it's very clear, so I'm just going to tell you a story.. Long ago, there lived an old man with his three sons in a deserted village, located in the vicinity of a desert. He had 17 camels, and they were the main source of his income. He used to rent out camels as a means of shipping in the desert. One day, he passed away. He had left a will, leaving his assets...
Be careful and watch the purple circle.
Our trade Idea of the week is in Best Buy! It has some nice consolidation and is beginning to fire out of a daily squeeze. We believe that there is a good chance for the price to move to new highs! We will have a smaller position just to take into account the recent volatility so that we do not get stopped out of a winning trade if we can control it! Best of luck!
As predicted in my previous post about the BTC trend reversal, we've seen a healthy upward trend. All we need to do now? See if BTC continues its upward reversal through the channel shown in the charts. I've been using both RSI and Stoch RSI in order to see when they show that BTC is over/undersold. I'm currently seeing that BTC is showing signs of being...
XRP just broke out of the flat wedge I had drawn in previously, and now we have a new channel to follow upwards. The new price target is $1.70, the previous high, and also the 100 Fibonacci level. Our time frame is only two days time, and the returns are ~30% if trading follows suit. Best of luck, friends.
This is my second call on this coin. My previous call was when it was at 0.0078 BTC. People who followed were even at 100% profit at a time. I was really bullish on this coin at that time, as AirDrop was coming but it got postponed and the price dropped, but it held pretty well. Bunch of news are coming, as well as AirDrop within few weeks. This is surely going at...
The Gold currently is in a upward rally (daily Time Frame), after a short pullback where it has found a support area (coinciding with the 8 ema), it will continue with its rally. We are using an one hour time frame to find the best moment to enter into the rally, and we will have a good oportunity when the price will cross the 150 wma We can put our 1/2 TP in...
Attention, everyone holding alts, DON'T SLEEP! This is critical moment for both bitcoin and alts, Bitcoin had a correction recently and it found support near 50 day EMA as it also did that back in November, 2017. This time the critical support was at $12,800. It's trying to bounce back to it's ATH and breaking resistance after resistance from few days. It broke...
In the last week we were expecting that GBPUSD go upper at least to last local high near 1.36000 but price backed and our long trade was closed on break even. GBPUSD is still in upward trend over trend line. Now we are out of the market waiting if price will fall to the upward trend line.
CHFJPY is showing potential long term commitment. It has touched the support line of the pattern several times in a specific pattern and it has also shown support from the mini trendline I created as well.
It looks like both the trendline connects to higher lows to create an uptrend and it's been hitting the support line couple times as well as pointed out in arrows. Two places can be used for take profit because the red trendlines make a upward channel which could predicted a higher yield of profit making.
Now is the decision time for BTC again. The downward chanel was broken on the 20th of July and BTC nearly retested ath. Now the price is at 0.786 fib area. If we can apply Elliot waves and may this movements be the 1st and the 2nd impulse waves, then the third wave is approaching and by the 1st of august the new ath should be set. If we go downward then entry...
LTC is going just by the 2/1 support line. It bounced of 0.5 fib level and returned to the line. Now i'm expecting slow rise to the 3rd arc pair and then we can see a big thing after it closes out of the arc pair. Stoch RSI is about to cross the bottom line of buy zone. Buy and sell zones are red and green rectangles on the chart. Happy trading.
IMHO there should be some good movement in STR/BTC pair in very short term. We can see a nice jump to 800. Breaking the arc should be the key. Also, i see now a big buy wall at poloniex, something should happen, no doubt.
higher time frame in uptrend finding solid support and retraced to .50 level- looking for a bounce upward mid time frame is forming an ascending triangle with positive momentum and volume looking for breakout of resistance area of 112.4x to first target of 113.5x area lower time frame is showing once resistance is broken- there is the least resistance for strong momentum
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