Hi fellow traders,
With all the doom and gloom recently, there seems to be a light at the end of tunnel (albeit a short one, perhaps) for BTCUSD and the whole crypto world in general. As we can see, there is a bullish cypher forming at the current trendline support level of 7300. We could see a correction up the the fib levels indicated in the chart. Best case...
Well, well. What do we have here. To keep things undyingly simple, you can see the fakeout on April's trendline break was very much monstrous.
I'm gonna go on a hunch here and say that the re-test of the symmetrical triangle breakout will result in another bounce ;)
Play safe, and please don't bet the farm LOL! We could see whales liquidating all long positions...
As seen on chart, a break above the red trendline could see OIL testing USD90 again.
All commodities are likely to see more bull runs due to a weaker USD.
P/S Please exercise due-diligence and risk-management in trading.
Best of luck and many profits to all!
Boy, has EOS been strong! Trust in the Dan! However, as a HODL-er myself, a break below 4.63 below signals the start of a hellish ride.
This hasn't been helped with BTC & ETH dragging it down.
If the trendline goes, a possible short is in play.
P/S DYODD & please manage your risks.
I'm currently targeting a bearish rejection off the M1 trendline + bullish bat variation for this pair.
TP targets are on chart, with excellent risk:reward.
Cheers, and happy trading!
P/S Please exercise due diligence and proper risk management in trading.
I've been HODL-ing EOS since USD0.70, and I'm definitely looking for more upside on this crypto.
EOS/USD has now changed to linear scale from previously moving exponentially in log scale. Still expecting a nice further upside to USD19++ (fib extension 1.382). USD22.5 is also within sight if it shifts back
into exponential mode!
I personally don't trade or own BTC, but it's an interesting find with this log scale W1 chart. It still moves within the band of the curves, and the real problem will probably start when the support and
resistance curves meet. The current sell-off is still ranging within this curve!
Stay safe, and Merry Christmas!
Multiple bearish signals are displayed on a short-term H4 USDJPY chart. Details on chart!
Best of luck and cheers!
P.S. Please exercise due diligence and risk management in trading.
This is my first post in a long while! I'm a huge fan of alt coins, and I've been monitoring XDN/USD closely for the past few days. I'm targeting this breakout to hit 161.8% fibonacci extension.
In my humble opinion I reckon this coin is still vastly undervalued, hence a nice risk-return reward. The market cap is still low at the moment of writing...
I'm sure you have noticed a major confluence of resistances at 114.5 for UJ. A clean break (D1 or W1 candlestick close above this level) is required to propel it to 115.5, or possibly even 116.0-116.8.
I'm LONG on this one, as DXY has yet to retrace to 38.2% from the lows of September 2017. I had set a long trade BUY STOP at 114.6!
Best of luck, and...
Hi mates, another altcoin currently on my radar is the SALT/ETH or SALT/USD pair. As you can see the bullish gartley formation is complete, but the H4 candle has to close above the green down-trend line.
This could launch it to 38.2% retracement, followed by 61.8% retracement if the 38.2% level breaks!
Best of luck and have a great weekend!
P/S Please exercise...
It seems that EOS/USD has bottomed, and slowly gaining strength. The bearish rejection exhibits a buy signal, as the descending triangle resistance is broken! TP1 is targeted at $1.2, TP2 at $2.13 & TP3 at $4.2.
Best of luck and happy trading!
P/S Please exercise due-diligence and risk-management in trading. Cheers!
EUR/USD is currently exhibiting a gorgeous, classic head & shoulders pattern + diamond top! Extended QE by ECB adds to the bearish momentum of this pair. I will keep you updated regarding the price action, with the ultimate TP to fill the Macron gap at 1.08.
P/S Please manage your trading risks and best of luck!