With all the added pressure on the currency market due to corona virus, Bitcoin is set to sail.
I predict that most economies are going to tank a lot further yet also.
It is not wise to buy yet, wait for all the "dumb money" to buy, get wiped out by market makers, then buy.
See how easy it is to see stop losses, do you not think that big institutions can't see...
Here is a long term growth curve of Bitcoin. The coloured curves inside the white lines are set to Fibonacci values. The purpose of this chart is to help long term Bitcoin investors clearly identify different phases of the market cycle.
Euphoria - when price approaches the top white line.
Capitulation - when price returns to the bottom white...
Today I have a quite unusual stock. Instead of watching Italian football, why not watching some Italian stocks.
First of all we can see a bearish trend to the resistence line (1.1185). However, at this point it could reverse.
Points to consider:
- There is not high volume fluctuations (price will not increase/decrease drastically)
- Price quite below EMA 8 so the...
the price above 7667 is ok
in terms of rally continuation.
If we fall below this value,
keep your heads up -
means the bulls lost.
But for now the defenses are
giving a helluva fight
and the bulls are getting only stronger
as the price goes down)))
Time is to hodl, gentlemen!
Just a good idea( with the help of Sampdm8 , respect! ).
Will track it for a while for fun.
This is a Descending bullish Triangle.
In bullish markets,
while being formed as a correction(always)
relative to the global bullish trend,
signals about the PARENT trend continuation,
i.e. the previous movement continues...
not vice versa!
so getting to key area of price approaching a double top area and have been consolidating in this zone for a while now so my bias with this trade that we break below this trend and have a bearish correction moving out of the trend we wait for conformation on any trade we take
The DJI, S&P500, Australia200 and the DAX all went wild today.
No predictions in here. This is just the big picture of the daily time frame.
I have to say that I am totally surprised by the DJI pump north. This markets is highly overvalued something like 17-19 times that of fair value for stocks comprising it. I won't go on much longer about that, we've seen...
Notice the 5 touches of previous resistance marked by the blue arrows. This "strong level" entices people to sell and place their stops just above the level. See how price begins to fall from this level marked at the red arrow? This also draws more sellers into the market; people don't want to miss out; then BOOM! Price breaks the level and wipes out everyone who...
As we can see here, there is an enticing level of so called resistance on the daily and the 4 hourly chart. Price has moved away from this area and novice traders have gone short. It is very easy to predict where stop losses will be. Notice the decreasing volume as price shorts away from the "resistance". If the collective amount of people doing the same thing...
Here is the follow up to the previous post and the prediction I made. NZD news helped reach the target faster. Amazing R:R of 6:1 as the stop hunt was very shallow, but that's basically how it is done. All the people who went long earlier and got stopped out must be feeling pretty sad now. I'm happy with this trade.
answering questions about GBPCAD
I currently don't have any active positions on this pair,
I am very bearish on GBPCAD at the moment.
first of all, the pair has recently formed a beautiful double top with rsi divergence.
In addition to that, the pair is trading on a strong level of horizontal resistance in...
SELL XAU USD I SEE A 1500-1490 Drop
will re trouch rsisatant and either break or boune off it
THE 2 GREEN DOTS SHOW THE POTIENTAL RIE TO GET IN FOR SELL , GREEN CIRCLE ON IS OW OS TP
Any Questions Just ask