Using the 9 and 15 exponential moving averages with a relative strength index and a MACD. Currently Bitcoin seems to be forming a bear flag pattern on the daily chart and just waiting to see if it breaks below the pattern. There is major support areas in the 47k range and 44k range which were tested in early February 2021. The relative strength is giving a reading...
Does anyone have a roadmap like this??? Buy anytime we are near the PURPLE DOTTED LINE. In fact, if you believe in bitcoin, DCA (dollar cost average) on the way up and now! Anything below the purple value line is a spring/shakeout. By my estimates and how the parabolic ascents of support and resistance line up, bitcoin will eventually and soon approach...
If we track % of stocks above or below their 200 day moving averages on a WEEKLY time basis - there are some very clear bull market reversal signals as denoted. We are back to a very critical resistance area that once break up, we could see a very sizeable extended multi-year stock market pump. This would in turn seal the deal I believe for a second presidential...
With trade war escalations not fully priced in, perhaps we see a breakdown of very critical weekly 100 MA?
Clear trendline after very strong market push-and-rejection. This is like a slingshot! Wait for price to test support area to buy after confirmations. -- Best of luck! Felipe
After 10 days bearish the market signal a small healthy correction, although not for a total new bull market but good enough for a long entry position, taking profit at 50 or 618 FIB level.
Daily chart is displayed above As you can see in my chart analysis, the price of NZDCHF is approaching this Daily resistance zone and we should be expecting a sell soon. I would say continue to watch!
Market Forecast Strategy: USDCAD forming support at the end of the day, going long. Target at 1.3150
USD/CAD surged after the break of the inside bar candlestick pattern that we covered yesterday. The breakout of the inside bar candlestick pattern lead the price to break the 1.1015 resistance level. Note that the inside bar candlestick pattern was coupled with the Stochastic and Commodity Channel Index (CCI) showing the price is oversold which adds strength for...