They're still quite inverse of each other, even after both were relatively flat for awhile, volatility returned, along with it the inverse relationship of the two, so from how things still look to this day, BNB is still a good hedge to btc imho. The green line is BNBBTC The red line is BTCUSD
RSI+ROC have not been this low since early 2015/late 2014 Forming reversal candles on the weekly chart SRSI and RSI+ROC are starting to curl up Horizontals marked are the S/R levels to watch for possible rejections and bounces Prices of each level are on the right side of the...
I am looking at $100 to $104 to re-buy at lower levels. Disney has been consolidating forever, maybe years whether it's ready for moon, or not, has yet to be determined. Either way, we should make a large move soon though, of which I plan ON capitalizing on it. ***PM me to join my free trading group where we discuss all of this in the open :D Just PM me...
We have some bearish divergence on the S&500 1D chart, so it's possible we could see a small to medium sized pull back on Monday. The purple route is the more bearish route while the blue route is less bearish, just filling the gap from Sep 19-20. I'm not really "bearish" on the stock market quite yet. I realize we are extremely overbought and I would advise...
Steem has come down to the bottom of the long term symmetrical triangle. This is a good area to watch for a bounce so for now I have taken no trade yet. I will udpate once we get a bounce and trade is active. Aggressive traders could enter here with a 15% stop loss, though I will personally wait for signs of a bounce off of this trendline. Steem also has some...
I went ahead and showed all the divergences on amazon over the past 8 months or so, they've all had effect from minimal to large effect, we have bearish divergence currently, so amzn will probably pull back to the bottom of the wedge at least. PM me if you would like to join my dicsord, where you can learn to trade and read charts and much much more.
Twittet has broken the uptrend line and retraced 50%, which is a fine place for it to end the retracement but the .618 level would be even better. Twitter does have decent support at this level down so I wouldn't be surprised to see a bounce soon.
NEO has bullish divergence on the daily time frame on multiple indicators. Neo also had a bullish engulfing candle yesterday with a long bottom wick indicating signs of reversal. The outlook for the short term for Neo is bullish. This area also has a rather large high volume node as well as the point of control, so this would be a nice spot for Neo to reverse...
Disney has been in a bullish pennant formation for awhile now. Price has been squeezing and is ready to make a large move. The Bollinger bands have been squeezing and we've been bouncing off the 50 level on the RSI each time, staying in bullish territory. We're about to get a bullish cross on the TSI which in my opinion would be a signal for another bull run for...
large engulfing candles on BAT in the past caused mad gains after
for fun, gonna check back in a few month or so and see how it's done
is what it is. measured move is to 295-310 which happens to be a major confluence zone for TSLA. PM me please if you would like to join my trading discord group :D From beginner to advanced alike, everyone is welcome.
The bullish scenario currently would be that we broke out of the large falling wedge we were in, and are now hooking back to re-test support before breaking out further. I would honestly be shocked if this happened but nonetheless it is a possibility still. The blue dotted line is the point of control, at $2,550, the level where the largest amount of volume was...
Bitcoin has loved these megaphone patterns lately. Currently breaking down from the larger megaphone pattern, after some hidden bearish divergence played out and a lot of leveraged longs were liquidated, most likely. BTC is hitting the .886 fib level and getting a temporary bounce, though I'm still bearish on BTC, thinking 6k will not hold and we'll drop do 5k.
I've been scalping twitter from top to bottom in this channel, though break out of either side of the channel would be stop loss or just ride it you're already trading that direction :D
2D timegrame BCH bullish divergence, should get TSI cross soon repeating fractal reaching prevous bottom, support soon double bottom potential let's go baby
Bullish divergence Falling wedge Right above confluence zone of previous support I would not be surprised to see a lot of stop losses line up right under 0.000255, and a some whales use them as liquidity before nuls can break up higher, therefore I'll wait for more confirmation before entering a position on nuls.
Will it cause a larger pullback? Last time it did from $10,000 to $6000 or so, time will only tell, let's check back in a month and see :D