Bitcoin about to make a run?Hi, so I took profit on nkla, yet still think theres more movement head but that might be till the end of next week I'll go look into it. With todays drop on the panic of apple news I bought the dip into NCLH and into litecoin. Why did i get into crypto now? Well its uncertain the ripples of what apple's news and the virus will do plus as you see later on the TA it looks like we might have support. Also congrads on who bought the dip on my last call. You could have got the full 10%, yet with the zones it was in between the 7-10% dump. Again TA is not always on point and can change in a moment of time.
TA as you can see we are building support around the 9288 range and it looks like a head and shoulders play that might be playing out.
-Points of interest to look for is 9563,9713, and the 10k range.
-the MACD look like it wants to go bullish
-RSI is oversold by a hair
Final thoughts
I'm looking for movement in litecoin's USD value and see that bitcoin has a potential run up soon, which would affect LTC usd value. NCLH was bought on the dip after a 7% drop, yet in my opinion NCLH is better than CCL. I'm again watching for more upside in NKLA, but I would like to chance opportunity where I see it.
Resitance
MTLBTC attempts to break a resistance 🦐MTLBTC attempts to break a resistance directly or after bounce on dynamic support trendline
According to Plancton strategy, we can set a nice order
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Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
LTOBTC resistance flips to support 🦐LTOBTC resistance flips to support, the price retested it.
According to Plancton strategy, we can set a nice order
–––––
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
NCLH trying to find the next moveAtm cruise lines are the talk of the hour and are the new SPCE stock to trade during this marketcrash, so puts, calls, buy the stock, or wait with cash? Its hard to say, but theres too much negativity in the news with the virus and doesn't look great.
News
CCL says they have an increase in customers for 2021, yet most of those customers are just trips that are being "refunded for 120%" with 20% as "extra perks," which is just them trying to hold the cash customers already spent.
WHO is getting funding cut due to them not reporting the cases correctly.
China is apparently getting the second wave atm, yet not much news on that.
Banks earning down, not surprising, yet they are getting stricter on loans for new houses. Less money to loan out.
Now TA on NCLH
ATM we are still in a downtrend and bump off of the 50ema
Support is at the 50ema atm with 11.42 as a trading support, which if broken we could see that low $10 trading range. With $8ish as a pretty good bottom.
Resitence is the downtrend line along with 12.84
Volume today has been dropping as we been going up slightly after opening in the red.
I stay short and believe we are going to go lower as theres is no confirm data of reopening due to the latest news on the WHO and CDC pushing for another 100days without sailing and could just close up for the rest of the year. Take profits where you can and wait it out due to the high volitility.
WAVESBTC | Consolidated and ready to break Fib 0.618 resistanceWAVESBTC price was pumped on 11th of March, however further Bitcoin dump brought the price back. The previous price increase was caused by fundamental and thus increasing demand on WAVES while dump was caused mostly by panic sell and manipulative BTC market price actions.
Technicals reveal that WAVES price action is accumulated and now entered new growth phase
It is a Black Friday for WAVES and we recommend to accumulate the coin before it breaks through Fib 0.618 resistance because further the market players will receive a great signal to buy until it reaches 50% retracement level
Entry zone, targets and stop loss are in the automatic premium signal
AMD not looking hot short termNow I decide to look into AMD just cause all of the developement they have been doing and was looking to see when I can get some good options on AMD.
Looking straight off the bat it doesn't look great. We have dropped below the 20 and 50 EMA with it going straight towards the 200EMA. Now to me it doesn't seem to bad, yet as many people noticed around 6pm central premarket has dropped over 1% and China and South Korea trying to recover over the virus which isn't that bad, but for AMD it will hurt.
Now without news related market movements its the MACD thats pretty concerning since it doesn't look like a cross over is happening anytime soon on the 30min or hourly, yet slightly bullish heading towards bearish on the Daily time frame. I would hold off and wait for premarket tomorrow and if its still dropping or choppy wait for the trades to settle in before making a call.
My targets I see is the hold the old trading range of 47.7-50.16 or 51.65 as a breather. I know brutal target, but my options when I get in would expire in June/July with a target of $60 calls if we drop, yet price target could be at $80.
EURJPY AB=CD at point C.AB=CD pattern is being painted by Price.
Weekly trend is bearish
Daily shows a strong bullish movemen which has retested the consolidation zone.
The price has not made it to the larger 61.8 level, finding a position in between.
From the one hour time frame there is a clean AB=CD retesting the previous structure. The trendline has been broken. There is also a Star formation (key reversal pattern)
I have not seen any divergence.
However a reward of 113 pips is possible.
Entry below the bearish candle stick would risk 8 pips if stop loss is placed around the structure level, or 40pips if at 61.8 level.
(1:2.8 & 1:7) depending if you are conservative or willing to take a tighter entry.
USDJPY Pure AB=CDPrice is currently following an ascending wedge.
The price is almost at the peak of the wedge.
Price has stalled at the 61.8 level from the last major swing.
I expect at least a short sell into the the wedge or, for more security, wait for price to break out of the wedge and use a smaller time frame for entry to reduce the risk.
EURUSD 1.1000 now resistanceThe euro has opened the new trading month under pressure against the US dollar after suffering its lowest weekly price close since May 2017. The psychological 1.1000 level is now former key support turned resistance, with 1.1026 level extended resistance. Below the 1.0960 level, the 1.0900 level is the most notable form of technical support for the EURUSD pair this week.
