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Anaylsis

Short Sell then Strong BuyOn the 4HR time frame we see the market testing the top resistance-zone twice right after a strong rally upwards in price. After the second test of the resistance-zone we see so many buys that no one else is selling so the sellers jump in and give it a strong rally downwards creating a fake out right before a huge pullback straight through the top resistance-zone. This tells me the buyers are strong and waiting for an opportunity to take this market higher. Next we see a short sell of about 30% hitting a support and then pulling back and re-testing the upper resistance. At the moment the market seems to be making another short sell and if the buyers are still waiting to jump back in (which they seem like they are) it's going to be at the middle resistance line (at a 30% discount) where they'll jump in and boost the market to higher highs. A perfect time to Buy, and a strong one at that. If the markets don't rally up as strong as anticipated then there are possible exits between 111.000 and 111.500.
by Eli_StayFocused
$DJI Dow Chart 20 years, still looking strongWe are flirting with but above the ichimoku cloud, indicating further upside, RSI went from above 80 and reset since February back to more manageable levels without to much of a correction, MACD has crossed over for a 2nd time (only negative indicator atm) If we see a fall into ichimoku cloud we need to be wary and prepare to exit stocks into cash A decision could be approaching around 27th of August RSI we want to see a double bounce on the 50 mark MACD we want to see a turn around, this double cross into the sell side is not good for a strong bull market, this has been forced by the trade issues atm. Overall market is still looking strong, we are seeing alot of FUD and increased worry with market news, however the DJI is holding strong even with extremely negative sentiment from news sources who are trying to get clicks and create panic as always. At the moment still holding my positions to await further indicator and decision, still believe in a capitalistic market, having TRUMP whos very pro capital and business is very good for the overall trend of the US stock market and indicators much futher upside.
TVC:DJI
by JamesCryptoGuru
1
Bitcoin Back to 10K?! (11% Potential Short Term Gain)Hello everyone, Here is a quick analysis on Bitcoins current state. I have drawn out what seems to be a forming bullish pennant. We have very strong resistance around the 9000 mark followed by an upthrust in volume over the last couple of days resulting in the bullish push. US Taxes were finished, media seems to be pumping certain crypto, as well as the Elites hedge funds teaming up and "joining" the market, retailers jumping in, more of the general public is aware of the technology, I'm bullish af for crypto overall. The overall daily volume on BTC has been around the 7 billion mark in the past couple days, which in my opinion is a strong indicator of the bulls coming back in. We could be on the way to 10k as shown. I have been long since 8100, stop loss set at 7750, targets set for 10k followed by a small pullback. I do not want to believe that this is a fake bull run just to stop out the bears, however I will be analyzing closely and updating as well. We would need institutional buyers to jump in after pulling back to the 9500 area to continue our momentum. BTC: Long 8100 Target 1: 10000 (23.4% Profit) Stop: 7750 I am not a financial advisor. I am not responsible for any loss/profit. However I am entitled to my own opinion, hit that like button if you agree with me! I am also open to new ideas and perceptions so if you have anything good to implement post it up!
BITFINEX:BTCUSDLong
by CaliG11
1
Golem (GNT) Undervalued? .....100%+ Long TermHello everyone, Golem is an amazing project and if you haven't had the time look into it, I highly suggest it. Long story short, the team is incredibly gifted and have been working for some years now. Becoming the largest global, open sourced, decentralized supercomputer that anyone can access, the project consists of the combined power of user's machines, from personal laptops to entire datacenters. "GNT: The AirBnb for computers." I am incredibly bullish with this coin, total supply is 1 billion, and circulating supply is roughly 834 million. The Brass Beta just went live on the main net. In my opinion a large volume of new investors and spectators will be joining this project for the long term. On the overview, I have a couple of short term, (Targets 1 & 2) in highlight as well as my long term (Targets 3 & 4). This is keep in mind with Bitcoins state of being. Stop Loss set at .35, relatively low compared to strong support at (.41). I have also been LONG since (.19). I also see another wave coming in therefore I added more at (.19) I am not a financial advisor. I am not responsible for any loss/profit. However I am entitled to my own opinion, hit that like button if you agree with me! I am also open to new ideas and perceptions so if you have anything good to implement post it up!
GLong
by CaliG11
7
BTC Descending Wedge, more downside with potentially huge upsideWe saw a falling wedge in btc last month and another one that is larger now. The previous one played out perfect and we tested for a higher high but failed. We are now intersecting two supports that are diagonal lines which is the support within the middle of the big diagonal channel and the bottom support line we bounced off of in February. We will also bounce off a major fib level. Target after 7,1 is 8,971, if we break bear trend then the new target is moon.
by intial0
Future predictionNo matter if some people want to accept it or not, the Bitcoin chart follows that of nasdaq. As you can easily see in the MACD and RSI he has followed him for a long time, so why should it not happen for the rest of the time? So you have to be careful. If we break the 'trendline' up, it's a bull trap. So we will experience another dip, which will not be the last wave. Just as in the 4th wave at nasdaq, it will be a triangle formation that leads to the 5th wave. This will be the end of the bear market. It may also be that we get the 5th wave without breaking the trend line, which is unlikely. But one thing is certain, the ABC correction is not over yet and it WILL go down one more time. When the time comes I will show you entry points. I keep you up to date.
BITSTAMP:BTCUSDShort
by E557
60