From the recent BTC price action it can be assumed that there was a fake breakout and the 11k level has hold. I have spotted a potential wedge here. Think might be a good short trade if we impulsively break it. Will wait for the 1h candle close before going short. Target is based on the MPO which coincides with uptrend line and 61.8% fib replacement. Think if...
This was an analysis of the DXY I did previous to the whole price movement upwards. My analysis was projected 09/09/2016 at around 7am before the market started moving. This is just to show you that technical analysis is a strong and very reliable method to make profits within the financial markets. I projected the MinPO from the previous spike upwards and...
With clearly oversold technicals near the beginning of last week, strong price and volume movement looks to redirect the price back into the downtrend channel. RSI/MACD/OBV all support this. Looking for volume confirmation on Monday for a potential move to 1.50 - buying in PM at 1.00 or below with a SL at 0.9, the EMA10.