Long time since my last post. I have been watching closely the crypto market.
After a loudly bull run, my perspective of the pair has change.
As wee see on the chart, the price did broke the 9000 USD support strongly. After that, the bears rejected MA200 showing us a bearish scenario. In my opinion, a dropdown is near to come. The 38.2% fibonacci...
After thinking abou the possibility of seeing a downside from BTC on the 6000 USD, the break up shows us a different scenario. We can expect a correction week/s on the TOP crypto coin.
We have to be tuned waiting for a rejection of the 38.2 fibonacci retracement , which coincides with the 6000 usd support aprox.
Then we could talk about a new...
GBPNZD shows us a good short opportunity on the long term. Starting on the Weekly chart, we can see a breakout a retest of both MA. In addition, price rejected 61.8% fibonacci retracement.
After a breakout of the retracement, we could see a bearish impulse on the long term.
I will keep updaitng the pair.
After a while, I bring this CHF analyisis:
This pair show us a bullish scenario the last weeks. After a possible rejection of 1.00 resistance level, price is showing reticence of a trend change( on 4H frame).
I expect one of this 2 scenarios:
. Green: Price rejects MA50 on 4H(also 1H) and breaks the corrective structure with a new bullish...
Bitcoin has broken lateral resistance in 1H frame with a big bullish candle. We could see, after a corrective structure that confirms the breakout, a bullish scenario till 7.500-8.000$ on the next weeks.
After a bullish correction, pair has been on a weekly consolidation to see if the price could go further. After that, price broke down and now MA200 and MA50 has been broken. We can expect a bearish scenario for the pair on the upcoming weeks.
First of all, I want to apologize about this months I was offline. Since now, big things are coming.
As to the chart, after a big impulse from this pair, price has stopped at 1.00 psychological level of resistance. RSI is showing some divergences wich could indicates us a possible short movement this week.
Also, at the 1 hour chart, we can see a typical...
After a big bullish wave, price has been in a correction structure the last weeks. A triangle pattern has been formed with a 38.2 % fibonacci retracement. We could see an impulse this week to MA50. Then we have a breakout of it to validate the pattern.
After a huge bullish impulse, price is retreating to the last resistance level wich becomes support level. We can expect some sideways movement till 50% fibonacci. Long opportunity cames after the breakout of the corrective structure. Let's see how it develops
Price seems to rebound in a bullish channel. High frames shows us a psychological resistance level(1,25)+ overbought RSI. Price probably will test that resistance. If it breaks, will have a bullish scenario, if not price will probably entry in a corrective structure (50%-61.8% fibonacci retracement).