CryptocurrencyWizard

CryptocurrencyWizard

What's up Traders! We are very close to a psychological number - 8000$. As we can see from the chart the first break out attempt was unsuccessful. Bears stepped in producing nice bearish Pin OB with high volume. Market dropped down to a near-term support that is also another psychological number - 7000$. Then bulls bought it back aggressively and we are now...

CryptocurrencyWizard

What's up Traders! Gold is not really easy to figure out at the moment. We are sat in the falling wedge pattern (it has a tendency to break out to the upside) + weekly trend line in combination with near term support. Bear in mind there is also a weekly bearish PIN OB so caution required if you are going long. We are not break out traders so for us patience is...

CryptocurrencyWizard

What's up Traders! After a long bearish sentiment, we have finally got our bullish impulse. Price reached a potential weekly inverse head and shoulders neck with price action supported by a huge volume. This simply shows that the big boys are interested in this level. Weekly Inverse head and shoulder pattern indicates the potential start of a bullish trend so...