Good day guys!
A bit late with this chart, but something to keep an eye. Last times we had the 4 h EMA Golden cross it was during the consolidation triangle pattern, which gave us an upside, but then a dump. The one before it gave us the bull run which gave us the run up the 14k .
So eyes open people, this could be the starting of the up trend, though is bit...
Good day folks, had a long break from charting/trading and it was healthy:D
Coming back to BTC, the weekly looks good, a solid candle close above the 0.382 Fib level from the previous retracement and as confluence also from the last retracement. Adding to that the RSI bounced back and stayed in the Bull zone. ADX cross between Di+ and Di - didn't happen.
as stated before, the daily/4h (chart represented in the 4) is showing a possible descending triangle .
Thought is not a perfect setup as triangle, is still has 3 touches in the bottom and the representation which i showed would be a the ideal case of a breakdown. The possible target is not the low, could go lower or even never arrive to the low....
Good day guys,
well we had the weekly close under 8 k, not a good sign on my view, per weekly we are in a bear market. We have ton of 9 buy coming up or in game now and a possible descending triangle forming on the daily/4 h ( later a chart of the 4 coming up).
On a overview of the TD and CME open:
M 2 UNDER 1
31 D PRICE FLIP - green 1
W 7 ON 9 COUNT
Good day folks, so this weekly candle looks really ugly.
We are back at the opening of the weekly candle and it looks like it could pop to the down side. If we take in consideration the ADX, the -Di (red line) is ready to cross +DI (green line), the last time thos two lines crossed it gave us this last bull run up till now, on weekly bases. ADX, the bars you see...
The 4 h topped on the daily 200 MA, it was a 4h 9 TD sell, which in the end printed a RED 1 TD price flip, if we go on as this without a reversal, we could face a countdown to TD 9 buy on the 4h.
The 4h EMA are still bearish and the short EMA just flirted with the 50 EMA (yellow), I still don't see a reversal and also the volume keeps declining. We are stuck in...
We couldn't reach the maximum target at 880, the daily 200 MA reversed the price and print a doji. We are now in a range of equilibrium, which could give us more lower lows.
I still have stacked my order till 6k, thew worst case in took in consideration.
Btw i wanna quote this :
"Be Fearful When Others Are Greedy and Greedy When Others Are Fearful"
So we had the monthly and quarterly (3 months) close this night (UTC time), and I can't keep off my thought this two environments looks a lot alike the one we had at the topping at 20 k. Tweezer tops, this gives me chills down the spine.
Thought the volume in the last run we had is above the one in the previous bull run. A good sign?
Keep an open mind and trade safe!
Hello there guys, after few day of inactivity, after the weekly close, yday monthly and quarterly close we have still the bounce up due to oversold reasons going on.
We could see the volume was declining, hence a possible rebound due to oversold regions in almost all oscillators.
We broke our 1st resistance point at 8290-8300, next possible resistance is 8800,...
Well there is a possible bear channel forming on the 4H, indicators and also the EMA on the 4H are suggesting an exhaustion of the trend, the EMA are really father away from the price and spread, in this situation price trend pull back at EMA/MA then follow the trend again. Possible another drop, but also a bounce is incoming soon.
So guys, two stocks which are connected and both has some kind of inverted hammer adding to this, TULRAY is in a TD 9 buy, could this be a "buy the dip" situation ? Well I'm gonna give a shot, gonna wait monday to see how the weekly close end and evaluate a possible entry with the monthly close.
Well, what a beauty the TD setup trend resistance line, I can't keep thinking how many times it kept up to my expectations.
Adding to the daily 9 BUY, 128 daily EMA, the TD setup trend resistance line, a 4 h 9 BUY is also to be factor in as support area. In my view exiting (or at least taking 50% profit) in the short is a must, then wait and reevaluate.
Folks, a perfect TD 9 buy, 128 EMA as support for a perfect bounce, what more to say ? This is a perfect exit zone for who had a short going on, at least for me.
Now we wait for the possible correction to the 10 K area of resistance, where there is also the intersection of the upper line of the triangle with the horizontal resistance area, adding to this the ...
The daily chart is in a TD RED 8, which means tomorrow there is gonna be a TD 9 buy setup, so be careful and don't get greedy.
We are slowly grinding back to the bottom of the triangle, where we already touched the 128 D EMA and reacted as expected and if we keep up the trend, the 200 D EMA will be presenting it self on the bottom of the triangle. I expect this...
Back from an intensive week away due to work issues.
The snap shot we were left of 50 EMA ( Yellow) getting a 4H death cross with the 200 EMA (Blue) is still intact and actually consolidating the bearish picture, though there was a small attempt to cross back. Usually the price tend to attract back to the EMA's when they are father-away just to drop back again....