Bitcoin (BTC): Will Crash Soon!The new week is here and bitcoin has successfully re-tested the 100EMA line, which was broken on June 23rd.
As we see a new daily candle (which is also an opening day for the week + month), we are seeing a nice rejection from 100EMA so far, which is working rather well.
We are waiting to see a re-test of local lows at the $60K zone and a movement to lower zones touching that 200EMA and breaking it as well!
Swallow Team
100ema-pullback
Litecoin(LTC): 100EMA Working Well100EMA has been holding the price steady, so as long as we are below this 100EMA and bulls have no control over it, we should see further movement below this line.
We are monetizing this coin and looking for any potential significant rejection to happen, which would lead the price to lower the target zone.
Swallow Team
GBPUSD have bottomed?Has GBPUSD bottomed? Price action suggest that it has. Since GBPUSD dropped to $1.036, higher lows pattern have formed WITH contracting pattern (tightening). From that pattern I drew a trendline.
Price broke the key moving averages confluenced with the trendline break. Currently price is retracing back to its mean 50/100/200 after testing several times the $1.163 level.
Actionable plan : wait for the price to test the key moving averages (keep it simple) and identify a rejection at those level and then Long.
*Rejection could be anything. but preferably confluenced with pocket pivot (blue bar or green bar at volume indicator)