BTC/USD had an impressive move recently, but now it has reached 2.618 fibonacci extension of Jan 2019 decline
I saw similar finding on EUR/USD
I expect the same thing to happen here.
I will looking for buying opportunity again around 4200
April 2019 is coming to an end so I want to sum up the current market situation so far.
From the 4 assets classes chart below...
Two asset classes are approaching resistance.
The currency TVC:DXY has rally last week and now is approaching the resistance.
Also, AMEX:SPY is almost at its all time high and long term...
After price broke down the neck line of head and shoulder at 1290, theoretically we would move down about 60 points which give us target around 1228-1230.
The question is... Are we going reach there in one go? or Will we see the retracement back to test the neck line at 1290?
It's very obvious here from the chart and...
Monthly overview, we are on the middle of the range here with support at 123.8-9. Price had bounced there twice last week and is now consolidated in vague descending triangle pattern with height of 1000 points.
if it breaks 123.9 we would see price go down to 122.8-123.0,
I always look at the chart from the big picture. On monthly, I see a bullish divergence and price could surge higher, but does not mean we are going to be in an uptrend until we can break that down trend line and stand above it. If this pair go higher, the point where 2 lines intersected (around 1.2) would be the place i...
After we broke out of purple channel, price had moved to stall at resistance from weekly trend line (black line) and then forming, in my opinion, triangle.
This triangle (blue line) has a target of around 18 points from the breakout.
Right now it has broken the trend line that served as support for this rally at 1287 and...