Market extremly high risk please be aware from it these days and bitcoin playing the uptrend now with a tricky movments will crack scalpers
i have been studying all indicators and both sides possibilites to avoid the rekt and to clear out things ..
current wave on daily (C) that targeting 5k areas
golden cross sucssesfuly initiated between 200 ema and 50 ema...
As we've seen DXY has pulled away from a top area as we get ready for FOMC later in the US session today.
¬ Some key points to keep an eye on are the main levels that are marked on the chart.
¬ Also keeping an eye on any US data/news/reports that get released through the session.
¬ Going to be keeping an eye on how USD pairs are acting around the Europe and US...
We have three bias in the market to choose from... Up, Down or Sideways. When you choose to sell make sure you understand why this becomes a selling opportunity. When you decide to buy, make sure you have done enough to warrant your buy. And when the market is not giving you any clear direction, and as we call it, moving sideways or consolidating then stay OUT! We...
We can see price is currently sitting at a very strong resistance 1341.142 but price has been flying high for days, so we are expecting a slight retest into our support/resistance zone ( red box ) before price takes flight again and smashes through the strong resistance ( green line ) and hits our target area ( blue box ) this is the next key resistance area.
You can see a resistance zone ( green box ) and a lovely trend line ( TL ) that price has been following and respecting as support for over a month, price recently broke through this TL and is now coming back up to test it as resistance.
Where price will meet the TL is also in our resistance zone so this is a STRONG SELL, line this up with the weakening USD at...
* Elliott wave analysis using Kennedy channeling. Coloured lines represent channel multiples (Base = Blue, Acceleration = Green, Deceleration = Red) and act as dynamic support/resistance.
* This chart postulates a wave 4 correction of the larger downtrend in play. Wave 4 is postulated as an ABC structure with wave C in progress.
* The Green shaded box represents...
Ascending triangle signalling bullish continuation.
Fundamentals are good, with an alpha testnet launch only days away.
Technicals support a bullish run in the near future.
Stochastic RSI suggests that we may test the lower resistance again before a major run, but this is not guaranteed.
Targets set at 50, 58, and 66 satoshis.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=142.2.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=141.95.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
USDJPY is currently consolidating while AUDUSD is forming a retracement pattern for a bullish run backed up with good expectations for tonights monetary policy.
We can wait for the pair to test the monthly trendline around 78.50 and enter for a BUY position!
The downward move is protected from both the 31&50 and 200 EMA