Bitcoin could pull back to $36,000-$40,000 and still be bullish! Right now, Bitcoin tagged the .618 fib at $43,700 with a little overshoot along with bearish divergence on lower time frames, so a pullback is possible. $40,000 will cement itself as a significant support level as the Daily 21 EMA and the .618 fib ($29,000-$69,000) are both located at $40,000....
Hello traders and fellow Wojaks! This is a long term forecast on USD/CAD. This is NOT a Day Trade setup.
- The Weekly EMA Ribbon is bullish (blue as opposed to grey)
- USD/CAD has been forming higher lows on the weekly timeframe. Pairing this with a dragonfly doji bouncing off the EMA Ribbon serving as support.
- Using Fib Circles, the parabolic move in USD/CAD...
Hello traders and fellow Wojaks! This is a long term forecast on EUR/USD. This is NOT a Day Trade setup.
- Despite the spike up this week, the Weekly EMA Ribbon is still bearish (red as opposed to blue)
- EUR/USD has been forming lower highs on the monthly timeframe for years dating back to 2008.
- EUR/USD is playing out the same Weekly Bearish Divergence on the...
