Get started

Bleed

AMD has an interesting weekend and (possibly) week ahead. Wow, is all I can say about AMD. It has been a killer week filled with rallies and bleeds spawning from thin god-damned air. What has caught my attention, is this multi-day Head and Shoulders, picture perfect on the 1hr. We saw the usual bleed after right shoulder formulation which allowed us to see these clear supply and demand zones(consisting of a 4 hour supply, 1 hour supply, and a 1 hour demand), and AMD actually bounced off of 2 of 3 of these derived zones as seen in the photo. AMD continued to do AMD things for a bit after the H/S bleed. Now we see many hours candles touching this 109.87 range, 3 times to be exact. In my conclusion, we should see AMD hold between 109.87 to 115.39 (which is the end of the 1 hour red-highlighted supply zone) for the weekend, until institutional and retail investors have their hands on deck come Monday. Say AMD happens to fall below 109.97 resistance? Simple, I see AMD falling to 102.75 to enter that demand zone it had previously bounced off of and can make for a nice put setup. (ORANGE LINE) Say AMD happens to break that supply zone completely, what now? Well, one of our derived zones is still pure, untouched. We should see a push to 118.05 setting up for a nice call setup, which is the gate to the demand zone. Here would be an instance to set a rather conservative SL (if one hasn't been set already), this zone has yet to prove its validation and I would hate for someone to lose their money chancing a demand zone invalidation. (GREEN LINE) Let's make some money boys (or girls), peace.
NASDAQ:AMD
by arikncardenas
DGB can be had for CHEAPLove this coin, show massive potential. Pick it up when it's cheap. As you can see DGB has presented to us a massive head and shoulders pattern this is not to be ignored. There seems to be some support on the 200ma and on the respective fib retracement level. This however, will not last very long. With bitcoin and the market as a general having taking a beating, I only see alt coins bleed for the next few days. MACD and RSI both seem bearish although there is some semblance of support but not much. This bleeding will stop eventually but only after bitcoin shows us a reversal confirmation. Right now BTC is controlling the market and for the moment it seems there might be some upside potential, but we don't know for how long. BTC will probably go into a consolidation phase during which alts will bleed. Hold your BTC, get some more fiat buy cheap. DGB can be had for very very cheap. This is of course not financial advice and I am not a financial advisor. Best of luck and good trading X
Short
by dereckmezquita
14
IMPORTANT! Death Of BCH!!!Burn scamcoin!!! Coinbase should be a shame of themselves especially after being on CNBC over and over last week touting how professional they are and want to be the NASDAQ of cryptos. My message: In my humble opinioin "THIS WAS UNACCEPTABLE AND DOWNRIGHT CRIMINAL! In any regulated environment the SEC' would be at the door this morning! They lacked professionalism, preparedness, and were criminal using the market to profit from their foreknowledge (in my opinion). There needs to be an investigation period! This hurts the space as a whole; we expect it from others not from you! How the release should have been done. 1) The announcment should have been done on CNBC and several other news agency AHEAD OF TIME! 2) The first day or so there should have been NO TRADING with wallets only to be used for access into not out of! 3) The first day of trading should be monitored with circuits ready 4) Be prepared to act not react! Coinbase COO Asiff Hirji should be fired!
BITSTAMP:BCHUSD
by MrSmith007
7