We've seen 153.000 act as a major resistance for GBPJPY while being stuck in this descending channel. If we see this descending trend line tested again it could form a double top opening up a move to the downside. We will be keeping an eye around channel resistance.
Take a look at where we are in the Bitcoin Halving Cycles from 2013 to today, the current cycle support lines have been drawn for months. We are right on track and with this recent Wyckoff Distribution Schematic (see previous charts) it created a great buying opportunity.
You might be worried about Tesla's move on BTC, this is just a temporary news, no need to panic. I think BTC has completed it's 5th wave ABC correction. All other coins were due for correction and this price action is ensuring that.
I expect BTC should lead the next rally on cryptos for making new highs after stock market specifically Nasdaq touches...
Analysis is purely on technical base read before making any comments first
Bitcoin is in bearish mode all indicators showing high chance of bears
1- Elliott Wave
BTC made move from break 19000usd level and moved according to elliott wave
I- wave 1 and correction
II- wave 2 and made correction avoiding breaking the pick of wave 1
III- wave 3 done...
Hey everyone! So, it was earlier said how prices would shoot in XAUUSD, which as we can see has occurred. Simultaneously, it was forecasted that prices would rise- like they have- correct and then fall a lot. We can see this starting to take form and prove the forecast to be somewhat accurate so far. Any ideas or suggestions would be appreciated.
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TF: 4 Hr
Eth seems to be consolidating, I would like to see a break above either zone for a trade. My biased is price revisits ~$1300. Lots of wicks there which signal show strong buying at those levels. If price decides to visit that area, I would not be surprised to see a strong wick through the $1300 zone to grab liquidity/long stops.
Bitcoin has made new record highs today continuing it's strong upward momentum in particular since Tesla announced last week it invested $1.5 billion in Bitcoin and plans to accept cryptocurrency as payment. Now that the cryptocurrency has broken through the $50,000 psychological level we believe prices could challenge $100,000 at some stage this year whilst above...
EURUSD analysis for this week on the path of price action - As we can see, there will be a drop in the price of EURUSD If you agree with my idea, please leave a comment and Like - Leave a comment on my idea to have a discussion.
Hello friends you can trade in EURCHF break the trend line in few HOURS..
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we have a good opportunity here , this pair make a correction at the .5 fib on 4hr chart then a big bullish candle of 4hr chart ,after break the .92 resistance zone we are going to the 93 resistance zone ,we can long this pair
As you can see, LTC, after longterm rest, is ready to move up, and there is a regular divergence (RD+)between wave a and c; the best way for entering the trade is using a trigger, and I show you on the chart the excellent trigger for this circumstance is breaking the trendline.
The risk to reward ratio is impressive.
Currently, the short term trend of BTC is becoming hard to predict as some of the altcoins pumped a lot like XRP, LTC and ETC. However, to be the leader of the crypto, BTC and ETH didn't follow, we could only define these pumping as a single action of the main force, it's not easy for these coins to stabilize on the current level without the reply of BTC.