We have a big list of clues that the bitcoin push is over at least for a little while and should start into a corrective wave from now. - Fail of push over 9000, many longs got squeezed, they are starting to get fear, many wanted 10k but wasn't possible. - Fibonacci Circle is over, often when a circle ends, a trend change can occur, market from bull can change to...
Bitcoin respect pretty well the Fibonacci Arcs, also we can count a Elliott wave 5 waves with an extended wave 5, with divergence in the RSI, is a nice risk reward 8000-8400 short with 8600 STOP.
Bitcoin 30 mins ago has shown sign of weaks, breaking the support, and showing a continuation of the before downtrend, we are right now BEARISH back again. check the new support level , wait until we reach there before buying back. purchasing is not safe until we test that new low, or go above the 2950 level. its a choppy zone.
I trade charts not fundamentals, this thing had ugly earnings and a Trump rumor of approval of cholesterol-lowering treatment drug make this run 300% in past 2 months. 30.5s is the big resistance, RSI peaking 80 3 times, this thing will correct soon. short 30.5, stop 31.5, don't marry it, it was breaking higher 2 times already, this thing was holding 9 EMA really...
PANW -24.15% had ugly earnings, it flushed from 150 to 115. we have 2 resistance points, one at 114.5 and another on 112.39. so an avg on 113. stop on 109.90 and target on 123-130, or if you wait a few days maybe a bit more. the famous Dead Cat Bounce for tomorrow, don't marry it because of earnings it may continues downtrending. its just just 2 to 1 r/r ratio...
well, this short is not that easy than prior peak, prior run was over 90 RSI, near high of historic price, perfect setup and perfect resistance reading. i shorted it and then long at 780s and sold at 900 and then 1000. this setup is a bit harder, because it breakout the historic price, and the historic high is now the resistance. 1150s line i am meaning.also RSI...
I like gold long in the long term. but its been running from December now. it rejected at 200 MA, also 1250 is a strong resistance. RSI topped triple times at 70. i think its a good quick short with 200 MA stop loss and target on 100 ma or 1200s, before going long again. good 4 to 1 risk reward at this point. i dont have a forex account so i trade bullish or...