Waterfall (and winter) is coming. GBP/JPY is capable to develop strong downtrend that exceed thousands of pips. The resistance line at 186.767 is the last strong resistance in the way.
This will be the biggest bull trap since the last bullrun back in 2017. Right now met the strongest important Resistance into 0.50- Mid 0.54 area, should expect the big drop to happen to meet back towards down 0.45-0.30 area for a short retrace, and drop more continuously. XRP bullrun won’t begin 2 months before the bitcoin halving of april 2024 which bitcoin...
Update on my previous idea. The C wave up ended up extending into 4 waves. But that has now completed. It's make or break for the bear market right now. Personally, I don't see us breaking out of the downtrend. But a fake-out is always possible. Note that this technical analysis is a small part of the bearish case. The wider macro-economic environment bear...
A potential scenario based on the 2008 capitulation. Not financial advice
Maybe halfway down the flagpole. Had a pennant form around 4700, usually a continuation pattern. Might get another waterfall straight off, or a B wave and then lower. 50 DMA likely target for support. Be Real Carefull about Buyin this Dip, these dots may not be done dippin. A bounce is certainly possible before lower, wouldn't bet on it. We had two weak...
Not over IMO. Look such a perfect fit on this overlay, couldn't help noticing how the step-down pattern led to waterfall then; Expect another. By happy ?Coincidence, the previous ATH 4545, prior resistance and the overlay projection all align at 4545... on that line; that's my target. Not yet oversold in the 3hr. DYODD; GLTA!
RSI near 80, MFI near ATH over 90, Blowing Up. Chart has all the details. Could top this week or early next. Overlay is a WAG. Absolute disconnect of price from reality. Selling soon IMO. Price may press higher to test the Fibo at 16,530 before rollover. Every blowoff ends in a waterfall cascade. Excessive greed gives way to excessive fear. Gonna get real dicey...
Good Day traders !! For this pair we are at the 5 impulsive wave to the downside. WE also have a very strong level of resistance in confluence with the 0.5 Fib level which makes it even stronger and hard to break. Also on the daylight timeframe we have a formation of an "M" formation and we would like to see the pattern completed before seeing any kind of bullish...
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After we almost completed the reverse waterfall pattern on the 1 hour chart, I expect this ongoing wave in gold to get us to approximately 1420 till the end of December this year. That could possibly open the way for moon power to be activated in 2018 and 2019, which could shoot gold to the moon and possibly above. Trading involves substantial risk, don't sell...
Brexit will affect the performance of the both eur & gbp, so the coming days will be bulls for the dollars index, and we expect its spike soon before a bearish trend.
Busy chart. US 30 is trending down since 26 Feb 19, and 22 March Price Shock was pivotal IMO: Note the long TL at bottom reaching back to 1996. Scroll R/L to see the extension. IMO this line will define the bottom for the 2020 bear market. Note the two-year 'Trump' TL which has enjoyed a parabolic run-up since election and corporate tax cuts. This curve is...
8hrs ish for BTC to waterfall to the 200 Weekly MA, lets see
I don't like this daily chart price action in BCHUSD; Bitcoin/USD is a far more attractive alternative for the bulls. In fact I would not touch BCHUSD after seeing its recent, highly-manipulated bullish breakout/waterfall decline. Another leg down for BCHUSD remains a possibility; if trading it, be especially nimble on the long side. Traders and especially...
Looks like LTC is recovering nicely from a WATERFALL movement, last night...(12-21-2017) phew! Almost back up to $300 price range, things are gearing up again for a POP to the UP Side! (Finally)! Buying in on LTC at prices below $260 was difficult due to excessive trade volumes bottlenecking the Crypto-Exchanges. For example many already know that "CoinBase," was...
Looks like I was right, last night? (12-21-2017) But today (12-22-2017) looks like I was Way Wrong and here we go, over the WATERFALL! Still very promising for HODL ers; however, buying at $260 is disappointing, looking at these prices today 9.00 am EST Hopefully the price will continue to dip into the afternoon or possibly into the weekend?! At any rate, this is...
USDJPY continues its waterfall from 113s and is below 3 major supports. Next level is 109.5x, likely moving daily RSI into oversold ranges. I would not long until it moves out of the clearly marked down-trend (light blue) that has held consistently since 114s. Current target is 108x. But honestly, I wouldn't mind if it just cliffed itself back to the 80s like it...