Bitcoin Next Trade-Points
Bitcoin started to fall away as US markets opened yesterday - a risk-off day across most markets. It bottomed as markets closed. Perhaps Bitcoin is becoming so institutionalised that it will start to follow risk -on and off periods across major markets more closely as time wears on.
Too early to say yet, but worth watching to see how ...
Bitcoin so far with no real decision. Possible scenario for btc is a lower high and formation of head and shoulder before we break 0.618 fib level resistance. (black lines h&s)
Happy Trading!
We're once again flipping the short-term bias on the Dollar. With 94.50s under pressure, we think a break lower is more probable.
Also, we are in a volatility contraction so any break might grow legs quite quickly.
Pretty sure we're now in Descending Triangle (bearish) as opposed to Falling Wedge (bullish).
If $6.1k breaks, there's only one line of support before we're hitting $4.9k.
Only saving grace is the green diagonal support that has held up so far (even today).
There's only so long that Bitcoin can keep making lower highs before we get a decisive break.
Canal alcista en el USDJPY que viene desde hace varios dias atras. Estabamos esperando que rompiera niveles para confirmar que tenia intención fuerza para seguir subiendo hasta el otro costado del canal. Con la vela de hoy nos confirma todo esto y nos da claridad para abrir una compra con miras a obtener mas de 80 pips de beneficios.
USDJPY: The pair now faces further bull pressure after resuming its short term uptrend during Tuesday trading today. On the downside, support lies at the 112.00 level where a break if seen will aim at the 111.50 level. A cut through here will turn focus to the 111.00 level and possibly lower towards the 110.50 level. On the upside, resistance resides at the ...
bearish movements have been clear on this pair
We have had a strong pull back but can see this area as proven a strong turning point.
2 targets first is the most recent lows, if this target is hit then stops will be moved on second trade to breakeven
ZRX looks bearish for the time being. Ever since its taken out 13401 satoshis (market structure shift level), its proceeded to make lower lows and lower highs indicated by the red boxes. Simple market structure trading. It had a nice little bounce at the demand zone around 9791 satoshis, but couldn't breach the resistance level preceding it. Take short trades on ...
Notice the lack of volume around the resistance area, it was the first clue for us to open a VERY low risk short position. Even if the market rebounds hard, which is possible, I will be getting out safely with a moderate profit.
Now I have a safe short position open and I'm waiting for the next pattern to form. There's no need to predict the exact point where the ...
in nearest time (1-2 weeks- maybe first day of oct.) we may to see a another trend- market falling by 30% or go to the 8000$ in long term to the dec
if GREEN lines will be broken - that may be a sign for buy = end of long term Bear trend
BLUE lines is a resistance and support lines
RED line is a strong support line, when red line will be broken we falling to the ...
Gold seems to continue its consolidation as it barely moved on weekly basis though it swung $25 in the week between the high and the low it created. It was volatile near the end of the week where it fell from the highs to the lows but managed to close up towards the support of $1194-$1198 levels and most importantly it did not break $1185 on the downside. Though ...
This is a follow up on a trading idea that we looked at this past Thursday as "Super Thursday" pushed the GBP up to a level of previous structure resistance before reversing.
IF price action were to put in a retest of structure and once again be rejected...
THEN it would open up the door for traders to take advantage of a double top formation.
With this being ...
