WEEKLY OUTLOOK ON BTC
Bitcoin is currently about to end correction move...
We are also seeing Breakout and retest of the channel...
But 12K might be test before starting the Impulse phase of this market ...
This is just analysis ...
Comment are highly welcome ...
Let me know your views on this ...
Thanks..
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The correction may very well be over. Markets often bottom on bad news and it seems that bitcoin bottomed when China made its announcement of cracking down on mining.
Ever since then BTCUSD has been on a gradual uptrend with lots of positive headlines and widespread adoption becoming more commonplace along with the past-due recognition that Bitcoin incentives...
- USDJPY is on a strong Resistance
- Price is building in a bullish Channel
- Confluence of upper channel support line and monthly res
- (Candlestick) Bearish Signal
- RSI divergence
- Looking to trade correction of whole wave
- Take the take when your rules are fulfilled
A BEARISH MOVE is probable in this market.
Hi there,
Well I'm not sure yet about smaller timeframes but I guess we're still following our plan and just rushed towards wave 4 of the green cycle, which we may have reached as far as 50% down off wave 3. Would be pleased to read your thoughts.
The US Index correction up to the 61.80% Fibonacci retracement of minor waves 1-3 missed the 98.66 low of wave 1. This means that the current structure can be still considered impulsive.
With bears pushing prices down sharply, the chances of reaching fresh lows for the completion of minor wave 5 are increasing.
This scenario could be validated below minor 3's...
GBPUSD could have ended the wave minor 4 correction at 1.2768 Nov 8 low.
This scenario sees the current structure as impulsive with minute waves 1,2 and 3 (perhaps 4 too) completed.
In case prices slide below 1.2886 we could see the end of minuette wave a, then receive a b and c lower as part of an a,b,c zigzag. However, if prices break above 1.2940 the chances...
In today's #marketinsights video recording I analyse #usdjpy and #gbpusd
USDJPY affected by:
- China announcing ready for a partial deal
- Fed Chair not as dovish, and expected to remain the case today
- US troops withdrawal from Turkey-Syria borders (perhaps to distract from impeachment inquiry?)
But with Thursday's talks resuming and Trump blacklisting Chinese...
I had a bearish bias for this pair, but if EMA100 hold (1hour to finish current candle + 4 hours to see where the next one heads to), we can expect another leg up !
BUY : Now
SELL : 1.33 (or higher depending on the impulse strengh)
STOP : 10 pips below EMA100
Key points to watch : Next candle direction, and tomorrow US Payroll and Employment report
Feel free to...
USD/JPY couldn't break the monthly support of 112.02 convincingly, hence a reversal in momentum following the rejection of this level. Price structure has been broken as the consolidation zone and both the EMAs have been taken out as the previous candlestick has closed above on the H4, enticing a strong bullish move. The 61.8 fibonacci retracement has been...
Stoch RSI Is oversold at the moment.
But MACD doesn't seem to pass yet. I would wait for MACD to move towards a crossover before doing anything.
Buy: 18400-18700 satoshi.
S/L 18000 - 18300 satoshi (depending on the buy)
Safe targer: ~20,000 satoshi
Greedy target ~21,000 satoshi
I think the correction is over because:
- We can count five threes (five zig-zags) in the flag formation;
- Volume has spiked nicely after decrease (as denoted by a pink line on the Volume Oscillator).
Now, if correction is actually done, we are about to start subwave 3 of 5. I suggest buying only after flag resistance is broken.
I think the correction is over because:
- We can count five threes (five zig-zags) in the flag formation;
- Volume has spiked nicely after decrease (as denoted by a pink line on the Volume Oscillator).
Now, if correction is actually done, we are about to start subwave 3 of 5. I suggest buying only after flag resistance is broken.
daily chart for dxy. Im interesting in buying a breakout of this ending diagonal. until then nothing.
feel free to message/comment, anything is appreciated.
good luck :D
