Will BTC price achieve the historical maximum?Hello, dear subscribers!
Today we want to briefly analyze the further possible BTC price movement.
At 16th November the price broke up the falling wedge 1, after that huge price growth was. Last two days the price formed the falling wedge trading pattern again. It was broken up again today.
It is a bullish pattern, and there is a high probability of growth continuation.
On the other hand, the Accumulation/Distribution indicator demonstrates the increasing bullish activity for the last two days, while the price is in decline. We have divergence here.
As a result, the indicator and pattern analysis demonstrated the potential price growth. If the price will break up the resistance, we can see the new historical maximum.
Maximum
DowJones is strongly bullishDowJones is strongly bullish and is now focusing on the area where the absolute maximum recorded in 2018 is found. With the break of resistance it is rising to around 26600 points.
The price should not face obstacles, is now reaching again 26900 points. It will going to try to record new historical highs. In fact, fundamentally, the FED's stalled monetary policy is leading institutional investors to hold long positions on US stocks. Is also driving every other major world indices.
In the very short term.
Wednesday at the FOMC meeting we can wait for the decision on the interest rate, which in all probability will remain unchanged. Monetary policy will not change in the immediate future. We expect that in the next sessions the US indices will reach historical highs. We recommend a long entry with 26900 points target.
GBPCHF at maximum YTD, Breaks resistances from 2016FOREXCOM:GBPCHF Has reached a new Maximum for this year, after breaking the resistances from June and July 2016.
We can see over-buy signs from RSI on different timeframes, especially H1, confirming a potential pullback.
Protected by June-2016 resistance zone, our suggested Stop-Loss would be 1.33, and targets of up to 3x Risk-reward ratio.
NZDUSD long idea (m30/H1)The long blue wave was formed at m30/H1 time frame and once successful, it will become the natural part of the major yellow structure.
As the bulls have been keeping pushing this pair up without significant resistance since 11 May 2017, the minor pattern has good chances to succeed even though currently it is not being supported by RSI divergence/volume/data.
I expect the major resistance to start only at the previous maximum area (point III*).
Opened 3 buy positions at 0.7428, SL 0.7389, TP 0.7470/0.74984
DAX Channeling - Easter present?The DAX has been channeling in a 400 pip wide band for the past 2 months. To make matters interesting, the highest high ever of the DAX has already been approached, already bouncing back just 15 pips away from it!
So the question arises: will the DAX break through the channel or not?
If the DAX REMAINS in the channel (as I am hoping), then the following targets and stop-loss arise:
Target 1 at Fibonacci Retracement Level 61.80%: 12,201.5 (+107.5 pips)
Target 2 at Fibonacci Retracement Level 38.20%: 12,267.8 (+173.7 pips)
Target 3 at Fibonacci Retracement Level 0.00%: 12,375.2 (+281.1 pips)
Super Conservative Stop-Loss at Fibonacci Extension Level 138.20%: 11986.7 (-107.4 pips)
Normal Stop-Loss: 11,230.0 (-64.1 pips)
Super Conservative Risk-Reward Ratio of 1:2.6 at Target 3.
Normal Risk-Reward Ratio of 1:4.4 at Target 3.
I suspect there to be strong resistance at the highest high ever (12,390.75).
I will enter a long trade if the DAX bounces off the lower channel boundary and rises nicely.
If it continues channeling, I believe Target 1 will be met after maximum 5 full days, Target 2 after max. 9 full days and Target 3 after max. 12 full days after the bounce.
What do you think?
Further thoughts:
I like how the first border-to-border move's Fibonacci extension level of 161.80% at the beginning of the channel matches almost perfectly with the second border-to-border move's 100% level.
That same first border-to-border's move's 112.7% level matches the next top-border bounce perfectly .