Descending wedge should break in the 3 coming daysI can clearly see that if the current price recovers today above 4800 satoshis level, tomorrow above 4600 satoshis or the day after above 4450 satoshis it is very likely that this descending wedge will be done. As a steemian myself I really hope for recovery and as previously seen the steem ecosystem is also fueled by what top currencies do while reacting on big market changes and this time should not be an exception. I'm currently trying to get on hold of the lasts chances to get #steem cheap while more and more chances that a new move will likely happen in the coming days.
Recovery
Strategies to Buy This Value Automobile StockFCAU has seen considerable improvement under its new management, and with the recent cleaning up of debt, they announced last month that they will be giving out dividends. FCAU has not paid a dividend since 2016, so this is incredible news for what I believe to be a very valuable stock to own in the next few years.
Despite positive earnings, FCAU has seen a tremendous drop. Historically, this is followed by a drop in sentiment and an eventual rebound. Though a "cup and handle" rebound attempt was seen, it was immediately followed by a descending triangle pattern, breaking out into new lows. The average RSI-26 on the 30min candles seems to be descending linearly to the 30 line, where it historically picks up again. This is suspected to take place between March 14th to March 16th 2019.
My suggestion is to pyramid in your buys once the latest low is tested and stop around a 5.5% low from the initial low after the earnings announcement. This gives you the following target buy points:
$14.34
$14.22
$14.13
$14.07
$14.01
$13.93
$13.80
There is, however, a possibility that the best time to buy will be sooner than later. This, I believe, is largely dependent upon the current overall market trends. The S&P and Nasdaq Composite Indexes have been shaky lately. If the overall market rises, we will see this stock recover much more quickly, since it's Beta is close to a 2. In which case, jump on anytime and ride that bull.
USD/JPY: Swing-Setup! Time to BUY the BREAKOUT!#ChanceHey tradomaniacs,
welcome to another free signal!
Important: Wait for the Breakout of the Range and place a Buy-Limit!
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Type: Swingtrade
Buy-Limit: 110.031
Stop-Loss: 109.915
Target 1: 111.065
Target-Zone 2: 112.00 - 112.477
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
USD/JPY: Swing-Setup! Triangle Breakout and CHANCES!Hey tradomaniacs,
welcome to another free signal!
Important: Wait for the breakout and buy the retracement!
-----------------------------
Type: Swingtrade
Buy-Limit: 108,899
Stop-Loss: 108,347
Target 1: 109,300
Target 2: 110,308
-----------------------------
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
DAX: Swing-Setup! THE RETEST of 11.000! Nice chance to BUY!Hey tradomaniacs,
welcome to another free signal!
Important: Wait for a breakout of the yeeloq resistance and buy the retracement!
The market is very volatile so keep your risk low!
-----------------------------
Type: Swingtrade
Buy-Limit: 10.875
Stop-Loss: 10.700
Target 1: 11.075
Target 2: 11.263
-----------------------------
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
BTCUSD - Modeling 29 June as pivot point for BTC recoveryBTCUSD - Was 29 June the pivot point for the future of BTC?
This was my procrastination project for the day in between working.
29 June may have been the turn-around for recovery in the BTC 2018 crash.
What we see since then is a consistent rejection of what appeared to be an establishing downward LL trendline.
While the 14 Aug HL may have been an anomaly, the 08 Sep HL appears to be a confirmation of the changing low trendline.
The tightening market led to some minor confirmations, but I am not personally convinced of an incoming bull market unless BTC can recover from (approx) $6000.
At the moment, this chart is not making any claims to incoming markets. All indications I have are that it is totally unpredictable what is going to happen come the end of the squeeze and volume likely returns.
Today's breakout above the 05 Sep to 22 Sep high trendline possibly is a minor sign of a coming bull market.
It remains to be seen if the 24 July to 05 Sep high trendline can be broken, and most tellingly, the 5 March to 24 July high trendline.
AION/BTC slowly starting to recover from a long downtrendHigher timeframe (daily) looks like it gained support and has been consolidating for a while.
1H Timeframe has us wicking to that support (lower block/breaker) and attacking the higher block for some time now.
