What I'm seeing on EURUSD!TL has been holding as a level to watchout for since september 2019. Price is currently at the TL now. Further confirmation could trigger my bearish bias if not we might be looking forward to going higher.
Confirmation
Here is why Bitcoin will Confirm the Bull-Flag a Second Time! __________________________________________________________________________________________________________________________________________________________________
Hello dear friends and cryptocurrency enthusiasts, today I am looking at the daily bitcoin chart. This analysis will be my logical follow up to past observations.
As I already published Ideas on the subject according to bitcoins price movement in the bull-flag and the break-out with confirmation of the bull-flag, which already happened.
If you want to have a full overview according to the recent formation and price movement I strongly recommend that you check out the charts already published.
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This analysis is the logical follow up to the charts you can watch below:
Where I called the real or fake bull-flag:
Where I called the bull-flag confirmation and the higher high which developed:
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So now we can jump to the formation building up in recent days, as you can see in my chart bitcoin formed a higher high at 10470, exactly the are where I predicted the higher high
in the recent analysis, now as expected we get some down movement which is quite strong but as you can see in my charts we have a healthy support are at the bull-flag upper line.
The upper line of the bull-flag channel is not the only support we are facing in the structure, we have also good support at the 78.6 % fibonacci ratio and the support level of the recent
up-trend.
You can see it here:
Support/Resistance:
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As bitcoin has great support in the are between 7300 and 7600 I see a high probability that we confirm this are as support in the futrue. After the confirmation we can expect some up-
moves to higher levels. I will look for a good and decent LONG entry in the support area, for now a SHORT trade on the shorter time frame is possible but it would be wise until the
bulls provided a decent pull-back.
Now it is waiting time, I see a high probability that bitcoin confirms minimum a second time, as described in my chart, the big bullish bull-flag which theoretically already confirmed.
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Thank you my friends and crpyto currency enthusiasts! If you found this analysis profitfull feel free to subscribe my channel and give a like for more market insight!
“In order to succeed, you first have to be willing to experience striving.” I stand for this quote in the name of my analysis!
It is friday so have a nice weekend my friends! ;)
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Bullish consolidation pattern - needs confirmation!Apart from all the FUD these days in the crypto space on the daily timeframe the forming chart pattern could be identified as a broadening wedge pattern which is more likely to be resolved to the upside in this case.
This demands of course that the current low is the final low in this pattern and therefor the 200 day SMA holds the price action (currently it looks like it does).
So in the next days/week we could see a rebound at least to the upper line marking this broadening wedge.
If the touch of the upper line of this wedge is happening BUT the BTC price doesn't manage to break out of this pattern we are more likely to make a next lower low before breaking out of this chart pattern.
Fundamental + Technical Analysis = 70% profitability Fundamental Analysis i will start out that there is a GDP q/q 1:30am PST 4:30 Est i believe that news will ultimately be bullish outcome for 6-14 hour Time of expiration of purchase which i will buy in nadex one ITM(in the money) and one OTM (out the money) binary trade: Here is why i think fundamental is expecting a bullish outcome on fxfactory the forecast is 0.0 PREV is 0.4% if you look data avg it doesn't dip beyond a 0.0 in the last 3 years so im not expecting something different than an outcome higher than 0.0
Technical Analysis so to start we had a break of structure where i highlighted with a ellipse purple and that is a significant point and i then drew my Fibonacci what i would like to see is a retest of the low at 61.8 or 38.2 again before reentering in on the trade with that being said as well we have the break of structure retesting as support: im writing this now as 430pm pst and i fell asleep the trade went into my direction and i believe would of easily been a winnable trade with the fundamentals aligning as well: indicators do show rsi divergence and the VC showing a exhaustion in sellers:
Trades taken at 129.2 or 129.4 for otm: ITM would of been at 129.00
Fundamental + Technical = 70% w/l Fundamental Analysis: We have RBA Gov Lowe Speaks which more likely than not is hawkish for this pair so im expecting for a somewhat good push and while im writing this at 4pm pst it is pushing down now: however im expecting a push for the downside next 6-14 hours or staying negative percentage of gain in the aud/usd pair
Technical analysis: we have a break of structure which i highlighted with a purple Ellipse and with that means new structure on the 1h however 4h is still providing a bullish bias so be careful on where you set your targets for this option i would say play it safe at either the .400 mark which is lime green or at the .200 mark with that being said fibonacci played nicely off the 78.6 which is a slow and moderate push Price reversal zone and we had confirmation with market structure with the rsi divergence and VC Showing seller exhaustion
EURUSD long or short (Support Resistance, Supply Demand)Hello Traders !
