Daily Chart – Market has broken 2004 Highs with a strong bullish momentum that doesn’t seem to end? It holds an erratic bullish trend characteristic, as you can see sometimes market consolidates with a considerable amount of time and sometimes it doesn’t.
What do I mean? as you can see after the break of $1, makes tends to have a spurge growth in buyers (probably price followers) entering the stock this led to an immediate “unhealthy” growth in price which led to the drop of 80% (in the range of $2-1).
So what does current price tells me? The market tends to retrace sharply after a new “fast dollar break”. Thus, entries would be highly possible near the whole number.
Daily Chart – Market has been running pretty bullish since late December. It has been breaking previous “structure high” constantly with a nice momentous demand of buyers. This has resulted in a strong short-term bullish characteristic that has a great opportunity to test the September 2017 high (0.745).
1 Hour Chart – As much as the market was really choppy, it respected key areas ~ as stated above on its characteristics. Spotted an engulfing pattern in the key area and decided to take a probability bet on it with a 1:4.37 RR.
Daily Chart – DBS has an overall bullish trend that is either losing some of its steam (short-term) or is trying to build traction. I would think the latter, as seen from previous price actions, market would have a high tendency to consolidate before making a new high.
So why did I say it might be losing some of its steam on the short-term? Pre-consolidation and post since the first circle shows that market has been growing 10% or greater, but on recent consolidation, market is growing at 8% or lower.
Then why do I think the latter is more true than the first? I believe market is ready to break into new highs and before doing so, it requires a chunky consolidated price actions (building traction/demand) before proving overall trend characteristic. In summary : this is a higher PROBABLE bet then the other.
I’d think market has a high chance to test previous structure low or form its new structure low. Thus giving traders a good entry opportunity so do watch out!
Weekly Chart – Market has an overall bearish trend that seems to be really strong since 2008. What does it mean? – Not logical to be holding “long durational” trades that are opposite the trend.
Markets has finally broken off the 3 year consolidation with a classical bullish short-term trend. Current price range that market is in will induce greater volatility, this creates more real & fake opportunities for an entry.
Daily chart – Price action has broke off key level with a head and shoulder pattern . Market seems to have strengthen it’s short-term bullish characteristic, this indicates that market have a higher probability to maintain its run.
Having difficulties in buying Alt coins?? Can’t find a good exchange?? Recently, I was fortunate to have been introduced to Binance , the biggest cryptocurrency exchange.
Step 1: Press Register
Step 2: Fill in your particulars
Step 3 : Verifications
Step 4: Enabling 2 FA
You can still deposit funds without verifying ~ Verification allows higher withdrawal limits. All nationality out of china wouldn’t be able to use the SMS Authentication function.
Step 5: Download Google Authenticator (2 FA) (Available on both GooglePlay & Apple Store)
Step 6 : Scan the QR code through your phone
- Press enable on the Google Authentication box and press step two [From the profile page]
- You will able to see a long code beside the QR code (Record it somewhere or screenshot it)
- After scanning the code a 6 digit number will be given to you (is time-based) ~ do not worry about it refreshing
- Press step 4, fill in the LONG CODE you recorded in step 2 inside the KEY box.
- Prior to that, fill in your account password below
- Lastly, fill in your 6 digit number that is shown in your phone from the Google Authenticator app.
Website : www.binance.com
Here are some proof by different news profilers