The charts never lie.
The Law of Large Numbers, by Jacob Bernoulli, defends that we can accurately predict an event when we utilise large numbers.
This chart has a precise bull flag formation that has been forming way before the election results.
Now we have the Brazilian people's decision, LULA has "won" and the left is back in power.
From my point of view,...
Just like I said in the past, being in bitcoin is a hedge against the real and the dollar. But for Brazilians to be dollarized is already a difficult task. The scenarios are not nice and promising, but that makes our analysis more promising after all we need volatility to survive.
Bitcoin tends to be the most cyclical asset in existence today, and it is greatly...
Dont over leverage here, high volatility may still exist in this scenario, if you want to be safe in your buy, buy after the breakout of the line.
Famous falling wedge.
Kondratieff wave cycles
If you're Brazilian and you're sitting on your fiat currency, I feel sorry for you.
USD dollar is likely to strengthen next days against BRL. I am looking for longs. This pair is one of the easiest to trade. Just moving averages will do. It is pretty straightforward on higher timeframes, no fake moves as in euro.
For educational purposes only.
Just to record that the chance of the dollar falling is great! After this breakout of this accumulation and the straight support, the price is already indicating a downtrend. Making the tops and bottoms lower and lower. We need confirmation of the breakout of 4.58 reais to establish a downtrend. Strong buying region in the region of 4 reais and fibo.
Despite the recent inflation in all commodities, BRL is starting to strengthen against the dollar and
has now broken 2 key areas simultaneously. breaking a line in itself is not a big deal so we need
more evidence for follow through.
A somewhat confused picture has emerged over the past few days on the USD/BRL chart. I have what looks like a triple top on the monthly and weekly charts, which any chartist will tell you is BEARISH. But…. Over the past couple of days on the daily chart we have what looks like a double bottom which has just completed, which is bullish short-term pattern – so what...
For my English speakers:
I am saying that the price broke major support which happened to align with the 38% fib. With broken support on the higher time frames and structure-forming, suggesting resistance on the lower timeframes make the possibility of a continued fall imminent.
I am waiting for further confirmation n the daily with proper 4H context for...
In a few months from now, billions of people will be glued to their TVs for the 2022 FIFA World Cup that is set to take place in Qatar. Every four years, soccer’s global governing body gathers teams from over 30 countries for the world’s biggest sporting event that brings in billions of dollars in revenues and other economic benefits (jobs and tourism) for host...