...lot of buyers coming in there to pick it up. But then we see the seller pressure come in around the early 49's. Ultimately I think we make our way back up to the 52-53 area this week, but I want to see a goo confirmation above 49.5 before I enter. Shorts if we break 45.5 but I don't see...
BTC's probability of retracing at 38 level fib is likely to happen 80-90% IMO. I'm mounting in.
Hello all DuncanForex here with a trade idea - with no advertising about anything so the post will stay active. With the power move during February 2020 (The AB Move) and then a slower retrace to the previous area of support which is now resistance. The FTSE broke out of its downward consolidation long and is now progressing higher over the past few months to...
On the daily chart we are seeing a large body long legged dojo forming. I expect we should start to see some sideways trading before we get some downward pressure. We have a high chance testing the 1.618 level which means we should be testing the $30,000 price range before we attack back up towards the 2.618 level once again. Economic pressure across the world...
looking for a retracement of around $30000 to $20000 will update from there (a retracement to 0.382 ($30000) for a tp 1 of $42000) (a retracement to 0.5 ($25000) for a tp 1 of $38000) (a retracement to 0.618 ($21800) for a tp 1 of $34000)
BTC has broken down from the widening channel we have been moving up in since the 4th of January. We need to hold $37600 (local support/supertrend) - $36200 (Macro Fib 2. extension) or we could see a move down to the landing zone around $34000 where we have major support from what has been the top side trend line resistance for the majority of this run. We also...
LONGER TERM INDICATORS SIGNAL THE BULL RUN IS FAR FROM BEING COMPLETED. SHORTER TERM INDICATORS SHOW SOME EXHAUSTION OF BUYERS. LETS SEE WHAT THEY ARE AND WHAT ARE THE PRICES AND THE IMPLICATION ON ALTCOINS ON EACH SCENARIOS What a rally. Amazing. What to do now? We are in a new level f price, no past data to rely on. Actually we have some, namely the ones from...
Its crazy, the run the crypto markets have been on. Its just nuts. But its still going and going strong. Let's take a look at a few coins. Bitcoin Blasting past $41k, its been mind blowing, the support behind BTC recently. Looking at our D+ indicator, we can see how overbought levels have made small dips in price over the past few months. (I like the 3h...
Contract - CME_MINI:MNQH2021 - High - 12810.00 - Low - 12782.00 Current Stats - Gap: = N/A - Session Open ATR: 195.46 - Volume: 81k - Trend Grade: Bullish Key Levels (Rounded - Think of these as a range) - Long: 13337 - Short: 10650 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target...
Bitcoin still feels really strong. The -20% drop was bought quickly! A -30% pullback falls into a minor support area. Wouldn't be surprised if price headed there but doesn't feel likely at the moment. A drop below the -30% resistance level seems very unlikely to me.
I have a hunch that if Zilliqa breaks through this channel and heads to break its previous all-time high of $0.23 we may see a rise to between $1 and $3 then retracing back to under a $1. Please do not take this as trading advice as this is only a speculative position I am taking on Zilliqa. This may never pan out but with all the hype in BItcoin and the massive...
Hello traders, as you can see that the previous post on EU is that it is making an head and shoulder right now. Patterns are the most important fact of trading and being successful. Now its at about 88 or 71 percent retracement. Thanks for reading! You need 20 pips a day to become successful!
Hello traders, GJ is going back up to the top after coming from retesting from the support. The effect was from the Government shutdown from last week due market decrease. Thank you for reading!
Hello traders, there are an long opportunities I have here. Look on the lower timeframe and you will see an bullish engulfing that had been retested. Thanks for reading ! Enjoy!