Sometimes inverting the scale gives an interesting view on a chart.
Looks like there is a perfect "dead cat bounce" pattern on the inverted monthly XAU/USD chart.
What do you think? Will the dollar recover? Or is it doomed?
Remember when Binance delisted the Bull/Bear Scamtokens on 29 of March?
They did not just delist, they liquitated all tokens for their self-printed BUSD. Remember, it is a token also tradeable on other exchanges, not a contract with Binance.
So CZ now has shitloads of the Bulltokens, bought for under 1100 - not even real -dollars.
Dont trust Binance, biggest...
A lot of people ("average joe" not experienced traders) are talking about buying stocks now because they had such a big dip. Also mass media in my language area (German) are full of buying recommendations now.
Yes, it looks like a big dip on the daily chart, but if you zoom out to the monthly it looks like we are just at the beginning of the crisis. Technical...
Bitcoin is trading at a strong support area.
There is the weekly 50 SMA, a longtime fibonnaci and also a big bullflag pattern, still valid if BTC turns around in this area.
If the bears win this fight i see the next strong level at the weekly 200 SMA, also this would be the target of the SHS pattern.
Hi, just noticed that its possible to switch the fibonacci to the logarithmic scale in the options. Works good on the weekly BTC chart. I drew one for the whole bullrun 2015 to 2017, and the bottom in December is exactly at the 0.618.
Logarithmic Fibonacci Magic ?
Welcome to this in deep, multi part analysis of Litecoin!
First part is fundamental, LTC or Chickun, (the name the real pros use for Litecoin), is a very strong coin, basically digital silver. Now that it has been chlorinated by the secret world government it will go to the moon soon!!
What every good stock trader knows: what is bad for your health is good for...