Hey ho boys, Who's ready for a little pump to 5.3k? I sure am.
Price action is looking very similar to the July Fractal and I think we will repeat that.
This 5.3 level would hit right at the daily 50 ema which has been acting as a strong resistance over the last few months
Everyone and their dog is talking about 3k Bitcoin. Following the masses never works ...
BTC on the weekly looks very weak and will be heading down towards $5250, once we hit this I do believe then could be the final push downwards and we should see a fast reversal followed buy mass movement towards the upside.
EU Broke the support yesterday and went further down.
However its now starting to bounce off the trendline in the 4H time frame. If this bounces it will be significant so keep an eye on the chart.
TP1 - 1.147
If it breaks through the top then I will update with another TP
See comment for closer time frame.
These days we see a lot of people claiming that we are bullish
In my opinion we entered the downtrend channel again after a fake breakout on the daily close.
When we following up the daily close bottom line we will meet at 5500 USD again in some days.
At the moment we are touching the 0.5 Fib level which is a well known resistance for Crypto. Either we will see a ...
USDJPY Failed again yesterday at the 110 handle, a huge psychological level for the pair, it also sits on 61.8% fib from the jan to march sell off. we now have a double top forming, i have set a sell stop at 108.5, as if the double top neckline breaks we'll potentially see it fall to fresh 2018 lows. Have we just set a new lower high on the daily? could we be ...
Quite a few people are saying BTC is now out of down trend, however if we turn on log view in the bottom left, it still has not crossed the big resistance.
A lot of big traders use the log view, therefore if we cross around the $8500 range, I would then like to think we are out of the down trend and prices could rise quite quickly.
Any one that knows me, knows I ...
Financial news is something I avoid in general. However, the major events in the news like talk about war is one that I pay attention to. Wars generally sends markets south for a few weeks to months.
The markets have been very nervous of late as there has been the beating of war drums, to launch an attack on Syria. I'm not interested in whether there will be a ...