For all the crypto guys out thereBTC has continued to trade lower over recent times ahead of the concerns around security regs in the crypto market and what the impact will essentially be in the future to the digital currencies.
Right now, we can see a huge bear break of the liquidity zone (now directly above of price) that we are expecting price to come back and retest to confirm the bear rally that could take place shortly after.
We are simply looking to follow our process of breakout -> retest -> continuation and the target we're aiming for is the next big liquidity pool below which is based at approximately 30k.
Anchor_broken
EURNZD Currently in accumulation phaseThe EURNZD has recently broken free of an equilibrium zone prior to entering into its accumulation phase.
Should price breakout above the highs of the current zone highlighted above then we should expect a nice bull run up to previous area of resistance. However, if price breaks below the bear anchor point (lower limit of the highlighted zone above) then we should expect a drop back down inside the highlighted zone below.
Either way, its currently at a decision point and looks good for a breakout in either direction.