BTC/USD DOUBLE BOTTON OR NEW LOWS ?Hi all !
this is a weekly bitcoin chart using blx data :)
we are under 128ma and 50ma on weekly for now lets see how closes todays .... anyways deathcross on weekly is evident using this Moving averages i use for bitcoin , also i know about a " future golden cross" on 1day and other timeframes but listen..... first price is above .....and usually will be not easy....so like last time we also got a golden cross in the previous bear market and failed hard and we make the double botton then we got the 2nd golden cross and boom ... bull market started :)
so i expect this to dump very hard in 30-60 days...
OPTIMISTIC TARGET 3500-3100 AREA ( double botton )
2nd target 2782
3r target 1890-1710
Have fun !
OR
Perfect pitchfork Fib bounces. What happens when 1.0 is reached?I want to note something obvious when drawing a pitchfork from the beginning of this descending channel . Now I am no technical expert on Pitchforks but it is obvious that BTC -1.25% has hit the Fibonacci zones on the pitchfork in this chart. 100 % was hit today and rejected. So now my question is: Whats next?
A support on the 78.6 % marked on the chart, or a breakout above or below this major channel? Let's see if the 6th 6.06% of June wave theory holds.
The Ichimoku supports a bounce upwards and there's little short term resistance at the moment. A close below 7420 could mean a failed support on the 4h Kijun, which is of course a bearish sign.
Whats next for Facebook after market rejects #irresponsibility On technical standpoint Facebook still a strongest growth engine of silicon valley. However amid controversy of irresponsibly leaking personal data by third party app created concerns for increased regulation by policy makers and demise of trust among users. Investors have been spooked enough to sell off FB and pushing market value about seven percent on intraday trades.
Despite of this setback and extended sell off for upcoming few trades, The underlying momentum is too strong to topple significantly. It could be expected that trend for now is lag behind but eventually catch up with expected growth level. Perhaps concerning factor is additional time spend to catch up this level which is essentially loss of value . One possibility that could cover this loss is relatively cheaper FB can now induce new Acquisition Frenzy( Wink Wink Really Great idea for Fund Managers out there).
In conclusion It is good time to buy this security if you're sitting on large capital and looking for opportunity to buy large Growth Stock.
moving towards a major make-or-break pointafter the last rejection from the downtrend lin, we now move towards a major make-or-break point.
If we break the downtrend we could see return to the 61.8 % mark, otherwise a fallback to 50% mark is very likely.
As always: No financial advice, just some ideas!
Gold XAUUSD Bull Flag ahead of FOMC dataGold: XAUUSD This is interesting - it isn't a crypto - it's gold but it's making a
familiar pattern with just 25 minutes to go to FOMC data
release...it can go to the upper parallel and fail which mean
dollar strength and it can can do what seems to be
predicting...a bull flag with 2 strikes on the lower parallel =
hot, still even at these levels - which in turn means
dollar/DXY cold, still, even at these low levels. Admit to
being wary of whipsaw in the minutes following the data so
want to stand clear and wait for the dust to settle - which
may be quickly ....but it will be interesting to see if this
develops as the flag is currently suggesting it will. If so gold
will likely revisit the highs - but it's as if it's primed
- is it a trap?...let's see
GE: CSI Wall Street: Charts V Fundamentals - Truth V BeliefGE Nature of the Beast
GE is a 3/6 stock - it builds in multiples of 3 and 6: 60 all time high, 6 crash low to 33 post crash high. Last cycle high
42. This year's big numbers are 33, 27, a massive break at 24 (last kiss at 23.82) followed by a $6 straight fall to 18 where it
languishes now after a low for the year at 17.48. It really likes these numbers, as is plain to see to anyone who cares to
examine the charts, long term and short. These numbers hide in plain sight. It's a beautiful, faithful stock - in some ways as
beautiful as Bitcoin, except for bears, ever since it hit the top parallel back in mid 2016.
