I think EURUSD will rise to the inverse head and shoulder neckline for a short upwards rally and then going back to the downtrend. For longterm prospect on the price of EURUSD we will have to watch for the actions of federal reserve chair powell, and as well the upcoming G20 summit on trade talks with both China and the EU.
Trade set up
Tactically buyers of NZDUSD can position to enter a buy trade either after a closing break of resistance 0.6883 (16 November high), or after a retracement and retest of the top of the bullish flag pattern around 0.6790. A break out of the flag pattern has given us the confidence to trade this from the long side. We are targeting 0.7100 in weeks,...
- G20 summit (markets been pumped prior to that event - dump on event)
- CME futures expire
- FED reduction
- 26-28.11 been Consensus Invest conference (BTC been pumped during that time - dump after event)
- notice very strong trend channel of entire correction since 6300$
- two gann fans supporting possible outcomes
- RSI bearish divergences
Consider the Data Difference between the first 15m of this Tradingview H4 Candle + Other Exchanges / Charts.
Price Trading below the 200 Hour EMA
Printing our 5th bearish H1 Candle as of right now
Order Book seems "balanced"
Expecting further profit taking to occur as investors move Cryptocurrency into Fiat Dollars with G7/G20 upcoming
If you like unbiased...
It is pretty nervous these days isn't it? So we will try to show you where we are and why it is not that bad as it looks.
Many of you complain about current situation but remember that patience and persistance are as much valued in this game as analysis and reflex.
First of all we decided to draw long-term support...
A wedge breakout, a descending trend line, Elliot waves theory, It all lines up. Bitcoin is going to 10k. Bitcoin has formed a descending trend line and has been kissing it about once a month. With it being 15 days since Bitcoin has toughed the trend line it is likely for Bitcoin to pump back up to 10k to touch the trend line. In January we saw bitcoin go through...
LTC seems to have formed a symmetrical triangle on the daily chart. If there is an outbreak to the upside, prices can potentially reach $470 to $500.
The following conditions have been met for the symmetrical triangle.
1. The general trend of LTC is to the upside. We have consolidated in the triangle after a bullish move.
2. The triangle has been formed with 3...
Still believe brother!
This is an update on my previous G20 LTC chart,
We are following G20 and so far so good, Financial regulators of G20 reject efforts to regulate Bitcoin and other cryptocurrencies as of now, rumors has it.
If this is true, i believe we'll reach $180 by then. I will follow on the progress and see volume, read news do FA research to combine...
LTC is looking bullish right now on the 4 hour chart. MACD has crossed over as well.
The good news from the G20 summit has had a positive impact on the price of BTC. BTC looks like it is forming a bull flag. If confirmed, the price should reach $9k.
If so, LTC should comfortably reach 165 to 175 since LTC's price action relies on BTC price.
Just my opinion....
LTC is looking bullish right now on the 4h chart especially as BTC seems to be recovering.
Positive news from G20 summit has so far had a good impact. BTC seems to be forming a bullish flag on the 1 hour chart and should hit 9k if the flag is confirmed.
If this is the case, LTC should comfortably get to the 165 to 175 range.
Potential bull flag spotted on the hourly chart for BTC. If confirmed, the price should get to $9,180.
Positive news from G20 is what gave the flag the pole. GG The price hasn't seen a drop since the rally up. If we measure the length of the pole and project it from the breakout point, we should get the price target which is around $9,180.
I tried to count potential Elliott waves up to the final price range that according to this variation should be in the 2800-3200 $ zone. According to the count and fibonacci levels, we could see 6300-6700 zone as target no. 1, 4850-5050 zone as target no. 2 and, of course, 2800-3200 as the final target.
It might take months to wrap up the slowest fifth wave, but...
Hi friends, pay close attention and check
1) Link G20 letter - There will be regulation. Do not believe the fake up news you're not going to, because that was the way the whales unloaded more before a deeper fall.
2) Crossing the averages in the weekly chart, which has not happened since 2015.
3) Loss of...
I included a 4hr chart simply to show that the 4hr is showing long... BUT, hear me out, this may not be the case.
So as you guessed, G20 summit was positive news for cryptos because as soon as the news came out, we rocketed up almost $1k immediately. So... We know that this spike up was obviously driven by news instead of fundamentals.
Let's be honest here,...
Tension is in the air. Anticipation is through the roof and Bitcoin is free falling! Well it was, before my idea got taken down. Lucky for me, now I can rewrite my idea knowing that we've just broke above the black resistance line! However we shouldn't get too excited just yet. We have the strong dark red dashed resistance line to get through first and then I will...
Positive news from G20 meeting.
"The Financial Stability Board (FSB), which coordinates financial regulation for the Group of 20 Economies, also resisted calls from some G20 members to regulate cryptocurrencies like...