Parabola = Danger.
This warning is for anyone thinking of FOMO-buying at this late stage.
Remember how Bitcoin went parabolic in late 2017? Remember how I warned about this in a Facebook post on December 24 2017? No? Well then you should have been following me ;-)
The point is, parabolas are always danger signs towards the end of a trend. BNB is nearly at its...
The pair has just bounced in a major trendline. I'm expecting the pair to drop towards the lower trendline but it will be ideal to take partial profits as soon as it touches the support level in 20 pips. However, in the long term, this could be a very profitable short swing trade with a very good risk/reward ratio (30 pips SL).
All indicators and oscillators are...
Looking at a potential bounce coming up near the 1.12 handle. We have a clear psychological response to this near 2 year low in the double bottom formed between March 7 and April 2 candles. The pair appears to be in a move toward this number again today and into tomorrow with a sharp response to breaching this support being quite likely.
USD/CAD rejected key level
Since yesterday, USD/CAD moved down by around 50pips before moving back up by around 90pips.
USD/CAD is ranging across.
Yesterday, USD/CAD tested and rejected the 1.33 key level.
Current Price: 1.33695
Next Resistance: 1.34400
Next Support: 1.32900
The trend is strongly bullish for the Italian index. This from the first days of January to this days. After the collapse of May (from the highs) it has reached the support area setted at around 18000 points. The price in these 4 months has recovered most of the descent, returning below the key static resistance in area around 22300 points and identified by 23.6%...
Ethereum is being pressured by two opposing forces. The breakout upwards from the blue triangle created a strong support line (the horizontal blue line), but it quickly encountered strong resistance at the level of the dotted blue line. This was the point at which Ethereum broke downwards last November.
Now it has formed a Head & Shoulders pattern which would...
I do not really know stocks, there might be opportunities there, but aren't they all correlated anyway?
All the rest thought, nearly everything is crazy lame. What is this? Why? Too large influx of retail traders 50/50 coinflip prevents markets from trending?
There are not even good ranges to trade. What if all these awful retail market participants are making...
A bearish trend could be expected after this SHS pattern in 1W. Support at 21.5x has already been broken. A pullback may happen in next weeks to that level as a resistance or keep going down to 20.0X support directly. This will be a very strong support which I don't think the tick is breaking. Few weeks remaining for confirmation.
analyzing spy on a daily, we see that the market is approaching a significant level of resistance.
from February the market is also trading inside a rising channel, and now the market is approaching a channel resistance.
on 1 hour chart we also see a small rising channel - we can use a bearish breakout of it...
The Most Important Moving Average Period is probably week.
AS you can see, In the recent year, MA20 and MA50 influenced trend price.
BTC is above the MA200 , That is ok.
MA50 and MA100 are close to each other, then we can focus on the MA50
Look! BTC is below the MA20 but very close to cross up the MA20.
IF BTC cross up 4060 USD in the end of this week then the...