I'm a novice learning The Man's ways. My crayon drawing on this chart appears to be a close to a Stage 2 breakout. I think. Since ABCL is a yungun' I substituted the 150 for the 50. Anyone else have an opinion? XBI looks like a current leading sector. I still feel its early but I just do what the chart is telling me... or technically the book is telling me...
hi yes and does bear and bull exist or we have been lied all this time? maybe yall are just dumb xdddddddddddddddddddddddddddd
Hello. I set up 6 possible scenarios. Which do you think is most likely? 1 2 3 4 5 6 None of the options
Hey tradomaniacs, after Jerome Powells hawkish speech we`ve seen a turn today as US-DOLLAR got sold off. Headlines from Powell: 1️⃣ „We will react if inflation lasts longer than we expect..." 2️⃣ "Need price stability in order to achieve full employment and a decenteconomic growth." 3️⃣ "Increasing wages are generally good but could fuel inflation....
G'day peoples, I have recently been learning about technical analysis and am wondering what some more experienced people think of my current analysis of the chart and my prediction. What I'm seeing on the charts is the likelihood for BTC to grow about 3 percent in the next day or two shadowing what it did on the 21st to 22nd of dec from 20.00 to 4.00 on the hourly...
I have questions about perdicting an asset/commodity deflation event or crash below If you have time. Prices are through the roof right now making the entire investing world to seem speculative. I think the market is showing weakness and there may be a crash around the corner, I'm looking at patterns to see if there's any similarities between the build up to a...
Hey guys, As you know I have a lot of curiosity as to what Polygon is going to do in the near future, and I am a beginner (less than a year in), so I wanted to know if this would constitute as a downward Flag on the MATIC Chart this morning? If so, is the right strategy to see where the price breaks out of the flag as an indicator as whether the price will rise...
Should we expected price brake support and go down after that
So someone asked me if I believed bitcoin might go down .... Naaaah... not in a bearish trend ... It might fall a bit sure, but the trend still wants to go up .. What is happening imo... is a lack of momentum .. which makes this weird situation... which I do think is just a false breakout :) Bitcoin is overally when you look at the Stochastic Oscillator...
I am using ETH here because that is what I happened to be trading today, and I initially I drew some trend lines on November 16th, 2020 trying to get a feel for where we are at relative to the 2017 bull market cycle. At the time, it was pretty obvious what was about to happen. But I am not so sure what happens next... If historical patterns rule the world, then we...
Hey, I'm pretty fresh to trading and I have seen a fair amount of people publish or talk about an Ascending triangle(B) and ETH breaking out. I had thought it looked like a rising wedge(A) with a consistent middle sup/res, so the market was moving "normally" with a possible breakdown at the end. Is there something I'm missing or a reason why the Ascending...
So you decide, please comment if you think A or B is the most likely outcome! I’d love to know! Always expect the unexpected! :) happy weekend people :)
Please help me I know this might seem dumb but I am a new trader and want to know if this technical analysis holds up,. Is this a valid triangle?
What do you think? the wave (iv) is Going to be a Flat or Complex Correction or its the beginning of wave (V) ?
Current time - 10:09 NST - I've been working on getting serious about day trading. Spoken with a few about strategies and indicators. I've learned a lot throughout this short period, however one of the best ways I learn is through asking. Following my first penny stock $MREY. Initial Observations: -Level II indicating strong demand from the bid size -Spread...
Hey guys usually with a chart looking like this does it counts as a staggering/crawling indication or a correctional phase?