Hi this is my prediction on BTC we have on chart midl triangl and midl triangl shows two trends.
4H CHART EXPLANATION: We observe that price has bounced at the Daily Top level and was rejected strongly. We are waiting for a breakout of the Ascending Trendline to take short positions here. In the short term, the potential targets are the Support Zone, and the main ascending Trendline.
4H CHART EXPLANATION: At this moment price is facing the Support Zone at 13400. We expect a little consolidation here to continue the downside movement. The short term target of the move is the Bottom of the Triangle Pattern. Long term targets are explained below on the Daily Chart. DAILY CHART:
KNOWN CRYPTO CAVE 50 DAY 200 DAY TEST TEST Just checking to see if this works, haven't don this much before :)
This is just a short-term long position for the SNP, if you are a swing trader then there is a possibility we may bounce in January and continue back down on February. I am basing this on the fib extension of 1.618 and the .236 Support level. Things could go alot lower as bearish momentum almost always moves faster than bullish momentum when it comes to the SNP...
BTC finally breaks above the 50 ma(in orange) and hits the projected breakout target that we showed in a previous idea of this small falling wedge pattern precisely...would not surprise me if it consolidates a little here until stoch rsi is cooled down before the 50ma eventually lifting it further upward. So a very temporary neutral here while a more long term long.
I believe that NASDAQ:MU is going to explode. 5 p/e ratio. Strong industry. The only downside is that many people forecast that the semiconductor industry inflated and the prices are going down (bad for the companies that produce them, aka micron). NASDAQ:MU is currently back to the green bearish trend although it still has much room to go up to around 50$ or...
EURCHF completed the bearish movement and now the price could make a big correction. In order to do this, I am seeing a Head and Shoulder Pattern to reverse until trend line. Let´s wait for final confirmations(candle) to enter on a couple of trades.
Oil Daily Chart. MACD cross up failed, trade under 50 MA. Bearish trend continues. Aug 12 947 PM FX $USOIL $WTI $USO $UWT $DWT $CL_F #OIL #chart
Something worth being aware of. Here on the 1 week chart we can see this diagonal yellow trendline is current resistance...if we trace it back to a year or so ago we can see it acted as a major line of support multiple times...once we crashed below it however it has now flipped to resistance and we can also see that it's current trajectory and prosition is almost...
Day - Price at BB Dev 1 top band - Watch where day closes 4H - Price needs to breakout of the SMA's range 1H - Watch if 50 sma holds - Price may be retesting support - New fractal high made 15m - Wath if 50 EMA holds Watch red/green arrows indicating possible directional choices price can make 4H has possible target prices from breakout
Hi guys, another day another trade. Quite alot of setups this week so far. Today I'm going to put an entry order on GBPNZD. Price pulled back and formed a double bottom, rejecting the 50 EMA aswell as the 0.618 daily fibonacci retracement level. As of the time of writing this price has'nt closed above the daily 0.5 level yet, if the day should close above it...
After repetitive attempts to rise upwards through the 200EMA, BTC is now using the (2017) 0.382 Fibonacci green zone as support which strengthening by aligning with the (Current) 0.236 Fibonacci and the McGinley Dynamic, A persistent strong price level that always shown to be quite resilient in the previous attempts. The McGinley Dynamic has proven to be useful in...
We are in a fighting pit! A Death Cross is on its way or will we escape it? Battle into sunny pastures with bulls all around or enter a long dark night with bears in every corner?