The current price of 0.063 puts Ravencoin in the oversold territory bigtime. The lowest price we've reached so far is 0.052cents and it might be tested again for more downside if Bitcoin will break below 30,000K which is very difficult but possible. The Chart shows that we've broken the 0.08Cents Major support and the 0.052 Support Area must hold this price for...
The 40K support is very critial: 1- Ascending Triangle the bulls must put so much work to maintain this , if they manage to break above 45K it might be back to the safe side. 2- If Bears break the 40K, they will want to take it down below 30K creating major FUD.
We are at a very critical cross roads and the war is on between bulls and bears. There is gigantic bullish wave that needs to be unleashed. 1- There are strong supports at 0.09 which was broken today and the OHLC bars are registering lower lows for the past 3 days, waiting for a reversal if not then: 2- The 0.08 support if broken might bring us down to...
The Entire setup looks Bullish! Just a SL at 45! Anything below the 45 might take us down to 38.
This is a Synthetic reflation gap on April 24th.
* For the past 3 days Oil Bears got rejected for a downside below the $48:80 and It passed today but bounced back to above the $49 Area * March bounce was at exactly Fibonacci 50% (Weekly) * April bounce might be Fibonacci 61.80% (weekly) If you are a gungho juggernaut trader like myself, then give it a long with a SL of $48.20 If we succeed to take it up...
Hello, I will be short from here untill My stops pop above the 50:80! I won't even bother scalping, going for the big fish! If you see , EVER see CLK dropping below the 47! EVER ONCE IT DROPS to the 46 handle (46:50 - 45:50) BTFT! Start buying slowly Till then, GL!
I guess the supply glut is already priced in the market, a new build won't be a surprise for many traders, but what might be shocking a good draw! I will trade a 1 long round trip (possible entry at 48:19 or 48:15) with a SL of 20 ticks. If the US open takes this above the 48:40 you will see it climb close to the 49 handle (48:85) Possible exhaustion shorts to...
A possible drop to the 47:10 or 46:90 Today March 27 2017 1 Round trip deal to the lower 47's is possible. Test a second Long Round trip from the 46:80 or 46:90 if those targets are on your screen. If your hit your stop loss stop trading.
For the CLK17, my Stop/Loss has popped and I am currently having a different setup and plan that differ from the normal short term strategy! Just waiting for a drop to 46-45 handle! Look folks if you have a USD 10K Margin account and you trade daily based solely on just bars without indicators, You can easily hit those 20/30 ticks multiple times a day with daily...
Trade what you see! If the 47:70 is broken, then look for a 44 and 45 target, but with this consolidation in my chart I don't think it will happen. Trading is all about stop loss and money management , always make sure you have your stop loss, ALWAYS!
I am not looking for a confirmation bias, but I see a double bottom at 47.80!