Visible accumulation near 1900 points, lots of bears still in denial who want to go straight down to 1850, but a bounce is more than overdue and intra-day price action showed this. I got long entries at: 1901-1903, will long more below this Stop loss: 1875 Target: 1950+
Bad things come in threes? My last bearish call was too early and even against my own older prediction (see red arrow on the chart below). But now everything has lined up for a pullback to at least 2600 CNY: Late longs above 3000 CNY can easily get trapped Stock market crash is starting to reverse in a buy opportunity (the 'buy Gold and Bitcoin' theme can...
If the Chinese market doesn't crash more after circuit breakers have been removed this would calm the stock markets and open the chance for a larger bounce in the second week of January after (above average) many consecutive days of very strong selling since the first trading day of 2016. Risk / Reward is up to 2 Entry: 1930 (1940) Stop loss: 1920 (1930) First...
After a fast and furious price advance in Q4 2015 the weekly RSI now looks like a double top and therefore the only direction for the BTC price is back down to test the deep buy support (which could be around 1900-2100 CNY). Short entry: 2750 CNY (not everyone was able to sell during Christmas 2015 ...) Stop loss: 2800 CNY Target: 2050 CNY P.S. If the price...
The overall long-term trend direction of the Bitcoin price seems to be still upwards - at least so far as of December 23, 2015. Tradingview moderator lowstrife has made this beautiful chart on top of the Quandl Bitcoin price data and he used his default dark-blue background color which matches amazingly good with my MACD trend heat map. Tomorrow is Christmas so I...
One month ago I posted a ultra bullish chart with a price target of 3350 until Q1 2016. Well, the price back then was only 2404 that day I posted the chart and it looked like a very crazy steep rally would have to occur to make this possible. Then the unlikely happened and Bitcoin bulls achieved this long-term target not in months, but in days, going up to my 3350...
Unlike previous bull runs of the last year this time the price actually seems to overcome the correction after the extreme rally without dropping lower like a stone - like it usually did. Therefore the only way is up, up, up at least until Christmas 2015. Long entry: 2450-2475 (I entered this rally yesterday at 2350 but wasn't sure enough to post a bull chart)...
If Gilead Sciences repeats the last pattern one last time the stock could go back up to a last and final peak around $115-$116 before it goes down for a long time - if it does indeed complete a trip top chart formation around March-May 2016, during the end of the Fed driven zero interest rate stock bubble.
So many bearish signals in just one chart. Let me list them for you: MACD bearish RSI bearish Stochastic bearish Bollinger Band midline ("SMA20") bearish Price below weekly pivot, bearish Price below monthly pivot, bearish Double top on the weekly chart, super bearish I'm short since 2085 with target 2045 or lower (depends), see my chart from market...
Two reasons to long the falling knife: a) Draghi speech on Thursday (tomorrow), is expected to be bullish for the market, at least the EU-market b) The price sits currently nicely on the DeMark monthly and weekly pivots Entry: 2079 Stop Loss: 2067 Target: 2100 15 minutes chart of the potential bottom (16 minutes before the close):
Short entry: 2085 Target: 2045 Stop Loss: 2110 My recent charts with more details:
The tech index is about to either breakout above the resistance (red line) with a large new leg higher or fall back down to the old price area this or next week. If the reaction this week is a pullback I expect the price to fall back down all the way to the 4900-4910 area. (green line), which is below this monthly pivot price and at the last month's pivot.
I discovered this trading system called "SMAX" and liked the periods Jimmer decided to use on the daily chart, so I replicated it for everyone to see in one chart. The daily bars are colored by my MACD color trawler indicator script with his MACD period setting. For those who never used the ADX, it doesn't show if the price goes up or down, it only shows...
The chart is at the edge between continuing the uptrend channel which started after the correction in late August - to a new all time high - or resuming to the big crash scenario which also started in August.2015. The chart looks bearish to me, given for example that the MACD is rolling over to a bearish trend today. But until the market makes a real decision...
Rally of the last days seems to have peaked. MACD and Stochastic are bearish on the daily. Entry: 8.645 Short target one: 8.60 Short target two: 8.58 Stop Loss: 8.65 4 hour chart: Stochastic is bearish and price is below the Bollinger Band midline (SMA 20) 2 hour chart: Stochastic is still bearish and price is below the Bollinger Band midline (SMA 20) and...
The market bought up the downtrend risk as if the Paris attack never happened with a short squeeze on Monday which turned into a real strong uptrend and now it is back to my "rally until the FED speaks in December" plan, which I posted earlier. I hate to flip flop so much, but the market is in such a key pivotal area here between breaking out to a new yearly high...
The Bitcoin price consolidated on the blue support line (see chart below) and appears to re-test the highs of the early November rally. I see a maximum retest at 2595 (see chart below) Long entry: 2100 Stop loss: 2045 First target: 2340 Second target: 2595 P:S: Right before I posted the chart, the current candle was also trending up (green). Just imagine a...
A harmonic angle shapes the Bitcoin price trend since years. The angle ends in January 2017 at 5000 CNY: A breakout to the downside would signal a continuation of the downtrend (red arrow). If the price stays above the blue line it could lead to a very strong uptrend. This is currently less likely, which is why I decided to post this chart not as neutral, but as...