Dylan78

Dylan78

Divergence, sideways for 3 days, bouncing off long-term support.

Dylan78

It needs to come down, it will not stay at this price for long, even though its showing divergence on the 1 hr, I really believe this is to over bought, my own opinion as long as we stay below the 70.30 mark, expect a drop to - 23 fib. Will probably end up going down to the first long leg of the trend, 2nd profit taking 67.53.

Dylan78

Prediction is could possibly rebound off support to 50% retracement line and then head down A week later, seeing divergence on 1 hr and is definitely oversold. This could be a bear trap.

Dylan78

Gold needs to hold support above 1310 as we are making a double bottom and rebounding off, if it doesn't we are heading down, but I see bullish signs of MACD DIVERGENCE on the 1 hr.

Dylan78

I have analysed all time frames that are relevant, the weekly, day, 4 hr and 1 hr. We are definitely going to see the USD go up, MACD divergence unless we break that current support, it is trending up on the day chart. This will in turn effect all other currencys against the dollar since they are all correlated.

Dylan78

I put out a chart before it even happened. As you can see we rejected the 10k resistance, and sold through previous support on a short leg, I thought this would be the case.

Dylan78

If we are going higher, we have to get past the resistance zone of 10k, Strong MACD divergence forming on 1 hr, could lead to possible selling period but over all it looks strong now but that can change in an instant.

Dylan78

Formed another trend forming a small ascending wedge on top utilising previous trend as support, in consolidation mode looking for a long leg up which will happen quite quick because it is a major resistance zone if where going to head to 10k. Meanwhile the Dow is looking strong, emini's are just playing with us. Thought Id point out some things why bitcoin did go...

Dylan78

Look at chart to get an idea of resistance and support, and how the 50% line is the rebound on the 2 set ups.

Dylan78 Updated 

la blla

Dylan78

When the market is going to crash in the US, the EUR will rebound off support.

Dylan78

All in the chart, US markets are topping out short term, which will cause crypto to devalue

Dylan78

My view on the pair has shown me that it is has just shot back up to its major resistance zone of 148.00 crossing over the 200 EMA forming an uptrend as well as an ascending triangle. This in turn shows everything is bullish and a lot of strength to the upside. Once Resistance becomes support when the bounce off previous resistance has played out, this would be a...

Dylan78 Updated 

GPB/JPY is experiencing a reversal, Has just broke the previous resistance at 136.50 on the 4 HR chart, we might be looking for a move with in a week or 2 at the 145.00 mark, it may come back and test previous resistance as support at 136.50. overall it has broken its monthly resistance. This is explains why price headed up with out looking back.