The speculative bubble on the ICNXBT pair has pretty much fully retraced. Now, the orange line and the green trendline together form a strong support area at the 450-500 level, that should hold and it has done so in the past four days. The price is now being squeezed out of the triangle formed by this support and the downtrendline, wich is a bullish signal, ...
- Broke above the mid line of weekly Bollinger.
- September 26 is next ER.
- There was unnecessary fear around cycle peak. Smart money loaded in while weak investors lost money.
- This cycle is more diversified and will last through 2018.
- Most analysts are bullish.
- Last ER resulted in significant drop. Next ER, I expect at least a 10% pop.
- Price target: ...
We can already see that the pair has already completed 2 distribution phases and we are now anticipating the 3rd and final phase. After a strong move up we can expect some consolidation where bulls will be seeking to lock in some profits driving the price somewhat lower (RSI oversold on 4H + 1H + 15M) during the Asian session. We can then expect smart money's ...
Hey guys,
I hope you are enjoying your weekend.
In the attached charts (Weekly and Daily) you can see that we closed above the 23.6% retracement.
We are in a corrective structure and for me the pair can push until the next resistance (highlighted in black), around 147.7, in my chart.
Please comment or like if you have any interest.
Cheers
Jesse
My eyes are on that gray box. if we see the prices dip out of the blue uptrend channel I'm switching to short.
If it maintains a strong bullish channel in the blue, we know what to do ;)
AUDUSD found support at the upper deviation of the recent downtrend's linear regression channel today. This level coincides with the mid point of the recent VIX 75% retracement, or 'smart money buying spree' key level, which happens after VIX spikes by 5 points or more, and the smart money 'buys the dip' in risk assets, making VIX retrace 75% of its recent climb, ...
The bat pattern is now completed. Looking for price to retrace to FIBO 0.236, bounce for head and shoulder pattern completion. Then taking out support at 1.1907. And continuation of trend towards parity.
