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Bitcoin BREAKING 4500.Great day today! Bitcoin has broken 4500 with good volume, which means it is a strong move. We are breaking out of this consolidation pattern that we've been in since August 14. Entry: Above 4500 Target: 5000 *very nice target, it is a round number that people will pay attention to, AND it is both the 261.8 retracement of June/July AND August consolidation levels. When levels line up like that, it's a big deal Stop: below 4500 So keep to your stop and if it breaks below 4500, we'll probably see lower prices, but right now the move looks powerful. I think we are going to head quickly to 5000, where we will probably see some profit taking and maybe another consolidation. ----------- !! PM me with any questions about my analysis !! MY TRADING METHOD: I keep my analysis simple. Good analysis always is. I use Price Patterns, Moving Averages, and RSI for my analysis. I use the 1 day for trend analysis and 60 minute for trade entry For my Targets I use Fibonacci projections + measured moves Successful trading means proper risk sizing and trading small so you can stay in the game.
COINBASE:BTCUSDLong
by BerlinTrader591
1
Bitcoin Cash, When will THIS MONSTER break?Amazing chart here on the BCHUSD Bitcoin Cash 60 minute IF this thing breaks, it's going to BREAK BIG. After that incredible run on 17, 18, 19 August, we've consolidated in this descending triangle pattern. It's a bullish continuation pattern that should resolve itself in the direction of the trend: UP But right now, it really could break either way. We don't see any overwhelming signs of strength or weakness. BEARISH: Price breaks support at 580. We have tested that level several times. If we break support, then it's a crash down to 480 or 400 (former support levels) BULLISH: We see the price bending up and finally breaking out of this triangle formation. Breaking 630 or so would be a good sign. So right now, I wouldn't go long or short Bitcoin Cash BCHUSD because it's just a coin-flip 50/50 shot. But I will keep you posted when I see some Bullish developments. AGain, if this MONSTER breaks, it's going to BREAK BIG. I do not want to miss this one to the upside. We saw how crazy it blew up last time. It has exposure and the volume can come in to really make this thing rock and roll.. --- !! PM me with any questions about my analysis !! MY TRADING METHOD: I keep my analysis simple. Good analysis always is. I use Price Patterns, Moving Averages, and RSI for my analysis. I use the 1 day for trend analysis and 60 minute for trade entry For my Targets I use Fibonacci projections + measured moves Successful trading means proper risk sizing and trading small so you can stay in the game.
B
by BerlinTrader591
5
Where is The Gold Price Going? XAUUSD Analysis by GBMWatch the full video analysis here: www.youtube.com So the big question many of my clients have been asking is, where is the gold price going? Well contrary to popular belief, I believe that we may see a strong move to the downside before we see gains in the price again. There has been a structure break to the downside on the daily time frame, after a 3 wave completion: There has been a repeat of this on the 4hr chart: I entered the short on a smaller 1hr flag break and have set a target based on the initial impulse of the current 3 wave move on the daily time frame. At that level I will wait for confirmation of either a continuation to the downside or a trend change. You can watch the full video analysis here: www.youtube.com Happy trading!
FX_IDC:XAUUSDShort
by Linton_White
EURJPY: Rejected from support levelOn the chart, we can see some support and resistance level for this pair. On 28 December, we saw rejection from 123.20 level. This pair is still on bearish momentum since yesterday. On the resistance level, we saw evening star on h4. We can expect more bearish movement on this pair. Now 121.65 level is acting as support for this pair. If this pair can break this level, we can expect 60-70 pips fall towards another support level at 120.92. Overall, we can stay on sell mode from near term resistance level.
Short
by ForexFunction