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Marubozu

Trend continuation for GBPUSDIn my opinion, I think the market on the GBPUSD will continue its uptrend. This is an uptrend as shown by the trendlines and the crossover of the 2 EMAs. In addition to the uptrend, there is a slanted support line which has been tested 3 times and has seen neither a breakthrough or fake-out. This suggests the support line is respected by the market and will likely not experience a breakthrough. Furthermore, there is a green marubozu and bullish engulfing candlestick pattern which both suggest the market will go up and continue its trend. Any feedback on this analysis would be greatly appreciated!
Long
by Gniemiec36
#BITCOIN : The Rise And Rise Of Bitcoin 3.[We Trust BTC!]] #Bitcoin_Update We are happy we achieved our Bitcoin prediction 2 days earlier that stated a bullish run of Bitcoin to its yearly high levels once again and reached $11.2K so far. Currently showing a bullish scenario if it can close in such momentum by the end of the weekend. Indications and Scenario's Indication are still showing a bullish trend continuation of the Bitcoin market with a good and fairly positive insights. MACD : Once again get back to be bullish by this week and get a strength on being a bullish indication. RSI : Still in an overbought stage which might help Bitcoin to don't face that much big retrace correction move. Volume : Unfortunately we are having a big volume incoming in the market and seems to be still a very good indication of a bullish trend continuation. EMA : Showing a good bullish behavior for the short term which might help Bitcoin to get a strength to its 5th impulsive wave. Candle Stick : Candlestick creation showing a bullish candle pattern with a possibility of a close of the current stick being a Marubozu candlestick which will be a very bullish sign for the coming weeks. But for this we need to see the close on the weekly chart waiting it for the next 24 hours. Scenario's : Scenario 1 : We might see a possible further bull run towards the next resistance line at 11512 USD in the short run and I believe there is a high possibility for this. Scenario 2 : We might see Bitcoin to start a short term possible correction up to the 8700 USD area if it got rekt by the bears and by the influence of human demand and supply reactionary moves. But the possibility of this scenario to happen is not that much likely like the first scenario in my opinion. Conclusion : In general we are in a point were Bitcoin is once again getting its grace and reputation all over the financial area and we are for sure in a bullish trend. I believe we are still going to see more bullish moves from Bitcoin. This might in return affect the Alt trading scenario for the short term but will be fixed after Bitcoin starts its short term correctional or consolidation move mean while. For now expecting Bitcoin to test the 11512 for the short run and will surely have an impact on our Alt tradings. I will give more updates on Bitcoin further. Stay Tuned for More. By CryptoNati TogetherWeAccumulate
COINBASE:BTCUSDLong
by cryptotalk_et
Mama Bear had too much Red Bull last night...I thought it was all a dream.. I was so drunk on selling, I had a Bitcoin hangover when I woke up. HAHA! Bitcoin takes a major dive under $7000. While many people anticipated Bitcoin going up to the moon from here, like 99%... The 1% of the population was selling Bitcoin. I hope it clicks about the 99% and the Top 1%. Doing my hefty candlestick analysis and market psychology on Bitcoin beginning Sept.1 has just begun. In order for the bull to take over, he must close over the monthly candle strong. Otherwise we are heading south. Check out earlier ideas to see how I was doing my analysis. Pure candlestick first, then I add technicals. A toast to Bitcoin for heading down so we can all save up our coins and be rich in the future. Bitcoin for $2500 or better yet $1100 (Alex from Jeopardy)
BITFINEX:BTCUSDShort
by AlphonsoElliottJr.
2
2nd 1day candle closes above wedge final cnfirmation of breakoutGood to see on the 1 day chart that we have closed a second 1 day candle above the wedge giving us final confirmation of the breakout. What we are looking at here though is the 4 hour chart not the one day. That confirmation on the one day just solidifies that breakout and greatly increases our probability of hitting the $10335 price target. As of now, at the same time the 1 day candle closed above the wedge(and the green descending trendline), the 4 hour candle has closed a candle back above the ever important 50 MA(buy/sell line). As I've stated in the past, we want 3-5 consecutive 4 hour candle closes above the buy sell line before we can confidently say we are back in a buyers market...but I'm confident we will get that in the coming days. I also find it funny so far that the angle of the dotted purple line from the breakout is naturally creating a bottom trendline on the price action almsot as if the candles are using the dotted purple line as a stairway up to the target price of $10335. The angle is the exact angle of the back of the descending wedge we just broke out of, so it will be interesting to see whether or not it continues to follow that symmetry. Sacred geometry amazes me on a regular basis., I would not be surprised to see the price contionue to follow that angle for awhile. Lastly one thing to nnote the recent 1 day candle closed as a red maribozu candle which isn't really indicitve of a reversal sao I anticipate the bull train continuing...we may consolidate a bit for a few days and possibly even form a bull flag on the day chart, or perhaps one on the 4 hr or both...we will have to wait and see.
BITFINEX:BTCUSDLong
by DrDovetail
FTSE 100 - Short term sellSince the vote on Brexit, the path taken by the index is fairly obivous. The impulsion started at the end of June then is followed a period of consolidation from beginning of August until the end of 2016. The new year started with a serie of new highs when the index reached 7341 The daily graph shows some sign of a reversal with a recent cross of the MACD, a momentum about to go into negative territry and a clear downtrend on the RSI. These indications open the way for a short term downtrend. This feeling is confirmed by the weekly chart, showing a nearly perfect Marubozu, sign of a reversal in investors' mind and displaying an obvious sellers' dominance. - Short term, close long or open short to get the opportunity of the index going down until its trend (or 50) near the 7,000 mark - Mid to Long term, the uptrend still prevails. - A break below the 7,000 points would confirm the short term short position and initiate a short position. - On the contrary, a rebound would be a good entry point for a long position
FX:UK100Short
by gbattini_STA