Hi friends! Welcome to this update analysis on Bitcoin! Looking at the daily chart, we can see that BTC remains under pressure, after the January 8th rejection at the 50 EMA (in orange.) The 50 EMA has been extremely resistive throughout the bear market, and the recent failure to rally above it has shown traders that the 50 is still a ceiling for the market. Since ...
After creating maximum confusion the past days, the market eventually completed the ABC correction. So before getting bullish, it's important to remain objective at this point.
I said in bullish and bearish version, this ABC' up was likely to happen, so in other words, it is still bullish AND bearish at this point. We could simply just drop again from these ...
I will open Sell after pullback and fake broke near $1288
- Price broke down triangle
- Daily candle close under it
After 100 like I will do all updates and will write S/L and T/P points it there will be an entry
USDJPY is approaching its support at 109.07 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 109.84 (horizontal swing high resistance).
Stochastic (21, 5, 3) is approaching its support at 7.6% where a corresponding bounce could occur.
The Breakout Opportunities system has just sold AUDJPY at 78.491. The system recommends entering this trade at any price between 78.299 and 78.586. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 2.019, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high ...
The area between the $3,500 and $3,700 looks like almost the same as it was the area between $6,000-$6,500, a lot of fake movements up/down and Bart moves here and there. As it was then and as it is now, my recommendation is still - stay away from the market(!) but still, let's try guessing some possible moves and some possible movement confirmations ...
The price broke below the 1,287.20 - 1,295.08 consolidation range (and as a result the Triangle) and is now targeting the 4H 1,276.40 Support (RSI = 36.846, MACD = -2.270, Highs/Lows = -4.0286, B/BP = -6.9780). This move may be expressed as a Channel Down but being oversold on momentum (STOCH = 13.662, STOCHRSI = 13.180, Williams = -86.196), it is more likely to ...
DAX is approaching our first resistance at 11778.68 (horizontal pulllback resistance, 50% Fibonacci retracement, 100% Fiboancci extension) where a strong drop might occur below this level pushing price down to our major support at 10989.90 (Horizontal overlap resistance, 50% Fiboancci retracement, 61.8% Fibonacci extension).
Stochastic (21,5,3) is also ...
BTCUSD is approaching our first support at 3494 (100%, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 3823 (horizontal overlap resistance, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in ...
Gold prices dropped on Friday and reached $1280 levels from intraday highs at $1294/95 levels. The movement still looks to be a corrective drop and it remains possible that the yellow metal rallies one last time towards $1310/20 levels before giving in to bears again. Looking into the wave structure, Gold might be producing a complex corrective structure A-B-C, ...
EURUSD is still stand above the bull bowl.
This is also a result of long time sideways movement which seems about to be broken by a new swing up.
The small blue channel is about to be confirmed as broken above the support purple zone .
And a new swing could go up to 1.17 on daily chart on the first half year of 2019.
Less is more!
NZDCHF is approaching our first resistance at 0.6742 (Horizontal pullback resistance, 50% Fibonacci retracement, 100% Fiboancci extension) and a strong drop might occur pushing price down to our major support at 0.6591 (Horizontal swing low support).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react ...
Pattern: Kiss of Death on 1M.
This is a typical bearish pattern. The price falls below the 21EMA and revisits the line from below, "kissing" it and getting rejected. In 2014/2015 it bottomed after a -61.27% fall. The same degree puts the bearish target/ bottom at 2300. The duration of the 2014/2015 pattern until the time it broke ...
Crude Oil break out support line of the uptrend channel. We touch support zone.
After oil drop price start to recover.
I see 3 resistance level for oil.
1. 55.8$ - 38.2% level fibonacci
2. 59.94$ - 50% level fibonacci
3 64 - 61.8$ level fibonacci also resistance line
But global It look like impulse-correction-impulse
Earlier we sold USDCHF from the TOP and in our previous analysis we bought USDCHF from almost the bottom,
where Target 2 is still open and running with (+255 PIPS) of Profit!
It's time for USDCHF for short term correction in order to rally back up!
so here are some potential format on how USDCHF could react!
more updates will be posted below this ...
ETH/USD and BTC/USD are currently inside similar channels on the 1 day chart, almost freefalling down the channel at times.
The edges of the channel have been prime shorting zones for approximately the past 6 months, the Fibonacci lines been good to take profits & reset the trade.
Ethereum could be back at the 10% of Bitcoin mark in this case.
If these parallel ...
Let’s talk about GBPUSD. The market reached a very important resistance zone formed by 1300.00 level and the downtrend line. We can see that the price bounced from this resistance. A strong bearish candle confirms a price reversal. The same goes about RSI and MACD histogram. DMI shows that bulls are not strong now and they can’t push the market above the ...