NrG_Capital

NrG_Capital

OANDA:US30USD US30 is rejecting a significant weekly resistance in confluence with an equilibrium level and 78.6% fib retracement level in the 25300 level. The 4hr shows a break from consolidation, although further confirmation (break of bullish structure) has yet to occur. Zooming into the 1hr timeframe we can see a clearer picture of broken consolidation...

NrG_Capital

As we all may know, Bitcoin is a highly volatile currency but regardless of its volatility it respects technical analysis better than fiat currencies in my opinion. BTC has for the past week respected a bullish trendline after dropping almost 70% in value. The reasons which I rely my bullish bias on are the following: -Weekly Morning Star formed between...

NrG_Capital

Long wicks have formed on the 2500 satoshi mark indicating a level of resistance. The level of support has been breached and became resistance, indicating a possible short term bearish market to retest previous support(green box) or trendline before further continuation to the upside. What are you all's thoughts, I am new to the markets.