EURUSD is consolidating now a little bit. The question now is which direction can we expect EURUSD to go?
We are currently at a weekly Support Line and at daily Supply Level. But we have no final confirmation yet for the direction. We need to wait for the market to see how it will move and to wait for a valid retest. If you ask me it would not surprise me if it will move to the upside but we will see. Do not act to overeager. Wait for confirmation.
Watch Price Action, follow your trading plan and trade carefully friends.
Let me know your view on EURUSD and what you think about my Analysis.
Please leave a LIKE to support me if you like the Content I provide on Trading View
Thank you and we will see next time
- Darius.
BTC: STILLLL in a downtrend, but taking stepsRevisiting and readjusting previous charts. So far we completed Step 1 and step 2. I've modified the falling in wedge into what looks like a decending channel now. We DID NOT accomplish step 3, which was hitting a higher high. It was close, but no cigar.
Right now the 4 hr is also showing bearish divergence. We could very well be heading back down to mid channel resistance and the golden pocket.
Lets think long term. If this scenario plays out, we could be building a pretty substantial inverted head and shoulders to give us the REAL momentum need. The target would establish a higher high from the last bull run and a reversal of the trend may occur.
GBPJPYIdeas on what could happen.
Always react to what the market is showing you.
Patience always pays.
Be aware of this formation - It can bring bitcoin to 16600 USD! _______________________________________________________________________________________________________________________________________
Hello dear traders, investors, and community the cryptocurrency market is trading in exciting times right now as I showed already in recent analysis.
In my last observations according to bitcoins price movement, I found some important indicators which when confirmed can shoot bitcoin to 16600.
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Lets get right to the analysis which you see right now, we are looking at the daily chart and as you can see there is a massive inverted head and
shoulder formation marked in green. We are just about to form the possible right shoulder the next days and weeks.
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As bitcoin is facing resitance above at 10150 to 10300 I am expecting a correction when not a heavier down move to lower levels but dont panic, this
down-move could confirm the right shoulder which is needed to confirm this massive big head and shoulder formation.
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The percentage amplitude shows the target will be 16600 when the inverted head and shoulder formation confirmed.
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We saw a smaller inverted head and shoulder formation on the local chart picture which already confirmed to the upside.
The big inverted head and shoulder is looking similar to the small one.
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We need to watch for the price movement coming up the next days and weeks for a confirmation of the inverted head and shoulders formation shown
in my analysis. A possible LONG opportunity is given at least when the formation confirmed.
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Thanks, everybody who found this analysis useful, support with a like and follow for more market insight! ;)
All the best and good trading profits my friends!
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EURJPY long and short possibility (Supply Demand Analysis)Hello Traders !
We got 2 possibilities on EURJPY. We are currently at a nice Demand. From here the price could go to the Supply Zone or even to the second Supply Zone.
But we also could see EURJPY going through the Demand Zone. Keep in mind that it is a daily Demand and we will need to see a daily close for the final Confirmation. Of course you can read on h4 or h1 Price Action. This can also be your final confirmation.
If you have any questions write it down in the comment section below. Also let me know your view on EURJPY and what you think about my Analysis.
Please leave a LIKE if you like the Content I provide on Trading View and to support me.
Thank you and we will see next time
- Darius.
XAUUD short Big Drop (Trend Line, Supply Demand)Hello Traders !
Nice Gold Setup. We have seen Gold broken the Trend Line. Now it is at the Retest and there is also a Supply Zone.
I expect the price to drop till the next Demand/Support Level. Keep in mind to watch Price Action as always.
Confirmations:
1) Trend Line break and retest
2) Supply Zone
Let me now in the comment section below your view on XAUUSD and what you think about my Analysis.
Please leave a Like
Thank you and we will see next time
- Darius.
BTC will test 10.300 USD soon?_BTCUSD_20200206After consolidation around MA200 and made zone 9,400-9,500 become support, BTC can test the zone 10,300 USD. At this price, also marked by Fibo 0.5 and BTC was denied in Oct, 2019 in a rally of nearly 3,000 USD so if BTC reclaims this area, it will confirm we have higher high in a uptrend phase from bottom zone between 6,400-6,800 USD.
Let we see if we can hold the price at over 10,000 USD this time. In this case, 10,150-10,300 USD can become the support region, we can see BTC test the high 11,000-11,200 zone before having other actions. MACD and RSI on daily chart support we can go higher from now.
From weekly chart, we can also see the signals that price can rise from MACD and RSI which we can expect 9,900 and 11,000-11,200 USD can become resistance in this increase.
