After we had the spectacular upward moves to ~8,300.00, BTCUSD seems to be out fuel. Every time the price attempted to rise above this level, it failed. As a result, it's formed a Triple Tops pattern. A declining volume after the formation of the first top is another characteristic that suggests Triple Tops for the formation. For this chart, the breakout occurs if...
Raising is always good, but not when it happens all at once. Less than two weeks ago, ETHUSD was trading around 170.00. The trend was bullish no mistake, but the excitement took over the market and shortly thereafter, the price jumped by more than 40%. We consolidated a bit after that where the price formed two Symmetrical Triangles. The first one got busted and I...
GJ (GBP/JPY) Technical momo setup +62 pips in 30 mins in my momo setup made +62 pips in 30 mins intra-day trading after release of economic calendar even it's release GBP is negative/bearish and JPY is positive and bullish. Oversold os levels in vwap and momo stochastic crossover and reversal of momo squeeze, bounce back below vwap levels. High volume and...
(GBP/CAD) formed Flat Top 4hr, momentum stochastic is overbought, momentum squeeze hope to form red bar, vwap still not in overbought zones. watch out for day range etc.