It is always funny to invert charts and see if you find the pattern compelling for a buy. If you find both the normal and inverted charts compelling, perhaps you shouldn't trade that day.
A little short never killed nobody Buying the level between 2-3 standard deviation
I think the chart is self explainable. Downtrend + Support level
I'm watching $SLV closely, and the price will likely drop from its current level to 22.450 in the coming days. #silver
Its almost to obvious, ~12K served as the interim bottom. It did not came as a surprise as it aligns with Fib. To reverse the bearish mood we need a higher high meaning a break above 13.8K. I don't believe that this will happen, but I due believe that bulls will test the downtrend line.
Last week I posted a "worst spot to but" trading idea with a neutral perspective and bearish sentiment. Today my view has changed. I'm now in a neutral perspective with a bullish sentiment. I'm still out of the market waiting, why? The 1D chart shows a significant breakout of a price range, remains within .96 regression! Until the breakout appeared, the price...
Price is still following the forecast. I guess we can expect a channel exit by Monday. "guess" is the keyword, no one knows.
Careful out there with new long positions. This pattern could very well reoccur.
BTC is yet to bleed the last 28% against gold before once again seeking out the upper range of the consolidation. Traders look to Wyckoff's theory to somewhat explain BTC/USD. Instead, one should look at BTC/GOLD and accept that this is the playground. I'm heavy Gold until we get close or hit 16.3 sharp. Then I will shift my allocations back towards BTC, ETH,...
Look at that pinbar and the two targets ahead. This is interesting.
Weekly trend i down, Daily trend is down Regression is down price is in the upper area of daily trend price is in the upper area of daily regression tp at latest lower low pivot 51.85
I don't think that US100 will be able to break the 21WMA band and therefore it will consolidate towards the bottom of the uptrend.
It is bullish for Bitcoin price if it manages to stay above 44500$. If that's not the case, then at least it should hold 42150$ not to form a lower low.
I find it hard to believe that #XRP will go below 1$ at this point, and very soon the uptrend and the price action will intersect.
breakout from pennant. 1/3 down.. now it needs to take out .4 and .428 before it can truly expand upwards.
If you are day trading, this would not be an ideal place to open a new long position, unless you dont care about a drop. High risk. Personally I would never consider to short Bitcoin either, I'm simple reducing risk by taking some profits.