Gold Bulls are finding it hard to push pst 1505 (BLUE LITTLE LINE ON CHART SHOWS WHERE TESTED THIS THEORY AND IT HAS GONE DOWN FROM 1505 3 TIMES 2 ARE MARKED)
with the support level being at 1496 i believe we will go to this level again to retest with then breaking the support level and potentially dropping to 1480 zone
Vertigo, Interrupted ...
It flashed, it fell, sort of.
Patterns are the thing.
Here's a snapshot of the previous price range flash mini crashes.
Waiting to see if the current one "falls" into one, or, being BTC, does its own thing anyways ^^
(Please note this Analysis does NOT constitute advice and readers must undertake their own analysis/research before...
Thar She Blows Cap'n!
It's Sunday evening, the becalmed Sunday is about to drive the Crew Completely Nuts when … THAR SHE BLOWS Cap'n!
The Wind rustles the Sail, Fractals gather at the base of the Clouds and the Seas begin to stir, something is rousing in the depths ...
And UP it comes … a KRAKEN breaking through the becalmed surface, and reaching for the...
Possible XABCD pattern showing target range between 11750 - 12000.
Patterns are everything and this run seems to follow.
(This observational Chart does not constitute advice or recommendation. You must make your own research and effect decisions based on your own judgement).
STOCHASTIC: Indicator is severely overbought as well as the RSI & other oscillator indicators.
SCHIFF PITCHFORK: Median line has been well respected in the past and price is struggling to cross this large resistance area.
VOLUME: Breakout of the 8200~8400 level was not followed through with volume indicating the lack of buyers in the market. Volume over the last...
I see a falling wedge with the opportunity for profit from a short position with SL: 1.12717 and TP: 1.11000
Use risk management as if it breaks upper trend line one may want to start thinking about closing the position.
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My name is LILLOMATTE, I have been studying trading hardly for 2-3 months, I'm publishing my analysis in order to have some advice and recommendations to improve my trading experience. Happy to hear your opinions and ideas about it. Feel free to share it!
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