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Mutitimeftame

Confluence of supportsIn the 30m chart, price is in a contracting triangle. Momentarily fell to a support and came back. In the daily, price has broken from a channel and in the weekly, entering into another channel. I expect continuation to male a (d) wave in a contracting triangle of a Wave 4 on the weekly. The d-leg of a Wave 4 is counter trend and make an ABC form. Price is breaking a resistance at the weekly, confirmed by MACD. A pull back is expected in an ABC, if not now then at $53000 which will be supported by the current resistance. The current support is at $44000. R/R = 1.71 2% risk of a $30000 is 0.196 Bitcoin The confirmation to enter comes from the hourly. in 1-hr chart there is pin bar. Robinhood does not let me! My account sum has jumped up, it shows only $25'000.00 available to invest, and it dies not let me use it with an error! Ok. Let's wait for the pullback!
BITSTAMP:BTCUSD
by RK108
EUR/JPY ready for the Departure ? Good Day Traders !! It's time for a full breakdown of the EUR/JPY . We have on the monthly timeframe a "W" formation and we just rejected the neckline which is in confluence with the previous high. Going down to the weekly timeframe we notice that we have also an impulse , correction , continuation pattern and we are currently at wave 5. On the daily timeframe we have a consolidation inside the open triangle and we expect the impulse to the upside. From an institutional perspective we do have on EUR a drop in Net position which explains the lack of impulse but we notice that during the previous week hedge funds added short positions on EUR which means that we should expect sell limit orders that need to be triggered. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. Trade safe !!!
Long
by TheDayzen
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