Bitcoin is showing MACD cross + low RSI the last couple of days, which indicates room for growth. There are two possible BTC scenarios if the wedge continues this formation, we can have an early breakout (#1), if that one fails we go for scenario (#2). NOTE: The upper wedge line could be a little bit off, because there is no wedge confirmation yet. (This is not...
Pretty ugly chart, but we'll look past that for a bit. BTCUSD has been making multiple M formations over the last few weeks and it appears we are retesting the neckline of the M that began at $7,200. By formation, the target for the decision point lies in the range of $8,300, along the .236 retracement point on the fib levels running from $6,000 to $11,800. If...
Price has just broken entry line on 1H chart, coming from the downfall of a double top formation. Should get a 1/1 risk/reward with an almost 50 pip goal.
It's been a while but lets get right to it. Weekly The orange line I drew up is from the highest high back in 2011 (about a 3,745 pip range). This line was broken last year in July. Recently it's established a consolidation area in the past month and can be seen that momentum has slowed for a bullish outlook. As you can see the recent top has not been...
US markets stay hyper inflated and the trend is continuing on the same path. UP! Now that inflation data is out we can trade without inflation concerns. Concentrating on our tactical entries while minimizing stop losses. Price is forming a wedge and squeezed upward eventually poised to break out. Any deviation from this will result in a broken trendline on the...
Hi everyone; This is my big idea about Ripple. Keep calm and buy Ripple. The big blue line is the very strong support line while start of ripple. and you can see the big Elliot wave and Fibonacci lines. Ripple is the very strong and technical cryptocurrency. i trust it. Don't u ? ;)
if the formation completes by hiting 11800, next target will be 17200 but first the descending trend must be broken.
You guys must be carefull on this. LET CANDLESTICKS GIVE YOU A SIGNAL ON LOWER TIME FRAMES.
Here I am with my vision of EUR/NZD pair. It looks like we are at critical point right now. Potential break is becoming more and more real with every price drop below the line. This is a long-term chart and hence the reversal can open the road down to 1.61 support line. On the other hand, it could be a potential bounce upward. Should we jump into/out of the trade?...
Nicely profit %35. LTCUSD. “For Educational Purposes Only” Please check out my other analysis!
reverse head and shoulders pattern. not yet validated. but we may count head has already been formed. so we may take a position around 150 usd and specify stop loss as around 115usd.
Gun to my head, this is the pattern I think we see at the close today! en.wikipedia.org(candlestick_pattern) $SPY
The Broadening Top pattern forms when the price progressively makes higher highs (1, 3) and lower lows (2, 4) following two widening trend lines. The price is expected to move up or down past the pattern depending on which line is broken first. A bit of a toss up since the broadening top formation appears much more frequently at tops than at bottoms, and therefore...
Good evening, i see an "sks" (in german) known as shoulder - head - shoulder formation with upward signs. If the price dodn´t hit the green line, i see the next uptrend comming. If the price falls down the green line, there will be a bigger correction. Greetings If you want to support me BTC address 138EsXDZVasDSCq3K9xBRYzmhtbPd7dYQS
QTUMUSD TradingView Calculation QTUM is hammering a large bullish flag formation. A break of the upper dynamic followed by a break and hold above 49 should trigger further strength back to the highs at 73-75. Look to buy the breakout on next dip back to 48. 2 strikes on the lower line of the flag means this is still 'hot' but it must now break 49 to stay that way.
BCHUSD Update What a difference a week makes. Within hours of the last comment BCH had fallen away to a low at 1631, 7 points lower than the perfect entry point at 1638, before ripping 300% higher in 6 days flat. Facebook eat your heart out. Now it's in the process of making a flag formation which will stay good so long as the rising dynamic from the beginning...
Tesla has recently been in the news with there new trucks. Traders are taking there profits and are closing positions. Right now there is a reverse cup and handle formation evolving. When looking at the MACD and the Stochastic there is a light confirmation. Keep an eye out on this one, to go for a long position.