The parabolic upwards trend line is about to broken, and this could mean a lot of pain for the $TSLA community. If it breaks I would expect further sell-offs. Go team $TSLAQ
This thing is slowly grinding downwards still, would maybe go back to USD around 7.9 level which I think could be reached around the Election in November because of all the uncertainty and ambiguity that will be leading up to it. Anyways, I'd expect the USD to keep losing value against other G10 currencies, which will/is shown through the $DXY
past times the usd has fallen it has been a rather long process, however, these past 6 months things have moved much quicker. not sure what that means in the long run, but it's an interesting thing to consider if you are a SEK holder
Even though we might be entering a massive bull run, it is seems like Ether is very overbought at the daily time frame. Levels like this on RSI has in the past resulted in big corrections, and I wouldn't be surprised to see one before Ether goes on another massive run.
Think ETHBTC will probably hit that .236 Fib Retracement in the near future imo. However, we could potentially see a pretty big correction in the near future as well. But, I would think ETHBTC would hit .236 fib retracement sometime in 2020
Bitcoin hasn't really been doing much lately since the big pump and the big drop, but we are still in an upwards trend. I will be chilling on my BTC long position until the EMA 20 and EMA 55 switch spots, meaning that the redline will be on top and the yellow line will be on the bottom. From looking at past price action it seems pretty clear that when and if this...
USDSEK has broken out of a multi-year upward bullish channel. The US Dollar could continue to lose value in the near future, and the US Economy is worse than ever. Right now, it makes sense that the US Dollar will continue to lose value in the near future. I would not hold dollars right now.... Seems like a the SEK or EURO is destined to outperform the US Dollars...
BTCUSD did something that only Bitcoin does, and exploded from 9,800 to 10,500ish in less than 1 minute or so yesterday. A lot of people were caught by this move, which seems to have lead to a potential short squeeze. However, Bitcoin briefly broke out of Multi-year resistance, but it came down below the line rather quickly shortly after. We broke through previous...
BTCUSD just flew through the previous resistance at 9800. We officially broke out of the multi-year resistance in the same time.... ATH next on the schedule?
BTC-USD is known to anyone as volatile and an unpredictable asset. However, Volume is trending downwards, which in previous $BTC uptrends has shown to be a somewhat solid indicator that the price can potentially drop-off. Just look at the beginning of 2018 where volume started to trend downwards (BTC all-time high in December). Next, take a look at the 2019 summer...
Price Action Analysis for BTC-USD using the Wyckoff Price Cycle. Not saying this scenario will happen, but it is a little scary how closely the $BTC price has followed the Wyckoff Price Cycle since the big crash in March. Hopefully we can breakout through 9800 USD, otherwise we can massive drops in the $BTC price in the near future according to this trading...
Price Action Analysis for BTC-USD using the Wyckoff Price Cycle. Not saying this scenario will happen, but it is a little scary how closely the $BTC price has followed the Wyckoff Price Cycle since the big crash in March. Hopefully we can breakout through 9800 USD, otherwise we can massive drops in the $BTC price in the near future according to this trading strategy.
Ethereum has been lagging BTC-USD in terms of growth since arguably one of the worst days for crypto ever (12 March). Is this about to change, Ethereum just broke above Major resistance, can Ethereum gain momentum here and go on a run?
BTC-USD just broke up again, and we are now back in the Bullish trend channel. It will be interesting to see what happens next. Route to 9.8k or retracement to 8.8K? Time will tell
BTC-USD seems to be gaining support again in the bullish channel. It will be interesting to see what happens next? Route to 9.8K or retracement to 8.8K? Time will tell
