Since the second half of December up until recently there has been a big surge in the price of BTCUSD that could have started an uptrend.
After a retracement last week the trend might continue upwards.
A position is included if you're wondering how to trade it.
BTCUSD is still in a downtrend which means that it most likely still hasn't bottomed yet. After the rally lately(which formed a retracement) it is very likely to continue the downtrend in the near future.
Btw I highly recommend not to daytrade(or swingtrade) cryptocurrencies.
GBPUSD to have a pullback
There has been a big move to the downside lately which created the possibility for a pullback
If we see the price making a revearsal pattern that could be an opportunity to buy
Not too much action expected today
The uptrend is weak but still intact, if the 1.154 support holds we might see newer highs in the longer term
Today we might only have small movements of the price, I personally expect a sideways market
this session with the price ranging inbetween the 1.154 and 1.158 levels
Possible lower high forming
There is an uptrend currently but according to the momentum indicators that might change soon
The trend is weakening and if the current swing won't make newer highs that could indicate the
start of a downtrend