I see Bitcoin as ready to fall as its next move. Short sellers are positioning. Volumes are falling
in a signal of capitulation. Relative strength is showing bearish divergence while price is in
consolidation. The boxes are checked and it is the weekend when the price volume trend is
typically sideways. This is demonstrated by the flatline PVT. I will...
In this chart we can see the btc chart compared with usdt dominance
Is interesting to see how they relate eachother in opposite directions
When one goes up the other goes down and vice-versa
That is related to the need of usdt as a reserve asset when things goes bearish
And the need to sell usdt when market goes bullish
This is our technical opinion about...
Hello Traders,
Here is an update of our idea on BNB/BTC trading.
Checkout the related ideas.
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Best regards, Sandro and Gustavo
Hi all
After shorting it on the initial down move, after the retrace, it has hit support and made an engulfing bearish candle on the 4 hour.
I now do expect it to head lower again, in turn gold to go higher and Yen pairs to go lower.
It is cycling lower nicely and an I think indices could be in trouble over the net few week.
Thanks for looking....
e/u had very nice run friday afternoon during new york session , and gain more than a 100 pips wich is volatility we have not been seeing for some time . in a near future ( 58 days and counting ) first round of french election is going to weight a lot on the euro and might be the catalysis we all where looking for some time , but until then we very much could be...
Daily chart pattern - possible double top formation
Resistance - 0.6883, 0.6835, 0.6806
Support - 0.6972, 0.7024, 0.7054
Kiwi's failure to take out Apr 19 high of 0.7054 followed by a sharp drop below rising channel has increased odds of a the pair forming a double top formation with neckline at 0.6806.
Dollar could see a broad based technical...
Resistance – $1253, 1263, $1275
Support – $1238, $1227, $1221
Gold’s repeated rebound from $1227 (23.6% of Dec low-Mar high) followed by a move back above 50-DMA yesterday has left the doors open for a rise to $1253-1263 levels.
On the lower side, $1227 remains a strong support, which needs to be breached if bears have to have say in determining prices....
Formation - Expanding falling channel
Outlook - Cautiously bullish
Sterling's sharp fall left it oversold as per 15-min RSI, with the indicator forming bullish divergence pattern with price chart in the NY session.
The subsequent attempts to recover losses have failed around 1.4220, still the intraday support of 1.4190 (daily low) is being defended.
Thus odds...
The impulsive decline seen in early Europe has been recovered, thus marking another failure to sustain below 125.00, thus extending the ongoing squeeze between 125.0 handle and falling channel resistance.
A daily close back inside the channel would invalidate arguments to remain on the sell side, thus leading to short unwind resulting in the cross cutting through...
