I believe BTCUSD is in a downtrend. This is a great shorting opportunity right now imo. Broke trend lines and bouncing perfectly off the back of the trend line. Great risk reward trade idea here also.
Looks like a head and shoulder and break to the downside. I see bitcoin going lower to test lower support levels and trend lines. Buy low, increasing incrementally, and HODL!
Goal: Buy low and HODL for the long term. 3 to 5 and maybe even 10 years. I believe the price will consolidate until a pattern forms. It is highly possible the price will get lower. If you're not in, I think this is a great opportunity to buy in. Buy low in increasing increments and HODL! For day and swing traders; 1 HR chart looks like a good buy.
At least 1 out of 3 should be right, right? :) Let's see!
It's going to take something big for EURJPY to break this trend line and go through these EMA levels, but I'm bias for EURJPY to hit the Fibonacci 1.27 D. I'm thinking by the end of the month. Time will tell. :)