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Technical-analysis

DOW JONES / +20% potential move if this year ends ATH greenThis is a 6 month chart of the US30 (DOW JONES). We are in an uptrend for the last decades and if this year closes at an all time high or really close to the all time high, we are really likely to see bullish continuation. At the end of last year we saw global stock markets go down resulting in an retracement. This year has had it's ups and downs but the last months we are going up again and breaking the highs of the last quarter of 2018, which brings the market in another potential bullish move. In the first 6 months of the year price closed really bullish which was a great first sign of a new move up. Then, price started to get down to the 25000 area and test it there, reject and move all the way up again. This means we have first a decent breakout candle of the first half of the year, then a rejection currently breaking all time highs which means it makes the 25000 area even stronger as a support. With some political events such as the trade deal between the US and China december wont' be a really silent month so let's see what happens with the last month of this year. I will keep this scenario updated. Happy trading everyone!
FX:US30Long
by VanSteenMarketResearch
Weight Watchers about to gain some weight :DAlright, now that I got the corny title out of the way we can talk about why this stock will do well. This recent drop was huge and the trend is getting close to the 30 week moving average at around $27, it's been trading above the 30 week MA so at this point buying the pullbacks to the 30 week makes sense. The S&P 500 is trending up from the recent break out and that will be the main reason why this would go up. Today volume came in on that big drop and you can see it if you zoom into the 1hr chart, trade this on the weekly just look at the volume for reference on the 1hr. Could it drop a little further? Possibly, but i'd trade this by buying it here and buying more on the way to $27 if it were to continue dropping. The RSI is centered out and the MACD seems to have a way to go so the stock has momentum for what I believe might be 2 big moves to $45 and $65. Let me know what you guys think and feel free to post your ideas!
NASDAQ:WWLong
by eneakume
Is Bitcoin going on New Year's holidays?Bitcoin continues to decline. Its support level in the area of $ 7,200 - $ 7,400, which also coincided with the Fibonacci level of 0.618, could not restrain sellers, and the price rushed lower. Now the price has fixed below the support zone of $ 7,200 - $ 7,400, which tells us that really interested buyers haven`t yet appeared in the market — if they had, they would begin to move the price up. . Technically, we trade under the support level, 20EMA and 50EMA crossed 200EMA, all indicators are in the downtrend, so far everything doesn't look extremely optimistic for bitcoin. The next potentially interesting for purchases is in the area $ 5,500 - $ 6,000, where there is a large concentration of stops -orders, which the market makers are likely to follow. Now a slight correction of the price for a mirror-level retest of $ 7,400 is possible, if the price fails to break higher and gain a foothold over it, a further decrease is expected to below the esignated area of about $ 6,000.
BITFINEX:BTCUSD
by Neironix
Fundamental and technical condition of bitcoin.The price of bitcoin after a long systematic downwards decline over the past day has fallen sharply by $ 700 (-8%). The fall is due to the negative fundamental background and the weakness of buyers who have not stepped up in the support area of $ 8,200 - $ 8,400. . The fundamental causes of the fall: - “The surrender of miners” on the eve of halving: bitcoin miners are actively draining their income; - In China, there is again a kind of “cooling” of sentiment regarding cryptocurrencies; - Throwing negative news about a police raid on the Binance cryptocurrency exchange office in Shanghai. . Technically: The price amid weak buyers and a negative fundamental background came close to a strong support level in the area of $ 7,400 - $ 7,600 again, which, in its turn, coincides with the Fibonacci level of 0.618 that locally strengthens this area and increases the likelihood of a price rebound, which may provoke further upward price movement, thereby forming the figure of the technical analysis named the "double bottom". The RSI indicator began to enter the oversold zone, which also plays into the hands of buyers, but does not guarantee a 100% increase in current prices. . The $ 7,400 - $ 7,600 zone is currently the key to the further movement of bitcoin price, and the cryptocurrency market as a whole, as if they continue to aggressively push bitcoin down, all other altcoins will follow. If sellers manage to push this level and gain a foothold under it, we`ll have every chance to continue the downtrend, down to the area of $ 5,400 - $ 6,000, where we expect the next zone of potential buyers, which also acts as a zone of accumulation of stop orders for traders trading on increase, and these orders are potential fuel for the future global rise in the price of bitcoin.
BITFINEX:BTCUSD
by Neironix
1
Temporary correction or New Year rally?Bitcoin continues to gradually descend in a formed downward wedge. In the classical understanding of technical analysis, this wedge should be broken up, but now every second trader sees this figure on the chart — because of this, it`s not a fact that everything will happen as simple as most people expect. . Technically, we trade under the Fibonacci level 0.618, and under the 50% margin requirements level. Below, we have another tasty zone for the market maker, it is a 100% margin requirements zone, which almost coincides with the next Fibonacci level 0.786 ($ 8,000 - $ 8,200). The RSI index has already seen a long formation of bullish divergence, which increases the likelihood of a quick upward movement, but it is possible that it will be realized through a sharp downward movement, with a quick return of the price. . We expect at least a corrective upward movement, either from current prices of $ 8,400 / $ 8,500, or after another descent down, from $ 8,100 / $ 8,200. If these levels do not deter aggressive sellers, then we have a risk of moving further down to the $ 6,000 area, but for now, we are adhering to a positive scenario with a corrective upward movement, after which we will see cryptocurrency market further mood.
