Goingup
EURUSD Pair Has Negative Bias to the Downside...Be CautiousBy looking at the 4-hour chart and the daily chart, the EUR/USD currency pair has taken a turn to the upside. The pair had rebounded from 1.1211 a hair below our hypothesized bullish entry point of 1.1215. The pair had a 2.5% probability of falling lower than our hypothesized support area. However, we deduced that for something like that to happen, there would have had to be some kind of dovish catalytic speech/sentiment uttered by the European central bank president Draghi or similar dovish news.
Therefore, we suspected that sooner or later the pair would attempt to claw back to its hypothesized moving average of 1.1506, but before that happened, the EUR/USD pair would’ve had to elevate toward our 1.1215 mark, which it did. Now, we are convinced that it will continue in the short term toward our next hypothesized target of 1.1361 before it finally gets back to its moving average sweet spot of 1.1506.
There is a strong possibility that the pair could surpass its hypothesized moving average of 1.1506 and continue toward our next target of 1.1652 and possibly 1.1798, but this is as far as the pair will go up the charts because fundamentally, the Euro zone economy is weak, and the Eurozone’s economic cycle is nearing its peak. In fact, the EU economy is already acting as if it has commenced its recession cycle.
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EOS ... the plan is coming togetherDon't you love it when a plan comes together.
As predicted, EOS was pushed out of that wedge by BTC ... and we had to be patient but it's looking nice right now!
Volume is my main concern .... it is pathetically low for BTC, and that of EOS.
But look at the resistance levels folks ... and look at what happens above $15.
I doubt BTC will be stable long enough for EOS to rally up to these levels, unless trader get antsy and want to get in on EOS
before mainnet launch in less than two weeks. We would need a good day or two, where everyone climbs in.
It's not impossible ... but it's difficult to tell you how high this can go folks.
Keep your eyes on it, don't get greedy ... take partial profits when it makes sense.
Remember only a fool relies on one potential outcome.
Do not make investment decisions with this information. For educational purposes only.
If you wish to make a donation, based on profit you made on my ideas ... it would be greatly appreciated.
BTC address 14i2Xit5pH7Sz5TMegDn8vDT6VcoN85f42
ETH address
0x8a62eE1B2628297EA51aD08dadFFCed3F73e6eed
LTC address
LXoyzmL85HvED1LyHkJtGygUPbBUZd
A thought on BTC : New addition to a brand new TA techniqueI've been trying to find a method of determining whether a downtrend has finished or not that is the equivalent in accuracy to that I've been using to plot uptrends..
This just popped up as a possibility..
Curious to know your thoughts..
My method is simple..
For bullish cycles:
Encompass the entire historic chart movement (including wicks) with a pitch fan.. Price movement moves from side to side within the fan, and upon touching the bottom of the fan a second time, draw a new fan from that point that follows the same rules.. These are rules, not theory..
LTC TO THE MOON! (+75% profit!)The falling wedge and the previous resistance level on target one confirms that Litecoin is in a bullish state and that it will be going up by at least 25% and up to 75%! I showed you the targets and where you should buy. You can choose to keep it and wait till target four or sell it at its lows after each target. Goodluck with trading and peace.
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BTC: 1kQnAG3Z4ajxdtDzFMsenMcYmewwS4EES
LTC: LTL8tncC12tazEUpno3Qfg2YhVqgdxuMki
ETH: 0x3df5ed9c2944e0bc44567015ca10f2c067ae2fd4
BNB about to explode! (possible +100% profit)BNB has been going through a lot lately and now since it's cooling down a bit we can see a bullish rectangle forming. If it breaks the resistance line that's when you buy. If it doesn't and breaks the support line, wait and then if you see it falling off a lot then sell. The chances of it falling down are very small but it could still happen.
BCPT looking very bullish (possible +50% profit)BCPT has been going up and up recently and now that it hit its downfall it built up a falling wedge which means that it could be going up by a lot. Follow the instructions and make sure to cash in NOW!
STRATIS going up (possible +25% profit)Stratis has been through some ups and downs and I think it's time that it goes up. If you go back you can see that Stratis has been through this many times where it went up and got instantly dropped. With the rising wedge in a downtrend, it really looks like Stratis might go to the moon once again.