EOS, HIBERNATE IS OVER?on weekly timeframes, eos shows bullish signs. can be seen at ma 20 which will break the weekly candle on this week.
if eos succeeds to forming a new candle above ma 20, the bullish is confirmed.
on smaller timeframes, at this time eos is in the support area with a positive macd and has passed a small resistance in the red line. the closest resistance is 2.9. if its breakout, eos will retest the resistance at 3.4
for long term, its good to buy some eos now. this sleeping giant just waiting a moment.
Bigmove
There is one thing which can change the way to up again...There is one thing which can change the way to up again, Ichimoko cloud(This old guy)
If I see a confirm support of ichimoko cloud I can say that bulls are still here.
But for now ... im telling you guys ... dont enter long ...
High divergence in rsi, descending signs in cmf trade strategy and etc ...
Im not gonna enter long in daily ... maybe in lower time frames such as 1H
I have to include this one ... we are living in a big range for now ... daily went to the range and macd confirmed that ...
So I can see a really big trend here ... which way ? Even god doesn't know that ... but im in short side ...(I will be a god if I say that right again :D)
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe
MORNING MARKET BREAKDOWN, XAUUSD,GBPJPY,USDCAD,EURNZD,GOLDXAUUSD,GBPJPY,GOLD,USDCAD,EURAUD, Make sure to wait for confirmations, of depletion of bearish pressure and bullish signs for BUYS! And for sells you want to see a depletion of bullish pressure and injection of bearish i.e a 30m bearish close to indicate your bias! Once you have your structural break.
Rising wedge formed AUDUSD is in a rising wedge and will fall soon. Price i in a resistance area and it will be really hard for bulls to break.
Wait before opening a sell trade a candlestick signal in H4 AND H1. possible targets:
0.6570
0.6400
STOP LOSS= OPEN , it will be updated later in prder to avoid fakeout which could trigger our stops.
Enjoy your trading.
ZAGG - MASSIVE GAP!! Accumulating for move up!!Just wow. I couldn't ask for much more. We need conformation but same time im scared it gaps monday honestly.
TVIX (Volatility) Says MOVE COMING!!!- Quadruple Momentum Divergence
- 0.618 Fib pullback
- Flagging/wedge structure
- 200 Day MA on Daily
- Possible Higher low?
Let me know your thoughts below... Follow for more soon!
Bulls aheadI see the reversal trend as braking out and Monday should be a large climb leading into a week of bulls to the 0.618 fib. The resistance line to break was set back on April 07. Breaking it today (May 8th) sets for a failure to double top. I believe the US played a big role in this current reversal, but the pattern, fib, and resistance lines still hold. I'm in for buy aiming for just shy of the 0.618 fib from the last down slide.
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SHORTING AUDJPYOverall market structure is to the down side with weekly market structure(White). Currently on a pullback to .618fib that can be seen with daily market structure(Magenta). Two possible scenarios to sell. Brake structure and retest at .5 fib(Orange) or form double top and shoot down(Light Blue). Target is -.618fib(Green).
The big move, BULL or BEAR!?!?Market daily update:
- As we reached the top channel (I prefer to look at it as descending broadening wedge) which we formed since the 14k, a lot of people yet again became extremely bullish,
but do remember that when there is too much Fomo price tends to go against everyone because they are being used as liquidity for the opposite price movement.
- On the other hand, we have a lot of sharp moves which support this micro trend:
• OBV keeps on supporting the move on all TFs and rising
• Volume keeps on rising (Still low though)
• We are above all important MAs such as the weekly e21, the daily e50 and e200 (And if we stay at current prices or go higher, we might see another golden cross happening).
• We are above daily cloud (And hit the weekly cloud barrier again, do notice this)
• We formed nice PA Bullish engulfing candle 2 days ago which might take its toll any moment.
• We have Adam and eve pattern on the daily as well which support this move up.
