VRX may, at first glance, look like the bloodshed is over and is moving to recovery. Not just yet. The daily MACD and StochRSI are inching toward sell indicators (see screenshot) and despite the markets upward movements today (Mon 12/14), VRX's recovery was pretty modest as more shareholders exit as they see the fall incoming.
Bottom line: Put options are a...
At first the MA200 and the EMA 50, then the strong resistance at 121.5 is finally broken after 2 close timed touches and successfully tested in a Bounce Back above. The Fibo is speaking a clear Language too. So the Price had enough Time (since late august) between ~121.5 and ~118.5 to collect some new Power for another long journey up. At least till the 1618 Line...
The chance that this is the long awaited uptrend is growing. This is an update of my original chart, which I created 1 month ago: In this update I optimized several indicators to better reflect the current trend.
Overall it's looking good. But 2014's downtrend has not finally been broken as of today. That's why I post this...
Plans for both sides for the next year.
The upside is more likely in my opinion and has the potential to continue beyond my target of 1522.
The downside is limited. If it continues going lower from 830,
you can assume we are in a gold crisis or something like that.
Anyways, once the current correction down from 1900 is over,
you can expect a steep reversal and...
As you can see the Stoch RSI is in oversold area, the Money Flow Index (MFI) looks like it's going up and the Coppock Curve is at a low momentum.All of these correlations don't mean that the price can't fall lower, but it can mean that there is soon room for growth from this low starting point. Interestingly we are at Fibonacci Time Zone 3 based on last Summer's...
This Gann fan is hitting so many pivot price points (marked in blue rectangles) that it seems to be worth watching the coming weeks.
It makes forecasting easy. Either we stay above the 9/1 Gann fan which started in Summer 2013 and slowly start a new uptrend in Winter 2014 - or the price falls much much lower.
Less bearish and more bullish signals in the 1-day chart. And we have positive news thanks to a Bitcoin payment service:
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ESPN's slogan: "The...
NZD/USD is in a down trending channel and my bias is short (To take a look at the one related idea).
Bases :Bias, Channel, Stochastic RSI
IF price reaches 0.86962
THEN i will go short, and place my tp order at 0.86459, but sl order at 0.87151
IF This Stochastic RSI crosses the 80 oversold zone it will be a...
A short position in EUR/CHF
>The moving averages are still in order meaning the bearish trend is still intact
>StochRSI just intersected 80 signalling the start of a new short term trend
Entry is at 1.2214. Risk is at 1.22365(the 200 day moving average), and reward at 1.217
>at 1.2192 move the stop loss to break even
Okay, so this is not Bitcoin (har, har) but the reason I did this was I was curious as to what my other investments were doing. As it turns out there was a very clear trend channel that formed while I wasn't looking for I think 2 years (yeah, set and forget investment LOL).
StochRSI divergence means there is going to soon be some type of break in the trend it...
The fibonacci retracement is in place in order to show the price levels that this has followed on it's way back up from the initial dump and the overall downtrend.
MACD Oscillators show that we're in the same position as the last big leg down. Stoch RSI confirms that, as well as the positioning of candles and the 50 SMA, and 10 EMA.
The 50 SMA aligns with the...
Overall most of the indicators point to the fact that we are not breaking the trend. There is SOME volume, but not volume the way we saw in the bubble. If anything it's volume that supports price stability around this range, however I think selling could be imminent.
The same pattern of volatility has taken place all the way down the trend line in respect to the...