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BTC Daily outlook: Bullish flagHi guys. Have been going through my previous analysis and I have to get back my old channel into play. We are bouncing actually multiple times off of the top line of the channel we have ben moving in the last 9 months before braking out of it in late December. My point of view is that we will be bullish in the following month, and then to expect a great decline in March. Overall a great start of the year for BTC. Not financial advice. DYOR. Cheers!
BYBIT:BTCUSD.PLong
by ModesTr6d9r
3
BNGO bearish?I have the feeling that Bionano Genomics ($BNGO) is not bullish on the daily timeframe. We can see less volume and the MACD is about to cross down. But everything is possible! A great news ($ARK buying shares) can overturn the current market situation... What's your opinion on this? Your comments are welcome. ############## Take into account that fundamentals (news) supplement technical analysis. A trader does not use a crystal ball to predict the future (news and people's reactions). Additionally technical analysis is not an exact science. It involves a degree of subjectivity. Legal disclaimer: I am not a financial advisor. The advice here given is not a financial advice even though my excitement might make it look like such. This account shouldn't be followed by anyone expecting something from me. You trade at your own risk and nobody can guarantee you results. Even if someone could, I don't.
NASDAQ:BNGO
by ymarkets
1
USD/CHF Daily Chart Analysis: Current Market Breakdown and TLsIn this analysis we're taking on the Dollar-Swissy (USD/CHF) on a Daily basis. It's the same chart already posted but on a zoom-in and with all the clutter trimmed-down to the essential and deleted. If you give it a zoom-out and jump to the Monthly, you'll see the long-term fibonacci lines, with the 1 at 0.78710 (1 Jul '11 M candle close) and the 0 at 1.02884 (1 Nov '15 M candle close). Support and resistance (red & green) lines have been added 20 pips of difference above and below the two fibonacci levels currently serving as support and resistance. The current D candle's (29 Jan '21) High/Low have been projected into a blue rectangle for reference on upcoming price action. An orange structure has been drawn, with an upper resistance and a bullish trendline building up on it from below. As for trading, a long will be confirmed when the structure upper resistance is broken upwards from below, retested from above, then the fibonacci level resistance is broken as well and retested. Until then, no long position will have a higher probability rate. Aggressive traders may be interested in opening a position long at market open, with a stop loss just below the anchor point of the structure bullish trendline at 0.88497 (22 Jan '21 D candle close). As of now, the market seems to be providing to us an inverted head and shoulders on the Daily, which is worthy of notice for positioning, though caution is advised because an 'M' formation could easily get the price all the way down to the current support line at 0.87744. If you guys enjoyed this analysis, please give it a thumbs up and comment your ideas on the comments section below! :)
Long
by acsedward