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CASH

USO vs. USDNOK + divergence in Cash rate.Divergence in cash rate policy between US and Norway, creates an opportunity for shorting the pair. US is expected to cut its rate, while slower economic growth is waiting to hit the dollar. Norway's economy is doing great, and therefore they expect to increase the cash rate. also looking at USO vs the pair, as it have been highly diverge against each other. could though see oil lower as we are in driving season and a build is occurring, which means demand is low. entering on spot, with a hedge until a reasonable level to enter net short position for USDNOK. Happy trade :)
TVC:USOILShort
by Fx-AlphaStrats
BITCOIN CASH (BCH/USD) - Technically Strong Signs & Price LevelsAt the moment, the Bitcoin price and the altcoins have started to make a slight correction. Altcoins correction depends highly from BTC but just in case let's prepare for technically good entry areas and currently, let's look where it can be on the Bitcoin Cash chart. BCH has started to form a bearish chart pattern called Rising Wedge. If the price and if the Daily candle gets a close below the lower trendline and below the $400 then there is a pretty high chance that the price can approach our good entry area. Technically a good entry area stays around $300: - The round number should work as a support level - Previous resistance becomes support - EMA100 & 200 are supporting that strong price level - Different Fibonacci retracement levels are exactly in this area. Firstly, prepare for the drop downwards if the Daily candle gets a close below $400 and secondly wait for that possible bounce area. Technically it is pretty good and lately, those levels have worked really nicely on the altcoins. At the moment, the current trades should be made through the confirmations and a possible bullish confirmation should come after the Daily candle close above $450, the first target is $500. I have to mention this scenario because my major target on BTC is still $10,000, nothing has changed it, yet! "Learning to accept the risk is a trading skill – the most important skill you can learn. When you learn the trading skill of risk acceptance, the market will not be able to generate information that you define or interpret as painful." – Mark Douglas Feel free to support my effort by hitting the "LIKE" button, it is my only fee from You! Have a nice day Cheers!
by VaidoVeek
BCH - Can break up soonHello traders and friends! As usual, if you like this content, please press that like button & subscribe. Today i present a short analysis on BCH - the idea should be easy to follow by the chart so I will keep it short. It seems like BCH is forming a IHS (inverted head and shoulders - bullish pattern) The IHS is located inside a bullish flag. RSI is in bullish territory on 1D, we have room to make another move up. On the chart you can see my expectations. I have 1 target for the smaller time frame (1) which i expect us to correct from, and later i see us reaching my second target (2). I hope you enjoy, Please comment if you like. ----------------------- Join my telegram t.me
COINBASE:BCHUSD
by Decrypt0