Notes:
* Strong up trend on all time frames
* Beating its revenue expectations consistently
* Breaking out of a ~11 week base
* Pulled back to its 50 day line and has been moving higher since
* Offering a low risk entry
* Creating a base on base pattern and pulled back to the highs of the previous base
* Showing recent accumulation
* It's creating a cup like...
Today i woke up and just thought let's be bullish on bitcoin for once and so here's the setup. Although i slightly believe that the price currently is at a retest state after the previous level break down and might lead to fall even more, but either ways i'am personally unbothered by what actually ends up happening and this setup is just out here for the...
Hello,Traders!
EUR-GBP is retesting a local
Horizontal resistance level
And I think that we can see
A local move down
Sell!
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Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. In my previous BTC update, I clearly mention that BTC is at resistance so do not hold your longs and book profits in your long position. Hope you guys listed and save yourself in this dump.
Now, what's the next possible scenario from...
Keep an eye on the semis here as they try and reclaim the lows of this 5 week sideways range. They didn't break down as hard as the major indices and the open gap from November is still very much in tact.
Overall, we're seeing some relative strength out of this higher beta group.
This right here is a symmetrical triangle which i believe could break to the upside. But regardless we shall see what happens cause the price even break towards the bottom which could result in massive fall due to the presence of a major yearly trendline, but at the end of the day this setup is just out here for the record ( and for fun;) ).
Happy Trading !!!
Hello,Traders!
GBP-CHF is trading in a
local uptrend and the pair
Retested the horizontal support
From where the price went up
Thus I am expecting
A bullish continuation
Buy!
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Hello,Traders!
EUR-GBP is likely to make
A local bullish rebound from
The horizontal support soon
Because the pair is
Locally oversold
Buy!
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Hello,Traders!
S&P500 is making a bullish
Move now but I am bearish
Biased overall and so as
The price is approaching
The falling resistance I think
That we will see a move down
Sell!
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Hello,Traders!
DXY Is trading in a downtrend
And the price has broken
Yet another support level
Which is now a resistance
So we are bearish biased
And will be expecting
A bearish continuation
Sell!
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Hello,Traders!
CRUDE OIL went up from
The lows to retest the
Key horizontal resistance
But Oil is already locally
Overbought so I think
That after the retest of
The level we will see
A bearish move down
Sell!
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Hello,Traders!
EUR-JPY has retested
A rising resistance level
From where we are already
Seeing a bearish reaction
So a further move down
Is to be expected
Sell!
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Notes:
* Very strong up trend
* Great earnings QoQ
* Basing for the past ~9 weeks
* Forming a cup and handle in this period
* Incoming volume
* Offering an early entry as it's still close to the 50 day line
* More buyers in the market recently
Technicals:
Sector: Industrials - Specialty Industrial Machinery
Relative Strength vs. Sector: 3.0
Relative Strength...
USDCAD broke a strong support turned into resistance as well as a daily trendline which were both retested during a pullback and just closed off with a bearish engulfing candle validating our sell positions.
Explanation within the post:
1.LLs and LHs
2.RT towards broken support level
3.EMA acting as added dynamic resistance and added confluence
4.Clean traffic to the left
5.Bearish pinbar which entered on close
5.2RR - will monitor P.A
EURJPY setting up to go long after it broke the H4 trendline, retested and rejected it. It has also broken a symmetrical triangle early without coming close to the apex point and created a small bullish harami pattern after the retest.
Could it finally gain momentum to push higher or could it consolidate more and test the 38.20% Fibonacci level then head up?
