Chanell
bitcoin price action scenariobitcoin break out from 45000 area and follow through bar Confirmation break out. but in pullback market close the gaps between break out and pb.
Because Previous move are tight chnanell i think The best thing seller will have is trading range. Because the first pb in tight chanell is minor.
Bitcoin behavior should be investigated in last high . if break out going 52000. if not we have trading range
BTCUSDDue to the weak input volume, we will most likely go down to the bottom of the channel, which is the ceiling of the previous trend line, which is $ 37,500, and then look for higher targets, which are $ 42,000, $ 47,000, Fibonacci, respectively, and if we cross the ceiling. ,. Which is 51 thousand dollars and after that Is the main downward trendwe are going to correct 24 thousand or 19 thousand and ... which I will update later. Be profitable
GBPUSD prediction analysisgbpusd is bullish over all.it has a strong resistence at psy level 1.4000 .and also it has a support at 1.3670. If price rejected from this area then next target can be recent HH at 1.4200.
But if price breakdown the support level and create a daily candle under it then next target could be 1.3400.
Apple - keeping it simpleHey everyone.
You may have noticed before that we have been having this price channel for the last few months, basically since when corona hit everyone. The support and resistance lines have proved to work out amazingly well. But to my surprise, the support line was broken so I was not sure about the stock anymore. However, the earnings report was good, so it looks like we had a fake channel penetration.
Right now there are 2 factors for a short-term correction:
1) The price hit the resistance line. Unlike the support line, it has not been broken a single time.
p.s - if the price passes the line, however it may go up for the channel height. Anyway, even if it happens (i find it unlikely) you better wait for a re-test and then enter long.
2) It is overbought on RSI. For clarity I highlighted a couple of times when it happened (when the price hit the channel and was as well overbought), so we may be seeing a correction.
Just to make it clear, I am still bullish on apple , but you may wanna wait before you buy it.