40+ Pips potential. Good EU Data. If it breaks above next TP would be 1.132 area. First TP is 1.127 to 1.128 area.
Been having issues with my ideas posting, hopefully this one shows. The chart speaks for itself.
MA confirmations all over with the most recent being a potential death cross of the 50 and 200 EMA With a double top prior. Should be a sell well past April 12th. Sell on rally.
MACD has Golden Cross and appears to be conforming to the chart. Pin rejection candle for January with a pivot swing to the upside. Monthly appears to be long all the way up to the red resistance area by the 3rd or 4th quarter of this year.
Pin rejection bar on the H4. Potential downside to the weekly FIB support.
Greetings, it has been a while since I have done an analysis for BTC! Looking forward to giving more in the very near future. From the weekly chart it appears we are in the beginning stages of what may very well be another bull market for bitcoin. If you look at the MACD, we have a very nice bullish cross that happened about a month ago and has since been widening...
RSI and Stochastic are oversold and are ready for a trend upwards. MACD may get a little more downside but overall we are in a buy zone. I expect a pullback at least around the 50 % FIB level around 1.130 to 1.132 and then re-analyze. Overall we should be long on this current swing until Brexit on April 12th..
Double bottom on daily with a bounce pin from support as labeled with the second green arrow.. There is a current candle close above the 200 MA and the 50 but a rejection from the 20 day high and 20 day low average line in orange. From looking at the lower time frames it appears this would be a very brief set back in an otherwise bull trend to the upside on this...
Euro is still within triangle and would be a short within 1.145 and 1.148 area down towards 1.128 area. It’s going to consolidate for a few days and would be a short after a few days.
EU making its way through the first and second resistance I am placing a Short at 1.137
Massive resistance on 38.2% fib level which means there is a strong possibility for a downtrend towards the 1.118 (June 17’) support level. At the very least 1.11578. Also lower highs present on the 1 hour and the 4 hour charts. Short !
EU respecting the uptrend channel for the short term towards 1.140, I expect this channel to be good at least until 1.145 is touched.
Death cross, 50 MA acting as resistance, expecting bear rally downward to 105 range. Macd losing momentum and showing bearish convergence while underneath the zero line. Stochastic is on top of the range and showing plenty of room for a drop.
Failed to make a new high, 50 ma acting as resistance, Macd below 0 with a cross. Daily Macd looks to have plenty of room to drop.
Greetings, appears we have enough points on the chart to qualify the current trend for the short term as downtrend within a descending triangle highlighted in Pink. On the H4 chart we also have a death cross which could signal further down turn onto the 1.128 and below mark. I wouldn’t be surprised if we slip past the 1.126 and to the 1.121 level. I expect a...