EURCAD Short taken on 06/06/2022 Stop Loss for $267 Take Profit for $1267 RR = 4.75 Stop loss then moved to Break-even - now 0% risk
After Bitcoin's recent pump, we can expect some profit-taking, leading to high-cap altcoins to pump such as XRP.
We had a daily close below the pivot-point with a bearish engulfing candle so looking for a move down to $0.43
I'm expecting BTCUSD to dump 20% in the short-term to about $5k by June 2020. After forming a double bottom, I do anticipate BTC to start pumping towards $15k by end of this year. After that, $100k by September 2022. I'm expecting a similar move to when Bitcoin dumped to $3.1k during December 2018. Thoughts?
Nice H&S pattern forming on Bitcoin and Ethereum. Short-term: Bitcoin will bounce from around 3700 to 4900, completing the H&S pattern. Medium-term: Retest of previous lows as on the daily chart we are forming a correction. Price prediction; 3000 (roughly) Long-term: BITCOIN GOING TO THE MOON!!!
Using Fibonacci's on the monthly chart, you can clearly see that OIL is currently sitting on 38.2 Fib's which indicate a possible retracement. The descending channel also shows that OIL may be have achieved a Lower Low given its current down trend, so more upside is expected. Another reason to go Long is that it is currently sitting at a major support level which...