Price of the USDCAD has been on an upward trend since October 1st. We have been able to use a nice clear trend line (black) that shows a good upward trend. This was only broken once, after which it was immediately corrected. Currently the price is in a Support/Resistance zone (orange). This zone is respected in: - November 2016 - December 2016 - March 2017 The...
chart analysis: Price of the GBPJPY is currently in a downward trend movement. I expect this will change in the longer term period. 3 different zones have been drawn: - The green zone (Target zone) is the price forecast for our profit. - The orange zone (S/R zone) was a zone that had not yet been breached. The price has passed the zone at the...
Situation Currently, the price of the GBPUSD is in a downward trend. the price has gone through a large daily support zone. This zone has been bearish tested between 12 and 14 December. We can now determine that this has become a large resistance zone (red). Price is in S/R zone 1 (orange) at the moment. this zone ends at point 1.26000. This is currently...
Previous Day's Momentum is Bearish overall. I continue to think there is a need to push lower to fill a large wick @141.15. With this bias in mind i take a top down view to find clarity. Weekly- Support @ 140.52, Resist @143.00. Bearish overall on this chart. Daily- 141.34 seems to be a significant level for Bullish price interaction to the far left. 1 Hour-...
I see the Eur Jpy pair trading lower. My main reasoning comes from yesterday's break of a short term bullish trend. With this, I think we should see weekly momentum look to turn bearish to fill the previous week's liquidity. On a higher timeframe, I see weekly resistance @ 129.050, Support @ 128.00. When going lower, I see that daily is in some sort of a...
A falling wedge seems to be forming in the prevailing downtrend, which gives the bullish signal that we might be in for a reversal. A bullish breakout would only be confirmed when it takes the price to above 3k6 level. In case of an unlikely bearish breakout of the wedge to the downside, beware of a potential bear trap. Next stop in the way down would be around 2k7.
The price closes below the zone and will, in my opinion, continue to fall. I am curious about your views. I am happy about any criticism, questions or feetback.
Looking at how price has reacted If price pushes back down to the new 4hr Demand Zone I will take a long position to the 4hr Supply zone which also ties in with a 1.27 Fib Extension
So, we're definitely NOT going sideways anymore :') The whole Bitcoin Cash fiasco and the overly hyped Bakkt postponing their Bitcoin-backed Futures release date to January 24th, which reeks of massive market manipulation! To me it seems that big money is pushing the prices lower as to buy in cheap. Bakkt as well can stockpile their Bitcoin reserves to back...
Yo what is good everyone back at it again with another chart and I still have a 100% win rate so far and IM NOT ABOUT TO LOSE NOW! As you can see the black line indicates where my live entry is the one hour time frame gave me enough confirmation for me to take a buy on this pair even when I look back on the daily it looks like a reversal is about to occur and also...
Was good everyone this is my first chart idea that I'm publishing I have been low key making too much bread on the sidelines lately and I wanted to enlighten you kids on how I make these blue beanz with a 100% win rate. So as you can see here we have four zones and each one have enough spacing to make huge gains with good ass swings so when it passes the zone you...
Still going sideways. The cryptocurrency market almost seems to be more stable than the traditional markets these days. A breakout still seems to be imminent. Breakouts well above 6k5 to 6k7 levels (along the wedge pattern) would definitely be bullish sign. However, that move would still need to be confirmed by a higher high around 8k2, before it can be...
I see three well-defined sectors that we could move into over the next 8-10 weeks or so. This can be defined by the strongest support and resistance lines of this tiny data sample. However, adding up this data with the Bitrex exchange chart gives me the idea that we are in general going through a sideways trend. I have not done a full analysis by any means, and I...
The sideway movement should soon be coming to an end. A breakout is imminent, but in which direction will it be? Breakouts well above 6k9 to 6k7 levels (along the wedge pattern) would definitely be bullish sign. However, that move would still need to be confirmed by a higher high around 8k2, before it can be considered a move into a bull market. On the other...
Straight forward trade here fellas: - Major resistance - weekly exhausted - price needs liquidity - a beautiful stop hunt push this monday I'm already in the trade, bagging some scalping-pips. HOWEVER, IF PRICE SHOWS STRUCTURE, I'm going to hold it for a swing. Otherwise, we close it. Cheers
Still consolidating. Bullish news and sentiments are accumulating, but still no signs that we're leaving the bearish market. Watch for breakouts! A breakout above 7k2 level would be a good first indicator of a bullish move in the market. However, that move would then need to be confirmed by a higher high around 8k2 and no new lower lows.
After seeing no significant bearish moves after the ETF rejections today by the SEC and some short-squeeze manipulation that also seemed to have failed yesterday, it seems like most (remaining) players in the market are in it for the long haul and are not that much influenced by FUD or FOMO. I personally feel like we pretty much reached the bottom. There might...
I have finally decided to chart AT&T. Looking for a deeper pull back into the 618 at the 27-29 range. We have momentum slowly turning positive, with some buy signals stacking. Were at the bottom of the bolly band with the failed false breakout of 3 years back into its proper wedge. Lets see what happens. Dividends for all! I want everyone to win! Happy...