$BTCUSD is pulling off once the 13000 proved to be a strong resistance to break.
If the cross keeps the current level (around 11300/11400) it could bounce back up. If, otherwise, the level is broken, we are definitely going down.
***As usual, my idea for information and educational purposes only. NOT a trading advice***
A probable reverse head and shoulders' pattern is developing in the 4h chart. The pattern is almost over with the neckline being tested as I'm publishing this.
Could be an interesting bull trend continuation if the pattern is verified.
***As usual not a trading advice of any sort, merely my idea for information and educational purposes only***
The stock is still in bear territory with the main down trend continuation from my last observation. The stock price didn't violate the 50 days EMA either so it is quite probably still headed down.
Fundamentals of this company are well known and the management's departure list gets bigger and bigger every day.
***As usual, not a trading advice of any sort....
You might be a Bitcoin believer or not but you can't deny the fact that these days $BTC bull run was mostly (if not completely) manipulated.
Let's face it. Interest on bitcoin (especially within the media) was gone. New fuel (new "investors" joining) were less and less. Overall prices were going down slowly with huge amounts of long "bets" posted at irrational...
Bitcoin seems to have taken a bit of a hit. I still think it's overpriced (you know what's my take on BTC) and next level to watch carefully could be around 3400$.
Anyway it's fun to see how if you bought Bitcoins last year around this time during the Thanksgiving hype where almost everyone in every family was talking about BTC and was investing something, and...
Still bearish on this. Watch out for the neckline level of the H&S that is forming on the daily chart. That could be quite a support level
***As usual not a trading advice of any sort, merely my idea for informational and educational purposes only***
Probably going to lay around 1.1320 again. Geopolitical instability is quite remarkable lately.
***As usual, not a trading advice. Merely my idea for informational and educational purposes only***
It's quite interesting to point out that the selloff of these days seems somehow similar to the February 2018's selloff. The magnitude of the drop is slightly different but, after such a drop, the main trend didn't broke. 50EMA keeps staying above the 200EMA.
October selloff, to me, seems similar. The bounce back is more or less of the same magnitude of the one...
The main bullish trend has been broked the last few days and, since Oct 17, EURUSD headed towards 1.43 with 50 and 200 EMA that are close to crossing in the 1h chart.
A crossing of the two would suggest a continuation of the already marked bear channel that could take the price to around 1.43.
Such a target price could be supported by nowadays Eurozone issues...
FTSE Mib is deeply retracing since May 2018, after the Italian political election, when the index broke the main trend support as well as the support offered by 50 and 200 days EMA.
Since May, the index is down 21% and overall indicators doesn't seem to suggest a reversion anytime soon.
MACD shows bearish signals as well as 50/200 days EMA diversions.
The selloff is affecting Italian banks is not over yet.
The stock entered a bearish channel and is headed to 1.8-1.9
Of course the price is heavily drugged by political risk and next Italian government's steps might change the trend abruptly.
***As usual not a trading advice, merely my idea for informational and educational purposes only***
The support level I highlighted quite some time ago is still playing a major role in $TSLA while SEC is still investigating the company.
I think that level will be broken sooner or later. The fact that Elon is still tweeting irresponsively is a clear signal that SEC enforcement was not enough.
***As usual not a trading advice but merely my idea for informational...
Well, the previous analysis worked pretty well although I thought the price could hit a level lower than what it reached. Overall personal sentiment is that the "up-down" movement will keep going cyclically this time as well.
I expect prices to drop once again.
***As usual, not a trading advice, merely my idea for informational and educational purposes only***
Mainly due to Turkish Lira $TRY depreciation, EUR/USD cross finished it's Head and Shoulder pattern forecasting an even greater drop in the cross.
Possible target price around 1.10-1.11.
***As usual, not a trading advice. merely my idea for informational and educational purposes only***