Idea for Bitcoin: - Using Heisenberg's Uncertainty Bands to forecast Bitcoin's weekly price movements. - Downtrend will continue, but it is possible that a test of the top of the uncertainty range will occur before the next sell-off. GLHF, DPT Disclaimer: We absolutely do not provide financial advice in any shape or form. We do not recommend investing based...
This pair seems to be breaking out of a bullish continuation pattern. Keep risk small since later on today we will have the Non-farm Payroll report and also because of the US election. May the best man win!!! Check out my latest report on the case for diversification and the US Eection here: wp.me
Never has there been so many multiple confluences on a single chart as this one. Firstly, price formed a head and shoulders pattern on the weekly chart, and tumbled down after the completion of the right shoulder and breach of the price below the the neckline. Secondly, prices have managed to stay under the neckline, which was a key psychological level at 14 000....
Price is currently moving in a steady downtrend, whilst also making higher lows, characteristic of a symmetrical triangle pattern. Prices broke out of a bear flag pattern and we can expect further continuation to the downside. Traders can possibly scale in after a corrective move. The target will be the trendline posing as a support.
Price is moving in a range on the daily timeframe, with the support level at 2 120 and a resistance level at 2 370. Though it is possible that price may move further up to close the massive gap on this stock, it is my belief that prices are going to continue further down due to a cluster of orders that are sitting at or above the resistance level. The daily...