The extreme selling has stopped this Friday, which increases the odds that the selling climax has been reached and shorts are getting closed before the week ends. Thereby increasing the likelyhood that next week is more bullish again. There is also a quant analysis which favors the bullish side on the Nasdaq in the next trading days, which would help the "S&P 500"...
The chance for a move up to the target of 2828 decreased in the last days, but even a move higher to only 2690 would be a win now from 2651. Reason for going long is among other things the previous 3-days of declines in a row with a larger than -1% loss each day. Which increases the odds for a move in other direction. Entry: 2651 Stop loss: 2563 Target: 2828
Simple chart. Slowly approaching decision time on EUR/USD (1hr). Break through long or break down short. Will wait and see.
Not much to say with this... I'm neutral until price decides what it wants to do. I can see potential paths to either direction, bullish continuation after the "tea cup" pattern or bearish continuation after the recent trendline break. So, in this case I sit and wait for the winner and trade it appropriately based off the price action...easy peasy. If the bulls...
...by the recent, most ridiculous Bitcoin ponzi move. (Well, who actually is?) Very impressed by its stability here. Adds a whole lot of confidence to the overall hughly bullish market sentiment. Although, I am still looking to buy back in the low €8s, I am prepared to FOMO if neccessary... Happy Trading!
Bullish BATS and Gartleys end here. Which way do we go from here as price is squeezed?
The scheduled "Community Meeting" will decide depending on what the Q&A surfaces... I highly doubt it´ll be anything bullish. Meaning price decline will prolly continue as well as accelerate and ultimately lead to #doom. Well, let´s hope for ht e best and prepare for ethe worst...
ETH is approaching another point of decision. A breakup is going to take us to 2920-2980 area, a breakdown (which I do favor atm) will end up in a decline in ETHXBT ratio down to 2220-2280. Trade the breakout...
Just as the ETH, the BTC chart suggests an incoming decision point followed by a major breakout. In this case here it is between moon up to 547.00EUR or harsh decline at least down to 450.00EUR. Time will tell... Happy tarding!
BTCCNY is hovering over the cloud, RSI at 50 level prone to down, OBV making lower highs and higher lows. This is right in the middle of bulls and bears, compressing a lot, possible big move one direction or the other. Most probable for now is to keep hoovering over cloud untill new leg up.
at these stage spx is on a no go zone , on up side price action is sitting on big resistance around 2095 and a fib level a couple point above that and below it face as support and it quit a BIG one that have been defended for quit some time now but it will be very interesseting to see wich side it's going to actually go , on either side they are big target long...