My take on current Bitcoin price position. I'm more bullish than neutral but I'm still waking up and rushing to check the price in the morning hoping it hasn't crashed. So many concerns with government and banking institutions stepping in. US gov, Chinese, EU, IMF, World Bank etc can take any measures they want and they will if Bitcoin threatens the status quo, ...
EDIT had a lovely flag setup. It continued further up and started to consolidating within a downward channel. Now it seems broken out the channel formation. We think it has good upside potential from here.
* Trade Criteria *
Date first found- March 13
Pattern/Why- Flag formation; Downward channel breakout
Entry Target Criteria- Break of $25.21
Exit Target ...
FX:EURUSD
Check this previous published idea to get sync:
https://www.tradingview.com/chart/EURUSD/aZV014uD-D-Gartley-1st-fib-target-the-38-2nd-618-The-Shark/
Safe Trades;
Actually regular bullish divergence on MACD
Watching price crossing red trending line
Long if crossing upwards in green area
Cautious if going in red area
Primary bullish target 1217.50
Keeping an eye on 1243.60 take some profits there
Stop loss 1199.55
Price @ Bottom Of Daily Channen
.382 Tracement of 2nd UP AB SWING
Major Pivot Point (marked with BLUE CIRCLE)
First Target @ Major Daily Resistance (before UP boundary of the Daily Channel
AUD - INTEREST RATE 1.75%
SWISS INTEREST RATE -05%
We are in consolidation, if market will stay in zone we might see potential Bullish BAT, Entry can be moved above 1.5 to ~1.5010 because we might see bounce from that level.
Many are suggesting that this pair could drop even further and make new lower low and have cited potential bearish H&S pattern and prior strong bearish move to support the idea of continuation of the bearish trend.
However I do not feel that this is likely for the following reasons:
1. Having dropped from 2008 high to 2012 low is now in recovery or retracement ...
