A lot of major stocks are closing below the previous wich and leaving either a hangman or a doji on 6 month candles. Check out 6 month candles on NASDAQ:AAPL , NASDAQ:AMZN , NASDAQ:AMD , NYSE:DIS , NYSE:NIO , NASDAQ:TSLA , ASX:XRO . And NASDAQ:MSFT has drawn 10 6-month candles in a row, I've never seen 11. Also most of these have RSI in the 90's. Bear in...
The 2 monthly candle looks nasty looking shooting star on Tesla, and a lot of the major tech stocks don't look too hot either. If you consider TSLA a leading indicator for the entire market, then its looking like a bumpy year ahead. I follow the NZ50 and that seemed to show its first bearish signs in Jan. US markets seem to be topping recently. BTC I believe has...
A solid week of selling has resulted in a bearish engulfing pattern on the weekly - the first major red candle following the up trend closed lower than the previous week's wick. Similar to 2017 peak which had a more obvious engulfing pattern, this would signal a longer term down trend. If, like 2017, there may be a bounce play over the coming weeks, but trade cautiously.
Posting highs on the USD chart, but still not broken out of it's falling wedge, just a matter of time. Could be a big move.
LTCBTC looking beautiful on weekly time frames. I've noticed that price tends to go back to where the divergence started, if that's true then we could see 0.007.
After the 2017 highs there was a very profitable Alt season after it dipped. I'm watching the LINKBTC pairing as my indicator for an Alt season. If it breaks this obvious downtrend line then that will be my signal, and it looks like its preparing to. I've already packed my bags and cashed out my BTC profits so I'm good either way, but I have no reason to believe...
First candle that I can see that might signify a reversal on a decent time frame. There are sellers in the market indicated by the bearish divergence with RSI.
VGL set for a bounce here. But if support doesnt hold, 2.60 could be in play
Looks like the good run by Xero is over. Couple rejection wicks of 87. RSI turning into resistance. MAC D 2nd sell signal
Walton displaying such a beautiful Adam and Eve bottom, this is text book stuff
I like the look of the BTC chart. Its the first time it has broken out and restested what was the resistance line over the last couple of days. I'd be more confidant after a couple more days
BTC looks to have bounced off a long term trend line. This is just a personal observation that interested me
ICON has been in a large falling wedge since their Conference at the beginning of the year. There are several ICO's coming to the platform around April - July. Their main net should also be fully operational soon with a token swap scheduled. ICON has some of the strongest fundamentals in crypto and will be a good pick for this year.
BTC in a falling wedge. RSI is starting to break out. Potential inverse H&S forming. Weekly candles show either a doji or hammer (weekly hasn't closed yet, so undecided)