Get started

Pipsfordays

The Big Buy!Looking at the technical analysis and the price action shows we might be looking at a huge upside on BTC. Past price at this level also plays a huge factor here. Just be patience and play the trade, no need to rush get a good entry and sit. Looking to retest 6550.9 then rocket, wait for a breakout and retest of the trend price action zone and hold on to your seats. Don't exit until your eyes are big. This in not financial advice just my personal analysis, trade at your own will.
BITFINEX:BTCUSDLong
by Mrfx85
2
END OF DOWN TREND? POSSIBLE 600 PIP TRADEGood day risk takers, The Market has been in an intermediate down trend since early April 2018, for the first two months of the downtrend it had a strong momentum. Market then started to run out of steam but slowly pushing down until entering an 11 month channel with occasional fake outs to trap sellers and buyers. In November 2018 Market tested support at 1.1216 which is a very important level which held in May-June 2017 and November 2016. Price failed to break through and continued in its channel until testing the support again in 09 March 2019 and now which is current market price (02 April 2019). We see divergence on the weekly time frame for the 14 period RSI which indicates a reversal is eminent. The question we have to answer now is that is this the end of a downtrend(intermediate), there is an 11 year old trend line which the market respects and could possibly be the long term target if the market were to reverse which is also a resistance for the primary downtrend. In terms of fundamentals the US-China trade talks are still the main issue of concern, there is also Brexit for the Euro and Quantitative Easing, all these would be instrumental in driving the pair up to the 1.1800 which is possible were the trend line would extend to at the time.
Long
by ZAYN1001