If your reading this your one of 3 people , you have been trading for more than 1-3 years without any success whatsoever that you can be proud of ,you are just in your beginning phase and you just can't understand why you can't get the hang of it(trading) yet you had a few good months in the start , you are unknowingly addicted to the idea of yourself being this...
We are into the 3rd week of 2021 after we had a bounce off 57 highs on oil the previous week
huge trend line touch (3rd touch) crucial for a rejection to the downside with evidence of a continuation pattern( head and shoulders) with price selling off a solid 200 points as of last week
Price is currently hovering around...
Buyers of the aussie are holding bids @ 1.079x area and sellers are having to compensate their loses real quick as price tries to hold water at 1.0808x highs being tested multiple times ,over night trading in the asian markets will give push in price above 1.0808x zone and am expecting market reaction in london session above 1.082x area .
With no economic data...
Hello everyone been away for some. time ,hope you all doing well with the current virus around affecting the entire world, just dropping some analysis on btcusd following last drop we predicted down to 5000$ in past months
I see potential for btcusd to go upto 8000$ in coming days but you can take 6700 as your first target before. we go in for bigger picture .
So I'm away on holiday at the moment and am experimenting on a few ideas that have been running through my head these past few months
so we are going to see one here with U30
the initial drop was inside a range for 3-4 phases before it drop and I went in to calculate the amount of points that it did
and guess what it was about 1530 in price terms
As expected ,,at the start of the new year after an incredibly bearish end of 2019 on btc we had to get significant pull back ,smart money had to come in hard and get new thrust of upward momentum into the market to get proper shorting opportunities on this goldmine we call bitcoin
Flash forward 2 months into 2020 we saw bitcoin go from 6000 unto 10000 per btc...
With increasing scares from the corona virus we will see gold push further to the upside
mass hysteria about to attack the markets in the next 2 weeks ww should see some serious madness pushing prices upwards of 1700