EURUSD is still consolidating after a 2 months run up. This buy area around 1.1900-1.2050 is probably the best place to start adding longs again for the next run up to target potentially 1.3000 in the coming weeks. We are very near this area and price may bounce a few times before starting the next up move.
Buy the dips, hodl, don't trade, you will miss out on the big moves if you trade. Corrections will become smaller in percentage and we are not in the parabolic phase yet, once the parabolic phase starts, 70k-100k is easy. Invest, don't trade. Keep buying the dips and get ready to scale out when the parabolic run starts.
We will either start the parabolic run soon...
Here we have the SEC suing Ripple for creating money out of thin air and giving to their friends to sell, and also the owners have been selling xrp purposefully to keep the price down. All doom and gloom, ripple may well cease to exist under there circumstances, but what I see is a company with a working product that is having dodgy management. Transferring money...
With Brexit assured, GBP should be in a long term uptrend, the recent correction from the Election spike seems to have found some footing. So now GBPJPY is expected to begin the upmove firstly to the 145.00 area. However a crash below 140 would change this short term outlook.
With WW3 worries slowly going away, gold will start it's big correction down to 1490 area. The upmove has been so overextended as there was no real correction, a big downmove towards the 1490 area where the big rally began around 2 weeks ago is expected. That is the 100% extension of the recent first leg of the down move.
Prices are ranging in the 10.20 - 11.50 area and we are at the bottom of this range, which makes for a good long trade in the short term. Since the 200 EMA have been touched twice already and it looks like we are holding this 10.20 for now. I am expecting a big bounce through the 200 EMA on the 1H and a test of 11.50. A close below 10.10 would invalidate this trade.
Though this may just be a retracement of the downmove, but it is of good potential.
Expecting for price to reach just under 0.0475 and initiating a long position to target initially 0.057 for a nice 20% gain.
A 12H close below 0.0475 will invalidate this trade.
I have decided to just use the 12H charts as you can time longer term trends better.
Bitcoin is at an inflection point, yes we can either go up or down, but down is more likely. If it was to go up then I want to see a close above the 30 EMA on the 12H chart.
The next obvious support is at 7400.
As previously said, if ever price breaks back above 9200, I will turn bullish and here we are, now I am looking for a small retracement to 9100 area to enter a long trade.
Target potentials are 9600-9700 area or much higher above 10,000. For now the downmove has been negated. I do not know if this upmove is a continuation of a new bull market or just a double...
Very simple analysis. We are on a downtrend now and I still hold my view that verge will go under $0.01, and yes I do not care about how they are being used by the porn industry. However if for any reason that price managed to climb back above $0.08 in the coming days then I will admit that I am wrong.
Currently we are on a downtrend, remember that. The uptrend...