On this one, we have two strong resistances respected by the price. An additional forming pattern will add a lot of confidence to enter a short position on this one. Will it get formed ? Time will tell...
The good news for BTC is that the 4-hour and daily candle closed above $31,000 leaving a big wick showing buying pressure below $30,000. BTC is now trading around $33,700 the next resistance area is $35,000 and $36,500. BTC need to cross these resistance levels. BTC is back in the trading range and we expect it will move in the range for next couple of weeks. Wait...
as with the majority of crypto right now everything has taken a huge drop and BTT is no different. With that being said I like the position that BTT is currently in relative to the current market. BTC has seemingly stabilized a bit around the 40k mark so we should see the alt coins start to run again. I'm looking for BTT to go a run with the market in the near...
The overall Trend is still down, although it broke out of a major trend line to the upside That could be bull trap, a lot of people bought that break, creating liquidity for short sellers The whole move down since the All Time High, does not look finished There are also a few bullish signs The break happend after the major support at 30000 rejected sellers. You...
USD/CAD is stuck in a range between two strong support and resistance levels around 1.20 and 1.2140. The currency pair was traded lower on Thursday during the European and American sessions. Overall though, the price structure suggests a sideways activity since May 14, between that resistance and the support, and thus, experts prefer to take the sidelines for now....
Friend, if I am helping you somehow, you can also help me by liking this post and commenting below. much appreciated Analysis on #EURJPY Possible bearish head and shoulders pattern, waiting for break and close of trendline resistance \ neckline to consider selling. Check today analysis below⠀ >>“In Trading Losses Are the Cost of The Wins, TradingAxis.” ...
it seems like BTC is going to make another low
USD/JPY is the forex ticker that shows the US dollar's value against the Japanese Yen. The Dollar-Yen is one of the most-traded forex pairs – second only to EUR/USD – and is a benchmark for Asian economic health and even the global economy. On a long-term basis, experts follow formed triangle starting from 2015 whose resistance line was broken with the formation...
Areas of 27525 will be pivotal, if broken, it will head towards areas of 17 thousand, or the price will reverse to resume after the decline
USD is in retracement mode, considering that XAUUSD is likely to fall till the next Support (previously resistance). We'll wait for some consolidation and look out for divergence to enter our trade. If you like clean analysis like this please follow for more. Happy trading.!
First off, check out my new VWAP script I wrote that allows you to use multiple VWAPS on multiple time frames at one time (used here with the black lines). If we keep this momentum, we could see a slight dip to the 2.3 levels to re-test the VWAP as support. Using the Volume Profile, we can see that the Point of Control is around 3.2 which is the first major...
long term wave 5 of intermediete (C) - target critical static resistence 77.11 if wave (i) of ((iii)) is over then wave (ii) of (iii) should follow in corrective mode - three wave - probably zigzag - target 64.58 critical area PP: 68.20 critical support - wave iv: 67.41 FIBRET wave (ii) : 64.58
OANDA:EURUSD 3 key components to watch on EU on the 6 hr. 1. bounce off support. 2. into consolidation 3. exit for possible continuation on trend. ? IF EU can break above 1.2250 we could get a nice push into 1.23 range.
BTCUSDT Friends who are in our channel as we said Enter after the pullback and float with the stop to the limit of three percent Take it and go to today's analysis as I said price In an attempt to reach over 36,000 by now It has been able to penetrate and in order to be stabilized it has to have a A strong bullish candle above 36 thousand will close and then...
So far my idea is still looking good... From 50k to 30k done :) Is my idea of buying at 10k reallistic ? I dont know... But I am pretty sure longs in bitcoin arent good idea right now. If we close today or next few days below 30 000 area, boy oh boy... There is nothing to hold bitcoin. Next area would be 20 000. Even if bounce from 30k, 40k area is now strong...
Subminuette wave iii extension of (iii) unfolding. FIB ext: 1.2271 - 1.2312 ALT: diagonal minuette wave (v) of minute vawe ((c)) critical price area previus daily close 1.2213 PP 1.2205 FIB: 1.2271 - 1.2312 static S/R 1.2243 – 1.2284 – 1.2205 volatility D 1.2208 - 1.2312
Try not to get excited !. This bullish movement will be terminated at around 630 and maximum 650 if not terminates at current price. Tsla will fall below 500 so market gave another chance to go short if still you kept your whole position. As clear in the chart , Tesla is revealing internal structure of the down going wave 3 or C. Currently it is making wave 4 of...