So back again after a small break past weekend where i kept my channels a bit up to date on my thoughts. Were some confusing days with alts not confirming the bullish sentiment and Bitcoin' making some ugly wicks up and down. As if things are not difficult enough already we need to look at those ugly moves :).
Anyway, my last update from me previous...
Well we are here finally! After 140 days of frustration and demoralizing claims for $1000 $500 or even $0, Bitcoin is finally testing the 1W Resistance. The Resistance which before the November sell-off, has been sustaining Bitcoin as a Support above the 5800 level.
How important that test is? Well it's vital. Two reasons:
Firstly because it meets with the MA50...
USDCHF is new high.
Our longer term target is 0.92.
How you can trade on this chart.
1. Watch 15 minutes time frame and look for sell.
2. Wait for 1 hrs impulse and join the fall after correction.
In case if we dont see impulse and price keeps pushing higher wait for the impulse before you sell.
Here is some of our premium report--I go over more in the free video report below in the signature section of my profile. Enjoy--
Investors remain hypnotized by this unusually friendly market. The “Pain Trade” is still higher and the “Golden Halo” may continue even into June. It is a “Time of Churning.” Traders don’t really like it but it was not unexpected....
Wednesday saw the Bank of Canada hold rates steady at 1.75%, as expected. The central bank dropped its 'hiking bias' from its policy statement, while also cutting near-term growth forecasts. Alongside a reigning dollar crossing swords with fresh 2019 highs (US dollar index), the USD/CAD rallied half a percent and concluded the day challenging 1.35 on...
In the last BTC analysis, I showed how the first 2015 golden cross happened exactly at the high of the move, causing BTC to retrace all the way to the 61.8 retrace. As you can see, we rallied up to the weekly 50 MA (in black) and pierced above it. However, BTC has now pulled back below the weekly 50 MA. It will be interesting to see where this candle closes. I am...
Stellar Lumens (XLMBTC) just hit a new low today marked by 1.618 Fib. retracement support from the last bullish wave.
Looking at the structure of this chart, it is easy to see that XLMBTC can go lower before moving up.
Feel free to hit like... And let's continue...
Few points to take into consideration:
Trading volume is really low, so this drop is coming to...
Since last November, Bitcoin's RSI bottomed near 9.000 and has been making Higher Highs and Higher Lows since, developing a Channel Up. The peak of this Channel is so far near 90.000, which was achieved on the aggressive rise earlier in April.
A similar RSI pattern was printed in 2016. The bottom was made near 20.000 this time, with Higher Highs and Higher Lows...
The market is going to form a strong trend reversal signal. If the daily candle is closed at the current levels of below, the market will start forming a new swing high. This swing high will be higher than the previous one but RSI and MACD will make new "highs" lower than the previous ones. The price will diverge with the indicators and it will give us a bearish...
The Tidal Shift Strategy has just sold CHFJPY at 109.817. The system recommends entering this trade at any price between 109.679 and 109.954. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 2.536, which suggests that the CHFJPY could be trending downwards.The 14-period Average...
AUDCHF bounced nicely off its support at 0.7147 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7193 (38.2% Fibonacci retracement).
Stochastic (55, 5, 3) is bounced off its support at 4.29% where a corresponding rise could occur.
Been buying at $0.52 with our target $1.37
A 160% up move.
But it's time for another trade.
See previous tradingview chart called "Buy Tezos like a Chad"
If you sold, it's time to buy back.
Now you have to buy/hodl like a Chad.
With a target at $5
Tezos is great. Smart contracts with...
EURCAD / H4 / Technical Chart
Formation: Parallel Channel
Risk Management: Fixed Lot Size
Target are On the Chart
Wish you many pips
PS: Thank you very much that you support me with your likes and Comments
If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
The table above describes all possible pattern variations: harmonic gartleys, advanced gartleys, pesavento gartleys, harmonic bats, advanced bat and UG. If you look closer, the range of ratios covers everything.
Now, let's go into some details...
In this test the patterns were found and drawn by MPS. The algorithm of swing identification was set to...