It's weekend and we are all looking forward to what might happen next week.
Here's what I can deduce from the chart.
Break of external market structure higher high, price proceeds to 50k region and reacts to the OB therefore causing a sudden drop in price.
I have marked out a (not really outstanding/obvious) higher low on the chart, that price broke through...
It's been a while I dropped something for my audience here. I have been up to a lot of tasks which made my schedule very tight and energy draining. I am still with you all so lease don't feel abandoned.
On the 1h timeframe, EURUSD has been in a health uptrend since 21st August and price has breaking major resistance zones making HHs and HLs. I used a trendline as...
I am currently looking at BTC after the huge dump that happened in the market which also affected other alts. As you can see I have identified some key areas in the market and I am pretty sure you can spot the divergence there on the 4 hour timeframe.
It broke the 50 level on the support of the RSI and headed to the oversold region for the next support.
Hello guys, it's been a while I actually gave updates. I have been busy lately but I decided to drop one today. Please bare with me as I have alot of things to tidy up. I promise to resume giving constant updates soon. I actually did a top down analysis on BTC stating most confluences I have seen on chart using just pure price action. So follow the thread cause it...
Trade idea on DOTUSDT. Below the recent swing low should be a good confirmation of a new trend on the 1 hour timeframe. Price is now below EMAs using them as resistance. Take profits and invalidation area indicated on chart. A stop order could be used. Trade safely.
Before I lay emphasis on this recent analysis, review my previous analysis that played out well.
Link to analysis
On the 30 minutes TF, after BTC must have reached its ATM at the 34k region, it proceeded to dump which was influenced by a double top after the retest of the neckline. The 33k marked zone wasn't strong enough to hold it but it later got rejected...
This is my bias on BTCUSDT currently. It should have to break pass the present higher high after breaking the flag too then have a pull back and the rally continues.
What do you think? Let me hear from you in the comment section.
Sometime ago, I posted my analysis on EURUSD that EURUSD has a big potential to be bearish long term. Please review the post with the link below before proceeding to read this analysis.
LINK TO ANALYSIS
On the 4 hour timeframe, have you seen the bearish confirmation pattern (an ascending wedge) and its potential directions? Can you relate this with the first...
We all know the reason behind ripple's dump in which greater part of it has to do with the fundamental analysis. However, I decided to mark out key levels for XRP in the 1 day and 4 hour timeframe. You can see that below.
My bias on gold. Didn't check anything about fundamentals.
Not part of the analysis but I just felt I should add, Do well to liquidate some cash for Christmas. There is still money to be made.
Merry Christmas and a happy new year in advance.
My bias on EURUSD.
That is, price retest on previous swing high + on support on broken channel.
On the fundamental side, I heard a rumor that Dr. Fauci said the Moderna vaccine would probably be given early next week.