BTC is coming close to a decision. Of course there are two possible scenarios - Up and Down :-) I am displaying one in here which is dow to the bigger bullish trend line.
HOPEFULLY THIS HELPS YOU GUYS! REMEMBER TO HIT THAT LIKE BUTTON! GIVE US A FOLLOW AND ASK ANY QUESTIONS IF NEEDED! THANKS TOM
Key points that I noted on weekly chart, 1. Lower Lows and Lower Highs 2. Bearish Pattern 3. Bearish Divergence on RSI 4. Bearish Harami Candlestick pattern It denotes and confirms a trend change signal and I would be very cautious in investing in it. I assume large institutes have started selling this stock.
Bitcoin is soon at the cross roads. Either it reverses the trend during the next 3 months, which could lead to a very strong uptrend, or it simply continues the current long-term trend direction, which is the well known downtrend.since the bubble peaked in early 2014. I'm taking a wait and see approach until I have an idea if the bulls or bears are winning this...
Key: Green: Monthly Tend Lines. Thick Lines Outer Trend, Thin Inner Trend. (set on monthly resolution) Purple and green lines are possible outcomes. (120 resolution) Blue lines are points of possible trend changes. Currently seeking the buy and sell signal as price action approaches the blue line which to me states a good entry point into a short/long...
Reasons for change in trend 1. Price has reached a low point of 81.5 which is 2x fib level 2. Down Big Gann Fan - Price went from 91 to 81 since April 30 (Price has travelled two zones from Light blue to White) 3. Down Small Gann Fan - Price went down from May 28 to the upper line of white area in July 4. Price is consolidating around 81 dollar There should be...
ABC PATTERN COMPLETION AT SUPPORT LEVEL CREATED A DOUBLE BOTTOM WITH STOCHASTIC BULLISH DIVERGENCE INSIDE A DESCENDING TRIANGLE (OVERALL BULLISH). BOLLINGER BAND SQUEEZE SIGNALING INCOMING STRONG MOVE. BREAK OUT OF THE TRIANGLE WILL SEND THE PRICE TO THE NEXT DECISIVE ZONE. IN THE OTHER HAND BREAK DOWN OF THE TRIANGLE WILL SEND THE PRICE DOWN.
With Jason out of town I’ll be pulling double duties helping out with the morning War Room as well and today I had about six potential trades on my radar. I typically don’t actively trade on Monday’s but I will be keeping an eye on the NZDUSD for multiple trading opportunities. Bigger picture I’m still looking for a chance to short this pair once we retrace to our...
After the run up we saw in this pair yesterday, we are seeing a pull back or consolidation which is natural. Im expecting price to retrace atleast back to the green trendline with an expected target of around .7160
Dow has been in a long term uptrend and has been squeezing up between trend lines that it has been bouncing up and down. The question is will it continue doing so and if yes for how long as the space is almost squeezed out. The next deciding level for DOW is around 18550 to 18700. That is when it has to decide either to break out, continue consolidation by going...
AUDUSD HIT MAJOR TREND CHANGE!!! NOTICE : EUR/USD is also changing trend to the upsite, USD/CAD changing trend to the downside aswell... Pairs are collerated! So AUD/USD hit MONTHLY TRENDLINE (3rd touch) which act as a extreme support line. It is almost not possible that it will be break trough straight forward so we expect bigger retracment. We go higher high...
Everything on chart :) I follow the rule less is more! Safe and secure entry would be waiting price breakdown trendline + EMA 12 but you might me little to late So i would suggest here little more agressive entry, drawing trendline accurate on H4 and wait that price reach around EMA 200 (please check your charts) and after price BREAKDOWN TRENDLINE + EMA 12...
Fundamentals: Nvidia Corp posted higher fiscal second-quarter earningsyesterday after market close and gave a forecast for current-quarter revenues that exceeded Wall Street's estimates, sending shares of the graphics chipmaker higher in after-hours trade. The outlook in the PC industry has brightened following news that PC shipments were flat in the June quarter,...