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Albrooks

First Resistance Got Broken in Bitcoin but Still Bearish !!!!Hello to the large community of traders, Related to my previous Bitcoin👇🏽 I expect this bearish momentum to be Bull Flag and yes this is what exactly happened. This Bear leg was just correction of our bullish impulsive leg. ( Falling Wedge = Bull Flag ) If you want more confirmation for bullish momentum, wait until bulls consolidate above 20 and 50 Moving Averages. So our first obstacle ( Dynamic Resistance ) now passed. Wait for BTC reaction to long term dynamic resistance. Remember that we are still in bearish momentum. If long term resistance got broken I expect $62,980 to be touched. **This is not an investment advice. Your capital might be at risk.** You can support me by donating coins. Give me your idea on comments... Good Luck...
Long
by amirthetrader
1
These patterns can make GE fly to the $13.90! 👀We are in a consolidation, and the 13.19 is a ceiling for GE, while the 12.94 is a floor. According to Al Brooks, 80% of the breakouts are going to be false, so we must be careful. The time to buy is near the support, but there’s a chance we’ll see a breakout from the 13.19. We have a possible advanced breakout in the 4h chart, and if confirmed, this can make GE fly and close the gap around 13.90. This is something that favor the buyers, but again, let’s wait for the confirmation on the price action! Also, the 20ma is right there above us, so, we must see a good breakout as soon as possible. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:GE
by UnknownUnicorn21312077
Major Trend Reversal based on Al Brooks theory; 40% probability.Subjective analysis based on the Al Brooks method. We have a broad bullish channel, and within that channel we have an upward and downward trend. If the context continues in the same way (it will probably continue until the market cycle changes) it is possible to imagine a new bearish leg that sets up a new bearish trend within the broad bullish channel illustrated. In addition, a major trend reversal sequence (from high to low) was noted in a region of resistance of the bullish broad channel + high climate bar in the region of resistance. According to the theory, we will have a 40% chance of reaching a 2 to 1 target, however, in my opinion we have a little more probability, I would say more than 60% of reaching the first target, due to the macro context in which the broad channel discharge is inserted.
Short
by igrode
Trading RangesWhen price is captured between a ceiling and a roof, its better to BLSH. what does BLSH means? It means Buy low, Sell high. when price reaches the top of trading range, you can bet that it goes down. You might say "why? Isn't that at some point it will break out of this range and start to trend?" I will say to you yes, BUT most of attempts to break out will fail. You can see in chart that how many times EURCAD tried to break out of her prison, but it couldn't do it. So, if you see price reaches top of trading range AND you have right signal you can short. Here in 22nd of December you had you signal. in that day price tried to reach higher but it did reverse and came back, the long tail on top of the candle says that to us.
Short
by Trading-with-Ali
XBTUSD daily chart price aciton, heading to 12313.I am sorry that I posted the wrong chart in my last post. Here is the right one. I am a long vacation in New Zealand, so I can't write my thoughts on time... I am still holding my cryptocurrency. I bought some bitcoins 1.53% at 9289 in huobi.pro. As you can see the analyse in the chart, bulls are taking control. They tested the apex of the big triangle and found support at the breakout point. Bears are waiting for market to get higher. Then we'll see what the market should do. Well, New Zealand is a very beautiful place! Peaceful and comfortable.
BITMEX:XBTUSD.PLong
by BPAtrader