closeup view big picture BITCOIN IS TRADING IN A BULLISH TRIANGLE, TESTING A RESISTANCE LINE (1) BTC can either breakout up and go higher (2) OR it will retreat back to the comfort of a newly gained support (3) Bullish breakout is more tradable as the breakout can be clearly identified (4) But wait for the breakout to be confirmed! (5) Picking BTC from...
After a month of sideways price action, it is amost time for EURUSD to pick a direction. Indeed, as we can see, the price will face a compression soon as the ascending trendline and the channel midline are about to meet. This attention area is indicated by the orange triangle. The direction of the breakout will most likely indicate which side of the channel be...
Scenario still at play. 1 BTC = 14-15K USD for September-October-November of 2020 following simple trend inertia guided by ascending channel on weekly candles. Azarous funamentals Predominance of buying volume overall. Selling volume is only higher when it hits, but immediately after this, steady and considerable amount of buying volume, shows up for...
EURUSD has peaked at 1.19, breaking out of the strong resistance in red, yet failed to seal the gains and rolled back, unwinding the breakout. However, the diagonal 11 year treandline is certainly broken, as the weekly candle closed above it. Therefore, there are three scenario for the EURUSD in the near future SCENARIOS: Scenario 1- the most likely one:...
The gold has just come out of this form of right-angled upward widening, if this rise is clearly supported by the psychic zone of 1800, then gold will most likely go towards the goals: 1895/1930 / 1955. But be careful, if the price returns to the form of enlargement, this would mean that it was a deceptive breakout and gold would fall around 1670 and even less, it...
Today marks the announcement of Goldman Sachs earnings. Some scenarios I could see happening
🔸 WEEKLY CHART EXPLANATION: . . 🔸 Price broke the Ascending Trendline. . 🔸 It has potential to make a downside move. . 🔸 The first target of the movement is the Support Zone. . 🔸 Will look for a lower timeframe bearish setup. 🔸4H CHART ANALYSIS:
Gap filler since the altcoin market is intensely correlated with TOTAL, completely even buy bitcoin and alts at 78B if this scenario occurs
Hello friends, To begin with, Gold is clearly in the uptrend on monthly, weekly and daily timeframes. Therefore shorts work with smaller probability. Just keep that in mind. The asset is near a very important level of 1800 and the area around it, so some accumulation before a breakout attempt is expected. We are currently trading in a range , which is crossed...
The pair has bounced off the the local high and is now at a local support level. There are two scenarios presented on the charts. First one is the bounce up scenario, with the subsequent return back down and breakout of the support with the second scenario then being a also a continuation of the first one in some sense. The second one implies an immediate...
🔸 WEEKLY CHART EXPLANATION: . . 🔸 Price was rejected at the pullback to the broken trendline. . 🔸 Now, it is facing the Support Zone. . 🔸 We consider that if price breaks this zone, then it has potential to reach the next Support Zone at 0.9200. . 🔸 Will look for a lower timeframe bearish setup. 🔸 4H CHART ANALYSIS:
GOLD is unstoppable right now and is soon to storm the 1800 key level. The only question is- what we get to see: 1- An optimistic scenario, drawn with a green line, where there is a retest of support after a breakout towards 1900, and then a strong move up into the 2300/2500+ in 2-3 years. OR 2-A pessimistic scenario, drawn with a red line, where the...
Pessimistic Scenarios (Red colour) If bears break a low made in 2018, that will mean the road is open to as low as 1000 USD and they have control over bitcoin. Scenario in blue colour, we should finish 5th wave and I am expecting that we should get below 3800 USD one more time. I think bulls are setting up a trap and they wouldn't let the market get below 3200 USD...
A cautious look at what Amazon's share price behavior might look like mid/semi-long term. As it is evident from the chart, AMZN is currently trading near all time highs in a range, which is most likely unsustainable, given the upcoming recession. I say we might see Amazon retrace back to it's two year mean price within a 1600-2000 range. 1800-1900 level seems...
🔸 4H CHART EXPLANATION: . . 🔸 Price bounced at the Resistance Zone. . 🔸 It has broken the Short Term Ascending Channel. . 🔸 We consider it has potential to reach the Support Zone. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
✴️ BTC Update What the hell's that BTC doing? We've been rejected twice under the 7450, which is pretty bearish, but still no massive drop. The daily technical situation is still positive while the technical indicators are negative on the 4h horizon. On the 1h timeframe, the WaveTrend has just given a buy signal, which does not rule out a short-term rise. 📈...
Hi Traders! The history of cryptocurrencies will certainly remember the last week as a tragic one and therefore we will discuss bitcoin again today. In the last analysis, we also marked the lower trend line on the chart. Probably, no one expected it to be tested just a couple of days later. At the moment, we are probably on the strongest trend line and on key...