According to the latest currency news headlines, short-term sentiment towards the Euro appears slightly downbeat against the US Dollar. While both economies face inflationary headwinds, recent data surprises have painted a relatively weaker picture for the Eurozone bloc. German industrial orders came in lower than forecast in the latest monthly...
Nice fibonacci setup , also at 29k region a perfect head&shoulder is forming in weekly time frame , all of this leads to 20k region .
Lets take a look at the BTC weekly chart technicals: RSI is at major lows Repeated testing of 17k support Signs reversal on the MACD+Stoch indicators Increased buy volume on BTC/USDT for KuCoin and Binance For chart analysis, we can see we are nearing the red line at the bottom, which represents the lowest possible trend floor at around 5.5k along with...
Given FOMC is behind us now and the market is most likely following another leg down I'm expecting a top line rejection off of the large channel on the daily. Rejected off the 200d MA of $218.11. Expect continuing rejection if we get a dead cat recovery at this point, but ultimately I see this impulse retracing back down. Notice the W pattern several bars before...
BTC just formed a double top and not enough volume to go higher. I see price coming under 26k in the near short term.. NOT FINANCIAL ADVICE but i make $$$ #tradeidea
Hello everyone, I believe less and less in technical analysis ... After spending more than a year staring at charts and drawing lines, I realized that the stock market has an alternative to my moves every time. We can say that we have a correction, a flag that is responsible for the continuation of declines. On the other hand, we have higher and higher lows...
I'll try to be brief: all the indicators and trend lines indicate a low-volatile (which is an advantage for the solidity especially in a long-term perspective) and growing trend of Visa. However, following the trend from March 2020 (as I always say "the new modern era for the world") until today November 2021, Visa has always retraced each level of the Fibonacci...
Hi all, my first post here. I did an Elliot wave count on bitcoin since the end of the 2018 bear market, where the next bull run actually began. Looks like we are still in the corrective 4th wave of the long-term bull phase. And the recent drop could have started the c wave correction of the final phase of the 4th wave. What do you guys think? To support the...
Hi guys, This is my first post on TV but I am excited to join the community. I will be sharing some of my thoughts around day/swing trading Crypto and perhaps more instruments at a later stage as my TA and philosophy mature. I decided to share some TA around the big boy BTC as my first go at making my TA public. As always guys, this is not financial advice...
I hope October is bearish for anything that isnt the $, I would really expect some surprises this month in terms of what markets can do. If XRP can see $0.175 again before November I would be a happy chap, great buying opportunity at this price, this daily fib extension line up nicely with the support below. Lets see what PA develops at the start of October 🤞
I forgot to post over the weekend my apologies but a quick overview of APT and what's it doing at the moment. Over the weekend we had somewhat of a bull flag going on after the break of the ascending triangle, as price approached the bottom support at 14.80 bears stepped in and dumped the stock as I mentioned before in my last post that could have been one of the...
BTC is going to go to at least $5900 before there will be another prolonged period of quiet price action. As it can be seen on the chart posted, a Bart pattern is about to complete. In addition to that, we have now completed an Adam and Eve double top. Get out while you can! She's coming down..
GBPAUD is looking bearish as buyers are losing hold from the 61.8% fibonacci level, Hopefully bearish sentiment continues with this momentum and drive price downwards towards 1.9300 level(TP level). This would certainly be a move for next week. Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully...
FX:USDCAD Bearish Bat Pattern Spotted On the Weekly chart, also EUR is stronger in next week which will impact on correlations of Dollar so it simply means that USD/CAD is going short this next week.
NEM ($XEM) broke below support about 2 days ago but showed strong volume on 2/28. A close above 0.00003997 could have the price range 0.000039-0.00004323.
Break below 0.00008436 will likely see XRP test 0.00007265. Bearish on XRP short term.
Bitcoin is a very unique opportunity in the financial universe as it presents a possible change in how we value currencies and how we use currencies itself as we may well move from paper currencies to this new world of digital currency. That being said about the tremendous value of this new currency......you still have supply/demand and basic market scenarios...