Hello everybody! I am back from vacation and decided to share my thoughts on BTC/USD pair. (*Going to do more on other pairs too.*)
Bitcoin needs to close above 11490$ on weekly to get a chance for 16000$. If we close below, which I believe is not likely - more consolidation and decision time might extend for at least couple more weeks. Only weekly close below...
Here's another update on Bitcoin on the Weekly Chart!
After completing the flag pole in June, Bitcoin may be in the process of completing the bull flag structure as it continues downtrending to $8.5k.
A simple extrapolation target of this bull flag sets Bitcoin at $18,200 in mid-to-late October 2019. This is inline with our ultimate EOY target of...
135.50 has been a key area of support with weekly rejections around this region, an inverse head and shoulders pattern could be formed around this region before reversing and extending higher towards the 138.000 weekly barriers.
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Hello Traders, welcome to the Weekly Forex technical analysis. Today is June 30th, 2019 and we will be taking a look at the U.S. Dollar Currency Index on the weekly chart just to get into the calendar, and have an outlook into the upcoming week. Looking at the Dollar Index here on a weekly time frame, we can see the DXY ended pretty mixed last week. Going into...
Hi guys, GBPAUD seems to be forming an ascending channel with a classical bearish divergence. So now either it will stay in the channel for some more time which is likely I think or it will break it now which has a very less chance
In the weekly frame price seems to be correcting the whole impulsive leg in a flat structure. Currently we are in the B part of the flat. For those who have not positions in this pair try to look for pullbacks or corrective strucutures in lower time frame to join the bearish trend
Hello Traders, welcome to the Weekly Forex technical analysis. Today is June 2nd, 2019 and we will be taking a look at the U.S. Dollar Currency Index on the weekly chart just to get into the calendar, and have an outlook into the upcoming week. Looking at the Dollar Index here on a weekly time frame, overall the structure still remains pretty bullish as long as...
I don't trade much Forex but this looks like a good buy for a trade that can last a few months. I also see Australia just had an election this weekend so that could have an effect on a reversal. The time bars are to see how long the price can hang out at a level before it takes off. In terms of options there's an ETF $FXA that has extremely cheep long term options...
according to my analysis wabibtc will go up from this level because it is at strong support , retest of symmetrical triangle , support of 40 ma . now just wait for a bullish reversal candle and take a buy trade till recent swing high in weekly chart .
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I have mapped out this clear head and shoulders pattern on the GBP/USD Weekly timeframe. We can see I have placed the neckline in so we know what sort of area we want price to break to confirm this new downtrend. I have also placed a fibonacci retracement in from a significant high & siginificant low. We can see price has been rejecting the 38.2% level which...
welcome to the weekly outlook of GOLD.
Overall we still see a correction between two very important price-levels.
We can consider that the market does continue the rally unless the stock-market climbs aswell.
What we`ve seen is a changing cash-flow out of Gold into the stockmarket even though the volume is very very low.
welcome to antother analysis of Bitcoin.
In this chart we keep it very simple and look at the price-action, time-cycles and commin indicators.
All I want is to make sure that you guys don`t freak the hell out and buy the peaks.
Stay calm and rational in order to make good decisions.
In order to see a wealthy uptrend we need to see the...