This is my projection for the next 5 years. Bitcoin always rapidly grows after the halving event. But around 16 months after the halving event, Bitcoin started to crash significantly. On the chart, we can see a very important Fibonacci channel on the LOG scale. The 0.618 FIB is always a strong level, and bitcoin hit it almost to the dollar in 2022. Take a look...
USOIL is in enormous bullish trend and best thing to do in such cases is just ride the trend. As the commodity is correcting a bit which technically giving a buy option for another leg up. What you people think of it ?
OANDA:XAUUSD is breaking the range support, and on the daily chart the price is testing one of the key support levels. Here the candlestick analysis indicates the preconditions for further decline The price is breaking the support of the descending range. Consolidation of the price below the previously broken support is formed. Since the price is forming...
OANDA:XAUUSD is forming a descending range after breaking the local trend. On D1, the chart is showing strong pressure from resistance and is forming a descending triangle which could give a strong fall, but there is news ahead... The price is testing the support at 1943 with the last move, making a false break and thus updating the local low to 1941.29. Based...
USDJPY is strengthening, making a false breakdown of local trend resistance. A correction towards the key support area is being formed, a rebound is likely to follow TA on the high timeframe: 1) False break of 142.25 may form a rebound to 140.7 2) The price is updating the local maximum, we should not expect a strong fall, as the market has a key target of...
FX:EURUSD is forming a false breakdown of the support line. The price is still trying to hold within the bullish trend The false break of the trend support led to an increase in liquidity, after which a reaction is formed in the market, which brings the price back into the channel and confirms the false breakdown. The false breakout may be followed by a...
Make a comment with your altcoin below this idea, and I will give you my opinion/analysis of it in reply! Make sure you hit the boost button as well to participate. I will answer your comment with an analysis for you on the weekly/daily chart (long term). I start my analysis with Bitcoin: The bart pattern is a new type of chart pattern that occurs...
EURCHF is forming a reversal set-up. Against the backdrop of the global downtrend, this doesn't tell us much, but if the price overcomes the resistance, a quick trend reversal could be in order TA on a high timeframe: 1) Strong bearish trend 2) Price continues to fall and test the bottom 3) Liquidity area that may be of interest to the market is above 0.96500 TA...
In mid August 2020 bitcoin was putting in something on its daily chart eerily similar to what is happening currently with the bitcoin price action. That 2020 chart is not shown here, but just to quickly recap for those who were not around then, bitcoin was coming out of a long bear market, putting in higher highs and higher lows, to the point of finding itself...
GOLD after retesting the support area of the uptrend forms a false break of 0.5 fibo and declines, updating the local minimum at the beginning of the trading session. The market is forming consolidation below the previously broken support TA on the high timeframe: 1) Price in range, resistance was tested earlier 2) Price failed to make a new high on a retest of...
OANDA:XAUUSD forms a false breakdown of the specified resistance level of 1959.8. The fundamental factors of last week indicate the weakness of the instrument After a strong bearish impulse from the resistance of the 1983.7 range, a correction is formed aimed at retesting the 1959.8 area, the resistance is not broken and the price begins to decline. An attempt...
Lupin is looking good for buying/Trading, Nifty Pharma is closed positive note for tomorrow. Lupin is making ascending triangle pattern at 15M and 1H Time Frame you can trade with small StopLoss. Entry : 935 StopLoss : 927.5 Target : 950,961
FX:NZDUSD forms a false breakout after retesting trend support, so we have the prerequisites for a new bullish movement. The price returns to the boundaries of the ascending channel after the support shake. Earlier, there was a shake-up of resistance, and the price fell to support. The price tests the Fibo 0.236 and forms a consolidation above this line, the...
Gold on Friday is buying back some of the fall that happened on Thursday. A correction is forming and price is testing a previously broken line and a key fibonacci area TA on the high timeframe: 1) In the coming trading week, we should pay attention to the consolidation forming in the 1984 - 1938 range boundaries 2) A breakout of the lower boundary will break...
BITSTAMP:BTCUSD is in the correction phase. The market is forming a decline in volatility to the lows of the last few months. Globally we still have an ascending price channel and a bullish trend. The price is declining to the limits of 0.382 fibo. Consolidation is formed above this line, in this case if the price continues to consolidate near 0.382 in the...
OANDA:XAUUSD is falling. After the news press release on Wednesday and Thursday, the price fell by 2.27 and this is one of the biggest drops in the last few weeks. The opening of the session begins with consolidation and repeated retest of support The price is testing the support of 1948.16 and forms a small pullback and this is a fairly predictable reaction....
FX:EURUSD is forming strong declines after the news on Wednesday and Thursday. The price is weakening by 2.95% amid the strengthening of the dollar On the chart I have indicated the current range with a width of 3.97%. The range boundaries are resistance at 1.1075 and support at 1.0635. At the moment the asset is within the ascending channel, but this is not...
USDCAD is currently trading in an ascending channel. The market made HH HL. It broke and closed above the resistance that was tested twice. Price is coiling up before breaking through the level.