Be Careful When Others Are GreedyBe Careful When Others Are Greedy
There are still too many who think we'll break $10,000 soon.
I think we'll see one more drop again after the correction, so the Bulls should finally be bearish again and be scared.
However, the current upmove could go to $9,700/9,600 before we see the drop in the $8,000 area.
After that, the long-awaited break out of $10,000 should come.
But it may take a few days until then.
Note: The targets may change over time, but I'll keep you posted.
Careful
BTC USD In the next couple of HoursDear CryptoCommunity,
Here is the analyse for the 22nd of March. I think the scenario 1 is more logic with a potential coming bullish flag. BUT like we can see the volume is normal (not Low) : I am still worry about the next acceleration that can be today ... or tomorrow morning because the volume still normal but the volatility is low... Divergences?! RSI?! Really be careful
Let me know if you have questions about target price I will answer to the all CC.
PS: You can also use my indicator : Daily_Crypto_Moriceau-indicator
Best
H.M
AKER - 1Day looks Safe, 4H says sell and rebuyWhen looking at AKER, it is clear that we have a bump due to some "well why the hell not" buyers that just has taken off since mid Feb. This may be one of the safer havens for the Feb, but going in to March, we may see some pullback from the gains just as investors are starting to feel "confident" in their purchases.
When looking at the 1 day, we see increases in trade volume, a sweet spot RVI, and the vortex is telling us everything is going to be okay. However, when we look at the 4H, we are seeing a rise in sales towards the end of the trading day, and it may be worth while setting a stop-loss and repurchasing during a possible upcoming correction.
This stock seems to be regaining grounds lost, however as most of the market is moving sideways, this will be a strong choice for sharks to be scalping earnings. It may be best to pay attention to the pre-market, the first 40 minutes of the day, and the last hour of the close, as well as the after-market trades.
ETHEREUM: ETHUSD In danger of forming a top - use a stopETHEREUM ETHUSD
In danger of forming a top and must hold 798-793 now to
avoid falling back to 770 at least and maybe 750 and 715 - but
so long as it can hold out and trade sideways off 798 it cannot
be sold off. Maybe use a stop here and if hit put buy orders in
lower down - that way maybe you get more Eth for your
money.
Kodak Blockchain ScamRecent discussions about Kodak's involvement in blockchain should caution investors. Kodak is riding off the cryptomarket's hype to increase their stock price. I have no mathematical basis for my predicted price decline, but we'll the time play out and see what happens. I would caution anyone thinking into buying stock into Kodak solely based on familiarity with the cryptocurrency BTC market.
Litecoin:LTCUSD Be careful if still long now:correction not overLITECOIN: LTCUSD Negative now due to Bicoin weakness
Things have taken a turn back into into negative territory for
Bitcoin and Litecoin has suffered as a result. What was fine
yesterday is now very vulnerable because of Bitcoin.
Bitcoin itself is very negative and should fall another 1000
points from here. But it's making a feeble counter rally right
now and Litecoin is moving on Bitcoin's back. Be very careful
now if long here. It's broken the medium term support - now
acting as resistance, a very negative sign and is
likely to come off again soon now. Under the line it's facing
real bear terrritory and will likely be forced back down to 50
once 75 gives way. Time to be flat right now or short with a
stop above 81 for small loss if wrong in near term
Ethereum Dollar: ETHUSD Carefiul Here!Ethereum/Dollar ETHUSD
Straining against resistance from the old hgh at 420. Be very
careful here. The range between the two blue lines is full of
whipsaw. Take Profits or short from the top, with stop above
the top blue line, looking for support again at the lower blue
line. Only go long again on a break above the top line,
supported by successful retest
Bitcoin: BTCUSD Next levels of interestBitcoin: BTCUSD
Still marvel in amazement at the classical way that this thing behaves...It is a text-book chart of the future for absolute
sure. How long can it go on ? Time will tell..no stops at 7830 and above have been touched, so we're still riding this
monster as she dives deep, and so far haven't been thrown off her back
There is minor support at 6445, then it starts to get more serious and may start whipping around more (so far, the
classic nature of this decline has been very kind to us...wasn't even that hard, though managing stops drives all traders
nuts.) Next potential support is the uptrend line from lows earlier in the year, and it could get a good bounce from here -
and there's a chance it could even be the low...don't think so but we need to keep an eye on it. The ideal low/target is still
6312 ...if this develops into a full blown selling climax we should see a spike to 6312 and then it regain the rising
support line at 6355 - depending how she blows, there is still a fair chance that we'll see 6165 touched, but each of the
support lines shown on the chart has the potential to create a rally up to the line above it as we reach lower levels. Got to
eat sometime. Good luck . And take a look at that parabola again...see how once it breaks below it the game is totally over ? Amazing
Bitcoin: BTCUSD Maybe running out of short term momentum, stopsBitcoin: BTCUSD
Don't like this pattern very much. That bloody trend line just won't quit ... running out of near term momentum potential.