Each of the last three rally attempts have all been 100 pips before GE crashes lower still. Price has memory, in that when
a large corrective pattern such as this is eventually broken, price accelerates, the brakes/parallels have failed, and it will
seek support from old structure lows and highs from the past - just as GE is doing now. It's therefore likely to make a final
low at one of two spots: Where it is now at 18.00-17.48 - or 300 pips lower at 14.50. The fact that it has only been able to
rally 100 pips again from 17.48 is not a good sign but it cannot be shorted unless 17.40 gives way at any point - in which
case it's a worthwhile sell back to 14.55 where it then becomes a buy again with stops 20 points lower, requiring a complete
reversal at that point if 14.55 is then struck.
It's not much better than 50/50 here as things stand, with nothing for bulls to hang their hats on yet other than price
stopping at the only support left above 14.50. Some might prefer to stand back and watch to see if 17.40 gives way,
turning the odds from 50/50 to closer to 80-90% and looking to short here and buy back from 14.55 and get long again.
That would be so much clearer and simpler and looks very likely given a little more time.
For GE to show that the low is here, at 18.05 -17.48 it has to hold up at 17.48 on any retest Tuesday and rally at least 120
pips from 17.48 and then use 18.05 as support on any subsequent pull-back. It should then attract more buyers up
to 19.39 where it's likely to fall away again.
MCO Crazy idéaSo... yeah, This is what i'm hoping for.
BTC Going like crazy and don't look to stop in the next hours wich means money goes from other coins to be on the BTC train.
As MCO following the downtrend i belieive we are going down to the support trend ( green ) and will slow down from there.
The Monaco card & app will be released on 31 aug accoring to Monaco support and people will look for the lowest entry before that date. So i think we will follow that trend and start to push from it close to aug 31.
If the release is a success we are going a long way up. If not, god knows :)
If you don't know what MCO is you can visit their site:
mona.co
Please share your idéas in comments.
XAUUSD: GET LONG on open in Oz and you'll wake up richerXAUUSD: Gold - was bearish of gold on Friday. Now the wind's changed - completely - 180 degrees due to the Dollar breaking down. This should save gold from further falls as people flock to it as a shinier, safer safe-haven than the Dollar for a while. Worth getting long asap (NY will be too late for this) as Oz opens as the price is so low at 1228 it means a stop can be placed at 1224 for a 4 to $5 maximum loss if wrong. Upside from here could be considerable over the next few weeks if the Dollar tanks as anticipated looking across all Dollar crosses right now.
Watch for GBPUSDSince we've hit the Weekly resistance and hit the TL , we have have a ascending triangle. Beter wait for further confirmation. After the strong bearish move we have formed newer HL and HH on the daily. Either trading the bearish breakout or waiting for a bullish movement to enter whenever it should cross the weekly resistance. But for now just observing...
Something to look back on in a year.I think this chart depicts what is on most active bitcoin traders minds currently, so lets see where price heads!
FOMC on October 12: Short or Long Idea Note & Scalping UpdateWARNING: I DO NOT SHARE MY SYSTEM.
Hey, folks! I just wanted to inform you via PM or in a new Idea tomorrow whether its going Long or Short on this FOMC event, you can also share your opinion and analytics in the Comments below and I'll be happy to discuss it with you!
As for Scalping, I see a very big opportunity for it on EURUSD and I believe its going Short, until for the next 3 hours maybe? I'll be updating this idea as time goes by!
Cheers!
October 7 NFP: Are you ready? Will tell whether Short or Long!Hi folks!
I know some people may think of me as an idiot/scammer, but I'm not. I've proved my statement more than once and you can count on my dear followers for that! This NFP event, I'm pretty sure the data will be positive therefor its likely to go Long, but we still have to wait to know whether its Short or Long 10-15 minutes before the event arrives and I'll turn out right. You can see for yourself, you've got nothing to loose. :)
Cheers!
Building Permits and FOMC UpdateHello folks.
I wanted to tell you that I'm not supposed to trade on Building Permits because it has a weak volatile movement, but I got out with +60,00 profit anyway.
For FOMC, if you want my point of view, they won't be raising any rates until December. So I believe we're going to trade nicely tomorrow. You'll be surprised of how I will know whether it will go Long or Short, you're not going to be disappointed. We'll have to wait a little more time though.
That was just a small update, folks, stay tuned!