I believe BTC is sliding to $30000 but it will bounce back from there. In longterm view, there's a parallel channel which I believe BTC is heading that way. so, I'm bullish in long term.
I'm long on #DXY and expect a triple top. here's the link And simultaneously, I'm expecting a triple bottom on #EURUSD That's all bye
I use price action and RSI to analyze the market and I'm a scalper. Bear in mind that pullbacks are important either on the price action or on indicators such as RSI. Details on the chart
If you look at the COT report this week, you see that the big players of the market have doubled their short positions this week. last week the net position was -24,356 and this week it's -40,281 so, regarding this, we should expect a strong downtrend. Today we encountered a daily resistance which was respected as a demand level. We shall wait for tomorrow's...
Apparently some are waiting for US Dollar to collapse! I'd rather think of a correction than a collapse. US economy is doing well anyway, why collapse?
Price couldn't make it to new highs for a while and we have a consolidation area here. There are two destination here One: The price breaks the upper line and moves forward to gain new highs OR making a double top pattern Two: The price moves alongside the upper line till it reaches the yellow area. There we have to destination which demonstrates the fiscal...
CRUDE OIL (WTI) There are three major supports on this chart. One: 35.88 Two: 24.64 Three: 18.25 due to international conflicts and recessions over Europe and Asia, I think the second support line is very likely to be reached on the long-term.