In this daily chart of GBPCAD, we can see the pair reaching a strong resistance area at 1.7800 zone. This leading to a possible double top chart pattern and we can look at possible shorts for this pair. It may drop to the 1.67840 area and possibly as far as 1.58350.
Put my annotations on here for fun, I do not trade bitcoin.
Couple scenarios if you got time...
1. Price moves above the major trendline and the 11800 resistance (Feb20), would be more bullish.. then soon after, overhead is the 12750 resistance, if price breaks above both of those areas theres nothing until 17200.
2. Price falls back below 9300 support area and...
Support around 8250 may provide a small bounce (grey boxes)
Main movement is probably back down to bottom and a little further. Previous bounce came at €uro support line (~6000), and there will be another small bounce here.
However, the main bounce will come from the $ dollar support line at 5400. Providing an opportunity for re-entry.
Other Markers
The...
Hey guys!
As you can see, my last post played out, hope you all made profit on it.
Here is what I was chatting about earlier, massive Hidden Bear Divergence on the Daily BTC/USD Chart.
Opposite to regular divergence, hidden divergence is indicative of a trend continuation, not reversal and that’s why we look for hidden bearish divergence in a downtrend.
The...
I lacked a piece to understand how far to dare with imagination and foresee the development of this new "coin war".
In the end I found it and convinced me immediately. An unusual Fibonacci expansion suggests to me what will happen in the coming months. And it does so with great precision. Let's get ready for the flight of the euro.
Long by 1,3600.
Looking at XRP it has recently broke above the resistance line and is testing the top of the symmetrical triangle. If it can continue this pattern we should see XRP climb up to around the $1.66 level where it will test the next resistance level.
I am new to this and this is my first chart to publish. Any and all feedback would be welcome!! THANKS!!
Happy...
I would like to go for downtrend but there is always risk behind our trade. Let's see this time how risk is rewarding for me.
Remember this chart might be right or wrong. So trade with your risk management and the outcome of your own research.
This is only practice result. So do not take it as an advice and trade. Before you trade remember your risk of loosing...
BTC broke up and out of the long ending diagonal and now expect to defeat the 9400 resistance as it pushes to cross key psychological level of 10,000. BTC is now in a bullish pattern and I anticipated moves as shown by the RED A-B-C as we complete this move higher. I am long BTC and do not like selling it on weak days as overall trend is bullish. Breaking free of...
Ascending broadening wedge
around 70% of the time,
the price breaks to the downside.
and only 30% to the upside.
keep in mind that a Ascending
Broadening wedge have a significant
failure rate. and textbooks
advice to only trade in a breakout of
the resistance line.
I will short the price. because of more than
one technical analysis indicate, that the...
Fibonacci numbers on the way up were spot on. Use them on the way down for small gains.
This bump started when the Euro bulls got over excited at testing the November Dip. So I expect a retest of previous bottom at $5400, with another big bounce from the Dollar Bulls.
Watch for further indication from the RSI Daily dipping below 30%.
Caveat : I am not a...
The selloff seems to be unstoppable in the crypto-currencies.
Since the market did not do what I predicted yesterday, the situation changes a little bit, but the Trend bias remains the same.
The price reached the Support @5100 and looks like that it is starting to have some Buyers pressure.
I dropped to a lower time-frame (4H) to get a better perspective of what...
I was looking this cross and : the price is in a strong support, today is doing double botton and building a Hammer, and..... I do. Long at 109.400 with Stop Loss at 108.200 and Target Price at 111.000. Many days the price sleep on the botton > Can to be ??? I think yes and I do. By Ulisse010 from Thailand with love.
Follow on video to last nights video and I have to says... i actually was expecting the 200EMA to hold price action. I mentioned, last night I would be watching to see how today candle would play out and was hoping bullish, but that is not what is happening.
Obviously, I'm expecting the daily to close below the 200 EMA here in just a little while, which would...
A friend of mine asked me for some insight on COINBASE:BTCEUR (which can also be applied for COINBASE:BTCUSD but having the difference between the prices into consideration).
I found an interesting setup for a structure based trading / swing trading with a very interesting Risk/Reward, which I wanted to share with you.
(Please take into account that I do not...
