NGas LONG and success AGAIN After the profit of the previous LONG trade it is advisable to trade this asset in the same way from this level: as long as the support area of the 2.70 $ holds, the trend remains lateral/bullish. The fundamentals elements are in favor of an uptrend as a new wave of cold is expected and this will influence stocks that will drop significantly. The target zone remains in the 3 / 3.06 $ area: an upward break will bring the price to around 3.30 $.
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Winter
SP500 short approach I see more and more similarities between
2008's crisis and today. The narrative is nearly the same.
On a smaller time frame we can see an ascending wedge almost breaking out.
I'm short at 2590, expecting 2400, then
I hope for a retracement to 2700 in 2-3months, and then full short :)
What are your thoughts ?
Brace yourself downtrend is coming!Dear crypto aficionados, friends, lovers, haters, longers and shorters,
the month of may has come, we were expecting the downtrend and here we are. It s like winter and already cooling all the bulls spirits.
Bears with their coat are much much stronger and are defeating the frozen bulls.
Now to the technical, we can see that BTC is still inside a very clear down channel, in the past days tried several times to break through without any luck.
The uptrend momentum has failed and now we are facing the downtrend conversion. RSI is now bearish and the MACD on the daily chart is overbought with a clear sell sign.
During may we will probably face a big down correction and we will find the stability by the begin of summer, expecting an healthy growth while everybody is in vacation.
So very probable a downtrend in the next hours.
Stay tuned and like, share comment if you enjoyed the TA.
*this is just my opinion I'm not a professional advisor! Make your choices wisely and manage your risks!
Waiting for the great escapeLest have a global look at the recent bitcoin adventure:
1) Bitcoin parabolic rush, each time with a greater angle of slope
2) Then reached the famous 20k$, and get trapped in a giant rising wedge
3) Beginning of the bearish time, with btc each time declining with lower angle of support (just broke this afternoon)
4) I see a strong support around 7500$
5) Winter will be long, so don't expect crazy moves until BTC recover around march/april I think
Stay in USDT or prepare some fresh cash for the next big 2018 waves ! This year will be huge for sure ! But first let's feed the bear while we train our bulls ! :D
Comments and opinions are most welcomed guys !
Bitcoin Xmas Glass Baubles, 5bill out just taken out of Market! check the market out now
falling harder than the coming blizzards hehe
if candles break into the blue area below and close then we can expect more downward action
bounces will be good buy ins but keep it tight, crazy prices may be over for this year and buying now, u could be stuck for a year!
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