Looking at the BLX chart using the log scale I found out a possible re-occurring pattern that formed in the 3 bull/bear BTC markets, where Bitcoin forms a long term uptrend during a bull market, after the peak re-tests it and after a first bounce it tests it again and breaks it, it happened 2/2 times is it going to happen the 3rd time too? Looking at the...
Re-entry on last LH area before the break of the structure.
EOS / USD On a global scale, formed a downward channel with a step of external 700%, internal 190%. Trading inside the channel. Now the price is moving in the local downward channel in increments of 50% . The price is now near support, potentially, if support is confirmed in this formation, you can take a local movement + 50% EOS local downlink. Potential +...
More to drop, then PUT your thumb DOWN! Deferring to the High 5 CLUB, join me in giving each other HIGH 5's for 2020! Look for the quick down n up
NZDUSD Trend Line with a rejection already beginning to show. Is it finally time for NZD to weaken?
We've had a hunt of last equal highs and broke the structure. We're now in a short strucutre and I'll look for an entry near the last smal bullish candle before the fast down move. I'm looking to for that liquidity arround 0.97100.
With GBP index at the extreme optimism level, it could possibly mean the time to short the currency is around the corner - just in wait for further price rejection after the inside bar candlestick
With GBPJPY showing extreme optimism on the daily chart, it is possible there is a pullback if the price also witness another price rejection as observed in CADJPY.
We saw CADJPY rejected at its resistance level on Friday, any further price rejection at this zone on Monday, will indicate the pair is ready for a short term pullback
Indicators are throwing quite a few signals, price could go either way technically. A grind sideways till some news breaks out with the trade deal, repo market, and or petrol dollar/world currency dominance slip could send gold up or grind sideways till the markets give. The trend is bullish overall for the past year as gold has had a nice run. China and many...
Gold has been in corrective wave since mid-August and now bullish on daily. For now, I am neutral on gold until I see the weekly sentiments turns to bull (weekly sentiment is bearish). A rally above the bullish wedge can change the weekly dynamics. Seasonality, gold is bullish, so a pullback on daily towards after weekly outlook changes will be a good entry for buy.
On the daily, a pullback of AUDUSD towards the trendline could be a good zone to go long on the pair as the sentiments for both weekly and daily are still bullish (as indicated in our post last weekend - see chart below).
NZDUSD is now giving evidence of exhaustion on its rally. With the rejection candle observed on the daily chart, any rally will be greeted by some bears
Weekly market sentiments is still bearish, any rally to the resistant zone is a selling...
With the Dollar Index at the extreme bearish sentiment on the daily, the index likely to make a short term rally in order to re-test some resistance levels
Here you can see the predicted path up until the night before, after that, bulls will show up in 2020-2021, be prepared, if you want Like or comment is appreciated in advance! Tips or Crypto4hire desires (PM): XRP: rGNkgs26fJnNW1B9vmz4UwEmMjPz5BW54M BTC: 1KTy1Xgaq4RXFaXMFGoT2dau22kZfrVwCc LTC: LMqXmMJeRutn2DhAsSoS8gBkVyuCLAnhtF