BDDC

BDDC

Oil has been a relatively lucrative target lately despite its volatility. Thia idea represents a conservative approach for a short-term trade. The moving averages on this chart are currently at around $107.5 and the price has respected the moving averages as a resistance. If the next few candles close above this level, I'll be comfortable to invest a small...

BDDC

Historical data shows that bitcoin is currently at a critical zone. The green line is the level which has previously acted as a "resistance becoming support". So far, the price has bounced off of that level, although the last candle does not signal a reversal of current downfall. Therefore, the conservative approach is to assume that the price will follow the...

BDDC

This simple idea is based on my observation of the head and shoulders pattern on the daily chart. The green line is the first level of support based on the historical data, although support at around $35K is also plausible based on weekly moving averages. The target for this head and shoulders pattern is much lower, at around $17K. However, it is reasonable to...

BDDC

If you look at the weekly chart, since Jun 2020, almost every time a doji or spinning top appeared it was followed by a trend reversal. Let's watch this unfold over the next weeks. -------------------------------------------------- Not financial advice. Not a financial advisor. Just for fun and my own education.

BDDC

... complete formation of the head and shoulders pattern (green triangles) -> breaking above the dynamic resistance that was challenged twice in mid-late June. Note the bullish divergence. In another scenario, If the price goes up from here, a golden cross will likely occur which is extremely bullish. The previous golden cross occurred nearly a week before the...

BDDC

Let's see what happens. A 10% profit short term would be nice! Fingers crossed! Not financial advice. I'm not a financial advisor.