BTC still inside descending channel
It was really boring phase inside this range
What next ? Can Breakout this time or dump again ?
According to chart BTC has this time a higher chance to Breakout because this is the 5th time to test resistance and potential inverse head and shoulders
Important Resistances :
1st : between 38k-39k
2nd : between 41k-42.5k (daily...
Very new to this, got interested in Pundi, playing with the chart.
For a few day's now I see this pattern that might be repeating itself, if so, it should break out tomorrow or the day after tomorrow.
Love to share this first tiny insight and look together if this repetition will or will not happen.
All comments to help me learn are welcome!
Price sold below the RWP (RISING WEDGE PATTERN) to 1.20952 before a pullback to retest lower channel trend line. A retest of the lower channel trend line is the trigger for a short entry which is bearish until the next logical support region. The first support region is at 1.20867-1.20789 and the second at 1.20269-1.20198 region on the chart.
From a daily perspective AUDUSD has been in a in a clear uptrend, displaying higher highs and higher lows which, looks to continue rising, after potentially making a new higher and a further higher high.
What this can means for short to medium term traders is that there could be shorting oppourtunities down to around 0.7650 and 0.7500, a confirmation of this...
OANDA:XAUUSD Gold seems to be respecting the support/resistance areas confirmed by: trendlines, support, pivot standard, and Fibonacci levels. It is a great time to be alive and see gold with a support at 1883 on the 15 min chart, make sure to go through all time frames for stronger levels.
Fundamentals are also at play here since no good news surfacing the...
EURCAD look to be aligning itself for the new week . Look to be patiently catch the opportunity this week. Comments are welcome . Join me to receive more analysis update. Get in touch if you would be interested in learning my way of trading .
This trade looks very promising. The market is currently moving in a descending triangle as shown. This means lower lows and lower highs. We are currently approaching the low of the edge of the triangle. Secondly, the 50 Period EMA has been dis-respected therefore we expect it to bounce back from it. Thirdly, the market is moving above the 200 EMA supporting the...
JUST ANOTHER SHORT TERM BULLISH IDEA...
SYMETRICAL TRIANGLE+ ASCENDING TRIANGLE = CONTINUATION PATTERN ?
WE WILL SEE... ;-)
thank you so much your comments!!
This one also coming from this idea:
Love and good luck!
After breaking the triangle pattern, EURJPY showed really clear pullback. I think It will fall till crossing pitchfork`s bottom line. It`s not a signal. It`s an idea. Please don`t follow anyone`s idea blindly. Thank you.
There will never be another Bitcoin, but there will always be opportunities that can make you as much money as Bitcoin made early adopters. The trick is to be able to spot those opportunities and to take advantage of them, either in this asset class or when something new comes along. You'll like to think that if you bought BTC at $10 you'd be rich by now, the fact...
A few weeks back I made a post about how BTC appears to have made a shift from running downhill to starting a slow uphill jog. Is this slow walk uphill going to hold? So far it has (for two weeks now) but we're about to find out since we are coming up to a decision point very quickly. There is one area of concern that can answer the question, but we'll circle back...