NZDCHF SELL(100PIPS)Price still looks to be obeying the downward channel, would be looking to sell the pair if I see a rejection off trendline and resistance .
Pricemovement
BTC Mid-Term Price ProjectionThis sideways market has to break eventually. History says it will break to the upside. Right now, I'm hopeful that July will show a strong recovery and move up into the Resistance area around 45600 before falling back down to the Support level around 40200. At this point market factors could remain suppressed and continue to push BTC into another sideways trend.
This analysis shows a new ATH by late October. This would be considered a Very conservative estimate and already places Bitcoin well behind schedule. If this projection fails then this means there is a total breakdown in the underlying structure of Bitcoin in relation to it's historical time frames and price projections.
Watch out for this crucial phase in ETHUSD | 4hr timeframeQuick glance : On our previous analysis on ETHUSD , we discussed the Bears seemingly taking over. Although, the momentum was mixed, it appears that ETH might face some heat against it in the short term.
Market in the last 24hrs
ETHUSD witnessed a bit of selloff. The fall was not drastic, however the bearish momentum persisted.
Today’s Trend analysis
ETHUSD seems to be building a downtrend. Price is likely to face resistance from the BB midline. The decrease in the trading volume has not been encouraging for short term traders either. However, the narrowing channel of the Bollinger Bands suggests some stability. It could indicate a consolidation at current levels.
Price volatility remained moderate at approximately 4%, with the day's range between $2403.20 — $2499.73.
Price at the time of publishing: $2435.76
ETH's market cap: $284.44 Billion
Out of 11 Oscillator indicators, 9 are neutral, and 2 points to 'SELL' signals, and none of them present a bullish view.
Out of 15 Moving average indicators, 13 are giving a 'SELL' signal, and only 1 is giving a 'BUY' signal.
Indicator summary is giving a 'SELL' signal on ETHUSD for the shorter timeframe.
Volumes have remained low in the past 24 hours and on a decreasing trend.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)
The Laws of Supply and Demand Affects the Price MovementThe Laws of Supply and Demand Affects the Price Movement
1. When supply exceeds demand, the price is more likely to fall.
2. As the price is falling, supply will increase, and demand will decrease. As a result, the price will fall faster.
3. At valleys, demand is greater than supply; therefore, the price is more likely to increase.
4. At peaks, supply is greater than demand; therefore, price is more likely to fall.
5. As the price trends higher, demand is greater than supply; therefore, price is more likely to go higher.
Thank you for reading!
Greenfield
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Disclosure: Article written by Greenfield. A market idea by Greenfield Analysis LLC for educational material only.
EURUSD - Understanding Candle developmentVideo Idea - To show that will Volume and Stochastic price movement and candlestick development can be predicted. (Also hours of practice)
Objective Attempted - Predict candlestick development and where price will move for 10 Min
Objective Observations - Blind, meaning without candles and stochastic difficult, but with those indicators it was easy.
Objective prediction - Bullish movement EURUSD
Objective results - Successfully predict movement til end of video.
Other video to make from this one: Show how to use 3 Dip Stochastic to predict Bullish Price Movement
Let me know if ya'll would like me to do a live stream of price movement prediction!!! Thanks and follow!!
A retrace is coming soon. Bitcoin is out of fuel!!!Look at the RSI, is not going up as compared to its previous performance. But the price is moving up. My analysis there is little strength in the price movement. So may be a dump to 22000 would be great before moving up.
EUR/CAD - SELLPrice broken support
wait for a correction towards new resistance then entry trade once there is a clear rejection
BITCOIN UPDATE - PARALLEL CHANNELDESCRIPTION
RESULT from last previous idea: Looking at the updated trade progression of last post, it was observed that the Forecast failed to reach the proposed support line reversal at $8,956 which rendered the setup invalid .
Meanwhile, we have been experiencing some tight price movements at the moment within the horizontal channel that brought it to the levels between $9,280 to $9,050 price range. if this trend continues like this, we might end the month at a high side with prices around $9,300 or on the low side with prices around $9,050.
However, I'm currently watching for the $8,956 Horizontal Support Line (Green), if it gets crossed, then a Long position will be first priority.