• All oscillators are a bit exhausted but the more time the have to rest the strong the push is going to be up which might tare down this channel which we are stuck in since 14k.
• The Monthly candle closed above the last monthly candle which is big news.
• And Sentimental score is getting better and better, we might pass the 50 any day now
• We had 6 green weekly candles, there was only 1 time when we had 7-8 green candles and this was when the bull run started after we reached 1200 for the first time and crushed,
and then on the 3rd time when we passed 1k we started the real bull run all the way to 20k – will this happen again?
- So where is the negative part? It depends how you look at it but:
• We are still just under the top channel since the 14k.
• We are still stuck on the weekly cloud
• Our weekly volume is still way too low – notice, this does not mean volume won’t come when things will get hot…
• RSI is very high on daily, and since we hit 10k in Feb, it never been that high
• Over 200m USDT were taken out of OKEX
• The false expectations hype for the upcoming halving (Which really should get into effect only in 5-7 months to start the bull run as history showed us)
• We had 6 green weekly candles, there was only 1 time when we had 7-8 green candles and this was when the bull run started after we reached 1200 for the first time and crushed,
and then on the 3rd time when we passed 1k we started the real bull run all the way to 20k – will this be the last green candle?
- In overall we had a very nice week, the fastest recovery I have ever seen from a crush, especially in maybe one of the biggest crisis we are experiencing this
century (Which don’t be mistaken in no way, it is far from over, we are in the panic stage which isn’t over yet, and there are 2 more stages to come, these are the overall stages:
"Stage1: panic and liquidity phase
stage2: Hope and correction phase
stage3: Insolvency, a brutal phase that changes everything, including the systems themselves" - this was quoted from Raoul Pal.
- There are so many reasons to go extremely bullish, and so many reasons to go extremely bearish here, take your bets on! most of it shows BULLISH!!!
But this can also be the reason why price might go against all expectation, I know I should go bullish and yet I can’t go against my own way of trading,
the bigger picture is to go against what most people are thinking, and also my bigger picture is still in a bearish trend, and right now?
We are right below all the possible big resistances… so will this midterm trend continue?
1. People should always go with the trend, the bigger picture trend is bearish, while the midterm trend is bullish, but since this midterm trend has so much support for it,
and since we are touching this upper channel since 14k for the 3rd time, it is smarter to continue with it, never go against the trend, so it really might be the real bull run which everyone expects it to be.
2. I personally prefer to continue with the big term trend until it blows away, as I usually say, I will turn bullish when we pass 10500 with all the supportive data, and if I miss out the blow up, then I will wait for it to drop and then enter in as well. I’m not in a hurry because anything that goes up, must also go down to hop in and continue riding up, I won’t be missing out the chance
GOLD 3 setups on the look out for!!so with gold now we have a few options i can share with you now going from current price then to data in the upcoming weeks or months now what's best here, i think at this current time is to wait and see what happens with gold and don't just trade for the sake of getting into a trade on gold get it wrong it can hurt so what's wrong with waiting for the next highest probability to play out and confirm the next trend with gold i have three setups on this chart going from valid to the highest probability can gold carry on its bullish run yes it could but looking at where gold is now and price action i cant see this breaking them higher levels but anything can happen in this industry stay open minded and let's wait now and see what happens next could be some big moves coming with gold!
Bitcoin Decision Point- Eminent On Daily, $5500? OR $8500?BTC has reached a critical juncture and I think we will likely see a big move here very soon. If we go down it will be pretty fast and if upwards we might take slightly longer but either move could be swift. Up could take us to $8500 -8880 and down could be $5000 -5500. I wouldn't really expect this to go sideways, thus making for a great play once it breaks out. A very safe long entry for me would be at $7600 and a short entry at $6700. In between could be consider a no trade zone for some with low risk tolerance. A tight stop loss should always be a consideration. Not a single word of this is financial or trading advice, nor should it be re-construed as such under any circumstance.