Same structure as EU. We are experiencing a divergence between EU and GU because a big move is about to happen
I am expecting continous bullish action next week and maybe market reversal at 1.19610. The price is likely to spring on JULY 14 as we have high impact news. The demand zone around 1.17720 is a key area to watch as the spring will deflect from that zone from my analysis.
USDCAD has been on a monthly consolidation. Price was testing the previous low as institutions accummulate orders. The accumulation cycle has been completed and we are now looking to be very bullish This is a swing trade and positions will be added along the way I will make a follow up post and leave a link here for my short-term perspective.
Micheal Barry, Warren Buffet among many others have been predicting a market crash. Bill gates has sold majority of his stocks and many other big market players are withdrawing. The USTech100 and Us30 follow the same trend as the Nas100. Gear up for a nasty ride down.
My last prediction is quite accurate, but that is just pure luck. The ice line is lying here and we see pressure. If fails to break through, a short order is profitable.
If the next bars is rising with low volume, highly possibility that ethereum turn into bearish market. We need a SIGN of Strength to break out this area. At least a high volume bar to go beyond 2834.
With all of this obvious Manipulation going on, I thought I'd review the Wyckoff Schematic that many traders are talking about now that we are coming to grips with the fact that Elon hates us. Most Wyckoff charts show Bitcoin price in the "Phase D" (mark down) trend and that certainly fits. However, I am making the case for the current price action to only be in...
Bitcoin is holding the 41k level and will probably will push to 52K before folding over.
Technical Analysis - Distribution Phase - Price keeps making lower lowers - Expecting to see Price drop around the previous pivot area -Price is respecting the P pivot area - Fundamental analysis - Vaccine on hold - Stimulus package uncertainty & unpredictable