Bitcoin definitely has some work to put in before we can comfortably and realistically say we are back in a bull market.
A rejection on/around the 20 EMA area (Blue line) is the most likely scenario in my eyes + we have bitcoin forming the mother of all H&S right now so there is a possibility that could play out to the downside, If that happens we could be in for...
The 20 EMA line will be found around this level at 36k USD acting as a fairly strong resistance now + this will be tying in with the double top located to the left of this area as well.
We also have some quite familiar price action to the last false breakout we saw around the 13th of June, I'm speculating we could be seeing something similar here in the coming...
". There is a possibility of temporary retracement to the suggested support line (0.6406).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. NZDCHF is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic...
Just follow the whales
For what I am used to see, to trade on, the BTC shows signs of consolidations and is not going to go any lower. Prices are driven by huge investments from privates investments companies such as MicroStrategy (more than 100.000 bitcoins at a market price of 29,000 USD). This resistance of 29,000 has been retested a few times and I doubt the...
". There is still a possibility of temporary retracement to the suggested resistance line (0.7562).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
. AUDUSD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which...