BTC/USD is still perfectly on track, we bounced off the supporting trend line and we're looking for support at the 200 daily MA, we needed a correction, nothing just goes straight up. Remember: When in doubt, zoom out!
Stay safe ;)
According the VWAP standard deviations and the unusual volume, Moderna had due to the coronavirus cure news, Moderns seems to stabilize at the current market price, if price crossed the 3rd VWAP SD line it will continue to reach the 4th due to buy pressure, otherwise it will slide to stabilize around the VWAP mean
you follow us on t.me for more...
Hello Traders !
Nice USDJPY Setup. We are at a nice daily Demand Zone. I expect the price to go up from here to one of the marked Supply Zones. Watch Price Action in order to determine your entry.
Watch Price Action, follow your trading plan and trade carefully friends.
Let me know your view on USDJPY and what you think about my Analysis.
Please leave a LIKE to...
This one I expected a continuation of an upward movement. The wave structure is indicating that the correction of wave C is over indicated by clean retracement to the 0.382 fibonacci level, now the chart is pretty much bull and suppose to retest the level of B, 0.86xxx. Hopefully it also end the higher degree correction, wave (2).
USDCAD is in a three-wave drop for a wave 4, a temporary pause within the bigger, bullish trend with possible support at the Fib. ratio of 38.2/50.0 (1.322/1.3185 zone). A sharp, and strong recovery towards the 1.332 high would suggest a wave 5 to be underway.
- As we predicted earlier on our last update on Bitcoin, we have predicted the coming corrective move to the strong support at around $9236 and we are actually seeing the outcome exactly as predicted after the rejection of the upward trend at around $10111. Currently it is trying to test the long term support depicted by the red line on the chart...
First time publishing!
Looking on the daily chart here, I believe we have a pretty clear 1,2,3,4,5 wave setup going on.
My thoughts are we could see one more down move for Litecoin to the .618 fib level ~$65.65 then a wave 5 up. My targets are $100-$105 for wave 5's top.
Daily RSI still has room to drop
Daily MACD crossed over and the histogram...
4H ETHUSD analysis
I'try to be as brief as possible. I used red color to mark bearish signs and yellow to mark rather uncertain or neutral signs. Green would be for bullish signs.
1) Horizontal triangle. In some scenarios neutral pattern in this it first looked as a bullish penant, but since it broke down we could expect a brief change of trend from bullish to...
Right now is undoubtedly a time when Bitcoin enthusiasts & investors are glued to what the price is doing. I see all kinds of analysis, predictions (different from analysis), fund managers tweeting horrible looking technical analysis with a MACD and a few unconfirmed trend lines, drive by media reports from their “experts” and so on. To be honest, we are at a...