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Quick glance: As of now, BTCUSD seems to be on under massive selling pressure Traders are looking closely at the $30k level.
Our previous analysis on BTCUSD correctly predicted the...
Similarly to what i spotted on the EURUSD; BCH seems to have formed a 3 Black Crows on the weekly after catching some sells at a previous zone of Support/Resistance.
It has also reached the Measured Move of a bullish diamond breakout and i have taken my profits.
This could be the start of a new downtrend which could take us down to Fibonacci retracement levels...
Funny how stock immediately bounced back to/above uptrend line after gapping down, and had since traded ~10D MA.
If the stock were to fill the gap in the coming sessions, the uptrend may start again. If not, beware of another wave of selling pressure.
NZD/USD🇳🇿 🇺🇸 is looking quite bearish here. After the strong and steep uptrend we see the Three Black Crows candlestick pattern together with the already declining (after the crossover) Stochastic indicator.
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If you saw my previous chart on GBPUSD, you would know that I am in an active short since the orange line. Here's a quick look into what I'm observing while the trade is active. On the 4hr time frame, we have developed a channel. The current candlestick is a particularly important one:
If we close this candle within the channel, and form a "hammer"...
We have a strong confirmation for a sell oportunity.
We got a breakout of a trend line and support zone and right now we got a rejection that confirms the sell oportunity.
We must see what will happens when the market open, but the oportunity is there.
Its easy to find also a 3 crows candlestick bearish pattern.
You can find the 3 candles with the icon of...
After finding appropriate RSI and MACD entry points, traders benefit from analyzing key candlestick formations.
Below are the candlestick reversal formations detailed in this chart.
Two Black Gapping : appears after a notable top in an uptrend, with a gap down and two red bars.
It predicts lower lows with an accuracy of 68%.
Bearish signs - three black crows, followed by a pullback; incoming bearish MACD cross.
Bullish signs - bullish ascending channel is still respected
For a bullish case the red line at (0.014736) should be broken.
Most likely scenario is the retest of a red line at (0.014736) and a wick down to 0.011398
BTC is in Corretive Phase. After break short-term support line that i mentioned in previous briefing, it moves sideways for a while and then went downward.
Let's start the analysis for BTC/USD chart.
If you are busy, you can just read below briefly
'1. Briefing '
'4. Summary and Strategy'
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# Corrective phase