PersianAnger

PersianAnger

Bitcoin forming Double Top (needs to confirm) in 1-hr chart. US Dollar Index forming ascending triangle in 1-hr char. BTC and DXY showed a lot of reverse correlation in the last few weeks.

PersianAnger

Watch out for the LIQUIDITY TRAP. Check the news for Stimulus Check Bill update by end of today. If they do not pass it, BTC would go south! Home sweet home Alabama!

PersianAnger

In case of breakout, USDCAD will face the next resistance at 1.36. Reasons why moving upward is highly possible: - US Presidential Election in less than three weeks - Gold and Silver are facing strong resistance (Precious metal price is declining) - Cash is running out since there is a hold on the next Stimulus Check - RSI shows a strong uptrend (no sign...

PersianAnger

USD Index, most likely, will break the resistance in the next few hours. Presidential Debate (in next week) and Presidential Election (less than 3 weeks from now) could (should) work as main engines to drive DXY closer to 96.00. On the other hand, RSI shows a strong upward move since last couple of months, and it is not near " oversold " region yet.

PersianAnger

There are few strong signs that suggests BAC goes down to test its previous supports. However, the result of the presidential election could affect the severity of this correction.

PersianAnger

We can see a sharp move upward after creating a low low RSI. The low RSI can be promising in the long term. This might be the lowest price that we will see in the next few years. However, we need to see the next correction. If we see a double bottom in the next year or so, Ford will be bullish for the next few years.

PersianAnger Updated 

Chart - Curves Trend up and down Fib circle from two high to next support. /Archive

PersianAnger Updated 

The chart is pretty much self explanatory. As you see, I tried to demonstrate the logarithmic move using Fibonacci retracement. It seems obvious (to me) that we are at the third "High" point, whether it is an inside job or an organic move by market, the price reached Fib 2.0 and it needs a massive correction. The next bottom could be between $4.0 and $7.0...

PersianAnger

This is not a financial advice. According to news, the next stimulus check is going to be given in the near future (for US). That is going to bring more investment in Gold, Silver and Crypto. (if you are interested in Gold, check my monthly Gold chart in Related ideas below this) Before the time we see the next stimulus check, we probably see another correction....

PersianAnger

This is just an idea and not a financial advice. If the bearish pattern is to be repeated, most likely, these are #link 's next future stops.

PersianAnger

It is all about how to set up Fibonacci Retracement. This is not a Financial Advice. Chart is self explanatory. Cup and Handle pattern in monthly chart.

PersianAnger

This is not a financial advice. There is a possible breakdown for USDCAD.

PersianAnger

Possible short based on these two reasons: 1 - 3 Million Link are deposited to couple of exchanges for liquidation. 2 - We are at the Fibonacci Resistant. This is not a financial advice.

PersianAnger

Here is a raw idea after Bitcoin sudden jump to $8,575. Again, as I said before, Bitcoin usually does not like to finish a XABCD pattern. But, I would think if point B gets confirmed and it does not go over 8,600, it probably go down to 30 percent fib golden ratio.

PersianAnger Updated 

Check out two (or, three) possibilities for short term: 1- reaching fib 0.6-0.8 which could be great to go short. 2- going down on the purple trend line, and landing on fib 0.26 that could be good for a long position. ( Watch out for going long in these situations.) (3- there is always a good chance to go sideways, but since the weekend is coming, I doubt...

PersianAnger Updated 

Here I drew some ideas you might want to check: Looking at the bottom of the chart (Indicator) the ADX indicator (Red line) is below 40, yet it looks like it is about to swing up. if it swings up and the blue line (+DI) stays on top of the orange line (-DI) that would be one bull Confirmation. (You definitely need more than one confirmation to go long) This is...

PersianAnger Updated 

I know a lot of chart analyzers with a lot of good reasons are calling this a bearish move down to $8,500-$8,300, and I am kinda seduced by their idea, but I cannot hide this idea that it "might" go up to $9,200 first! To me, these patters (shown in the chart above) shows a sudden Bull move in the last few days. Why not today? Pay attention to a side move and...

PersianAnger

Triangular patter is about to complete in less (much less) than 21 hours from now. $8,600 - if no high volume in the next few hours. Trend is crossing MA 200 on Daily chart. If BTC do not cross it, then it comes to lower low, maybe $8,300 in the next couple of days. $9,200 - if (surprisingly) the market gets a substantial volume from buyers . Some analyzers...