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...
The market continues the upward movement after bouncing from 5000.00 support level. Probably some of you think about a missed opportunity to catch this uptrend, and you want to rush with opening long positions. If you a beginner trader or just a trader with lack of knowledge and you don't understand how the markets move - for you, it's the perfect time for making...
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...
*** This article is not for sell or buy. If you liked this idea, please, 'Thumbs up', 'Follow', 'Comment'~^^
If you look at the title, main chart, and secondary chart, you can easily understand. Therefore, the explanation is omitted.
 13.11 ~ 17.12 (about 1470d) >> 0.85% >>  17.12 ~ 21.05 (about...
EURUSD / H4 /Technical Chart
Formation: Cypher Pattern
Risk Management: Fixed Lot Size
Target and Stop: 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.
If we look back on the previous ADAM and EVE pattern that was spotted few month ago, this pattern seems to be in strong play with price approaching its final target which also equivalent to the possible end of the rising wedge at 5800-6000$.
When this target is reach market is expected to go for strong correction.
Fingers crossed to see how this develop.
Bitcoin (XBTUSD) is now trading within a rising wedge and has the potential to fall.
We can notice bearish divergence showing up on the MACD and RSI.
Trading volume has been decreasing and there is a long wick on top of yesterday's candle.
If the daily candle closes below yesterday's high, we can expect Bitcoin (BTCUSD) to fall in price. This can be a long...
Well we are here finally! After 140 days of frustration and demoralizing claims for $1000 $500 or even $0, Bitcoin is finally testing the 1W Resistance. The Resistance which before the November sell-off, has been sustaining Bitcoin as a Support above the 5800 level.
How important that test is? Well it's vital. Two reasons:
Firstly because it meets with the MA50...
Bitcoin reached 5640 and seems that higher highs are coming. Shorts increased during the last days while longs decreased, not extremely relevant but something to look at. While shorts are increasing the price is increasing as well, shorts with more than 25x are getting rekt, while orders with lowers leverage will hold the increase in price.
So larger operators...
EURJPY broke out of its major support at 125.60 where it could potentially fall further to its support at 124.83 (61.8% & 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support).
RSI (89) is being held down by a descending line which adds to its bearish pressure.
The Breakout Opportunities system has just sold AUDJPY at 78.708. The system recommends entering this trade at any price between 78.541 and 78.956. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.549, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high...
Price is close to a historical high.
I think the price can make a powerful drop down if there will be fake broke of 2940
Potential profit will be in 10 times bigger than a risk
Push like if you want to get a safe entry point
With Bitcoin trending well above 4000$ for the past month, the market sentiment has shifted and NULS is not falling behind.
NULS was trading a range for 108days. The mid-term spike, backed by volume, to 0.00015BTC got my attention and NULS has been trending ever since. The bullish trend (HH>HL) is intact ever since the 10th of Jan low, puncturing through...
BTCUSD is approaching our first resistance at 5855.2 (horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur to our major support at 4562.6 (50% Fibonacci retracement). Stochastic is approaching resistance as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so...