Falling flag following a rising pole showcasing a classic bullish pattern. Awaiting confirmation move above the falling flag channel for entry point. Preference would be to trade with the confirmation breakout move accompanied by large volume showing the market supports the breakout and a general bullish move.
Risks are that rsi is trending down and volume is not...
Further decrease of price into the falling channel and a breakdown price below the lower channel trend line will signify a bearish pattern. Best to await confirmation if the price goes into the falling channel.
Recent quarterly results have been very bad - missed target by 26%, declining revenue and no forward guidance provided either.
No potential of DMA...
Quarter my results due the next day may provide indication of next move. Price is showing support at the 50 DMA level. If it bounces up, and with volume higher than recent, good chance price is moving up, especially if Q3 results are positive.
If price falls below 50 DMA, then next support level would be upper trendline, where we will have to see if that provides...
The 50 (Green) DMA is approaching crossing under the 100 (Blue) DMA. If this goes ahead, this would trigger a strong signal that BTC will be heading lower.
With the RSI also close to the over bought level, this adds another signal/metric for an impending downward trajectory.
The price has also remarkably followed a supporting trendline for over a month. If a...
This is an idea about when to sell Tesla shares following on from the split and subsequent price fluctuation.
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Summary - TL/DR: For a trading position taken near the recent trough in price (around $329 on 08 September 2020), $427 is a balanced exit price, based on recent trend lines, that reasonably protects profits and avoids a potential bear trap driven by...
Does bitcoin look to be moving upwards on a longer term trajectory?
Looking from a daily view (1 day bars), the short term SMA moved above the longer term EMA near the beginning of April (08 Apr 20), and seems to have established itself there for the past approx. 4 weeks.
Additionally, drawing trends on the highs and lows from the lead up to the move of the SMA...