Shorting Gold. Price created a double bottom. After the last bullish impulse of a double bottom, you should expect price to retrace to test the neckline of a double bottom. There also exist a bearish divergence which may be the catalysis for a move to the downside. If you see something else of feel otherwise, feel free to comment below and share your chart. Like/comment.
Hello, dear subscribers! In the last review, we talked about bulls should stay above the price of $11,000 in order to confirm their strength and continue the upward trend. Buyers have not been able to stay above this level, after which the bitcoin market began to sell out and the price fell below support level $10,500. The lowest drop was $10,374. At the...
On the 4 hour chart, NKE is just about to dip below the moving average. This relative strength index shows that it is sitting high near 70. We should be expecting to see a sell signal relatively soon. Disclaimer: I am not an expert, I am just starting to grasp meaning behind these indicators and by no means making recommendations. I trade at my own risk and so...
Hello, dear subscribers! In the last review we discussed the upward trend of bitcoin prices. Since then, the price has increased, showing a maximum at $11,179. In the last 5 days the price range has narrowed to $10,700 - $11,179. Indicators RSI and MACD show weakening of the bulls. The RSI value is below 50. The OBV indicator at the top of the uptrend -...
Hello, dear subscribers! In the previous review we looked at bearish moods on the bitcoin market. For the last week the price has been in a correction movement after a sharp drop. The price range in the correction zone is $9,820 - $10,600. The resistance zone at the top is $10,600 - $10,800. In order to break bears the bulls need to get fixed above $10,800....
Price has confirmed a higher high, we are now going to sit and be patient until a higher low is formed before going long, preferably out entry would be at the 50 fib level as we have a few confluences here, such as a structure level which price has respected previously, and we will be interacting with the 50EMA. Need to wait for a confirmation candlestick if we do...
Hello, dear subscribers! In the previous review, we reviewed the possible future movement of the bitcoin price. In the past days, bitcoin was traded in the range of 9,800 - 10,500. Currently, the price of bitcoin - 10,180. On the 4-hour chart support area - 9,500 - 9,700. We are in correction movement after the dramatic fall of the bitcoin price from 12,040 to...
Hello, dear subscribers! In the previous review we reviewed the price movement of Bitcoin in the trading zone $11,200 - $11,900. The price of bitcoin at that time was at the lower border of the zone. Bears failed to gain a hold below $11,200. As of today, the price of bitcoin is $11,900. The bulls are attacking the upper limit of the trading zone. If they...
Hello, dear subscribers! In the last review we wrote that the bulls were testing the upper limit of the trade zone 11,800 - 11,900. After the bulls failed to pass an important border, the price of Bitcoin dropped to the lower border of the trading zone - 11,100 - 11,200. This movement formed a local downtrend. In case the bears managed to break through the...
Hello, dear subscribers! In the previous review, we posted that the price of bitcoin entered the correction zone $11,300 - $11,900. Currently, the price of bitcoin is $11,790. The bulls are pushing the price to the upper limit of the range and trying to develop an attack at the level of $11,900. Closing a daily candle above $11,730 will be a good bullish...
Hello, dear subscribers! In the previous review we looked at the future of the upward trend in the bitcoin market. Support levels for the global uptrend were indicated: $11,200 and $10,500. The current bitcoin price is $11,750. The bulls did not hold the price of the bitcoin above $12,000. Bitcoin is still in an upward trend, the price is in a wide trading...
Hello, dear subscribers! In the last review we talked about that the price of bitcoin in the coming days will be in a wide range $10,700-$12,000. The need for this appeared after the impressive rise in the price of Bitcoin from $9,250 to $12,150 starting in mid-July. In order to continue growing and attack the resistance zone of $11,800 - $12,000 bulls need...
I'd like to see price head towards 1.19 Based of the 4H,D and weekly, id like to see a push up more during London/New York session. Ive opened buys already... Stop below previous LH. 3:1 RR
If we cant finish the week below 94 I will be expecting and looking for a reversal and eventually a retest of resistance zones in the 96 region. If market conditions are favorable up around 96 I will look for bearish DXY plays. Looks like we are playing major price levels for the time being i.e. 94 95 and 96. Currently waiting for 94.2ish for possible bullish DXY...