On the rwecent 4 hour candle we can see thaat it has dipped down to test the T line a few times..even wicking below it once...whle for the most part the body of the candle is finding supprot right at the bottom green trendline of the current bull flag. The T line and the bottom trendline of the bull flag are close enough to eachother in proximity that they are...
"IT''S OVER NINE THOUSAAAAAND!!!" Move over Goku there's a new Super Saiyan in town! As anticipated, btc broke bullishly out of another bull flag which should see the price action rise to the top of the dotted green trendline right where it meets the blue fib retracement line. From there we are less than $100 away from the purple descending wedges projected...
Just a quick update on which lines are now support and which are now resistance....also We have officially closed 1 4 hr candle above the buy sell line (in orange). A few more closes above that(which I'm confident we will get) and we are back in a buyers market! Onward and upward!
Exciting to see we have confirmed the breakout of the wedge....wedge breakouts tend to have very reliable projected target prices and this one goes all the way to $10335. I have updated my chart to show which fib lines, trendlines, and moving averages can act as support or resistance along the way. The only EMA I have on the chart currently is the T-Line...simply...
Red: Bithumb Purple: bitFlyer Green: Average of 16 BTC pairings BTCJPY and BTCKRW converted using Forex indices. So is the 16 pairing average. Fib lines drawn from each individual peak to their troughs. Interesting to note is how closely tied bitFlyer is to Bitfinex. So far I cannot see a correlation because it's so hard to look at.
Ever since the bullish hammer spinning top 1 2 punch combo we've been on a nice up trend. yesterdays day candle finished strong right under the white 38.20% fibline ($10400) which was the previous 4 hour candle's line of resistance but has become the current 4 hr candle's support line. Yo can also see how the current 4hr candle dropped a wick down that bounced...
Bulls caught their second wind and busted through a triple reinforced resistance line of the yellow fib line, and the convergence of the 200EMA and 200SMAs(on the four hour chart). They finally got the strength to close the day chart candle above that barrier which is a win for the bulls, Even though the candle on the day chart was indeed able to close above that...
As I said in my last idea 4 hours ago...even though the price action of yesterday's candle did exactly as I predicted it would while forming another encouraging higher low/higher high combo(which is great for an ongoing bull trend), it also formed a red doji, coming off of a bullish pattern which usually signals a reversal and leads to at minimum a temporary dip...
Todays BTC Candle has been wicking above the T-line(yellow line) quite a few times today which has acted as strong resistance the past couple days. It has now gone up above the t-line and touched The 200EMA(orange line) and bounced down off it a couple times today and currently, todays candle is as of this writing, still above the T-line. It's possible then that...
If you take a look at this zoomed in picture i65.tinypic.com you will see that today's candle has been repeatedly bouncing up off of the 200 day simple moving average (purple) using it as a support line and also the T line(yellow) seems to be retaining its role from yesterday as the resistance line. Hopefulyl one of these bounces off of the 200SMA will give it...
The double bullish reversal hammers on the day chart the last few days turned out to be yet another bull trap by the bears. It was first evident when the second green hammer had hardly any volume coupled with it....but far more evident once the next days candle(yesterday) began forming a bearish engulfing candle giving a solid warning to sell. The bearish...
Since BTCs decline from its all time high in December you can see it hasn't gone outside of this downward channel (in green) and today so far seems to be no exception. Another extremely reliable line of support BTC has not dipped under and has in fact bounced off of several times in the last 6 years or so is the 200 day exponential moving average (blue line) on...
Pascal looks good to take off! Moving averages show a drop could occur but I believe this chart will ultimately be up in the next week or so. Even if uptrend line is broken, the support are should provide many buyers! I would buy anywhere from .000072 to .000076 and profit target around .000100. Stops should be around .000070. Thanks!
We are long on the Amazon. Targeting the near term resistance on the AMZN, at the 963 area. AMZN in the near term is technically positive. We recommend an opportunistic buy with an entry below 944.76 with a primary target at 963.23.
As you all can see price has been in a downtrend phase for quite a while now. Price tried to break my trendline but it receded back in the downtrend phase. Price also made a fib c on my 38 % fib level and it is now currently moving downward aggressively. My moving averages have also crossed to the downside with continuing bearish candle sticks. From all the...
Entry for a long when price closes above the short term moving averages. The point of invalidation is a close beneath the recent swing low @ 1122. Target is a prior support level (Feb,March,June 2016 , & Fib 50 level) . Risk Reward is 3 to 1. If price is beneath target , and closes below the short term moving averages , the trade is closed.
short term Long & long term Short & long term Long structure,moving averages,fib LOL
In our book Pennies to Thousands we look for low price cost stocks that trade above $1 up to $8, the reason we like this type range is because there maybe some research but the institutional research is light in this area. The reason we don't include stocks under $1 is we believe there are too many stocks promotions and scams in the sub - one dollar area. We also...