the major support level can't make a new higher high.
head and shoulders pattern in the low time frame
break and retest the key level
0.618 fib level retracement
good setups and good risk-reward 1/2R or more
There are 3 tops on M15 with divergence
H1, M30, and M15 is overbought
There is a deep crab as well.
BTC also looks toppish.
Target is around 1092 for first level.
Price has tapped into my HTF supply/order block area, then price proceeded to react and break past the last demand area now shifted to supply (marked D2S).
Will be looking to sell from my area of interest. (Price can also go onto to react from my extreme supply/order block area as there was a D2S shift there as well)
Let's see what happens...
We have had strong rebound off resistance zone, on higher timeframes we have had strong bearish momentum over the weeks.
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Two of the best Signals for price reversal are perfectly head and shoulders pattern If the right shoulder is complete.
and the RSI divergence .
for confirmation and entry point Wait for the pattern to complete and close below the neckline.
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Considering that the price is close to the resistance zone in the daily time frame and observing the weakness in the upward trend, we can expect the price to be rejected from the 0.86 area and corrected to around 0.7.
There is a huge overbought on USD/JPY after weeks of buying.
the price failed to break the resistance level 136.72 and break the 1h up trend.
I think the pair will back to 131.5 level as a pullback
The price has been unable to reach its ceiling again in the cushion work and is currently losing its upward trend line. According to these points, the price is expected to fall to the previous floor.
The upward trend line has lost its position and is ready to fall, and due to the lower difficulties that have formed, the upward trend is expected to change to a downward trend.
Guys I noticed something last second and now I'm almost positive that I was wrong. The yellow line here is the midway point for the new fib circle, the large one that we're hopping into. Those are almost if not always used as support or resistance lines for the price inside of fib circles. The placement of it is so perfectly aligned with where I could see Bitcoin...
A huge opportunity this upcoming week on the CADJPY pair. With Monday being the 4th of July, ideally avoiding the slow-moving US markets would be the best option. A textbook bearish pennant presents itself to us giving us a wonderful look in shorting this pair. Last week it broke out and now it's coming back for a retest. Hoping to see some strong rejections...
According to Fixed Range Volume, the demand zone is $10,000 for BTC.
Many orders have been booked there. Lets see what the market gives us in the coming months.
We have a CME Gap at $9-10k(although CME gaps gets filled 60-80%), So far I have seen all CME gaps get filled 100%.
ZIM is breaking down and likely heading much lower. The stock has been a market leader in 2022 along with other shipping stocks. Profits are up triple digits after shippers realized they could 10X their rates to transport cargo containers after the pandemic.
The White House has essentially declared war on these companies and institutional investors are heading...
Updating previous REALIZED PREDICTION.
After the previous fall of bitcoin was exactly and rapidly realized - as predicted by us, we look forward to the next FALL OF BTC
to the level of next support at 16,000. This is a multi-month support.
Thoughts on shorting tether with max leverage possible? It's a long shot but besides some fees there in my opinion is only upside if worst case scenario for tether happens. Which exchange would be best and thoughts about the idea are more than welcome.
