About meHello there. This is Ali Salar Kazmi. I am a forex, binary and options trader. I am not an expert But I do analyze the charts. So, let me know what you think about them in the comments section..
1) First We should consider the trendline test.
2) Ichimoku cloud is bearish
3) Bearish flag breakout happened. Target according to its pole is around 4k.
4) Rsi moved below 50.
5) TTM Squeeze turned bearish.
All strong bearish signs indicating the fifth wave to end at 4k region. Will take atleast month to reach there.
Its not a financial advice.
Do your own research.
Penant breakout and the target will be the length of the pole.
THere was HNS forming in Euraud before but we the price couldnt confirm it and bounced from the bottom line of hns.
Follow at your own risk.
$BTCUSD current scenario is bullish.
We are in the fifth impulsive wave which may continue till 9200-9400 dollars.
THe triangle breakout looks good.
The daily candle of yesterday also closed above the resistance of $7500.
THe next resistances are at 7900 and 8300.
Btc also formed the head and shoulder pattern and the cup and handle pattern which is a strong...
Eur/Usd may come down to test the support at 1.234 clearing upto 70 pips from this position.
Have a good day.
Note: This is not a financial advice. Its just my view.\
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SO bitcoin has broken a falling wedge pattern and now must gain support from a lower trendline . Horizontal support combined with trendline region comes somewhere around 5500-6000 Dollars. Thats where bitcoin might drop potentially.
Bitcoin has been on a major downtrend and may continue it for the next 3-4 days and after gaining the support next...
SO bitcoin has broken a major trendline and now must gain support from a lower trendline. Horizontal support combined with trendline region comes somewhere around 5500-6000 Dollars. Thats where bitcoin might drop potentially.
Bitcoin has been on a major downtrend and may continue it for the next 3-4 days and after gaining the support next scenario will...
Bitcoin move isnt looking good at this point where there is no volume and the formation of a scary pattern is under way in short time frame. Staying above 11k is good. But breaking the green zone completes the formation of Head and shoulders which is bad. Bitcoin has 100 MA support and also the trend line support at present. But with no volume everything gets...