As stated BTC is forming a head and shoulder pattern om the 1h, the neckline has bearish divergence with the RSI. Looking for the 9600 CME gap to be filled
As stated we are currently retesting the support turned resistance of a huge rising wedge pattern, a rejection to be expected
NZDUSD UPDATE Starting on the daily, we can see we have broken on the downside of a symmetrical triangle pattern and are now retesting the support turned resistance. We can also see a down channel forming of which we are testing the could be resistance (need a solid rejection to confirm confluence) Moving onto the hourly, we can see an up channel has formed and...
Starting with the monthly chart, we can see we have just broken the support of a symmetrical triangle pattern. Moving onto the weekly chart, we can see we have just been rejected by the retest of the support turned resistance of the previously mentioned symmetrical triangle. We can also see we have formed a bear flag pattern of which we have just hit some...
Diamond top formed on CADJPY, bulls have run out of steam. We have also hit the up-channel oblique resistance as well as the weekly sideways resistance for a nice double top. SHORT> (excuse the messy chart)
We have a possible triple bottom forming around the 8400 mark, with a bearish MACD cross happening as we speak iwe could fall through this support and head down to the next support around 7550. However, there is a small chance we could bounce off the triple bottom support and start a reversal pattern, as you can see BTC is very over sold at this point and we could...
Bull flag forming with support lines sitting at 92k and 82k, with more announcements promised throughout this week and open beta promised before the end of Q1 and thus token lock up will begin, with a global marketing campaign being launched soon, there is no doubt that MCO will be one to watch throughout 2018.
Very import moment for BTC right now with current support sitting at *historic* 9300, if we fall through this, we could be heading to down to the 6k mark again to complete Bulkowski's Big M Pattern. If we bounce off support, good chance to open a long position as we could break out of the downtrend channel. If we fall through the support, its a nice opportunity...