baigxy

baigxy

The btc hit the resistance trend line as I mentioned in my previous analysis and at the moment the price is testing the next resistance level, if price pullback then price can fall back to support level of 29k.. the support line around 28-30k holding the price above for quite long, Therefore, Take caution as price can pull back or go above the resistance...

baigxy

Price currently pulled back from the support line and it'll test the first resistance and if price breaks it then it'll go long and test the 2nd resistance line. if price does not breaks the first resistance then it'll most likely break the support and next target would be around 28K. Price is still consolidating so it best to stay short Good luck everyone

baigxy

This is another update from my previous analysis, the price is pulling back from the support and now it'll most likely test the resistance trend line, if the price break the resistance trend line it'll test the next strong resistance, we stay short to stay safe. my last analysis good luck everyone...

baigxy

Overall the price is testing the 200ma in day time frame so we can expect the price to cross below 200ma, we are in just in middle of consolidation in 4hr tf. In 4hr tf the price pulled back from the resistance line, pull back from 200ma, therefore chances are the price can start descending to lower low. Best to stay short as price is still consolidating.... good luck

baigxy

Looking at the day timeframe the price has been bearish for quite long, the 4hrs shows price has been oversold by looking at Rsi as I highlighted at bottom of the chart, so taking this position requires alot of caution as it is at point it can break the resistance since it couldn't break the support. Therefore, there are high chances of a new uptrend channel...

baigxy

If we see day timeframe graph there is 2 high impulse bullish candle at the moment, however the price across below 200ma in day tf, therefore we may see bearish price in future but for now its best to stay short due to bullish candle, the price is almost reaching the strong resistance line and we take our position when price pullback from resistance.. Goodluck

baigxy

Its end of week and we see USD getting stronger against most of the currencies... We see now the price has across below the 200ma and then pullback from support, now its testing the 200ma and now currently its pulling back from the 200ma.. by next week we have higher chances of breaking through the support line and forming a downtrend channel. Goodluck...

baigxy

At the moment the USD has been bearish this week and its been oversold in Day time frame. In this 4 hrs time frame we can see the price is testing the 50ma twice and there is high possibility a new channel is forming making an uptrend long position. The price pull back from 1.2589 approx' support line... therefore we have buy position opportunity as long our 4hr...

baigxy

AUDUSD has reached the resistance line, the price has acrossed 100ma, therefore there is high possibility of new downtrend channel, it'll most likely across below 100ma again and break the support line. Good luck

baigxy

Currently price is testing support and it'll most likely pull back since the price is oversold The price has cross below 200ma so there is high possibility of long sell position further ahead. There is a descending triangle which also confirms the price most likely break the support.

baigxy

After gold price hit above 2000, the price kept falling step by step, now the price is crossing the 200ma which show there is high possibility of bearish channel forming for long term. What we could see ahead is lower high and lower lows in downtrend position. Good luck trading.

baigxy

BTCUSD - has reached around 42k, we see the day candle that made a bullish movement to 42k didn't stay bullish at all and there was strong bearish pressure and as a result we see sudden fall around 30k. BTC made another attempt to reach 42k but couldn't. Therefore, I think there is high possibility we can encounter a bearish channel... Good luck

baigxy

Looking into Weekly and daily chart we have somewhat Symmetrical Triangle, price is currently consolidating in 4hr tf to Monthly tf, price can still continue consolidating for few weeks good luck

baigxy

The price did not cross above 1960 resistance and the price fall to support level at 1976 area, the next resistance level is around 1977 only if it breaks 1960 resistance. Good luck everyone....