ZLu

ZLu

We can just track the USDCNY to trade BTCCNY. We can see that they are strongly relative and BTCCNY is always following USDCNY.

ZLu

We have the red way as the most possible. The blue is the second. However, we would also expect the orange.

ZLu

The long-term downtrend is not changed but we expect the price to be pulled back to the main moving average level and then the downtrend may continue. The strong support, which is the previous low has been tested and the lower band of the channel has been touched and now the price is in the middle channel. By the trend indicators, we have that the short-term...

ZLu

Technical: We are in a technically bearish market right now. Different from 2008, the bearish market of crude oil just begins. From Monthly graph and Weekly graph, we have that both them are in the downtrend . When the price of NYMEX:CL1!0.48% goes down , we have that the volume goes up . It definitely means that the market is bearish . Fundamental: ...

ZLu

Red lines are for the support and green lines are for the resistance. Could consider long entry when the green line is actually broken out. Still consider short right now.

ZLu

The Head and Shoulders are almost confirmed. We have a double top on the right shoulders. Very simple but strong pattern. Aggressive traders can short right now and set the stop just higher than the previous high that is 2110. The first target would be around 1840 and the second target would be around 1600. Conservative traders can wait until the Head and...

ZLu Updated 

Similar to 2008 Jan-Apr and 2011 Aug-Nov. For those who do short-term trading, it may not be a good time to enter short right now.

ZLu

1. Head and Shoulders 2. Similar to Early 2008