D1 : After having reached the triangle formation target of 58058 and making an intraday high yesterday @ 58155 profit taking pushed down the BTC towards a low so far of 56632. Looking at the global picture in D1, we can see a potential double top formation in progress (58354 & 58155). Usually, the second top should be higher than the first one...
Green stocks have had en mayor correction last week. Nothing fundamental have changed in REC Silicon. All solar prices have had an mayor rise(pvinsight.com), and US are still working on making their own supply chain. REC silicon will have an mayor part in new batteries for EV the next years to come. They are world leading in Silan gases (70 % of market), which...
D1 : Another long white bullish candle has been triggered yesterday; today's ongoing price action is showing, for the time being another kind of picture. Indeed, after having, on one hand filled the Fibonacci retracement extension (78.6% @ 55072) and even pushing higher to an intraday high of 55855, BTC has been rejected by the former primary...
Downtrend seemed to reverse after touching daily demand zone and showed bullish momentum with continuation which gives me confirmation. Looking for entry at 50% retracement and aiming for daily supply zone. Please trade responsibly with proper risk management and make your own decisisions. Take note of news coming out in the next few hours.
When we look at the H4 chart we see a momentum decline at the end of last month. It broke the upward trend of this period. After the impulse decline, we have been seeing a correction for several days now, which we are looking for when it will end. We can see this on the H1 chart. The break of the support line signals the completion of the correction and allows...
After a short rise in H1 EURGBP last week, we saw a decline again. We see a break of the upward movement and at the moment it shows no signs of higher values. The current movement resembles a correction to end in the zone to 0.8688 and see a new downward pressure. We can look for a reversal in the area or a break of the previous bottoms to make an entry! In...
DOUBLE ZIG-ZAG has ended now, wait for entry point which will be TREND REVERSAL . upper trendline is resistance and we know once a resistance of downtrend has broken , uptrend starts and vice versa. ____________________________________ THANKS (-_-) ---------------------------------------------------
KC=F has been in a vicious bear market just like many agricultural commodities. There is a down trend line since May, 2011. It is getting close to the apex of the symmetrical triangle as well. If it breaks up, it will be pretty bullish and it may be the start of new bull market in Coffee.
Fueled by the XRPBTC inbalance, XRP could breakout pretty soon. Also a massive trendline on the log chart of XRPUSD prevents the price from further downward movements. Of course, this trendline must hold. If not, this whole analysis will be refuted.
On the 1 day chart for OGI my supper guppy indicator has turned green/blue, indicating an uptrend, for the first time since June of 2019. On the 1 week chart you can see that the fast EMA's on my super guppy indicator have turned from orange to grey...When the fast EMA's turn grey during a downtrend it typically indicates that price action could have incoming...
D1 : As expected, (Tks to Elon !)..., the Monday's breakout of former high @ 42000 triggered a sharp acceleration move towards a high so far of 48200, close to the psychological target mentioned of 50'000. (see my previous Heat Map post). Looking at yesterday's price action, we can see a "school case", perfect "doji" pattern which means indecision and...
Just some classical TA - Falling wedge PT is the size of the left side of the wedge from the breakout point. This wedge has been forming for over a decade and its just gigantic. Massive, massive gains if it works out here. I'm loaded with shares and options, one of my higher-conviction plays in a month or so.
DGBBTC 200 EMA starts acting as support on the 4HR. This hasn't happened since okt 2020. Trend reversal in progress! FIB: TP1 = 116 TP2 = 154 TP3 = 184 TP4 = 215 TP5 = 259 TP6 = 315 Get in and enjoy the ride :)
The long-term charts of ERIC+NOK+LUMN and XTC index are presented. Notice that since 2009 the three stocks have been underperforming the index while historically overperforming. Probably the historical order of performance will be restored in the coming years. The NYSE Arca North American Telecommunications Index (XTC) is an equal dollar weighted index...
Since price cross MA30 @June 2020 in weekly, it is in a strong uptrend. Price is reversed nearby MA50 (blue line) appeared a price rejection (pin bar). Next day one white soldier candle as confirmation day, stochastic oscillator indicator shown price at oversold range moving average line is toward up direction. I have a position, and look for 2R...
The mid- and short-term trend charts are presented. ___ Prompt: New traders should take some time and carefully read the post they will find on my profile entitled 'You can't beat the market'. Disclaimer The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only. It is...
Bitcoin brought a lot of liquidity to the crypto market and as a consequence many altcoins which stood still will experience very unexpected breakouts. Especially for XRP, a trend reversal is long overdue. This price level compared to BTC can not be sustained for much longer.