Welcome back to another short-term analysis of Bitcoin! It appears that my area of consolidation marked by the orange rectangle has had Bitcoin hovering around it while we wait to see what happens. A bear flag has formed that looks to have a downside target of my yellow resistance/support line (~$6100). It will be interesting to see how this plays out in the short...
strong elongation in the wave 3, called the truncation in wave 5, which led to the triangle with the outlet down. The release happened on impulse. An upward channel has been broken through. It is too early to talk about a change in trend, but ABC correction will be. Support levels, although they are quite rough. Need to look for the situation
Just a bear version of an earlier chart that I posted.
Hi followers, EURUSD is building out wave 2 of the big wave 5. Look out for longsignal after touch the channelbottom. Your Longorder Price you find on the Chart i sign in. Have a nice trade.
Probabilities are significant that we will visit the other side of the range.
Bought at the blue line - stop at the red - target in green. Best of luck
I had a nightmare with this. Thought I would be extra clever and set an order in each direction with with my Spreadbetting account and with a trailing stop loss on both As you can see the sell side "should" have executed perfectly... due to slippage the price moved so quickly it skipped right past my order :') safe to say we learnt something today
Gold has had a bad day and is now testing bull patience to the very limits. It has to regain 1240 quickly now. If it can't manage it and hold up there the technical picture will deteriorate rapidly, and once below 1234 trigger further liduidation of long positions back to 1201, where it becomes a short buy again. Contrarians will be thinking about buying here with...
Early signs of momentum failure, but nothing major. Micro trendlines still in place.
Breakout is a close above the current level
First & foremost I want to wish you all a happy new year! If you had a successful 2016 I wish you the same & if you didn't then I hope that you did what was needed to change that in 2017. As I wipe the rust off of my eyes & remember had to look at these price chart thingys a pair that is on my radar is the USDJPY as price is making it's way to a decision point....
Simple fact. It´s about time Bitcoin meets its creat000r... Happy Trading! (neutral, since not trading it myself)
There must be a comprehensive text, but I'm too lazy to write it.
This is what it looks like when a whole bunch of countries have monetary polices centralized by one countries needs. Beg thy neighbor will be the theme of 2017 in Europe. Wait until Germany is forced to bail out Portugal, Spain and Greece DB goes to zero.
Very apparent resistance level + the failed breakout: short SL:110.30 TP: 104.47 A great trade.
Backtested underside of rising wedge today. Sneaky Bearish. Look out below.