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Hi friends! Welcome to this update analysis on Bitcoin! Let's get right to it! Looking at the weekly BLX log chart, we can see that bitcoin has been on a steady march higher for the past few weeks. However, we are currently running into the weekly 200 EMA (in orange.) As you can see, Bitcoin failed to surpass this overhead resistance the last time we ran into it,...
The price slides sideways at 4000.00 resistance level. We can see 3 attempts to break this level which were not successful and now there is the 4th attempt. Will the market move above this resistance?
If we look at the indicators, we can get the following signals.
Ichimoku indicator tells us about the bullish trend. It means if the market continues the trend...
Still a fight going now, volume is increasing slowly as well which is a good sign for the bulls. We can say now, the fractal is might not be in play anymore, because the drop out of that channel failed and those other 2 attempts (red circles) failed as well. As i mentioned yesterday, what looked like a typical Bart move (so making a push up but even even bigger...
A lot of violence going on the past few hours, where the bears took over with a lot of volume. During the last few moves up, the volume dropped slightly, so now it has become clear that the bears were exhausting the bulls and attacked when the buying volume was decreasing since the past few candles on the left.
Glad i gave a small warning on the Alt's and Bitcoin...
Bitcoin will start to drop now (retrace).
We are aiming at fib. 0.618 ($3810) and 0.786 ($3750) as support.
This retrace can take several days and we will have to see it play out to know if Bitcoin will bounce or will continue to go lower. The fact that the last high wasn't broken is a bit telling.
Anyways, this is just a quick reminder.
We are trading XBT...
We have our short trade on USDJPY with a great entry closed earlier before FOMC with 10 pips profit.
The signal should have tp1 hit with 80 pips.
But we choose to trade with caution.
Finally we could now say USDJPY is turning down by reaching the reflection point on the channel.
Our last tp1 is just a small miss.
We could see the possibility that USDJPY has to...
Ripple (XRPBTC) has been retracing since the 24th December 2018, almost 3 months now.
For "big" altcoins (high market cap), a retrace can take a while, this can be appreciated when looking at Ripple, but this retrace might be reaching its end, based on several signals that I am looking at right now.
Hit like, if you want to see more analysis now, and let's...
USDJPY /H1 / AB=CD
AB=CD pattern is triggered
Stop level and Targets are 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.
USDCHF is approaching its support at 0.9855 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.9929 (23.6% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 3% where a corresponding bounce could occur.
Rising wedge almost broken,
careful this time, if this pattern break down, we will have strong bearish movement with target at 3884 to 3780
previous idea :
GOLD and FOMC both do not fail us.
Even though we have our early long trade closed manually before FOMC with great profit. We could do it better.
The channel is still valid for the upward back to last top.
We will find a way to rejoin the party later .
Less is more!
CADJPY is approaching its support at 0.9394 (61.8% Fibonacci extension, 76.4% & 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 83.37 (61.8% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
I have seen many people looking at the big bearish wedge of Litecoin, I understand why because it almost has the perfect shape. However, there are a few things to look at before simply assuming it's a real one. First of all, the volume picture is not really confirming the wedge, it's dropping but still high. Also the start of the wedge, not easy to say where that...
Shorted German DAX CFD at 11638
TP 11065
S.L 11870
Risk/Reward: 2.47
Risk of capital for trade: 1.5%
Accumulated profit before trade: 2.232%
Major potential resistance (prior broken neckline for a weekly head and shoulders top)
200 Days simple moving average
Bearish divergence on Momentum Indicators
The Congestion Opportunities Strategy has just bought GBPJPY at 145.477. The system recommends entering this trade at any price between 145.087 and 145.867. The signal was issued because the 28-hour Relative Strength Index indicates that the GBPJPY may be oversold, while the Speculative Sentiment Index reading of 1.316 indicates that trader sentiment is not at...
Long AUDCAD at 0.9500
TP 0.9577
S.L 0.9465
Risk/Reward: 2.2
Risk of capital for trade: 1.5%
Accumulated profit before trade: 2.232%
Dovish FED may keep USD & CAD under pressure
Breakout above horizontal resistance
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