Two key indications on the long-term SPX weekly chart to watch. First, there is a clear divergence between the price and the RSI... a bearish signal Also, the ADX, which measures internal trend momentum, has been falling as the price was rising. So, no momentum for the bullish move was building on the rise. This is a signal to stall out. Both of these...
This post is provided for informational purpose only. It is not a financial advice to buy/sell.
Bitcoin/USD Daily Bars, LOG Scale, 06/14/18, 5:30 p.m. EST, by Mike Mansfield Hi trader friends, quick post for a stock index move down that may happen from here or a bit higher. Even though we are into cryptos, I used to run a SP500 commodity program, then went all in on FX in 2003, so I like other markets besides cryptos. Here’s a post for futures & stock...
Previous Ideas This post is provided for informational purpose only. It is not a financial advice to buy/sell.
but don't forget, everything is possible :)
Hi traders, As you can see the market is having a small pause. Due to the too important sales that occured during the previous weeks, buyers seems to be scared to enter the market, which is completely rational. People also noticed the size of the crash and the nasty structure of the formed pattern, the average person sees the lack of possibility to make money...
I was blown away when i spent a few hours diligently inserting all the numbers from 2014 & 2018 into an excel spreadsheet last night. I did some modeling and comparisons today, projecting the same percentages from 2014 and seeing what kind of numbers I would get for 2018. Well, as I said! I was blown away by the math! I had no idea that 2014 was really that bad of...
Hi Traders, As i expected since very long weeks, Bitcoin is about to test its line of life, this line is the life of the Bubble rallye starting pattern since around last May. Bitcoin just broke below the very important local line formed since the low of february (blue line), this means we have extremely high probabilities of heading towards the line of life. I...
G'day Cobbers, XRP is set to drop like a stone, if it doesn't bounce at this previous low, hodlers could be in for a rough time. BTC is set to decline possibly to 6k and with xrp sitting on a cliff edge. Be careful. This descending triangle is going to hurt. G'day Thanks for dropping by, hopefully you garner something valuable from my post, be it...
Long-term I am extremely bullish on BTC. However there is no denying we are in a crash pattern. Until we get some bullish signals on the daily chart I would be very careful injecting any more fiat into the market. Also,the macro movements of BTC are difficult to predict, so the important thing to note in this chart are the price levels and their significance, not...