Bitcoin Long position target 9150-9500I want to start this off by saying i believe bitcoin already broke the channel resistance.
as you can see we tested 7800 and responded with an engulfing daily candle, this test was according to my chart and theory the retest of the channels overhead resistance.
To support my idea i have 2 indicators giving bullish signals:
-Stochastic
the stochastic on the daily broke up to the bullish control zone and is now getting a positive posture,
i believe closing anywhere near 8200 today will confirm this cross up.
-SAR (stop and reverse)
The SAR if you are familiar with it, is a indicator that uses dots, the weekly gave a Bullish signal.
Also a indicator which i am not very familiar with, the ichimoku cloud on the daily got a green twist,
as im not very know with this indicator and i cant really tell what this setup means i believe this is also a bullish signal.
So if this were to play out i would have targets from 9150 ( 200 SMA ) to 9500 ( latest top on the weekly)
I dont have any sort of clues after what would happen afterwards but if bitcoin were to get a close above 9500 on the weekly i will extend this target to 12000 over time and possibly higher.
200sma
#AUDUSD - A Pullback For Huge Opportunity - Weekly AnalysisHi Traders, AUDUSD is pulling back as expected pretty much like EURUSD. However because in recent weeks it has been creating new highs, we can expect it to continue with that. This current pull back with USDollar over sold, we can get a very good opportunity to go long. We must watch the zone carefully and any sign of bullish movement. The zone has confluence of 38.2 Fib, Round Number 0.6900, trend line and 200 sma.
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UADCAD This Bat Pattern Can Give Us 80 Pips Going LongUADCAD This Bat Pattern Can Give Us 80 Pips Going Long
1. Caution: On weekly timeframe the bollinger bands are getting squeezed. So a breakout can be expected. We have to be careful of that.
2. There is a bat pattern completion in the blue zone which also confluences with 200SMA on weekly chart.
3. So if the price falls into the blue zone, we can have a long opportunity for short duration targeting only adjusted 38.2 fib level as profit level. That is close to 80 pips but can be more or less after adjustment.
USDJPY at resistancePrice testing resistance and 200SMA on a daily chart. Great risk-reward to short here. Indices also testing resistance, a bounce could signal JPY strength. Target to see if we respect the yellow trend line.
From a bigger perspective could look like an inverse H&S, but the trend before it is not big enough for a proper setup.
EURJPY Short TriggeredThis currency pair is featuring for the first time on our TradingView blogs.
Current setup: Price is now below major support levels including 200sma, the 50sma and the 120 round number.
Conclusion: Price broke out at the start of the week which offered a short entry which we took and have now been triggered into the trade.
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$OSTK painting a doji as it bounces off of 200MA and cloudClearly oversold and days away from a dividend date of record. Shorts have borrowed all available shares with 65% of the float sold short.