The EURUSD pair is heavily bearish while trading below the 1.1100 level, key support is found at the 1.0930 and 1.0900 levels.
If the EURUSD pair trades above the 1.1000 level, bulls may test back towards the 1.1015 and 1.1026 levels.
weekly market breakdown: DXY analysisAs expected last week candle closed as a bullish engulfing candle to reach the highlighted region area which is in confluence with 61.8% retracement line to form a right shoulder. However, price will be closely monitored around this region due to key fundamentals ahead this week, e.g fed rate talks on interest rates. Many investors are expecting dovish sentiment if that's the case price could rally to 96.00-95.00 key levels, however, if rates remained unchanged price could further show momentum to the yearly highs of 98.00 key area of resistance and institutional pressure.
Perfect Rejection Played Out ? What will happen now ?Hello Hoomans.
I'm making a part 2 of my TA because my previous call was perfectly on point, so i'm here to catch up with you guys.
As you can see on the daily charts both of the sticks got closed below the line showing a great resistance in the weekly and daily chart, and that was exactly wat i called on my previous TA (test of the 100MA weekly & 350 daily)
At this point i'm very confident it is topping out but i'm not leaving out any retests at this point, if bitcoin holds support at the 5350-5400 there is a big chance that may happen.
Please like & subscribe so i can keep making TA's & Positions
MY PREVIOUS CALL:
Bitcoin - Why 6K Will Not Be Reached ! 100 MA Weekly Resitance!Is the bear market over ? And what has to happen for BITCOIN to step into the bull market ?
Why is the 100 MA Weekly line the most important historical line for BITCOIN?
Because once bitcoin broke above it in 2015 it acted as support through out the whole bull market.
Once the big dip happened and it broke below you can see it acted as resitance multiple times and at that moment the so called 'Bear Market' started.
Right the line is very close and i don't think BITCOIN has the momentum and volume to break above it as it shows great signs of topping out.
Stop believing all the sheep traders saying it will crush 6K - 6.2K and maybe moon after because thats just to easy and bullshit.
Remember always if something in live seems to simple and easy it is most likely not going to happen.
Rising Wedge Formation NZD/JPY - 4HR Entry - Bearish ReversalI have been doing some technical analysis on NZD/JPY pair and as you can see a clear rising wedge formation is occuring. The blue lines are weekly trend and resistance areas. The Red line is the Daily Trend line and the entry would be taken on the 4hr. Wait for key price action we need to see a clear break of the trend line with an engulfing bearish candle so be patient. I will keep everyone posted about this.
Pull back Before Lift Off? $XAU $Gold $DXY $XAGGood Morning Traders,
Looks like Gold is approaching macro resistance at an algorithmic level (75% of range), which has a little too much confluence to ignore. It's rare that you see this much confluence on so many different levels, but when you do you see something of this nature its reasonable to anticipate a sharp reaction from it. Alongside that we are also approaching the date for an algorithmic shift to occur in the market place.
Furthermore this complies with what we are seeing in other markets such as the US Dollar TVC:DXY [/symbol and Gold's Little brother Silver as well. OANDA:XAGUSD
So we do definitely have the framework on an intra-market level for Gold to retrace lower.
Now in terms of a more immediate play, if I were making the market I would send price above market place as price is currently approaching an obvious resistance level and therefore a lot of retail traders would be looking to go short.
Now this doesn't need to happen of course but the odds are in our favor, personally I'm looking to catch the short on Silver OANDA:XAGUSD once it's ready and long Gold after we see a higher time frame swing low around our levels.
Drop a like if I provided value and should do these threads more often
Thank you for reading and have a great and profitable start to the week.
-TG
IOTA Drops Out of Channel, Wave 1&2 complete - On to wave 3IOTA fell out of its upward channel with a huge dip today of 15%. RSI is now oversold on the 4h, and has touched RSI resistance of 30. Bullish cross forming on the Stochastics RSI. Wave 1 has completed with this correction. We are seeing bullish signals now, looking as though wave 2 might have finished as well, but be careful as we have not seen an ABC correction on the way down. Either way, looking for wave 3 soon to take to new highs.
*My opinion - not financial advice *
APPLE, WHERE IS THIS STOCK HEADING TO?Well well well.
I was expecting the short on apple for some time now.
Could prices go even lower guys?
Not entirely sure, I believe that if prices exceed our support region at 164.00 we could hit our downside target of 156.00 .
After this we could perhaps go long up to highs of 172.00.
HOWEVER
Focusing on what's directly ahead of us, prices could go to lows of 160.00/156.00 with relative ease.
Let's stand back and see if prices will hit our TP!
TP: 160.00/156.00
NEXT EARNINGS REPORT: 30/April/2018.
OmiseGo Could Correct DownAfter finding the support at $5, OmiseGo went up to almost $30, resulting in a huge 445% growth in just over a month. Obviously, $30 psychological round number has acted as a strong resistance, which is also confirmed by the 261.8% Fibonacci retracement level.
While the $30 resistance is respected it is likely that OmiseGo will correct down towards either $20 or $17 support levels, that is 161.8% and 127.2% Fibonacci retracement levels. At the same time trend remains bullish and the resistance should be watched for a breakout where the uptrend might continue. Nevertheless, now it could prove to be risky buying OmiseGo as the resistance is holding.