I don't necessarily expect this falling wedges to play out because of the ultra weak bull reactions thus far. But keeping it in the back of my mind. The bear push has been slowing up a little bit relatively. In an area that does NOT have a lot of historical support (3600 to 2800). You'd almost think we would have filled the gap down to 2800 faster. Wouldn't take...
Bull Case: -Bullish chart signal - High volume buy blasting back above very strong resistance -CZ, the CEO of Binance is a beast, and is some one you want for the long haul if you are betting on crypto -Binance expects $500M - $1B in revenue in 2018. Binance allocates 20% of its profits to buying back/burning BNB to increase value -Binance's most recent coinburn...
See red descending triangle followed by a relatively weak breakout, retest, and formation of a smaller descending triangle. This led to a nice long once it broke out of second red and settled on support. See blue massive descending triangle followed by a relatively weak breakout, retest, and formation of a smaller descending triangle. Look for a break to the...
Long only if it follows the top path and settles on new support. Do not buy on first re-test of support, would have to wait after strong rejection of support to the upside, or possibly second re-test if it looks stable. Longing in bear market is dangerous Short a strong rejection of 3386 - EZ play
If we filled in all the gaps... But we don't have to!
Top red arrow could be an inverted long (on real chart, a short) Bottom green arrow could be an inverted short (on a real chart, a long)
And I still shouldn't long, because it is in a down trend....
I'm long here because of fundamentals but we are not in any sort of confirmed uptrend at all. RSI will show the story- needs to get over 50
High R/R long opportunity with tight stop loss
FB Expected.. Thankfully I sold most last year.. but ugh I'm holding through this
Buying at 3 and 2.65 with tight stop losses
Look for rejection from this diagonal to invalidate the inverse H&S Look for hourly close above this diagonal for a bullish signal Hash war makes me expect rejection