different timeframes show different stories. the main part of this post is to show most timeframes excluding the daily and 3 day the downtrend is not broken. line chart takes away noise of candles and wicks.
Bitcoin theory/prediction til end of 2020
Looking to make a measured move down to join support.
Good morning, traders. Volume precedes price. The frustration among traders is reaching an almost frenzied level. Retail traders, especially in crypto, are not patient and this is why they tend to lose a lot of their capital. They tend to have strong opinions that are weekly held, rather than weakly held. What I mean is that they tend to fip-flop between bullish...
Sometimes the linechart gives you a clearer perspective, because less noise. On the 1D-chart you can clearly see a gigantic descending triangle forming, with the tip in september. Usually price breaks out on the top in descending structures.
Lay low for just a bit longer but be ready to go LONG LONG LONG. We are looking at a 1 to 3 day correction starting today before the next rally. The weekly chart time frame is a 3 out of 9 bullish. We are at 3 now, 9 take profits. **WARNING** November 27th-ish will be the multi-week correction 9. BE READY TO SHORT The daily chart is in correction. but only...
consumer goods company- crossed 200DMA on above average volume and also hit a 75 day high
On EURUSD we are still looking at a line chart where price action from May highs shows five waves down so three waves up are in the cards. We are expecting an A-B-C bounce back to around 1.1450-1.1480 area from where strong bears may step-in later this week. www.ew-forecast.com @ewforecast