🔎 Fundamental analysis (📈 Bullish) The Ethereum team completed the Cancun-Deneb ("Dencun") upgrade after switching to proof-of-stake (PoS) 18 months ago. Shortly, this upgrade changed how data is stored on Ethereum, making it significantly more accessible and also cheaper to record layer 2 transactions. 👨🏻💻 Technical analysis (📈 Bullish) On a daily timeframe,...
BTC/USDT has been in a bearish trend. The price action has bounced off an important Support Zone that seems to have caused a bullish reversal. The Bullish Bias is based on the following signals: Price has stopped making LHs and LLs Double bottom at support with neckline breakout GMMA: Slow and Fast MA crossover Falling Resistance breakout with bullish...
CAD/JPY is in a bullish trend, making HHs and HLs and forming a Rising Wedge . The price action is currently making a pullback into the rising support which has a confluence of slow MA dynamic support. The Bullish Bias is based on the following signals: Bullish trend (price making HHs and HLs) GMMA: fast MA above slow MA with separation Slow MA acting...
BTC/USDT is in a bearish trend forming a Bear Flag . The price action has bounced off an important Support Zone and formed a Bear Flag which seems to have been broken. The Bearish Bias is based on the following signals: Bearish trend (price making LHs and LLs) GMMA: Slow MAs above fast MAs Slow MAs acting as dynamic resistance Bear Flag breakout...
On the 1 day chart for OGI my supper guppy indicator has turned green/blue, indicating an uptrend, for the first time since June of 2019. On the 1 week chart you can see that the fast EMA's on my super guppy indicator have turned from orange to grey...When the fast EMA's turn grey during a downtrend it typically indicates that price action could have incoming...
On the 1 day chart for Angold Resources you can see that my super guppy indicator has turned from Red/Orange to grey which indicates incoming volatility and a bounce in price. You can see that the fast EMA's are starting to converge and crossover with the slow EMA's which indicates a bullish reversal may be occurring. When looking at the 1 week chart we can also...
JINDAL STEEL is in very good uptrend from april. Like every good movie has an end, this uptrend is coming to an end, or taking some breath after long run up. Here is my views, VOLATILITY STOP INDICATOR GAVE THE FIRST SIGN OF WEAKNESS. If it brake the uptrend line then, it will start new journey to south. let see how it develops.
SPY shows a good price weakness which should be bought into. Investor ma's are strong, widely spaced & up-trending & with no contraction Distance between the trader & investor ma groups hasnt decreased due to the recent sell off Shorter timeframe guppy's have started to recover
With the Litecoin block rewards halving in August I expect a nice rally until then before seeing exhaustion. Thinking we will pull back towards $90 before continuing to about $175-185
Prior to the 4k breakout I expected to range within 3k-6k if the market was truly at a bottom. Clearly we are beyond that, taking a look at the unusual strength of this rally a few conclusions can be formed. One, the bottom is in. If you have followed me for any amount of time you know I don't make premature decisions. When your entire career, income, and...
Short call on the CHFJPY. The trend continues to the downside. We just wait for the markets to show us where she’s going and we move accordingly. Gmma god.
The 1h chart produced a full GMMA rollover, additionally a neat Down channel born. A messy HS could be the outcome over the next days, ill keep you updated about the HS. Stay safe, trade safe. Cheers DB
Hello Traders, as allready mentioned im my previous USDCAD Trading Idea, Bear claimed the 1h GMMA Chart. As of writting this, Bear is about to turn the 4h GMMA Chart Bearish - MOAR DOWN ;-) The first down channel break downwards and accelerated into a Stage 2 downchannel. SR's outlined with Blacklines. Have a closer look on the outlined Box, will see how the...
I may be the only trader trading the GMMA without wicks. I find it allows me to CLEARLY see what trend the markets are in and forces me to be patient in my execution.
This overview is purely a market trend analysis. This not an analysis saying we are only going up from here. Also, this analysis is done on Bitstamp, checking the other markets as I wrote this, the points I show are visible on the other major exchanges. We are seeing a few very important bullish signs for the first time throughout this correction. However, this...
AUDCAD could potentially break resistance and climb back up to .97500 area, or continue down to .95550 area. The HMARB is all green, so we could be prepared to see a break in the bearish trend. I will update as this trade plays out.