Bitcoin: BTCUSD Update Quiet: No Buyers/No sellers, yet
So we got the rally from 6300 - the 6312 level has been constantly mentioned recently as a minimum downside target.
And it so happens that 6301 is 20% exactly from the high, a text-book retracement. So am thinking that we need to pay it
a little more respect next time we visit it, when this little counter...
Still marvel in amazement at the classical way that this thing behaves...It is a text-book chart of the future for absolute
sure. How long can it go on ? Time will tell..no stops at 7830 and above have been touched, so we're still riding this
monster as she dives deep, and so far haven't been thrown off her back
There is minor support at 6445,...
Don't like this pattern very much. That bloody trend line just won't quit ... running out of near term momentum potential.
Decision time: depending on what type of trader, day or swing or long-pull; Day-traders stick a stop right under it, around
7320...next stop at just under 7300 and final stop remains
under 7250 for now...it really needs a...
DXY Dolar index
Low at 97.28 just 2 pips under the trigger - looks very bearish but concerned about getting sucked in before the open....need to be careful here as a chance of quick rally towards the upper parallel before coming off again. Whilst trapped under that parallel the Dollar will remain under pressure and will turn full-on bearish on a break below...
Sorry for my Head and Shoulders analysis completely wrong i cant delete it .First of all, the downward trend has to be passed completely. RSI is weak now too.If USDTRY can break MA20 too, we must do other technical analysis.
Bitcoin trend analysis in a few years
Investment risk is too high to buy
Bitcoin price may be low
If downward trend in next month
Buy at this price point is very risky
i have a bad feel about bitcoin and worry about bitcoin price...
Today RBA Cut the the Key Interest Rate by 25 basis points From 1.75 to 1.5 as Consensus suggested.
The Australian Dollar rallied and now has formed a Bearish RSI Divergence on the 4 Hour chart after Hitting Important Resistance of 0.7620-30 looks Like it will pull back a bit at least to 0.7540 which also a important support and fib level before rallying...
EURGBP could be facing a potential reversal, looking at all the signs. I have explained the crucial areas on the chart, but I will go over it in more detail.
As we can see, the pair is closing in resistance at 0.8, which is working as a strong resistance, but due to it being a physiological level, but also because it has held multiple times throughout...
AUDUSD HAS BEEN FORMING A MONTH-LONG WEDGE, AS WELL AS A DOWNWARD PITCHFORK. AUDUSD IS ABOUT TO INTERACT WITH THE BOTTOM SUPPORT OF THE WEDGE, BOTTOM SUPPORT OF THE PITCHFORK, AS WELL AS HITTING A FIB LINE. IF BOUNCES, LONG, IF BREAKS ALL THREE SUPPORTS, MAJOR WEAKNESS SIGN.
CREDIT TO: ICETRADING FOR THE ORIGINAL PITCHFORK CONCEPT.