Weekly charts represents series of data points where each data point is comprised of the price movement for a single week of trading.
This chart type has been used for a long time by traders and typically applicable for long-term trading.
In May 2014 after the bubble burst, bitcoin had a 65% rally and broke through the Weekly 20MA and it had it's first uptick since the pop. Everyone rejoiced, called the end of the bear market, and everything was just magnificent.
Does this look familiar?
The 2014 pump and the current pump we are in the midst of look remarkably alike which very simply point to...
What I see:
1. Previous support becomes resistance
2. Cup forming
3. Weekly bull flag
4. EMA resistance broken and possibly cross imminent?
5. Smiley face RSI
But I don't expect to break 6k on the first try, I expect it to take a while, maybe we will see some denial from a ton of bag holders wanting to get rid of their BTC bought right before the previous...
I could see something like this play out.
Moving averages are the 50 week and 200 week but put on the daily chart (350 bars and 1400 bars)
Daily Chart Coinbase:
Weekly Chart Coinbase:
Bitstamp Weekly Log Chart:
Bitstamp Daily Log...
-EU: eco slowdown continues, underpinned by ECB
-NOR: inflation picking up, central bank will further hike this year -> carry trade
-NOK gained even under risk-off sentiment
-CitiBank Eco Surprise Index (1mo) differential: -53.9 vs +53.6 in favor of NOK
Crude Oil is at a crucial point with price action reaching the 61.8 Fib level and the yellow zone which is a major weekly resistance. We also have a major trend line being touched as well. We are predicting a reaction and will give an update next week. TVC:USOIL
Price has been selling since the past few weeks and that has created compression in supply and price had reached an area this week, where demand is in great excess of supply and price rallied.
After been falling for months,...
chf/cad has touched 4hr/1hr zone followed by falling wedge. Price respected the weekly zone so I was actually waiting for retest of that area however, price has touched the 4hr/1hr zone before and that zone is very strong in terms of direction.
BTCUSD has been choppy, but the weekly chart shows a potential bullish TK cross on default ichimoku settings and lagging span above price if bitcoin stays within its current range. This scenario agrees with a bullish narrative using TD9 sequential, with a weekly 9 followed by 1-4 candle correction before trend continuation. A retest of daily moving averages in the...
INFLATION AND RATES
During the upcoming trading week the UK economy comes under the spotlight, as the United Kingdom economy releases a raft of high-impacting macroeconomic data releases. With Brexit delayed until October 31st, traders and investors will once again start to focus on the underline fundamentals behind the UK economy.
Global inflation data is also...
INFLASI DAN SUKU BUNGA
Selama minggu perdagangan berikutnya, perekonomian Inggris berada di bawah sorotan begitu perekonomian Inggris menerbitkan sejumlah besar data makroekonomi yang berdampak besar. Dengan Brexit yang ditunda hingga tanggal 31 Oktober, para trader dan investor akan sekali lagi memulai fokus mereka terhadap fundamental yang digarisbawahi di balik...
The Performance of EOS mainnet is getting reward by the Market. Outperforming ETH since the End of 2018.
A bit overbot but the trend is still prevalent. I would get more on weakness.
Just my Opinion not Financial advice
It has been trading withing the monthly support and resistance level of 11500 satoshis and 38700 satoshis accordingly but within the channel there are also weekly levels that are being respected currently sitting at 30700 where resistance was tested and rejected recently and now the direction downwards is looking at the 13500 satoshis support level. Moving around...
Financial markets await the latest economic assessment from the ECB
During the upcoming trading week traders and investors look to the European Central Bank rate decision and press conference with ECB President Mario Draghi. The ECB is widely expected to keep rates on hold, with market participants expecting President Draghi to turn even more...
#bitcoin - $BTC
I was looking at the weekly timeframe in order to identify signals that would suggest me what was going to be the next big move, ideally the beginning of a new trend or a confirmation that price was indeed continuing its bearish patterns.
Before we had the run up to 5k I highlighted the importance of Bitcoin breaking the 200EMA, that was acting...
Bitcoin bulls return
Bitcoin surged above the $5,000 resistance level this week as the market capitalization of the entire digital currency market reached its highest level of the year so far. Bitcoin moved above its 200-day moving average for the first time since May 2018, as the BTCUSD pair advanced towards the $5,300 level before correcting lower, as traders...