Get started

Longorshort

BTC USD - 4hr chart 06.03.18BTCUSD Hello readers! So an inverse head and shoulders began Jan 20th at 13000 with trough at 6051 on Feb 6th. If the inverse head and shoulders continues, the price could increase to 18134. Since Feb 15th, a double top has formed (neckline at 9416), followed by its peaks at 11621. If double top pattern continues, price could decrease to 7500. Hopefully you can see why I'm a little confused as to which way price will go (with two contradicting patterns). What do you all think? Perhaps there is just lots of indecision in the market? WARNING- I am fairly new to all this. If you think what I'm saying is dumb, please correct me and offer advice :)
BITFINEX:BTCUSD
by conradoprice
GBPJPY (Bounce off or Break out ?)GBPJPY , resumed with it's bearish momentum from last week as expected but however support around 142,167 may hold and consequently could result in a bounce off the trendline , if the bounce of holds we can expect a long opportunity around the 142,167 key area. Another opportunity for further shorts could prevail if the trend line and support of 142,167 does not hold, we could potentially see a breakout around that level if pound weakness persists. Ultimately if the breakout is achieved a good opportunity to buy pound yen should be visible around the key support level of 139,156 For now we should let price action take it's course.
by GamechangerFx
1