Bitcoin Price update! Shorted the Top!Even-though bitcoin is looking very bearish, do not fomo into a short! there is alot of news that can impact the markets!
Short-long
EURAUD I Broke 6350 resistance and forming head and shoulderWelcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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BTC at the GATES of TARTARUSConsidering the bear flag formation we are in, a situation awaits us that we can interpret as a trip below the 25.200 limit to get liquidity.
BTC/1D : is it making a bullish flag ? It seems to making a bullish flag on the daily chart.
Could we maybe see a 5th leg down , before breaking out ? And perhaps rally back to 1 of the supply zone.
I should wait for a breakout first or a 5th leg down to get more confirmation .
CADJPY Two potential bearish setupsOn CADJPY, we have a bullish setup since Thursday. Currently, the price is around 100.70 and rapidly ascending. The expectation is for a bounce around 100.95, where we have a supply zone with a bearish setup identified by the Forex48 strategy. In addition to this potential entry, we have another one around 101.60. Both entries look promising; we will see which one the market favors.
Let me know your thoughts.
Happy trading to all.
Forex48 Trading Academy
Maybe VWAP bands are still the best?I know, I know, a very confusing title.
Point is, we have been running after far too many indicators to tell us about BTC happening, but the best one to support us during the volatile period is still the VWAP bands.
As we can see, price has bounced and being rejected from level 1 bands, upper side band. A very daunting place to make a decision of BTC future.
I would its possible that it can break and go to abyss or go to heaven.
My bet is abyss.
GBPUSD 14TH MAYThe British Pound to US dollar is exhibiting a similar trend to the charts we previously analyzed. The smaller time frame swing moves have broken down, indicating a bearish shift in the order flow. We have identified a small gap above previous price action and a small gap below our most recent swing low, leading us to believe in the possibility of a short-term retracement bringing us back into the zone above before continuing downwards towards the liquidity highlighted on the left. We plan to follow this pair in the same manner as the previous two pairs, catching some very nice sell moves off of it as it delivers bearish ranges. We will be looking for a weekly high to form around Monday or Tuesday before following this bearish trend further down into the lower liquidity pools. However, if the pair decides to continue bearish without retracing, we will follow the order flow. As always, refer to the DXY to understand the general market direction.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
EURUSD 14TH MAY
Here is our four-hour chart for the EUR/USD pair. Following a similar narrative to the gold chart published earlier today, we are anticipating a continuation of its bearish movement down based on the larger timeframe swing moves visible in this image. We are looking for a possible retrace to occur from the major swing low highlighted in the chart or a complete blow-through of that level, which would lead us into historical liquidity and an overall gap present on the daily timeframe.
We will be looking for continuations in our bearish ranges, but we will allow for the last short-term swing high highlighted in our chart to be taken for the gap above to be filled. Please note the purple zones that we have highlighted; these are areas where we're looking for reversals in trend.
Regardless of whether we experience a bearish or bullish gap, we will follow the order flow with this pair and hopefully pick up some nice continuation trades to the downside. If we do reverse, we will follow the order flow with that and continue to buy this pair into its overall narrative.
However, as stated in the Gold analysis, the DXY is showing some signs of bullishness, so we will be paying attention to what price shows us in the first sessions of the week. We are looking for a weekly high to be formed around Monday or Tuesday, as stated in the Gold analysis, and we will look for a bearish continuation from that point.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
AUDNZD Ready for short this night!On AUDNZD, we have a price that is consolidating around 1.0631, where it has formed a supply zone. The objective will be to wait for the price to rebound around 1.0660, where there is a supply zone with a Point of Interest (POI), indicating where the price has formed a short setup.
Let me know what you think.
Happy trading to everyone.
Forex48 Trading Academy
BTC Holds at Crucial Support AreaBTC is currently sitting in the Fibonacci 0.618 retracement area of the recent rise with support from the 200-period exponential moving average.
The loss of this place could take us to the 25K region. My opinion about the decrease to the 12-14K range has not changed,
I am waiting for the needles to the 9.3-9.8K range, but before this happens, BTC is still reading what it knows.
