The instrument is toggled at the key level. If the trend continues its dynamics and consolidates above 16,500, then it is very likely that this year we will test the 2017 maximum. I am inclined towards a correction, since the coin did not re-test the lower boundary of the local channel.
looking at GBP/AUD it looks like we could see a PUMP soon if market continues the climb within the current trendchannel andb reaks above the daily key-resistance-zone.
As always, this pair is very risky to trade as POUND is volatile due to Brexit-Talks.
Cross-Pairs are hard to predict due to the current Corona-Topic and its volatility in the...
GBP/USD is as expected the previous resistance and trendline of the current uptrend.
Additionally we see a break above a key-resistance in the weekly chart. (You can see that analysis in my previous post).
If GBP/USD goes up from here on it would support our EUR/GBP and GBP/AUD trade as I expect stronger momentums when the bulls are...
Hey Traders hope everyone has a good start of the week,
we are starting strong over here with a long trade on USDJPY. Pulling out our Fibonacci from the last low to the high we see price clearly bouncing back from the 0.61 key level. This is the level where we enter with a very low risk, because there is no level behind this. Another reason is that we are looking...
TRX is at a key-level at the moment, I think. Either the bulls break through the wall at 0.023/0.025 or the bears take over to drop TRX down to 0.005 as a final sell-off, or to kill it totally. If the bulls win, it will not be easy because there’s much resistance waiting at the upside for the bulls (blue levels in the chart).
Still seeing bearish sentiment with a clean monthly level break, looking for a short bull run for a retest of this monthly resistance, trendline line, and 61.8%-71% retracement level, forming the 4th leg keeping in mind the rule "if wave 2 retraces a little, then wave 4 will retrace a lot" - before bearish continuation. 130 pip risk for a 640 pip reward.
ETHUSD Update and Key Levels Ahead
Won't quit - grinding higher off a new little dynamic still
forming - so far so good still.
First support for day traders at 589.
Then Near term support building at 564 with more important
medium term support at 543.
On the upside we can see clear congestion at 610 up to 615 -
an eventual break and hold above here would be...
Bitcoin Wednesday Update Key Levels Today
Altough we made over 500 points on the downside yesterday
and 200 or so on the upside the last long from from 10755
went wrong and we were stopped out for around a 50 point
loss. Sorry for that one.
Bitcoin has since fallen away and back down the same
parallels after making lows at 10400 on Bitfinex in Europe. A...
Bitcoin Thursday Update
The devil fools with the best laid plans. By 22:39 we were
looking for a rally to kick in from the lows at 10200 with 3
near term upside tagets in mind, at 10684 and then 10857 and
11180. Then, because Bitcoin never sleeps but unfortunately
we do, set a stop on the long under 10400 for overnight - and
it was taken out about half an...
Bitcoin Update Key Levels from Here
Stopped out of longs at 7700. Bought aagain at 7680 with 50 point stop early in London. Lucky you if still in bed!
We should be long again from 7570 now as per last comment, and stops can placed under low today (7530) by 30 points,
so 7500. And for day-traders and those wishing to run tighter stops, 7717 is still the line in...