Undoubtfully, the long-term techs and fundamentals are obviously bullish. My proprietary studies point out that we are in overwhealmingly overbought territory and the only way to avoid any major correction to the downside is that bulls manage to defend this support level. In such case the upper line of this bullish channel is the next objective. In the other hand...
My personal analysis shows Bitcoin currently in an +130% probabilities of being in a temporary bubble making it impossible to anlyze traditionaly, thus, I use a proxy -in this case- $GBPJPY to get ideas. (if you are interested you can check my previous post for further details on that analisys). Making a pure personal approach using this very personal and unique...
A typical mixed-stage setup signaling an equilibrium between bears and bulls Fundamentals and price action are clearly bearish while major techs are pretty much neutral. We switched from a very bullish outlook to a neutral one after this week price behavior. We might expect that bulls will try to defend this price action support to eventually break the descending...
Basically, super-bullish. Political Brexit risk is not over -although some people think otherwise- so we have to take precautions considering longing this overall because of the overbought condition and the price action resistance zone that would allow some retracements to the bottom channel trendline. Bulls will continue controlling the situation while the price...
$GBPUSD FX_IDC:GBPUSD is entering into a deep, solid and potentially long consolidation zone. Major techs are bullish, although they have been severely hit by latest bearish price action guided by Brexit latest news. This zone should slow down the bears but it might take several candles to consolidate. While price action stays inside this falling-wedge and below...
FX_IDC:EURUSD A very complex situation for bulls: Major studies are bullish although weakened severely today while price action is likely negative at the moment. While 1H MACD stays negative and the price is below 1H 200MA risks to the downside continue overall because apparently, significant support lays well below @ 1.1750. Unless the steep downtrend line is...
Likelyhood that bulls just took back control of the market Long @ 11,400 SL @ 9,000 TP @ 13,500 BITMEX:XBTUSD
The market managed to break above 120.60 area putting back again the bullish sentiment intraday, although major timeframes show a still fragile bullishness. If a mix of hourly studies plus price action revealing the intentions of breaking the shown supports could lead to further losses while if market manages to keep up with the pace of the steep bullish trendline...
Entry @ 10,900 TP @ 10,000 SL is not set. If market continues bullish i will average position to the upside later on. Regards.
FX_IDC:GBPUSD Cable is obviously tech-bullish in major timeframes across the board. Problem with this is it could be probably overbought by now and the necessary breakout to be sustained to allow further gains is way above facing besides price action resistance. On the other hand, an important support level lays below allowing at least a bit of retracement. Trade...
Although $USDJPY is tech neutral now, there are some longer-term studies pointing further gains to the upside. In the other hand, the latest US political risks added to the bearish sentiment on Friday, being able to break a good support in the intraday. If the market fails to platform a jump from the latest support test convincingly above the 112.4-112.6 price...
goo.gl goo.gl Today, the overall USD sentiment was bullish as a continuation of latest hype on the tax-reform that POTUS will present in the next future. What also helped the USD bullish sentiment is the expected good outcome of this weekend’s meeting between POTUS and Japan’s Prime Minister. One exception was the USD/RUB: USD lost 1.25% against the RUB....