Hello everyone, I will be selling GBP/JPY near 187.665 that's where the pivotal area is at and that's where it should retest the downwards trendline. My target will be at 185.998 (Daily D Extension.) This pair should continue to drop much more. Will be updating chart with new target once trade is over. Stop loss will be at 188.105
Happy Trading :)
I'm currently waiting for this 1HR trendline going back to Jan 2nd, 2024 to break and retest. Once it breaks below the trendline AND closes below the pivotal point of 1.90458 I will then start placing sell orders. The Daily D FIB Extension is at 1.84685 so that will be my main target on the way down. I will be selling every counter trendline break opportunities I...
As expected, after the FED's meeting Bitcoin and the crypto market as a whole is now bearish. BTC hit the first target I had which was $26,940. Now with it retracing I'm waiting for a trend line break to the downside to enter into the market. My next target for Bitcoin will be at the FIB D Extension at $25,214 . Will update once target is hit. Happy Trading!
I personally think that this is the end of Bitcoin's uptrend momentum, for now at least. We just took out the Daily D extension for BTC at $27,735. I expect bearish momentum going forward from now. With the FED's FOMC meeting on Wednesday, I believe that they are going to raise interest rates yet again by at least 25-50bps which will cause BTC and the whole crypto...
I see XRP dropping to at least .31 cents before shooting back up. The reason being is that the hourly D extension hits .31 cents. On the daily time frame, XRP is still extremely bullish. If you've been waiting for a time to buy more XRP then at .31 cents will be a great time to do so. I'm in it for the long haul so I will dollar cost average if I see lower prices...