As we can see, bitcoin is in an ascending triange, this pattern means bulls are getting more momentum over resistance. resistance that's around 12k(ish) always use stops, manage your risk. Keep it simple.
As we can see since, may bitcoin is being squeezed in historical resistance level traced since the historical high. Bulls gaining power, pay attention at 10k level, we might be heading to a bull run later this year. Always use stops, manage your risks, take care.
Nasdaq 100 at historical high closed today with a Harami candlestick pattern, That's a potential reversal in market direction (at least for the next few days). It's possible to see a RSI divergence in this chart, a second indicator that markets can reverse this direction. Always use stops, take care.
A common indicator of reversion, the RSI the divergence between price and RSI. Another indication of reversion is the shooting star doji after a strong upwards movement. Take extra care, always use stops.
As we can see in chart. Shooting star doji which bears denied bulls in a gap zone, confirmed by strong bear candle. I won't sleep in my leveraged buy positions. Take extra care, Always use stop. sorry for spelling error at chart
SP500 touching important support.
Trading using RSI, MACD and Stoch, with some attention to support and resistance levels, Putting money where my mouth is.
Looks like a inversed H&S formed in 1h chart. If it breaks we might be heading to resistance at 7500~7600 zone.
I traced the supports and resistances, based in previous price action. In green the current supports. In red the current resistances. In Brown the trend line formed from 6k and 7.3k touch. The purple trend line. is the Trend formed since 19k and last 11.8k touch. This is not a call for buy/long or sell/short. Just levels to help planning your...
Since we touched the 11700 zone. Bears took over and made price drop with conviction to bellow 10k zone. The lower trend in orange is an old bull trend traced since mid 2017. In red are the resistances i was able to identify. In green the current support. In purple is the current bear trend traced since 19k to the recent 11.7k touch. Pay attention to this...
I wont be doing any calls for buy or sells. However this are the levels I noticed that had been useful for me. To make it easy, I made the support in green and resistances in red. I added a Purple bull trend which surprisingly got respected, this trend was traced from last bottom touch around 6000. May be it got combined with previous support at 9000~9200 zone.
I made it easier by putting supports in green and resistances in red. This TA is not a call for longs or shorts. But may be useful to identify price levels and optimize trades.
We passed 10k and surfed all the way up. Turning old resistance to support.
Important resistances and trends for the next hours or days to pay attention. The lines in green are the long term bearish lines, and the cyan thin lines are the short term trends. Major support at green zone and major resistance at red zone.
The trends in green are the major bearish trend lines, the trend in red is a minor bear trend. In blue are the trend identified in last 2 days. I made a green zone for the current support zone and a red zone for an important resistance. Thats my perspective on somethings that could be identified in last days moves.
Important resistance and support zones for next hours.
Pay attention to the levels in red for the next hours.