You have to understand predicting the market isn't rocket science. Infact if you discount the time it goes sideways it will go either up or down. If you understand the supply and demand are around support and resistance areas you have likely price targets.
So say we can assume there's a 99% chance it will eventually get to 7 or 9 bucks. You could then flip a...
A close above 1.1370 on the weekly time frame will be very bullish. The euro is gaining ground as US markets suffer from nervousness over the corona virus. The target is 3% to the next resistance level (which at 40x leverage is a gain of 120%.) Risk is 2% or a close bellow 1.1275.
Disclaimer: Not trading or investment advice.
This company is massively overvalued.
Growth numbers have been in decline for a while. (With only moderate growth the past two years.)
A large portion of the user base is bots. (Could be as much as 50-80%)
Chaos and lack of leadership.
Major problems with online abuse; infact a culture that thrives on and encourages it.
This company has been getting a free ride...
The euro is in a downtrend compared to the dollar for the last six months or so. The next levels to look at assuming the trend continues are 1.081 and 1.034 representing a 7% drop from current levels. The macd also recently gave a signal. In forex I like to bet on trend continuation so I think it's likely we see those levels soon.
GE has been in a big down trend since 2000! where it reached around the seventy dollar area. Now it's going back down after several months in the 10 dollar area. The next levels to watch are around 6.50 where it could be a possible great buy even with all the negative factors. It is none the less a well known brand and there is something to be said for that...
A lot going on with bitcoin technically. Here's a summary.
Consolidation at descending trendline. (retest)
Rejection from .5 Fibonacci.
Nine on 4 hour sequential.
RSI is reaching previous resistance area.
Outlook: I do think we'll see some downside from the sequential, but the RSI makes me think it could still go further up. No position other than scalping for now.
Most people when they think trading they think how can I make a lot of money fast. They usually start to trade and then reality sets in; they lose their money; they blame the system or the market maker and they never trade again.
Here are some ideas to avoid falling in to that cycle:
Position sizing: if you're just starting you shouldn't be trading with a two...
Sharing some basic patterns for those who may not be aware of them. This pattern is a very common trading pattern which often leads to a substantial move in the direction of the trendline break. The triangle is formed by multiple price moves going up or down to an area and then reversing thus forming a line. When a trendline going up coincides with a trendline...
I've been 100x scalping like a mad man. (I'm sure I will become profitable one of these days.)
Given we're at the top of the range and based on my technical analysis methods I think we might retest 9750 in the next few hours.