BTC Possible direction IIBTC perfectly bounced down from resistance trend line of this descending channel I published 14hrs ago. We could see a retest of the support line if some buyers do not show up. Breaking up from this descending channel could be the first sign that we might expect trend reversal.
Short-long
GBPJPY 4H BUY Great British Pound (GBP) / Japanese Yen (YEN)
4H Time Frame
BUY OPPERTUNITY
Yesterdays bearish analysis was a success
Going from 151.488 down to 150.457 which was actually lower than stated.
According to my analysis at the moment GBPJPY is still bearish heading down towards its support at 150.457 then will carry on down towards its next support at 148.877.
Once its hit that bottom support it should turn around and start racing up towards its high support at 152.512.
I will be doing another update on this pair tomorrow.
If you like my analysis and brief give it a thumbs up.
If you have any questions please feel free to leave a comment or send me a direct message.
I will reply to all messages.
THE CRYPTO PLANET
XAUUSD pullback to prior high in icb pullback to prior high from major resistance level
offering 2 trades
- short during the pullback
-long at the prior high
ICB structure with trend in a CVT
target for the long in the current high due to the major S/R level, so not looking for extension!
market order for short and limit order at prior high for long
Audio in ascending channelWe published AUDIO update on 31. Jul, since then nice LONG entry, was on 04. Avg, and we are in profits 60% so far. Since then, AUDIO has established this nice ascending channel. The million $ question is when and in which direction this channel will be broken. At least for now it looks like we are going to test the lower trend line of this channel. RSI on 1h looking down and MACD lines looks like wants to make death cross... But the volume of this falling move weakens and we also have previous high which now acts as support. Set your levels and wait for the next nice move...
Future's CME gap officially FILLED (BTC) 5th wave done (short)Hello traders,
I've predicted the 1-5 wave count from the $44,100 area breaking out of the falling wedge and everything went accordingly to plan and the 5th wave has now been completed.
Future's CME gap at $48,000 has been filled and I'm expecting a violent move down next.
25x longs get liquidated around $44,900.
10x longs get liquidated around $42,222.
Stay safe, and don't fomo you will get destroyed.
ETH PullbackETH Pullback expected since there is Divergence on the 4hr and 1hr charts.
Expect a pullback to the Horizontal Box area which is the Dynamic Support area for ETH.
Therefore Look for Breakouts of the Trend Line to short and Look for Buy Setups along the Horizontal Support. ETH is still Bullish and will climb higher.
*Disclaimer. Not a financial advise.
Please comment, share if you agree with my analysis.
Many thanks
Marlene.
Not so nice picture for BTC near termBearish divergence on MACD histogram and on RSI is not so pretty picture to see from bulls perspective. And seeing that on 12hrs chart, it's really ugly. Volume drops from the middle of this move and all that could indicate that we might see some kind of move reversal. I'm not saying this bull run is over, and not saying that we are going to 100k tomorrow. I just say what I see. And it's quite normal to see the exhaustion of this upward move. We should be realistic... It's very healthy for BTC to pull back and consolidate for further upside movement. Buyers could show up and erase all this, but for now...
EURUSD Market AnalysisOn the weekly chart for EURUSD, Double Tops have been created. The neckline should break and go to the next support line at 1.5122; it may reverse. EURUSD may also go back down to 1.12450.
EURUSD may also break the FLAG and go long. This is my personal analysis that I have created for myself to look back on. Feel free to let me know what you think.
Bitcoin Possible pullbacks and resistance areas - NANPHey
I've added possible upper near-term resistance levels in case of further move up.
The start of the week might bring a new force to market.
Possible meaningful pullbacks are also marked with yellow circles.
Trade safe and use SL
NANP - No advice NO promise
USD/JPY Analysis . Minor Correction and Push UpWelcome back!
Please support this idea with a LIKE and COMMENT if you find it useful.
*****
USD/JPY Analysis - We expect a brief retracement and a push up to resistance. Best zone to short would be around 110.80 pending strong rejection at this technical level.
Be sure to follow the entry criteria rules for your strategy and keep this on your watch list!
- BKH
What's happening with Gold?Loads of people were demoralised on Friday 6th August 2021, when Gold took an amazing dip south. That was part of a 30 min trend switch.
But - as I always say look higher. Now strangely, I am actually bearish on Gold in the long run. However, the technical picture is showing something different on the 1D time frame. And there are conflicting trends on lower time frames e.g. The 4H is saying south is the probability.
The point is that you gotta pick a trend on a time frame and stick with it, win or lose - just make sure your losses are affordable.
So - the 1D time frame is showing a lovely theory of curves (TOC). This usually creates a probability on that time frame only for further movement in the leading edge of the curve (which is for the north). How far? How would I know? I don't own the future. If price falls out of the TOC and continues south on the 2h and 4h, then Gold could be in real trouble. This is also possible because watch the ATR trend switch on the Daily which is sharp and bearish. The 2h and 4h time frames live within it.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.