The trading community is going frenzy with their respective versions of BTC speculations. So, Here's mine :) Long term Analysis: 1. BTC on a clear downtrend from last bull run towards 14k mark. 2. I saw traders speculating 61.8% bullish turn around. I don't believe in extreme precisions on fibonacci levels but my theory about them is I like to think of it as a...
I'm Shorting EURUSD, The Chart is showing the EURO is weak.
USDCAD showing weakness, already on the move, I will set two targets, and take 50% profit on Target 1 and continue or stop my trade according to the latter patterns.
EURUSD will continue its downward channel. Going SHORT!!
I will wait for a pullback before entering to get a better price. I will book 50% profits on target one, and see if target 2 is possible.
On a seller's zone, will come down from the supply pointed out.
USDCAD has retraced back a lot, now time for the sellers to step in.
BTC forming higher- higher low sequence inside a bullish squeeze. Will trace back to nearest supply of 10900s.