Bitcoin break through downward trend?To analyse this we look at bitcoin's hourly chart. The price is now close against the falling black trend line. As long as this is not broken, the price will continue to fall. Furthermore, the pink line at $ 51,000 is now a strong resistance.
If we look at the RSI, there is a good chance that bitcoin will break through the falling trend line, because there is a divergence between the RSI and the bitcoin price. This means that the price is falling, but the RSI is rising. We have indicated this on the graph with the black lines. This divergence is often a prediction for a price increase.
Bitcoin has likely bottomed at $ 45,000 -->yellow line.
The black trend line now becomes very interesting to follow. Does bitcoin break through that? Then we can look further up. If not then the price will fall back.
Let me know what you think? Will it break through the black trend line? or not?
Bottom
USDCAD - Double BottomUSCAD has been in a descending wedge and is being squeezed. As we're anticipating CAD weakness, could this be the start of a a bullish run for USDCAD?
We could potentially be seeing a double bottom happening now. I would wait for a break of the wedge before considering longs. Until then, I'll be sitting on the sidelines as it would be wise to wait for confirmation than catch the tops and bottoms of a move.
As always, Trade Safe!
USDCAD - Double BottomUSCAD has been in a descending wedge and is being squeezed. As we're anticipating CAD weakness, could this be the start of a a bullish run for USDCAD?
We could potentially be seeing a double bottom happening now. I would wait for a break of the wedge before considering longs. Until then, I'll be sitting on the sidelines as it would be wise to wait for confirmation than catch the tops and bottoms of a move.
As always, Trade Safe!
Spx to 3800I believing we have a good set up for a drop to 3820.
We having opening wedge.
We have heads and shoulders which has price now break below
We have strong bear divergence on several indicators.
Rsi also form heads and shoulders on 4h and down below neck line
We have stimulating factor of bad job report for first time in some time.
3820 is strong support and pivots
Let’s see. It is hard to predict being on top or being bottom but I tend to be better at bottom
XLM/USDT can reach 4$ in long termHi every one
STELLAR / TETHERUS
XLM/USDT has formed a rounded bottom which means this instrument's projected price movement is upward and as high as the measured price movement !
note that this analysis is for long term
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck.
ETC/ETH close to popETC has been sleeping for the past 3 years, I had high hopes for it, and it made me sad many times. But now (*emotional*) looks like it's getting ready to skyrocket through the galaxy. It looks like we are just bouncing from the bottom. There is a bit of resistance between 0.00605 ~ 0.0066 Eth. But after that it's smooth sailing.
GameStop - classic bottom with overhype after. 𝙃𝙤𝙬 𝙃𝙚𝙙𝙜𝙚 𝙛𝙪𝙣𝙙 𝙘𝙝𝙚𝙖𝙩𝙚𝙙 𝙥𝙥𝙡 𝙬𝙝𝙞𝙡𝙚 𝙥𝙥𝙡 𝙩𝙝𝙞𝙣𝙠 𝙩𝙝𝙖𝙩 𝙩𝙝𝙚𝙮 𝙘𝙝𝙚𝙖𝙩 𝙝𝙚𝙙𝙜𝙚 𝙛𝙪𝙣𝙙..🤫
𝙒𝙝𝙖𝙩 𝙙𝙞𝙙 𝙬𝙚 𝙠𝙣𝙤𝙬 𝙖𝙗𝙤𝙪𝙩 GME 𝙥𝙪𝙢𝙥? 🤓
-GME YOLO update following the start of the Big Short Squeeze.... hedge fund... high short interest rate ...
It was on 15 Apr 2020. (I place a horizontal line on 01 Apr 2020).
𝙒𝙝𝙖𝙩 𝙙𝙤 𝙬𝙚 𝙨𝙚𝙚 𝙤𝙣 𝙩𝙝𝙚 𝙘𝙝𝙖𝙧𝙩?😎
We see 🚩𝙄𝙉𝙎𝘼𝙉𝙀 𝙃𝙐𝙂𝙀 volume in 3$ - 6$ range. From Jun 2019 to Apr 2020. I see here accumulation or "bottom" after price drop 45$>4$.
I don't see 𝙎𝙃𝙊𝙍𝙏 𝘼𝘾𝘾𝙐𝙈𝙐𝙇𝘼𝙏𝙄𝙊𝙉 on the chart as Reddit guys sad. Nobody SHORT stocks after 90% price drop - it's madness.
📃I see it like this:
1) Smart Money open short on 40$-45$.
2) Smart Money close short on 4$-16$.
3) Smart Money accumulates a Huge LONG position from Jun2019 to Apr2020 - almost 9 months. (buy on bottom).
4) On 15 Apr we have a post on Reddit and the price starts to rise.
5) Pump. Smart Money sell the position to ppl who HODL :)
6) DONE.
Demand Zone + Bullish PinbarFirst touch of demand zone, there has been a good buyer entry. If the price came back to zone, I'm looking at Buy entry at Bottom candle Low price, as the candle is Bullish Pinbar candle. And exit target is based on Fibo Musang (reverse Fibo Retracement), exit at TP2 = level 261.
Vaccine raceThe big stories in the new year, though, could come from vaccines that haven't made it to market yet. It's possible that the stocks of the companies developing these experimental vaccines will deliver tremendous gains over the next 12 months. Here are four coronavirus stocks that are especially poised to soar in 2021.
Of course, they are could be very volatile and uncertain because of the licencing. They are in phase 2 or 3.
Innovio(INO) a small-cap company. It maybe has found its bottom and their vaccine has an advantage in that the drug does not need to be frozen, also announced it entered into a collaborative agreement with Chinese company Advaccine Biopharmaceuticals Suzhou. Their vaccine(INO-4800) could be brought to market within Greater China. Inovio's stock could become a great buy if INO-4800 is successful and the Food and Drug Administration (FDA) approves the vaccine. But the problem is that's not a guarantee.
Altimmun(ALT) a small-cap company. Altimmun could regain the high of summer and something getting started. Their vaccine only requires a single dose. It can be stored at room temperature for extended periods.
Vaxart(VXRT) is a small-cap company. Found its bottom in a sideways consolidation and now something makes investor interested by the last day momentum. Their vaccine could be really cool because It's a single-dose tablet instead of an injection. That makes Vaxart's vaccine more convenient to take and to distribute and store.
Novavax(Nvax) is a mid-cap company. Novavax has a COVID-19/flu combo vaccine. It makes me interested in and I like the sideways consolidation last month or more. Now I waiting for an upward break and it could reach a high of 200 or more.
These forecasts were created to support you, but you have to make your trading decisions independently! Which one could be the winner or loser? Who knows? As nobody sees the future, I recommend you that always apply risk management during your trading and highly recommend the diversification!
$PRO TSXV Pershimex Resources CorpPerfect rounded bottom and cup in the making.
100% + gains to be made
Using WEEKLY EMA 20 to find the BOTTOMHistorically the weekly EMA 20 has proven itself to be a good place to buy bitcoin in bullruns. Will the WEEKLY EMA 20 serve us again in revealing the bottom?
Find out in the next episode of Bitcoin to the moon.
(Note: W EMA 20 will be around a price point of 20-25k)