As i said earlier about bearish setup on BTC/USD chart, now i can promise you my son that current situation is bearish as never like. Why? So there is 3 (three) theses:
1. Expanding bearish triangle. When downtrend term this TA pattern is very strong signal to short BTC/USD.
2. 4th leg of expanding bearish triangle will touch line on 23rd September 2019 as you...
Using price action I see that price has been pushing up with what seems to be little to no resistance holding back buyers from pushing this market higher, what's interesting about this level is that price is around its 61.8% & 78.6% Retracement which also collides with a Resistance level. I believe we can either see price continue pushing above to our 78.6% then...
TVC:SPX and AMEX:SPY are still forming triangle, and when it breaks we can expect that move in the direction of the breakout would be rather strong.
Nevertheless, for low risk entry (though also with much more uncertainty), trade may be attempted right now with stop just above previous high @294 and target as far ~275 area.
Again with such tight stop the...
Price Action (Technical Analysis): Here we see price is forming a Potential Gartley Pattern in the 30MIN-4HR. I'd like to see price rally around 80.50-80.55ish and gain confirmation to go short if price action tells me so. (Bearish Candle Stick Reversal Confirmation) This trading idea is invalid once our D leg breaks above X.
Fundamental Analysis: None.
$NUS short idea after similar company $USNA reported earnings last week and gapped down 20%. USNA reported a slowdown in growth in China due to Chinese distaste for Multi-Level-Marketing. NUS will have the same problems when it reports, as it has promised growth in China
EURNZD has presented another good short opportunity.
Looking to sell EURNZD from sell area, close position at the target area (+40-50pips).
I do favour the second entry as it would create a right shoulder on the 4H.
Good luck traders!
Looking to sell GBPUSD from sell area, wait for exhaustion candle. Close trade at the target area (+30pips).
But be careful as GBPUSD has also shown reversal signs to the upside from the 1.26 area which is holding as a strong support level.
As I stated in my last published idea, Bitcoin is falling and falling fast. Please put your pride aside and make money will you can while the market continues to tank before the regulators come in. WE ARE IN A BEAR MARKET! Let us not keep falling for the moon reversal that Bitcoin keeps fooling us with!
Now, with that said- lets get down to the numbers