we should need some fundamentals on these for the move to work out,,,tho we can easily conclude that most retailers will be taken out...we will have to wait for a break in the market structure first....I'll keep you folks updated
we clearly can see the reverse HnS pattern and the break of a long withholding trendline,,,and a break of a higher high marking the end of the uptrend and the beginning of a downtrend,,,,safe trading fellas
We will have to go past the 2 support lines for a sell to be clear here...more updates after market opens
we can see that the dollar index is showing signs of selling on a short term and as you can seee with the ending triangle...we have approached level 5 which is a reversal level....we should be expecting the dxy to sell up to the lower trendline,,, the green one....the price is about 92.5
now if you have traded gold you know that it respects certain levels either the retailers trendlines or supply and demand zones or fibonacci retracement levels...but ideally this is as a result of the composite's man behaviour as highlighted by wyckoff. in this semi detailed analysis we see that gold is respecting a certain channel going upwards...but this is so...
This chart details the next points of interest on the bitcoin prices....a support that has held at 30k is expected to be the buyers hub and the fling point for the oncoming bullish trend....although really it is the apple speculation that will fuel this move....any buy orders should be keyed in at 30k...no other move is to be expected
So on this we will have to wait out the pairs momentum driven by the bears to wear out, and this is supposedly at 5. once we are at 5 we will look to take up positions which we will hold for a while.......i'll keep you posted
We can see on the chart how the pumps on this market have produced an impulse...and again we are now on a stage where we can expect a pump ...all we have to do now is keep tabs on the apple company see if they have something up their sleeves and then buy the stock .on this patience is the key... since the btc market is as well about to blow due to the bullish...
This chart analysis details the expected bearish move that will be viable as of 1.385 price retest. As shown on the ending diagonal..the final stage was reached and so the pair will decline...we have sell orders being pumped at stages shown with the dollar emoji. Some may consider them supply zones, which is okay but these are the points where liquidity is...
This analysis shows a roughwork of what we may be seeing on the dollar index....the completion of this wave is a long of a price of 93...more updates will come....keep in touch
The above the setup...shows the next move to be expected on dxy