BTC near-term projectionHere in this simplistic post we are on the 1-Month chart. A proper Fibonacci retracement shows that the golden zone for longs has indeed been rejected once so far into this deep fall of BTC. Usually support is tested about 3 times before making a bigger move up if bullish which I believe it is. So far a very health correction to BTC long bullish blue candles on the month chart. I expect the currency to quickly recover lost ground in the coming weeks if it respects the 0.5-.618 zones. If .764 red zone is breached, then all is lost and further red candles will arise.
Forecastingtechniques
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GBP/NZDGood day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair.
Monthly : We have an "M" formation and we do expect a retracement to the neckline which is in confluence with the FIB level 0.618 .
Weekly : Wa are currently in an acsending channel and we are creating an overextended W formation and we expect price to move higher. .
Daily : "W" Formation completed after the retest of the neckline and we expect a continuation to the upside .
COT : Institution have been Increasing net positions in GBP since they added more than 6700 long positions and closed to 4600 Short position during the last report.
From an NZD perspective we are looking at a steady NZD against a strong GBP on the short term .
8H: Bullish environment . we are printing HH and HLs.
MACD: Bullish environment
EMAs : Cut for long
We have two trading setups with two potential targets in the mid-long term.
Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. Let me know in the comment below which pair you'd like me to cover in my next analysis.
Trade safe !!!
US30 shortDespite the breakdowns of the lines, the price came to the resistance zone. And I expect it to roll back down. The target is the nearest support level of 27431.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
Market Forecasting with Gann Boxes, BTC. Bishko published an interesting BTC chart showing the use of Gann Fans yesterday.
I rarely see Gann's work being showcased on TV, so to continue the same vein, here is something to play with for those who want to diver deeper into market harmonics.
This chart uses essentially the same starting point as Bishko's chart, only using a 1-day chart, rather than a 3-day chart.
However, here I am showing the use of Gann Squares / Gann Boxes, as opposed to Gann angles.
I won't explain in detail how this works, as I believe in doing to work when it comes to discovering market secrets.
What I will say is that this box is formed fully off the price high 13868.
Both the price and the time dimensions are formed from the high.
That's a BIG clue on how to form a correct Gann box.
In fact, the ONLY piece of information you would need to draw this chart on the exact day of the high would be that price of 13868.
The price high will give you the future major support and resistance levels.
See the 0.25 / 0.382 / 0.5 / 0.618 levels on the chart. Those price supports would have been known months in advance.
But you'll see the Gann box doesn't extend through to the 0.618 level that was hit in March 2020.
Why is that?
Because the time cycle aspect of the initial price high reached its completion in mid-February 2020.
And what happened when that time cycle returned full cycle?
Immediately the market dropped.
You can look back at the other time ratios (0.382 and 0.75 especially) to see how upon reaching those points in time the market began major moves in their the same directions but significantly stronger, or switched directions entirely.
Gann boxes like this can give you key price levels and important dates of time to keep in mind, where the market has a significant chance of making major moves.
This can be done months in advance, as seen here.
Investigate this phenomenon for yourself.
Markets are harmonic in nature.
Price and Time are the same.
Good luck.
What is the Next Move for EURUSD?We are looking at EURUSD right now. This pair has a very sharp move over the last trading sessions.
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From our technical standpoint, if this pair continues to move up, we are watching closely the first resistance level at 1.2024 and if this is taken over, we are watching closely the next resistance level at 1.2144, followed by the third resistance level at 1.2336.
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On the other hand, if this pair decides to retrace to the downside, we are watching the first support level at 1.1125 and if this is taken over, we are watching closely the next support level at 1.0909.
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Good trading!
From the Desk of NinjaSingapore
17 August 2020
the matrix was the door wayI understand to be able to trade like the best you must literally think like the best and if you have to, try to remember how they would have gone about utilizing the skills we learn to better advance their own trading skills. thus some people hold trades longer cause they know more. so just act like those people and ask a few questions here and there. but overall. the potential results is if they done because of the way they did it and then so can you. it's a bit like neo in the matrix. my sense of thinking is thinking like the ones and potential opportunities of the ones will present themselves. you're a newbie. think like you and you will always be a newbie. and sometimes want to run back to the matrix cause it's better for your taste bud. well while I say let's wrestle
Does AUDCAD Drops down strongly on next weeks?OANDA:AUDCAD
Here is my analysis for the direction of the pricing in the next weeks. If I correct, need 1 - 2 weeks to reach Take Profit 1 and around 2 - 3 months to reach Take Profit 2. Incase I wrong, maybe the price will reach Stop Loss during the 1st week of June (Maybe today or tomorrow). Keep following up and share with me your opinion about this currency.
Don't miss the great buy opportunity in EURGBPTrading suggestion:
There is a possibility of temporary retracement to suggested support line (0.8769). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURGBP is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 0.8866
TP2= @ 0.8910
TP3= @ 0.8994
SL= Break below S2
BTCUSD Inception day 21-12-2019, Weekend forecast.As time goes by, the markets evolve.
More visible, more probable:
-Dashed lines; Possible forming patterns
-Solid lines; Confirmed patterns / support or resistance
-Dotted lines; Possible price-action trajectories
I guess we can conclude that BTC is going to breakout of this falling broadening wedge sooner or later. However if this forming ascending triangle in the shorter time frames is confirmed, then we might see a breakout to the upside towards the $8.1K region to retest the resistance of the FW, within approximately 3 days. Otherwise retesting the support of the FBW will be most probable, target bottom will be approx. $6.2k region, support of the FW. For the time being, we'll have to wait and let the markets evolve a bit. The fact that the price action is dancing around the EMA-89 in the 4H chart, means BTC is in a turning point. Bearish reversal otherwise bullish continuation. We'll discover soon enough. Gonna wait for the bullish pattern to confirm, then I'll definitely will become bullish. Like I mentioned in the previous idea.
In case you're wondering which indicators I'm using. She's called EMI, short for 'Epic Market Indicator' and it's a collection of diverse indicators.How to use, is in the description. You can use them like any other indicators. Search for 'epic market indicator' then add. I have recently published the latest versions. EMI 1 v3.0 & EMI 2 v2.0. Be careful and good luck traders!