What Bitcoin do if could be a sell off in the macrotrend???In this overview, I will focus more in Bitcoin, because we could see for the next days a possible sell of Bitcoin price, so guys, in this timeframe in Daily we found out a shoulder head shoulder, that is a signal of change of trend and maybe we could be to prove lowe levels soon!!!
So, I will focus in mid-term with possible medium term of what Bitcoin could be to make.
I mark this key support line, because is more important and Daily see that we could not to break down, in case that Bitcoin is break down the trend line + Daily support at $10,400 USD, we could see a possible movement at the $9,000 USD. to retest that I see, the part up of the line simetric triangle, that could be the unique and latest confirmation of the starting the bull run.
Now, in weekly remember that we could see a possible accumulation on this zone that I mark, also in the latest 2 weeks ago, I mentioned a possible accumulation that today we could see it.
Stay alert because in minutes I will going to open up a position on Bitcoin because I see a interesting movement!!!
Headshoulderhead
Canadian Dollar is strenghten agains the US Dollar!!!In this technical analysis, Canadian Dollar is more strenghten than US Dollar
So, I make this analysis in Daily because it's seem a nice opportunity in short of this par for the next days. Because US Dollar is weakness than US Dollar. Also, htis par is one of the opportunity month to find down pips because I proyect a possible drop of 600 pips. Followin the elliot waves analysis, we are in the Elliot Wave #4 to find down the Elliot Wave #5. This is a huge opportunity for longer in short.
That is what I explained in weekly taht the price is go down to find down the trend line of ascedent triangle that we were from 2015.
But rememebr than in long-term we see a USD agains the CAD so bullish into the target at $1.64 CAD, and that mean that Canadian Dollar is continue devaluated from long-term agains the USD and that is a great opportunity if you want to put in long position when the price is leave at $!.29 CAD approximately, that is the 600 pips of bearrun that I hope.
EUR/GBP has same news of EUR/USDWell, in the morning, we see an another par what can up the next hours. So, in H4 basically we are in the Shoulder Head Shoulder bearish, but in H4 we see that institutinals going to up the price over 70 pips if the news of ECB can be a strong impact in the Eurozone.
This ia a scenario, so, if the institutionals make a drop a littel the price, it's can be a double bottom in H4 timefra,e but the more curious is in H1 timeframe, because I find up a chartist pattern bullish, this is here below in this technical analysis so I am concentraded here. And indicators in H1 are bullish and good health is EUR agains GBP is up.
So, guys, the only is we need to have confirmations specially of price action if EUR/USD it's want to up the price and we need to valid this shoulder head shoulder inverted, if it's inverted, so the target profit is $0.8957, so it's mean 70 pips, or included over of
+70 pips, and we can to see a retest on the resistance line and so, its a experiments in case if EUR/GBP is have a little force to continue and reach over +70 pips, so se can to pick up between 70-95 pips.