BITSTAMP:BTCUSD
by Neironix
Herbalife, back in the trash where it belongsThe company has received growth from the hopeful and ignorant in the last few decades. The business model is an example of what's wrong with our society. Finally, my indicators are pointing towards a short and I have been waiting for this for a long time. This crossed over on the 30week which is normally bullish for me but the 30 week has not started curving up. If you look at good stocks, you can see they cross over and then the average curves up with price .It had a stock split, seems like this is a timebomb over stocks that have actual fundamental potential. The macd and RSI are pointing this stock up though because they are starting to get centered out...watch it very carefully. If volume does not come in and this continues to drop, crossing the 30 week, its going to take a shit. If volume comes in and price goes up, the trash will continue to get carried up for a while longer. Thanks for reading, let me know what you think.
NYSE:HLFShort
by eneakume
Gold to 1775Gold has been going sideways for 6 years and it recently broke through the trend. Normally I trade the 30 week moving average and you can see from this chart that it crossed the 30 week in November of 2018 and the pullbacks started bouncing on the 30 week moving average. Afterwards it broke trend at 1375 and had that recent rally up to around 1550. Gold is not the only commodity which is going up. You can see that bitcoin also had that huge move up from 3k to 14k recently. With the rise of the S&P 500 and the recent breakout in trend of the S&P 500 and the trend analysis of gold, I can say that the next move in commodities is going to be towards the upside. Now let me talk about short term a little bit.It's possible that there is a pullback to 1420(if it bounces on the 30 week MA), you can see that the RSI and the MACD are somewhat progressed, the RSI could just keep going up but it's not bottomed out by any means. In this scenario, buying the pullback would make sense.
FX:XAUUSDLong
by eneakume
BTCUSD big moves for bigger movesIt has been a while since my last TA, because I've been quite busy with my indicators. But most of all, my opinions hasn't changed. In the meanwhile BTCUSD is actually sort of confirming my last TA. I still believe BTCUSD is forming a massive symmetrical triangle caused by the last 2 parabolic runs of 2017 and 2019. I believe the next parabolic bull run will start just before the BTC halving, next year!. Besides that, the next financial crisis is just around the corner. Otherwise it's all just a coincidence and BTC will break out to the upside a lot sooner than to be expected. Hopefully I am not mistaken though. Who wouldn't love to accumulate more BTC at the $4700 region, before the next parabolic bull run? I've drawn out the past and current prediction triangles, as you can see in the price action chart. The falling wedges are forming quite frighteningly similar. My crypto senses are telling me, crazy volatility is incoming. Here is a summary of which in my opinion the current prominent patterns are: Short-term: Rising broadening channel or a neck & shoulder. (bearish), keeps testing the support line for the time being. Otherwise it breaks out to the upside, testing the current falling wedge's resistance. Mid-term: Falling wedge and later descending broadening channel/reverse neck & shoulder (all bullish), I reckon it's currently just testing and confirming the resistance of this falling wedge, if next monthly candle closes(21st of October.) approximately at the golden retrace($7200 region) and the bears gets reject, then we might see a confirmation of the resistance which is also the 0.5 fib level. If it does break to the upside, I reckon it will be just a deviation in the daily and shorter time frames and gets rejected at the 0.382 fib. level. Conforming the falling wedge has turned into a descending broadening channel, heading back towards the higher low region of the symmetrical triangle or the lower low of the forming descending broadening channel or perhaps even a reversed neck & shoulder pattern, will obviously have to wait for the bulls & bears before confirming this. Long-term: Symmetrical triangle (bullish on steroids). Well this part, is the end game. We'll have to wait until the higher low gets confirmed around the $4700 region. We'll know approximately 9th of march 2020. But as you can see, there is only one way this can happen. Advice: Always look at the charts first before taking any considerations of what you hear on the news or whatsoever. The markets never lies, but people do... Dashed lines are extrapolation and possible break out targets or price action trajectory. To be concluded...
BITSTAMP:BTCUSD
by bonic
2
OIL: H4, Ichimoku technical analysis As sketched on the graph, tenkan, kijun and senkou boxes mutually overlay meaning a possible strong resistance. Moreover, tenkan hit highest since beginning of the month. The next session will be important to determine what will happen next with prices from a technical view. if the prices increase and break the boxes by an important candle, then they will rise up to the target, the first red line, then the second when all indicators break senkou span B. However, after such a burst, prices will probably wait for the tenkan to join and support them to go higher. If the prices shyly break the boxes top limit, then it will be important to wait for the second candle closure in order to decide what to do. If the prices go down for consolidation, then they will probably test the cloud and mostly go even below. chikou would go to test prices, and tenkan would exit the kumo. The ellipses are here just to warn on important facts. Indeed they allows in a 2nde time, to be sure that your strategy is right. In order to validate the bull strategy, tenkan and chikou must break senkou span B.
TVC:USOIL
by zugluk