This is an update on the biggest bull run in history.
Watch out - the DJI could head for the moon, or hesitate (consolidate), or fall grudgingly before charging north or south. Eh? Like some people might have wanted me to make a commitment. I'm not doing it, cuz the whole thing is extremely ridiculous. LOL!
Right - so this is only about possibilities and...
Those who have given up on Bitcoin - BTCUSD - could be soon in tears! There is an obvious consolidation pattern on Bitcoin. Loadsah people are listening to 'the news' instead of watching the price action - which is just fiiinnnne!
Just to be clear the probability estimate is still 51% for the north at this time - which is not a prediction. That means there is a...
Mr Trump has strongly disapproved of Bitcoin. The markets couldn't care less. People are holding on to their Bitcoin in a zone of consolidation on the daily time frame.
The consolidation pattern is safe down to around 9500. Bitcoin reached 10 times the recent high price of gold at one stage.
I look at possibilities positive and negative for the future.
Burford has broken out from its post-Woodford drop. Clean air up to the resistance and fib area, around 1050-1100p. I'd expect a few early opportunists to sell out here though, and have it retest the breakout area.
Bullish divergence on the Daily on the MACD and the RSI - green line
We can see how the price consolidates inside in what it seems to be an ascending triangle - blue line. Formations like this tend to break upwards.
Regardless the direction of the breakout , we currently trade in the low are of the consolidation and just bounced off the demand trend-line...
EURCAD - Short
Entering short because of the consolidation.
i have entered short now for reasons such as
>it doesn't seem to be able to make HH's
>Daily TF we are down trending
Will be entering again once there is a breakout candle to the downside.
Any questions feel free to ask
Two possible roots to 0.94
Either get a retest of previous structure
or we will just consolidate in and around a previous consolidation zone and then move higher.
either way i'll be looking to trade the break of the consolidation zone
eurnzd was in this consolidation period for a while now but there was some big moves on 4hr chart that I took notice of. Price rejected daily trendline and made a bear flag which worked and than price made another correctional move followed by a rising wedge which gives me 2 confirmations that markets are going go...
Symbol: Bitcoin vs usd, XBTUSD, BTCUSD
Bitcoin has just got support at 10350-10600 zone. The following days, it may consolidate to decide the direction.
There are some Trend Lines, Red Lines for Resistance, Green Lines For Support.
Short Signals: when it is rejected by Red Trend line with Yellow or Red Signal in "9 Seasons Rainbow Indicator".
Long Signals: ...
AUDCAD bounced on a monthly support giving us a nice divergency on the daily RSI. The pair is currently consolidating but I'm expecting a breakout upwards due the bullish push prior to the consolidation. Targeting the 61.8 Fib level.