$GOLD miner ETF a break of descending bear
channel downtrend
suggests move higher to
overhead resistance at 29.00
Stochastics divergence on
recent low suggests $gold
minders ETF should
move higher
Stochasticsdivergence
BTCUSD TIMES TICKING! Hello Traders!
Late but an update on Bitcoin!
Times ticking break outs coming…
Points to consider
- Trend is technically putting in higher lows
- Bull impulses getting smaller, Breakout Imminent
- Volume rapidly declining
- RSI neutral
- Stochastics neutral
- EMA’s neutral
- Still no trade till breakout
Bitcoin really is on the verge of a breakout as all technical indicators are pointing towards a massive movie.
Price has technically being putting in higher lows coming into its apex in the macro chart formation. Volume noticeably has been declining, which further indicates a breakout is upon fruition.
Other indicators such as the RSI and Stochastics are quite neutral at current given time – calm before the storm scenario…
The EMA’s aren’t really giving price any support nor resistance, it’s simply trading sideways with Bitcoin…
A breakout is highly imminent before the 9th of October as this is the very end of the apex in this macro structural formation...
What are your thoughts? Will Bitcoin breakout bullish or bearish?
Please leave a like and comment
And remember,
When everything seems to be going against you, remember that the airplane takes off against the wind, not with it. – Henry Ford
EUR/USD Long Setup - Breakout of the channel on the H1 showing price structure being taken out and supporting this bullish sentiment.
- Bullish divergence on the H4 using stochastics implying the bearish momentum coming to a halt and that we are in the mist of seeing a reversal after testing the lows of 1.1450.
- Clear rejection of the weekly support level on the D1 with a long legged doji, almost a dragonfly, which we saw yesterday on the daily closure.
- Targeting just above the 1.1600 level to my H4 resistance level with around 115 pips to be gained with a 70 pips stop loss.
