All important things are on the graph, I see a nice cup and handle forming. Breakout looks to be imminent.
ENTRY: $1.13 - $1.12
STOP LOSS $1.11-$1.10. 2 Cents beneath whatever you brought in at.
Anyone who followed my POWR trade yesterday, wowee!
After the second round of the 2017 Frenchelections profit taking put the EURUSD under pressure. Price is now resting in the support area and potentially form a double bottom
Observing the most recent downtrend line for a rally continuation
So, the kingly discipline in bitcoin, aside from estimating WHEN a rally might start, is of course predicting the top of the rally.
I should add that I think it is utterly improbably to predict anything at all with a high certainty in bitcoin, since bitcoin is so young and we don't have enough data. But I'll try anyway :)
I looked at the previous rallies and...
After the release of news yesterday we seen the U.S Dollar move lower surrounding speculation and uncertainty.
I have broken down this pair looking at it long term and we have two scenarios
1. A possible rising wedge, a break of support "1.2900" and we will have a clear bearish continuation with sellers looking to break "1.2500" and then attack "1.2000"