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"DOGE; the battle over 27 cents"- Part 2 (Daily candle)Here we are a few days later, still fighting over 27 cents. -Initially, bulls were in control but just couldn't break past 29 cents. -Which ignited another battle and brought bears a short lived victory. -Pushing past the 23 cent level sparked the bulls to come rushing in, bringing us back to fighting over 27. In a lower time frame, it would look like bears are attempting to bring is down to retest the lower red trend line. Which would also happen to be the 25 cent level of support now. Zoomed out for a daily view brings a slightly different story. The combat area has narrowed -from 23-29 cents, -to 26-28 cents. and the closing battles are now hovering above the 27 cent level which, to me, is favorable to the bulls BUT the closing candle may change the outcome as today are the bears time to shine. Green daily candles are usually met with an ~equally red candle, and today there looks to be more red than there was green yesterday. So, Let's see what happens next. Please check out part 1 linked below if you haven't yet!
BITTREX:DOGEUSDLong
by Vophie
2
GBP/USD Forecast | April 27, 2020Hello Traders! Hopefully you took advantage of that beautiful bullish movement that we forecasted last time. Now, we are in a VERY important zone! We are possibly looking at a huge bearish momentum coming up. The chart is clearly forming a Head-and-Shoulder pattern and seems to be respecting it. You can clearly see this pattern in a 4H and Daily timeframe. Now, what are we going to be doing for our next move? We could still see the markets push up to 1.24752 and retest so I wouldn't necessarily place a Sell position just yet. I would suggest placing a "Sell Stop" at a lower price point to add a level of risk management. Again, we still need to see what the markets do as there is a possibility that the market could continue to go past 1.24752 and maybe reach 1.26280. However, I find this to be unlikely but we need to be reactive and not predictive. So, I would suggest placing a "Sell Stop" at a lower price point and wait for bearish confirmation. We could be looking at a VERY profitable move up ahead! Thanks and stay safe everyone! - ALPHALICIOUS Disclaimer: This is my personal opinion of the markets. I am not responsible for any trades that you execute. Please use research, analysis, and proper risk management when trading. Thank you.
Short
by alphalicious
2
EUR/CAD Kobane Trading Plan 5/27/19 Tyree Thomas Jr Kobane Trading Plan 5/27/19 Tyree Thomas Jr EUR/CAD mark up for the week and check back because I may update my mark up later in the week. The alert is set at the 38.2 level on the Fibonacci retracement tool, that level can also serve as a notice to manage your risk and move your trade into to stop profit. The support and resistance lines serve as technical indicators and they are the 786 level on the Fibonacci retracement tool. The alert can also serve as a the take profit instead of waiting for the market to hit the take profit that is posted. With all of my trades, the first trade entry is set at a 1 to 1 ratio, and the second trade entry is set at a 2 to 1 ratio. I forgot to mention this on the other mark ups that I published.
by Tyreejr
Bitcoin 2 Weeks Forecast until the Silk Road Auction - Update 5Update 5 is a major correction to Update 4. Indeed the night I posted the earlier update, China decided to re-correct the price downward following my red bearish line due to low volume. I guess there was a slight delay which I did not take into consideration. So were back overall bearish for the short-term (next 7 days) I will keep this simple: > Set your buys at $553 (don't feel shy to add an extra $5 in order to ensure it gets picked up) (green arrows) > If you are VERY DEARING and risk taker put another buy at $530 ($535 recommended) but we might NOT even see this range if we refer to the red line crossing the other. (scenario represented in yellow arrows. This really depends on the bears and how much they want to pump panic in the market)
BITFINEX:BTCUSDShort
by BitcoinGuru
Bitcoin 2 Weeks Forecast until the Silk Road Auction - Update 4Not a lot of volume the past few days leaves Bitcoin in a CONGESTION phase until June 27 to June 30 just fluctuating without any clear direction. TA cannot be very helpful in such a immature market but a forecast can still be done. The congestion range is mainly between 582 to 621. My opinion is: (1) technically the chances of seeing 550 is unfortunately slimming down BUT we might still be able to drop to 550 around June 26-27 and quickly rebounce upwards. (2) BUT another scenario (not pictured in the above chart and which is also VERY LIKELY to happen) would be not to see 550 and the market just moves UP PAST 621 to 635 after rumors of the last price paid for the auction are LEAKED and you have to expect for sure that the price will be ABOVE the CURRENT MARKET PRICE. There are a lot of big players bidding on those coins and this is a very bullish sign that newbie traders do not see since they trade with their emotions. Given that China has been bullish more than other regions would point to that scenario to be most likely to happen. Also the fact that the Silk Road news is on the news more and more will bring more new investors in the next few days and weeks which will fuel the next rally.
BITFINEX:BTCUSDLong
by BitcoinGuru
1