August jobs report revealed a still robust labor market, despite some signs of deterioration. As a result, the dollar became stronger than the euro.
The EUR/USD has broken several trendlines since its mid-August fakout.
The red trendline is a major one. It rejected price last week.
The EUR/USD is also testing the 200-day SMA and a 6-month trendline.
Upon...
✅USD_CHF has been growing recently
And the pair seems locally overbought
So as the pair has approached a horizontal resistance
And failed to break the level
Price fall is to be expected
SHORT🔥
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Is this the charge we have been waiting for?
I personally see no real change in USA economic sentiment to warrant a reversal. I think it's more in play to revisit the wick down at 25000ish
We had a VERY similar Bullish move during the bounces off 45k in December./January We all know how that ended up.
My SPOT holdings i've loaded in the past week are happy...
At this 4H update, we are looking at the previous trendline that broke and it seems that it was just a fake breakout and hitting stop loss of bears that were looking for a price like 60000$ to sell.
But we should also consider that BTC is really bullish and also it can look for new ATH here if the price retest this broken trendline and start to pump hard like a...
BTCUSD update: Price has made a dramatic lower low at 7665 and is now right in the middle of the 8171 to 7239 minor support zone. Even though the short term momentum is now clearly bearish, it is very important to not lose sight of the location of this price action.
In my previous BTC reports, I wrote about quiet markets being a sign of possible strength, and...
