For a while now, UJhas been ranging. Several breakout attempts have occurred and failed. However, the bullish structure on the UJ remains.
Bears are unable to push the price down much, and their impulsive selling was quickly halted and followed by a push to the upside, with our long-term trend.
Hence, I am looking to open long positions on this pair. A breakout...
Just showing the daily chart from the related idea. Price will stay in this ellipse zone and eventually move down to support.
These lines shown are from drawn from over a month ago, and the trendlines shown are from 2 months ago.
Just four hours before OKCoin settlements, Bitcoin price pumped up and tested our key level above.
My previous ideas had a very bearish outlook on BTC. I still remain bearish on Bitcoin in the mid-term, so long as it does not penetrate and close above the key level shown.
There may be a trend reversal in place, but I don't believe any reversal to the upside is...
Utilize important points. Direction is clearly unknown.
Markets move both up or down under different circumstances. Thus, two setups are shown.
One is good positioning and the other is a breakout play.
Note that you should not be buying if the price just gets hit but doesn't follow other breakout properties. It needs to be fast and strong. (Lacking wicks, full...
If a company is valued at $10 rises to $20 then comes back to $12, should you be long in the short-term and mid-term time frames?
The answer is no.
The proper play here is either to stay out of the market or to be shorting strategic positions.
-There isn't huge profitable moves right after a huge movement. Market needs a few weeks to get a good movement in.