Welcome friends, to this update analysis on Bitcoin! Let's dive right in to what just happened today. First and foremost, I want to give this warning. Don't let anyone fool you with the suggestion that today's selloff was due to futures expiration. Futures expiration has been in effect all day, and the selloff triggered immediately after the Bitfinex news was...
As if the crypto market did not endure enough already past year, it gets a blow like this from our 'favorite' exchange Bitfinex. As always a lot of stories going around making the market nervous again, because as always in crypto, nobody can say 100% how bad and how real it all is again. Bitfinex has been a shady exchange for a long time, so this news is not...
Bitcoin (BTCUSD) just had the first strong drop in quite a while, but this is no surprise, we were expecting this... Here you can see our previous analysis:
Now, the question is this, how much lower can Bitcoin go?
We are looking mainly at EMA100 on the daily...
After bouncing from the downtrend line, the price dropped to the support zone at 160.00 level. The price action in this zone will show us further market movements.
This zone includes the uptrend line which makes it solid. If the price bounces from the support, the market will be able to move back to the downtrend line. If the price can break this resistance, we...
EURUSD broke out of its support-turned-resistance line at 1.1162 (61.8% Fibonacci extension) where it could potentially drop further to its next support at 1.1111 (61.8% Fibonacci extension).
Ichimoku cloud shows signs of bearish pressure.
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Morning Notes 04/25/19
XAUUSD / Gold / H4 / Technical Chart
I shared the following analysis a few days ago
Now support reverse to Resistance zone, if it will break this zone, it will move to the Upper line of the Green Wedge pattern
Wish you many pips
The Tidal Shift Strategy has just sold AUDUSD at 0.70221. The system recommends entering this trade at any price between 0.70115 and 0.70327. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 3.71034, which suggests that the AUDUSD could be trending downwards.The 14-period...
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...
The 1D Channel Up broke yesterday, slightly to the downside. Since the December bottom similar Channel Up pattern have been broke twice. Once it was a bearish break out the other was a sideways break out (which gave way to the April 2nd aggressive jump).
The RSI was too high (and I have pointed the importance of that on previous posts) and since the 88.300 High...
Ok so this is an unusual unforseen scenario.
This is how i plan to play it at this very early stage, preempting the information.
I have gone to cash (actual fiat not USD) and i am expecting a sell off on the BTCUSD fiat pair.
The reason why is because those people holding tether will want to hold fiat while there is risk in tether.
The way this will be...
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.
AUDUSD is approaching our first support at 0.7008 (100% Fibonacci extension, horizontal swing low support) where we might be seeing a bounce to our first resistance at 0.7093 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic is also approaching support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so...
GBPUSD is approaching our first resistance at 1.2986 (horizontal overlap resistance, 23.6% Fibonacci retracement, short term descending line) where a strong drop might occur below this level pushing price down to our major support at 1.2774 (horizontal swing low support). Ichimoku cloud is also facing bearish pressure.
RSI is also approaching resistance where we...
BTC / USD TA
Here we are looking at very interesting historical movement we've last seen back in July of 2015 when we were getting off the bear market and moving in bull market with the Golden Cross. Just as everyone was moving into their 'Euphoric' phase, bears were starting to emerge from the deep, hundreds of millions of Bitcoins were on the move as they were...