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Possiblebreakout

Lets check possibilities for todayI have some channels and ideas for today, lets check them. I told that several times, macd shows them a big trend is coming and you see what happened and also I was talking about rsi and down trend. So in my idea we have two options here as always, which one will be the winner for today? it will be more clear for me in a few hours, lemme explain this chart. Rsi has a support line in a few days and it broke last night and we saw a big down trend, that line could act like dynamic resistance now, cross under happened in ma's and price formed a bear flag(not confirm yet). We are still in dynamic channel by the support line which like the bottom wedge of the big ascending triangle I talked about. I will confirm bear flag if I see a candle above green line and a respect to red line in chart(9650), I can confirm up trend if I see a candle above red line(9650) or breaking the resistance line in rsi(red line in rsi). In my idea we will see 9650 again and the consequences of failing in break it will be 8700, but if we break it, we will see another try on 10k. Personally I'll wait to see the reaction of 9650, and rsi reaction to red line. If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading. Take care, trade safe
BITMEX:BTCUSD.P
by AminHa4
4
Tetra Bio-Pharma - About to make a move!Dear Traders, Happy thanks giving to all of you. I hope you'll enjoy some time with friends and family! Let's have a look at TBP today, I was keeping my eyes on this one because of it's good looking chart. I was waiting for a volume confirmation and that just happened. Yesterday the stock had 40k vol all day, and today, within the first 15minutes it hit 200k+ ! TBP Released some news and they are quite active on social media also. On the chart you see a huge bullish divergence on the MACD Histogram, and we also see that this stock can't run any moment. Good Support at .93 and some resistance around 1.01 and 1.02, once that breaks, we will go towards the 0.5fib level located at 1.13, and if the bulls are strong enough, this could go even higher! Stop wasting your time and RED stocks, go explore into new companies trying to make a difference! TBP is definitely one to keep your eyes on! If you have any questions or any thoughts, feel free send me a PM or to comment on this TA! If you'd like to join my Discord Channel to talk about stocks, share knowledge and have a laugh then please send me a PM so that I can link you to it! Take care!
TLong
by Raw_Blitz
BTC still hasn't broken out YET!! Don't believe the hype YET!!!!Yesterday I posted my daily chart that shows we have yet to break out of the downward wedge we have been in since december or january. If you look at my weekly chart the trendline is still in tact. Everyone else is using a different trendline. Mine is clear support in December and Resistance in from january on. You can tell that we currently have only wicked out of the trend which doesn't mean much. I hope we break it as I am a bull at heart and I want upward momentum, but until this is actually broken on the weekly or multiply daily closes above this trend line we still haven't broken out. We are definetly in bull movement currently. Who will win is this a bull trap or have the bears been knocked out? This is not financial advice just my opinion The link below is to my previously published daily version of this chart
BITFINEX:BTCUSD
by bdfulker2
Will The BTC Bulls Win or will the Resistance overcome???????BTC has been showing very bullish price action and momentum as of late. The bears have been pushed up against the ropes and now must fight there way out. Personally I am hoping that the bulls win and we break out of this downward wedge. We have wicked out on the daily. But need a strong push and at least one close above the trendline on the daily. This point we found ourselves poking out of is significant my trendline also will invalidate whatever bearish counts are still out there. But if you look we are currently on touch 5 of the resistence trend of the downward wedge. But there were about 4 touches of this trendline as support as well. So "LONG" story "SHORT" (pun intended) we need to close above about $8400 to invalidate the bearish counts. To invalidate the upward movement as a wave 4 correction from the may downward thrust. Becuase wave 4 can't overlap wave 1. which some say ends down around $8400 which is also around this downward trendline that has been significant since before the ATH. So will we thrust through now, or maybe after a correction, or will the bears fight there way out of the corner and off the ropes "resistence line" to knock down the bulls to lower. I hope the bulls win but we will have to see as this is may be the bull run of our life time as some would say!!! What are your thoughts?
BITFINEX:BTCUSD
by bdfulker2
1
BTCUSD trendline TA possible falling wedge formationAfter having fallen out of the ascending channel BTC appears to have found descending support with a descending resistance line above it, BTC appears to have fallen into a falling wedge formation which on the surface appears to be a negative down trending pattern, but could be a sign of building bullishness. As BTC falls down lower into the wedge there will eventually be a breaking point where the bears will not be able to hold back the bulls anymore. The aggressive downward angle of this wedge suggests that if BTC breaks out above the wedge there is a strong possibility of a huge upward spike in the price which could happen in the next day or so. This is definitely one to watch develop and suggested buy in would be just above the descending resistance line.
BITFINEX:BTCUSDLong
by HODLmyRocket
1
CHK Ascending Triangle PatternCHK had strong downward channel trend that turned around in Feb 2016. Ascending triangle pattern formation, on monthly, weekly and daily timeframes, for long-term swing in price to break upper resistance @ ~$8.00 (this is daily chart). Again, RSI has been so graceful in confirming possible short or long entries for the whole duration of the triangle's existence. RSI expected to drop with price (yellow ellipse on RSI chart); personally expect move to about $6.30 (yellow circle on chart proper), then turn around for upward swing to $8.00 resistance level. If CHK can break $8.00, it can be a huge feast from there (possibly hit old $13 support level); it's a waiting game now. Wait for RSI confirmation and enter long around $6.50-$6.30. However, outcome of earnings has potential to make or break chart pattern.
CLong
by AtoHoward