Hello! You are looking at a 6 hour chart, here.
Starting out, we can see the 100 day moving average starting to ascend above the 14 day moving average, which indicates bearish momentum is building!
On the other hand, we can also see what appears to be a bullish pennant forming, which indicates bullish momentum to the upside.
As a disclaimer, I have not taken...
After a rounding bottom where it looked as though the bulls were forming a base, we now see a long bearish red candle hinting at the bears denying a bullish breakout. I wouldn't close positions here, but I would lighten up on longs. Follow me for more simple to understand expert analysis. Thank you for reading. Now get out there and trade! :)
With the recent news of Trump backing off of Tariff enforcement and his decision to not fire the FED chair, the the EURO waterfalls back down fast as the bears takeover! I'm holding off until I can find reliable support and looking at a price target around 1.26'ish.
Consolidation.
The EURO/USD consolidates over the recent news about tariff concerns. The EURO/USD is trading in a box range as you can see. I believe we are poised fo a bullish breakout! What do you think? Post comments below and thank you for reading.
Hello and welcome to a small series I thought I would start to help people understand market charts. Enjoy and leave me a comment about what you liked or didn't like. Thank you for your support!
------------------------------------------------------------------------------------------------------------------------------------------------------------------
Take a...
Elon Musk and Tudor Jones both came out talking bullish about BTC and it rallies up..... Come on people, we've seen this before, its called um.... oh yea, PUMP AND DUMP!!! (2 hour chart displayed)
Don't fall for the same tricks! Take a small amount of profit if it seems logical to do so depending on your position and buy the dips! Don't give in to the hype -...
Im publishing this as sort of a parody or something to laugh at.... I love it when anyone associated with the GOV starts talking about the economy in any way, because BTC always starts to rally! Thank you Mr. Powell! I appreciate the earnings! :)
On a serious note, I do find it so interesting how this seems to happen everytime anyone in our GOV opens their mouth...
This is the second COINBASE:BTCUSD chart I have uploaded on my account. Ironically, it is showing the same pattern as my first uploaded chart, which was a winner. ;)
As I mentioned in the last chart, because the Candlesticks are of Japanese origin, this is traditionally referred to as a " Fry Pan Bottom ", which is a great signal for an incoming bull rally. I...
On 2 hour charts, Bitcoin is building a base (rounding bottom). The Japanese call this a "Fry Pan Bottom". It is a good place to enter a trade as it presages a rally. Thank you for reading.
