Clean Text book short played by dow jones, giving late hours retracement but the trend looks certainly down. We have to wait and see how far off the retracement goes but certainly a big bear engulf candle is in place for further down play,
Candle Cal takes another crack at navigating SPX trends. This time he stops to consider whether rock climbing is in the cards. Target: ~2360 SL: 2770 Cal is one of those down to earth people. He realizes, well, it's pretty darn hard to break a 9 year trend. And since that smaller upward channel is already showing weakness, why not hop down a few hundred to...
Hello again, Here is a redraw from my last noob prediction. With a little bit of math and lineup, I'm thinkin the bubble will POP on or around the THIRD, spewing hot molten trades through the clouds of chart land! Will we meet or exceed $10K? We'll see when we get there! Or hey, my noob ass could be completely wrong, then buying more at a lower price also sounds...
Price action is very similar to the middle of March 2018. As we declined from 8.5k down to 8.2k we created the same bullish divergence with the RSI as you can see with the yellow lines. Similar pattern on current day. The RSI itself when we bounced on March 15 from 7.8k->8.5K was 50 on the 4HR. We are currently at 50RSI on the 4HR and we bounced from 7.9k->8.5K....
BTC failed to find the steam even with Consensus - to push up past the $8700-$8900 USD level yesterday and this morning (EST, anyways). What now for the monolith? Previous violence at and around the 8k level - April 12-18, 2018/March 14-26, 2018 albeit a little less obviously - tells me that the next support line will be at that level. I suspect that, given the...
Well friends. I think the charts have done a beautiful job in helping us to identify these Litecoin "Buy Zones" over the last several months (see history in Related Ideas below) and once again the charts are showing me a possible scenario. Keyword "possible". Obviously, the H&S pattern that I've outlined in the chart has not played out yet and very will might...
UJ is breaking from all lower highs and top it belongs
BTC/USD on Coinbase seems to have formed a rising wedge with higher highs, but lower highs on the RSI. Samething with MACD....agrees with the rising wedge. A short entry with a target of 4% of over the next few hours I think could be some nice profit. Short entry @ COINBASE:BTCUSD & Target of 8,400. We'll monitor this as the day goes by.
Bitcoin broke trend resistance after a continues supply of bullish moves. We have now strong resistance at the resistance area between 9000 and 9400. Breaking that could open up possibilities to 11k. But there is a big possibility that trend resistance that now turned into support will be tested again to confirm the break and a possible trend reversal.
Price has hit for 4th time bearish resistance and it appears the pullback has been exhausted, touch was also in 20/50 EMA zone. Going short for 80-90 pips and taking profit before price hits bullish support trend that started back in September 2015. Wait for confirmation of support (with bullish MACD) and then look to enter long and hold.
good day ladies and gentleman, lets look at btc. the 4 hour chart has formed a head and shoulders patten which is currently breaking down, the elliot wave failed on the 5th wave.. it is wise to observe that the manner in which btc rallied out of the long term downtrend is super unhealthy for long term bullish movement and we can start to see this reverse now. we...
Russell 2000, breaking all trends. Close to resistance, We can see it keep rising to new highs if the earnings report beats expectations.
Title says it all. If $BTC falls below any of those indicators, or if today's daily engulfs the price gains from the last few days, be concerned.
- Waiting for trend line to be hit - DXY strengthening for the week - Always wait for confirms
Though I'm not 100% bullish yet, I can honestly say that this is the first time in 4 long months that the charts are showing me some positive signs of turning bullish. Here's what I see: #1 - A break above the top of our long 4 month down-trending BLUE channel. This is the first time BTC has made this break. Barely, but the green shoots of BTC spring are...
Market psychology is a wonderful. We will see if Crypto markets { BTC in particular} will be acting the way they've been doing so far. I am not a trader or anything, it is just my humble opinion,so please don't judge me too harshly.