Today we will finally look at LTC / USD. Why now? If you're watching the crypto market actively, you probably know what has been going on for the last 48 hours. The current situation is very favorable for altcoins. Bitcoin stands in place, dominance decreases and altcoins grow. It all started with EOS / USD last week, and in recent hours, ETH / USD,...
Welcome back to another update, this time on BTC, The Calm Before The Storm!
Bitcoin has been trading within a very tight range coming into its apex within the macro descending triangle formation.
Usually this is a bearish formation, however coming from a very strong impulse move up, we can literally break either direction…
Points to consider...
Today we look at MATIC/USD. Matic is a new cryptocurrency that passed through the Binance Launchpad. The coins that have gone through the Binance Launchpad have quite similar charts and the big point is that they usually start to grow among the altcoins first.
Matic is also marked by a decline, and although we have seen slight growth in the last few...
EURNZD Short/Sell Idea
waiting for a momentum candle close below 1.735 to sell this one
1- Regular Bearish Divergence on MACD (in red)
2- Objective Trendline (in blue)
3- Rejection/Supply zone from Daily/H4 (in orange)
Three confluences are enough to consider Selling EURNZD, after a break below 1.735 (in gray)
Waiting for GOLD to break one of the SR zones.
After breaking, we put a pending order to the outer edge of the zone.
Highly recommend to use Twin Trading, for bigger potential profit.
Stop Loss - I'm using max 40 pips stop loss. The most important is, to put it behind the SR zone. But it all depends on your strategy and RRR.
Take Profit - Put take profit at the...
Continued Euro weakness and uncertainly may strengthen the Yen. Technical trendline break is a possibility if the pair close below for the week. Considering cloud analysis, its still very much bearish but it is at a level of support which may stall the move down. Will have to wait for price action to indicate otherwise to proceed with long sell of the pair.
Pair : #POE / #BTC
RSI : 59
TA Notes :
- MACD :Already crossed over for a bull run indication.
- EMA : Looking bullish below the current candle stick formed showing a short term bullish trend formation.
- Volume : Needs some more energy to see a good spike but looking fairly good for now though.
- A good formation of candle stick...