Following on from my last analysis on bitcoin, I am still expecting a move up to around 8K and that will complete a 3 wave correction on H4. On a lower timeframe you will see a possible 5 wave correction. However, the market currently stuck at a major resistance level and I will not be surprised if we don't end up breaking that resistance at 7K but the structure...
THE LAST TIME WICKS OF THIS NOMINAL SIZE OCCURRED, BUYING HAD BEEN BANNED (FOLLOWED BY BUYING LIMITS), THE VATICAN WAS SHORT SELLING THEIR METALS RESERVES TO SUPPRESS THE PRICE, AND THE CURRENT FUTURES PRICE SUPPRESSION MECHANISM WAS ESTABLISHED!
A few key points to review
- Volume has been increasing as this breakout from 67s occurred
- High lows are continuously being formed
- Gap to 7700 looks to want to be filled, as volume continues to increase and the orderbook for resistances looks thin between 7200-7700s.
- Traditional markets quarterly earnings will be releasing over the course of the next 2...
Altcoins will see a huge bullish breakout from consolidation range.
I expect us to reach 118B and if we break above that level its moon time from here!
If 38B fails as support things would get bloody for longer.
simple TA simple plan.
Straight forward and profitable.
Hello traders. We are catching the waves accurately. EURUSD is Moving as predicted. We will see the downside from AR level it will break Bottom and will move up. Spring is a final wave to the downside. I have also mentioned how to trade after spring wave for maximum profit.
Hit the like button if you find it helpful and informative and follow to catch the waves...
EURSGD Potential Bullish Movement
we are waiting for a momentum candle close above 1.560 to buy this one
1- Divergence on MACD (still forming)
2- Objective Wedge (in blue)
3- Support and Round Number from Daily (in purple)
Three confluences are enough to consider Buying EURSGD, after a break below 1.560 (in gray)
Now that we have dropped very hard it lead me to question my original analysis of it dropping further.
I think this drop may actually be a very large bear trap.
Thinking back to Bitcoin cycle everyone thought the top was 7k when It tested 5k but that was really a huge bear trap.
I am also seeing the same fractal Ethereum made before it went higher....
Affter break a down trend line we start see a formation of a new up line trend. Its possible to see the up trend respecting and rejecting right ehere the support zone is. So is expected for this pair that can go up at least till the next strong resistance or very close.
The RSI is in oversold and is another good confirmation for possible buy positions.
Waiting on confirmation of this breakout of trend-line dating back to february. Good news on OIL could help CAD pairs recover!
Waiting for re-test of 23.6%fib lvl to search for a good entry! Keeping an eye on this one.
What you think? Leave a comment and forget to like!!
Also, if you want to talk directly with me and other traders, join us on Telegram!!...
Hello and welcome to my Trade Idea of the currency pair NZD/USD.
Let's start with the Top Down Analysis.
Monthly: The monthly timeframe is overall bearish but the last months are strong bullish.
Weekly: The last weeks are bullish.
Daily: We can recognize on the daily timeframe a bullish trend.
H4: We draw the counter trendline on the H4 timeframe. We see a...
Not much of a trade set up, although prices to the upside are probable with the 1 hour bullish divergence formed. It had just started pumping as I was posting this. Regardless, trade set ups are now private, I have formed a business with a buddy of mine giving Trade set ups on Telegram. We are not live with the contracts as of yet, but we are building a little...
Crypto Knocked by Virus Worries
Just when a major cryptocurrency renaissance was getting underway, a global pandemic has knocked the wind from Bitcoin.
In the lead-up to the BTC halving event, it seemed for a moment like there was simply no stopping the world’s number one digital asset. However, nature had other plans as the Coronavirus emerged and quickly...
Welcome back traders,
Bitcoin has been all over the place lately. The bulls are holding out strong, receiving support from the 21 exponential moving average(EMA) at $8,221.40 on the weekly. It is likely not a coincidence that we saw trend support at $8,233.00 the week of October 14, 2019. A weekly close above the 21EMA is crucial for the continuance of BTC's...
Hello and welcome to my Trade Idea of the currency pair GBP/USD.
Let's start with the Top Down Analysis.
Monthly: We see on the monthly timeframe overall a bearish trend but the last months are bullish.
Weekly: Weekly is bullish too.
Daily: Here we see a trendline and because of the gap the market is under the trendline but the market can turn for two...
Hello and welcome to my Trade Idea of the currency pair GBP/AUD.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is in very strong bullish trend with nice up and down waves.
Weekly: Weekly is very strong bullish too. Because of that strong trend a bearish engulfing occurs at the 16.12.2019 included a huge bearish candle.
Daily: The price...
Hello traders investors and community, like many people talking about the next bull or bear phase I want to have a rational look on the things going on, as of talking, technically we are still in an overall big consolidation...