Failed to flip mid range on last attempt now stuck below.
Also failed to flip 4 hour, 1 hour EMAS on last attempt.
Bottom of range seems likely paired with BTC showing signs of weakness.
With EUR struggling against AUD failing to break aprils highs for 3 days in a row!
AUD looking to have had strong bullish reactions at key support vs USD and CAD !
AUD/NZD also looks like a good setup !!
could be a big week ahead for AUD ????
USDCHF looks like its pulling back,bulls tried turning diagonal resistance into support but with the daily closing inside it looks like they have failed.
Do not feel comfortable shorting, reason being strong key resistance turned support just below (Nov/March high) and 0.382.
Bulls did not set much support on the way up so losing the 1.01250 level could cause a...
AUDNZD retracing into key horizontal and fib support levels, with what looks like a dead cat @ 0.382 and Feb high.
50 and 100 EMAs on the daily could also act as support in between the 0.383 and 0.5.
Previous horizontal supports matching with the 0.5 and 0.618 fibs.
Obviously the 0.382 ,Feb high could still hold and waiting for the 0.5, 0.618 level could leave us...
EURAUD recently broke out of trend line Resistance last week, but if you check out the daily chart you can see the last 3 days have all had rejections form Aprils high @ 0.618 , swinging above yet failing to close above on all 3 days, seems weak from the bulls.
Stoch 55,5,3 is at resistance of 93 and RSI has big divergence on the 4 hour.
The concerning aspect of...
Buy 110.95
Reasoning behind buying in this zone are daily swing low, April monthly low , daily 0.618, previous horizontal support... its has not been an all out dump from 112.4 with the bulls showing up at.0382 and 0.5
Target 111.65
Reasoning behind target is, if we bounce in the exact spot, the target will meet up with the 0.5 and double top on the 4 hour, also...
Bids set 8405
Stop 8245
Target 9150
Reasons for buying 4 hour green buy zone and potential diagonal support just under, also big buy walls in that zone of course they can be moved but still
Waiting for a break of the red downtrend line could also be reasonable saying BTC could also break down from here , a equilibrium pattern for the next few days with tight...
After BTC breaks out of what some called a diamond bottom it slowly crawls up with declining volume and to me doesn't really look like a strong bounce at all,(debates over twitter saying this type of bounce is stronger long term then a big bullish V shaped one or something along them lines, i cant see how but yeh) just about reaching the circle from the other day....
BTC bulls look super weak at the moment that recent bounce lasting a lot shorter than i expected !!
If you want a bullish trade within the next few days maybe even today by the looks of it, expect a reaction with this bullish 1 day zone @ 7900 - 7700!!
8000 psch just above it. swinging below 8 k into the zone then bouncing closing back above would be ideal,...
ETH had a weaker bounce than LTC but still nice profits if you played it, managing to close above the diagonal support.
Currently in a 4 hour bearish zone breaking above this depends if BTC breaks the 1 hour bearish zone at 8600!
Next weak resistance being the diagonal and 715ish
LTC on the 4 hour seem to have the strongest bounce with the most potential profit,10%, something i always struggle with do you long the one which has fell the most in the dip or the one which has been the most bullish and held up the best during the dip ???
anyways LTC last major buy zone on my chart lined up perfectly with the BTC bullish buy zone which is...
Strong high volume bounce just after the 4 hour bullish buy zone (swinging just below and closing above) reminded us to always leave some room with stop losses just in case we swing a bit lower, perfect example here to check orders books and look for big buy walls placing just underneath in this case 8190. If it falls through and stops you and still bounces and...
ETH is the most bullish out of the the big 3, with a lot of potential supports to bounce on, i will be looking to long ETH when i think BTC will bounce!
630-615 will be the perfect spot if BTC is also in a buy zone, if not i will still be longing ETH through the BTC graph.
The next obvious target would be 715 area probably close just before around 710.
You...
If you day/swing trade the big 3, LTC ETH BTC you should not be going long on LTC at the moment !!! always monitor the graphs and long the most bullish by basically trading the BTC graph. Example ETH is most most bullish on the day and it reacting stronger when BTC moves up, BTC is falling and it reacts strong to a support looking like it could bounce, Go long on...
