ChartAddicts

ChartAddicts

Reading price action we can see that USDJPY has shifted up in momentum creating higher highs and higher lows. The price has now broken previous areas of interest and is now testing as new support. Reading the structure we can see the price is creating an inverted head and shoulders in confluence with a flag formation. Notice how the price has failed to break this...

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Reading the daily time frame we can see price is on an uptrend creating higher highs and lows. Price has broken above a previous area of resistance and is now holding at support with signs of rejection. If the price manages to hold above 1.09000 we can see the price reach 1.11500 key psychological. If the price manages to break we must reevaluate price...

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EURCAD potential longs are based on the overall confluence we are seeing above. Price is in an uptrend and currently respecting an area of support. If the price manages to hold above this area look for longs back up to the most recent swing high of 1.37000.

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GBPNZD has created a beautiful head and shoulders formation. By looking at the chart above we can see price has cleared the neckline with a strong bearish shift. If price can pull back to 1.96000 with signs of rejection, we can look to sell this down to 1.87500. If price does not give us a rejection or if it breaks above 1.96000 we must reevaluate price action.

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*I am becoming bullish after the interest rate event and our upcoming transition to August. I believe $26,000 is a possible swing target and any healthy retracement within this daily range will serve as a good potential buy entry.* Daily: Bitcoin closed bullish today and just about met my expectations on how the day would go. There was interest in long...

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*Remaining neutral as we approach the Fed Event on Wednesday. We will likely see high volatility as we are approaching the end of the month/transitioning to August as well.* Daily: Bitcoin closed bearish today and has found its way back towards $22,000 as expected. This is a very important week for financial markets including indices, forex, and crypto. The Fed...

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*I am looking at possible shorts back towards $22,000. I believe this weekends structure will be extremely important in determining key levels and price direction for the rest of the month. It is very likely we will see even more volatility as we head into August.* Daily: Bitcoin closed bearish today while price has simply been liquidating orders created from...

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*Bitcoin is closing in on $24,000. I believe the structure we make between $24,000 and $25,000, will be crucial in our next move towards liquidity. I still believe we will see large shorts and this relief is pressure is only a minor, healthy correction.* Daily: Bitcoin followed up yesterday’s movement with even more bullish price action today. We saw price...

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*Still neutral in the short/medium term. We have had our largest daily closure of the month today.* Daily: Bitcoin had its strongest daily bullish closure of the month. What we are seeing in the price action is a continuation in bullish momentum. My original macro bias remains bearish but we may see a period of bullishness in the short/medium term. It’s still...

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*Short-term bias remains neutral. Price has traded into an area of speculation so id like to wait until closer to Sunday to look for a swing trade. I am leaning towards shorts next week but need to see more price action.* Daily: Bitcoin closed bullish for the second day in a row and has now retested a key trend-line for a third time. My short-term bias remains...

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*As you can see, BTC hit our full target and had a beautiful rejection from that level. I remain neutral in the short-term and will watch how price moves on the intraday going into tomorrow.* Daily: Bitcoin closed bearish and is now retracing back under $20,000. I had a bearish bias for some time but expected more structure and price action before we pushed...

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*Full targets hit (+2,600 pips), now looking to watch and wait until Sunday.* Daily: Bitcoin closed bullish once again and price has finally hit our full swing target. We had very good price action leading up to this move and it worked out almost exactly as expected. Now, price has hit a critical level and I believe it is possible for us to begin seeing a...

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*Another strong closure towards $22,000. The market is pushing higher and todays closure was a good sign for this continuation. My macro bias remains bearish and we will soon begin to look for shorts in the next week or two.* Daily: Bitcoin closed bullish and is now using $20,000 as a support level. This is a good sign that we should be seeing a continuation...

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*CA members were able to catch longs from $19,300. As long as we do not see a fake-out on the daily tomorrow, we should be on the road to 22k. From there, I may look at shorts at 22k or possibly 24k if we continue pushing higher.* Daily: Bitcoin closed indecisively bearish on a volatile day. Price traded down and created a daily low less than 20 pips under the...

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*Market has pushed higher and is now retesting the expected entry level ($19,200-300). If we can see the right price action I'll look to jump in from here. We are heading into the weekend, which adds a risk of low volatility and a slow market.* Daily: Bitcoin closed bearish today after having a push towards $21,000. The market is now testing support around my...

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*Remaining neutral, I want to look for buys but believe price has room to drop before that happens.* Daily: Bitcoin closed bearish and is testing support just above $20,000. If price can maintain this level and chart bullish, I’ll look to buy the market up to $22,000. When zooming out, we can see that Bitcoin’s macro-outlook is still bearish and the market is...

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*$22,000 is a likely target, I was hoping to see a dip under yesterday's low before the bullish price action we saw today.* Daily: Bitcoin closed bullish today and recovered from all the bearish movement from the previous day. We are closing in on $22,000 and I was hoping to see a bearish liquidity grab before moving higher today; this would have given us a...

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*May look for buys tomorrow if we can see the right price action. We should have more volatility coming to end the week.* Daily: Bitcoin closed bearish just under the $20,000 key level. We are currently building daily structure around this level. If we see bullish price action tomorrow, I will look to buy the market up towards $22,000 to end the week. It...