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2 possible scenarios for Bitcoin with chance of pump to 41800Hello everyone, Lets talk Bitcoin so after our recent post regarding the uptrend line that was acting as support but BTC broke it, and now it's at around 39k-38k area, 2 possible sceanrios now, BTC might bounce back to 41800 if it breaks the downtrend on the RSI as shown in the chart, also MACD shows a chance of crossing and positivity, If BTC was not able then we might see BTC numbers near 37k Trade safely and do your own research hope this helps
by Tradelaza
USD/CAD Bullish AnalysisGood morning, traders! Today we will analyze USD CAD in three timeframes to show you why we consider upside potential in this pair. We will analyze from a higher to a lower timeframe to contextualize the analysis and detail how the three visions coincide. 🔸First of all, we have the Weekly Chart: - In this chart, the analysis is very simple. We see a marked downtrend and the price facing an interesting support zone. This is not enough to consider a trade, but we already have a key level that is being tested. There is the possibility of a rebound. 🔸Now we are going to reduce the timeframe to the Daily Chart: - Here, we will mark the most recent trend that we can put within a channel, and we will mark the support and resistance areas closest to the price. This will determine between which zones the price can move during the following weeks. We already have the Weekly and Daily context, but we don't have a setup idea yet. 🔸It is time to go down to the 4H timeframe, and here we are going to raise the situation that we will look for: - We see the rebound in the support zone and a Bullish Engulfing Candlestick that shows us a rejection in the zone. This is the first bullish sign. Also, the price is trying to break the descending trendline. What we will expect will be a clear breakout and then a retest/correction. Once that happens, the next thing will be to wait for the bullish continuation. If this happens, we will be facing a potential movement whose target is the next Resistance zone or the descending trendline, whichever comes first.
Long
by ThinkingAntsOk
GBP/JPY - expect a move down ,15min -27.09.20-> In this analysis, I decided to look at the GBP / JPY currency pair, the analysis comes from a 15 min chart. As we can see in the graph, a rising wedge formation was formed for us. I assume a downward movement and then an upward movement. Entry into the position is at the current price and then the buy order on the reflection if it happens. I expect to move down to around the price point @ 134.340 and then expect a reflection upwards to around the price point @ 134.690. === -> if the price breaks through the channel, the Buy position does not apply === -> If you have any questions or concerns, feel free to comment in the comments section. If you like my idea you can support it with like. -see also my other analyzes, 90% were correct -This is not financial advice. Trade safe!
Short
by erikpolakk
BTCUSD - Too soon to call BULLFrom the daily chart, market conditions have changed as of the April 13th failed reversal and subsequent upside break of the long-term trend that has contained price since all-time highs (orange line). There is immediate resistance above with a 9500 - 10000 resistance zone and the 200-day moving average. However, likely to be broken with continued upside to test the red line and 11700 in extension. These two levels are valid neckline levels for the inverse head and shoulders structure which had developed from mid-January to the beginning of March. An upside break of 11700 would be sentiment-shifting and the confirmation of the BULL.
BITFINEX:BTCUSD
by BESTY