BINANCE:BTCUSDT * Bitcoin is in the support range of its previous ceiling, if it loses this range, we can see a profound correction of bitcoin
It is on the support point and it is not recommended to buy here. If it breaks the resistance line upwards, it will go up to $ 4,500, otherwise it will have 41 lows. What do you think?
USDCAD attempted to trade above previous highs. Now that it has failed to break and hold above the 1.259~ level, my directional bias is now back on the downside.
This is a follow-up on our USDCHF posted on Monday and Wednesday (see link below for reference purposes); Price hits stop loss with 60pips profit (an approximate of 175pips - 3positions) during the course of last week's trading session. We are expecting the price to continue into the supply zone identified on the daily time frame to close at our initial profit...
Been watching this price action for a while. Here are the key price action indicators that I've been watching. 1. Price retests the previous high at 0.69895. I do not see a breach above. 2.Price makes another test and fails to close above this high. 3. Price establishes a support or relative low at 0.68880. Right now, we're seeing price breach through this...
With a strong key level at 1.306, we shall be looking out for a breakdown of this key level for bearish signals. In this regard, I shall keep you posted as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The...
Let's do the point ! // Update #11.5 Rapid statement, the most likely to happen yesterday, happened. We reached the support, no buying volumes on, which announces a consolidation movement. Here the next step : retest of the support. It will depend of the length of the consolidation but as we didn't saw buying volumes we can think it will go deeper to try to...
This week we spotted a bearish breakout of a key level on EURCHF pair. I was patiently waiting for a retest of the broken structure to look for shorting opportunities. Today I finally spotted one. The price formed a double top formation with a lower high on an hourly time frame. Its neckline breakout confirms a coming bearish move. Initial target - 1.01 ...
considering that the week is changing momentum with candlestick pattern we are able to spot a CHOCH now expecting the previous week to get violated down. risking 20pips to swing 150pips GOOD LUCK TRADERS
BTC has established a support zone around the lower parts of the 43k level while also respecting my short term trend line. If BTC manages to close above the next minor resistance level around 43,8k level we could see a bullish push towards the next hurdle around 44,4k. Looking at the daily timeframe, If BTC manages to close above previous high's it will also be a...
Weekly Time-frame Still in a bearish picture. stock market are dropping so we can expect a bearish month if this continues. 1D Time-frame It seems like in 1D TF we have a doji candle which is neutral candle close to bullish harami. Rejection area still waiting at the supply zone $43,800. Demand zone waiting at $42,600 4H Time-frame Double bottom...
BINANCE:BTCUSDT * If Bitcoin can regain its support range * In this case, either the power can grow to the top of its channel
BINANCE:BTCUSDT * Forming a flag pattern in a 4H timeframe can make bitcoin conditions worse and cause the price to fall further
Top-down analysis on NZDUSD. Price action and key levels. Technical outlook and potential scenarios. ❤️Please, support this video with like and comment!❤️
Support is a price level where a downtrend can be expected to pause due to a concentration of demand or buying interest. As the price of assets or securities drops, demand for the shares increases, thus forming the support line. Meanwhile, resistance zones arise due to selling interest when prices have increased. trade after breakout the support .
The decline on ERURUSD continues but we still don't have any selling opportunities. In order to get involved in this downside move, we want to see a pullback to our sell zone. This way, we will get a better risk to reward ratio and also an extra confirmation once we see a rejection. Price is currently trading near support which means it's very likely that we...
Crazy week as we come to a close , you can see the support lines holding, and now over the last 2 days we have gathered support and started to climb back slow. I think this is a key sign that a fast pump for ETH and BTC will happen soon, this weekend or next week for sure. This is only my opinion and you should never risk more than you can afford to lose. Also I...
GBP/USD has been making Lower Lows and Breaking structures for the past couple of weeks. Technically I personally have been bearish on this market and anticipating continuing movements to final projections of 130.525 (Take Profit) demand zone. Fundamentally I will be paying attention to Andrew Bailey from The Bank Of England speaking on Monday and on Friday...