USD/CHF has crossed a critical support level at 0.99641. It has tested the broken support too and resisted by bears. Hence we expect the pair to be bearish and move down side.
As you can see btc's actual point (4750~) is also Fibs 0.236 point and if you look at the rsi's actual point is also on the all times lowest support.
In this shorter screencast I give three reasons why I come to an opinion that Bitcoin may surprise. This is not encouragement for traders to take long positions. Whatever traders do, please ensure that stoplosses are truly acceptable. No gambling please.
Bitcoin is very close to a major trend line, this line has acted as strong resistance and support for the last few years. A break lower of this line would mean for me a longer downtrend to approximately 3500 and a next ATH by the end of 2019 / Q1 2020. Are we ready though for such a long term 'quiet' market when there are so many exciting news in the world of...
In the last few days we had a very parabolic move, which is very unnatural. It all reminds of the rally up to $20000. Accordingly, I would watch out for the euphoria that currently prevails. Because the game could change very quickly in Bitcoin in the other direction. The critical area I have marked serves as a very large resistance. Until now, it has proved to...
Imminent approach to $8400-$8470 is coming for bitcoin. After that, it will enter a critical area of huge proportions. Basically it can go anywhere from there. Personally, I WILL stay as far away from that area as I can. There are three major scenarios at play here: S1) GREEN ELLIOT WAVE It will reach 8470$ and bounce back up 'thus confirming the GREEN...
Forgot this critical junction in my previous post...
FTSE 100:UKX Critical Support and Key Day ahead for FTSE At the beginning of the year FTSE was forecast to hit the upper parallel and a maximumhigh at 7818 before coming off again. It duly hit the upper parallel spot on butthe high was a few days earlier than anticipated and the eventual high was reached at 7778, some 40 points shy of maximum likely...
As you can see, BTC has just finished a classic ABC correction move following a much larger 12345 Elliot impulse down in a bear trend. I expect some sideways consolidation and a nice battle between bulls and bears. It's hard to make a solid prediction up versus down at this time, but what is likely is whichever bias is chosen it's really going to take off...
XRP is touching the still intact log trendline. It's adjusted a small amount due to recent price action but still touching on previous up-swings. If this holds and it continues to go up, we could see 4.2$ if the market wills it.
DXY: Dollar at critical lows on NY open. Must rally from here to avoid further substantial 2 to 3% sell-off - it's no more than a speccy buy at this level with a tight stop under the lows.
Will resistance be respected or ? - Major bullish engulfing candles in the mix. - EMA's look like they may cross soon indicating a change of trend. The next candle close could tell us what we need to know.
watch this zones for an entry according with your strategy.
after second retest of resistance ,we see a bearish movement testing the channel edge,followed by an up move around 61.8 fibonacci.It will retest third time resistance or it will start a bearish move?
Watch this critical levels for an entry according with your strategy.My idea is short,overall
AUDUSD is spotted on 4 time frames. Importantly the big bearish pressure comes from the weekly. 1. There is some slight weakening of the bullish rebellion on the weekly and daily. 2. With the big wave of bear pressure visible on the weekly, I estimate a 51% probability to the down side on the daily. 3. The bulls may not be allowed much more wriggle-room on 4...
Analysis is included within the chart. Trade safe!