Happy Sunday Traders,
We are looking at the EURCAD in the daily chart. Who remembers my last idea about GBPCAD ?
EURCAD is pretty much looking the same right now. We are in a daily downtrend along the trend line, price touched it often in the last days. On Friday there were CAD News which was strong for the Canadian Dollar so we saw every XXX/CAD pair falling, ...
GBPUSD POTENTIAL SHORT
I had recently became aware that across the board the GBP currency dominant pairs had seen a sharp, heavy volume seller interest across the board. When we see correlation in the market it shows us that there is interest globally in that specific currency and in this case its displaying interest in a short for the GBP. I had seen that ...
After the bullish run we have had this week the action has slowed down. Volume remains up so that is a good sign. On the daily 4h and 15m BTC is right at ichi resistance. We are at the top of the VPVR with a massive gap up to $7000. We could move to 7k or drop down to 6100 and test support again. In the long term falling wedge we can see the trend is at around ...
This is only the beginning of a new wave to 20000 and possibly beyond.
If you need more info on this you are welcome to visit my twitter page.
It's all explained in a series of tweets that cover the price action since the endgame of the 9 month downtrend.
can we test support(continuation trend)
adn go up...or we break bellow(break the trend)....
lets be preapared for this
p.s. do you like my new Aqua theme? :D
on chart you can see there is a support area //
if btc can hold that support ( increase positive vol) we can see movement to green box area for completing the 5 impulsive wave //
if you want to see more updates on this idea give a like or comment //
have a good trade/
Despite the fact that the pattern is not ideal, based on the recent price action of EUR and the weakness in the USD because of the potential trade war tensions escalation there is a probability that the EUR/USD pair will finally reverse its long term negative trend.
The trade idea is to wait for the 1D candle close above the neckline. Targeting 1.215 - 1.22 level ...
Rough charting of trading and thought process on long term.
I've updated my previous one as text was too small to read at some places, so I put text as notes.
currency : NZDUSD
frames : 1H, 2H, 4H, 1D, 1W
we have ...
1. Break the clear direction
2 - head and shoulders upside down (sorry I forgot graph on the chart)
You should wait to re-test the broken trend
(Please share with me your opinion)
Earlier in the week we did some higher timeframe analysis on the AUDUSD and saw that despite being in a bearish trend, we've reached a level where the sellers may be losing interest & could be in store for a potential reversal.
A classic way that the market reverses is in the form of a Head & Shoulders pattern.
Thus far we have 3/4 of the pattern complete as ...
Well, everyone makes mistakes. The last chart I did for HOT HoloChain, I used the Bitfinex chart. Little did I know, there is a coin on Bitfinex that uses "HOT" as its ticker. Long story short, I used the wrong chart. I was pretty proud of that setup, too. Oh well, life goes on....
And here we have the CORRECT chart for HoloChain.
I am glad I switched charts, ...
https://bitcointalk.org/index.php?topic=831547.180
Bitcoin to trendline from $5800 to $100000 (100K). This is longterm chart for the bitcoin.
Bitcoin history:
Bitcoin moved from $0.50 to $1000. the correction takes almost 637 days. In the next cycle X to Y bitcoin moved to its all time high 19400 on Jan 2018. The correction period from X-Y is settling at 336 ...
The main reason behind this short level is Volume accumulation setup. Heavy volumes were accumulated in a rotation area (marked in black rectangle). After that, the price shot aggressively downwards which indicates that the heavy volumes were mostly volumes of strong sellers. When the price makes a pullback into this significant area again, I think that the ...
