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Bitcoin consolidating and waiting for possible reversal SHORTI see Bitcoin as ready to fall as its next move. Short sellers are positioning. Volumes are falling in a signal of capitulation. Relative strength is showing bearish divergence while price is in consolidation. The boxes are checked and it is the weekend when the price volume trend is typically sideways. This is demonstrated by the flatline PVT. I will short Bitcoin when I see a bit of a volume push. I will reassess by crypto-related stock and options positions in due diligence to protect risk.
COINBASE:BTCUSDShort
by AwesomeAvani
3
BTC compared with USD.DOMINANCEIn this chart we can see the btc chart compared with usdt dominance Is interesting to see how they relate eachother in opposite directions When one goes up the other goes down and vice-versa That is related to the need of usdt as a reserve asset when things goes bearish And the need to sell usdt when market goes bullish This is our technical opinion about this scenario, not financial advice, do your study and make your decisions based on that. If any questions, just write in the comment below and don't forget to like and subscribe, thank you.
by CryptoSnoutTrading
nice short headed , or some political long before french electioe/u had very nice run friday afternoon during new york session , and gain more than a 100 pips wich is volatility we have not been seeing for some time . in a near future ( 58 days and counting ) first round of french election is going to weight a lot on the euro and might be the catalysis we all where looking for some time , but until then we very much could be looking to a strenghting of the euro . or a range beetween 1.04 1.07 will wee how it open on sunday . But seeing the burst on gold on friday i could easyly see at least a run to the 1.0662 1.07 area . But will see on sunday how it goes .
Short
by jeanbaptiste.laurent.94
Possible double top formationDaily chart pattern - possible double top formation Resistance - 0.6883, 0.6835, 0.6806 Support - 0.6972, 0.7024, 0.7054 Kiwi's failure to take out Apr 19 high of 0.7054 followed by a sharp drop below rising channel has increased odds of a the pair forming a double top formation with neckline at 0.6806. Dollar could see a broad based technical correction. Plus, a possible drop in GDT price auction could add to the bearish pressure around NZD. Thus, a daily close below rising channel support appears likely. In such a case, fall towards the neckline level of 0.6806 levels appears likely in next few days. On the higher side, a convincing break above 0.7054 is essential to open doors for a rise to 0.7122 levels.
by TipTVFinance
GBPUSD Overnight outlook - Long objective 1.4254Formation - Expanding falling channel Outlook - Cautiously bullish Sterling's sharp fall left it oversold as per 15-min RSI, with the indicator forming bullish divergence pattern with price chart in the NY session. The subsequent attempts to recover losses have failed around 1.4220, still the intraday support of 1.4190 (daily low) is being defended. Thus odds of a quick fire corrective rally to channel resistance of 1.4254 cannot be ruled out. Recommendation - Long @ 1.42 target 1.4254 Stop 1.4188 Strategy - Stop is quite tight, but traders may attempt going long again, unless the 15-minute candle closes below 1.4190. Stop however is to be exercised not on closing basis
Long
by fxstraderomi
EUR/JPY outlookThe impulsive decline seen in early Europe has been recovered, thus marking another failure to sustain below 125.00, thus extending the ongoing squeeze between 125.0 handle and falling channel resistance. A daily close back inside the channel would invalidate arguments to remain on the sell side, thus leading to short unwind resulting in the cross cutting through 127.17-127.28 barrier to test 128.38 levels. A move back inside the channel would also add credence to the bullish daily RSI. However, gains above 128 appear unlikely as of now as the monthly RSI is below 50.00 and pointing lower, indicating rallies to 128 and above could be met with fresh selling pressure. Meanwhile, a daily close below 125.00, which now is also rising expanding channel would indicate the cross is going to have a relook at 122.05 (Mar 1 low). Outlook – Short-term (next 2 months or so) jump to 128.00-128.50 is likely, where by fresh offers could hit the cross and take it lower to 122.05, which is breached shall shift risk in favor of a drop to 118.50 levels.
by fxstraderomi