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Monthlystructure

BTCUSD Key levelsIt's amazing how zooming out gives you perspective on the price action. The way I see it we have 3 key price levels at this moment. 6400 level : This level has been providing support for quite some time and has been tested quite a lot, the break below in March was quickly bought up again and we are back in the range between this level and ... 9200-9300 level : historical resistance level. We have been trading between the 6.4 K and this level for quite some time, not only since September 2019, but also in the period April through October 2018. Finally there is the 13.8-13.9K level, the highest monthly close. If we manage to break and close above the 9.2K level on the monthly chart, this level is most likely going to provide resistance. Of course we can go above it, but what matters is where the month closes. So what does this all mean for the future price action. Honestly, nobody knows, but I will give you my thoughts on it : I think the month of April will close around the 9.2K level and in May we will see a ramp up in price of people FOMO-ing in anticipating the #bitcoinhalving. I do not expect spectacular price action in the next few months and chances are that we will still remain in the band between 6.4 and 9.2K for a couple of months until the "supply shock" gets real and miners don't have that much BTC to sell off. After that (probably Q3-Q4 2020) we'll probably see a price hike testing the 13.8K level. A lot will depend on retail and the macro-economic situation whether we'll break that level or not ... Let me know whether this makes sense or not in the comments below, and if you like my idea, please give it a thumbs up. Thank you for your time !
COINBASE:BTCUSD
by Nico.Muselle
32
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!
FX:USOILShort
by Fuelfxc
3
EURCAD Monthly/Weekly OutlookFirst off, there is a monthly Ascending triangle. The orange lines represent monthly zones. The circles show the touches of the trendline zone. So the monthly has some uptrend structure. When we look down at the Daily chart, we see at the market is currently in a downward parallel channel. However, I'm looking at it bouncing off of one of the bottom two green support zones with confluence of the trendline to continue that monthly uptrend and make it to the monthly resistance that the arrow stops at on the monthly chart at least. For now, I'm looking for it to possibly push back up to the top of the resistance line on the channel then come back down to one of those bottom 2 green supports then go up, or to break the resistance of the parallel channel retest it and start the uptrend now. Either way, I'm seeing that push up for the monthly ascending coming soon. I don't see this downtrend going down past those two bottom supports. But, we know these markets do what they want. So I could be horribly wrong. We will see. Trade at your own risk, I am not a professional and this is not professional advice. I just read some books and think I know a little something. PatiencePays
by PatiencePays777
AUDCAD Monthly TF Perspective Analysis. Drop to 0.88000 Likely!The main chart shows the monthly TF picture of the AUDCAD pair. Here as seen the price is confined inside a triangle which has been respected on numerous occasions. Additionally the red lines represent the nearby support and resistance levels drawn from the monthly charts. For A SHORT scenario to take place, the price must breach the triangle and the monthly candle must convincingly close below the 0.93000 support structure. After this has happened, we should await slight retracement before taking this pair short with the potential target being 0.88000 structure level. On the flip side, shall the triangle breach to the upside the nearby 0.98000 level would become the immediate target in this scenario! Fundamentally its hard to predict where this pair is headed. CAD driven by the prices of OIL and AUD's economy loosing steam with trade war also pilling misery on AUD and OIL prices. Its hard to predict at the moment but as time goes and the picture becomes more clear, it will be evident enough as to where this pair is headed. This just represents my outlook on this pair. Shall the trade criteria meet in the future i will post the details in a new post. cheers
Short
by FX618Analysis
A Close Above MONTHLY 50 EMA Could Take NZDJPY Towards 83.500 Price is currently confined in a descending channel or wedge on the weekly charts with multiple tests occurring on both sides of the channel making it more and more potent if a breakout occurs! The blue lines on the main charts represent the support and resistance levels drawn from the monthly charts and as of few weeks ago the 75.000 level was respected and now the price seems to be heading towards the next resistance that lies in the 83.000 region. For this to take place the channel on the weekly charts must be broken convincingly and most importantly the MONTHLY 50 EMA must be broken to the upside (the monthly price candle must close above the monthly 50 EMA). Have a look at the picture below for further illustrations Once all these take place and fundamentals starts to align with technical picture, we can take this pair LONG with swing trading chance towards the 83.5000 level. On the flip side, shall the trendline gets rejected again on the weekly charts, then we can take this pair SHORT (day trading chance) towards the support beneath at 74.5000 level. see the image below for the technical aspects for the SHORT trade If the wedge is broken, the daily 50 EMA must be broken too in the process for the SHORT trade to be confirmed. Once this all takes place we wait for the price to slightly retrace before making an entry Shall there be any updates i would provide them in a new thread. this just represents my personal technical analysis behind this pair.
Long
by FX618Analysis
Monthly View On UKOIL Oil is approaching a potential longterm demand zone as shown in the chart. This chart is squared to the highest selling price of UKOIL, the levels of 1/8ths and 1/3rds are also derived from it. The bearishness is still very much present in this market but usually the best time for longterm accumulation comes with a lot of fear . The next 500 ticks of downside across the oil and oil product futures curve may provide a good longterm reversal trade on energy. Staying tuned for further tells.
FX:UKOILLong
by Zoen_Trieste
2
Long-term BTCUSD ForecastBTCUSD seems to be in a pullback phase of its second setup bull leg . The first bullish impulse leg got retraced around 85% , same retracement level applied to the current bullish leg lands us around $3200. Judging from the previous behaviour of this pair, if its historical dynamics are repeated, the ultimate demand area can be expected around $3500-$4500 . If the current support around $5750 breaks and bears feel like they have full control, an orchestration of a "bear trap" and heavy accumulation is highly likely to take place and this will in turn provide the required momentum for the third bullish impulse leg into the new highs.
BITSTAMP:BTCUSD
by Zoen_Trieste
18
BTC/USD - Not What I Expected! Follow on video to last nights video and I have to says... i actually was expecting the 200EMA to hold price action. I mentioned, last night I would be watching to see how today candle would play out and was hoping bullish, but that is not what is happening. Obviously, I'm expecting the daily to close below the 200 EMA here in just a little while, which would indicate the potential for more downside. The question being is how much further. From a monthly fib retracement perspective, we could see 6500 area. Personally, I would like to see the next support zone hold, which would put use in line with the last spike down and support structure from last November; we'll just have to see. I did notice on the 4HR, we might be seeing a double bottom form?? Let me know what you think about that. Anyways, if you like the video, give me a like and leave a comment.
BITSTAMP:BTCUSDLong
by Crypto_Sid
4
Views For month of May as We expecting So here We are Sharing Monthly Analysis.. If we see DXY trading in range of 98-104 for few months and also 98 level is Strong support for it too breakage may call for more low but as monthly we can expect low around 97 where high 103. If we talk about other pairs. Major pairs: Gbp can be strong other all weak. Pairs we expected upwords gbpjpy,gbpcad,gbpnzd,gbpaud,Aunzd,eurjpy,chfjpy,usdjpy, you can ask any thing in PVT chat and also For more Trades idea and our analysis stay with us at www.facebook.com
TVC:DXY
by Salmanmemon786