Bitcoin dropped for the fourth day in a row yesterday, with the price derailed an important intermediate support around $7,400. The coin refreshed April 12 lows at $7,260 and trimmed intraday losses by the end of the trading day. During the morning hours Friday, BTCUSD licks its wounds in the $7,600 area but remains vulnerable to further losses.
This time, ...
Digital currencies suffered badly on Wednesday, with most coins lost over 10%. Bitcoin broke below two important support levels at $8,000 and $7,800, and refreshed multi-week lows around $7,400. The coin is attempting to stage a recovery Thursday, but the impetus looks limited so far.
The technical picture has worsened significantly after a break below the ...
Last post: April 22nd. See chart.
Review: Price had failed to break and close above January 2015 and the weekly 200sma resistance zone.
Update: Price is now trading below the daily 200sma suggesting an overall bearish market.
Conclusion: We will be looking for shorting opportunities if this weakness continues.
Any comments or questions, do not hesitate to ...
The greenback is back on the offensive across the board except for the yen and the Swissy which are in demand amid a broad risk aversion on the back of negative Trump’s comments on trade negotiations with China. The dollar resumed its ascent after a recent mild correction, and the bulls seem to be ready for another attack.
The short-term direction in USD ...
Hi guys,
there are several reasons why i'm going long on this pair. For starters, price is testing a very important structure level that you can see both on the daily and weekly timeframe, and in doing so it's creating a nice divergence on RSI on the daily. Moreover, if we lower a timeframe, we can see on the 4HR that we have two engulfing candles (one after ...
Head & Shoulders Pattern forming...
Pink box - if price returns back to that area after the H&S formed and hit target then be ready to set your sell limits as thats when the banks put their orders (from the righ shoulder)
Hi guys,
this is a simple trading setup. It all starts from higher timeframe, specifically daily, where we have a downtrend and a retest of the broken support that could now turn into resistance (yellow box). Given that, we all know that this is a key place to look for trading opportunities because it could yield great results with the help of the master trend. ...
Last post: May 20th. See chart.
Review: A breakout was required to suggest a trend continuation.
Update: A breakout followed was confirmed and further bullish moves have taken place.
Conclusion: A move towards 6.0000 with further opportunities to compound is now probable.
Any comments or questions, do not hesitate to leave them below. Hit agree if you ...
BTCUSD trading range has tightened severely lately, with the pair is stuck between $7,800 and $10,000 since mid-April. But on Wednesday, the coin came closer to a major bearish breakout as the price dived under the critical $8,000 mark for the first time since April 19, down 2.1% on the day.
One of the reasons behind another leg lower is market nervousness ...
EURUSD is heading down towards the weekly support at around 1.16414 then I expect that it would then go back up towards 1.20850 and could then either form a head and shoulders pattern or could go over and continue to go up towards the weekly resistance area at 1.25701.
Looking at the indicators such as the RSI and Stochastic also on the Weekly chart, the Rsi ...
I never traded NZD pairs because i never made profits from them but this setup here is looking lovelyyyy...
Buy Stop - 0.69500
Stop Loss - 0.68800
Take Profit - 0.73300
Crude oil prices refreshed late-2014 highs during the Asian hours on Thursday just below the $78 threshold. Now, it looks like Brent takes a pause after an aggressive rally on Trump’s decision to abandon the nuclear deal with Iran. After this step, which was widely expected, traders started to price in new sanction on Tehran and therefore the decline in Iranian ...
Hi guys,
i've been looking at this pair often lately, and i'm still looking to sell this because i think we need to see a relief rally before eventually continuing to the upward direction. At this moment, we're testing a very strong resistance level, both weekly and daily, and we're doing so in overbough condition (heavy overbought). On a lower timeframe, such as ...
Hi guys,
today i want to talk about why i'm going long on this pair. Starting from our daily analysis, you all can see that price is testing a former level of resistance that now can turn into support. In addition to that, we can also see the RSI is in oversold condition and the price has created an harmonic pattern called Gartley. Going down on lower timeframes, ...
Looking for this to retrace back 50% fib to around 151.238 before we drop down to 147 again. Have a great trading week guys and RISK MANAGE AT ALL TIMES... Non Farm Payrolls are also this week so expect high volatility as usual.
& Shoutout to Benji @pipseyhussle for showing me how to use Fib retracements ahaa
