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BTCUSDT 4H | Bitcoin market overview: Bullish marketHello, dear subscribers! In the previous review we looked at bitcoin price growth and marked the current support and resistance areas. In the following days, the Bitcoin price was moving within the specified borders. The sellers managed to lower the price to the support zone of $14,500 - $14,800, but they failed to move lower. Buyers quickly bought back the volumes of sold bitcoin and returned the price to $15,600. Indicators RSI, MACD and OBV follow the price without showing any deviations. The support zones 1 and 2, as well as the resistance zone indicated on the charts, are still valid. From all this we can say that the bitcoin market remains under control of the bulls. Decrease in trading volumes indicates that the market is given a rest before the future price movement. Whether it is up or down, we will see it in the days to come. Subscribe to the channel and stay with us!
Long
by CatalystsFinance
BTCUSDT 4H | Bitcoin market overview: Back in 2017Hello, dear subscribers! In previous days, Bitcoin surprised experienced cryptoenthusiasts, showing unprecedented growth. Maximum 6.11 - $15,960. The technical situation of divergence on RSI, OBV and MACD indicators was broken and the market showed a breakthrough in price and indicators. We are in the overbought zone. On the 4-hour chart, we see 10 green candlesticks in a row. This movement has formed new support and resistance zones. Currently, the support zones are - $14,500 - $14,800 and $13,600 - $14,000. The resistance zone is located at $16,000 - $16,400 levels. Current price levels were observed in the Bitcoin market in January 2018, which gives buyers confidence that new price highs are ahead. After long term growth and unprecedented purchases - OBV has exceeded 1,150,000, the bitcoin market may go into correction, because in addition to technical signals, the price today is good for sellers. Subscribe to the channel and stay with us!
by CatalystsFinance
BTCUSDT 4H | Bitcoin market overview: Correction or downtrend?Hello, dear subscribers! In the last review we defined the resistance and support zones for the current bullish trend. In the following days, the Bitcoin price was under the control of the bulls, which brought it to the level of $14,100, closing the period at $13,940, which is the upper limit of our resistance zone. The bears didn't let the price rise above that level. After that we entered the local correction zone. Currently, the Bitcoin price is $13,530, the RSI and MACD indicators show bearish market direction. A pattern of divergence has also formed on the MACD, RSI and OBV indicators, which may signal the formation of a downtrend. The local support zone of the current price movement is $13,100 - $13,200. It is too early to speak about trend change before the price does not consolidate below this level. Subscribe to the channel and stay with us!
Short
by CatalystsFinance
My 4 hour Technical AnalysisI make my technical analysis based on the 4 hour chart. Anyone can use this chart as a guide to learn on how I make my technical analysis but the risk is yours to keep. If you are a Fx trader (I am sure your are) and have knowledge of support/resistance, you should be able to read my chart easily. You can also use the chart on a lower time frame if you wish to do so. As for GOLD, I anticipate a bearish market sentiment with bullish moves up to the interim resistance as outlined in the chart. This scenario may least until the US Election is over and the outcome of US stimulus package. We may see GOLD accelerating above the interim resistance after a break out.
FOREXCOM:XAUUSD
by Gmetal88
BTCUSDT 4H | Bitcoin market overview: Who whould win?Hello, dear subscribers! In the previous review we looked at the long with the goal $11,700 - $12,000 as the most likely trend in the bitcoin market. In the days after the review, the price of bitcoin touched $11,700, but the bulls did not get fixed above this level. Further, the price of bitcoin was moving in the trading range of $11,200 - $11,600. As a result, the upward trend began to weaken. The MACD indicator is approaching the red zone, the RSI value is below 50, OBV has fallen below 855,000 - the current support for the uptrend. If the price is below 11,100, the next target for the bears may be $10,700 - $10,800. But it is still too early to talk about the prevalence of bulls or bears, as we are within the trade range of $11,200 - $11,600. Subscribe to the channel and stay with us!
by CatalystsFinance
BTCUSDT 4H | Bitcoin market overview: Bulls target - $11,000Hello, dear subscribers! In the previous review we considered the downtrend from the level $10,830 as the most likely pattern of bitcoin price movement. Since then, the minimum price drop has been $10,136. Currently, the bitcoin price is $10,855. We are in a local upward trend with support at the level of $10,500 - $10,600. MACD and RSI indicators confirm bullish moods in the market. Fixing the price above $11,000 will open the way to $11,200. Subscribe to the channel and stay with us!
