Hey! It has almost two perfect bearish Engulfing patterns in a row and this is pretty unusual: The last week candle managed to break and close below the 2018 low level and we can assume that the movement may continue in the further week. Wait for a pullback into the blue box area and it should be ready to make another move from there. It goes just a little bit...
There's a lot going on with GBP and USD related politics... What are your thoughts on GBPUSD? Will BXY lose strength? Can Trump Strengthen the Dollar? Will Brexit be and Exit on March 29Th?
Pattern: 1D Channel Up. Signal: Bearish. Target: 1310. The price is getting closer to the 1M Resistance at 1365. Last time this level was tested, Gold consolidated inside 1300 - 1365 for 3 months. See how perfectly the Fibonacci levels (on yesterday's top) align with the horizontal price action and the Higher Lows of the 1D Channel Up.
Pattern: Channel Up on 1D. Signal: Bullish as last week the 1D Channel Up made its Higher Low. Target: 16.500 which is the technical Higher High based on the basis difference between HHs.
Pattern: Identical pattern occurrence. Signal: Bullish but enter on the next major pull back. Target: 79.800 (1D Resistance).
Pattern: Rectangle on 1D. Signal: Bearish as the price hit the 3.0600 - 3.2141 resistance zone. Target: 2.3200, the upper support.
Pattern: Channel Down on 1D. Signal: Bullish as the price rebounded near a Lower Low and 1.13300 broke (bullish confirmation). Target: TP1 1.14170. With TP1 locked go after TP2 1.14400.
There is coming a big move. We have been in a triangle on the 4 hour chart for a long time. Soon the triangle is over and we will break out. Where? Of course we have very bearish signs at the moment. We are in a Descending Triangle, which of course would mean an outbreak down. But of course everything is possible. We manipulated the Bitcoin again and we do...
Gold shows good strength in uptrend, every pull back lower used by trader to enter in long side. Now price reach critical juncture and near upper end of channel. Trade below $1270 in 4 hour charts can push price lower either by profit booking or bounce in dollar index.
Hi everyone We have a nice opportunity to long Bitcoin. -H&S formation -Strong support (red line) Expecting a strong bullish movement to the 6,000 or 6,200 Have a nice day!
It has been quite a while now with no clear indication of where the market is going next. Brexit this, brexit that is all we hear these days but when will these sounds turn into music we can all dance to? The pound is under significant pressure to finalize the brexit deal. If the deal goes sour, GJ will be a very good pair to watch and trade as the yen has been...
I hope I learned a lesson today, whn I checked some coins and I saw some of them already on the train to financial freedom. But only for those on that train. That happens when price alerts are not set. anyway, I am very happy, that I saw BINANCE:RLCBTC on binance listing. I bought some RLC weeks ago and I am a little bit angry I bought small amount of coins....
Hi, friends. After a big bull candle a lot of traders don't know what to do. There a lot of fundamental information from outside. But the trader should not trade expectations or rumors. Good trader must trade only current market condition. What we have now? The balance goes up and the price has reached the POC level one of the previous balances. Now we have a...
Hello This is my theory about Litecoin
As you can see in the graph, if you divide between 3000 supports and resistance that the bitcoin has, you can see how the price action respects them perfectly(5000,8000,11000,14000,17000,20000). Therefore for this trade I am expecting a small bullish movement towards our resistance on 17,000 and with it bring the price down to 11,000 per bitcoin. The second...