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 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 ...
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, ...
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 ...
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 ...
EURCAD has made its downtrend down to FIBO618 of last wave up on daily chart.
Consider that is a corrective wave down and FIBO618 is a great position for a new start of new swing for 1000 pips up.
This is not a trading signal yet, but this pair is now on our list to wait for entry signal..
And we have been waiting since weeks ago. So dont rush to open a trade ...
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 ...
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 ...
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 ...
We do not intend to take a long position with eyes closed in our setup area, but we want to see a first rebound signal, but above all we will look for some reversal patterns on smaller time frame. That said, our analysis could fail, and in this case, the pair will develop the expected bullish impulse earlier than expected (we have seen a potential ...
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 ...
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
Pattern suggests price trapped inside a Dome Structure.
Intent of pattern is to keep all participants inside the price structure.
giving neither side immediate gratification, but simply extending the pattern roll.
Too often overlooked, this pattern will highlight a feeling of uncertainty,
as neither side will feel comfortable, feeling they are about to be ...