UPDATED BUY SIGNALWell 2021 has ended and 2022 has begun but we have still been a very weak market that has provided one the ability to accumulate if so desired at low values, for long term...and for short term traders can trade between $.14 and $.17... Long term if you believe, and the coin at the time of this update is $.1603 would be a 600% return on investment at a $1.00.....not bad if you have the stomach to wait it out.....Bitcoin probably would have to be $100,000.00....
As for the geopolitical picture, inflation is out of sight and shelves are lacking to be filled.. The virus has upped its nasty head to where its affecting travel and commerce again even though not as deadly, the gurus have tried to control people and their lives....Every time one turns around countries are still trying to figure out how to tax, control and or eliminate accept for the fact that it is like a snow ball going down hill and gaining speed and enlargement to whether they are going to accept or be left out.. Even the Master Charge and Visa are fully into .....They are finding out that if they don't get on the train or be left at the station.....
Again we are not responsible for any decisions of investments you make off of these charts ..... they are a map and my personal opinion..... Good investing in 2022
Techncal
AUDJPY: Longs to 78.000!4hr Time Frame: Reading price we can see that AUDJPY is on an uptrend. With that being said we should be looking for long term buying opportunities at support. Right now, price is testing a 4hr support zone in confluence with an inverted head and shoulder formation. Notice how price closed off a bullish pinbar rejection candle.
1hr Time Frame: Scaling down to we can see price creating a double bottom formation at our 4hr support zone. If price manages to test that zone again and hold above, look for long opportunities to 78.000 key psychological resistance. However, if price breaks, we will reevaluate. Due to the uncertainty of market fluidity, risk management is highly recommended.