Volumepriceanalysis
BTCUSD: Bearish MomentumBTC is showing a bearish pattern. But indicators suggest a strong reversal. Price can fall to ~1850 before any possible correction
$NQ_F same prices as market open on Monday am, 48 hours Later Nasdaq gapped up to these prices Monday at Open so in 48 hours we have gone nowhere. Much Ado about Nothing so far after failing to make new all time highs in the NQ and Russell and Dow, only the ES has gapped and made new all time highs this week. We see a chance to test the zone lower if we can't close over new highs by week end!
GBPUSD SHORT PROJECT (H4/Daily)GBPUSD faced strong resistance at 1.307x/8x area which may become point IV of a grand bullish formation if this level holds well.
There is a number of factors which support this possibility:
RSI is showing bearish divergence at H4/H1/m30 timeframes.
The volume showed support for possible reversal of the recent bullish trend.
Currently, the price is floating in nearly the same area as when the previous day session started. Neither side is being supported by significant volume change.
If this accumulation phase is followed by bearish candles backed by spikes of medium/high volume, it will be the strong confirmation for further move to the South.
Taking all this into consideration (especially short SL vs good potential TP), even though though no bearish WW is currently active, 6 positions were opened.