Crypto - Bitcoin Forecasting Using HUBIdea 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
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Heisenberg
EUR/USD 1-HOUR CHART BUYThis 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
VODACOM (VOD) DAILY TIMEFRAME LONGNever 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. You know how crazy people can be around round numbers. Also, the price is moving in a steady downtrend as depicted by the lower lows and lower highs and the descending trendline unmasks this. Price is now around the 12 000 key psychological area and the lower timeframes already show a rejection in the form of a bearish candle. I expect prices to continue going down. A fail-safe would be to wait for prices to approach the descending trendline and opening short position once clear signs are given.
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REMGRO (REM) 4-HOUR TIMEFRAME SHORTPrice 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.
OLD MUTUAL LIMITED (OMU) DAILY TIMEFRAME SHORTPrice 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 timeframe already shows two bearish candles that have formed indicating the presence (but not the dominance) of sellers. One of the two is actually engulfing previous bullish candles.
Here is my entry for this trade:
Entry: 2 300
Stop Loss: 2 400
Take-profit: 2 120
Risk-Reward: 1:1,80