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Brokeresistance

BTC Breaks Downward Resistance from ATHIf we view the all time chart on three separate time frames - Monthly, Daily, 4H, we can see that we have broken ATH all the way up to the 3D chart. Weekly and Monthly confirmations coming soon I suspect. To expect Bitcoin to drop further below from this channel into the "Birth Channel", we could see it in 13k's. This channel has only existed in a period once prior, however - before institutional capital started flowing into Bitcoin. To see BTC price go yet even lower than the "Birth Channel" is to expect Bitcoin to drop to a price channel where the only people using it were supernerds, stoners, and their dealers. You tell me if that is reasonable or not. In my humble opinion: bottom is in, yall. This is not financial advice.
INDEX:BTCUSDLong
by D4NKM4CH1N3
1
ADA running HOT!Going long, selling at resistance then buying the pull back Cardano is eyeing the top 5 ranking in crypto!! Incredible gains ahead Expecting the bulls to stay in charge throughout July as we get closer to the "full" release of Shelley Fundamentals might leave (charting/analysis) in the dust because of the hype around this project but for now sticking to logic and the RSI Current RSI: 65 New support 0.09 New resistance 0.103 TP 0.10 Keep it simple, Stay profitable Like & Comment Thanks, happy trading KUCOIN:ADAUSDT
Long
by DefiBureau
7
Update "VET bull flag" I was about 2 days early on the price surge, no worries if you went long at .00875 the price traded sideways before breaking out, no losses. 14.67% gains if you went long. current price is at my TP in previous idea .0102. looking to hold support at the .010 level then consolidate possibly over the weekend set your stop loss with some breathing room below the .01 level (.0097) continueing long position with VET. Keep it simple, stay profitable Like & comment Thanks happy trading
Long
by DefiBureau
1
Corn Futures Breaking Year Long Resistance LevelI believe this is my first post about Corn Futures, so let's see how this goes! Daily charts so that corn futures are trading within a channel, with resistance being the 50 MA and the support line being the 200 MA and the price support level of 356. Corn Futures shot up today above both the 50 MA and the resistance portion of the channel in which they were trading. That price resistance level of 370 goes back into the start of 2016 and has carried with force except for last April when Corn Futures shot past it and ballooned up to 440. The reason I like using TA is that you can easily see the human nature of the markets. Being irrational beings, we influence markets without even thinking. Most of the TA that I do is based on the overlying assumption that it is a self fulfilling prophecy, where it matters only because other investors and traders think it matters. Regardless, there could be a play here. Am I suggesting that Corn Futures will rise into the 400s again? No. I have no idea where corn futures will go. I'm trying to give myself the best probability of being on the right side of the trend. The setup I would use to play this bullish trade would be to enter right above the 50 MA breakout. I would put my stop at 365.4, which is just below the 50 MA. To me, this makes sense because any move lower than that would discredit my bullish hypothesis. With the stop loss at 365.4 I would begin to take profits at the 390 level. This gives me a risk reward ratio of 3:1. All the best, RC
QLong
by BrandonBeylo