by CatalystsFinance
BTCUSDT 1D | Bitcoin market overview: Local downtrendHello, dear subscribers! In the last review we wrote that the bulls were testing the upper limit of the trade zone 11,800 - 11,900. After the bulls failed to pass an important border, the price of Bitcoin dropped to the lower border of the trading zone - 11,100 - 11,200. This movement formed a local downtrend. In case the bears managed to break through the zone 11,100 - 11,200, the next stop will be 10,600 - 10,800. MACD and RSI indicators are in the decline zone, which confirms the downtrend. Subscribe to the channel and stay with us!
Short
by CatalystsFinance
BTCUSDT 4H | Bitcoin market overview: CorrectionHello, dear subscribers! In the previous review we considered the possibility of bull attacking the resistance zone $11,800-$12,000 on the daily chart. The attack took place, but the bulls could not get through the resistance. The current price is $11,440. On the 4-hour chart we enter the wide trading zone - $10,700-$12,000. On the daily chart MACD and RSI indicators show the upward movement weakening. The main market situation at the moment is the correction with targets - $11,150 and $10,700. Subscribe to the channel and stay with us!
by CatalystsFinance
BTCUSDT 4H | Bitcoin market overview: ShortHello, dear subscribers! In the last review we considered the main bitcoin market situation - a flat with local support - $9,170. Currently, the price of bitcoin is $9,160. On the four-hour chart, we have fixed below the local support at $9,170, which indicates that the main priority at the moment is the short. On the daily chart we see that a signal for the bitcoin price decrease is formed on the MACD indicator. Subscribe to the channel and stay with us!
Short
by CatalystsFinance
BTCUSDT 4H | Bitcoin market overview: Local support - $9,170Hello, dear subscribers! In the last review we discussed the entry of the price of bitcoin in the flat zone $9,300-$9,600. For today the price of bitcoin is $9,270-$9,300. We are at the lower border of the flat zone. Over the past few days, the Bitcoin price has formed support $9,170-$9,200, the volatility has decreased, we are in a local bullish movement. An exit under the support zone will signal a possible change of the trend to a downtrend, with a target - $8,600-$8,800. In any case, it is too risky to take a long or short position in the $9,300-$9,600 zone, as neither the bulls nor the bears can confirm their advantage as long as the price is in it. Subscribe to the channel and stay with us!
by CatalystsFinance
1
GBPJPY — Long 4H — 1:13 R/RRisking 20 pips for a potential 270 pip gain. Let’s see how this plays out. Entry 133.142 SL 132.942 TP 135.846 Follow us on Instagram: @profitplaysfx Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Long
by ProfitPlaysFX
4
BTCUSDT 4H | Bitcoin price overview: Flat continuationThree days after the last review of the bitcoin market, our expectations were confirmed, the price of bitcoin entered the wide flat - $9,350-$9,850. Sellers pressed the price to $9,350, buyers responded with a quick buyback of $9,800, but no one was able to push the attack. In the current situation, it is not possible to say exactly about the future direction of the price, but only to continue to monitor its movement. It is unreasonable to have a big position in one direction or another. A common trading strategy during the flat is to buy from the lower border of the range, in our case it is $9,300-$9,350. In this case, it is necessary to have a short stop, in order not to get large losses if the price breaks down. Subscribe to the channel and stay with us!
by CatalystsFinance
2
EURJPY ANALYSIS NOTE: (MARKET IS REACTIVE AND NOTE PREDICTIVE) (LIKE AND COMMENT BELOW TO SHARE IDEAS TO SUPPORT ) From a daily perspective we can see price has been in a bullish market. REMEMBER: MARKET IS REACTIVE AND NOT PREDICTIVE. On the four hour chart if price can push through the resistance zone we can initiate a long position to the level of 118.559 zone. Monitor this pair from a 4Hour perspective for entries. If you have any suggestion, drop in the comment section below. FOREXCOM:EURJPY
Long
by Kelachi
2