kfrivaldo

kfrivaldo

What a good time to short Bitcoin down to 776.19. Momentum has now shifted to bearish side forming bearish engulfing pattern. But I am still bullish on the long term. Bitcoin is like electronic cars, soon people will choose e-cars over traditional cars (powered by gasoline). Bitcoin will likely be use be many and will start to incorporate with our daily life.

kfrivaldo

1. A good buy entry if price breaks above 118.850 with T.P. @ 121.480 with S.L. 116.500. 2. A good sell entry if price break below 115.990 with T.P. @ 110.880 with S.L. 118.800. Here are the factors that may move the market for the week. Alternatively, check forexfactory.com calendar. Jan 10 Tuesday, JP bank holiday Jan 12 Thursday 9:30pm SGT, US-Unemployment...

kfrivaldo

1. A good buy entry if price breaks above 1.05900 with T.P. @ 1.07800 with S.L. 1.04630. 2. A good sell entry if price break below 1.04100 with T.P. @ 1.02020 with S.L. 1.05150. Here are the factors that may move the market for the week. Alternatively, check forexfactory.com calendar. Jan 10 Tuesday 6:00pm SGT, EU-Unemployment Rate Jan 12 Thursday 9:30pm SGT,...

kfrivaldo

1. A good buy entry if price breaks above 0.73300 with T.P. @ 0.74500 with S.L. 0.72700. The market has retested previous (last May of 2016) support level 0.71700. If the price continue to go up and break 0.73300 level, the bulls are in control and may possibly test the 0.74420 level where prices consolidates during November 21 up to December 05. 2. A good sell...

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Psychological level 116.00 is 85 pips away 116.00 has been a past support level MACD line has crossed over MACD signal. The strong bull run is about to have correction long above 116.50 short if 116.00 is not broken with confirmation from bearish candlestick formation

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Possible retracement @ 0.7450 before bearish bias continues If 0.7450 resistance level will be broken, the next resistance level will be @ 0.7530 followed by 0.7580 R3 - 0.7580 R2 - 0.7530 R1 - 0.7450 S1 - 0.7265 S2 - 0.7185 S3 - 0.7130

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Sell Limit 0.7610 and a good strong support S1 @ 0.7495 S2 @ 0.7450 S3 @ 0.7400

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Price Action - previous candle (in W1) formed bearish engulfing the opened by a huge gap. MACD - still in bullish formation RSI - still in bullish formation this near-term bearishness is possibly a correction or consolidation for what might be a long-term bullish run.

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Price Action - Bullish engulfing with another bullish candle. A break (on D1) above 1.1096 is a strong bullish breakout MACD - Below the 0 (center line), but is weakening. Thus, this may signal bullish continuation RSI - Above 50 and a lot more room for bullish move

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Bullish Bias nearly reaching 0.7774 resistance

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Here is what I am weekly Analysis for October 17-21