Get started

Highprobability

GBP/JPY to Tap into 149.3 and ReverseGBP/JPY has had a pretty decent run from the weekly rejection of 145.00 not too long ago. Since the pair remained above the daily moving averages, price retaliated fiercely against any intraday 'bearish chop' ultimately pulling the pair higher and higher, having little remorse for short sellers. From here onward, a reversal is anticipated, or a pullback at least from the level: 149.20 (Supply region) and the monthly resistance of 150.00. Price is set to decline from the above, into the realm of 147.50 (weekly support) and 148.00 over the coming few days from the current level of 149.00 or again if we can push a little higher into the further supply, which would be more desirable for an increased risk-reward based trade.
Short
by QW-Trading
The Bubble is Almost Over [SEPTEMBER BOTTOM]Bitcoin is in a bubble. Obliviously. Speculation entered a market in its infancy and the price skyrocketed. This isn't the first time, and it won't be the last. Now, on the weekly log-scale, we can see it's nearing the end on this cycle. This low volume rally isnt enough to keep it alive so take profits if you can or "HODL" for dear life because its a long way down. There's a very long trend line that it needs to touch again before it can make a new all time high. That trend as seen clearly is the longest running trend there is. It will hold btc, but the longer we keep mess with it, the longer it will take to correct. Based on the current trajectory, we should bottom out in mid-September. Approx $3400. I don't expect a huge surge when we hit that line but big banks are watching now, so it's possible. This winter, if we're lucky, we can start a new cycle for all crypto currencies. So with that said, lets put on our macroeconomics lenses and make the right choice. For yourself, and for Bitcoin. With Love, No_L
COINBASE:BTCUSDLong
by AdamNo_L
3