Bitcoin can exit from pennant, after which starts to declineHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price rose inside the upward channel, where it soon reached the buyer zone, which coincided with the support level. Later, BTC broke this level and rose to the resistance line of the channel, but then it turned around and made a correction movement to the buyer zone. In this area, the price rebounded from the support line of the channel and started to grow, so, in a short time it broke the 68800 level again and then exited from the upward channel. Next, BTC continued to move up inside the upward pennant, reaching the support line and rebounding higher. Later, the price reached the current support level (86600) which coincided with the support area, and soon broke this level, after which rose to to resistance line of the pennant. Then it made a correction movement to the support area, after which turned around and rose back to the resistance line of the pennant. Now, the price continues to trades near this line and I think that BTC can exit from this pattern and little grow more. After this, the price can turn around and start to decline to the 86600 support level. Please share this idea with your friends and click Boost 🚀
Short!!!!
US100 Is Going Down! Sell!
Here is our detailed technical review for US100.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 20,418.60.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 20,055.55 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURGBP Is Approaching The Daily TrendHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84100 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84100 support and resistance area.
Trade safe, Joe.
QQQ Technical Analysis! SELL!
My dear friends,
My technical analysis for QQQ is below:
The market is trading on 514.16 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 496.08
Recommended Stop Loss - 525.28
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
Tesla bearish gap fill for further highs!? Going along the lines of GAP fills since the beginning of the year #tesla have been filling all the gap fills apart from the last 2 big gaps that happened: .
My thoughts:
- will we see a sell off in the remaining weeks of the year? Fill in the 2nd to last remaining gap and then next year push all the way up to $450
- Do we see the sell off happen till president trump is elected as president and then the stock will fly back to the highs of this year? As Elon is part of D.O.G.E
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NZDCAD Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring NZDCAD for a potential downsides around 0.82900 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.82900 support and resistance area.
Trade safe, Joe.
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.64900 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.64900 support and resistance area.
Trade safe, Joe.
BITCOIN Will Move Lower! Sell!
Here is our detailed technical review for BITCOIN.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 89,698.74.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 80,500.75 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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EURAUD Is Very Bearish! Short!
Please, check our technical outlook for EURAUD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.634.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.625 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
Gold can reach resistance level and then continue to declineHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price some time ago traded near the 2735 resistance level, which coincided with the seller zone and then started to grow and rose to 2780 points. Then the price turned around and started to decline inside the downward channel, where it broke at once 2735 level and then fell to the support line. After which it bounced and rose to the resistance line, but soon rolled down and later dropped to the current resistance level, which coincided with the resistance zone. Gold some time traded in the resistance area and then broke the 2590 level, after which fell to the support line of the downward channel. A not long time ago it rebounded from this line and started to grow, and now Gold continues to grow to it current resistance level. In my opinion, the price can reach a resistance level and then turn around and start to decline next in a downward channel. For this case, I set my TP at 2490 points, which coincided with the support line of the channel. Please share this idea with your friends and click Boost 🚀
CADCHF Massive Short! SELL!
My dear subscribers,
CADCHF looks like it will make a good move, and here are the details:
The market is trading on 0.6349 pivot level.
Bias - Bearish
My Stop Loss - 0.6373
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.6302
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
EUR/JPY BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
We are going short on the EUR/JPY with the target of 163.437 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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EURUSD: Market of Sellers
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the EURUSD pair price action which suggests a high likelihood of a coming move down.
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NG1! SHORT FROM RESISTANCE
Hello, Friends!
We are now examining the NG1! pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 2.135 level.
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AUDCHF What Next? SELL!
My dear subscribers,
This is my opinion on the AUDCHF next move:
The instrument tests an important psychological level 0.5778
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.5747
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
USOIL Will Go Lower From Resistance! Short!
Please, check our technical outlook for USOIL.
Time Frame: 15m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 66.952.
Taking into consideration the structure & trend analysis, I believe that the market will reach 66.542 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
EUR/NZD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
EUR-NZD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.782 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/NZD pair.
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I would like to see $85k before $118k Look, you guys are morons. You are all full porting bitcoin right here so despite the logical next move being $85k i think its possible the demand is simply too strong and we must go straight up. However being rational, every star in the sky has aligned for a retest to 85k.
If we can go to 85k it will sufficiently reset the RSI to such a level that the spring will be insane, i think we will cross 100k so easily it won't even have much resistance.
Logically, i think we go to 85k, but irrationally i think bottom could already be in because the demand is simply too strong. Let's see how hyped everyone is.
EURGBP Will Collapse! SELL!
My dear friends,
Please, find my technical outlook for EURGBP below:
The price is coiling around a solid key level - 0.8338
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8301
Safe Stop Loss - 0.8361
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
EUR/CAD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are now examining the EUR/CAD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 1.472 level.
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USD/CHF SHORT FROM RESISTANCE
Hello, Friends!
The BB upper band is nearby so USD-CHF is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 0.876.
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