FXBTCJPY trade ideas
BTC/JPY - the beginig of correction Sentiment is positive + false breakdown = the begining of correction
BTC/JPY - the begining of correctionSentiment is positive + false breakdown = the begining of correction
BTCJPY UPDATEA quick Analysis for BTCJPY pair since this exist on Exchanges these pair seems going thru upside-down
Not until the 4th of February since it makes a huge bounce on the price trading from 369,705.11 up to current price at 563,090.00 flat and looking on the chart pattern at at the 12th of November 2018 up to present date now take a close look on the graph for your preference we put the first resistance to cover at 637,028.88 once will have its momentum it will continuously to go up to max resistance level at 738,635.46 this trade is for those people who love to do it for long-term trade. You can also set-up a small movement for those trader loved to do short-term position resistance level between 563,540.00 to 637,028.88
Meanwhile BITCOIN maintain its bull rally due to rapid growth as hash-rate reaches 4-month high - Confluence the BTC has recorded its highest hash rate in four months soaring to 52 quintillion hashes per second.
BTC short-term LONG, mid-term SHORTI think it's still uptrend, because the latest fall didn't break the lowest price, and the price was back on the upward trend line.
Therefore I expect the price will be a bit higher, however price increase will stop around 410,000 yen. There will be double top or something around the line, then I will have a short position till 350,000 yen.
4 of C of B of 4Corrective channels in play with shadow channels shown in lighter shades for confluence discovery. Green and Red lines represent support and resistance respectively.
