Its been a while since I dropped ideas. Here is my idea on FX:GBPUSD for next week, though we had a sharp sell towards the close of the week, however I think that was just retrace back to the previous weekly resistance which is now a new weekly support . Finger crossed.
Based on historical data, we've observed a pattern preceding Bitcoin halving events: a period of consolidation typically occurs before a significant price movement, which tends to be bullish. Presently, our chart analysis reveals a triangular consolidation pattern. Our expectation is for Bitcoin's price to break out of this triangle formation, with a higher...
more insight to the previous analysis, upon reactions on the demand area i will take my buy position, but if price break through the demand zone then it's going to further sell to the next demand zone.
this analysis is purely bases on supply and demand alongside with the reaction on those areas i.e (S & D)
Based on my previous analysis on bitcoin, we could see a further upside to 50k🤞
Looking at the close of last monthly candlestick, you will notice a selling pressure at the close of last month candlestick, watching closely, at the opening of the new month's candlestick you will see that it started with strong selling pressure. If the sellers successfully push the below the 1.26200 neckline there by forming a M shaped pattern, then I believe...
Looking at the recent fall of bitcoin price, we might see a sideways movement in the main time before the final movement to the upside. Stay tuned for more insight
This is a weekly trade for CADCHF, a quick intraday trade, keep in mind not a financial advice, always maintain strict risk management