Bitcoins is an awesome instrument to use technical analysis. Still don't get the idea of owning nothing but whatever :o) Price just broke the lower rising wedge trendline. We even had a retest earlier today with price touching the lower wedge line. Statistically, Bitcoin rarely miss two pivots in a row. We have one at around $45k and the other at $37k. Not...
My earlier triangle published last week didn’t pan out. We definitely need to break that trend line which is being tested right now. There is divergence on the RSI. To me this pair is weakening so I am still looking at those missed pivots as a target. Waiting game here
Keep your chart simple. Period. Most indicators or oscillators are somewhat similar to each other. Find one that suit you, study it and learn everything about it like if you were the one that created it. Trading view is amazing site for traders to talk or share ideas, but some of us are hoarding their screen like the way you fill your house with junk. I do...
Simple AUDNZD is in my opinion highly oversold. Unfortunately, the Aussie action has been spiraling Southbound for several months now. I am looking at 1.2300 for first target if we break the triangle upward and pass the 1.2150 mark. Otherwise I am out of that trade. Too many if though...
Not the prettiest head and shoulder but so far price pattern fulfilled all conditions of a H&S.
As far as I am concern the neckline was tested and now heading towards in my opinion to
the 61.8% retracement at 1.2654.
I am short for now, but it is usually bullish. Although it is not the chart pattern with the most success rate. Ranking 19 out of 23 according to Thomas Bulkowski encyclopedia. I am convince that we are heading to another test of the bottom channel. Half position now with another half position closer to 1.0580 if we get there and targeting...
Reason I went long today is purely because of level. Clearly the trend is down but we are at the 61.8% fib level and funny enough the same level was tested several times which gives us a good support. So, even though the trend is down because of level I am punting long with a target #1 of 148.00
Stop 139.50 and below that we might see 132.21