Check my last 3 ideas on bitcoin which were 100% accurate.. Buyers were fooled by the idea that bitcoin was the safe haven for the stock market crash. Bitcoin was always a speculative currency instrument and a risky investment, this opinion remains the same. Right now bitcoin has broken through the strong support levels, I don't know the future of bitcoin no-one...
It has hit oversold twice, unlikely to hit it again soon. Please trade responsibly and good luck! ---------- Chart Drawings ---------- Blue Dotted Line: Broken Support Trendline Red Dotted Line: Broken Resistance Trendline Blue Solid Line: Support Trendline Red Solid Line: Resistance Trendline Blue Rectangle Box: Support Level Red Rectangle Box: Resistance...
Bitcoin has lost strength to break through the heavy resistance levels. I think bulls will attempt to retest the resistance levels again but bears may come crushing down next time.. The target for this strategy plan is the important support level around 6600. If you want to go aggressive SELL now or wait for the price to hit around 9500 for a better R:R...
Price has strong momentum breaking through the downtrend line however its reached heavy resistance levels and I believe it will retrace at least, best scenario aiming for a big profit over 800% return. Good luck and trade responsibly!
Price hits resistance level Indicators showing weakness Potential Coronavirus fears over the weekend news
Resistance, resistance, resistance... Trend, trend, trend...
Bitcoin has broken the primary resistance trend-line. So what now? My idea is the price will retest the major resistance levels. it could get there by either flying up (not falling below the broken red line) or dropping back towards the new important support trendline to pick up more buyers. I will report back on bitcoin for part 3 after a few days/weeks. Good luck!
Indicators showing weakness ahead of earnings, trade on the warning signs now. Please trade responsibly and good luck! ---------- Chart Drawings ---------- Blue Dotted Line: Broken Support Trendline Red Dotted Line: Broken Resistance Trendline Blue Solid Line: Support Trendline Red Solid Line: Resistance Trendline Blue Rectangle Box: Support Level Red...
EURUSD is failing to close under broken resistance trendline which may validate the resistance trendline break. Potential trend reversal opportunity here. RSI and MACD is holding up the bullish divergence. ---------- Chart Drawings ---------- Blue Dotted Line: Broken Support Trendline Red Dotted Line: Broken Resistance Trendline Blue Solid Line: Support...
ID: F139018448 Trade idea from our algorithmic system. ---------- Chart Drawings ---------- Blue Dotted Line: Broken Support Trendline Red Dotted Line: Broken Resistance Trendline Blue Solid Line: Support Trendline Red Solid Line: Resistance Trendline Blue Rectangle Box: Support Level Red Rectangle Box: Resistance Level Blue Arrow Line: Bullish Divergence Red...
Bitcoin! A lot of traders are obsessed with bitcoin, yet in my opinion it’s still a speculative currency and its manipulated. Sure, you could make a lot of money from it, but there are other less risky opportunities out there. Anyway, here is my take on bitcoin. Bitcoin has been trapped in a downtrend for a long time now. RSI and MACD is indicating there is...
SHORT - GBPJPY SL: 143.691 (Suggested by our algorithmic system) TP: 140.801 (Suggested by our algorithmic system) Reasons behind this idea: 1. Price is close to the long-term resistance trendline 2. Bearish divergence detected on the OBV indicator 3. Stochastic is overbought. CAUTION: Well, according to our algorithmic system this is a valid idea to go...
I don't recommend taking a trade days before earnings report unless you're sure what you're doing. In this case the buyers are stopping out the sellers at the 292.50 level, you can see the previous hammer candle and the more recent gap up. Does it mean anything though especially after the report comes out? LONG - COST SL: 290.58 (Suggested by our algorithmic...
Following the trend on solid stock. LONG - MLHR SL: 46.46 (Suggested by me) TP: 49.41 (Suggested by me) Reasons behind this idea: 1. HERMAN MILLER has been performing strong compared to the NASDAQ index 2. On balance volume has been growing strong, there is a lot of interest 3. Anticipating another gap up on earnings report but must also manage risk if it...
Up trend is broken and it looks like investers want to take profits home. SHORT - MLHR SL: 13.69 (Suggested by me) TP: 11.79 (Suggested by me) Please trade responsibly and good luck!
SHORT - WMT SL: 123.41 (Suggested by our algorithmic system) TP: 118.08 (Suggested by our algorithmic system) Reasons behind this idea: 1. Price reaching resistance zone 2. Accum/Dist indicator suggesting the stock is going into a distribution phase Trade idea from our mobile app: (Timestamp is in Australian Sydney Time UTC+7) Please trade responsibly...
LONG - USDCHF SL: 0.97666 (Suggested by our algorithmic system) TP: 0.99124 (Suggested by our algorithmic system) Reasons behind this idea: 1. Price on support trendline channel and soft support level 2. MACD and RSI bullish divergence Trade idea from our mobile app: (Timestamp is in Australian Sydney Time UTC+7) Please trade responsibly and good...