As we saw in all traditional stocks every single market is going down. I'm sure that crypto whales are pushing price up in order to get more fiat to push it down again and see how the market reacts.
I expect during this week a crash of BTC going down.
Volume of buy its really low so its an indicative that bitcoin have no power to keep going up.
As i can see on this pair price made a move down towards the support @72.322 it slightly broke this point and move down to the blue line @71.997 and this is where i have place a buy limit order so if price makes a move down again which i think it may do i will get an entry on this pair. i have set a 50 pip SL to giving price a bit of room to breathe.
My chart below, (see link), still stands for a long term view, the crypto broke above the fractal and needs a correction, this correction was quickly spotted and shown on this chart ending on the path of my origanal idea
1) The trend is overall downward on the 1hr. #TRENDTRADERS
2) There has also been multiple touches of this downward trendline
3) The upward smaller timeframe trendline has been broken.
4) It looks like price has come back for a retest.
This is a good risk to reward of 5
For my free shorter term signals___ the link is...
1) Price has been in a general downward for a while now on the longer term and looks like it may retest the 0.8320 area
2) Price is coming to the roof downward channel and we may see a reversal.
3) It has also has a bit of horizontal resistance at the 0.84700 level
4) The RSI is also coming to the overbought area as well as divergerence
This is a good risk to...
Gold rallied up on Friday to close 1571.7. I see at 1582 a possible pull back to the 1510 area, (watch for a break below 1557), but because on recent news in China, this now is less likely.
A break above 1582 should see a steady rise above 1600 reaching the Months 1611 high.
I do see soon a rise to 1700, the chart shows a small consolidation at this level, if...
GBPUSD got to the point when it's making a bigger correction just after the Weekly Trendline been broken.
What is that mean ? - It means that now we are waiting for a bigger confirmation pattern to form and once the pattern is finished, we will try to get in on the low and ride this beautiful big move to the upside.
Probably its going to take the...
Monthly and Weekly charts demostrate strong down trend. Daily and 4 hr chart indicate weakening buy signal and retest of previous 4hr lows at 1.108. Waiting for break and retest of current low (1.1) to execute sell trade.