PaulNorris

PaulNorris

Wait for the breakout and see which direction BTC will choose.

PaulNorris

Notice the price target and set stop loss

PaulNorris

We can see a symmetrical triangle formed on BTC’s 1h chart. The price target is about $18900 for long and 16290 for short. I may treat previous higher low and lower high as a support and resistance, be careful when breakout happens and come close to about $17960 for going long and $17413 for going short. The volume is in a downtrend, further confirmed that a...

PaulNorris

1.It is reported that Tesla will join SPX500 before the market open on December 21. When the news come out, Tesla’s price pumped for about 12% before the markets open. 2.It means that Tesla breaks the resistance line of symmetrical triangle. The previous resistance technically will turn into support. I personally will pay attention to previous resistance, which...

PaulNorris

Didn’t break the neckline of head and shoulders pattern. Keep watching the yellow rising wedge.

PaulNorris

On Brent oil’s 1h chart we can see that Brent oil’s price tested 43.24 many times and now formed a “w” pattern. If it breakout the resistance, the price target will be at 43.71, which is also a previous resistance.

PaulNorris

1.On 1h chart we can see that 42.6 is a key resistance from September to November and support from July to August. 2.Right now Brent crude oil’s price is around 43.24. I will pay attention to 43.24 to 43.72. If Brent oil break the resistance zone, I will expect Brent oil’s price go higher.

PaulNorris

1.On BTC 1h chart we can see that a head and shoulders formed(Yellow lines), the price target is about at $15000. 2. Before the price target, $15350-$15500 may be a support zone. Bitcoin price got rejected or bounced from it many times since November.

PaulNorris

On bitcoin’s 1h chart we can see that there’s a big inverse head and shoulders pattern(Blue lines) . If we disregard the “w”breakout(white lines), we can get another small inverse head and shoulders pattern(Yellow lines). I’m personally waiting for a breakout of the neckline. The target price is all $16000+. Fake outs may happen, When doing breakout trades,...

PaulNorris

Bullish divergence(Yellow lines) have formed on gold’s 1D and 4h chart. It means that the down trend may be over and the sell pressure isn’t that strong. The price may go side ways or go towards upside. What’s more, there’s a white support line support gold’s price since July. When gold’s price broke it it turned in to resistance for a while. But gold came back...

PaulNorris

11 November is the Singles' day of China. It’s a festival held by TaoBao ( The biggest online shopping platform in China, formed by AliBaba) since 2009. At that time, most of the online stores in TaoBao will give out great discount to customers. Customers usually can buy goods at the lowest price of the year on 11 November. Almost every Chinese are waiting for it...

PaulNorris

On Tesla’s 1D chart, we can see that a symmetrical triangle have formed on it. It may indicates that Tesla’s price will bounce between the resistance and support. The top of the pattern is at the beginning of December. It means technically it will break out the pattern before December. Also, the Bollinger bands is squeezing, which also indicates that maybe a...

PaulNorris

1.If we disregard the wicks, and pull out FIB retracement tool, we can see that HK50 is testing the 0,382 level. We can see that this level acted as support in the middle term and right now it has turned into resistance. 2.A blue wedge has formed on the daily chart, I disregarded the breakout because the resistance have been tested so many times since March. If...

PaulNorris

Bitcoin rallied high and reached above 15300 level. As Bitcoin goes higher, bigger volatility is sure because Bitcoin only stayed above 14000 for about 6 weeks through all the Bitcoin history. I personally will pay attention to the two similar rallies happened on Bitcoin recently. Bitcoin went from about 11500 to 13200 within three days, and then retraced back to...

PaulNorris

On the silver 4h chart, we can see that there’s two head and shoulders pattern, and when silver broke the first neckline, it dumped for more Thant 16%, which is more than the technical price target. Right now we can see another head and shoulders pattern formed, if silver broke the neckline, the target price will be $21. What’s more, silver may have bee in a...

PaulNorris

Most of the Altcoins didn’t perform well when Bitcoin is continue testing previous high. Take a look at the ETH/BTC chart, a head and shoulder pattern was formed, but took some time to break the neckline, which the candles had tested it for 4 times and broke below it right now. We may can measure the target of the head and shoulder, it gives us a target of 1...

PaulNorris

On the Bitcoin 1h chart we an see a bull flag has formed. Short term Bitcoin will be in a downtrend and bounce between resistance and support. The price target will be approximately at $14142. Also when entering a pattern, the volume is in a down trend. It’s quite normal for Bitcoin when entering a pattern. Only do breakout trades with volume confirmed will...

PaulNorris

Hash Ribbon buy signal is a powerful buy signal in Bitcoin history. We can take a look at the Bitcoin daily chart, if you buy bitcoin when the hash ribbon buy signal occurs and hold until the top, the gains are fantastic. Whenever hash ribbon shows red, the price tend to consolidate for a while, and when the buy signal flashes, it usually means that price will at...