Market: BTCUSD Idea: Strong reversal Type: Bullish Indicators: Ichimoku Cloud, Support/Resistance TP: $50k RR: 350% Confidence: 70%
I was trying to reply to TradingShot's 'Golden Decade' Channel Up analysis but couldn't figure out how to post a chart in the comments. I think I need a PRO account to do so. Anyways, my reply is that we should take in consideration the yields as well. If we do that then this time period correlates more with the early 1950s. I would also include that the...
DISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT...
I drew this triangle a few days ago, and so far the trend continues to fit into it. It appears to be a descending triangle, thus we are expecting the price to decrease. By extrapolating the base of the triangle, we are expecting a price decrease to around 26-24K area. This area also matches a previous resistance area back from February 2021. Another indication of...
I'm testing some EMA'S and the 89 EMA seem to be very useful! If you take a look at the chart and how many times this EMA acted as support and how many % it moved up after.. It's a very useful tool!
Contract - CME_MINI:NQM2021 - PR High: 13980.00 - PR Low: 13965.50 Evening Stats - Gap: = N/A - Session Open ATR: 197.12 - Volume: 16k - Open Int: 226k - Trend Grade: Retracement - From ATH: -1% (Rounded) Key Levels (Rounded - Think of these as a range) - Long: 14104 - Mid: 12530 - Short: 12598 Keep in mind this is not speculation or a prediction. Only a...
WKHS is seeing a strong uptrend with a good potential of S/R. Believe it hit next resistance line before major pullback.
Boeing stock continues to be pressured by well-defined falling resistance from 2019, maintaining the dominant downside focus . Bullish crossover ( Golden Cross ) between the 2 0-day and 50-day moving averages seems to be around the corner, offering near-term upward bias. Further gains to place focus on March 2021 highs. A turn lower has the May low eyed, but...
All of crypto will be following by Bitcoin's mover!!
I spent a lot of time searching for information regarding the sudden drops and increases in the CN50 index price. From the information obtained on many pages, I analyzed and described everything in the graph. I checked every page I visited to avoid taking into account the fake news that was being disseminated. I wonder if it really happened. Enjoy reading.
A regular bullish divergence emerges as the death cross* approaches on the above daily chart following an exact 50% correction in price action. On the 2-day chart below price action lands on the 2-day / 21-week SMA (green line) (actually 42-weeks of data). I use this ratio for a cleaner signal. In the past this SMA has offered strong support - look left. A new...