Test
"FB" going to test ATHA pull back will initiate the ATH test run.
CP: 204.94
Expected pull back level : 197~
ATH: 218
Broken Support, short the retest.We have broken the bottom of our range (yellow line), I would now look to short the first test of the level (red line) and stop loss above the swing high (green line) and aiming for the next support line.
GBP/AUD - Overall Bullish SentimentThe trend lines depict the overall trading zone. I think GBP/AUD is in the perfect Buy position and that is just my opinion. As traders I also think it's important to build a community of like minded traders. Let's help each other out to success. I think the journey will be much more valuable . Good luck traders and let me know if you think I could do anything better. All is appreciated.
Note: Keep the analysis simple. It'll save you some time and energy . Just starting to realize that. If it doesn't make sense and you are spending too much time and you just feel it then check another pair out until you find something that makes sense. Other than that...
Good luck. Have fun. Take care of your Risk . Reap your Rewards .
Happy Trading Everyone.
MMM Begins Extreme Low TestMMM is at a previous yearly low. It rebounded with a gap, an early sign of a potential bottom. Traders who sell short should consider this a higher-risk trade at this time.
EURNZD, Waiting for test - We have Bearish Bias, The price cleared below the congestion zone and Range with Momentum.
- Waiting for test on the Bear trend line, Congestion Zone or EMA, so we can evaluate Setups.
$BAT/$BTC ATH breakout > retest$BAT/$BTC possibly has formed one large pennant, broken out, broken previous ATH, and is now retesting. IMO a break up would be extremely bullish and a break down would be bearish, but wouldn't be as severe as a break up
SPY Pullback Before Test of ATHFisher and very overbought CCI are indicating a pullback to occur within 2-3 days, probably to the 279-281 level where local support sits. Setting up some call credit spreads near ATH and looking to go long the dip.
BTC/USD - bear market overBTC/USD updated chart using fib channels. I can see that btc will be making an attempt to pass 4200, however, if it does not break out of the range at the same area as the green line (indicating the level of the cross) then the break will not happen. As I believe we will be test 4200 before we get to the cross area, I expect a 4200 test, then a small retrace before continuing upwards to target 1 and target 2.
Target 1: 4870
Target 2: 5930
Keep in mind these targets are for Coinbase so please remember to adjust accordingly.
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
Yellow line indicates t/p.
This is a log chart.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
BTC/USD (T) - 4200 test then retrace before continuing upwards?This is my prediction for Sunday through to the rest of the upcoming week. I expect a test of 4200 today (Sunday), then a retrace (starting the weekly/monthly with a dip), before continuing upwards.
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
Yellow line indicates t/p.
This is a log chart.
This is not financial advice.
familiar movement?i just write to note to history.
I don't think megabull could appear in 2019 as many analysts think.
Then can we see a familiar distraction tactic again?
p.s i think there is a bug with tradingview's scaling. when i publish "normal" scale the chart is going to empty space of dip. please set the chart scaling to AUTO
EOS “not truly decentralized", blockchain testing company says_____Please hit a like button in order to unlock full content_____
On the 1st of November, first blockchain testing company Whiteblock Inc, has conducted an independent benchmark testing of the EOS software. Results have shown that EOS can’t handle the number of transaction previously advertised. Previously, EOS blockchain explorers have show that network can handle more than 1200 transactions per second. Although Whiteblock’s study shows, that the actual number is only 250 transactions per second.
“The research results prove inaccuracy in performance claims, and concluded, that the foundation of the EOS system is built on a flawed model that is not truly decentralized.”
After stress testing EOS network, Whiteblock came to these conclusions:
Quote
* EOS is not a blockchain, rather a distributed homogeneous database management system, a clear distinction in that their transactions are not cryptographically validated.
* EOS token and RAM market is essentially a cloud service where the network provides promises for computational resources in a blackbox for users to access via credits. There is no mechanism for accountability due to the lack of transparency on what Block producers are able to create in terms of
computational power.
* EOS throughput is significantly lower than EOS initially claimed in marketing materials.
* EOS suffers from consensus failures and lacks Byzantine Fault Tolerance.
Unquote
The conducted test could have been a great disappointment for anyone involved in the EOS. However, it hasn’t reflected on the price negatively. In fact, since 1st of November EOS has been gaining value agains the USD.
After rejecting the uptrend trendline, back on the October 31, EOS has grown by 13%, while moving from $5 to $5.7, where it is currently trading. On its’ way up, EOS/USD broke above the $5.3 resistance level, confirmed by the 23.6% Fibonacci retracement and level where high trade volume has been recorded. Then, resistance became support and on the lower timeframe EOS started to produce higher highs and higher lows. Looking at the RSI oscilator, it rejected the support and then broke above the downtrend trendline. This could have been the bullish sing for the EOS, and if that is the case, price will continue rising. First resistance and the upside target to watch is located near $7 physiological resistance. This price goes in line with the 23.6% Fibonacci level as well as the downtrend trend line and the 200 Moving Average.
Bullish scenario:
The support at $5.3 will hold, pushing price up to $7 or higher.
Consolidation scenario:
Daily close will be below previously established high at $5.6.
Bearish scenario:
EOS daily close below $5.6, followed by the break below $5 and $4.7 support.
IMPORTANT LEVELS TO WATCH:
$7.0
$5.3
$5.0
$4.7
$4.0
Trump will save usBulls will be hoping for a straight bounce off the 200.
Bears will be riding the momentum down.
I do believe this is a test of the 200 . Shit can't climb forever.
Just short assets until things turn around
BTC Day trade #8New entry, TP, and SL
Day trade #8
Long
Daily results thus far: +5R (My actual results of trades I opened today: -1 R because I missed 2 profitable calls while out)
I am testing a strategy and will be posting All trades taken with it here.
This is data gathering and strategy may change. These are actual trades I am taking.
Testing has been positive so far, and now it is time to live test.
Provided for educational purposes only.
Weekly Statistics Prior to Sept 28:
Sept 21 - 27
R:R is 1:3 on all trades
Total trades taken 28
Trades closed at TP: 12
Strike rate 42.8%
Total R = 20
$TEST (FLUROTECH) - TEST, 4H : #1Probably messing something up here but this is why I keep making charts, UI practice, testing theories and gradually adding more data to each chart as I learn.
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I am trying to visualize the price action as if I were entering a position based on the data until I am confident enough to do it in the market.
DISCLAIMER: I AM PERSONALLY GOING LONG WITH DOGE BUT WANT TO TRACK/TAKE NOTE OF PRICE MOVEMENT IN DIFFERENT SCENARIOS, MORE THAN ANYTHING ELSE, WHILE LEARNING TO USE THE TOOLBOX + LEARNING TECHNICAL ANALYSIS .
These are just theories I am testing out to see what I need to adjust based on results.
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Leave me a comment if you see something I need to change, I'd appreciate it.
THIS IS NOT FINANCIAL ADVICE.
