Bitcoin, on a weekly basis, looking weak, but still has room to fall. MACD, Premier Stochastic Oscillator, Vervoort Smoothed Oscillator, KDJ, and Ehlers Smoothed Stochastic & RSI with Roofing Filters all are bearish.
I am especially watch KDJ as its strong movement down makes it look like Bitcoin price could make another run at $340 or below.
None of these...
A long-term Bitcoin chart (weekly time-frame) shows most indicators signal a large downtrend. But the price might still bounce at $450. Otherwise the price might fall much lower. Current price is below $500.
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MACD (Moving Average Convergence/Divergence) shows the begin of a downtrend
ROC (Rate of Change) shows currently a downtrend
Stochastic Oscillator...
After 12 consecutive down days, for the first time the price was not able to break yesterday's lowest price. I will wait a little to see where price will head tomorrow and next week. This is possible in every case, but if we add MACD divergence to this signal, it seems that likely we will see short term price rally above EMA channel. But definitely it is a down...
After producing a stellar quarter back in May, $TSL has erased nearly all of its gains (40%). After bouncing between 11-13 in the summer months it seems that stock has found a very solid base in the low 11s. After almost dropping to $10 we have seen price action test the ascending downside trend line multiple times and it has held strong.
The MACD also has made a...
With the Stochastic approaching the oversold levels, and the price reaching an overlap with the 200 day moving average, I am bullish on LPI. There is a short-term downward channel within a long-term upward channel, and this touching of the 200 day MA brings about a bullish upward trend. I believe that the price will approach the 27's and then will make a strong...
The 1D MACD cross over is a major signal for me that the market is now turning down. It's very important to note the crossover occurs with downward momentum building on the histogram. RSI is also showing continuous lower peaks confirming this potential new trend.
Bitcoin price has formed a descending triangle pattern. As of today price has touched the descending portion of the triangle 3 times and the horizontal portion twice.
Based on the length of the triangle, it could take until about the end of the month for price to exit the upper or lower boundary. Price should continue in the same direction it exits from the...
After suffering a $4 pps drop over the last two trading days, $AAPL printed a bullish candle stick on the close. Sellers pushed the price down to nearly $92.50 but buyers were able to pull it back up signaling a reverse in the trend.
We are also testing an intraday support line from 7/2 right at yesterdays close. With the MACD flattening out, looking to make a...
It looks like $YELP is entering a channel of rapid decline again just as it did earlier this year. After getting a boost from the $OPEN buyout, investors are starting to put less emphasis on hopes of a buyout. Janet Yellen's comments earlier this week on the extended valuations of smaller cap tech stocks is definitely not helping $YELP's cause either. For a...
To put things in perspective, the Daily chart is showing a descending triangle formation.
If volume comes into play as expected, prices should rally towards the trendline around 131.00.
That would essentially put the bearish Shark pattern in play.
Back in Mid-March, Gold sold off heavily around 133.00/133.50, leaving me all the more confident a retest will, at...
Coordinates are accounted for and displayed on chart.
I've been correct on predicting we'd turn at point B and C but it wasn't worth noting as I didn't see those as opportunities to trade. I also use Tick Volume on Metatrader to help further my cases and will watch for an increase as we approach the PRZ.
I believe the S&P will continue to trudge higher until we begin to see great sell pressure at highs leading to the long awaited correction. This Gartley, along with RSI/MACD divergence and high VOL at the lows, presented a nice opportunity to buy relatively low in hopes of another push towards the highs.
I predict the price will fall within the next few days down to the yellow target area (620-610) After a lot of buy pressure and a run from 560 to 660, this market looks like it is temporarily out of steam. Double top on the 660 which is a previous place resistance. MACD is still falling. RSI and Willy 21/13 MA is also falling. Additional with the 3-day weekend...
This month looks like it COULD possibly form a Bullish Pennant along the downward trend line that is most notably found on BTCE.
I've been making my attempts at day trading but have failed a few trades, so I've decided to take a step back to my long term strategies and continue there where my skill set is better suited.
If you're new to trading feel free to do...
If you've been following my weekly charts, you'll see that my predictions of the recent uptrend from the $440 area were justified. Now we see that the confirmations I've been pointing to are also coming to pass!
This is a major uptrend. We might see some profit taking over the odd day, but sticking to a long term view - you may be wise to hold and not take a risk...
I used the arrows to highlight the areas in which we have seen the crossover between the MA-50 and EMA-15, coupled with high volume, rising RVI, and overbought RSI.
I don't believe anyone should actively attempt to short here if holding bitcoin is your objective, however I do believe we will see a final buying opportunity very soon here before the ultimate run...
First this pattern appears quite difficult to read. But once you put the targets into perspective, one witnesses that the primary wave 3 (iii) is an exact 1.618 Fibonacci extension of wave 1 (i). By this token if the count ratio of 1:1.618:1 is to hold, then the next primary wave high is going to be ~ 1.64 level, which is a hefty ~1100 pips gain.
I would...
