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EOS SNAPSHOT - SHORT-TERM BUY OPPORTUNITYYesterday's body shows a upside down/inverted hallow/red hammer, indicating a bottom reversal signal. I am calling this a current bottom with a shadow showing support at this level. I also show that yesterdays candlestick is below both EMA1 and EMA2, showing a short-term buying opportunity for the week. I use a small EMA because I am trying to forcast for day-trading opportunities. You would want to look for the candlestick in the 5m or 15m chart to be above both EMA lines to indicate your sell. *NOTE: I am learning financial analysis, but have only studied for a few hours. Do not construe this as paid advise or recommendations. Your choices are your own. I seek to learn and through communication, cement my own learning.
Long
by Rpettersen
Gold - Looking at a correction or another impulse?It's possible we're still in the process of a 2nd wave up after the recent correction. I could see Gold building higher if there is a stock market cool-down. Although seems more likely to me that a double top reversal is occurring and that Gold has more room to correct. It also doesn't help Gold that Bitcoin is being looked at as the most secure store of value by institutions more and more every day. Gold is fairly finite, however there could be trillions of Gold on asteroids which could be mineable in the future. Bitcoin will never go over 21-million BTC.
TVC:GOLD
by PugLife
The Risky 4 Month Bitcoin Prediction from a n00b TA creator.Understand, I have 0 experience. This chart shows my personal prediction of events to come for bitcoin until around June. I understand the taboo nature in this realm of such a long term prediction of events. But I hope to get many chuckles at my attempt here. But hey.. This is what life is about.. Trying new things. Even if you suck at it and have no idea what you are doing. This is just for fun. This scenario I depicted is my idea of what will occur with bitcoin into June, and i have 0 evidence to back this up. Just guessing. I am hoping we go into a full fledged bull run. This scenario hinges on this fact. I made the red lines to find common (peak and valley) data points that have the best line of fit in the full model. Then added geometric shapes to the mix. I feel like we will complete the inverse HS pattern (in bold black), then break out above 12-12.5 (start of blue). Begin a transition/holding pattern right into another inverse HS pattern (in blue), testing resistances at (12k, 13k, and 14k) but eventually making it to around 15k. This is where I stopped, i had no idea where to go next .. Take this with a grain of salt. Chances are I am 99.97% wrong. But I feel like I deserve the 0.03% chance.. Please criticize me! Have a good one, Glitch420
BITFINEX:BTCUSDLong
by Glitch420
2
Bitcoin HS Pattern Emerging? My very first TA ever. Honestly, I have 0 experience making any type of TA before this one. This is my first attempt. Probably a horrible attempt, but hey!.. I tried.. I think i see a Head and Shoulders Pattern emerging..? Not sure if I am using these tools correctly, but... I love shapes and as i was playing with these tools on the site, i made this.. It seems logical to me... but like I said i have 0 understanding of TA's and the tools used to create them. My only experience related to TA's is my knowledge of statistical analyses, multiple regression models and observing others TA's. I started experimenting, after seeing other people look for a head and shoulders patterns, and i came up with this.. Let me know what you think. I can take criticism. This is all brand new to me, but always willing to learn.. Do not take my chart to seriously now.. I really do not have any idea what i am doing. Thanks peeps, Glitch
BITFINEX:BTCUSDLong
by Glitch420
3
Dollar Yen looking a little bearish. Will see what open brings..I'm a relatively new trader here, so constructive criticism is always nice. I suppose you can consider me a swing/short term trader; nothing longer than a week so I look at hourly charts and sometimes day charts. Based on previous chart data I have plotted my support lines that seem to be respected fairly well. Using those I then followed up with a little longer Fib sequence giving me a basic idea of where the candles where heading. Keep in mind, this is 100% technical analysts. I noted that it looked like the .236 level was going to be tested (Market closed before it could). Placing a few simple trend lines I believe in the close future the price will pinch off and take a dive considering since the beginning of the year this pair has kind of tanked... After areas of confluence were noted, more or less, I placed a short position indicator. Something I am looking to take on Monday. We'll just see how he market is reacting Sunday afternoon. That's pretty much it. Like I said, I am fairly new to the game so any constructive criticism is appreciated!
Short
by caas_i7