Bitcoin BTCUSD 2018
Well the last day of trading Bitcoin in 2107 was a difficult one. We managed to bag 450 or points from 13000 to 13460 early
on (and day traders another 300-450 trading the range from 13000 to 13150, also earlier in London session) but then lost the
plot as the day wore on with two poor trades centered around the 14000 level which lost...
To Infinity and beyond. BK all day!!!!! Thank you. I got a 1 on 1 on with you @ Wednesday 3pm. Cant wait... Strangely enough, that happens to be exactly the same time that Indahash starts phase 2 of their ICO .. (Hmmmm...synchronicity?>>>>
"The charts make the news"-BK
I'm pretty new to charting but its awe-inspiring how strong their effect really is. These are...
OANDA:USDJPY has consolidated for a few days already and failed to retake the 112 level.
With a series of lower highs, the supply resistance level is slowly going down to meet with the Weekly 200MA support.
Its possible it might find support at the Daily 200MA level as it was able bounce off it from the previous downleg.
In my opinion it might still test the...
OANDA:USDJPY looks like its bouncing back up after a severe downmove forming a nice channel.
4H Timeframe View:
It was able to pullback and even retest the 20MA in the 4H timeframe so it will be great if it touches the 50MA(yellow line) and hold above it for a confirmation of the short term uptrend.
FX_IDC:USDJPY looks like it got rejected by the daily 50MA courtesy of Janet Yellen. As long as the bearish momentum continues, its possible that we may retest the daily low once more completing the handle before NFP/FOMC.
TP: (tp1) 113.5 (tp2) 112.7 (tp3) 111.6
Any feedbacks are appreciated!
FX_IDC:USDJPY completed the handle of the Inverse Cup and Handle pattern and its now testing the previous daily low.
If FX_IDC:USDJPY breaks down then it should retest the daily support turned resistance as the 200MA Daily, 50/200 MA Weekly, 50/200MA Monthly Moving Averages should provide support for the price to bounce.
If it bounces from here then it needs to...