P/s: NIAH (Not investment advice here) ^^
Moving Average Crossover??I've noticed that moving average are about to cross over or very tight together.
50 EMA & 200 EMA..
Possible downtrend move of 60 pips maximum.
Remember, no crossover, no trades.. Because most of the time moving average doesnt even cross over, they just are really close together then departs!! So never know until you see clear confirmation!
TRXUSD: possible long scenario, waiting for confirmationTRXUSD has formed a descending triangle technical price pattern on the daily chart. It seems reasonable to join bulls after the price closes above the trend line (which is now being tested), so it's better to wait for the confirmation.
Entering around 0,017879 price with stop below 0,015376 and take profit between 0,03045-0,03604 provides R:R above 5:1.
TRX annual yield: 0,14%
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Follow me to stay updated.)
ULTA Prepping for its move.As i said on friday Ulta had 2 options it took the ladder forming a stronger base. Hit lows of today and double barred up. Watching closely till we get a break in the wedge. wont add positions until we get confirmation to much chop for me.
Looking for a longI'm looking for a long.
- I see test a broken trendline
- I also see a trendline confirmed at this spot
- There is a fib retracement
My TP area will be also the zone where i'm trying to catch a short.
If the region at my SL got reached, i think we die to the downside.
SPX500 – MACD Divergence Indicates for Reversal Opportunity soonThe SPX500 has reached a new record last week.
The price has a significant divergence with the MACD indicator which indicates for a reversal opportunity.
If the price will breakout the support below it will be the right signal to look for a price action setup to sell the SPX500 index.
The demand at the bottom will be the target for this position.
EURJPY | Daily We see a double bottom where we have to wait for the price to return a little and then we can make a deal!
Bitcoin BreakoutThe buy price is on the backtest of the 200ma.
Target $10,000 again.
The stop price is below the upper blue rail.
BTCUSD - Trading in formation? Important levels to watch!_______________________________________________________________________________________________________________________________________
Hello traders investors and community, today I will have a look at the current price action BTCUSD is providing us.
We are looking locally on BTCUSD with possible short term trade entry.
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Currently, BTCUSD is forming a descending wedge on the 2-hour timeframe, these types of patterns are known for a break-out to the upside.
However, we have resistance in bitcoins trading range at 8555 and 8745, which where we have a pull-back when we touch it.
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The bullish outcome of the wedge is expected but we have to watch out with how much volume and momentum the break-out occurs.
As for now the volume looks rather weak then bullish . A possible short term LONG position can be entered whether in the orange support area seen in my
chart or with a break-out and confirmation of the wedge .
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We have strong support between 7670 and 7850 where a price bounce is highly likely when we visit this are again. At a bullish continuation the 8000 USD
are is very important where we seen several bullish upthrust which where a part of the range formation in which BTCUSD is trading now.
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The RSI is sending neutral signals right now, as i changed the RSI value from 14 to 28 to have a better look on locally price action which differs on the 2-hour
time-frame from the 4-hour time-frame. A visit of 15 - 30 in the RSI will give a bullish signal.
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Thanks for watching! May you have a good day and all trades going well! For more market insight feel free to support!
The information provided is for educational purposes only and should not be used to take action in markets.
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BTCUSD - THIS PATTERN COULD LEAD BITCOIN TO NEW ATH__________________________________________________________________________________________________________________________________________________________________
Hello traders investors and community, as BTCUSD shows some good bullish momentum and volatility I made an interesting observation which I share with you today.
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In the last bull run, BTCUSD formed an inverted head and shoulders with a confirmation on the support level of the head. You can see it in my chart marked with the green box.
Normally the target of this pattern is the percentage length from the top of the head to the neckline, BTCUSD made double of this length projected from the head to the top of bitcoins bull run.
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When looking on the daily chart , BTCUSD could exactly form this inverted head and shoulders in big format as seen in my chart, with confirmation above the last top at 13800.
We have strong support between 7900 and 8000, when we visit this area again it is highly possible that we test it as support again, the same as BTCUSD bounced several times in the 10000 area.
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This pattern can be taken into consideration when BTCUSD comes back to the support area and establishes to hold the 7900 - 8000 range as support and form bullish momentum.
When the pattern confirms and makes a clear confirmation above the top of the last bull run, the target between 24000 and 25500 will be intact, that would be a new all-time high for BTCUSD .
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For this scenario, it is important to hold the 7900 to 8000 range as support otherwise when we fall under this level new lows could be possible.
A look at price action in the range should be taken into consideration before making any decision.
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Thanks for watching! May you have a good day and of course all trades going well! For more market insight feel free to support!
The information provided is for educational purposes only and should not be used to take action in markets.
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