3 of the reasons
Divergence on RSI
North Korea vs. Trump not starting a war
Last vacation time/ period for the summer
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Tesla is going to have a very important autumn and we'll see a massive expectation from investors in delivering the products and maybe some more talking about future plans. For me I hope it's a good chance to buy at a discount :)
If the panic will keep rising and the tensions won't stop between USA and N. Korea, I guess OANDA:XAUUSD might have a big rise, as many gold traders are expecting. We saw the quick money from Japan and other ASIA how they went to BITSTAMP:BTCUSD and sometime in the next week or two, it will be GOLD's turn to get some money and gain some value.
The USD is still offering a clear path for SPX500 and the stock markets are still up for a bull run. But some corrections are normal so this is the time that we are waiting to see if we buy at lower prices or if we are still going up with the normal trend. My guess is that if the N. Korea conflict does not turn into a war, we'll have a major pump again, just...
Often times the divergence turns the trend around. I would like to see this on ZEC.
The support level looks good; even though the daily spike went down, it didn't close much lower.
It still has some resistance that comes from the fundamentals of ZEC, but my personal opinion is that the currency will find some good news in the coming days/week.
So the lower...
This looks like the double bottom is about to be confirmed and kick in from the 61.8 to the moon. Take care!
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KRAKEN:ETHUSD can have a few day to get ready for the next bull's triangle or accumulating for one of the classical continuation patterns (FLAG or something). BUT ONLY IF the Bitcoin will continue it's organic growth towards 3700-3900$ and will slowly form the classical trend of impulses and corrections towards a higher target.
For the ones that want to ask or...
As we already know the Bitcoin's uptrend is having it's corrections on Wednesday or Sunday. So it's around the middle of the week or the end/start of the week. This is an educational post that shows the possible correction happening in this timeframe, working it's way through the Fibo Fan and Retracement and might find the support for the next impulse at around...
POLONIEX:ETHBTC Is at a divergence's roundabout.
What u see on chart is:
*Fibo retracement and the 61.8 big support]
*Fibo fan on uptrend - the price is already out of the fan zone]
*Fibo fan on the downtrend (this summer's drops for eth from above 300usd to the price right now)]
*RSI with 45 and 55 levels for entering the trades and exit strategies]
BTC is going to be there on UK elections next week, all over the summer and on GE elections and so on. The new "Crypto Safe Heaven" is more and more like money in the human perception and it's performance is remarkable!
The BITCOIN went bullish like crazy
But now it's time to be careful, all you bulls out there! Some correction may happen, if we judge the bitcoin price as the normal/usual currency price that we trade so often. Even though it's a crypto and some rules may be different for this instrument, the fact that Donald Trump got elected set a pivot point for the day DT...