With the price of ETH currently at the support of both the 100 day SMA and the trendline of an ascending triangle (which is a reversal sign in itself), this price area presents a high probability of sparking a rally in ETH.
This throws a bit of a spanner in the works with regards to GBPUSD short.
We saw consolidation on resistance before then breaking upside during the eastern, leads us to think GBPUSD might follow suit. Again a little more confirmation, upside or downside break and retest to offer us what we are after.
I used a “Price range” to measure the difference between the highest and lowest MACD histogram for BTC on the 1D chart for the following 2 periods.
I picked the top of the previous BTC rally and the bottom of the subsequent dip (ie. 9-22 Jan) as one period to take the MACD measurement.
For the second period I chose a similar period, ie. the top on 22 Feb to the...
Yesterday we saw price testing our marked support level at 1.2650. We've seen this level hold and buyers takeover today with a strong looking bullish candle so far. Will price rally up to our top trendline and see a potential breakout?
I can see BTCUSD coming to grab some liquidity below the 50% fib level as illustrated on the chart. Buyers still very much in control of course, so I will be looking for buy entries around this level if price reacts the way I predict.
Not normally one to focus on crypto but the start of the year has been crazy and there really seems to be no ceiling at the...
Watch this stock as there could be massive gains. If it starts to go up, follow it up with a trailing stop loss. We could be seeing a formation of a bull flag pattern, so look out for confirmation with a break to the upside.
Tesla news everywhere last week with their stock price smashing through 2000.
Will it keep going up I read?
Shall I buy now?
Is it too late to jump in now?
Who know.... nobody knows.
But to me, as soon as the news starts talking about it the fear and greed scenario could kick in - just like BTC at 20k?
The people late to the party will jump in and then...
We could see a Break and Retest scenario to the downside considering a huge Bullish rally has taken place already. So far we see a confirmation of Quarter Level respect. Yet to await further confirmation.
gbp jpy consolidated after rallying from daily demand, however price rallied up from there an created new demand zone. Waiting on price to consolidate at the current demand zone so I can enter on the rally.
I guess 56 hours of non-stop analysis payed off
in a form of followed 56 hours of pleasant observation,
of how the forecast predicts
with 95% precision all the price movements)))
Now this is the time for the bulls to get into play.
Probably on Monday, or even in the following 4-5 hours
we will observe a huge price.
A lot of confirmations kicked in,
A lot of news coming in, and we have seen some volume ,
but neither we were dropped nor rocketed.
Now the bulls are protecting 7400 pivot - just like on the 5th of Dec 2019.
While the market repeats itself(see the chart since 27 Nov 2019),
traders are making bets if it will drop again just like on Dec 9 2019.
I'm still bullish with the buy positions in, but...
Remember what happened earlier...
1. We have been continuously defending 7200 pivot,
and all the shorters in the world couldn't bring us down to 7100!
2. All previous bearish moves, all consisted out of typical correction forms
which proves that bears finally lost their power.
Bitcoin is now considered cheap if it is sold at 7200.
3. We have been experiencing a...
7200 is anchored(strong-strong resistance below), now looking for a 7300-7400 confirmation...
All timeframes are screaming BUY signals but the 4H-1D(expecting them in a day or to).
Just one or two more (1-2%) corrections and the bulls will be set free for the corRrRrRida!
Something big is coming...