Descending triangle. Remember BTC at 6k? XRP Short zone: 31-34 cents Target profit: 10 cents
After the Trading View mods decided to give me a nice long 1 month break (because they know they love me too much), I am back. I am noticing a significant bearish divergence, with the addition of a bearish megaphone pattern. This pattern, I have been adjusting due to the wicks day by day due to the wicks and height of the upswings, but it is still very...
Expecting a breakdown to the 0.618 fib of this entire move, then another move to re-test the previous neckline of the head and shoulders, then a ride down to 1.11.
BTC seems to be approaching the critical zone of the 3.2-3.4k region. I have been very accurately calling these lower highs after lower highs through out this bearish period, and I believe a break of this structure will result in massive selling, which will probably not stop at 2.8k if this level is breached. I am still holding shorts from the 3700 level, but...
With strong economic data, and Italy now having entered a technical recession, I can see the DOLLAR ready to make a big move to the upside. The target is 96.5. Another reason for DXY to meet this target is due to a gap that hasn't been filled yet. The MACD has suggested that the last sell off has been exhausted, and the bullish impulse is ready to take...
Short zone: 1.30737 TP: 1.29
I am looking to buy USDJPY near the 0.382 fib pending confirmation. There is also a slight bull div. Watching to see how it develops if a further fall occurs. TP is 109.750
EURUSD has broken through resistance, but has not had a proper pull back to back test support. A pull back to 1.1369 is possibly on the way before breaking stronger resistance.
Selling has weakened at the 95.66 level. Expecting a corrective bounce from the 0.618 fib level before another possible downturn. First target is 96.
After I have been calling for a big downturn since the 4200 level (actually, since 8k, when perma-fools were saying 10k was imminent and the bottom has been seen), and called the recent hell candle from 4100 with laser precision, I have been getting a lot of hate because of perma-fools getting excited over 100$ liquidity spikes after a 200$ down move. We can...
Looking for a pop to 110.305 for USDJPY after this tightly coiled consolidation... Long from 109.749
Noticing a bear flag being formed. After a harsh rejection off key levels, I am expecting a continuation downwards. Nothing in this chart has told me that the mid-term trend is ready to reverse. Still eyeing a potential reaction at the 3.1 - 3.2k level.
Going long with a tight SL below critical support (dotted red line)
Previous upswing failed to breakout, and the 0.618 level was breached, meaning that a much more bearish move is to come. I am targeting around 3200 to even 3100 for the next downturn. Short level: 3700-3750 Target Profit: 3200 Stop Loss: 3850
We notice here a rejection off the 4200 level on Bitfinex, a rejection of the previous high (no higher high) and also a rejection of the bull flag pattern. I can see a double top forming and momentum dropping strongly to the bear side and a revisit to the mid 3k level. Short positions are down significantly compared to long position, so there is more incentive...
Noticing a new pattern being formed in the shape of an ascending triangle. I have went long on the 0.5 fib bounce. We also notice a compression on the MACD. My stop loss is now 3800. A re-test of 4.3k is at a probability of 56%
Found Resistance on a weekly pennant. Last support zone is its point of origin which is 0.