Just an idea but you can see how heavily over bought BTC is on the weekly .. currently over the 90 RSI. You can see that I circled other RSI periods where Bitcoin was over a value of 90 and how it soon corrected afterwards.. the longest period Bitcoin hovered over 90 RSI was in the 1st 'bubble' which lasted for seven weeks before taking a dive. Same thing with the...
Gold on the daily looks like it made a lower high and is getting ready to make another lower low. It also has the potential to make a higher low instead. The overall move is bearish. I wonder if gold will respect it or let the bulls take over? BEAR TPs: • 1857.71 • 1847.68 • 1819.96 • 1801.80 BULL TPs: • 1905.14 • 1931.16 • 1965.93
Price looks like it's showing fatigue on the daily and is consolidating for a potentially nice drop this week. This will most likely move as a giant pullback before continuing up, but it'll be a few hundred pips before it continues. Otherwise, I have to see is it going to do a fakeout to the weekly or actually bust through it. We're about to find out. BEAR...
Happy Sunday to you all, Definitely was a weird week last week for GBP. What I think will happen when the market opens is price will gap back down to where it gapped from last week, which it never retraced back to. Even if it doesn't price will rise then eventually retrace to that area for sure! I personally have never seen anything happen like this, where price...
Happy Sunday to you all! *READ ENTIRE ANALYSIS* Price is creating more higher highs, higher lows, and looks to be about to reach the resistance line just above the 78% on the Fibonacci Retracement (Blue Line) which is around the price of 142.825. What I see CAN POSSIBLY happen is price creating a bearish 3 drive strike pattern *Red cirlces* once it reaches...
GBPJPY key levels. This week definitely looking for mostly buys as the current trend is bullish looking from the 4h chart.
GBPUSD has been resisted at a 3-year supply zone after attempting to break out. We could expect GBPUSD to pullback first, before continuing it's uptrend, first point of resistance being previous resistance turned supply. Should GBPUSD be able to break this support level, we could look to buy GBPUSD again at current 7-month rising trendline
After more than 70% retracement, BAT is poised for another run once the derivative data turns bullish. Long-term weekly S/R flip is the last hurdle to clear.
UJ seems to be slowing down in momentum when looking from the higher timeframes. I wanna say we are going to remain bearish overall, but I want to see how this is gonna play out. As you can see from the trendlines, this could be just a giant flag for the bull. So let's find out what happens this week: BULL TPS: • 107.260 • 107.528 • 108.072 BEAR TPS: •...
On the 4 hour, it looks like a baby head, neck, and shoulders is forming to signal the bull. The right shoulder is missing. BUT, it's the weekly charts that got my full attention. It shows price is bearish, but a bit jagged. We're sitting on top of where a previous market structure took place. If we break the range at 1.50748, we're gonna be in for a nice...
Gold hasn't been this high since the last recession. Had to put in new levels to pace the move. New zones will be created as the market continually moves up. I don't think it's gonna stop any time soon with the economy devastated by the Coronavirus. This is ongoing. So this is may give god the opportunity to keep rising over time. The most I'm looking for is...
What I'm looking for this week is to see if the bearish momentum will continue longer or will we begin an uptick for a little while. The overall move is bearish, but I'm looking for that to change if it can come back to 1.22093, or make it to the monthly zone around 1.18937. Otherwise, go bears! BULL TPS: • 1.21933 • 1.22889 • 1.24148 BEAR TPS: •...
This may still be a giant retracement for the time being. Waiting for it to get to the monthly zone 1924.42 area to determine the bear continuation or keep going up where price did its big dip. BULL TPS: • 1913.44 • 1919.12 • 1924.42 • 1941.64 BEAR TPS: • 1888.42 • 1886.14 • 1846.39
NASDAQ:INTC * Declines stopped at a long-term weekly support line * After a 37% drop, a huge company - so in my eyes this is a great opportunity to buy the dip. * Breaking a small triangle descending * A stock breaks up SMA20
The new trend to the upside seems to have started for ETH against USD. Market structure has broken. The targets are represented as rectangles. Also a weekly double bottom at play. A break and close below 300 invalidates this. Also with ETH 2.0 it can see a substantial pump up soon. A good 6 RR swing trade. Not a financial advice. Hope it helps.
GBPUSD is soon approaching a long-term trendline, which coincides with a 3 year supply zone. As price approaches this level, it would definitely be strongly resisted. In addition, the current price is the top of a 3 year range, thus we could start looking to sell GBPUSD. Await a retest on the previous high, or wait for a rebound when price breaks the current...