HI, learning trader I have drawn support and resistance starting from a monthly timeframe.
Looking at the daily timeframe I can see price is approaching strong montly resistance and bullish momentum is decreasing as shown by a longer wick on the most recent candle
I believe this is a potential short once we get conformation.
please leave critisim
Looking at all three runs within Bitcoin so far, these have increased in the following order:
The upper and lower bounds should be taken into consideration for the next bull runs.
It may well be the case that the next bull run exceeds these limits due to mass market adoption.
At this current time Bitcoin has seen an...
Based on a hypothetical point in the cycle called 'Current Period' on the above chart, what would happen if we plotted the same behaviours (percentage increase and duration) from the last two cycles.
Firstly I would pick a beginning point to define the start of the bull run, termed 'Estimated Start' in the above chart.
I would then plot the % increase with the...
EURUSD demonstrating bearish momentum with the price consolidation (Bullish price becoming more narrow) which represents a weakness in the bulls. We have a channel as seen on the chart with 5 waves complete with the formation of a bearish belt hold formation. 1.100-1.1100 being a key holding area we can expect price to fill the gap which is a 50-61.8% retracement...
NZD/USD has been down trending since January and it finally reached a significant event area which previously acted as a support with a one leg touch. The market is playing the perfect role for a retracement, we've had strong momentum outburst on the sell direction the past couple of days and that's most likely constitutions pushing the market down to catch all...