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A Probe Versus A ShadowA Probe Versus A Shadow The candlestick shadow refers to the upper and lower thin lines of the candlestick body. A lot of that has been written already by others, so in this article, I like to mention just a few differences between a probe versus a shadow. A market probe is a measurement tool. A market probe checks the sentiment of the bulls compared to the sentiment of the bears. A bull probe is when the bulls test a new higher price level, and a bear probe is when the bears test a lower price level. I think a shadow is a possible price reversal, and a probe is when the price explores a new price and may advance further in the same direction. Is that a shadow or a probe? Let save that for another discussion. To answer that question, it will require a more in-depth market analysis of the immediate market conditions and ultimately the outcome depends on the market decision. Thank you for reading! Please click Like and click Follow to see more. Greenfield Disclosure: Just a humble market opinion by Greenfield Analysis. This is not a recommendation. Greenfield Analysis has no investment in any of the securities mentioned in the article, no plan to initiate a trade in any of the securities mentioned, and does not receive any compensation for this market opinion.
TVC:DJIEducation
by GreenfieldAnalysis
7
Sideways movement on DowWe doubt that there will be much bear move at this point, but we shall continue monitoring the price movement before making any decisions. Dow fell last week and got some price rebound off the supply zone. Yesterday, we saw it moved around 300 points which was more than what we expected. At this point, we still have a slight bull bias in the near term but it depends on price level and weakness. With the trend still intact upwards and stochastic in our favour, any price between 25100 - 25250 may be an ideal entry point for good risk to reward. Do also catch us on our Instagram for more updates www.instagram.com
DJ:DJI
by TradersArticle
BTG/USD ....where in the world are we?Well here we are in the middle of the holiday weekend. I hope yours is going as well as it is up here on the Death Star. And thing are looking up for the Bit Tokens on the Death Star exchange... This is a term I think is about to take the market by storm, or a similar one.... The "Bit Tokens", all of the existing Bitcoin forked coins, and the future forked Bitcoins will be called Bit Tokens or similar. This is what I think is happening. The legitimizing of crypto is upon us here. And the market will in my opinion be geared toward the favorable, highly secure bitcoin core and its forked bit tokens. What we have to day is Bitcoin Gold. No one out there in the crypto community is touting this coin. They are all afraid, IMO, that BTG is going to steal their market share from Bitcoin Core and Bitcoin Cash. I know this because of all the hate posted toward BTG. Lots of hate form core owners. Well the opposite is happening. The Alt coin market is suffering, the market is moving to the Bit Tokens. I noticed today more talk of Bitcoin Diamond. This will be happening soon and the theory possibly becomes another reality. Lets hope so anyway, for our sake. I see here Bitcoin Gold/USD pair has been moving up, looks to me it will trade off of the 21 day moving average. As you can see in the chart. The green arrow points to this. Sometimes its simply staring right at you.. and here it is. When BTG comes down to the next Fib level on the chart between 50% and the 38% retrace, we will print out bull flag and pop up again when the 21 day catches up with this mornings movement. The timing of this will fall about sundown for USA and Sunrise for the Eastern world to hopefully pump the play. Buy the black sheep. BTG will be more than anyone thought it would..... Just look at bitcoin cash for a history lesson. Best of luck whatever you decide out there my friends. This is not investment advice. xxwhitevaderxx
BLong
by xxxwhitevaderxxx
7
BTCUSD Higher Highs & Higher LowsBITFINEX:BTCUSD BTC since the last bottom of the bear run that saw prices down to $2900, we've witnessed several rallies continuing along a macro positive trend. In the days since 15th September last month we can see a trend of higher highs and higher lows with a converging upper/lower boundary. There has also been a trend of decreasing volume throughout the past few weeks with a couple of upticks signalling interest followed by a downturn in volume. These factors coupled together collectively represent a rising wedge and this is known as a generally bearish trend that signals weakening bullish pressure as each rally point becomes smaller. At the time of writing this, our latest rally hit a level of $4960+ to revisit a resistance zone witnessed at the end of the Month of August. A subsequent breakdown in price could see the price drop back toward $4200 levels before a clean break and strong show of support above the $5000 mark. A shorting opportunity may present itself in that situation. That being said, there still seems to be significant strength in the market at the moment. On a macro level, the sentiment weighs more in favor of bullish exhaustion in play however the current market trend from a micro time-frame perspective is holding above the 50 MA which as many of you know and trade upon is representative of a trending bullish market. RSI is currently also displaying some sideways action with upward trend signals gathered from the MACD. Completion of bullish exhaustion will be evident in the MACD & RSI but the current sentiment displays some strength. In the event of a breakdown, we can rely on the fibonacci retracement level of 0.786. It should be noted that even with my sentiment being that of an impending breakdown before a clean break past the $5000 level these predictions are on a macro scale so a show of support above that level for a few days will confirm the breakout. The immediate trend is showing good support and will remain bullish until proven otherwise. Remember, the trend is your friend. If you are uncertain about opening a new position at the moment, whether long or short pay attention to and search for confirmation throughout a number of indicators before you make your decision. In summary: BTC is finding good support in the long term especially after the recent price corrections couldn't be more positive. A possible breakdown would most likely not make it past the 0.786 retracement level of $4200 & a breakout above $5000 would require a good show of support before any more long positions should be considered. On the macro level, the market is pushing upward and a break out of the rising wedge will see quick correction before price rallies back up above $5000. Investing and/or trading in digital assets like BTC is highly speculative and risks are involved due to a high market volatility difficulty level that doesn't favor new traders and new investors. The analysis expressed here is purely for informational purposes only and should not in any way be considered to be investment and/or trading advice.
BITFINEX:BTCUSD
by doomnometron