Sir, the channel has been takenThe channel is gone, just as we predicted.
It's a sad day to lose such a strong channel, especially for you bulls out there who stayed optimistic.
Earlier, bitcoin bounced out of the channel that it was steady trending in due to a quick 1 hour bump in bear volume.
If this pressure keeps up, expect to fall all the way down to the .5 fib level, where heavy bear volume bounced bullish earlier last week
For you bulls out there - it's a waiting game. Wait till you see confirmation after a new trend formation.
For you bears out there - you might see some more gains once this .382 fib level is broken.
For you newcomers, it's a 50/50 right now. be careful entering with leverage
What do you think? Is this just a head-fake, or are the bears taking back some control?
-Block
Technical-analysis
USD/JPY Short Opportunity low risk, huge upsideDaily Time frame shows a ABC pattern, C forming around the 78.6 fib, curently rejecting my entry from 61.8 level, also following a current trendline on the 2 hour time frame, lets see how it plays out, TP is currently at 109.00 with a tight SL at 11.250, so very little downside.
Head & Shoulder EURJPYHello Guys. I started making videos on youtube here with another head and shoulder i just took in 1h time frame. since last week i had some very nice winning trades in row that i show in my videos in response to a trader who was saying that technical analysis doesnt work. Its all about understanding the statistics and the probability and consistency and staying to your plan after losing trades. FxStreamer is my channel on youtube hope you enjoy.
2 Paths 1 Opportunitty for ETH signalBulls are tired so I am inclined to think it will be the bearish option in any case I will either short or Go Long at those entry points resistance and support match Fib Levels and if macd and psi are positive for either of those options on multiple time frames whey will validate the direction . If you want to be even more sure candles should be closing or very near closing to the Bollinger bands either the upper band if Long or the lower band if Short will update before taking the trade.
Wow! What a dogi!! Incoming ... Big Candles!I first published this chart set up via screen shots posted to twitter. Feb 23rd, 2019 See @golftothecore on twitter. This setup was posted just after the last giant narrow dogi with long wicks above and below (red dogi). I added the "slam down zone" on March 8th. Again, check the twitter. This chart set up was a word to the FOMO crowd ... Exercise due diligence and wait for the market to come to you. Make your own f**king coffee, skip Starbucks, and put lottery money in. Stop buying scratch offs and DCA BTC at the bottoms of long red candles ... BTC fell right into my first purple zone. Incoming, Incoming! Giant candle!
This is the first time I am publishing to Tradingview.
Cheers,
Jeffrey Jay Moore
EURUSD - Decisions, decisions...On EURUSD, we now have a solid bearish channel forming, which points to confirming my long-term outlook on the pair. (With the Weekly Bearish H&S.) However, I can not take a trade on this pair right now because of what I'm showing you on the 4H chart. With the very negative jobs report coming out of the US today, the pair has found enough energy to push off of support and continue its flow through the channel. How far up it will go, I can not say.
On the chart, I've drawn the lines that show the paths I can see the pair taking. If the bad US data wears off soon enough and the focus moves back to the EUR, or the USD gets some reassurance, we could see this pair back at resistance by early next week. If not, I imagine we will hit resistance again, at which point I will determine whether or not this is a good sell.
My analysis is only an educated guess and is never intended to be an expert's guidance or investment advice. Absolutely anything can happen, I am only offering perspective for other traders to imagine every possibility and make their own decisions. Happy hunting.
--HSC