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 the past weeks AUD was very weak, we can see a consolidation zone for a while but in the long term this trade is strong bullish. Lets patiently wait for the trade , use risk menagment and lets see the results.
Wish you all a profitabile week .
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This is my opinion on where I feel we need to test next on the macro time frame. I expect a strong bullish bounce in the 1st green box which is the 21 weekly ema , and also a very nice fib retracement zone.
If we lose the first bounce zone in the mid to high 8ks I would expect to test the 55ema next in the mid 7ks.. If for some reason that loses support too the...
*Using Poloniex for historical data. Shorting can be done on other exchanges, Bitmex in the case of this analysis.
ETH is within an Ascending Broadening Wedge for its overall history, currently having broken below the lower trend line with the Weekly 60-Day Hull Moving Average and the 175-Day HMA above it at $235. A cross of these two HMA's could occur within the...
I bought Sprint calls
I think it will break $7
The contracts expire on Friday
$7 strike price
I paid .05c per contract
I bought 10 calls, so i paid $50 for this position.
$50 max loss if the contracts expire out of the money.
If Sprint goes back to $8 by Friday $950 profit.
After watching endlessly 5 minutes, 1 hour, 4 hour and daily charts that barely move, it is hard to not give in to a slight sense of fear and uncertainty and question all the motives that brought you to this asset. The fear intensifies as we watch all the experts, YouTubers and analysts that do not really think twice before speculating with doom and...
XRP/BTC has looked extremely bearish in 2019 but a reversal could be on the way soon. A falling wedge is forming on the weekly chart. The bottom of the wedge appears to end right in the buy zone (a full retracement of price in Dec. 2017). The top of the zone starts ar 2300 sats and ends around 1500 sats. If price breaks below that, who knows how low this can...
BTC just touched the 50 Moving Average on the Weekly chart (more relevant) and retracted quickly.
As of now it doesn't look like it has the "umpf" to go above it.
We will see in the next days.
My personal feeling is that the bulls need to regroup at this time as more buying power can be gathered at lower prices.
This is not trading advice, just my personal opinion.
When in doubt, zoom out.
Bitcoin hasn't tested the 21 weekly EMA after breaking above it earlier this year. Maybe it's time.
Notice that everytime the 21 EMA got tested, it happend right after a peak on the RSI? And notice how bitcoin recently made a peak on the RSI again?
I think it's safe to say we're in a bull market as long as we stay above this EMA, and...
NYSE:SLCAOn the Weekly Chart:
- W in Willy, and crossing from oversold
- W in OBV
- Weekly W from May 2019
- There is a larger W from Oct 2019, that will be confirmed if price reaches 18.08
- Confirmation of this larger weekly W, would bring price up into the RLZ starting at 24.82
- Low risk trade: only risk to bottom of previous lows
This is a long term...
Next week will be decisive for AU to continue as the huge weekly hammer predicted three weeks ago. Because the same hammer also formed a double bottom we would tend to feel secure about our bullish choice. However, this was exactly what happened back in June and the same outcome could follow again, and back then we also had UJ seasonality to back up as...
IN THIS GRAPHIC WE CAN OBSERVE THAT WE FIND US FOR TOUCH THE SUPPORT OF 10400-10400 IN THE CASE THAT THE PRICE RESPECT THIS RECISTENCE WE CAN FIND IN AN BULLISH SITUATION.
IF THIS SUPPORT BREAKS, WE CAN WAIT FOR A MINIMUM OF 7400-7300.
IN THE RSI WE CAN EXPECT A POSSIBLE BULLISH RUPTURE
IN THE STOCH WE CAN SEE THAT THE PRICE IS IN THE MINIMUM ("BUY...
A great opportunity has presented itself for a short on the USDCHF pair. Observe my study instruments. Trade BOLDLY!
Indicators Used -
Fibonacci (for trade management, setting TP and SL)
NB- This is for educational purposes only and capital is at risk in trading.