Next Target for LTCUSD is 182.00LTCUSD broke blue trend line. LTCUSD immediately retested trendline on next candle. LTCUSD broken horizontal line at price level 95.00. LTCUSD retested horizontal line with a rounded retest. LTCUSD hit target at 138.37. (Kraken Price Chart)
Note: Zoom out to view entire trend line.
Note: 95.00 Price Level is from Monthly and Weekly Chart.
Monthlychart
The key chart to know where we are in BitcoinOH MY GOD!!!
I want to show you a thing that traders and investor in Bitcoin and cryptocurrency need to know. We entry in the next phase to up confirmed if you copy and paste the past movement what Bitcoin make in 2017 in the past bull rally.
So guys, I don't thinking that Bitcoin go to down, BItcoin it's deflationary and the U.S. Dollar going to collapse all their value. Guys, the time it's now to take a conscience of our mindset and change our mentality because all currencies going to down and loss all the values. It's time to invest in crytpocurrency now. Don't missing this great opportunity. This yellow star represent the huge potential that Bitcoin make it.
Remember that my top 4 altcoins it's Cardano, Ethereum, Chainlink and XRP. And that it's it my 4 altcoins and my major Bitcoin, my own top 5 cryptocurrencies to invest it. For that reason, I reccomend a lot to invest in Cardano and Ethereum becuase this coins are my favorite, specially Cardano that it's the only coin that I want to invest a lot. I'm so enthuastic in Cardano and Ethereum together.
But people don't look this chart, the U.S. Dollar it's in dangerous the loss all the value agains the Bitcoin and then, that could be a disaster in the financial monetary system if Bitcoin going to be history in the wealth transfer.
BTC Monthly - Just watchingPardon the mess, this is an XBTUSD (bitmex) chart, from when I was making leveraged trades when it was legal for me to do so. This is a monthly chart view just to keep everyone from having delusions of grandeur. BTC goes up, BTC goes down. Right now, we are way up historically speaking. Save some cash, or have a means of generating cash just in case we see BTC go into a down phase. Anyone that has been in the space knows it can happen and it can happen fast. Fair value (not sure exactly how it is calculated) has to be much, much lower right now, but over time, if theory proves true, that number should be going up slowly. Unless you know exactly what you are doing, being 100% in anything can be dangerous.
USDCAD is testing monthly support 🦐USDCAD is testing monthly support, and the price bounced on 0.5 Fibonacci Level. IF and only IF the price will lose monthly support, we can look for a short position, According to Plancton's strategy (check our Academy)
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
monthly double bottom breakout on ETHUSD confirmed; target=636 The most important chart pattern in ethereum has just had it's breakout confirmed. This double bottom shown here on the monthly chart has been giving us a few head fakes over the last few weeks. I originally thought it was more predominantly a weekly pattern we had a fakeout back below theneckline a couple weeks back which made me realize it was better suited on the monthly chart. The breakout target is $636 however my first initial target on the smaller time frame of the 1day chart has been $525 for awhile which we are very close to reaching...there may be some consolidation that occurs between $525 and $636 but we will reach that target sooner rather than later I'm quite certain. Thanks for reading! *not financial advice**
EUR/USD Medium-Term Analysis: Daily Chart Breakdown & FxForecastIn this analysis, we're laying out our strategy for the Euro (EUR) against the U.S. Dollar (USD) for the coming weeks and months on how we'll be trading this pair, taking into account monthly chart long-term Fibonacci support and resistance levels, together with daily price action analysis and current supply and demand levels in this market. We'll be tracking price action closely making updates on each daily candle and a short summary on each weekly closes. The market is currently bound by a range between the monthly 0.618 & 0.5 levels.
Wish you guys good trading and if you enjoy this analysis, please give me a like and share your ideas on the comments section, I'll really appreciate feedback from you guys and I promise to read and reply to each and every one of them as soon as possible.
An amazing week for all of you and until the next post! :)
BTC-Highest monthly candle closing in history ? We are so close
Hello everyone,
I think that this chart do not need any extra explanations as it is self explanatory.
Bitcoin is attacking highest monthly candle close in history tonight.
It is very important moment to watch. Goes in hand with Bitcoin dominance chart as well so I do recommend to take a look at the BTC.D chart as well as it can hint us if ALTs relief rallye is upon us or not.
