NZDUSD above support structure, growth(+190 pips) expected.. Support this Idea with LIKE if it is Useful....
NZDUSD
The price broke above support/resistance structure, after a pullback if continues to hold above the structure, I expect the price to move higher towards next resistance structure.
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Bctusd
Interesting!! If this happens BTC is going to $40K!
This is interesting. Fractals are pointing towards $40K.
If you observe the RSI and MACD. The current pattern already formed when BTC was trading at 28k at 30Dec. BTC broke out then unexpectedly. I see the same pattern now.
Break and close above 35900 could possibly trigger a rally towards 40k.
Yeah this possible now. Observe the chart carefully you'll know why.
Any close below the resistance trendline could lead to 33k BTC.
Chart invalidate with a daily close below $33521. This will trigger a 10% decline in BTC.
I hope this short info helps.If it does, do hit the like button and follow me for future updates.
Your questions will be answered in the comment section.
Thank you
#PEACE
💡 Don't miss the great buy opportunity in Bitcoin/TetherUSTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (23781.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Bitcoin/TetherUS (BTCUSDT) is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.
Take Profits:
TP1= @ 24669.0
TP2= @ 25143.0
TP3= @ 25932.0
TP4= @ 27063.0
TP5= @ 28486.0
SL= Break below S2
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BTC still range boundIf it loses the range it is down to 19.5k, if it holds we might see a bounce to the midline . More likeley to break down since RSI is below 50% and no bullish divergences have been formed, in addition there are the gaps below and plenty of inefficiencies in the price action. The range from 19.5k to 22.3k is a transient zone with hardly any volume, they tend to be filled eventually.
BTC May 2020 fractalIt has been following this fractal with odd precision. Doesn't mean it will keep following it. Price action and structure always trump fractals. Bullish divergence on the 4H, near midline of the channel, I expect a relief bounce to above 18.8k , if not it can keep on dumping. One has to continuously monitor it and gauge the signs.
BTCUSDT: Are we going to the correction?Greetings! Bitcoin goes up like a rocket. Many factors pushed him. But now the asset is clearly overbought. We need to prepare for the correction. It's hard to say where it starts. Perhaps we'll hit $14,600. But I believe that there will be a pullback to the area of $14,000 if we go back to the upstream channel. Which I have updated.
If you like my ideas, please click the "Like" button. I'll be glad.
Have a nice day and let the profit be with you!
Divergence of wave 5 indicating a fall on BTC _ ShortHi there,
We have picked up that divergence of wave 5 indicating a fall on BTC, we anticipating this fall as much as we are still concerned about the incomplete rely of our firth wave. Watch price action to identify more bearish candles with strength to the down side.
Goodluck
BTC Weekly is looking very bearish, TD count and moreLast week closed on a perfected TD 9 (close higher than the previous week) and this week is closing with the start of a downward TD sequence. Not only that but there is bearish engulfing candle that covers last week's candle. Furthermore there is a weekly bearish divergence and price is about to cross the midterm trendline that held price since mid March.
BTC near last support before capitulationBTC is in a bad shape, broke the 3 month diagonal trendline and closed below it, this is very bearish and if support at 8500 is lost than it might free fall. Now price lies in the exact same zone prior to last March capitulation. Maybe one more bounce before final dump. However there remains the chance of whales manipulation for a stop hunt to 10.5k, stopping out the shorts before the big dump. The month will end in dramatic moves.
SELL THE NEWSI expect a bulltrap around 10600. Keep an eye for short opportunity. Huge wage bull trap coming from 2017 break is the key for the long bullrun. Support are depicted as TD setups, daily MAs and Fib 0.618.
BTC.D(MARKETCAP BTC DOMINANCE) above 73 will be a disaster for alts.
Meanwhile CRYPTOCAP:OTHERS is on the rise(Market Cap of Alts except top 10).
Before the long bull run keep an eye on BAT,XLM,ETH,RDD,DGB,XVG and of course DOGE. Why?(Because Last>Monthly MA5 and MACD is is trying to cross upward from the bottom.)
Good luck!
BTC big rejection wickIt is why I didn't recommend longing this mini micro uptrend. One hour left for 4H candle to close and it looks like it wants to form a bearish shooting star. No luck bulls, whales have other plans for BTC.
The big drop timing is between April and May, not necessarily like I have drawn on the chart.