FX:GBPUSD looks like is slowly coming to the end of the downtrend and this will be confirmed once the price closes above the trendline, preferably with a strong bullish candle and raised volume.
However, I am still expecting a retest of the below support.
Okay, I think I will get some criticism for this comparison but anyways I need to share this idea. First of all, I know that the DOT COM BUBBLE was forming much longer then "Bitcoin bubble" therefore I have chosen weekly chart for NASDAQ composite and daily chart for Bitcoin.
If you check the rise and fall of both, the percentages are very similar. Even the...
NASDAQ:AKAM is currently moving upwards to the previous resistance and will most likely move to the downside from this point. However, for this idea to be valid, previous higher low needs to be broken otherwise the price can easily to up :)
I have seen a lot of people posting ideas about how we broke the major BITFINEX:BTCUSD trendline on 1D chart, therefore we are in uptrend already. I am actually satisfied seeing the BITFINEX:BTCUSD getting out of the long-therm bearish channel and that it broken the major upper trendline of the channel. However, there is still a supply zone ahead and I really want...
VOD is now in support area and I expect it to bounce here. The volume has risen so there is definitely something happening in this area.
Wait for a strong bullish confirmation such as a breakout from the falling wedge or a strong bullish candle with volume.
USDJPY is currently in a bullish channel, however, entering strong supply zone and daily resistance level. The higher highs are getting closer to each other. Wait for a strong rejection from the supply zone or for a breakout from the channel.
Bitcoin is currently entering volume area. You can say that Bitcoin will go up to 50 000 soon, or will fall down to 3 000 soon, but what really matters now is to stay without emotions and look at the chart and volume.
What I see right now is Bitcoin being in volume area without significant volume therefore, in my opinion, is better to wait until the volume show...
We have seen AKAM in an uptrend for almost a year. Important price level/supply zone at around 78.00-78.40 seems to still have an important role.
Of course this needs to be confirmed on lower timeframes and last higher low needs to be broken first.
EURNZD looks like is in distribution area and potentially the distribution is over. There are 2 options right now. If the pair is finished with distribution, the price will go down from this point or other option is that the distribution is not over and the price moves to the last high so let's wait and see if the price is able to break the demand zone.
It is very hard to say if the Bitcoin will start an uptrend now, but it's better be prepared because everybody know how fast can cryptocurrencies grow (or fall :( ).
Anyways, if we look at the above daily chart of BTCUSD from a technical point of view, it looks like we are finishing the downtrend and entering sideways movement. You can easily spot it by looking...