Dailyanalysis
CHF/JPY Analysis Welcome back! Here's an analysis of this pair!
COMMENT BELOW and let us know your thoughts or questions!
** Overall, we are in favor of a long bias on this pair. Daily perspective shows CJ bounding between support at 122.45 zone and major resistance at 123.65 zone. A break above resistance would
set next targets at 124.45 zone and and 125.45 respectively.
Impulse wave on the weekly followed by rejective support at 618 fib makes us believe the Bulls will gain strength for continuation to the upside.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
BTC Daily Potential For a Reversal?BTC/USDT 1D chart currently still showing us continued bearish momentum, although the MACD is pointing to a weakening bearish trend, Stochastic is oversold and needs some sort of a bounce higher to cool off.
I am looking for a new trendline to form here for us to follow, just an idea at this point. Support zone and 200MA really needs to hold here.
If we break 200MA daily, open and close a candle below it, and have a bearish retest of it, I will be looking to short BTC for the short term. I will post ideas if that plays out.
XRP BULLISH PATTERN! ATH REVISIT?Keep an eye on XRP . The beginning of a trend towards the upper-trendline of the Bullish Pattern can be expected if Bitcoin begins to put on a show! If we break this level, and strongly push through $1.33, a visit of $1.41 is reasonable.
Technical indicators are looking great while a double bottom is formed. If Bitcoin begins to recover strongly, expect XRP to begin trending towards the upper trend line of the bullish pattern.
As low-cap altcoins usually lag in times of Bitcoin regaining market dominance and moving significantly in price, it is wiser to hold one of the Top 10 Altcoins in Market Cap . If Bitcoin breaks $60K and begins trending towards $70K, expect XRP to hav e one of the strongest price correlations to bitcoin.
That is why I believe XRP is worth buyin g in times of great Bitcoin value , where there is a degree of fear, as the sellers have taken over we are technically in the best of times to be looking for accumulation before another turn to the upside begins.
I believe the fear can very quickly turn into surprising Bitcoin strength , leaving those who are indecesivie.
GBPUSD Analysis - It will head upward Welcome back! Here's an analysis of this pair!
COMMENT BELOW and let us know your thoughts or questions!
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We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
XAUUSD buy setup:XAUUSD setup based on the indicators and market structure.
We can find gold respected the support, after a nice fall. I got in the macd indicator a blue dot, meaning buys, and also I got a buy call, usually when both apear after respecting the market levels, structure, or some moving average market moves bullish. In case I had gotten a black dot and a sell call, market will have gone highly probably bearish.
If you like how the setup looks, like the strategy or so I will keep posting results.
So far I been using this system exactly like how is setup now for 2 months and had gotten amazing results.
I will be posting daily results now on.
AUDNZD Downside ContinuationWelcome back!
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*****
Price is currently forming a corrective structure on the Daily and we could see further bearish movement from the 50% fib level (resistance area).
Be sure to follow the entry criteria rules for your strategy and keep this on your watch list!
- BKH
The Daily TimeframeI am commonly asked what is the most important time frame to analyse your pairs on. Which doesn't always result in a simple answer since multiple time frames must be taken into consideration for successful trading e.g. weekly/daily/4h/1h.
However, there is the one that is universally considered to be principal and that is the daily time frame. Here are some of the main reasons why so many traders rely on a daily time frame and why you should to:
1️⃣ - Daily time frame shows a global market trend at the same time reflecting a mid-term and short-term perspective allowing the trader catch trend following moves and spot early reversal signs. The simple nature of one candle closure per day keeps things a lot more simple compared to lower timeframes.
2️⃣ - Covering multiple perspectives, the daily time frame is the foundation of the majority of the trading strategies and is the main source of key levels & pattern analysis.
3️⃣ - Filters out news events that happened during the trading day. It shows the composite reaction of the market participants to all the data posted in the economic calendar.
4️⃣ - Daily time frame reflects all trading sessions. Within one single candle, we see the outcome of the Asian, London, and New York Sessions.
5️⃣ - Daily candle filters out all the noise from lower time frames & intraday price fluctuations and sudden spikes & rejections.
6️⃣ - Similar to covering all the trading sessions, daily time frame also mirrors the activities of big players like hedge funds and banks. Showing us the flow & direction of big money.
⚠️ Please note: Despite the daily timeframe being so important for analysis, still do not neglect other time frames. The most accurate trading decision can be made only relying on a combination of intraday and daily time frames.
ADA/USD: Key support zone to holdCardano it's in the neutral market in hourly timeframe since a lot weeks. But I believe that we could to entry in the accumulation phase to go to make any movement.
So, we hold this key support zone above of $1.87 USD and also, you can to entry to long position. You can to put your SL at $1.68 USD and target at $3.10 USD (The new historical maximum price).
In my part, I'm in long in Cardano and Bitcoin for now.
BTC/USD: Short PositionBitcoin it's look into this short position in H4 timeframe. You can to view in H1 that Bitcoin it's look bearish. But I found out in Daily that Bitcoin need to go back to $56,000 USD again to confirm this flip support.
This strucutre it's not secure when the price reach a higher in this zone, becuase Bitcoin need to go to make a possible correction in the yellow zone. But we look that BItcoin forming a bearish channel in H4 timeframe and make this break-out to up, but I don't thinking to put any long posiiton as this could be a trap for bulls. We could to look bears selling Bitcoin to $56k.
I'm in short in Bitcoin!!! Also in Cardano too.
And guys, I want to recommend a crypto GEM that have a lot potential. This cryptocurrency it's called Baby Dogecoin where you can to find up in coin market cap or coingecko to look the information details of this cryptocucurrency with awesome potential. I hold this cryptocurrency now!!! I'd reccomend for you to follow me in my external social media where everyday I post entertainment content educative for the crypto-community.
CKBUSDT BIG HIT #CKB#CKBUSDT #Crypto
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$CKB is one of the most undervalued crypto yet. 🤦♀️
as you can see in Daily Chart price broke out from long term descending resistance.📉
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BUY AND HODL.🎯
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💎 Don't sell for years though as this will become a market leader, HOLD for dear life as I do believe you could see this at $1/$3 in a few years💎
📊 CKB crypto price prediction puts the price at an average of $0.0243 in 2021, rising to an average of $0.0280 in 2022 and doubling to $0.0459 in 2025. By 2028, the algorithm predicts the CKB price will average $0.0720, with a peak of up to $0.0779.
As it can be clear from the analysis cited above, Nervos Network (CKB) projections are rather contradictory. There is no universal consensus either about positive or negative future CKB price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Nervos Network projects, the crypto environment in general, legal position, and so on. I kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).