Chart says it all. I'm looking for a capitulation style sell-off that could reach about $8,000. Look at the sell-offs from 2500-1800 and from 3500-2800. EMA 850 looks like a very strong bounce line but we can dip slightly below it. The one thing I'm worried about is the lack of real support since we pushed through 7k very fast. Let's see what happens. Don't...
Follow easy steps for more $B and reversal meme. If we go lower than 7k, open bible.
A look back at the previous areas of resistance and support which show clear capitulation sell-offs before continuation of the trend.
It look like BTS found his bottom at 700 sat, last wave down the stochastic did not make a lower low. We have a 4H cross of the 100 and 200 sat wich may indicate strong upside. I Think its a good level to enter long position with stop loss below 900 sat My profit price are based on the daily SMA and the fibbonacci retracements : First target around 2000-2100 sat,...
I am a big fan of IOTA. The expected Head & Should pattern played out perfectly in the end although the market did everything to mislead bulls and bears during the last couple of weeks. I guess we just witnessed the bear capitulation.. Couldn't find any news that justify this sell off but as IOTA had gone up so much a nasty correction was necessary. All my...
Basically time is up for EURO to get itself into final correction path. We have enough forces in coming days to finalize this action frame. 4th leg has to perform around 1.7250 up to 1.8050 before gravity do it's job for the rest route
So as Retracement has ended up with Rejection and failed to get higher, It's safe to say that breaking could be very much a possibility now. Watch for Flag..
Identify - Price action already showing bullish direction - Pair has hit 0.786 fib retracement of 1-2 Inpulse leg - NZD has still maintained a bullish bias Predict - 0.382 / 0.618 confluence of both impulse and corrective legs - Possible ABC pattern forming - Bears need to take a breath and enjoy some profits - After huge USD strength, time for a...
that volume since beginning of the year (and from August really) shows that the stock has probably found it's bottom for the moment. It bounced nicely off the fat red long term support line and is headed up to the next mid term range of 106 to 108. If apple releases a brand new product that people like and use (not another stupid watch, but something useful)...
As the charts begin to turn more bearish, we are forced to look for some sign of a turnaround. The trend, which has been going on for over a year, appears to still be intact. I expect that we will either form a double bottom as we did back in 2011 (I will link to an interesting chart by lowstrife that caught my attention), or we will have one final leg down to...
I'm now targeting the $265-$280 area. It turns out my descending triangle was actually a bullish descending wedge. I'm now long and watching $190 strong support. It may not be immediately, but somehow, sometime, we are going to reach that $270 area again. Price is bouncing at support as I type this, so I'm thinking this may be it despite the lack of a real...
As I've said before, we've been in descending wedge consolidation pattern for over a year now. Naturally, things are quite choppy and indecisive toward the end of this consolidation, but the important point is that all available info says we are close to a bullish breakout. Some reasons why are posted on the chart. First of all, the descending wedge, which we...
What will happen next? Will EUR stabilise and rise up from the Triple Bottom, or will the Big Level of 1.4000 get broken? And if it breaks below 1.4000... will it be a quick, nasty sell-off - just to reverse within next 24 hours? (Im not going to trade this with real money or just with a very small lot size)