Rockers99

Rockers99

Some wonderful shapes and patterns on my Bitcoin chart, a true work of art but no use for analysing the price movement. Far to much going on. I found this great article today that will most likely ring true with many new traders and probably many experienced traders have been through it at some point. OVERTRADING!!!!! Just follow the link below for some great...

Rockers99

Normally I am on the bearish side with BTC but it's looking like a bounce off 23.6% Fibonacci retracement. Converging trend lines suggest resistance at around 11500 at 50% Fibonacci retracement. Any price ajustment above 11500-12000 is unlikely until the middle of the year if the upper converging trend line is broken.

Rockers99

Bullish double bottom indicating a short term rally.

Rockers99

USDMXN in consolidation phase from a past bullish market back in 2016. Continuing lower highs and higher lows imply that the bullish market will continue after the strong Elliot wave formation over the last 4 months. Stage 5 of the wave is complete, just need to see where the A, B, C points will anchor for the short term.

Rockers99

Combination of technical analysis and fundamental analysis helps to understand the peaks and troughs within price trends. The example of the UK election is very obvious but clearly show the strong effect of fundamentals. Another good example is Texas oil price hike back to $60+ in light of the recent announcement that OPEC will be restricting oil production going...

Rockers99

Bullish channel will continue?.

Rockers99

Possible bearish channel to continue down to 6000-6500 if retracement level is breached.

Rockers99

Diverging trends on the MFI indicate a change in trend direction. Looking for a bounce off the 61.8% fib retracement at 0.98

Rockers99

The uptrend from last week appears to be consolidating. The price is inside 50% Fibonacci retracement level and has also hit resistance level on the top of a secondary upward trend and on a primary downtrend. Looking downward below 65.000 in the short term for a return to a bullish upturn.