USDCHF Short o Long?On this pair, we have a resistance zone at level 0.896, a truly strong area in which the price has already generated over 3 false breakouts. My analysis suggests a short opportunity starting from the highest supply level, or in case of Swiss franc strength, I foresee a long opportunity if the price reaches the 89.00 psychological level and the lowest demand zone.
Let me know what you think in the comments.
Have a nice trading.
Forex48 Trading Academy
EURJPY SHORT TRADEGood morning guys,
On EUR/JPY, we have a bullish daily trend. According to my view, the price could retrace to the 148.300 area, where I have identified a POI zone. This will be my area of interest in which I will look for a short trade.
Let me know in the comments what you think.
Happy trading to everyone!
Forex48 Academy
Hold or Bust: Bitcoin's Future Hangs in the Balance The current state of Bitcoin's momentum, seems to be slowing down based on the Ichimoku Indicator. I am specifically focused on the Chiku span, which is the green line diving into the price. This is usually followed by a fall in price. Additionally, Bitcoin is currently below two other indicators, the Tenken Sen and Kijun Sen, indicating bearish signs. However, Bitcoin has the support of the cloud, which is still acting as a barrier between the current price and the potential drop to $25.2k. I say that more time is needed to see if the price will bounce off the cloud or fall into it, ultimately affecting the value of Bitcoin.
AUDCAD is there a short trade?On this currency pair, I have identified a supply zone that caused the price to drop drastically to the 0.903 area, where the price created two demand zones. The first one that was generated was subsequently broken, and this will be used as a possible entry point if the price creates a setup for a short trade.
Let me know what you think in the comments.
Happy trading to everyone, bye.
EURNZD SHORT TRADEIn EURNZD, a very strong resistance zone has been formed. The price has breached this zone in the last few hours, creating a small supply that, according to the strategy I use, I will use as an entry point for a short trade.
Let me know your thoughts in the comments.
Happy trading to everyone, bye.
NZDJPY SHORTOn this exchange, we have an excellent supply zone with spikes that the price has generated, resulting in false breakouts. I entered a short position with a target of 1.5.
Let me know what you think.
Happy trading, bye.
Xauusd sellRejection from hourly trend. Trendline resistance still seems to be strong. Got some sell orders/tp that happen there also. Look at lower tf for p.a. Going for a 2:1 rr
EURJPY Short or Long?On this pair, I have identified a supply zone and a demand zone. The objective will be to find an entry point within the supply zone to open a short trade. If the price, instead, were to break the supply zone, I will look for a bullish setup.
Let me know what you think in the comments.
Have a nice trading!
Bitcoin Price Prediction About Rising ChannelAs it is known from the upper band of the channel we are in, the 200-week simple moving average and even a solid horizontal resistance area, we were rejected with the contribution of the deathcross realization and the negative discrepancy in the relative strength index and price correlation on the daily timeframe.
The predicted decline and reaction rise areas do not seem to be very pending.
As I expected, the main decision area seems to be around $18,500.
Feel free to comment, knowledge multiplies by sharing.
Golden Pocket on Bitcoin Weekly TimeframeIf we break the rising trend we are on in the weekly timeframe and close the candle below, the GOLDEN POCKET area that will welcome us is very clear. (Don't be afraid.)
Bitcoin & Fibonacci levelsHello and welcome!
Bitcoin is trading right below our massive resistance of 0.618 at 30,000- I think we will see a test of this level once again for a potential short entry or we could continue to fall.
EURGBPI have highlighted a demand zone where the price made a false break and then created an additional demand zone within the main one, which I used as an entry point for my long trade.
Let me know what you think in the comments.
Have nice trading day!
AUDJPYI have identified a very strong supply zone in H1, as the market retested the area 3 times before breaking through it. After the breakout of the supply zone, the price created a BOS, allowing me to identify an additional POI within the previous supply zone. Now the objective is to wait for the price to drop to the 90 area, and then look for a long entry. The first target is the 90.400 area, and the second target is 91.
Let me know your thoughts in the comments.
Happy trading and have a great day.
