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Shorttermtrend

BITCOIN : Short Term Possible Scenario's #Bitcoin_Update #4H Bitcoin 4H time frame chart showing a test at on the key price level of a support at $9011 and this must be a taken as a key point for Bitcoin. If it closes below this key price level we will heading to test the next support area at $8724. In general there 2 main scenario's to occur at the current trend. Scenario 1 : Break out for a correction and this correction might even go further for an ABC correctional wave formation. Scenario 2 : Reverse back for another leg up to test our current resistance price level at $9475 which might see a rejection once again for a H&S creation and for a bull run like the past two H&S formations for a test of the next stronger resistance price levels at around $9800 and $10000. RSI and MACD in favor of the bears for the short run for now. and EMA is also trending on the way to the bearish side. Our conclusion is we still can't confirm the next move unless we see some more chart formation indications but the close of the current or maximum the next 4H candlestick formation will tell us where Bitcoin will move in the short run. Stay Tuned For further updates. And you can follow our social media platforms for Live updates too. TogetherWeAccumulate With Regards.
COINBASE:BTCUSD
by cryptotalk_et
1
NZDCAD. Technical viewthe price is in a uptrend and have constructed higher highs and higher lows. on the chart we have a minute waves where wave ((iv)) is completed and the price is ready to move another leg up. if the price beaks the 0.89690 it could go back to testing the 0.89180 level and invalidate the current technical analysis. a cup and handle formation is also formed with a broadening wedge formation as the handle, where a breakout and a retracement have occurred and therefore give another confirmation for the price to move higher, and follow the short term up trend. If you look from the beginning of the cup to the end, a H&S formation is also showing its sight. TP wil be at 0.91177 while a break of the level could drive the price to the next support/resistance area at 0.91765 Fibonacci is drawn from 0 to ((iii)) _________ A lot of important macro numbers is coming for this and next week, where we have GDP for CAD that is expected to fall short from the previous levels. while next week Cash rates and GDP for AUD is due. the cash rate is expected to hold a steady level, and could effect the price of NZD. _________ Enjoy :)
Long
by Fx-AlphaStrats
1