The price action of Bitcoin is relatively boring on the higher time frames, why is that? The answer to this question may be that summer is almost here, and statistically, Bitcoin has been going sideways pretty much every summer. Usually, the fun begins in August/September, when the volatility comes into the market. What can we expect from Bitcoin in the...
AD running a bearish cypher pattern on the 4hr. Also money flow/AD peaking with price action. Price action also hit my 1.618 fib level which is bearish. Money Flow and AD needs to breakout above b leg, however the down trend looks In tact. Short term bearish outlook.
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BINANCE:BTCUSDT has been showing bullish prospects all week and has been consolidating above key zones, preparing to go higher, but on Friday the market changed to bearish and there is a reason for that. BTC lost 3.3% on Friday and is currently painting a bearish picture. There are two reasons for this: Inflation related news, basically proving that...
Hello traders ,what do you think about GOLD? On Friday, gold entered the correction by reaching the resistance zone of 2380. The correction is expected to continue until the specified zone and then grow to the specified levels. CPI data this week can be the driving force for gold If this post was useful to you, do not forget to like and comment.❤️
GBPUSD is moving in a descending channel near the upper boundary. The volatility of the price movement decreased when approaching the channel boundary. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the...
Price is falling towards a support level which is a pullback support that lines up with the 61.8% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 0.1446 Why we like it: There is a pullback support level which aligns with the 61.8% Fibonacci retracement. Stop loss: 0.1362 Why we like it: There is a pullback support...
Hope all of you having a great weekend, Today we will be having a look at GBPJPY, the pair was extremely bullish since January as YEN plummeted at the record low. BOJ decided not to change its interest rate policy and decided to kept the rate as it is, leading fear within the investors which lead yen to plumment even further. However, price dropped significantly...
As mentioned in previous analysis, I believe the breaking of 60K to be important for BTC. If it is important, we'd be in a bull trap now. Currently we have to classic 76 retracement along with a butterfly correction pattern. Trying a fairly large short on BTC now. Expressed through shorts on BTC directly, OTM puts on COIN and OTM puts on MSTR. If the break...
PEPE has formed a nice bull pennant, and now is the time to keep an eye on PEPEt! If you're looking to trade PEPE at the moment, here's a quick setup that you might find helpful! The idea is: Buy when the price breaks above 0.0000084$ and take profits at the levels shown in the chart. Targets: 1. 0.0000088$ 2. 0.0000093$ 3....
Pair : EURUSD ( Euro / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves Demand Zone Falling Wedge as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line Break of Structure
Dear Traders, Similar to our other JPY chart analysis, we expect the same with AUDJPY, prices is likely to touch one more time 105 region or go beyond that. Possible entry is when drop a little and there we can get a better entry. Good Luck and Trade Safe.
ETH/USD is rising towards a resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 3,048.17 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 3,126.45 There is a pullback resistance level which is...
XRP/USD has just bounced off the support level which is a pullback support and could potentially rise to our take profit. Entry: 0.4835 Why we like it: There is a pullback support level. Stop loss: 0.4626 Why we like it: There is a pullback support level. Take profit: 0.5239 Why we like it: There is an overlap resistance level which aligns with the 50%...
Dear Traders, Likewise our GBPJPY idea we also expect the similar movement on CADJPY, due to JPY recent bullish price correction, price of JPY pairs dropped heavily, however, the good thing is price rebounding from a vital key level which may be a turning point that buyers were looking for. Please note, today there is bank holidays in the uk and japan.
EUR/NZD could fall towards a multi-swing-low support and potentially bounce off this level to climb higher. Buy entry is at 1.7860 which is a multi-swing-low support. Stop loss is at 1.7830 which is a level that lies underneath a multi-swing-low support. Take profit is at 1.7959 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement...