Hi Trader and Hodlers,
+ The halving is near, which will reflect bearish on the market like it did every halving.
Buyorders (0.236).
- Stochrsi is looking to cross to the upside soon, which could mean that we will break the channel soon.
There is a possibility we could have a fakeout to the upside which will reflect back in the channel to test the...
USDJPY SHORT
+ Rejecting the trendline
+ Rejecting from the wick box
+ Bearish divergence on the way
When the red box wil break out and find support on the crooked stip trendline, long to the trendline above and short from there if rejection finds place.
Higher timeframes we are short.
1ST TP: 109.90
2ND TP: Supportline of ascending triangle
Cheers.
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BITCOIN ANALYSIS
+ Seeing a Head & Shoulders pattern on the 1D.
+ Daily volume decrease.
+ MACD crossed bearish.
+ RSI looking to go downwards.
- No more explaination needed.
- Not financial advice, just the pattern i see.
Manage your own risk.
Flags = TP (Take profits)
Cross = Stoploss (stop)
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+ Rejection of the cloud
+ Rejection on the Parrallel Channel
+ Against the trendline on the RSI
- If the upper trendline breaks 8100, we are going to visit the first resistance
