pasojov

pasojov

INDEX:BTCUSD Bitcoin is regarded (in some circles) as both a store of value and an inflation hedge. But what if Bitcoin is a leading indicator of inflation? In the chart shown, we can see the various Bitcoin peaks over the years preceding local peaks in US CPI (orange). The US interest rate is in blue. The last 4 peaks in US CPI YoY have occurred between...

pasojov Updated 

BTC is yet to fully correct, at least on the weekly. In my eyes, these huge candles up are unsustainable without significant greed. Significant greed cannot continue indefinitely without returning to the mean (neutrality), and likely, significant fear. There are a few factors I believe will influence a correction: Greed across the traditional and crypto...

pasojov

I was looking at the BTCUSD chart earlier and I noticed a similarity between the last 2 big moves. You can see each part on the chart. I took the bars pattern tool and applied it to the first bottom and the last bottom. I then scaled it to match the size of the most recent move and overlayed it and... it fits pretty well. And look where it ends? Right on the...

pasojov

I was looking at the BTCUSD chart earlier and I noticed a similarity between the last 2 big moves. You can see each part on the chart. I took the bars pattern tool and applied it to the first bottom and the last bottom. I then scaled it to match the size of the most recent move and overlayed it and... it fits pretty well. And look where it ends? Right on the...

pasojov

GBPCAD has been rangebound for the past week or so but it looks like resistance may soon break. Watch out for a break of the neckline. Also watch for a failed breakout before continuing further down. I could personally see the scenario on the chart playing out. Happy trading:)

pasojov Updated 

After breaking through resistance at 57k BTC has drifted gradually up while ranging. Price hit 60k briefly and is now coming to back to test support. A bearish rising wedge has now formed with the characteristic declining volume. The daily/4h charts look ugly while the 1h looks like bulls are struggling, with price hovering around the monthly close for a few...

pasojov Updated 

Institutional/smart money/whales/big spenders move the market. They are the ones with the capital to take out a lot of pending orders. The most small guys can do is hope to not stand in front of them. See 22nd Jan this year. Volume was 143k bitcoin traded this day just on Binance. Price was around 31k, which means that $4,433,000,000 was traded on this day. $4.4...

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DXY is set to continue getting stronger, gold seems to be getting weaker. This is bad news for the the Aussie Dollar. There's a head and shoulders structure formed on the daily with the neckline formed roughly around 0.76. Last night, we broke the 0.786 level that was previously a 4 touch support. This is a perfect place to short due to: Strength of the...

pasojov Updated 

EURGBP has accelerated today off the back of a stronger euro and a weak pound. Price is now overextended above the upper BB band and has given us this shooting star before closing back just above the 0.236 level. I would like a better R:R than this current setup, but the 4 touch resistance is likely to act as strong support. See entry and exits on the chart....

pasojov

Following on from my previous idea, the FTSE has continued to show strength at this level of support. A triple bottom has formed at what looks like the bottom of the cup in a cup and handle pattern. If FTSE traders were bearish, the drop from the rising wedge would've been steeper. The news around the vaccine spat with the EU would've also likely caused a...

pasojov

Quick intraday play. Swisse is rangebound and currently at support. DXY has pulled back currently but looks to get stronger over the coming days. Confluence: Strong trendline + fib to act as support Breached lower BB See chart for entry and exits. Exiting at previous day close, stop below thrust candle/trendline. Happy trading:) follow for more.

pasojov

After a long uptrend GBPJPY is looking to correct. The dip under previous low before closing above is a signal that things might recover in the short term. I'll be looking to short the retest of the broken trendline. Horizontally, it's a 4 touch support area which is now resistance, making it a perfect place to short. JXY is currently looking like it's going...

pasojov

This could be a perfect entry for a long term short to 1.19. USDCAD broke the long term (2008 to 2020 peak) 0.618 level and closed bearishly below it. Price has now come back to retest the level. After wicking into it, the level was wicked through but closed very bearishly (red arrow). Next major support is 1.227 (200 pips away). Entry: 1.24985 Stop: 1.25689 TP:...

pasojov

The FTSE is currently sat at strong support. Sellers tried to push price lower, but the index was bought back up to form a pinbar (red arrow). Lower BB also sits at this point (see %B in bottom window). Considering the lacklustre fall from the rising wedge and the subsequent pin bar, we can expect 6800 to break (see how long price spent lingering around the...

pasojov

The DAX has broken out of its 5-year long channel, with the last time being early 2018. This time, however, there is substantial support found around the 14150 level. With the ECB speeding up their PEPP in order to quell rising bond yields, the DAX is fundamentally poised to continue moving up. The ZEW Economic Sentiment comes out on Tuesday, which has previously...

pasojov

Following on from @Captain_Walker's post about DXY. I believe the dollar will strengthen over the coming weeks after breaking out of its range. Currently, DXY is bouncing off of the trendline and RSI is flashing a bullish continuation signal. Assuming a higher high is made, we could see the start of an uptrending dollar.

pasojov

Cable is facing resistance at the 0.618 fib @ 1.398. Confluence: Looking at DXY, it looks like the dollar is going to continue getting stronger in the short term. Most other USD pairs are also at resistance. RSI is flashing a bearish hidden divergence. Expect a move back down to the major trendline/0.5 fib level before breaking out. Keep an eye out for...

pasojov Updated 

EURUSD looks set to continue its bullish rise up to the last biggest resistance/0.618 fib level, 1.25. To break down what's happening on the chart: The red line represents the long term bearish trendline that started in 2008. In October, fibre pulled back after breaking the trend and bounced strongly off it, signaling a new long-term bullishness. The orange...