Gold printed same top as bitcoin, but there is some potential here for a breakout to the upside. The move down seems controlled, which can be seen by strong pushback real quick just 3 days in the new month, which can be seen in the monthly chart. I got a small bearish bias, as this can be a giant distribution trading range. On the other hand, I like gold, but I...
Here we see XAUUSD breaking above 1549.20 area. I believe we will see a pull back down anywhere from the .79 to .62 Fib levels. At these levels I have highlights the three areas with boxes, these are areas in which I think it will be a good idea to make optimal trade entry's for a long position. Further more, if this does happen. Plan on scaling off profits at...
Looking Support-Resistance and Trendline
Waiting for manipulators to break the ath. From there on out, I'm looking to see if it's a fakeout to get one more corrective move before resumption of the bull for another 1 year and 3 quarters. Confirmation on a monthly close above previous ath. US market should have gone down a lot more given all the statistics, but it seems it got a huge injection in buybacks,...
I am currently in a position to grow thy BTC digits. I chose ARK because the signal finder had all indications of potential "breakout" or at least a decent up trend. Thanks to BTC Trading Challenge for the tips. ARK is a coin that does something and blockchain, blah, blah, blah.... Stuff. I am NOT fundamental on this (OMG is a different story). ARK is just a...
This chart is a republished chart of my previous btc analysis that was about shorting it. Due to the chaos, I decided not to predict the price, but just show the key resistance and support points so that you can decide for yourself. Let me know in the comments what you think and if you want me to analyse a certain coin. Happy trading!
The 50 EMA acts like support, plus the support trend lines. The 20 EMA needs to stay above the 50 EMA for VTC to stay bullish. There is a bullish divergence, which signals VTC will go up. I think it will hit the support line one more time before going to test resistance again. However, one indicator doesn't make the market, so the other options are: falling...
Anyone observing NEO over the last week or two is aware that it is being artificially held in place at it's current level. But WHY? A few minutes of watching the Bid ledger makes a few things obvious - 1. The bid of $813.600 is simply there as a bookend to help drive the bid up. It will move up and down with the current bid and will always reposition itself...
Analysis for XAUUSD illustrates the zones of resistance needed to overcome; to eye 1296 per troylee ounce. As of 1.30am today 8/18 i am under the suspicion this bullish momentum may exhaust right here. A break and close above 1289 would be a better look. but that may not happen. And if not. We may shed slowly to 1260 before another run at it. I am still...
Observation: Once again the price went to test the upper limit of the Down Trend Channel, and there where no more buying interest in this area so the price falls again and made a new Lower Low .... Look the importance to look for trades around the extremes
Upon observing DXY i was able to notice, a descending wedge formation. Within the wedge formation are smaller resistance and support zones. As illustrated above, aggressive buyers are present at 99.-- range. There is a lot of High impact USD news to come out Friday. 4/14/2017 Forecast predicting bad responses to Consumer Price Index. I am suspecting 100.78...
DXY Observation being done to help verify my XAUUSD Short Opportunity. DXY being the adjacent pair to gold. Makes for observing opportunities. If DXY continues to show bullish activity and breaks the price the resistance structure of 100.65-.70. It will verify my short position in XAUUSD I am not opening a trade on this Index.
Learning means observing. More then not in trading. By observing a "living" object, we can understand instantly what's going on and how it moves. Let's learn and take advantage of this knowledge in the future. P!
Price direction on a 1D chart is down, as new lower low and lower high appeared (Price direction is not the same as a trend direction) Yesterday's close is below 5MA what gives a bit more power to bearish signals Currently none of the major chart patterns appears (1D Chart) Price is currently at 76.4% Fibonacci retracement area in a relation to Previous...
Price direction on a 1D chart is down, as new lower low and lower high appeared (Price direction is not the same as a trend direction) Yesterday's close is below 5MA what gives a bit more power to bearish signals We have a bullish chart pattern (1D Chart) Price is currently at 61.8% Fibonacci retracement area in a relation to Previous swing UP Will look...
Indeterminate direction of price as no clear signs has been given by the last day closure. Yesterday's close is below 5MA what gives a bit more power to bearish signals Currently none of the major chart patterns appears (1D Chart) Price is currently at 50% Fibonacci retracement area in a relation to Previous swing UP Will look for a bullish mid-term...
Indeterminate direction of price as no clear signs has been given by the last day closure. Yesterday's close is above 5MA what gives a bit more power to bullish signals We have a bullish chart pattern (1D Chart) Divergence on a daily chart with a current oscillator confirms the reversal pattern, what gives support to momentum traders, and can possibly give a...