My life's work as a trader is not be like the 99%, I want to be like the 1%. The market is showing stability, with a 4-hour period range highlighted by the Red Range Lines. This is a positive indication, as the recent drop did not occur on high volume by the Market Makers. Market Makers intervened at 1.11376 (1.11400) before the news hinted at a price decrease....
which one? Red or Green? please comment your opinion...
$SAND could be setting up for a breakout needs to hold the 50% retracement or algos will switch to sell
Hi Traders! The market is, on this Timeframe, in a Downtrend. In our view, there are two possible scenarios of how the market could move: It reaches the Weekly Resistance, then it turns back down --> Down It reaches the Weekly Resistance, retraces and shoots further up --> Up However, we have these technical factors which could affect the price: Weekly...
Intriguing.
I can't tell if I'm just seeing what I want to, but this is like the Great Conjunction from the Dark Crystal.
I have provided two scenarios for the Nasdaq. One is an immediate bullish case for a bounce off of a previous broken resistance level. I think this is on the optimistic side, and of course most people would prefer that type of stress free environment. The second is for a breakdown to a lower previous control level. This is more pessimistic, and it's more...
The 4H 50/200 EMA is taunting all the smart bulls.. talk about a crafty trapper! If it keeps getting rejected, heading back to $42-43k for the stackers.
Hello, this is looking dangerous. If LTC can't pass the fib projection where it maxed out Febuary 2nd and fell down, we may see a large drop ~84.0. I would not invest in LTC right now, it has been around since 2011 and it is proving to not have much strength. Back in Febuary it dropped 38%⏬ from its ATH of 254.. I think this may be the end of the road for LTC, I...
The combination of the two tools Fibonacci Expansion and Retracement could indicate some important price levels for understanding the mood of the exchange rate. The most important dilemma that arises from this approach is if the last downward movement is considered as a correction of the main trend. Looking at the chart, it seems that Friday's close was...
Often times traders want to know if an instrument's price is going up or down. It's an expectation of some sort of prediction. The problem is that price could be going down on one time frame but up on another. How is that possible? It's just a matter of perspective. You could see price move down on a 1 minute time frame but that's not so important. Really -...
Who is gonna win this battle: cup and handle or rising wedge ? MCHP made a nice “buy the dip” on Tuesday creating a “cup and handle” pattern that combined with the ABCD pattern gives a forecast for a possible target price at point (D). If that happens, MCHP will break the resistance line and go into a new trend which it will then surely test again. Of course...
Up or Down, I can see both happening, but I can see a grind up if the latest channel I've put up holds true. More than likely a slow grind if we go up and then in the morning, the bulls take a shot at 50 would be my rough guess. A correction would be good and healthy as well. I'm about done for the night. Has been quite the week.
This token has only be on Coinbase for a short amount of time, but it has sparked my interest. Currently I believe that we may end up finding support somewhere in the .33-.35 range, with an upside potential from there. I could obviously be wrong, but always fun to see what happens! Please do not treat this as financial advice! I am an amateur trader, having fun...
Zooming out to see a little bigger picture and fun ideas for BITFINEX:BTCUSD Weekly Daily is below
I have 2 possible scenarios which in my opinion r likely to happen. what do you guys think? all feedback is appreciated as im a new trader and im posting my thoughts to hopefully get constructive feedback so I can improve :)