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EURUSD case study after fomc 2 day DROPPING - OVERBOUGHTI have been follow fomc event and after trade and it is very interesting of seeing how change it process each day but i will say that it is mostly ending up trend according to the slowly pace in this morning most likely move this is the highest high or if it higher I think it should not be more than 100 points the most as the previous high 1.19600 is the highest high OR if people are more crazy to buy more at overbought price it can be 1.19700 the max now, today you will see the drop whole way If you like my analysis please help to like and follow Thank you Enjoy trade
Short
by putdejudom
LTC BIG DROP NOW. What does this mean?!BTC and LTC seem to be acting differently in terms of Volume. I believe BTC is too expensive and not attractive to buyers and sellers. LTC and even VTC seem to be taking over for now. LTC should reach in the thousands at this rate because of its attractive price points. The yellow arrows are pointing out a pattern in which history has repeated itself however the last weeks major decline let into a 30's low. This is a smaller sideways decline in which I believe is why we should be near the bottom at around 45. (for now) The Red Arrows are pointing to the short dips The Green arrows are pointing at the short rally If LTC gets into the 30s I will update the chart but at this moment I see the big dump of September 21, 2017 nearly over. I am a whale investor and I have been investing for a very long time. I have purchased at exactly 45.5 which I felt was a good place to purchase this. I see this rebounding a lot and it could be 60 until it comes a bit down again. This is short term so i'll have to calculate the next move. (Oh and please give me reputation points. I can't get into the public chat without 50. If you enjoyed this hit the thumbs up it will help me out a lot) Thank you and happy trading!
BITSTAMP:LTCUSD
by CryptoFortune
15
Ether - Bitcoin - bubble (Correlation)The Ethereum blockchain has been released in 2015 and is therefore still very new to the vast majority of the public. However, sharp rises in value recently have caused more and more news stations to pick up on this topic, publishing more and more articles about it. The consequence was that many could in fact see that there is a huge potential behind this technology and the projects based on it, yet, did not really understand how it in its core works or more basic, what it actually represents. This caused what some would call "dumb money" to be invested into cryptocurrencies and other blockchain tokens, pushing their prices even higher and causing more people to invest in them in a wave of excitement about blockchains and their seemingly unlimited possibilities. On the other hand, the last few bubbles were not too far in the past and therefore everyone knew that it was a bubble. The reason they still invested was simply that they thought the bubble was still at its beginning and not about to burst yet. Everyone, especially the "dumb money", was thinking they were being smarter than everyone else and saw themselves as the "smart money" (no-one likes to be seen as dumb) and in order to be the "smart money" they had to be out before the bubble would burst. On Monday the 12th of June, immediately after the end of the Bancor ICO which raised ether worth roughly $153 million, this wave of excitement finally reached an end. Since, unfortunately, Bancor can neither use ether to pay any kind of employees nor use them to rent premises or something like that which leaves them no other choice than selling at least some parts of their ether holdings in order to ensure that they will be able to cover their expenses. The drop briefly broke the excitement and caused more people to sell their holdings, yet, the price mostly recovered after the news leaked out that the ICO raised about $153 million in just a few hours, recreating the believe that there is still more upside potential. Though, what the actual "smart money" realised at this point or already had realised before was that due to the increasing amount of money flowing into ICO's (e.g. EOS), even bigger amounts of ether will be sold at one time and, thus, after a certain amount of time, entirely breaking the current excitement and causing the bubble to finally burst. Additionally, almost simultaneously, there appeared some fake news about Ethereum's co-founders Vitalik Buterin, having died in a car accident, making prices drop even more. On Sunday the 17th of July, just after the price hitted its low at $137, it seemed for many investors low enough to get back in the game and buy some ether. Also, now that the bubble seems to be gone, investors are again considering ether as an investment with "guaranteed returns". However, all the news which created this abnormal excitement around the blockchain blockchain have been leaked now, meaning that there is nothing to get excited about anymore which is why we are still in a bear market with ethereum and other cryptocurrencies. As the chart above shows, there is a significant correlation between the current ether price chart and the bitcoin bubble in 2013/2014 which is only logical since the situations in both cases are quite similar: 1. A huge wave of news, causing more and more people to get excited. 2. Excitement breaks (no "new" news, "smart money getting out", ...) 3. Price is now low enough for investor to get back in. 4. No new excitement is created: slow depreciation in value. Trading: Since the price is likely to keep rising for the next couple of days, I suggest now to buy some ether and to set your take profit at the resistance level at $316.
KRAKEN:ETHUSD
by Lucas_Aschenbach
4
Welcome To The Dow Jones Industrial Double Top CircusWelcome to the double top, prepare for the drop! The DJIA achieved a double top and recorded a lower high than the record high on March 1, 2017. The next few days are crucial to see if the Dow can break through this ceiling. If it cannot, the drop could be to recent levels of support or the house of cards could completely crumble. The stochastic is nearing overbought already and due to come down. The vortex indicators are struggling for direction and neither one wants to break above 1. These indicators support indecision and a potential fall.
DJ:DJIShort
by StockSignaler
QCOM Treading Water For NowOn March 31, 2017 the Qualcomm Incorporated ( QCOM ) 100 day moving average (MA) crossed below its 200 day MA. Historically this has occurred 19 times and the stock drops at least 0.235%, with a median loss of 3.023% and maximum loss of 16.621 % over the next 10 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 50.3856. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is neutral. The true strength index (TSI) is currently -0.0481. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is neutral and has been floating there for almost two weeks. The negative vortex indicator (VI) is currently 1.1147. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending downward. The stochastic oscillator K value is 50.5088 and D value is 39.3695. This is a cyclical oscillator that is highly accurate can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock has been trending up but is currently neutral on direction which will not last long. Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall near-term stock direction appears to be indiscernible. Based on historical movement compared to current levels and the current position, the stock could drop 1.5% over the next two weeks. The minimum drop the last five times this MA crossover occurred was around 2%.
NASDAQ:QCOM
by StockSignaler
NEXT IMPORTANT DROP? - S&P500I find a possible similitary in two triangles. First triangle in July and August, second triangle is rigth now in process. First triangle was for 42 days and broke out and drop. Second triangle is in process. Will be a very soon break out in this triangle? I think that is possible. I count the number of days from deep drop (Oct 15, 2014) to the end of first triangle (August 24, 2015) there is 313 days. Then I divided 313 days/ 42 days = 7,4523 If the new triangle stay for 17 days before begin drop, then 17 days x 7.45 = 126.65 days June 27, 2016 + 126.65 days = OCTOBER 31, 2016 (Monday) (date of the deep point of next drop) If we divide the numbers of days between October 15, 2014 and August 24, 2015 we have: 313/126 = 2.48 If we divide the numbers of days between August 24, 2015 and June 27, 2016 we have: 308/126 = 2.44 Very similar proportion.
FX:SPX500
by VladimirMendoza
3