ETH Decision time - Reverse crash cycle or continuation?Eth chart inverse has some similarities with the Peak of early 2018 and subsequent crash.
However as @kazonomics points out, looking the same is not enough: human emotions are what drives the charts.
Are ETH holders as salty now as they were euphoric in January 2017?
Inverse
SPXU long trend for short term bounce play Here is a comparison chart of the S&P large cap inverse shares.
Looking very similar to Dow with even longer standing uptrend that is currently testing a bounce.
Check out RSI levels compared to last time at this level and what price action followed.
Again I will be hedging this short term *week or less while picking up shares in the index at a fair price.
Will update! thanks for the support greatly and good luck trading
30m Bars for up close action sirs and maams . best.
Here is the SDOW chart for reference >
Dow Bears 1D done hibernating?Here is a Daily for SDOW (inverse dow shares)
Basic chart with long term support and Trend based fib extension meeting on or near current price levels with falling sell volume.
I also see the Nasdaq being at or near a falling wedge pattern trend line.. will update.
Good luck and safe trading .
Possible Inverse Head and Shoulders?I've never traded Roku, but saw the chart earlier and noticed a possible inverse head and shoulders formation with resistance around the $44.50 mark psychological and depending on where you draw the lines. I'm going to be watching this one closely over the next few days for confirmation... as all you traders know none of this is financial advice.
Let me know what you think, this is my first post so as always trade with your own plan and use as many different indicators or data points as possible.
This is an extremely interesting week with earnings week coming up for most of the big name stocks, along with a possible double top forming if the market does keep with the bearish trend, so as always be on the look out, set your stops where you feel comfortable, protect your capital, and the charts are always helpful but we are trading probabilities and not certainties.
ZRX/BTC Analysis 0x:
1) Falling Wedge.
2) Possible Inverse Head & Shoulders,
with right shoulder forming.
3) The cloud remains bearish on the
daily but has flipped on the 4 hour,
creating some bullish sentiment.
4) MACD looks sideways on the daily,
though seems bearish on the 4 hour
5) RSI continuing rising trend on the
daily. May drop down to rsi trend line
before any significant move up.
6) Keep an eye on Bitcoin as it
influences the overall market heavily
and a drop in BTC will see the market
as a whole drop, including 0x.
IF a breakout occurs, expect an increase to the next resistance zone (blue line) - 0.00009122
IF breakout fails, expect a drop to the lower trend line of the falling wedge or possible lower to the next support level (pink line) - 0.00007304.
Break above Res1 UWT LongIdea : Recently broke above Res1 and pulled back. If support can hold we can climb higher.
Support : OPEC recently agreed on a cut in production.
Support Links :
www.bloomberg.com
www.reuters.com
finance.yahoo.com
GoldCoin is scarce - Before the rise and reverse hard forkGoldCoin before the rise and 2019 reverse hard fork.
Some Pattern Recognition here.
Check it out!
BITCOIN UPDATE 27-12-18Bitcoin is finally showing some bullish signs again. After testing the 3k area and the decent bounce bitcoin showed, we are now moving in what is a potential inverse shs pattern. I have seen this before with bitcoin and it is a very bullish pattern. It could push the price up to test queen trend line again but this time as a resistance. That would be around the price are at 5k.
This is only possible if we don't continue dropping now and if we stay above the 3.5k support. That would be the max for this downmovent.
EURUSD Inverse Head and Shoulders patternI think EURUSD will rise to the inverse head and shoulder neckline for a short upwards rally and then going back to the downtrend. For longterm prospect on the price of EURUSD we will have to watch for the actions of federal reserve chair powell, and as well the upcoming G20 summit on trade talks with both China and the EU.
EURUSD NOW BULLISH ABOVE 1.1650 LEVELThe euro currency has moved above the 1.1650 level against the US dollar after ECB President Mario Draghi struck a bullish tone towards future eurozone inflation. The EURUSD pair may create a bullish inverted head and shoulders pattern if buyers can push price towards the 1.1730 level. Sellers will need to edge price back below the 1.1600 level to change the intraday bullish bias, while buyers are currently probing the 1.1700 resistance level.
The EURUSD pair is intraday bullish while trading above the 1.1650 level, key resistance is now located at the 1.1700 and 1.1730 levels.
If the EURUSD pair moves below the 1.1650 level, sellers may test towards the 1.1600 and 1.1577 levels.
Binance Token Beating the Bloodbath - Better than stable coins?Weekly Chart- I am basing this off BTC continuing to head down in the near future. This is what I'm expecting to see happen over the next couple weeks or so, an initial sell off of both but a gradual increase of BNB price vs a gradual decrease of BTC price. When the market comes back, I will have more value with my BNB compared to if I just held in BTC.
Selling 1 BTC for 832 BNB Binance coins = (0.0012017 sats back then) when it was around $10,000 back in January would have earned you around an extra .33 BTC = $2.3k if you were to sell that BNB around now Early Sep 2018
Instead of your 1 BTC being worth $7070, you would have around $9.3k worth of bnb
When BTC gets back to $10,000 you would have about $13300 worth.
Please let me know if my math is off or this theory has holes in it.
Yes this is annoying because we can't go back and do this over but if this continues, it maybe better to go into Binance coin instead of tether or other stable coins. I'd love some feedback on this, thoughts, pros, cons etc.
I do not claim to have all the answers and there are definitely risks with attempting a strategy like this so please get 2nd-3rd-4th opinions before trying this. Please do not make any financial decisions based on this theory.
I'll be creating a video on this chart and theory shortly after finishing this chart here - www.youtube.com
BTCUSD Inverse Bullish Short Term12H inverse bulls. - note the stoch fractal.
I'm watching that RSI supportline also - it looks bit like a rising wedge.
I've also outlined what i consider a potential pathway for BTC price action over coming months if there is no bullish catalyst such as ETF approved to prevent the classical triangle pattern from playing out.
A narrative is thus; we pullback once again to low 6K area before squeezing shorts and spurring another bullrun / bull trap to mid 7K before going in search of the ultimate bottom for BTC (again. assuming no bullish catalyst)
DXY and EUR/USD - Quick education!Hey tradomaniacs,
just a chart that shows all what I wanna say. :-)
Just for those who didn`t know.
The Dollar-Index is a currency basket which compares the USD to 6 other currencys.
AS you can see, the EUR/USD has 57,6% (since 1999) of that basket and basically turns that basket into a
USD/EUR currencypair. ;-D
Just check it out :-)
Peace and good trades
Irasor
Bitcoin's inverse cup and handle possibility [BTFD]with some solid buys currently we might be forming a handle here for the inverse cup and handle pattern to form
lower red trend line is target if it breaks the purple neckline after a rebound from fib levels at 6800 supply zone down towards 5800-5600 being the final destination
after the buys/bids at NY open taking bitcoin up over 6400 we need to see good momentum in volume to break 6800 and get above 7k before any bull ideas again
will be shorting at 6800/700 area if it fails to get above 6900/6800