I believe the 1.1900 region looks promising before turning around. However, as brexit decision nears to October and the current sell pressure on the weekly chart, we would be looking to make a new low.
Based off my previous idea, this idea seems more logical. Inverted head & shoulders followed by a re-test of the neckline. The exchange rate also shows a 50% retracement and candles getting smaller and wicks getting longer suggesting a decrease in momentum.
-Long wick formation on support suggests going long until 1.22040 and rejection of TL back down.. or market re-opens and pushes through support to continue short.
This coincides with my EURGBP analysis, as GBP loses its value, we'll see the opposite for EURGBP.
In the past I've often left trades and forgotten I had them open.
It's ALWAYS ALWAYS ALWAYS IMPORTANT to place a Stop Loss and Take profit, for every trade you place, especially if you Day/intraday/Swing & Position trade. I don't often scalp and if I do I'm usually in and out very quickly in around 10-15 minutes.
Now lets say you place a trade, entry after...
After an injection of Tether back into BTC we are now looking to target our monthly resistance of $11,000, we also believe a breakthrough the 200 Day MA will act as new support until we continue up.
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This analysis is provided as general market commentary and does not constitute...
Hi, please let me know if there is anything incorrect as I am new to this and trying to find my feet.
Here we can see another test of the resistance line, if this bounces off again we can look to sell this pair.
All feedback is appreciated.
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...