Where is USDJPY heading to????As the price is now above a major trend line resistance we might see some further push higher in USDJPY, a short term short is my view as DXY is in a high point and a short time drop might be happening soon helping this pair to drop looking for the previous trend line as support to keep pushing higher.
If you like my idea, comment, give me a thumbs up and support my work.
Wish you all a great weekend!!!!
TA
January Update on BTCHey guys,
as always, thank you for taking your time.
This is a short update of about 10 minutes, which I do every one or two weeks.
Thanks for all the messages and the feeddback, our little community is growing (about 100 on TW and few hundred all togheter).
People messaged me and asked for videos about Altcoins, gold, stocks and so on. Can I do it? Sure!
Just write it down in the comment section and like what you wanna see next, so I do know what to work on.
In this video we are discussing Resistances and Supports and what they mean when the price is moving up or down.
The 9000 call hit just perfectly, thank you for checking it out, too!
This is it for today, see you in the next one,
your quality trader
BTC/USD Technical analysis May 18th A lot of people are watching the bitcoin chart right now. Its also very "nice" to look at with very nice technicals .
Here are my reasons for me to watch it :
- 3 impulsive waves
-Valid Trendline ( 3 touches )
- Nearing 7.8k support
Important to know : Right now we have no bullish entries the key area to watch is 7.8k.
We have to see what happens there.
For now thats all if anything new happens ill keep you updated if you want more just watch the video ! :)
Subtratum (SUB) /BTC - New Target set Off Double BottomEntry - .00008800 (should of entered here) I think entries around .00009500 are still ok for longer term.
Target 1 - .00011200
Target 2 - .00011725
Target 1 is based off the double bottom reversal pattern I believe formed.
Target 2 is based on 618 fib extension
Current we have move playing out on the 4hr and target 1 will complete the double bottom reverse. I also had a falling wedge that provide confluence with the double bottom. On the road to target 1 I think we'll see potential two pull backs to either .0008257 (382 retrace - 4hr fib) or .00007438 (618 retrace - 4hr fib). I don't think we will get back to the 786 retrace at .00006856 but it's possible as know one has a crystal ball.
XRP/BTC - Where to ? Targets Set - Did a double bottom happen?Looking a the 4hr chart for XRP/BTC it looks like a double bottom put in its reversal and XRP ran off a bit. See the update below for screenshot of two possible options. I'll be waiting to see those play out over the next day or so. We ned to wait for the 4hr let us know which way we are moving at the moment.
Option 1 - XRP retraces to 382 retrace and bounces to the 27% Fib ext
Option 2 - XRP retraces to 618 and bounces to the 618 Fib ext
LTC / BTC - Trade is on - What do you thinkHey everyone.. Check the links below for back history on this and my TA on LTC.
Right now, from the 4hr chart, it looks like my thoughts on a double bottom and falling wedge (both indicators of reversal) are potentially starting to come true. (WOOT!!)
We have a close above and current confirmation of move to the upside. I'll be monitoring over the next couple 4hrs to see were we are moving. Right now I'm looking to see continued upside movement and want to get to the $160 mark. 15 - to the 4hr all shows positive for gains. We have our MAs all repositioning to reflect upside action.
What do you think? Trade good?
Check out my profile for the NEO video and posting on "cup and handle" pattern. If that turns out right NEO is about to blast off..