Experimental Gann set up (trying to predict dynamic resistance levels) with key trend lines . I expect total distortion of bullish momentum followed by crazy bearish waves in 2019. I see the price action cutting down our final remaining trend line which acted as a support and resulted in strong bounce December last year. Fundamentally speaking - NETFLIX remains...
Made for observation purposes. "The illusion of democracy is an insult to our intelligence. In a monetary system, there is no such thing as a true democracy, and there never was." Brace for an impact :E
Fairly not good times to invest in social media stocks in my opinion. I see FACEBOOK ending up like this. Thats about 40% potential - low risk trade.
If you believe in fractals - 3370 - 3557 range would perfect for scaling into long for short term trade. Watch the RSI on the daily as the confirmation - looking to buy at the trend line! TP 4506-4669 although could pump higher than that up to 5200.
Price has recently retested strong support that previously acted as an intermediate term resistance slope on the way down. If we will get another retest - good range for scaling in long would be around 3478 (SLs right below that) -3574 - confluences with neckline of the W bottom pattern. Possibly forming falling wedge. Indicators looking great - lets see how this goes.
High accuracy chart - focuses on price and volume relationship. Both - price and volume ranges are currently contracting (being compressed) thus expecting a strong move soon. -Targets for upside breakout T1- .45 T2- .56 T3- .68 and above -Targets for the downside .30 .24 .15
Crypto is the place of pure deception - I would advise being extra careful here. Just when you think you have the market figured out it will strike back. If you are going to trade LOGIC other than the LOGIC of the MARKET - this will lead to devastating results. From TA perspective - balance between volume and price seems to be good. Bitcoin looks bullish for...
Find it quite interesting to share, price is very close to the downtrend resistance line of 44 WEEKS - which is the last long term diagonal resistance left. Rapid cover of this supply could cause major pump, especially if Bitcoin resumes the relief rally with upside movement pumping the alts with it. So, there is not much resistance left for the XRP. Failure to...
The fact that wedges can be both, bullish and bearish means that confirmation is required for taking a position. Volatility keeps contracing and it typically expands after price moves beyond the identified contracting range. Taking a long position on TRX once price is set to close above the resistance level of this pattern would be a low risk trade - confirmation...
Decentralised cryptocurrency - is no more than a fantasy at this point. Cash controls everything and cash is still The King. Linking futures to Bitcoin thus eliminating the hedge against the devaluation of fiat was a brilliant move. Do people still think price of Bitcoin / Gold / Silver is determined by the markets where physical Bitcoin/ Gold / Silver is being...