BlogHide Resteemstechnicaltrader (41)in hive-110112 • 4 years agoBitcoin (BTC): Reason to be cautiousNow looks the time to be cautious on Bitcoin. After a massive rally off the March 2020 low, the daily chart is now showing multiple points of negative divergence and has also dipped back below the…technicaltrader (41)in hive-110112 • 4 years agoCartesi (CTSI): set to breakout and resume its aggressive rallyWith the ongoing bull market in the alts, I'm waiting for a breakout and further aggressive rally in CTSI. Clear resistance being seen around 0,45 but the more times a level is tested, the more…technicaltrader (41)in hive-101145 • 4 years agoBinance Coin (BNB): Aggressive rally set to continueHaving rallied over 800% before entering a 6 week flag consolidation pattern, BNB has broken to the upside. Potential for some short term consolidation at the all time high but the measurement upon…technicaltrader (41)in steem • 4 years agoSTEEM: Massive base breakout! ATH at $9.29 is back in playSteem has quite clearly broken out from a two and a half year base and also cleared another area of resistance around 0.85. So long as price can consistently hold above that 0.85 level, the strength…technicaltrader (41)in ethereum • 4 years agoWhere next for Ethereum (ETH)? Long term target 25,000. Short term, 4.236 Fibonacci extension at 5,835 in playWith ETH having broken above its 2018 highs of January of this year and the recent consolidation having now broken to new ATH again, with nothing but blue sky above, its time to start considering…technicaltrader (41)in trading • 6 years agoSolarEdge (SEDG) Price Action; Wedge BreakoutSolarEdge is a constituent stock of the TAN ETF, which has just confirmed the breakout from a double bottom formation as discussed here . The price action and relative strength in SEDG makes it…technicaltrader (41)in trading • 6 years agoSolar ETF (TAN); Double Bottom Breakout ConfirmedYesterday's action in TAN, despite general market weakness, pushed price above the November high confirming a breakout from a double bottom formation. The relative strength in TAN vs the S&P 500 is…technicaltrader (41)in trading • 6 years agoPositive Signs From European Equity MarketsWhilst the burden of proof still firmly rests with the bulls, there are signs of improvement in European equity markets. The chart above shows Europe's 50 largest companies have managed to retrace…technicaltrader (41)in trading • 6 years agoS&P 500: Price Not Doing What It 'Should'. Bullish Outlook IntactThe S&P 500 is currently sitting on an important support zone, the top of which managed to hold during yesterday's trading. The longer this level can hold and if price can move through the downtrend…technicaltrader (41)in trading • 6 years agoEmerging Markets (EEM), HSI & KOSPI; Bullish Price ActionPrice action over the past week has seen a significant change in the medium-term outlook in both US and Emerging makets. In Europe, some indices are still lagging but I want here, to focus on EM.…technicaltrader (41)in steem • 6 years agoSTEEMUSD; Where To Next?As discussed previously , it seemed to me that the strength seen from mid-month would be best left alone, given we have yet to see a significant basing pattern form, to give us enough confidence…technicaltrader (41)in trading • 6 years agoSemiconductors Set To Outperform S&P? Bullish Indicator...There are a number of charts in US equity markets that are suggesting a more positive outlook but one that catches my eye from a trading perspective is the Semiconductor Index. The chart above…technicaltrader (41)in steem • 6 years agoSTEEM/USD; Basing Or Continuation Pattern?Price is currently testing the top of the upper boundary of a symmetrical triangle, that has been forming for close to two months, with bullish divergence at the lows. However, firstly, price is…technicaltrader (41)in trading • 6 years agoSunpower (SPWR) Price AnalysisWeekly chart shows price remaining below the large, two and a half year consolidation that broke down mid-December. With the short term retrace now looking to have broken down, with a shooting star…technicaltrader (41)in trading • 6 years agoUS Markets At Resistance. Treasuries Still Suggest A Cautious ApproachThe recent pullback in treasuries occurred at a fairly expected level where price met resistance an the top of the downtrend and at a zone of polarity. Whilst this daily chart hasn't confirmed the…technicaltrader (41)in trading • 6 years agoDow Jones Utilities/SPX; A Lead On US Equities/Risk AssetsThe ratio of the Dow Jones Utilities/SPX is approaching a key zone of support. If the ratio resumes the trend higher off the June '18 lows, this would be suggestive of a negative outlook for US…technicaltrader (41)in trading • 6 years agoUS Markets, Looking For Lower PricesDefensive sectors in the US are once resuming/continuing their out-performance of the broader market. The above chart shows that the Utilities/S&P500 ratio is once again moving higher after bouncing…technicaltrader (41)in trading • 6 years agoQorvo (QRVO) Support Broken, 25% DownsideAfter spending almost the last two years consolidating in an inverted triangle with support tested 8 times along the way, price has finally broken down. This is occurring as the Semi's are rejecting…technicaltrader (41)in cryptocurrency • 6 years agoBitcoin (BTCUSD) Breakdown Accelerating. Major Trend BrokenWith the move over the last few days confirming the break of the major pattern that has been in focus for a long time, price has now moved below the major trend line and confirmed that all support…technicaltrader (41)in trading • 6 years agoDAX; Still Painting A Bearish PictureMy original post on the breakdown in Germany's DAX can be found here . It's worth revisiting as price is now retesting the neckline of the head and shoulders topping pattern. These lines are not…
