After a crash of 40%+ from the recent high in Feb, is it time to buy Tencent again?
Tencent has not closed below the 40 MA on the monthly chart yet.
The last few times it has fallen close to this moving average, it has provided a great buy opportunity for the short, mid, and long term.
Currently, the MA level to watch is 431.
If we close below this moving...
On May 23, 2021 I said
"Bitcoin needs to close above 49k for 1 to 2 weeks to confirm Bitcoin is bullish again.
In the meantime, I believe Bitcoin will trade ways,
have a dead cat bounce and trade between the green and red zone,
and in a few weeks capitulation below $30k to confirm a bottom.
The weekly RSI is still trending down..."
Bitcoin closed below 30k last...
Similar to Graincorp,
I like the chart pattern here,
technical indicators such as TD Sequential, RSI, MACD are showing signs that bulls are still in control and more upside to come in the coming days/weeks.
Ethereum on Fibonacci Sequence Timeframes 13, 21, 34 and 55 Day Chart with TD Sequential.
Look at all these TD 9s .... Furthermore, could we see another TD 9 on the 34 Day chart soon?
If we do get 4 "TD 9 sell" on these four timeframes,
It is more likely that a top is in and it could be months for another ATH.
#Ethereum #tdsequential #cryptocurrency #trading
Time to watch DXY and BTC, here's why.
If the US Dollar Currency Index breakout of this downtrend that was set back on 21st September 2020,
it will increase the chance of a further pullback for Bitcoin ...
The ETF on ASX is $IKO South Korea, iShare MSCI South Korea.
This ETF tracks $EWY in the US Market.
I like this wedge chart pattern here, we are still trading sideways since the start of the year.
A breakout is coming,
currently, the price is still above all three moving averages, (21,50,200).
Therefore, it is more likely to break out into the upside.
Was 7406 the top for the short term?
Was the breakout this week a bull trap?
Technical indicators such as the MACD and RSI are still with the bears.
If we close below the 21 daily moving average, time to reduce position size and risk until we can close above 7406 again.
The Global X MSCI China Health Care ETF (CHIH) seeks to invest in large- and mid-capitalization segments of the MSCI China Index that are classified in the Health Care Sector as per the Global Industry Classification System (GICS).
If Bitcoin could stay above the 50 weekly moving average.
There is still a chance that we could see higher prices and possibly set a new all-time high like 2013.
If Bitcoin close below the 50 weekly moving average, it could be a while for a new all-time high.....
New view on Bitcoin.
Bitcoin key level to watch - 3,400,000 Yen.
If Bitcoin can close below this trendline, I believe we will finally have Capitulation. (Below $30k USD)
“Capitulation" refers to the point in a market downturn when investors give up on recapturing lost gains and sell rather than hold a given asset.