We believe this Bitcoin move to be a real reversal and prices can start to go up.
I'm probably hoping that the upcoming month of August will be a bullish month for us all.
What's your take?
Share with us in the comments section below.
Don't forget to like this awesome post here and follow @CryptoPrinceTrades on Telegram.
Thanks you,
Evans
BEWARE PROBABLE VIOLENT PRICE MOVE - SPDR S&P 500 - SPY - DAILYWe have noticed that the market is up trending and whenever the price has evolved close to the blue line and the red doted up trend line, it was followed by very violent price change.
Therefore, beware, as the price is at the moment evolving around the red dotted line.
Besides, the price has shown also elastic movements, coming back again and again to its previous break points.
Keep all those information in mind when evolving on this SPDR S&P 500 - SPY market.
Rounded top Chart Pattern of MRK:What Is A Rounding Top Chart Pattern ? A chart pattern used in technical analysis which is identified by price movements that, when graphed, form the shape of an upside down “U”. A rounding top may form at the end of an extended upward trend and indicates a reversal in the long-term price movement.
A rounding top represents a sell signal . The initial upwards trend becomes exhausted as the demand for the stock dries up.
The reversal to the downward slope of the rounding top indicates that demand has tapered off and a surplus supply is present, basically there are more sellers than buyers.
The price will be move so far in-case of breakout any side cause, the pattern is too tight.
USDCAD: possible short scenarioTrend reversal might occur in USDCAD..
..the idea is based on strong price movement and breakdown of the resistance level around 1.326.
Joining bears from 1.32615 price with 1.3276 S/L and 1.3202 T/P provides R:R around 4.1
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Let's Flip a Bitcoin: Issue #1Good day today everyone,
It's your host xR bringing you our continued analysis for this bearish decline. Let's jump right into it. We previously alerted you all of our sell signal at Ten Thousand, Three Hundred Ninty Three Dollars. We covered several signatures that suggested bearish market behavior. This week we'll provide you clarification for our expectation of a reversal trend.
(TD Sequential Weekly Nine. Descending Wedge Breakout Setup Trend. Positive Momentum over MACD. Buy Signal on RSI)
The formation of this year has many nuances from two years prior that we elaborated on in our previous analysis. It is from our past, we find familiarity in our perceptions of the present. It is from the past we create our thoughts and behaviors. This year has gone by so rapidly we remind ourselves, yet perhaps it is technology that is now consistently reminding us how short time is. The movement from Bitcoin is a reflection of our collective interpretations. It behaves like our past but, we as beings innately desire to advance. This fear of paralysis will drive our desire for an alternative present and future.
I've highlighted the two hundred day moving average in yellow. Previously we chased the band until it's resistance drove price downward. This is the beginning of that same cycle. Mid-December of twenty-eighteen, we broke out of a similarly depicted descending wedge. The weekly RSI indicator shows an imprint similar to that time frame as well. Consequently, we arrive at the present moment five thousand dollars higher. To solidify our impression, we back our analysis with a weekly TD Sequential Nine.
Why would we risk a return to the base of the mountain when we have come so far? That would be an illogical use of fuel. Perhaps a climatologist could provide some clarification. This is the beginning of a long journey ahead of Bitcoin. It would seem we're on track for an unprecedented experience that will echo throughout time. Thanks for tuning in for this update on our Bitcoin Price Analysis with me, your host, xR.
two important levels im watching for a potential LONG on btcif the 4h keylevel is broken easily and the weekly tried and then maybe pullback on to the 4h for a second try and break of the weekly? that would be bullish. Otherwise staying out, probably waiting for the pullback on the weekly key level tbh
E-Mini S&P LongOvernight price continued to the downside as noted yesterday. It took out last week Friday's low. In overnight session, it has taken out Asian highs. Today I expect the price to be on upside. Note last trading day of the week, so everyone should be flat by end of the day as you never know what will happen during the long weekend.
GBPUSD A Different Analysis To Test My Prediction's Legitimacy
Short Term Bearish will hit my orange zone, long term after it reaches the bottom orange zone will reach the top orange zone. After the completion of the bearish bat, we will see major bearish momentum on the pound.
