The Umbrella of Fourth Wave is a Nasty Place to be but... there are ways to get around it. This video explains what to do when you find a market stuck within a t right range.
Like how CGC is Reacting to Markets Crazy violent moves it is doing fine consolidating holding support of 20 ema while it hasn't found the volume to breakthrough the shorter resistance and hold there is strong support and no one bailing no mater what traders are doing i feel it should do well into earnings. as far as earnings they will not be looking so much at...
Clean tightening range or equilibrium pattern. 3 major things can happen, 1. It'll continue to tighten the range and we'll just wait for it start breaking lines. 2. It'll begin breaking supports and we should watch for it to hold one of them on the way down, but we're in risky territory. The longer we don't hold above $1.40(which is where a large long term...
These are the 3 options I personally see playing out in the coming day or two. So long as papa bitcoin doesn't make any crazy moves we should continue along one of these three paths pretty smoothly. Thanks for checking out the chart! Drop me a like if you found it interesting and don't forget to follow to keep up with my ideas.
As shown clearly here - near the end of the month will be BTC's critical moment. Go long
We managed to break the trap support/resist 1h cloud boundaries of 50 MA and 200 MA on hourly downwards, but since we still created a higher low nothing is 100% sure yet. - Long: If we manage to return on the 4h above the blue line (10200-10225), then we will be testing the next blue line (10615-10650), if we manage to break above it then we could be aiming...
Yesterdays chart we were watching the expected tight range of $11,0888-11,585 and potential setup for a small equilibrium. We traded within that range all day and really have traded within a 3.5-4% range for 40 hours now. Volume slows down and really just nothing of interest to traders. We established a lower high yesterday it appears at $11,456 and now this...
On the hourly chart the impact of the 100 and 300 Moving Average cannot be denied. While both were providing support until Monday, since then we have been trapped in an ever tightening range between the two. With both the RSI and Stochastic RSI showing indecision, expect a strong signal of BTC's future intentions for the next week from which MA we break through. ...
Last couple of times we have had this tight spread between US05Y and US02Y a mayor decline in the S&P followed Before the declines, we saw some increase in volatility. The same kind of volatility happened last year. Could we see a mayor decline, or a correction this year, or will the S&P just keep moving up? Global growth forecast have been slashed across the...
Got in within the ascending triangle. The position is towards the main trend. 1)Stop loss is under the consolidation low. 2)Profit target is around May highs.
Quick update. BTC has been tightening up really ever since the bull move on Monday. Bulls saw a strong push upwards and topped out at $3711. The ideal from there for bulls would have been brief consolidation and then another leg up. Instead we have entered into an equilibrium pattern of higher lows and lower highs. BTC pulled back from the $3711 level down to...
$FAST - this week is decisive for this pattern.
Bitcoin is further consolidating in a tight range today. The immediate pattern it draws is a bull pennant, but the entire structure can also be seen as a another bear flag. A daily close above the bull pennant structure would be considered bullish, a daily close below 6.4k would be considered bearish. The red rectangles are areas of major resistance. I assume that...
With the bullish action the last few days, I wanted to check the overall market structure to see if any major breaks had occurred. We are still ranging within this descending triangle since mid-January 2018. By my calculations it could be another 39 days - 59 days until we break out of this long term descending triangle. You can see that the range is tightening,...
ONT bulls come out swinging today and we are zoomed out to the 1HR! As you can see, they are currently holding the 12 Moving Average as support and trying to break the 26 Moving Average before a run at the 100MA! MACD is bullish and separating shaping into a quite bullish set up! We have have a higher low formed, and the bulls will now look to break to a high...
The Euro has gained ground against the USD for the last two sessions. Of course, the downtrend of 2018 is still massive, with the EUR/USD struggling to gain any bullish momentum. In such a tight market, playing a rotational strategy is a good way to rack a few pips. A buy from above daily support at 1.1657 is a positive entry to the bull. A modest profit target...
Potential handle forming in the shape of a consolidation equilibrium tightening pattern. Green dotted lines represent support and resistance levels. Green arrows represent long positions ; red arrows represent short position. Green box represent profit taking area based on 1.618 fib ; red box represents profit taking area based on support zones. Rsi can go above...
SPX has been in a clear pattern of lower highs and higher lows on the Weekly since the big bear break in early Feb, and a break of the pattern is expected soon. Since this pattern has played out for 3 months, I am expecting the break of this pattern to guide momentum for the rest of the year. A break of 2720(with volume) will indicate a bull break, and a break of...