Mrhayek

Mrhayek Updated 

Huge bearish divergence showing on the weekly chart. The technicals support a further capitulation on shorter time frames as key trend line got breached on the 4h. Unless Jerome Powell jumps in again soon, what to come is to be expected.

Mrhayek

Multi-year breakout confirmation for GBPUSD looks amazing. We could be seeing the start of a recovery back to pre-brexit range from here. Breakout of 12 year falling wedge downtrend, monthly close, and a higher high printed for the first time in two and a half years.

Mrhayek

Position for the next move.

Mrhayek

Some possible long overdue risk-off sentiment could be inbound as US cities are overrun by rioters and protesters. A lift in demand for USD again will come as a result of a long squeeze in the equity markets, where a correction is long overdue. Market participants really need to come back to reality as the Nasdaq Composite flirts with ATHs in the middle of a...

Mrhayek

Nice setup on AUD/JPY. You know the drill.

Mrhayek

I'm sure everyone is aware of the technicals - BTC/USD has just broken a key technical area and is poised to move higher. Regardless of the technicals though, the fundamentals all point to a stronger bitcoin as the comical monetary and fiscal approach to Covid19 by central banks and their government counterparts around the world has been predictably inflationary....

Mrhayek

We are approaching a significant trend line once again on GBPAUD running back almost 9 months. One of two scenarios are likely here: either we test the trend line and move higher again or break to the downside. Both plays are worth acknowledging as long positions that get stopped can be reversed with a break (closed candle) to go short.

Mrhayek

You already know.

Mrhayek

AUD/NZD has been closing in on a 3 year ascending trend line after a drastic sell off these past few months. As we reach the lower side of a 5 year range the Aussie dollar is likely to rebound more from here. The weekly candle has turned into a bullish hammer, and demand for the Aussie has picked up. The 50day MA has also crossed upward through the 200, signalling...

Mrhayek

BTC breaks a key technical level after getting rejected 2 weeks ago. We now have a closed daily candle outside of the descending channel as well as a close above the 55SMA. The technicals support a an imminent bull run if we can break the 11700 level. I expect BTC to rally over the next few months, causing a broader market move for altcoins.

Mrhayek Updated 

As BTC continues to decline we approach some key technical areas. We may anticipate a sharp increase in demand, first at the 78.6 Fib, and below at the 200SMA. As we approach overbought territory on the RSI for the first time since September, we should consider how quickly BTC's price recovered in the past from similar levels. The last two times BTC became...

Mrhayek

Tracking the date and price range of the 3 previous rallies for BTC/USD.

Mrhayek

UBQ is in oversold territory after falling over 35% in just a week. There is also divergence on the 4h RSI. This onslaught has coincided with Ubiq recently being added to the cryptopia exchange, as well as 3 tokens being brought on to the Ubiq network. The 50Mil Mkt Cap is comparatively small so I expect to see a bounce soon to end this free fall.

Mrhayek

BTC retraced off the 1.6 Fib target level last week within ticks of the 5k handle. It is possible that a deeper retrace may ensue, understandably, as we have enjoyed a 65% rally after breaking $3,000 last month. If the 2250 support level doesn't hold I have mapped three areas of support it could test on a deeper or much deeper selloff.

Mrhayek

I posted that NEO was overstretched on August 17th and that a brutal retrace was imminent. This has in fact happened, but now the time has come to reestablish interest in "China's Ethereum". The long term trend line remains in tact and offers a great opportunity to catch the falling knife, buying in at around .004.

Mrhayek

XRP/USD has consolidated above the 50SMA after making a double bottom. Now pushing back towards .23, we could see a bigger move in coming weeks.

Mrhayek

A great opportunity has arisen in the form of UBQ/BTC. Even thought the fundamentals support UBIQ, the market cap is still hovering around the 100M Mark. Investors have not caught up to speed. The technicals are now supporting a move higher and there is little in the way of this coin moving higher.

Mrhayek

BTC retraces after steaming in recent weeks to ATHs above 4400. Institutional investors are beginning to take BTC seriously, displayed in the recent growth of market cap. After a temporary retrace, I expect to see price action take another leg higher going into September.