Hello everyone:
Many have asked me about my view and analysis on Bitcoin and in general where the crypto market may go.
Personally I think price is in a corrective phase and there is no need to rush to enter long or short.
Sure there is some lower time frame movement and price action, but not enough development for any bigger impulses in the market.
My plan...
Potential 10%+ Gains to the upside today, based on the Inverted Head & Shoulders pattern , which is inside of a 2 day Ascending Triangle pattern
Looks like an imminent breakout in the next couple of hours .
I think hodling on to at least 25% for a possible continuation up from 2,750 wouldn't hurt, but don't Bag Hold if your using Leverage !...
ETH/USD
As we can see in chart ETH started to breakout the traingle structure
This is a good news because if ETH is Bullish ...the altcoins can follow soon
In high time frames the level 2493.32$ is very Important for buying.
So we bullish in ETH in long term after a test of 2600USD.
Note : i adviced my members for earlier entery at 2493$
Good Luck.
CTLT looking bullish after a double bottom right on the 200 EMA. Also has a nice MACD pattern.
Will buy now or keep a close eye on it for a retracement bar to use for an entry.
Hey Guys,
There's a possible HS formation formed in 1H chart of BTC USD pair.
Green zone (between 33500 and 34500) is a rational target for short term trading.
This will also mean that 35K support breaking, IF only this pattern is good, so it may move further down but collecting profits should be your number one priority.
Not a financial advise, always...
Hi everyone:
Looking at GBPAUD's price action for the potential sell opportunities.
We can see the price is currently correcting in the larger, higher time frame parallel channel structure,
continue to move correctively to the previous tops
The latest price action shows us a lower time frame ascending channel reversal, good indication this could be the start...
Hi traders:
This week I am looking at a few AUD pairs, and AUDCAD and GBPAUD are looking very clean.
Here on AUDCAD, we can see the bearish trend has already happened and price dropped down from the top quite a bit.
Latest price action shows a consolidation phase where price is moving slowly and sideway.
Good indication that is forming a descending channel...
#EURJPY
👉New forecast
So, what happens with the EURJPY currency pair. The price has come to a strong support zone (ideal for setting SL). And therefore, I expect a fall in the near future. The target is the nearest support line.
The break of the downtrend line and the pullback to the internal resistance, and the synchronization of the equilibrium cycles, provide the conditions for sale up to the range of 154.752
Time Frame: MONTHLY
Possible Trade: SELL
Quick Technical Analysis:
Hmm... possible strong Bearish Reversal coming up? GBPUSD seems to be in a significant Area of Resistance compared to price levels of March 2018. The Area of Support from 2009-2016 has now transformed into an Area of Resistance which, if respected, could signal a possible Bearish Reversal. GBPUSD...
Over the short term:
THe pattern left a huge gap, which amy get filled again. The 40$ support is strong and presents a nice entry position.
Over the long term:
The company enjoys growth tailwinds in its home market China and will increase its presence in overseas markets dramatically in the coming years. NIO is not as expensive as some other EV stocks, but...
Hello everyone:
Since I couldn't do the mid-week market update live stream, I thought I would go over the USD pairs in more detail in this quick video.
My overall bias on the USD is strength in them, so I pointed out 5 USD pairs that could shape up for such opportunities.
Like always I need to wait for confirmation from them, so they are very close to shape...