Stay SAFE
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
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correction could retest top tl of monthly symmetrical triangle.taking a look back at our monthly symmetrical triangle pattern that we broke above a couple months back we can see that it looks likely price action will try to retest the top trendline as support before fully confirming the breakout. In order to retest the trendline, it involves price action having a 31% correction from the recent 12.5k temporary top. We also have a gap on the CME futures chart that needs filled and likely will be filled during this correction which is located around 9.6k. Confluently, the golden pocket is also located in the 9.6-9.7k range. I will probably start to ladder back in longs right when price action reaches that golden pocket and then if we do get lucky enough to retest the top trendline of this blue symmetrical triangle, I will open a much larger long in that range. On the weekly chart(not shown here) the weekly 50ma is currently overlapping the top trendline of this triangle which should give it significantly reinforced support. So in summation, since we have yet to fill the CME gap but are very close to it, I anticipate we will at least dip further enough to fill the CME gap and possibly low enough to retest the top trendline of the blue symmetrical triangle..so for now I am still temporarily short but once we reach these targets I anticipate a massive bounce,
A look at the Monthly Chart Symmetrical Triangle Pattern!We may come back down and retest the top trendline of the symmetrical triangle before takeoff but to me this looks like probability will favor and validate this pattern breakout. Being a monthly chart it may take several months to reach the breakout target but based on this simple macro pattern we are likely in for a very bullish 2021. Of course we are only just now on our confirmation candle for this pattern we must keep in mind that so far we only have 1 candle closed above it on the monthly..closing the current followup monthly candle above the pattern as well would be a very bullish sign in my opinion *not financial advice* if it were to hit its full target we should see price action reaching above 28k I'm guessing no later than Q2 of next year and a new ATH significantly sooner. *not financial advice*
Monthly Candle Closes Above the TOTAL2 Chart's Dbl Bttm NecklineThe monthly double bottom pattern on the TOTAL2(Alt Market) has finally gotten it's first monthly close above the neckline. There are 2 possible necklines here a descending one(notated by a dotted yellow line) and a horizontal one (orange yellow). Both price targets for a breakout from each neckline are listed. Not quite sure which one is more legit but we are now on our follow up confirmation candle on the monthly chart. Probability of a confirmed breakout has greatly increased here but we should be prepared for a retest of the neckline and also a smaller possibility of a fakeout just in case.
EURUSD is testing a monthly resistance 🦐Be careful on EURUSD.
As you can see, the price is testing the Monthly resistance. (purple rectangle).
We can expect a rejection.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Be careful while going longHello Traders,
I believe it is extremely risky to go long at this point. While we did just break resistance in the form of the red dynamic trendline, we are about to hit the bottom of the Ichimoku Cloud at around 9900$ which will no doubt provide at least some resistance. We are approaching halving which will be a moment of high volatility. Trade responsibly and set your stop losses.
Other than that, have fun trading. Either way exciting times await.
Cheers,
Deimos
WILL THE EURUSD TAKE OUT THE MISSED YEARLY PIVOT 2003 @0.9854?Although a lot of traders are indicating upcoming bullish movement into the EURUSD, my technical analysis indicates a continuation of bearish movement.
If we look at the Monthly chart of the EURUSD, we can observe two important issues in the chart.
1st. Price is still moving into FIBONACCI extension direction to take out the 161.8% @1.00376
2nd. We also observe a missed yearly pivot of 2003 @ 0.95840
Although the Dollar starts struggling and shows possible downwards movement, this technical analysis shows that the bearish movement in the EURUSD has not finished yet.
Between the Fibonacci 161.8 level and the missed yearly pivot only differs 183 pips!
Between actual price level and missed pivot differs 1016 pips.
Price moves in waves, so on daily charts we obviously will see up and down movements in price, but on the bigger picture we keep continuation of the bearish trend before we really can talk about turning north.
Let see what future will bring us.
OIL REACHES 18 YEARS AGO LEVEL Hi traders! This is a fragile chart who need more attention then usual.
(Monthly)
This level that oil is reaching, was hited in January 2002, long time ago.
If this level is breaked, barel price will fall to the next support level wich is 11.66 (more or less)
In my opinion you should wait for a nice reverse candlestick patern like a reversed tripple bottom or inversed head and shoulders then go with buyers.
Since then, sellers are on charge.
Enter in transaction if this level is breaked and good luck at pips!