In the past days since the last review, where we have been looking at the bitcoin market on the daily chart, neither buyers nor sellers have decided on their plans. The price went down from the uptrend channel, which had been in place since March 18th, dropped to $8,620, but the bears could not continue the attack. If we take a close look at the 4-hour chart,...
FOREXCOM:AUDUSD Note: (MARKET IS REACTIVE AND NOT PREDICIVE) From a daily perpective, price has clearly rejected the resistance zone and has created a historical double top. Price is also at a support zone and we can see a break in support Since market price moves in waves, the price can break the support and retest the broken support before making a move...
FOREXCOM:GBPAUD NOTE: (MARKET IS REACTIVE AND NOTE PREDICTIVE) (LIKE AND COMMENT BELOW TO SHARE IDEAS TO SUPPORT ) From a daily perspective we can see price has been ranging. A possible bearish rectangle is in formation which has happened for days notwithstanding the downward movements on 4 hour timeframe. In this type of scenario, price is expected to make a...
FOREXCOM:USDCAD NOTE: (MARKET IS REACTIVE AND NOTE PREDICTIVE) (LIKE AND COMMENT BELOW TO SHARE IDEAS TO SUPPORT ) From a daily perspective we can see price has been ranging. A possible bullish flag is in formation taking on short impulse and correction moves. In this type of scenario, price is expected to make an explosive move to the direction its coming...
FOREXCOM:GBPJPY NOTE: (MARKET IS REACTIVE AND NOTE PREDICTIVE) (LIKE AND COMMENT BELOW TO SHARE IDEAS TO SUPPORT ) From a daily perspective we can see market is in a bearish flow. We can see that price has broken the support zone and may likely retest the support turned resistance as a common pattern of impulse correction impulse. REMEMBER: THE MARKET MOVES...
It's been 24 hours since the last idea was published. The price has fallen below the support area of 6950$ and a downtrend has been formed on the chart. Indicators RSI and MACD confirm it. Yesterday's analysis of the bitcoin market The value of RSI is 41, which is far from the oversold zone, and it is steadily declining, which says the prevalence of sales in...