At this moment, it's crucial to recognize that the highest buy and sell levels for extreme moves in the month of October are positioned beneath us. In light of this, a word of caution is in order. Employing stop-loss orders is not just recommended but paramount.
There may be instances where your stops get hit a few times, but this is an integral part of risk...
Is btc about to make h&s pattern and enter March with a 50% fall?
Or the structure will get invalidated bringing us the new cycle early!
Come back here and click load to find out! :)
...you can correlate this chart with your btc chart and try to see the inverted pattern...
Last night BTC tested its $30,000 support and was bought straight back up, creating a small uptrend within the downtrend.
Getting close to breaking the downtrend now.
Otherwise looking for price to fall below $30,000 for a short position.
To be clear i am bullish on ether and think we still probably have a while to go before we see a correction like this however I do like to consider everything and look at both the bearish and bullish scenario. For some reason a lot of people want to act like ether has underperformed but if you take a look at this chart going back about a year to the start of this...
Who knows if we have at our fingertips deadly serious Financial Instruments worth next to nothing today
and again who knows if those ones could be worth an arm and a leg some time from now.
look.
According to wser people, this coin prices are easily manipulated, due to some mathematical factors which I don't understand. They talk about Logic applied to Statistics, correlations and so forth; the thing goes so bad that when we see a move like this one we miss it because it doesn't fit those lines. In other words, it is too hard to believe it is a...
Pay attention to the purple line. Its shows an inner (almost) "pennant" or closer to "descending" triangle. Either way this is still a trading and/or scalping range. Keep in mind that the EUR has been in a bearish trend for 2 years. We really need to wait for a big break out. Although, I have charted some easy spots to look for reversals, ill be taking shorts...
Global uncertainty around coronavirus still present and oil price is pretty much under selling pressure..
..according to the trend it seems logical to join bears if the price closes below the triangle chart pattern formed on 4h time-frame.
However, if there will be any sign of positiveness regarding vaccine or OPEC members decide to cut the supply of oil the...
Well, after a strong rejection from $3.00, $2.00 is holding thank goodness, and we've seen a good uptick in the past few days. However, we are not out of the woods yet, and where our current weekly candle closes will be a big tell for the next few weeks of price action. Firstly, above all else, SOME kind of green candle here is important if we are to find a...
Using the 10Y and 2Y US yield curves, I wanted to attempt a potential market crash timing on the Dow Jones Index. I used all available past yield curve data and found the timings of past 3 crossovers that correlated with the market. On average it took 508 days after the first 10Y-2Y crossover for the DJI to reach it's maximum value between the crossover and the...
Looking at the chart, price is going to go one of 2 ways. (Obviously!!)
We can see that there is a nice little resistance zone around the 38.2% Fibonacci level, if price gets rejected, again, we can expect a a move down, but by how much? Well I don't actually know as the markets have been moving mad over the last few weeks!
If the price manages to break through...
As you most likely know by now, BTCUSD broke through the short term support line created back when it broke through resistance. However, since the breakthrough there have not been any major movements upwards or downwards. It is still a 50/50 chance whether it decides to head back up, or back down.
Our only option now is patiently waiting to see whether it breaks...