Decision time: depending on what type of trader, day or swing or long-pull; Day-traders stick a stop right under it, around
7320...next stop at just under 7300 and final stop remains
under 7250 for now...it really needs a push now to clear that overhead line and if it doesn't come soon it will get sold off again
DXY before open - be careful hereDXY Dolar index
Low at 97.28 just 2 pips under the trigger - looks very bearish but concerned about getting sucked in before the open....need to be careful here as a chance of quick rally towards the upper parallel before coming off again. Whilst trapped under that parallel the Dollar will remain under pressure and will turn full-on bearish on a break below 97.30-97.28 after the open. Apologies. This should have been made clearer first time, not now. But for newer traders be wary of pre-market moves - we need to see volume for confirmation!
$AUD/USD Bearish RSI Divergence on 4 Hour Chart Today RBA Cut the the Key Interest Rate by 25 basis points From 1.75 to 1.5 as Consensus suggested.
The Australian Dollar rallied and now has formed a Bearish RSI Divergence on the 4 Hour chart after Hitting Important Resistance of 0.7620-30 looks Like it will pull back a bit at least to 0.7540 which also a important support and fib leve l before rallying again.
Short at 0.7620-10
Stoploss Close above 0.7640
Target 0.7540
Happy & Profitable Trading :)
Cheers!!!
FX:AUDUSD
EURGBP Potential reversalEURGBP could be facing a potential reversal, looking at all the signs. I have explained the crucial areas on the chart, but I will go over it in more detail.
On chart:
As we can see, the pair is closing in resistance at 0.8, which is working as a strong resistance, but due to it being a physiological level, but also because it has held multiple times throughout the charts timeperiod. However if the resistance is broken, then we have the TL from 2011 and Fibonacci 61.8 as the next two levels the price need to challenge. After that we have the TL from 2008, which is fairly strong.
The price is moving towards Fibonacci 61.8, which is a strong fibonacci level. Even though the price has broken fibonacci 50, it struggled a lot at this level.
The candle formed is an hanging man, which could be signaling a reversal.
Indicators:
RSI is close to where it was in January 2013, where the reversal from a new uptrend happened, continuing the longer term trend. RSI is also overbought, as well as struggling along the RSI resistance zone, where the price has reversed multiple times throughout the timeframe for this chart (1994-2016)
MACD is at the same level it was in March 2013, when it confirmed the continuation of the downtrend.
EMA 200 the price is struggling at this level, however if EMA 200 should be considered a strong resistance/support on this pair is up for question, as the pair tend to ignore the indicator.
Volume has been reduced significantly.
Position:
Entry 1, 0.7930
Entry 2, 0.7990
SL 0.82, above TL 2011
TP 0.7
Tips: Trail the stop loss, split up your planned position to reduce your risk. Increase as the pair moves in your direction.
MAJOR AUDUSD UPCOMING SUPPORTAUDUSD HAS BEEN FORMING A MONTH-LONG WEDGE, AS WELL AS A DOWNWARD PITCHFORK. AUDUSD IS ABOUT TO INTERACT WITH THE BOTTOM SUPPORT OF THE WEDGE, BOTTOM SUPPORT OF THE PITCHFORK, AS WELL AS HITTING A FIB LINE. IF BOUNCES, LONG, IF BREAKS ALL THREE SUPPORTS, MAJOR WEAKNESS SIGN.
CREDIT TO: ICETRADING FOR THE ORIGINAL PITCHFORK CONCEPT.