IF we break up from that block (lock above), a viable buy strategy would be on a retrace to that same block, while targeting that void (explosive move that left no resistances), and maybe top of the range as well.
BTC: bubble/recovery analysis from an engineers point of view
Hello everyone,
First of all, thank you for reading. I tried my best to articulate my thoughts as well as possible.
I would love to discuss this analysis with you, whether you are in favour or very much against my line of thinking.
I am here to learn and make money, but first you have to learn in order to make money - and learning is best done by explaining your thoughts and reasoning to other people.
Finally, please keep in mind that this is an engineers point of view, which tends to be exact.
My analysis does not take into account factors like massive manipulation or the dumping of 100k BTC from MtGox/Silk Road, or other situations like this.
Thank you and good luck with trading,
Nick.
Bitcoin - The way out of here.Pulling back and getting a sense of the rhythm of Bitcoin ( which is a bit like the rhythm of the group mind as it approaches something new and grapples with it, a push/pull between faith and fear ) Bitcoin/we ran with the idea in late 2017 and hit the wall, way too excited, we exhausted ourselves and retreated.
We're now below the historical averaged-out trendline of adoption / acceptance of this new idea and beginning to feel the pull again. The previous rise was still a reflection of the huge $20 000 impulse wave. But I feel this current rise is the first fresh positive impulse after the hurt. There will be withdrawal again, then another more confident push back up through that trend line, a quick restorative breath and then onwards and up for our next adventure above the trendline.
I'm putting this up here to refer back to later on.
Short-Term-Perspective! Don`T BUY right NOW! #PatientsHey guys,
just my idea and how I see bitcoin which could possibly create a Cup & Handle.
We will see. :-)
Peace and good trades
Irasor
Trading2ez
Wanna see more? Don`t forget to follow me.
Any questions? Need education or more signals? PM me. :-)
Next Stop: The MoonBreakout from symmetric triangle today on Donald's 'tradiness.' Bulls back in control.
May rise nearly vertically now for a month. If GDP # good Friday will lock in the rally to recovery. Cover shorts while you still can.
Donald's timing perfect: coincides with end of the 4th Elliot wave in bullish impulse, charted. Fifth wave will be a monster, expect +1200 on DJIA, SPX will break 3K.
Game on! Good luck!
NPXSBTC consolidation is overOne of the new coins on Binance, faced a correction wave after listing. At the previous time we analyzed this coin it was at the side trend around 0.00000065, however it went down due to BTC fall. You can see a corrective pullback on the chart which is finished now and the price is again in the side trend. From this point it can bounce and go up to the previous height. Carefully track this coin and our updates
There is a great potential to move higher, and the price range provides a good entry opportunity. DMI shows a great possibility of impulse bounce, MACD and Stoch RSI intersected in a bullish critical area. We recommend this coin for medium term trade.
Signal was posted in the Premium channel 1 hour ago.
BTC – Magic proportion 0.85Hi Guys!
Once again thank you for being here!
Many of us are trying right now to figure out what’s going to happen with BTC and with the whole market.
As we predicted we didn't fall below $5800 ("WE ARE SAFE WE WON'T GO BELOW $5800" down below analysis).
Don’t worry within couple of years it will be worth trillions. The whole technology will change economy market irreversibly and on the large scale. Keep your finger on the pulse.
Reuters made a poll recently among financial institutions asking whether and when they are willing to invest into crypto. 20% of them claimed they would do so within next 12 months and 72% of those 20% would do it within next 6 months. So we can expect institutional money flooding in still in 2018.
Second half of the year will be much more interesting and thrilling.
So what we have today for you…
We observed that each time we have had a local peak the price was around 85% of the price from the latest peak. Please look at the chart. When you compare those prices and calculate their proportions they are surprisingly alike.
Next stop at 8,5K or do we go further and break 10K? What are your expectations? When that can happen?
Anyway we think it’s worth watching this level and act accordingly.
Let’s dive into technical analysis.
Yesterday we had a nice bounce off breaking level of $6000.
Gann Fan – waiting to break 1/1 level which states price and time are in a perfect match. We need a price to grow up faster than time. Observe 2/1 level. It will be safe level to enter. This level means breaking $6400-6500.
