After a bearish breakout of a major support level
bears are exhausted and the market starts a correction cycle.
Head and shoulders pattern is a clear indication of bears unwillingness to go lower,
so we can catch a pullback.
Buy the breakout of a neckline.
Targets based strictly on structure.
Find more analysis on gold in...
History and Application
This parabolic curve pattern was first observed in the markets over 50 years ago and was misnamed a parabolic trend. Then, observing a parabolic curve pattern on the charts was a rarity. With increased market participation in forex, with the added propensity to have increased buying and selling pressure on a currency pair by an increased...
Bitcoin Cash price on Friday is on the back foot, down in negative territory by some -2.5% in the second half of the session.
Next major target for the bulls will be for a return up to the $400 price territory.
BCH/USD Breakout and sable 303 level Buy this position first target is 331 level next target 340 Area and final target is 400.
Recently due to the news from EU euro wenr down. Now we can see a corrective Elliote Wave, where wave 1 is already done, wave 2 is in progress, so we have a reason to wait for the wave 3 down. In addition, there will be some news about EU at Monday, so it's highly likely we'll see another strong wave down. I suggest to put a buy stop order under the end of wave 1.
on bitcoin we have very nice potential selling opportunity:
on 4H chart we have almost completed bearish harmonic bat pattern.
Looking left we see that the pattern completion point matches perfectly with
a significant level of structure resistance looking left.
+RSI shows clear divergence.
on 1H chart we...
Bitcoin is dancing with the 61.8% Fib level with a previous drop from $5,321.82 and a low around $4,950. BTCUSD buy 61.8% Fib level price 5000 Area. Target 5700 and 6000 level . BTCUSD not breakout 6000 area then sell position is best target 4000 area . Technically 6000 area is strong Resistance in BTCUSD, this area break and stable buy this level .
Euro dollar pair is very close to a demand zone.
Lookin left we have a significant support zone between 1.118-1.122.
Pattern completion point is inside this area.
Buy only with confirmation!
Please, check my signature and related ideas!
THIS TRENDLINE IS NOT BREAK FROM BUYER
WHERE TRENDLINE BREAK FROM BUYER IS 100% SAFE FOR GOING STRONG BULLISH
BUT FOR MOMENT IS IN CONTROL FROM SELLER AND WE WAIT SIGANL FOR RECOVERY
We do not know yet for sniper entry but we will see the news further as 1D has not yet confirmed a buyer's control
The stage of getting rid of hamsters is already over.
The beginning of the 4-year cycle of Bitcoin.
The maximum price of a new next cycle is $ 230,000
Time to accumulate positions.
Like gold, Bitcoin likes to hurt traders.
Even in growing markets there is such a draining of prices.
Before the asset begin to conquer new peaks.
I do not see how Bitcoin breaks...
Why I’m bearish on Gold and Gold Miners in the short to medium term:
All the following items provide a positive market sentiment, and a stronger willingness for investors to allocate money to risky assets such as stocks rather than safe haven assets like gold, and therefore selling of gold miners.
1.) Still strong US economy, based on the slew of positive...
USDCAD 1.3400 acts as nearby resistance, a descending trend-line from March-high, at 1.3440, could challenge buyers afterward. In a case prices rally beyond 1.3440, next target 1.3510 and 1.3600 .
Downside is 1.3315 and 1.3250 may entertain short-term sellers prior to challenging them with an upward sloping support-line at 1.3220 and 200-day SMA level of 1.3200...
Hey, what's good homies! I feel like its been weeks since I posted, but I finally got it done. In my previous article, I did say I have a big article coming up, and this is it. This post in particular has many things to cover, so let's get started!
Let's quickly summarise some key points throughout this post:
- Ascending triangle
- 6k support is now a 6k...
EURUSD on the path to re-test of 1.12. The newfound resistance range of 1.1310-1.1325 will likely be scaled in a convincing manner if the PMI's jump above 50.00, signaling a rebound in the factory activity. EURUSD Sell level 1.1320/50 Area first target 1.1260/1.1215 and finally 1.1180 area.
Other side of EURUSD breakout and stable 1.1400 Area first target...
Hello my dear readers,
I was doing an analysis of Bitcoin for my VIP's and found some interesting things.
(On a Weekly Time Frame)
The most interesting is that the Money Flow Indicator recently increased to a level that was not seen since January 2018, indicating huge buys are taking place- without much price movement.
Another interesting find is while bitcoin...
Final target for XMRBTC to settle (in my opinion) is 0.16 (current 0.0130)
XMR has the potential to be the number 2 Crypto currency. 1) Bitcoin 80% 2) Monero 16% 3) T.B.D 3.2% etc.
A must long-term hold for every self-respecting digital asset investor.
An interesting analysis to read from SATIS Group:...