I've been in a short position in USDCAD for a few days now. This entry was based on my analysis of the failure In price from the DAILY HIGH price level of 1.46853 back on January 20th 2016 (top WHITE LINE). A price range/channel was formed when this price level failure hit a low of 1.20620 (bottom WHITE LINE), giving us a potential area that price is seeking to...
Green lines are support, red lines are potential resistance. Purple line is 1st profit target. BTC is holding a parallel channel inside a descending channel. Price continuing to hold above the green line will signal a potential channel break of the upper Red line, marking the supply zone of the descending channel. Break & hold of this descending channel will...
There has not been enough buying of btc to hold price above crucial levels. Unless it retests the green line & can hold above the gold, btc is dead (long term). I've been catching some day trades here & there but still not convinced enough to HODL...
The white lines wrap around recent high & low levels, forming a sideways channel. If BTC holds above the bottom white line, it should continue moving up to retest the top white line. The top white line is a key Weekly resistance level that we must break above & hold. If price does, this indicates a continuation of BTC’s uptrend.
Longer term view of BTC. BTC remaining above the green lines indicate that price will continue to rise. A failure of the Red line will mean traders are selling shares. If price can’t get above & hold above Red line, we will see BTC fall below $7k. This whole process will take ate least a week to play out. Buy the lows, sell the highs...don’t be greedy.
Pullbacks into the 1hr buy zones are buyable. Short term profit targets are the purple lines. Price holding above all these lines will see a move back to retest the high. Falure of the 1st purple line will see BTC continue to retest the current low or fall below $7k. In that event, the trade will fail & I'll exit the position.
Red lines indicate BTC is set to fall over the long term. Green lines are buy zones where price may find temporary support for some short term profits. With the recent week's price action, BTC isn't seeing enough buyers stepping in at these levels to make a new high yet. This could change if BTC manages to hold above the downward sloping channel (above the top Red...
Every wealthy person & government on the planet owns gold as apart of their asset portfolio. That’s all the explanation you’ll ever need for buying gold after breakouts on daily & weekly levels.
The retest & hold of the current trend & parallel channel will signify continuation of the bull run. Failure of both gold lines will see a retest of at least $7000
My 30 min analysis of where BTC should have a decent reversal to retest the high.
Bitcoin is still in an uptrend. Anticipate buy zones. If these levels hold support, a new high beyond $20K will be made...
EURUSD 30min setting up to continue fall...
15min chart entry zone, drawn in green. 1st profit area is the recent high just above $12500.
green line is proving as support. a move back to the high is a potential reality...
Long on gold at the break upward of this blue trend line. I’d rather get it on a pullback to the red line 200sma. Markets falling & other economic factors could easily see gold up to $1700 by next year.
Unless price can hold above the green line, we’ll be shorting stocks until about March 2020. If you can’t short, buying a market inverse ETN like TVIX or the VIX will keep you in profits when markets fall...
price holding daily 50 & 200 SMA. Purple line is1st profit target.