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Goingdown

Balancer BAL; When is the Reversal?Hello Traders! CTDave here again with another daily price analysis chart. In this analysis, I will analyze Balancer (BAL). As you can see from the chart, BAL is in a downward channel right now. As of now, BAL has approached the support line and it's waiting to get going up short term again. However, as indicated by the red arrow, it will go down after going to ~$10-11. Right now, the RSI indicator shows almost oversold which indicates that it's going to go up. Also, looking at the RSI, I have shown how RSI likes to behave based on my experience. The white arrows indicate the path while the orange circled spots show that RSI made a "double bottom". Right now, expect a similar behavior; a rise, and then a drop lower. After Balancer hits the bottom of the channel, expect a reversal and a breakout to the upside. Thanks for reading! As always, I encourage everyone to please like, comment, and share my ideas, and follow me for more of these posts to be kept updated. Happy trading! Thank you! Note: I am not a financial advisor, please do not trade solely based on my trading decisions. Do your own research or consult a professional financial advisor before conducting a trade.
BShort
by CTDave
1
$SPY GIONG UP... TEMPORARILYI want to believe from his weekly chart we should see some good gains until March then we should see the pullback we are all anticipating. I'm gonna say we will top out anywhere from the mid $480s to $500. Then we will see a 13%-30% dip (crash). If this is correct make some money and get out of the market for long plays cause its going down. But the bottom also has an upside to it as everything is cheap and will give those that play this time now right the opportunity to have great positions on the turnaround.
AMEX:SPY
by Riskitpaid
3
Place your bets gentlemen! Which way will it go?I think if you look at this chart on its own... Keep in mind this is the 1 hr chart. It looks about as neutral as neutral can be. Could go up as easy as it could go down. At a glance I would say this is going to drop to 22 rather then go to 36. But who cares right. We have held since 200 so FUCK IT!.... NO. I'm done. I'm not loosing another dollar. STOP LOOK AT THE DAILY! ITS OVER. GET OUT. I have buy orders at $4.09 and 13.25 on LTC. If you have profit. Take it and WAIT a few months. LOOK AT ALL THE SELL ORDERS RIGHT THIS SECOND ON COINBASE. 6322LTC ON THE ASK! NO JOKE. You might see this a few hours later but right now there is a 6322 sell order at the current price on LTC and its been there for a while. Live to fight another day. FFS that was a huge loss! OVER20 club I guess. Please like and subscribe :)
COINBASE:LTCUSDShort
by Noxtreme
1
EURUSD Pair Has Negative Bias to the Downside...Be CautiousBy looking at the 4-hour chart and the daily chart, the EUR/USD currency pair has taken a turn to the upside. The pair had rebounded from 1.1211 a hair below our hypothesized bullish entry point of 1.1215. The pair had a 2.5% probability of falling lower than our hypothesized support area. However, we deduced that for something like that to happen, there would have had to be some kind of dovish catalytic speech/sentiment uttered by the European central bank president Draghi or similar dovish news. Therefore, we suspected that sooner or later the pair would attempt to claw back to its hypothesized moving average of 1.1506, but before that happened, the EUR/USD pair would’ve had to elevate toward our 1.1215 mark, which it did. Now, we are convinced that it will continue in the short term toward our next hypothesized target of 1.1361 before it finally gets back to its moving average sweet spot of 1.1506. There is a strong possibility that the pair could surpass its hypothesized moving average of 1.1506 and continue toward our next target of 1.1652 and possibly 1.1798, but this is as far as the pair will go up the charts because fundamentally, the Euro zone economy is weak, and the Eurozone’s economic cycle is nearing its peak. In fact, the EU economy is already acting as if it has commenced its recession cycle. Please click here to see the entire article.
by mstardom