salar_trader

salar_trader

The key support level for BTC is a range of 17649-18460 $. On the other hand, Relative strength index shows weaken buy situation. Caution: Markets are not predictable and they only reveal current price movements.

salar_trader

The famous metal named gold struggles in the wave c components on weekly chart. Caution: All presumptions and analyzed symbols are not guaranteed.

salar_trader

Classic view shows that the bullish market continues to perform higher prices for USD just near the middle line of channel. According to wave analysis, there are waves 1, 2 and an extended wave 3 with a possible wave 4 completion. So the big picture indicates that USD is still more powerful than Japanese yen.

salar_trader

Uncertainty with the possible bullish market is obvious in 4h time frame.

salar_trader

Use multi time frame analysis and be careful. corrective movements are noises of price on big picture.

salar_trader

Gold is in ABC correction pattern which is not completed right now.

salar_trader

An extended wave 3 is seen while wave 1 derivative of wave 5 is in the last steps.

salar_trader

The fake break out of Gold makes it easy to understand that there is a tendency of sideway movement of price.

salar_trader

The downward pass of Euro looks like wave A of an ABC structure. Also there is a similarity between Euro and DXY momentum.

salar_trader Updated 

The big picture of this major pair indicates tendency of correction toward the middle line of bullish channel.

salar_trader

The equality of Euro against AUD keeps under pressure after corrective reaction regarding the previous trend.

salar_trader

It looks like down trend may not be persistent, especially when the reversal point is not far from price.

salar_trader

It looks like down trend may not be persistent, Especially when the reversal point is ahead.

salar_trader

BTC has already slipped down and confronts with minor resistance zone which is in synchronization with the alert line of modified schiff pitchfork.

salar_trader

Daily time frame represents primary market direction of cryptocurrencies, so be carful about the time frame you do your analysis.

salar_trader

Do you believe in correlations between currency pairs? have you ever learned about these techniques?

salar_trader

Have you ever noticed weekly changes of Dogecoin? Is there any pattern indicates that wave A of super corrective pattern is going to be shaped?

salar_trader

There is a tendency of slight downward reaction of BTC which means the end of flat pattern on weekly chart is ahead.