We are approaching yearly lows here on EU. Price is currently trading at 1.1810 100 pips away from the lows of 31st March @ 1.1706. If we see price bounce from this level it will confirm EUR strength after some recent bearish PA. However, if bears continue to push and create a new 2021 low we can anticipate 1.1624 being tested. Keep this pair on the watchlist!
First it was Elon Musk, then the China mining crackdown, then the Colonial Pipeline ransom, and now Donald Trump thinks Bitcoin is a scam oh no!!!! What's next on the Bitcoin punching bag? Overly optimistic when prices are high and overly pessimistic when prices are low is how our emotional psychology works plays against us. The lowest point I see Bitcoin...
Price already started rejecting at two important Gann 0.5 levels + 99 bars level from previous pivots points (triple timing confluence); indicating that it's time to create a swing and change direction. I am targeting a price decline to reach the next visible equal lows of liquidity (around 200 pips).
Price has been respecting a long term trendline and currently testing this level once again after hitting January 2018 lows! Will we see a breakout this week and AUD release across the board? Keep your eyes on this pair!
Gold has been in consolidation since the summertime highs. The fundamental picture for gold is the same and strengthening. Lots of noise about the rising dollar and the 'end-of-days' for precious metals. While there are many obvious cases for Gold fundamentals, we are often presented with the binary view (ST speculator noise) where DXY and GOLD have an inverse...
Bitcoin today never closed a 1h or 4h candle below 51k, which i think is very impressing at these high levels. The only thing the sellers achieved today was a higher low (again). The sell offs seem to get bought up faster and it seems almost imposible for BTC to even test the heartline off the parallel channel again. Under this condition i think its very likely we...
BUY FTM - at intermediate support w/bullish divergence. NO FOMO 1/4 position / if it drops lower into unfair lows -10% i would add another 1/4% etc until a full position size = 2 to 3% max of total crypto portfolio as this is an altcoin.
I felt like posting this so that some of the traders on here can see where we are in terms of the quarters of the year. Its important to see this because around yearly, monthly, weekly, and daily highs and lows those prices are sensitive! We can see that the market ran out the high that was created in the beginning of the first quarter and dropped. As of now. I...
Evening Traders, Today’s analysis, FIOBTC trading towards a probable double bottom structure, confirmation will be on the break of dynamic resistance. Points to consider, - PA approaching trade location - Equal lows (liquidity run) - Key dynamic resistance - Oscillators over-extended - Swing high target FIOBTC’s price action is approaching a key trade...
Hello and welcome to my Trade Idea of the currency pair USD/CHF. Let's start with the Top Down Analysis. Monthly: Since march 2019 there is a downtrend with stagnation from july to november 2019. On december 2019 there was an imense bearish price action with a huge candle that closed under the previous lows. Weekly: We see on the weekly timeframe a beautiful...
What happened? 1) Economic uncertainty due mostly to Coronavirus bans 2) War on Oil price between Saudi Arabia and Russia...pushed uncertainty on the stock market and the wave went all over.. 3) BTC halving means that the mining process will be more and more centralised. Smaller miners started to sell and so did other investors out of uncertainty. What will...
The last days have shown Bitcoin is still in the same bear market it has been in since the all time high. Every pump in between is just a correction (see: Elliott Corrective Waves) and has nothing to do with the start of a new bull market. A new bull market will start when most people have forgotten about cryptos and want nothing to do with them. That's what a...
SINA is stuck in a trading range of 10–15 points despite strong buyback activity that supports the stock at the lows of the range. SINA buybacks are struggling to maintain the price level.
TXT is scheduled to release earnings this week. Textron had a great year of releasing new models and receiving new orders. Their used aircraft sales continues to be some of the largest in the industry. Although there was an accident in a factory this last quarter optimism for the company i believe remains strong.
Depends on Bitcoin like always which one this one will move in my opinion. If BTC tanks to lower levels 6-7K maybe 4-5k this pattern could get very bearish.
XOM retested the lows of the current attempt to bottom, which is slightly above the previous lows of December 2018. The selling down was swift and steep, resulting in a bounce up which was on weaker Volume.
TSLA is in a retest of the prior short-term lows that may develop into an intermediate-term bottom if the support of the low holds. With October the most common month for a Stock Market crash, low support levels become a critical factor for this stock.