USDCHF LONGUSDCHF Potential buy: Supported by DXY is up by 0.08% at 96.15 Possible bullish price movement towards the resistance 0.9988
FXSTREET Trend index (STRONLY BULLISH)
Bulls Power
The Case for $10,000 ETHI had to repost my idea because I accidentally violated the rules in my previous post. Sorry for being redundant. Thanks for your patience.
Please don't trade based on my technical analysis alone. This is only meant to provide you with new ideas and new insight to improve your own unique approach to trading. I don't expect to accurately predict what the price will do. I just enjoy imagining different scenarios that could happen. Enjoy!
This idea was originally inspired by a fundamental analyst that I respect a lot. I wish I could give him proper credit and link you to the information, but referencing anything outside of TradingView is not allowed.
So could ETH really hit 10k? Well in my opinion it certainly could. A $10,000 ETH would mean a market cap of around 1 trillion dollars. When you take into consideration the market capitalizations of more traditional assets, this definitely doesn't seem impossible. According to an article from a trustworthy source which I can't name, the market cap of physical gold alone is somewhere between 7 trillion and 100 trillion dollars, and the market cap of the S&P 500 is over 20 trillion dollars. The cryptocurrency market already reached a market cap of around 1 trillion dollars during the 2017 hype cycle, when almost all cryptocurrencies were nothing but an idea on paper, and the vast majority of institutional money had not even touched cryptocurrency.
What will the market look like as these mere ideas become actual working products, and as major institutions start getting involved? In my opinion, it's only a matter of time. Will it happen next year, like I have drawn? Or will it take 10 years? Or will it never happen? Leave a comment and let me know your opinion. I personally doubt it will happen next year as I've drawn, but as you can see from the previous price movements it's not outside the realm of possibility.
If you appreciate the insight, let me know by leaving a thumbs up and following me.
Cheers!
EURGBP Long Position [Daily]See a channel formed on daily chart on EURGBP 0.20% .
We have hit the bottom channel and we can see that there is a retest, If price can hold at bottom channel then we could see price move up.
We also see a convergence on RSI which could suggest price reversal.
This could be a risky trade as we would be trading against trend but you could wait till price gets to top of channel and trade that.
Thank you
Does BTC go up the chimney down, or down the chimney up?Hey guys welcome to your typical "Could Go Up - Could Go Down" scenario.
You know the drill - this isnt advice. This is education. All about the education.
In the orange we have the bull flags, pointing further drop
One of these bear flags has also formed a rising/ascending wedge - as you seen, we have broken south of that.
In the green you see an inverted head and shoulders plus a MACD showing higher highs and an uptrend.
The play from here, if we want to be bullish, I would say that we bounce down to the .618 fib, find some support and head start heading back up. This is around $6174
Volume still appalling, and with the weekend approaching, we could be seeing that .618 break, and takings us back down to the $5800 region, which lines up with the bear flag idea.
We do have some strong support around the $6400 region, so we might find some support there and an early bounce for the inverted h&S.
But if that breaks, panic button hits, alot of sells will happen from peoples stop losses, and I see the $5800 being a very real possibility.
Heads up, even if we head north with the green, ultimately we are still dealing with another trend, and will likely see long term continued down trend until December.
If you are in this for the long term, buckle in and don't look at you delta unless you start seeing lots of moon memes going around in your facebook thread.
If you are in as a trader, consider having some stop losses set, if you are in profit, you help secure this if we do see the next bear flag come into action, after breaking out of the most recent one smash us down past the h&s idea
BTCUSD From Aug 2013 until 2017 Fib give 88.60% Support at $3200Well You see the Very low Support Level was at 88.60% on this chart.
If you have noticed that this price action is the same as we are in right now. I have posted also the chart from november 2017 until now in my TV so look at both charts and you will see identical price movement in both chart.
First the Highest bar and then the first low after the High it stops at 61.80% fibo level.
Also the waves after the first are identical.
So if we go through the whole fase than our support will be at 88.60% level!
on the latest chart from BTC that i have posted you can see that this level is around $ 3200
beautiful fibonacci hi guys whats up
The daily chart gives us more positive than the weekly timeframe by the way you have more time to make your resolution
if we look at the green resistance line we can see following signals
so it's hard to make your resolution at this point but it can be easy if >>>>>> the wave broke the green resistance line ( yellow line )
if not >>>>> ( red line )
follow me for more analysis
BTC - demonstration of strengthThis chart shows what I am expeting. I marked a key level (8250) which is very important for this market.
On this point we are going to measure the power of the bears and bulls and their show-down.
Firstly, if we want to get to this key level we will have to pass through 8600.
XAuUsd 1H AB=CD Long. Hello. here we got a nice Little AB=CD pattern. And we got a Rsi that is oversold.
Target 1: 1340.000
Target 2: 1345.748
Stop loss: 1313.750.
