BTCUSD is still fluctuating around the red dashed downtrend line. This sideward movement will probably continue until BTCUSD touches the blue curve again and reflects upwards. There is a quadruple support (blue circle) that will keep BTCUSD above the blue curve: 1. Support level S1 at 10029. 2. Support level 10128. 3. The blue curve. 4. The blue, thin, dotted...
BTC bubbles all tend to rhyme. This is my scenario of maximum pain. I'm not a 100% sure it will happen like this, but I'm mentally prepared for it.
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) You can check my indicators via my TradingView's Profile : @PRO_Indicators Kindly, Phil
We've been there a couple times. Not my first retrace, not my last, prob not my worst. We already hit the bottom. Only thing that could really fuck this IMO up is a fraudulent tether drama / Mgtox v2. Stay safe hang on the rollecoaster BTC is going to the moon in a near future.
I have been watching SYS for nearly a year, assessing its technicals and fundamentals. The iron is hot. Chart shows many chances for notable gains provided to traders through 2017. For long term investors, it has been, and continues to be a lucrative hold. Current technicals and fundamentals look positive. Technicals The red resistance line...
History repeats itself and so does GNO-BTC See where we have two yellow arcs of support formed followed by a blue channel that look VERY similar - twice? See the solid blue curves that illustrate this logarithmic ascension from support to resistance? I see this trend going UP , hitting our first target, then DIPPING and then following a similar pattern...
Sometimes it help to take a step back. I'm not sure the long-term rising wedge concept would hold water since lower highs and higher lows are only implied at disparate points as opposed to throughout the wedge, but it's hard not to notice the shape from a wide angle view. I'm also not sure you can use the ideas of the cup and handle or round bottom concept based...
It is just for fun but also I will check this time to time to see what will happen.
Dow Jones monthly chart. We have an ascending curve (shown in blue) going through major turning points of this index. As the curve gets steeper the acceleration of this index to the upside increases. The index is now retesting the curve for the second time after trading below it from 2009. Very sharp gains as of late may be capped at 21000 which is also a cloned...
After these curves movements we tend to see structural movements at the top. I expect a move down to the support level indicated by the horizontal line.
Potential entry at the break of curved resistance, keep an eye out in the coming days: Especially around the 0.764 fib level on the chart. Safe and successful trading
The symmetrical triangle that followed the upward curve has just broken, signalling a possible trend continuation pattern. Bullish gold?
HTF daily, low on curve ITF 4h, sideways trend, levels
HTF weekly, low on curve ITF daily, sideways trend STF 4h, levels