Hello Traders Two more months in the year, how time flies… Today’s chart update will be on TRXBTC, we have a potential daily trend change which is backed up with strong bull volume… Points to consider, - Trend is putting in new higher lows - Resistance at .236 Fibonacci retracement - Support held by EMA’s (EMA’s Bull Cross) - Stochastics trading in upper...
Hello Traders! Hope your all enjoying your weekend, Today’s update will be on ETHBTC, key levels to watch after this initial dump, will a bounce come to fruition or a continuation? Points to consider, - Trend broke out of falling wedge pattern on the macro timeframe - Support at .50 Fibonacci - Local resistance in confluence with local top - Stochastics in...
Hello Traders, Today’s chart update will be on MCOBTC, where we have had a potential Adam and EVE bottom from yearly lows. Price is now testing key support that needs to hold, however we are seeing bearish signs such as the bearish divergence.. Points to consider, - Trend is considered bullish with lower highs - Major Resistance broke, now support - Local...
The backup level has been tested again in Old Mutual. It seems that the markdown that we have been waiting for (see post below) could be set to start now.
The Top 40 has previously found support at the yearly pivot point. After a rally, there has been a rejection of the 200Day MA. Volume is decreasing on rallies and increasing on declines indicating the selling pressure. It does not seem that the 200Day MA will hold again.
Hello Traders! Volatility is back for Bitcoin! The bear flag came to fruition (chart in link below), Bitcoin is now currently testing a critical support zone which needs to hold otherwise lower lows are at play. The chart is somewhat also forming a potential falling wedge formation, which is a bullish pattern, are we probable to see a bounce from current...
We are in the markdown phase after redistribution as evaluated previously (see link below). Looking on the daily TF we now see that price has reached the overbought line and volume indicates a rejection of the trendline. Negative divergence on the volume RSI confirms the continuation of the downtrend.
It has taken some time for the current reaccumulation of complete (see post below). It seems that it is now complete and the markup can continue. There are signs of strength with volume behind it and negative divergence on the volume RSI.
Following the accumulation of RNI (see series of posts below) we have seen a backup and am now ready for the markup to continue. There is negative divergence on the volume RSI. Volume is increasing on advances and decreasing on declines indicating a readiness to advance. There is no volume at the bottom of the pullbacks which indicates that there is no supply left...
Following the advance (see link below) we have seen a backup and after the volume has spiked I am expecting the advance to continue.
PSG has been in a trading range (TR) since the end of 2015 that seems to be showing to be a distribution TR. We have seen a change of character with some significant declines and now after a retrace this could be a last point of supply (LPSY). We can potentially se a significant decline breaking below the TR to follow.
Still short from yesterday. Low volume overnight, looking like a dead kind of day to end the week. I am still looking on the short side for the market to rollover. The key to knowing this trade is wrong is if we start accepting above 3000.
Watching the accumulation range of Mediclinic (see analysis below). After a sign of strength (SOS) and backup (BU) on declining volume, we now see a significant bar with some volume indicating the breakout and markup is set to start.
We have been waiting for volume to indicate the markdown is set to continue (See link to the analysis below). After a significant bar with volume I am now expecting the markdown to continue.
Following the distribution of Peregrine (See link below), we have seen two stepping stone redistributions. In the current redistribution, we have seen an upthrust with some volume. Watching for a break of the trading range (TR) for the markdown to continue.
After a strong run and buying climax towards the end of 2017 EQU has been range-bound. This long trading range (TR) looks like a reaccumulation. After some initial signs of weakness in the TR we now see increased volume on the rallies and decreased volume on the declines. We also see higher highs and price pushing up against the 2200 level. A break of this level...
Brait has been in a long-term downtrend. After a substantial redistribution in 2018, the markdown continued in 2019 with a smaller redistribution also forming. Now we have seen another range forming that has broken the downward stride of the recent markdown. Some volume on the rallies and a spring-like action has made me biased that this is a small accumulation...
WITHIN NEXT 4 WEEKS VOLUME PRICE STEP (#VPS) WILL TEST OLD SUPPORT PRICE LEVEL