Part 1 one of this analysis we caught the exact low of the bounce past week. Because the bounce was quite strong, we can expect to see at least an ABC move. Meaning, A was the bounce up, B was the drop past days and we should be able to see a C move up.
Friday we had a small bounce up as well, increasing the odds that we might have set the low for wave B and...
We caught the low of that dump past 2 weeks and have been in the V shape rally since. Target of the wedge was reached, where i suggested to take some profit or use a partial tight stop, thinking the green line might happen. Well it did but it was a wick down and up again. Now we have reached a bigger resistance zone. Not to give away the great profit, i would use...
Retesting breakout level from half year ago, sometimes a big support level, in combo with this wedge, it gives potential. A false breakout is an option as well, a quick dump. If that happens, it will be safer to see it get back in/above the wedge again. It should stay above that green level, otherwise likely that something else is going on.
Previous...
Looks like an identical bullish wedge in the making here, just going to wait for another wave down before entering.
On the left, there is a potential double top formation, but it's not likely to happen. Unless the green support breaks, than chances increase. I think the long/mid term is bullish.
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Unfortunately i had the trade ready almost, just when bitcoin started to drop and pump so i missed the perfect entry at the low. Now i will make another attempt and try to see if this small wedge on the left plays and try to get in around the orange circle.
Now again while writing a broke up. I am posting this one, but i will wait with the entry, want to see how...
Hello traders,
BOC will increase interest rate, DEC job report will be better due to more jobs because the holidays, also sales will be better, oil prices is getting higher soon. We expect Trend is going down from 0.9220 NOW to 0.88 In a month.
Trade safe, if it goes up high to 0.93 Then give it another sell from there, it will come back.
Manage your lot size...
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