After breaking several DEMAND levels even on H4 timeframe, BTCUSD is now ranging as previously predicted. Trying to form a SUPPORT level if that could sustain its heights again. On weekly time frame, price is currently on a long time formed UNTESTED SUPPORT level and below it is another supposed support point at 18k--- However, according to the drawn path...
In view to my former Idea posted with a path drawn on it ( Downward ) as seen on this current chart, BTCUSD has completed our previous prediction and now what? Currently, the price has moved lower to 32k--- and found in an UNTESTED SUPPORT space drawn from 23rd of Jan. POSSIBLE MARKET MOVES; Technically, a move into the small circle below which indicates...
Obviously, price of EURUSD is now found ranging in between an UNTESTED RESISTANCE line and a several times TESTED PROVEN SUPPORT line. Moreover, we are waiting for a break in either of the two touch points! According to the CHART, a circle is drawn right below the PROVEN support line which indicates a bearish determinant i.e is the price is found anywhere in the...
EURUSD seem to be finding a SUPPORT base @1.04742 after a longtime fall. Today we were supposed to experience a surge volatility in market ( NFP ----- After an increment in the rate of Employment in other sectors aside farming ) but no serious movement despite. POSSIBLE MARKET MOVES; Well, pressure still remain beneath and Bear still in charge. mind you,, a...
BTC took chances on USD yesterday regarding the FOMC statement moving little bit higher to @ 39k--- Well, right now the price just broke bellowing destroying a PROVEN support level and that could me a further fall to the next DEMAND point at 34k---- Check path drawn on the chart and POSSIBLE MARKET MOVES region For an investor, its not a good time to buy !
The BoE is expected to hike its policy rate by 25 basis points for the fourth straight time in May. The vote split could provide a key clue about the rate outlook. In regard to that, price as turned away from the RESISTANCE level and we expect #EURGBP to go bearish uptill or beyond @0.84180. NOTE: observe all risk management measures !
#EURGBP rises ahead of the -BoE Interest rate announcement. In less than 2 hours to the release of rate, price of EUR to GBP is currently found close to a RESISTANCE level @0.8463 formed from 27th of Apr leaving behind a weak SUPPORT level @0.8398 on H1 timeframe. However, More hawkish than expected is good for GBP i.e there will be a highly DEMAND is GBP
In reaction to the statement released by FED chairman (FOMC) EURUSD price moved higher breaking a resistance point @1.05957. Its been 3 hours after the FOMC statement, EURUSD is gradually moving above the previous red line toward a former RESISTANCE line @1.07387 . Besides, looking at the fib indicator 50% level is yet to be touched .
BTC price is found having a slight and quick turn back from its bearish moves cause of the FOMC statement release by FED. Could this be a change in trend opportunity for BTCUSD? Well, price is currently on a previous formed RESISTANCE level @4k---- from 26th April 2022. That restriction level could be an end line for its soar powers !
EURUSD has a very slim chance of going higher ! From my last analysis, you will find out that the chart found a support level @1.047 and coupled with some economical data favouring EUR at that moment it went a bit higher but GUESS WHAT ? on H1 CHART a VERIFIED Resistance level has been formed indicating double top ( check posted chart for better understanding...
Fortunately and unfortunately the price of BTC to USD is moved below destroying a demand barricade @38,000 . Right now we look forward for a further fall which means investors are advised to hold on buying BTC
On my last video, I made us understand that it was not a good time to buy because to buy means a change back in trend and the trend has not changed until a certain RESISTANCE or SUPPORT level is broken! This video explains explains further direction following the drawn paths .
Bitcoin seem to be going away from our previous plan but yet its not giving us a buy signal . This could be a manipulating look from the market . Our BIAs still remain bearish ! Analysis using SUPPLY & DEMAND and TRENDLINE !
EURUSD candles has broken another verified support level @1.079 meaning that the market is still very much on a bearish movement . POSSIBLE MARKET MOVES Further downward movement til l1.06200
BTC price currently @38k . like i predicted on my last chart looking at the drawn parts .... we are expecting a further fall. its not a better time to BUY expect for any unexpected event or News .
Trying to form a demand point but still very much pressure downward !
BTC is resisted twice @48,000 making that region a verified Resistance level. BTC might have to retest 45k before a further pump.
EUR/USD: Bears eye 1.1300 as USD bounce back in the midst of expansion fears EUR/USD remains compelled beneath 1.1350, uniting the greatest day by day gain in a month. US NFP frustrated the dollar bulls yet wage shock kept the Fed falcons alive. Eurozone expansion hit a post-pandemic high, as ECB policymakers stress over energy costs. Eurozone Sentix...