Have not been looking at charts lately as i was busy , so here´s a quick update on btc, On 4H it´s looking really bearish as inverted flag formed but we should not forget when everyone thinks same market tries to liquidate them and if market invalidates this flag pattern a pump towards 5k seems likely possibly but if drops from here that aslo gonna be a bad one,...
After great week for allmost crypto market as we saw movemonts in every coin, hence it´s crucial point to note where weekly candle will close, Hence we´d seen btc overbought on 4H correction happend and it´s still being traded at 3950$-4000$.
But if we look closely somehow consolidation channel is happening and it bounced twice from 200 MA , if broken it can pump...
Pair EurUsd
Time Frame: Daily
Key point at 1.130 areas
i see two scenerios
1) we might see a bounce from this are from this level(which seems to have less chance)
2) we might see a control of bears taking us to 1.10 areas (because of some bad news circulating about european economy)
We have seen quite volatility in this pair last friday on presedent trump's speech. But after that investors showed some nice pullback on the pair taking it back to 1.140 areas, now i think we might we retest 1.139 key level and head towards 1.147=1.148 areas which seems pretty easy to reach , and the price could move towards 1.158 areas creating new monthly...
Here I see two scenario on this one the best place to open short will be 5 months high key level 1.328 areas.if price got rejection from current price level we can expect bounce 1.306 areas.Good luck guys
