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Overextended

POR short on overextended buying Reasons to enter: Weekly analysis: - Overextended buying, 4 relatively large candles in a row - Volume spike one the last green weekly candle (ending volume) Daily analysis: - Bearish spinning top followed by big bearish candle move down - Big nice void for the price moving down. No resistance at all - 2R target around the 50% retracement sweet spot. Intraday analysis: - Igniting bearish volume on the last 30 min candle - Today's move (4th feb) took out 3 low pivot points Reasons not to enter - Counter trend trade on both weekly and daily - Earning reports coming soon Conclusion: Still a good trade to enter. Though it is a counter trend trade, the price is very overextended after having 17 green bars in a row. Since there wasn't any resistance to be found going down to the target price, it should go down relatively fast before the earning reports date on 15 Feb
NYSE:PORShort
by zukedu
AUDJPY Short Term Bearish Analysis AussieJPY had a straight Bullish run for several days now, and on the daily it is now at past support that can become future resistance. if you take a look here at www.mataf.net and you pull up the Aussie Daily chart and you pull up the JPY Daily chart you will see that the Aussie is hitting a past support that can become future resistance and the the JPY is hitting a past resistance that can become future support so now when combined as the AUDJPY it becomes very strong that it has a good chance going down short term. Now in order to confirm the move to put some more odds in m favor I'm waiting for the hourly chart to break down from its most recent support level that it has formed then I will look to enter going for about 60 pips or so till the next level of resistance that can become future support... I hope this makes sense to you if yes let me know, and even if not tell me why you think differently tell me what you see that iam missing. Thank You!
Short
by ElyaStein
BTC Dominance Rising Wedge Theory Each trendline has three points of contact and are logarithmically getting closer together: rising wedge pattern. BTC Dominance beginning to look overextended (TD) and overbought (RSI) while testing resistance between 72-74%. This is far from a perfect rising wedge as it excludes the September 2018 head fake, but a theory worth considering. BTC.D closed above it's 200 Week MA (70.5%) for the first time ever last month. A close below could be fatal. Currently expecting a January 2020 "mini altseason" with full-blown altseason in Winter 2021.
CRYPTOCAP:BTC.DShort
by dragononcrypto
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