Thought this one was worth showing. Think most might have seen it already, but this is the area were are in now. Reason why i said, we need to see volume increase during moves up, well this is why. There are a lot of similarities to why Bitcoin should drop from current levels, but i do want to show a few differences.
1) The move from 38x to 4030 was a buying...
HISTORY DOESN'T REPEAT ITSELF, HOWEVER THEY ARE OFTEN ALIKE.
A famous sentence with which I'd like to start this analysis. My first one after a long time on TradingView, my first one of hopefully many analyzing crypto, forex and equity markets.
What have we seen on Bitcoin? We've seen a huge breakdown of the floor in November, after that a few rallies upwards...
BTC / USD TA
Bitcoin is currently holding just under $4,000 levels. If we direct our attention towards the chart above, we will see that even though this is the third pattern that we're having which has followed similar movement as to the last 2, this one strikes us as bit different. This time we're not seeing volatile swings up and down towards support and...
XAUUSD is approaching its resistance at 1311.36 (61.8% & 100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it is could reverse down to its support at 1298.14 (76.4% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
The symmetrical 1D Channel Up is close to hitting the 4190 target but more significantly to meet the MA200 that has been holding the bear market in place. This is a very important benchmark for Bitcoin as any break above this level technically signals the end of the bear market. High significance 2 - 3 weeks ahead of us.
The Tidal Shift Strategy has just sold USDJPY at 111.182. The system recommends entering this trade at any price between 111.095 and 111.269. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.185, which suggests that the USDJPY could be trending downwards.The 14-period Average...
Gold / XAUUSD / H1 / Technical Chart
if wedge pattern will breakout to the downside it will move as arrow shows
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.
Hello guys playing around Bitcoin dominance and discovered it was filled up with lots of bear flag which each break leading to huge altcoin pumping. Presently we have another flag that is about to break we should keep an eyes on this as it will surely lead to another huge pump in alt market.
Enjoy your alts guys as they pump.
Please leave me some like if you see...
In this video I explain you with a real time trading context, what the major difference is between a trader and an analyst. Because that's how you'll easily make the difference between the one that actually trade and manage its risks, and the one that just talks and do nothing ! Always remember that if you want to learn how to analyse a market, the follow analysts...
Hi, at previous analysis, we mark 3990 area as strong resistance, and look like bullish ran out of gas at this area.
In this analysis I use 1 hour timeframe to get more detail about price action.
previous resistance become support are our bearish key level this week at 3938.
this classic support and resistance perform descending triangle pattern (bearish...
GBPJPY is suffering from double top with RSI DIV.
It has been a while on the top resistance zone.
This is no good for buyers but good for sellers.
Lets make a small target with 500 pips first for 1st wave down.
LESS IS MORE!
The price is at the resistance zone formed by the downtrend line, SMA50 and SMA100. The price action in this zone will give us an insight into further market movements and possible trading opportunities based on the daily and hourly timeframes.
If the price bounces from the resistance zone, the market will continue the downtrend. Short trades can be opened based...
For 3 days in a row, GBP has been confined in a relatively tight range between 1.3210 and 1.3330 with market makers dominating the edges amid lack of fresh Brexit news to latch on.
Other than the micro slope in the UK vs US bond yield spread, which has turned south, the rest of intermarket indicators (micro/macro DXY + macro yield spread) support the bullish...
USDJPY is approaching its support at 111.03 (61.8% Fibonacci extension , 76.4% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 111.44 (50% Fibonacci retracement , horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 8.07% where a corresponding bounce could occur.
USDCAD is approaching our first support at 1.3241 (horizontal pullback support, 61.8% Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 1.3381 (horizontal pullback resistance, 61.8% Fibonacci retracement).
Stochastic (34,5,3) is approaching support as well.
Trading CFDs on margin...
The SP500 index has reached an interesting resistance area, let's see what will happen tomorrow pending the FED decision ....
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Thank you for support and trade with care!
What we should mostly focus on in this chart is the pattern of Bitcoin's Bull Cycles. Those have started with very sharp bull runs but decrease each time as BTC becomes asymptotic (diminishing returns). As for the Bear Cycles, although they started as sharply as the bull runs, they tend to stabilize and follow an identical structure.
Applying the decelerating...