IMO huge support level here for BTC (~38k). If it breaks (with potential back test) it won’t be pretty. Declining volume over the past few weeks to is interesting with quick drop in prices. Backtest likely on support.
Enter price on high seller volume Entry: 0.0006 (support) TP1: 0.0005 TP2: 0.0004 TP3: 0.0003
Short term expanding wedge above larger expanding wedge. With high inflation data in US and possible interest rate rises, outlook and chart ripe for a short. Confirmation over next few days, depending on sell volumes/news/interest rates etc etc. DJI will likely retest and bounce/false breakout trend lines, be patient! Short term short: SL: 36670 Entry:...
LIS Energy Short, broken wedge SL 2.35 TP1 2.08 TP1 1.83
FLT channel, rising price/volume LONG SL 13.8 TP 20.5 (mid august)
7:1 risk/reward with long on XRPUSD due to sym triangle and weakening volume. watch price break out and test 3.00 Price action is bouncing nicely off 40EMA as well. TP 3.00 SL 1.2
XJO AUS200 rising resistance incoming - short or long possible If Daily bounces of resistence for 1-3 days, short, finishes above for 1-3 days, LONG!!!
XJO ASX200 will bounce off upper resistance and go lower
Could go either way with breakout either side of triangle.
BTCUSD will rise to test upper symmetric triangle. TP 39500
Wedge forming, confirmed breakout could result in long or short trade, pending upcoming announcements!!
The Dow is looking to break through 200 weekly moving average, however it is finding some resistance. With COVID-19 US outlook and extended lockdown, I believe that the Dow won't break this 200 moving average and will go down. Target will test last months low (~19000), will break through and go lower.
4H Sym Tri Forming. Follow trend direction of triangle breakout -> uptrend go long, downtrend short. I believe from RSI indicator, price will likely break bottom triangle, on a downtrend and go lower. Please no more Trump tweets. Remember your stops!!
COINBASE:BTCUSD If BTC daily price breaches lower tri, price will go up ( Long ) If BTC daily price breaches lower tri, price will go down ( Short ) Would love to know your thoughts?