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4hrchart

4hr Falling Wedge on BTCUSD appears to be confirming. Watching for the descending yellow trendline to hold support if it even reaches that far. Many times these smaller time frame bearish patterns don't reach their full target during a bull market...but we must also be aware that there's still a chance it could dip down to fill the current CME futures gaps although I anticipate the one all the way down at 9.6k wont be attempted to be filled until we see considerable ore upside...but I must also be prepared should it try to fill during the current downtrend. For now probability favors the yellow descending trendline maintaining support.
COINBASE:BTCUSDShort
by DrDovetail
3
Potential 4hr chart double bottom in play on BTCUSD price action is 1 4hr candle away from 4hr deathcross, but this could easily end up being a deathcross fakeout even if the cross occurs...there is double bottom potential here on the 4hr chart if it can flip this green horizontal neckline to solidified support...the breakout target for the double bottom is pretty close to the target from the 4hour falling wedge pattern from my previous idea as well which makes for good confluence...also we are currently inside a bull flag too on the 4hr which is making upn the right part of the double bottom and also has a similar target once again increasing the confluence and in turn the probability for a bullish breakout. Best to wait and see it confirm first before making a move as well as seeing how price action responds to the initial cross of this 4hr deathcross.
COINBASE:BTCUSD
by DrDovetail
GBPJPY BreakdownPrice is going up to Target (144/145) through Trend creating Highs and lows. Price is currently at past highs where consolidation took place for a week. Currently testing that level as a Support and testing the Trend line. 4HR Fibonacci Retracement "Golden Zone" falls perfect with Support and Trend line. Price range also pulled back same distance as previous pullback couple weeks ago. Showing major confluence. Looking for price to make new highs by the end of the week. Fundamentally Friday will have a lot of EUR/GBP economical news during London session so its likely that news will push pair to new highs. Being that news is just in excuse to move the market the way it should.
Long
by JasonFosterII
Gold potential downside to grab liquidity before pushing BullishTL;DR If XAU/USD bounces back down from 1730-1739 resistance area we can potentially see a large liquidity grab on the HTF. Ultimately pushing Gold into the 1800 and possibly further regions. We can see how XAU/USD has taken a Bullish course after SARS Covid-19 Pandemic across the globe. We can see how gold was stuck in a large range the past 7-8 years after falling from its peak at 1913 back in September, 2013. As price bounced back and forth and breaking because of global panic. As news of Corona Virus spreads and as countries re-open we could possibly see a slow start to global economies or another downturn. I expect Gold to bounce back down to the 1680 area as countries reopen and try to boost their economies through stimulus and possible relief bills being passed across the NA, Eur continent. After sometime we will see that there is enough liquidity in Gold to bounce back up beyond the the 1730-1739 resistance area and possibly 1763 in one fluid week long push.
FX:XAUUSD
by FxLies
1
Invers H&S in making on 4HHello traders, by the look on the 4h chart, it seems very likely, we are making inverse Head & Shoulders pattern, which is maybe one of the only patterns bitcoin really follows most of the times. If thats going to work out, we should make another shoulder down to around 8750/8900 area and when price go back up to 9150/9250 and brake the neck area, we should get to at least 9700/9800. Depending on how strong this move gets at that point, if bulls are strong enough, they may try to test the 10k area again. Lets see. Can it be, what bulls need now? Or bears will take over and take us lower? Let me know, what you think, in comments. Thank you. This is not a trading advice!
BITSTAMP:BTCUSDLong
by Pedrinho33