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BTC - price is still struggling to find local bottomThe current bearish vibe is still lingering around the crypto space. BTC is still making another lower low on the daily chart, and a potential bearish engulfing weekly candle is in the making. Although I am not trading solely on candle patterns, the fact that we have a giant red candle on the high time frame chart is kind of worrisome. Because of these, I am still maintaining my conservative strategy and leaning ~60% on the possibility that we have not yet bottomed. That said, this seems to be a reasonable price zone for long-term investors to start scaling in BTC in my humble opinion. As a trader, I am still waiting for a reversal signal before rejoining this market.
COINBASE:BTCUSD
by UnknownUnicorn13756681
7
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?
BITSTAMP:BTCUSDLong
by Sharona_vf
1
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
CME_MINI:ES1!Short
by UnknownUnicorn11430563
5
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.
Long
by CobraVanguard
25
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.
NYSE:GME
by Icemoney666
3