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On the chart shown, we can see that we have broke above a triangle starting in early November and appear to be holding on temporary support. Currently below horizontal resistance at $453 and consolidating.
Unfortunately the price has broken below the major resistance levels at $360 as seen on the shown hashed red trendline above. If unable to break above the high 300s resistance levels observed while deflating the $500 pump, the price will eventually retrace to $320s - $330s where the support may be retested. Another test of the $380 to $390...
After an uneventful 3 weeks and consolidation of Bitcoin, the >50% retrace from a peak of ~$515; BTCUSD has bought back up to 370 with the endorsement by the Chinese branch of international settlements. The price appears to be in a holding consolidation within the region of $370 - 400 as seen between the 5th and 10th of November. If this zone is...
BTCCNY is currently printing a 4h reversal candle on Heiken-Ashi candles after consolidating above 50% of the triangle width. With an oversold Stochastic and narrowing Bollinger bands, there is an opportunity to begin buying in for a long position, averaging up as necessary if the triangle breaks to the upside. Upside target will be 2200 yuan for...
Dear Bitcoin traders,
After the unfortunate breakdown of the 50% Fibonacci retracement, the price crashed to 1800 yuan and 300 dollars on Western exchanges. It has changed in the 2000 - 2200 yuan zone for the last 24 hours but shows some weakness.
Short term, bearish opportunity to 1950 support.
Bullish opportunity, should the Dashed red line break. This...
This is my short term analysis for BTCCNY.
I am currently looking for a double bottom opportunity after stopping at resistance. Bids will be set around 2330 with a 100 yuan stop loss should there be a new low.
This is my medium-term outlook for the BTCCNY pair.
With the RSI showing bullish divergence and OBV a tight channel, there is a low risk opportunity to long BTCCNY here for a high volume breakout. 4h MACD is also crossing to the upside.
2600 is the highest resistance zone. If this breaks, there will be a high volume breakout.
This is my short-term outlook for the BTCCNY pair.
With the RSI and OBV showing bullish divergence, there is a low risk opportunity to long BTCCNY to 2630s region or beyond with application of a trailing stop loss.
This is my short-term outlook for the EURUSD pair. With the DXY rallying, there are opportunities to short currency pairs against the USD
The green bar is shown to be the zone of high price support and should be used to cover and take profits on a short position from 1.05s to 1.04s. RSI will also observe oversold conditions in this zone.
This is my short-term outlook for the GBPUSD pair. With the DXY rallying, there are opportunities to short currency pairs against the USD
The green bar is shown to be the zone of high price support and should be used to cover and take profits on a short position from 1.480s to 1.450s. RSI will also observe oversold conditions in this zone.
Dear Bitcoin traders,
After a recent meteoric rise of Bitcoin, recent retracement and consolidation has left us above 50% of the rally, indicating further bullish movement.
The plot above shows support and resistance lines to look out for in the near future with dashed lines for support and solid lines indicating support/resistance. For highest risk/reward, I...
After an exciting week in mid-October, Bitcoin looks to holding the 200-300 dollar range well into late year 2015 after a very bearish year 2014. The first bullish wave met expectations of testing support for the bullish move during June and July and has maintained the price through the mid-October weekend.
With a short retracement, there may be an additional...