No TA on this one, just having some fun and testing potential scenarios for bitcoin if the halving works out positively.
IF we drop further this year and remain in the bearish channel downwards, we could enter a 2nd cycle bear market which could inch the above towards becoming reality. Target here is $4500, the perfect accumulation zone.
This scenario is far...
Two possible roots to 0.94
Either get a retest of previous structure
or we will just consolidate in and around a previous consolidation zone and then move higher.
either way i'll be looking to trade the break of the consolidation zone
how safe is this spot to enter ?
is it likely to lose momentum and reverse or will it complete the run to the other zone.
to have profited one would have entered at the zone at the bottom and after the consolidation on the resistance line. 2 opportunities for a longterm trade. candle sizes remain consistent and healthy , next week continuation or not?????
After reviewing the chart for GC Futures, I believe there is prospect to the long-side. Based on the way I frame the markets, I would need to see a break (failure) of the opposing 61.8% level at around 1600 and then see a measured move long at a 50% level. Obviously smaller time-frames would need to confirm this at the time to be able to enter into any trade....
Although we have a short term bullish position in this pair, we also have a longer-term bullish play.
Our targets are shown and statistically positioned using our own risk management model. sometimes we change them slightly to adapt to market conditions.
Is Ripple fully loaded?!
On the chart showed a potential scenario in the long term but possibly we will witness a full XRP reversal very soon.
We are getting close to a strong support level so let's see will it bounces up for a long-awaited uptrend.
This is a long term prediction of the USDCAD monthly chart.
I am expecting the price to finish the horizontal cycle to the downside and retrace 50% of the impulse wave using the Fibonacci tool.
This is my probability for the USDCAD pair on the LONG TERM!
Interesting similarities and differences to the previous bear market.
We appear to have spent a few months between the 77-83% range, whereas in 2015 we only wicked into there before ranging in the channel above. (red circle - wick not visible on line chart)
Perhaps we do the same now and range between 4k and 6k for up to a year(?)
I do envisage we will see 6k...