MBGD

MBGD

Hello , There are more reasons why a correction might occur : Here are some of them : - Stochastic and RSI Close to top on daily and all other lesser time frames. Only ones which disapprove this rule are weekly and monthly, but these apply for longer term strategies - Low volume, still. Volume has increased indeed 40% from yesterday, but still not strong...

MBGD

It is not yet confirmed. As long as it struggles below 57.5K , nothing is for sure, especially if you plan on going with margin/leverage trading, you're on your own. There is still a pretty good possibility for the price to sink again, this time even to 41k to be the minimum, mainly because of two reasons - 1. It was the ATH of 6th Feb. 2. If it sinks that low,...

MBGD

Hello ! For the moment, we have to wait to see if it reaches 1.9150 at first. As you can see, that level became somewhat of a support level, therefore entering a position without confirmation is a bad choice. After the level is reached, we should see if a long is a good option or not, because there are a few hundred pips worth taking, as an intraday short term...

MBGD

If you wish to become the next internet meme on YouTube, then now is the time to buy/sell. And please, do it all in, it'll be funnier. Otherwise, don't let your emotions decide the amount of money they're worth you losing. In other words - focus, observe, remember. The history almost ALWAYS repeats itself. And most never learn it, even the hard way.

MBGD

Although trend is bullish, as you can see, it tested the 1.21700 line, but no confirmation, therefore returned at 1.21400, and now is testing again. It tested it a couple of times, as you can notice, so you can expect the trend to continue. Best way to have the clear confirmation is at the 4h graph, one and a half hours from now. Afterwards, a long position can be...

MBGD

What did we learn, once again? The trend is bullish, therefore, you should watch out in case you're still dreaming of getting low to 15-18K. Think hard about it, this is still a correction. And the most important - buy the dip, sell the top. It's all about when to get in the game - that basically decides the final outcome. Stop loss saves lives !! Luck has...

MBGD

Let us wait and see if it confirms at the current level, at 1.21700. It might go even more on the bullish run. If this happens, same as I said yesterday, go for it. The next important and logical resistance level might be at 1.23. But still, there are a few hundred more pips to be gained. Always use stop loss, take profit, and since it's a long distance between...

MBGD

Most technical analysis shows this. Next up , 1.15 again.

MBGD

According to hourly graphs, at GBPUSD is the same situation as of EURUSD. It has broken the 1.40 resistance, went up to 1.40500, and now back at the strong point. Now we should wait to see if it will go further up high, back to the 1.43 back in April 2018, or it will go (for the moment) back to 1.38500. There are many to be taken into account, not just technical...

MBGD

We need a confirmation still, the hourly rates shows this, it is currently testing the 1.21 support. If it is confirmed, in order to continue the bullish trend, then there are some hundreds of pips worth of getting.

MBGD

During the weekend, BTC has continously oscillated between 56-57K, with very few differences. It tested a bit the 54K value, but went quickly straight up. My hunch is that the next psychological important point is the 60K . For now, any transaction made is definitely FOMO, therefore waiting is still strongly advised. Upping the SL is a good choice, unless you've...

MBGD

EURUSD will soon probably hit a near resistance at 1.21680, where it played 3 weeks ago. From there on, a confirmation is necessary, whether it will go up to 1.22150, or will go back to 1.21. Trend shows still bullish. What do you think?

MBGD

I believe that it will test again the 50K resistance, probably make a small drop back to 47k, and then it goes boom. What do you guys think?