We observe falling wedge pattern which is very bullish
We crossed volume weighted moving average – very bullish
We can positive divergence on RSI
MACD positive divergence
Weis Wave – finally volume on demand has shown up and no signs of supply yet
Guys what do you think about our magic proportions?
Thank you for comments, private messages and likes.
Do not forget to follow – we know it’s a trite but it really helps :)
HUGHS
WBM Team
BTC ... will we get away without a back test of the bottom?Hello folks ... interesting times.
I have to admit, the fact that we did not crack 7k (yet) threw me off a little. The Bart Simpson pattern which was created prior to the bottom at 7040 made it very difficult to count waves. It does seem we completed an ABC from 10k down to 7k. It also seems to be that we are in recovery mode.
But let's be honest ... the entire climate is still bearish ... it doesn't take much of a drop to have mostly everyone predicting we are going to 5k soon!
I have my predictions going out, but we'll take it one step at a time.
Based on what I am seeing, I'd say the highest probability is BTC will test one of the old all time high trend lines, at around 7800 to 7900. At that stage it is hard to predict whether it will drop back hard, or after a smaller correction, make its way up again even higher ... possibly to test the top of the triangle (maybe). The gold lines show the projected path, which will definitely require adjustment as data comes in!
So likely 7800 is the key level to watch.
However, be on guard ... we are due for a correction soon. It shouldn't be a major one ... but just some consolidation to enable BTC to carry on to 7800. However, it is possible that a drop to the 7250 ... 7300 level ... which is definitely in normal correction range ... that could set-off a retest of the 7k bottom.
So taking it one step at a time ... a correction is due soon. If it holds up above 7250/7300, then likely we would continue to 7800. If it breaks down here ... we could go deep, even well past 7k. 7250/7300 and 7800/7900 are the key levels over the next day or two. Be sure to keep an eye on them. The red arrows I show are where there is a highest chance of going back down to test bottom over the next few days, in my humble opinion.
Remember only a fool relies on one potential scenario.
Do not use this information for financial decisions. For educational purposes only!
S&P 500 Recovering from CorrectionI am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader.
The S&P 500 has been in a Correction since February 2018. Some of you are worried about Corrections and Retracements and Down Markets. Don't be. They are a normal part of a Market life cycle. According to the Motley Fool, at fool.com, "Cumulatively, the S&P 500 has spent 7,040 days declining in correction since 1950. Given that there have been 36 corrections, the average correction time is about 196 calendar days over the past 68 years." A quick calculation (not meant to be pin point accurate, just a ball park figure) makes 196 days roughly 6.5 (six and a half) months. If the Correction started in February, that gives us roughly to August or September (again, ballpark figure) until the Market goes back to being a Bull. My theory is the Recovery has already started. The purple lines I've drawn (solid horizontal lines at top and in middle of the chart) show the Correction range (a Correction is typically calculated to be around 10%). The red line (horizontal solid line at very bottom of chart) is the range of a Bear Market, or roughly 20% down from the high. Yes, you read correctly, we are not in a Bear Market. We have not been in a Bear Market. We have been in a Correction; but I think that's about to change. The orange lines show an up-trend in the S&P starting in early April. Now, I could be wrong; the Market could turn and show me I have no idea what I'm talking about (which is completely possible, read my disclaimer at the top). However, If nothing changes, this could be the Recovery period. Don't run out and start spending Bullish just yet; this is an Up-Trend with pretty defined support and resistance lines which means the Market will still go down.
If you see the Market going down; or hear, see, or read about it on your preferred media outlet--don't panic. Look at the trend lines and see if it still following them. If the S&P remains between the Support and Resistance up-trend lines the Recovery is still going smoothly, albeit slowly. One last hurdle it has to jump before starting to run with the Bulls again is that dotted blue line at around 2800ish. That marks a Resistant Line from March 12-13, 2018. That is third base. Once it rounds that corner it is heading home; but in order for it to avoid getting tagged out, and to cross the plate and score, it needs to breach the high from January 26, 2018 which sits around 2872. I do think this Correction will be over by the Fall of this year, but that hypothesis is centered entirely on the S&P maintaining the Up-Trend or going entirely Bullish in some other way. If the S&P breaks the Up-Trend Support, then forget almost everything you just read.