We can see that Bitcoin 1.42% still perform bearish after break down bearish confirmation level from our previous analysis
and now bitcoin 1.42% still inside bearish channel down.
but we can see that new bullish pattern also perform.
This is ascending triangle pattern,
if ascending triangle resistance break up at 6450,
and bullish confirmation line break up ...
You can see that rising wedge already break down,
we have support line at 7150, and support zone around uptrend support.
If 7150 able to hold bearish movement, our target at 7450 at ABCD fibonacci projection ,
with maximum target at internal pattern projection at 7500
Note : to understand more about this setup, check our video analysis.
Hi, today i wanna discuss about cylic analysis.
this is long term projection for "position trader", coz opening position not only for month, but for years.
In this analysis we focus to 6 years cycle,
you can see that EURUSD perform a big 15 degree parallel channel up, still not break for 39 years, and still valid.
If we look cyclic lines, bearish take 6 years ...
BTC reach support zone from 5799 to 6149
this is strong support for bitcoin.
If this support able to hold bearish, target at 7464 at fibonacci resistance
To understand better about this analysis, please check our daily video analysis
We already have swing trade setup here :
For intraday setup,
We can buy GBPUSD -0.06% right now, and aim for channel down resistance as temporary target.
If this resistance break up, we can set new target at classic support and resistance .
Check our video analysis to understand better about ...
As we can see, bearish still perform here,
but if we zoom out, 1.2858 are fibonacci 618 from october 2017 low to april 2018 high.
If this fibonacci point able to hold bearish movement, we have 2465 pips profit target at ABCD fibonacci projection .
This is long term setup, target will reach in more than one year.
to get more understand about this setup, ...
Yesterday bitcoin already break up descending triangle pattern at 7246 and this level also as our new support level.
this pattern projection at 14497 and this point also as fibonacci 618 resistance. This is perfect target for long term.
Descending triangle already reach target from previous analysis.
right now ETHUSD perform consolidation at classic and support level
As we can see that this area is not very strong support, since we see many false break down, and if it perform new low, (bellow 350), bearish will continue to reach bubble projection at 282 (still down 29% from current price).
BTCUSD *still in bearish
BTC perform descending triangle now (from bearish flag)
If support break down, this pattern projection at 5207,
and we have classic support and resistance level at 5471
While meanline is very near bellow at 4890.
1. this coin still perform bearish, and there is no any single bullish signal for now.
2. Even this descending ...
USD index broke middle line parallel channelup and hit resistance last week.
In this week, we have coorection to 94.54 with maximum down at 0.618 fibonacci retracement at 49.12
This movement impact to all major pair with :
EURUSD - Bullish
GBPUSD - Bullish
AUDUSD - Bullish
NZDUSD - Bullish
USDCAD - bearish
USDCHF - Bearish
USDJPY - Bearish
Good luck ^_^
EURUSD reach our previous analysis target,
now Head & Shoulders pattern full perform, we can take short position at neckline retest at 1.1671
and target at 1.1498 or maximum target at Head & shoulders projection at 1.1238
GBPCAD perfrom bullish flag pattern, we can set buy from this support flag and aim for bullish flag projection at 1.7363
Consider it failed if 1.6838 break down
If pattern failed support level at 1.6771
Audusd inside channel up and almost hit support trendline. If support touch,, we can set buy and aim for resistance around 0.8423
As we can see at previous wave, this pair perfrom falling wedge before hit support, and now it perform same pattern again. Break up this pattern will be very ptofitable
#ABCD fibonacci retracement
at 2017, ...
BTCUSD hit second 0.618 fibonacci retracement, inside rising wedge pattern. This price action will trigger bearish three drives pattern.
To complete this pattern,, 6449 will be bullish target from 5565 at fibonacci 1.414, and prepare for bearish correction after target reach to 5391.
EURGBP perform nice bullish wave with channel up, if this channel break down we have support at 0.886
from this position we can set buy order with target at 0.9096 and maximum target at 0.9245
NZDUSD hit support channel down, we can set bullish from this position and aim for 0.7135 at resistance channel, and if this resistance break up, we can set more higher target at 0.7320
Take buy position in bearish wave is danger, use tight stoploss for this setup
EURJPY hit resistance ascending triangle pattern, we can set bearish and aim for 131.79 at classic support and resistance and 0.382 fibonacci retracement.
If this pattern still follow the cycle, we will reach target at this friday