After an anticipated jump up to $10.5, it appears that the bears have blown the top off and snatched up bulls for hostage. On the next episodes.... I’m looking for higher levels to be tested and utilamately denied In quick fashion.
Like my shit :) Between Greta, Tesla and Coronavirus - the future of USOIl is in question. Expecting barrels to ultimately fall to $29 (not $35 as previously stated)
Spent all day running through the USOIL market structure to try and figure out what's next to happen for the instrument. With a lot of help from the homies from the USOIL Chat Room, I decided on this as a possible path for the beginning of the fall for USOIL. Next week's start is unwritten however, I believe the push up in price action will find tremendous...
How many Satoshis will you buy at the $5555 price point. The weekly chart shows Bitcoin facing heavy pressure from bears. If this weekly candle closes out under $11,500 I'll expect bears to drown the bulls all the way down to $5555 which seem to be the best support level for a true, all-time base IMO.
AMID THE FEAR OF A GLOBAL PANDEMIC AND GROWING OPPOSITION AGAIN FOSSIL FUEL USAGE, LOOK FOR $USOIL TO TAKE ONE FAT DUMP. SUPPORT COULD HOLD STRONG NEAR $45 BUT IF NOT, YOU CAN SAFELY ASSUME THE 'WORST'.
GBPJPY looks to be climbing up to a critical test level at 155.650.
GBPUSD RETURNS TO COURSE FOR A POSSIBLE OUTBREAK/BREAKOUT; RESISTANCE REMAINS. BREXIT PROCESSING ON THE BRINKS.
The Australian Dollar is in route to challenge a breakout from its long standing downward momentum. Currently riding on an up-channel, the current price point sits at the bottom of the trend line + both 50 & 200 EMAs are immediately below; indicating additional support. As observed on the 15M chart, after touching the bottom of the trend line, the price point...
GOING LONG.... Look for the moon where possible lol.
Despite what seems to be an everlasting downfall, the GBPUSD pair is currently in an uphill battle, literally. Climbing up in its current channel, the price point has recently tested what I consider a 'break-out' but failed. Not losing too much of its momentum, the price point fell from 1.35052 to 1.30844 where it rebounded with nice support. A 'break-out' was...
Since mid-October the GBPound has been gaining momentum against the JapenseYuan. Reaching a recent high of 147.900, the price point immediately reverted to retest the previous channel's top trend line near 141.500 (shown in orange). After a showing of strong support, the price point returned to its longstanding uptrend which started August 11th 2019 (shown in...
Continuing its current ascension, the Australian dollar is showing signs of strong momentum. With a golden cross sighting (12H), this indicator holds weight in light of recent price actions. I’m expecting this uptick to continue after making a healthy retrace back towards the strong 200 EMA/bottom trend line. I made an Initial Entry at 0.70116 and another at...
The fight upwards is still in play however the play downward is always an option too lol. If BItcoin were to really make a spike upwards, I think it'd look a little something like this. With multiple level of resistance to pass, this could very well be a long journey up to The Big Battle at 10.5K. Here is where I think we will see what BItcoin's winter will really...
After peaking above the resistance level at $7684 briefly, price level took an immediate drop down before gaining support at the 0.618 FIB level. Now with support and resistance between $7400 / $7450, bulls are due to continue their moon mission after surpassing $7450 and closing there. The battle of the comes up at $10.5K. Until then we feast.
Look for a drop down towards the 50 EMA before this thing really pops the lid. The climb will be gradual but I expect the momentum to outlast any push the bears attempt to put up. Traders at all levels are trying to get in on the Bitcoin wave that's already under way. Don't get caught sleeping...or slipping. This is not the winter to be a bear for BTCUSD. Go...
We're slowing clearing the runway for the UFO to ascend beyond the moon :) All jokes but I think this will continue to rise. Lower support has been exemplified and shown to be reliably strong.
Let me start by saying I'm definitely no permabull for any pair, commodity, etc. I'm loving the current positioning of the BTCUSD joint though. Here's much of what I'm looking to play out. Bold yellow lines are heavy support (imo), the thin yellow line appears to be a possible bottom-trend-line (tbd). You get the idea though. *trade at your own risk.
Look out for this move here. Support is shown on all TFs from my perspective; indicators are on display.