The S&P looks scary... Time to short? Looks like a head and shoulder type structure confirming direction indicated by the fundamentals re: Fed looking to cut rates to control inflation.
It seems highly probable that we are going to revert to the mean of the linear trend. For a while there we jumped out of a linear trend into an unsustainable exponential growth function caused by the fed money party. Now that the fed money party is threatening to blow us all up (see crazy inflation) the fed is forced to claw back the stimulus money. This might...
Here looks like a great time to short BTC. It near the upper bound of the local trend starting to roll over signalling a fall.
If BTC bounces off the line between the tops, this is very bearish.
Retracement from top, found price stability with signal for upward move (with reverse head and shoulders pattern)
BTC SELLING OFF HARD... Get the hell out It is going to fall fast from here
My prediction is that BTC is now distributing and will move down to around 20k, quite rapidly.
I think that this here is a good spot for a long! Lets see if I am right....
There are so many reasons to go long on WBC here. Just a few: At this price WBC is massively undervalued. WBC just broke above its local trend. WBC pays huge dividends. Australia has beaten COVID-19. Get on it doggon it
BTCUSD is currently in an area of resistance, just oscillating. There is seriously not a lot of fun to be had trading in this current market if you are a trend follower taking short term trades. You will just get wrecked. The current weekly candle tells a story of almost balanced bull and bear power. The broader pattern still looks bearish.
My linear regression analysis suggests that this is a very nice short! Get on it.
Hey everyone, just a quick one. Anyone looking to go long here, not a good idea. Hold off until price consolidates around the 8000 level. That is when I would consider a trade.
This really looks like the BTC smart money are accumulating ready for a push up.
This rally looks weak... low volume, retraced back to the resistance level. I'm fading it back to the channel support level.
Not really much doing long or short. Thin liquidity, low volatility, low participation. Look for a bounce at 7745
I hope you are all on board! This played out EXACTLY as anticipated.
Hi everyone, with some artistic licence I can make out a bit of a short term cup and handle like pattern here which further confirms my bullishness www.investopedia.com