2.5 Year Trend Compressed Till The End?Pretty neat to see price action respect that trend line established late May 2017...
We have definitely reached a pivotal moment in ZEC
Will we see new all time lows or multi thousand dollar Zcash?
They say that purple is a royal color....
Don't ask me I'm a peasant... for now ;)
Trend-analysis
GBPAUD Daily Analysis. GBPAUD Daily chart. Nice and simple set up here, we can see from the market bottoming out back in August a huge rally of over +11% and price now testing the ascending trendline once again. Price consolidating slightly atm. (expected during time of the year) Will be keeping an eye on this when market opens as in a favourable position for longs. If trendline is broke ive highlighted potential pull back zone. Stochastic is also indicating price entering oversold territory.
We are at the bottom!!! 400k BTC by October 2022. Macro TrendEverybody being bearish right now is just looking at the shorter timeframes. Yes, it's possible to go slightly lower, but the ultimate trendline suggests a drop below 6 to 6.3k BTC is impossible, if it drops below that, then Bitcoin is done for years to come, and the whales don't want that. The longs on Bitfinex that are mooning currently, suggest that there is one final dump to wash out the bulls, but do not be afraid just yet!
My chart is on the logarithmic scale, because Bitcoin's price is volatile and it makes sense to do that.
Now I have made a copy of the historic trendline and placed it at the all time high, which should also act as ultimate resistance. I drew a bunch of fibonacci's to suggest the next rally's points of contact where there will be a slight retracement. But it will be a multi-year rally like the one from 2015-2018. The timescale on my chart might be off, because that is something really hard to predict, but I suggest the market will follow similar bullish movement as the previous bullrun. The market cap will be over 7 trillion, and at that point it will be more than gold. This will cause gold's price to drop, as dumb money investors will sell their gold to gain a quick buck from Bitcoin's gains.
The trend line way back that was resistance, then caused the drop from 6k to 3k and that touched the new lower top at 14k(yellow line) is something to keep an eye on. The way I drew the price with a brush was expected to meet the top where that trend line and the imaginary ultimate support trendline meet, around October 2022. Then we will have a descending triangle like the previous bull run, and drop back to around 100k.
Share your thoughts.
If this plays out, which I am 90% certain of that it will - Hello people from the future! I hope you made some nice gains and enjoy~
Clear View of GBP USD. Welcome.
Hello there in my next price prediction and trend analysis.
As we see here is a very strong support level is near.
So this is my exception. We can wait until the trend will find strong support and after we can buy or wait again for breakout.
That's all that we need here for a successful trade.
Good luck & Have a nice day.
fxCROWN
Why I'm calling 6500 the Bottom Well more precisely i think 6200-6500 range, but we could be done!
What is the point of the correction? A correction is supposed to beat you down, and make you give up. Then when all hope is gone, price moves up.
First off the fear and greed index is at extreme fear levels, the rsi is resting at major support on larger time frames. We retested major support of 6500 from 2018.
5 wave overall structure where wave 1 resembles the length of 5. The correction's entrancement went just in between the .618 and the .50. That is ideal for a wave 2, wave 2 should always be a deep wave as it is fueled by sellers who don't are in denial of the upwards bull market trend. But mainly.... everyone, even most well known traders... are bearish, and I like that. What i am looking for now, is for price to stabilize, have a few bounces between the 11k range and 8k until year's end. Then we work towards welcoming the halving. Dont forget, everyone is freaking out and its still... still only November.
As the saying goes, the BEST time to buy is when there is blood in the streets. And there is a lot of blood right now.
Carry on,
Not a financial advice, just my analysis.
Moneygram shooting for the cloudsThis analysis shows you a representation of easy money in the market by jumping into the volume leaders. The stock is fundamentally solid because of its asset/debt ratio and it's had no stock splits. I use the 30 week moving average to buy the pullbacks. You can use the RSI alongside the MACD to get a better understanding of the momentum. You can see that the momentum is bottomed out. The S&P 500 is trending up alongside the SPGI. Good buying opportunity in MGI for profits above 100%.
Litecoin LONG analysis by using momentum indicators.I believe LTC will breakout along with BTC and it will cross the 30 week moving average at $85-100, then I believe that it will pull back and bounce on the 30 week moving average and push forward to around $175. Similar to what bitcoin has done on the 30 week moving average, broke through and started trading above the 30 week MA. Will it do it like my picture? Maybe not, the time frame could be longer or shorter. I'm just using the image as an example of what I think the next move will look like. You can see the momentum indicators MACD and RSI are bottomed out. The MACD is curving up towards the crossover and the RSI has dropped below its average, all that needs to happen is a swift jump in price and the RSI should cross the average, once that happens price should keep pushing up since the momentum is bottomed out. If volume comes in along with the RSI and MACD crossover, the move is pretty much guaranteed. In another positive note, the S&P 500 and the SPGI are also trending up so right now we just need the volume to come in. Have fun :D
XAU long term goalsBroke out of channel but didn't seem to be strong enough to hold it's own weight. (pa-dum-tsss)
First bearish 4h closure was a good enough signal for me to get in, knowing draw down would be light as if i were wrong my stops were slightly above the ReTrace of the LowerHigh.
A1 risk/reward.
TP1 immediately smashed with no concerns.
TP2 is awaiting a retest to the area of 1495/1496
TP3 will be a 100% retest to the last LL of this Ultimate Down Trend.
TP4 of course will be the final goal at the bottom of the channel.
This of course, is the over-all idea.
$AMTX - Trend Continuation In Flow Aemetis, Inc. operates as a renewable fuels and biochemicals company. The firm focuses on the acquisition, development, and commercialization of technologies that replace traditional petroleum-based products by the conversion of ethanol and biodiesel plants into biorefineries. It operates through the North America and India segments. The North America segment comprises of the Keyes Plant in California, the cellulosic ethanol facility in Riverbank, the cluster of biogas digesters on dairies near Keyes, the Goodland Plant, and the research and development facility in Minnesota. The India segment includes the Kakinada plant, administrative offices in Hyderabad, and holding companies in Nevada and Mauritius. Its products include glycerin, ethanol, food and feed, biodiesel, and edible oils. The company was founded by Eric Armstrong McAfee in 2005 and is headquartered in Cupertino, CA.
SHORT INTEREST
107.07K 09/30/19
P/E Current
-0.71
P/E Ratio (with extraordinary items)
-0.59
Average Recommendation: BUY
Average Target Price: 2.00
Nothing has changed! All eyes on trade meetings.Let me clear some things up: I am not a day trader. So, my charts are what I see from a swing trading perspective. I look for opportunities that might not play out today, tomorrow, or even next week. Rather, I look for opportunities that I think might play out anywhere from today to a month (or a little more) from now. Not long term, but short to mid-term... I'm a swing trader. Please keep that in mind when you view my charts.
As always, I appreciate each and every comment and follower! Good luck to all, and may we ALL profit!!
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