USDCAD just went out of a very important up-channel. Now, the price is ranging in a very tight congestion phase and sellers seem to have the strength to break this range and push the price down. The setup of the moving average is not clear. We are far from having a bearish setup, although green and orange MAs are turning down. Overall, I think this is a trade we...
Well for about a week now we continue bouncing around within a very tight range. Purple solid lines continue to show larger picture of pattern I was watching. Last chart we were clinging to $10k support and I was looking for entries under $9900. We dipped just under $9900 and since then have bounced around $10,000-10.4k or so. Nothing much exciting lately. Traders...
We missed MA 21 weekly by a small margin. It could be concluded that we have tested it although we did not touch it which we could still witness but it is highly unlikely for BTC to break down from that, I see everybody calling it for months now but here is some more evidence from history where we stand in the above given chart. I believe we will have side ways...
BTC is on such a go on and might do there something, a great opportunity to fill up on some $DOGE #doggonacci
Hello Dear Traders, Trading Plan: 1) Short near the top of the monthly range. Either Failure at 10760, or 11000-11200 failure. 2) Long If we get a consolidation above 11600. You can see we are forming a flat sideways consolidation on Bitcoin on the monthly time frame, as we have after the first impulse on the previous two market cycles, in 2011 and 2015. We...
EURNZD out of the range for the second time, after a small retracement. Last candlestick on the M15 also confirms that sellers are determined to push the price down, leaving the range that we had for the past 3 days.
A sideways consolidation or better known as pennant has formed on NZDJPY . A breakout of either side will usually confirm the direction of the market expansion. An aggressive trader will usually wait for a break and close above or below the pennant to chase the move of the market. A conservative trader will then wait for the retracement to engage the trade of...
Not a lot of price action going on . Low volume and a lot of indecision in the market.
INCY has been sideways for a year, but it is not showing a compression candlestick pattern to a potential Triangle Formation. Triangles tend to be continuation patterns much of the time.
Bitcoin barely making anything interesting, but as you know this can change fast, keep a good eye on the red diagonal and the break-down level for confirmations of short-term direction. Market dominance is stable and targets above and supports below remain the same. You should all use the time in between to do something cool! Set alerts and get away from the...
Looks likely that Bitcoin is forming a sideways channel (Only valid if this area rejects) If it does and you see clear direction possible targets will be in and around that 9500 regions... Play safe. Check out links below for further info...
I will use this chart to say, "I told you so!" LOL, No! I wouldn't, no matter how tempting it might sound! The world has come to a point where something absolutely of no value or practicality, is priced the most and something of utmost value, completely ignored and discarded. Loud and dumb is the way forward, so either learn to live with it or perish! ...
there are two posiblties i think there is wyckoff pattern forming and once the level is broken to take the long
Should we be worried about the lack of movement in dominance? BTC staying stable at 9400 however no money coming into alt-coins... Make or break the region to see if Alt-coins will move forward or drop back.
Travelers Companies Inc. uptrend is running out of steam. Daily view now actually sideways, implying stock has been held up by Buybacks, and without them it may slide down more. Insurance Sector is overspeculated and at a higher risk at this time.
I'm putting on an iron condor trade due to fading trend sideways movement may lead to a lower price. SPY is sinking slowly due to trade tensions. 310/315/375/380 EXP June 21 145/355 Profit/Loss Max profit I want to take out of this trade is $80 and max loss is $160 as per guidelines drawn. This is a journal entry and not trading advice.
Now the market is in sideways and it may target the upper side of the sideways.
Hello traders, this is my end-of-trading-week prediction( not advice ofcourse ) Even though there are 2 continuous Sell signal at some important zone, you can go Short now for a RR:1.4 trade but i personally don't like the price action here: 2 sign signals continuously is too much for a downtrend: It feels like buyers are trying to break the down trend: When...