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Guess we all should have taken a week long vacation and come back to BTC stuck at the same spot.
Once again, $6000-6500 is really of no interest to me personally. It's becoming more of $6350-6500 now since BTC has been stuck in this range for a week now. I'm surprised this has not had a break up or down yet. If we break below $6350 or really $6345 then it's a ...
Momentum is weak and the trend is sideways.
Not much indication for this range-bound price action to change any time soon.
The ADX is falling and the directional index lines are knotting up.
Not much to go on here.
Well it's been a few days since my last chart update so jumping off of there. At the time we were sitting around $6635 and I was being cautious as first red flag had appeared in my opinion with a slight uptick in bear volume. We then saw some follow through to the downside which dropped BTC to $6452. The bulls did hold $6320 which is a key level on the daily chart ...
Low momentum is still the call here for ETHUSD.
More range-bound to lower trading ahead.
With near-term Fibonacci resistance holding, and no momentum to break to the upside, look for more selling interest to come to market this week. The recommendation is to hold until there are bullish signals coming across the internal indicators, otherwise wait for more ...
VIX rangebound which bodes well for bulls until significant up trend occurs which I dont think will happen this year I would continue to BTFD in SPY
Waiting for the price to either drop to 415 major support level and see if it drops further the way it goes in metals (if that happens, I'll cry lol), or if it breaks out at 500 resistance level (point where I'll buy more ETH ...
Same logic as my GBPCAD (I might regret this lol). Shorted this pair with TP @1.30016 and SL @1.30542.
Confidence: C (because I've been impulsive)
Our bounce between 1.64 and 1.15
we may have a retest on the demand zone before going
back to the 1.64, eurusd are in a consolidation phase right now
Target is the 1.17 lets wait if eur coming back soon
CADUSD is currently range bound with price hugging the upper area of this range. In cases where price is range bound I am always watching for a fake break-out and pull back, which sets up the market for a push back down to the bottom of the range. The types of candlestick patterns I am looking for are pin bars, engulfing bars, 2 bar reversals, bearish engulfing ...
AUDUSD update: Consolidating price action after the recent leg of bearish momentum found buyers at the .7400 area. This is probably the most random type of price behavior a market can exhibit which means one thing for us: avoid.
Momentum is still bearish even though recent price structure offers the appearance of some minor stability. Often these type of ...
AUD Employment News is coming our today at 9:30 pm EDT
If AUD weakens then price may fall back to the 50 sma
Sell Stop and Take Profit shown on chart
Buy Stop @ 1.8090
Take Profit @ 1.8150
Macd - watch to rise above Red signal line
Sell Stop @ 1.3445
Take Proft @ 1.3375
Macd - already below Zero line & Red signal line
2H RANGE - Price at bottom of range
15M RANGE - Bearish Breakout
Sell Stop @ .7870
Take Profit @ .7640
On the weekly chart we can see price is moving within the 0.72000 and 0.78000 area. Price already turned around. With price currently at 0.74750 there is enough room to the upside.
On the Daily chart we can see price just finished a pullback and is now moving back up again coming from the supporting trendline. Horizontal support is at 0.74150.
Therefor with ...
BTC Microanalysis: "Forest for the trees but the trees still make the forest."
After a good consolidation and pump, bulls are giving up the momentum a little too early by failing the 5th-wave breakout on smaller time frames, taking all 5 wave attempts just to reach the 141 extension. Normal follow through after a consolidation/pump will typically reach the 161 by ...
Pair has been in a 1H range for a while
Price at bottom of range
Wicks at bottom of range shows no sellers
If price reverses it can rise to 50 sma and pause
Price could consolidate there or break above 100 sma
Price could then rise to top of range.
S&P 500 update: The main stream media outlets create and capitalize on financial drama, but when you look at larger time frame chart of the broader market, there is nothing particularly dramatic going on here. This market is range bound.
Range bound markets are good at extremes because reversals are reasonable to anticipate on both sides of the market, long and ...
Continued sluggish performance by the Dollar is keeping it within a 550 pt Range between roughly 88.00 and 91.00. As previously mentioned, current market condition is a strong downtrend weakening and consolidating inside that relatively narrow range. This mornings Retail Sales announcement came in lower than expected, probably contributing to the continued drop in ...