Today bias for trading is down.
EUR-USD moves in relatively big channel.
Catching long scalps is possible, but we never use more than 1/4 normal position size playing against trend. And get ready to set proper money management when bigger dump comes, especially on lower time-frames.
Price heading to retest 1.08 level at the moment of writing, already declined...
On the Monthly chart we can see still downwards pressure.
Weekly candles are ugly - very long up wicks.
Daily is not able to close above 7150.
6H loosing LONG shape
in next 6-12H we can see BTC testing lower price areas.
Watching low time frames to confirm end of the consolidation.
Another update when it goes into...
Take a cup of coffee, tea, beer or whatever which makes you chill.
Let's create a story of Rich Richard.
What if 6500 was "the bottom"? But what if someone does not want it to be anymore?
Can you BUY all of BTC when big dump happen?
Let's assume Critical for BTC scenario..
Let's take scenario where there is someone we can call "MR. WHALE" and his DAD.
GOLD - right now bearish divergence
move down can lead to create bullish divergence
expect huge move down even to 1430 (if 1540 can not hold) until 21 April 2021 and then hard test of 1800-1900 zone in 2023 - will we go to 2050$ gold before 2025?, in scenario when we will go 1800-1900 around 2023 - don't think so, angle of creating HH...
RSI, MACD - both shows bullish divergence on 1D timeframe
according to golden ratio - target 11500 (resist zone 1) and target 2: 12400, 13800
important level 9300 denies : we will get into big zone -> triangle area
KEY LEVEL 7065-8000
move can start between 23.03.2020 - 18.05.2020
business inquiries : email@example.com
for a while we could see bitcoin rally, recovering from bear market structure.
This is interesting as we are seeing mayor world events happening exactly when we see price action above 200 D MA.
RSI and MACD looks bearish as it shows divergence, HOWEVER looking at market as a whole (daily, weekly, monthly) we can see big investors stepping into market...
raven coin just started his rally to 2K mark which is 1.618 fib level according to top high and resistance zone.
EMA, SMA and market cycles confirms his bullish uptrend.
Comparing RVN to BTC we can see that it is highly confirmed trend - RVN getting stronger and BTC going for short.
Everything will happen in next 2 weeks.
I am not financial...
14.05 is important day in this month. BTC will have to pass test of his zone.
until 11 CEST @14.05 if price don't brake 7420, we will see price falling
braking 7420 means another price pump