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Pretty clear Kumo Break with lagging line starting to cross the cloud. Very strong Bearish indicators here: TK Cross over, Kumo Twist, Kumo Break, and Lagging line breaking the cloud. My target will be the .786 Fib Level
During the first initial uptrend we had Brexit taking place, we saw a huge swing in price to the upside, then a dramatic move to the downside followed by consolidation. Volume was slowly decreasing over a period of 45 days leading us in one more fall in price until it finally started moving back to the upside. Now we are seeing a very similar graph with very...
We just recently broke the Tenkan support line, at this point if you are not already in a shorting position I recommend waiting to see if price hits 1995-1994 before actually entering a position. As of right now there are some solid bearish indicators: Double Top formation, Lagging Line inside of price, 1 day MAJOR resistance level, Broken 4 hr Tenkan, seems...
The USD is not looking good on basically all pairs right now. There is a lot of uncertainty in the United States with the recent transition of power. The country is completely divided with riots everytime you turn on the TV. The technicals are supporting the sentiment, and I just can't find it in myself to Long the dollar
We have all kinds of bearish indications here: Shooting star, Bearish TK cross over, Kumo Twist, and lagging line inside price. The graph pattern I personally see is a Rising Wedge. All of this analysis is purely technical.
Pretty risky time to be trading Bitcoin right now. We must wait for direction before making any decisions. Bitcoins direction will be identified in the next Support/Resistance break. Wait on this one guys
Overall on a 1 week time frame Oil is looking pretty bullish. Seems to me like a long term hold. On a other note everyone should take into account Gold and oil are positively related. A rise in oil prices is an indication of bad times and gold prices rise correspondingly. Gold and stocks are negatively correlated. If stocks go up, gold goes down and vice versa.
Looks pretty bearish all around still, we have a 1 day kumo break and TK Cross over. I do not see a reversal in trend happening. Most likely still safe to short but wait for a pull back to resistance levels
We have the price going slightly below the cloud along with a counter trend line break on the 1 day graph. We are at a strong 1 week support line, so we will have to see how the price reacts. The candlesticks are not giving us any clear indications on how it will react to this level. On the market open we will have to see in what direction it wants to go.
-Cloud looking bullish,
-Fractals looking bullish
-Trend making higher high and higher lows
-Bitcoin currently crashing giving altcoins opportunity to grow
-Downtrend started in October broken
- 4Hr Kumo Break
-Lagging Line above price
Keep in mind price could do a reversal on this 1 day resistance level but with the drop in Bitcoin i dont...