Currently very bullish on BTC after breaking it's ATH in a fashionable 10% rise, I suspect on the next breakout we would see a similar move, to about 3500-3700 range. Stoch RSI on 2H is bullish on the breakout may happen on this round.
My first chart analysis. Quite simple logic. Please, don't invest following this... I'm just trying to learn with the community! Good luck guys!
-Long bias due to ascending channel -MA crossover in daily - fib retest on 38.20% suggesting long - wait for long breakout before taking the position
BIP 91 looks to be locked-in now. As hypothesized in my last post, this has given us enough boost to push our way through some MAJOR resistance points. Bitcoin's behavior here is extremely bullish! At the time of this writing, BTC is currently wrestling with resistance at $2599. Once through, it's on up to $2670 or the bottom of our bullish GREEN channel,...
Not surprisingly, Litecoin (LTCUSD) is holding it's $45 support today. While it is possible that it could go lower, my suspicion is that it won't. Instead, while Bitcoin (BTCUSD) continues to unravel until our Aug. 1 target date, I suspect Litecoin (LTCUSD) will bounce around in here between the $45 support and $50 support until our middle Bollinger Band or 20 MA...
GBPAUD is in a downtrend, and is forming a bearish gartley pattern. The D completion is just around the round numer - 1.70000. 1.272 fib ex. alligns with the round number, which is also good, if you're looking for a short. Stops above X. Targets are: 1st. .618 retracement of C-D 2st. If we are to reach 1st target, I will move stops to breakeven, and take off half...
I guess, we will be seeing trend change on H1 USDCAD, hitting 1.3300
As my long went into SL, the trend line is being broken. As soon as the break will be confirmed, SHORT everything out of it. Hourly chart: Uptrend Line broken Daily chart: Failed at old trend line resistance
Using trend analysis, this should be a good trade. Stop is under trend support, TP1 is the next trend resistance. If TP1 is hit, look for a move to the previous high around .96350
Here is a daily chart of USDCAD, as you can see, it seems to be making a trend cycle. If the daily candlestick ends as a doji it could be a possible turn in direction and a chance to short. If this happen, this short would probably be a retracement before continuing up. Please trade using your own discretion.
With the crazy ECB announcements, there might a bullish trend reversal on the pair. After a clear break of a bearish trendline, I expect EURAUD to head higher in the near future. However I am expecting a small pullback before it makings it's next big move. Trade with care. For more daily signals and analysis, please follow me. As well don't be afraid to leave a...