Seems the USD remains in the top this week while the AUD is starting to decline.
It is a bit risky because still the AUD is 3rd performing from the majors for now but if it breaks the support at 0.676 it will be going down.
On a daily, i would go long for CADCHF.
CAD is 3rd best performing for the week while the CHF is going to the bottom based on the other majors.
It is most likely short-term CAD to reach the destination that I draw. So i am placing this trade.
The points were the minimum and maximum drawn as a channel.
the 17k was the minimal line touched. After this support is respected we expect a steady run till next halving and after that - check out the high line of the channel. Although the 3rd highest never happened there is a pessimistic and optimistic highest point.
Which one it will be?
The JPY was down for quite some time. I suppose it is time to make a comeback. The USD has started to struggle today. A bit risky but still a chance for some gains.
The piercing of the existing channel signals for the strong movement of the Gold. Also the Gold BTC colleration is really good these days.
I suppose the upper arm of the channel will be tested and then move to the previous ATH is a real chance.
BTC started the long run down (will Elon tweet again? - we don't know) but those are the numbers
The channel was broken which was the first red right which signalled for fall of the price with the height of the channel - 39 000 (fullfilled)
But simultaneously we have a triangle formed which is also broken following the triangle rules the next target will be...
Bitcoin is forming a pretty neat triangle on 1H graphics.
If it goes up my conservative strategy will be entering around 9933 and hoping for 60% movement up.
If it goes down I will enter first at 9197 and then again with the same amount 8912 hoping for 60% movement down.
SMA20 is 0.000016 which is 23% higher than SMA200 - this gives a sign of incresing interest. Strong buy suggest support and the deviations of the daily graph shows X4 gains. Buy now and sell soon when it hits X2.
