BTC appears to be approaching the end of a rising wedge and may need to consolidate after reaching ATH's. Price has been unable to break and maintain $60k and appears to be nearing its reversal point. It will likely test $60k in the near term before drastically correcting.
It also appears to be indicating a classical Bearish divergence on MACD & RSI, both of...
As outlined in my previous chart, the Rising Wedge appears to have completed and a (likely short-term) correction is occurring. It's too early to determine the range and duration of the correction, but it would worth anticipating a bounce around the mid $1,600's followed by either immediate rising demand and continuation of the bull run. However, because of the...
Gold TVC:GOLD appears to be completing a rising wedge formation and approaching it's historical resistance range ($1,800's). It will likely be a short-term correction, but active traders may want to evaluate their swing trades to appropriately limit downside risk in the coming days. Good luck guys
Appears that a conventional C & H pattern is forming for BTC. Volume at the decline and base of the cup coupled with the consolidation duration, seem to indicate that a breakout is coming fairly soon and a handle appears to be forming. We may be looking at a price test of 10k in the next couple days/week. A trader seeking to go long and who is a bit risk adverse...
Based on the historical trend from the Gold price highs during the peak of the housing collapse in 2012 and recovery, in contrast with the macro-economic situation now regarding COVID; it appears the trend may repeat. I estimate a similar high based on flattening global demand, as the pandemic runs its course. I'd estimate going/staying long for now, then entering...
Let me begin by outlining a falling wedge as difficult to spot accurately and is a bullish pattern that starts with a wide top and contracts as prices move lower. In this scenario the price action forms a cone that slopes down as reaction highs/lows converge. The lack of expanding volume may indicate this pattern to be a continuation, but I believe the 2 recent...
