Just my 2 sats - BTCUSDTHey guys, it would seem the general consensus among the majority right now is that we're heading into a new low, or at least a retest of the 6k area - I'm not so sure. I've been mostly bearish since i began posting but that was before... before i saw BTC break the bear channel and HOLD. This will mark the first real retest of that once VERY staunch resistance as a new found support (hopefully). Obviously it can fail, however, given the amount of effort BTC needed to break it with any real confirmation, I find myself a little hopeful. This will (In my opinion) be the test to either confirm or deny BTC being in the beginning of a bull season again. This is an important time ladies, gentleman, whales, fishies, bulls and bears and all beasts of burden! feel free to comment your take on the market, i will try to get back to you guys though i often leave this running in the background. Trade safely and make bank!
Tradesafe
AUDJPY - A simple breakoutSell on the lower-low lower-close bar after a retest of the trendline. As usual : broke out of the pattern, wait for a retest of the resistance, and sell it off. RSI is kind of low so I'm waiting for the moment. It might also bounce of the 200SMA.
*SL, Entry and TP might not be the one I'll use*
Trade safely!
EUR/USD Short Bat Pattern + BreakoutEUR/USD has tested a strong daily Resistance Zone at 1.138 and dropped down again. Now this Pair has formed a Bat Pattern and broke out of a ascending Trendline. Now i'll wait for another breakout on a lower Timeframe and enter base on this breakout. SL and TP's are shown in the Chart.
Tell me your Opinion about this Analysis in the Comments please.
Trade safe, Daniel