Bitcoin - How low will it go?Looking at BTC on the daily chart, we see price is moving downward within this channel. Buyers are currently unable to make a sustained break through of the ~$62,000 resistance level.
If price continues its downward movement, I will be looking for opportunities within the marked potential buy zone.
If price breaks above the channel, I will wait for confirmation to go long for a short-term move upwards until further data is available.
What are your thoughts on Bitcoin?
COINBASE:BTCUSD
Prediction
EURCHF: Bullish Continuation & Long Trade
EURCHF
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long EURCHF
Entry Point - 0.9463
Stop Loss - 0.9414
Take Profit - 0.9552
Our Risk - 1%
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EURUSD: Bullish Forecast & Outlook
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURUSD chart which, if analyzed properly, clearly points in the upward direction.
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GOLD: Bears Will Push Lower
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the GOLD pair price action which suggests a high likelihood of a coming move down.
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Gold BullishBullish head and shoulders pattern is prevalent on the Gold daily chart.
It is trading inside a bullish trend channel and currently forming the right shoulder which, so far, is failing to trade near the bottom of the channel creating that higher right shoulder which is a strong confirmation of the direction of the possible continuation.
2450 will be tested before retreating to grab more bulls. The possibility of a failed head and shoulders (on pattern #2) is still on the table. In that case 2350 support level will be tested. Let's see what happens
EURUSD: Bullish Continuation & Long Signal
EURUSD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long EURUSD
Entry Point - 1.0807
Stop Loss - 1.0783
Take Profit - 1.0851
Our Risk - 1%
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QQQ: Will Start Growing! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the QQQ pair which is likely to be pushed up by the bulls so we will buy!
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USOIL: Bullish Continuation & Long Trade
USOIL
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long USOIL
Entry Point - 76.41
Stop Loss - 74.97
Take Profit - 79.13
Our Risk - 1%
Start protection of your profits from lower levels
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