The BTC Bubble is going down, so ETH will see a takeover. the up and down triangle curve pattern is crude, 3 tiny selloffs each "bounce" so expect to see BTC to up slightly then back down. Rebound torward 1 week, then another selloff. Futures are extremely risky, will ETH win? Is BTC overbought? More on that tomorrow at 8:30 AM PST. twitter.com
The Dow Jones Had Its Biggest Point Decline In History Today After A 2.5% Decline On Friday. (See Additional Charts At Bottom Of Description) The Dow was down 1,600 points (6%) at one point of the day but ultimately closed down 1,175 points, down 4.5 percent on the day and roughly 10% from all time highs! The US Stock Market is now negative for the year after...
I am fairly new to the markets, but I found a few similar features between the chart for the stock market crash of 1987 and our current situation. Any feedback is greatly appreciated!
Stock had sudden momentum push up, and seems to have been let go for a "return to sender" move. Risky trade here with wide stop to account for shorts who intend to cover. Need to stay in if the trade happens to work out. Stop at 10.65 Target at 9.98
The market that has been wildly bullish was ripe for at least a small correction and this chart says we got the party started. Don't jump on the bandwagon just yet of "this is it, the big crash is here!" Corrections happen and moreover some of the best trading days are just 1 to 2 days after the worst. This could offer a great opportunity for buying dips, be ready.
Fundamentals: - NAFTA Negotiations uncertain, any signal at termination would cause loonie to sell-off - JPY tight inverse correlation to global stock market, therefore a sell-off in markets would benefit this positioning Technicals: - Clean break of uptrend - 100 Day MA crossover - Ichimoku transition line crossing baseline
Continuation of decline looking more likely. I'm looking for this Inverted HVF pattern to form.
some target for the wave 5 and some targets for next bull cycle minor wave 1 and 2. short till 8500 then long again.
Chart says it all. I'm looking for a capitulation style sell-off that could reach about $8,000. Look at the sell-offs from 2500-1800 and from 3500-2800. EMA 850 looks like a very strong bounce line but we can dip slightly below it. The one thing I'm worried about is the lack of real support since we pushed through 7k very fast. Let's see what happens. Don't...
Rules of Engagement. 1. Wait for second retest - if retest does not happen, then trade is void. 2. Mind your Risk: Reward - Keep it as low as 2% and not more. 3. Stop loss - Above previous high
BTC broke out of its resistance, but then swiftly broke through several layers of support, as you can see in my previous analysis here: This is my prediction of how the future movements will be. I expect 11.8k support to hold, with perhaps a long spring to 11k. If that support does hold, it will recover all the way to 16.2k.
Typical pullback for the nyse/cboe/cme rumor selloff, or perhaps a proper correction based on market draw. Market cap overall has dropped 14 billion in 10 hours, from 634... indicating market pull, not just btc.
Hi guys, Here are my thoughts about BTC now. We're into an ascending triangle which I think it's going to go to 12K + and then a sell-off of at least 10%. Is anyone thinking the same? Let's see if my prediction will fulfil. Thanks all!
You can read my EURUSD plan. Same reason why I am shorting USDJPY.
Actually there are no clear theme/sentiment today (no fresh news on Eurozone side i.e German Coalition, Monetary Policy worries or confidence, anything on QE?, anything on inflation, U.S Tax Reform mania have faded.. what now?) so I go back to the "bigger picture" right now : 1. Eurozone is in economic growth (bullish for EUR) 2. They tapered the QE and thats an...
BTC is about to complete a H&S pattern. However, what gives rise to an even more bearish outlook in terms of a potential sell-off, is that a drop from the lower high could surpass the prior low and support of 8000. If this happens, and especially if also the lower orange support line is crossed, I'm expecting a significantly deep sell-off. However, I'm...
Bitcoin in next few days needs a correction to levels over 3800-3900 - more aggressive traders could enter in long positions till 4700 U.S. Dollars per coin. Over these levels 4700-4900 crypto-currency will slow down and price action will establish the new downtrend movement. Risk-reward ratio is the magic 7.77
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