Bitcoin Intraday - We look to Sell a break of 19788 (stop at 20501) With signals for sentiment at oversold extremes, the dip could not be extended. We have a 78.6% Fibonacci pullback level of 17800 from 3850 to 69000. Trading close to the psychological 20000 level. 20080 has been pivotal. A break of the recent low at 19900 should result in a further move...
Random realization: If you take the region above the 52W MA during 2018-2000 (white line), take those candle patterns, and mash them together, you get a pattern which matches the current candles to a disturbing degree. The only difference being, of course, there wasn't a massive dump between the two pasted patterns. We dropped down multiple times in 2018 to test...
I've been shorting this pair from 118.5 and am in a huge loss. Looking back at 2015-2016 this pair has experienced huge gains that were bigger than the ones we see now. There is a high chance that this pair will go up still. Wish I had better expectations! I might have a margin call :/ This pair has broken all the channels and resistance areas
According to Glassnode, there's roughly 4.7M BTC held at unrealized losses. People are so over leveraged it's not funny. I'd say bulls have a seriously hard road ahead, at least in the short term and that chart does NOT look good. Stick a fork in it my dudes. * * * Not investment advice * * *
Price decline's purpose is to rid the market of margin longs.
I know TA isn't always the best for AMC in the short term, but it helps to have an idea of what is coming in the next days/weeks/months. First, the chart respects Elliot wave with either 2 scenarios. A, we see a strong movement in the next few days since debt ceiling was supported till at least november/december, China Evergrande will not cause problems as we...
As much as big banks want to sweep Archegos under the rug I don't think it's going to go away.
We all make mistakes, and we can either think it's unfair or we just grow up a better person... In this case apply it to investing.. Wouldn't you like to learn something ? I'm pretty rude in this one on purpose. But anyway my point here is that you need to understand that in a bubble... the last one standings are the one to pay the hard price or reality. Just...
USDCAD holds above 1.4100 today which is an important level in the short term. The 4-hour chart is showing us that it is in a bullish triangle formation. The levels we must watch in mind are the following: 1.37865, 1.39588, 1.40548 - 1.42469, 1.43796, 1.45152 Note: If we lose the 1.39588 level, it is highly likely the next major support is around 1.37865. What...