Sometimes inverting the scale gives an interesting view on a chart. Looks like there is a perfect "dead cat bounce" pattern on the inverted monthly XAU/USD chart. What do you think? Will the dollar recover? Or is it doomed?
Remember when Binance delisted the Bull/Bear Scamtokens on 29 of March? They did not just delist, they liquitated all tokens for their self-printed BUSD. Remember, it is a token also tradeable on other exchanges, not a contract with Binance. So CZ now has shitloads of the Bulltokens, bought for under 1100 - not even real -dollars. Dont trust Binance, biggest...
When in doubt, zoom out! Double bottom at the monthly 0.618 log Fibonacci? Would be a very bullish pattern actually, in long-term.
A lot of people ("average joe" not experienced traders) are talking about buying stocks now because they had such a big dip. Also mass media in my language area (German) are full of buying recommendations now. Yes, it looks like a big dip on the daily chart, but if you zoom out to the monthly it looks like we are just at the beginning of the crisis. Technical...
Bitcoin is trading at a strong support area. There is the weekly 50 SMA, a longtime fibonnaci and also a big bullflag pattern, still valid if BTC turns around in this area. If the bears win this fight i see the next strong level at the weekly 200 SMA, also this would be the target of the SHS pattern.
Big bullish pattern on the weekly chart. Daily looks good too, RSI and StochRSI ready for uptrend.
I am watching this bullish fractal and bearish pennant at the moment, on the 1h timeframe. Personally I am still more on the bearish side on short timeframes.
I adjusted my old trendlines a bit and found a bearish wedge inside the big bearish wedge. Looking bearish to me, short the breakdown. Bullish scenario: breakout and retest of the upper trendline.
Shitcoin flushed down the toilet!! will others follow??
Bearish daily chart BNB/USDT. Death cross MA50 and MA200 happened a few days ago. Also MACD shows a possible bearish crossover.
Another fun/educational chart, I'm just playing around with the trend based fib here for the first time. Also there is a possible bullish flag on the 4h chart.
A chart just for fun /education, I'm not trading the lower timeframes at the moment. I watch the Fibonacci level and a Gann Fan and they work pretty well.
The exchange guys are watching the Simpsons again...
Hi, just noticed that its possible to switch the fibonacci to the logarithmic scale in the options. Works good on the weekly BTC chart. I drew one for the whole bullrun 2015 to 2017, and the bottom in December is exactly at the 0.618. Logarithmic Fibonacci Magic ?
Welcome to this in deep, multi part analysis of Litecoin! First part is fundamental, LTC or Chickun, (the name the real pros use for Litecoin), is a very strong coin, basically digital silver. Now that it has been chlorinated by the secret world government it will go to the moon soon!! What every good stock trader knows: what is bad for your health is good for...
Hi, found another H&S on the BTC chart, actually two. I made a fun chart yesterday with a possible H&S on the 60m RSI. It played out nicely and looks like it is reproducing on the chart.
Maybe the small bull run yesterday was just a retest of the big H&S? RSI on 4h and 1h looks like it topped out, (maybe on more small push upwards). Just a possibility , not a trading advice.