4hourchart
CADJPY - Short-term long trade -Elliott oscillator turning pointA potential short-term trade possibility is shown on CADJPY where Elliott wave oscillator is hinting for a shift in momentum towards the bullish side.
BTCUSDT 4H | Bitcoin market overview: Bulls DominationHello, dear subscribers!
Since the previous review, the price of bitcoin has increased from $16,000 to $18,965 per 1 bitcoin. Overheated market did not prevent customers from continuing to increase the price of bitcoin without significant drawdowns.
The current price of bitcoin is $18,700. The current resistance zone is $18,800 - $19,000. Fixing the price above this zone opens for buyers the way to $20,000 - the historical maximum of the bitcoin price.
Support zones: $17,600 - previous corrections were approaching this level. Below this level is the support zone 1: $16,500 - $16,800, and below this level is the support zone 2: $15,500 - $15,900.
In recent weeks, we have seen an unstoppable rise in the price of bitcoin, on the daily chart accumulated large overbought on the RSI and OBV indicator. MACD is in the green zone since October 10, it is a very long period of buyer domination. Growing trend is still in force.
It does not matter if we continue to grow from our current positions or go to correction, and at the top and bottom we have a large free zone for the bitcoin price movement. Which direction the price will go in the next few days.
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FTSE 100 ( UK ) 4 Hour Potential Supply 01 November 2020Follow DeltaSD
Potential Short Setup.
4 Hour Potential Supply
Level to Watch
for Monday
2 November 2020
OANDA:UK100GBP
BTCUSDT 4H | Bitcoin market overview: Price concolidationHello, dear subscribers!
In the previous review we looked at bitcoin price dynamics in the current price range of $11,200 - $11,600.
In the following days, the price continued to move in this trading range. Neither bulls nor bears were able to prove their superiority.
The current price of the Bitcoin is $11,580. The MACD indicator shows an insignificant bull prevalence, RSI is above 50, which also indicates the predominance of buyers in the market. The OBV indicator is about 855,000 resistance. In the next few hours, we may see a breakthrough in the bull or bear side, as the price has been in the flute for a long time between $11,200 and $11,600.
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I think I spotted an early head and shoulders pattern at NZD/CADHello guys and girls,
hier is my idea,
I think for all of you who are familiar with the head and shoulders pattern,
you know how to read my drawings on this chart. I'am already short on this one,
maybe a little bit to early, but we will see. Pleas feel free to share your
opinion about this trade in the comment section.
With best regards,
Jens
GOLDShorting Gold. Price created a double bottom. After the last bullish impulse of a double bottom, you should expect price to retrace to test the neckline of a double bottom. There also exist a bearish divergence which may be the catalysis for a move to the downside. If you see something else of feel otherwise, feel free to comment below and share your chart. Like/comment.
BTCUSDT 4H | Bitcoin market overview: Bears target - $9,500Hello, dear subscribers!
In the last review, we talked about bulls should stay above the price of $11,000 in order to confirm their strength and continue the upward trend.
Buyers have not been able to stay above this level, after which the bitcoin market began to sell out and the price fell below support level $10,500. The lowest drop was $10,374. At the moment, the bitcoin market is in descending motion with targets of $9,500 - $9,700. Indicators MACD, RSI and OBV confirm descending movement. The MACD is in the negative zone and shows an increase in the strength of the bears. RSI is below 40 and still far from oversold area. OBV has dropped below 786,000 - support for upward movement, which indicates that the Bitcoin market has started selling out.
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NKE Starting to fall below Moving AVGOn the 4 hour chart, NKE is just about to dip below the moving average. This relative strength index shows that it is sitting high near 70. We should be expecting to see a sell signal relatively soon.
Disclaimer: I am not an expert, I am just starting to grasp meaning behind these indicators and by no means making recommendations. I trade at my own risk and so should you.
BTCUSDT 4H | Bitcoin market overview: Bearish OBVHello, dear subscribers!
In the last review we discussed the upward trend of bitcoin prices.
Since then, the price has increased, showing a maximum at $11,179. In the last 5 days the price range has narrowed to $10,700 - $11,179. Indicators RSI and MACD show weakening of the bulls. The RSI value is below 50. The OBV indicator at the top of the uptrend - $11,179 showed a decline in purchases. This indicates a trend reversal and a set volume of short positions. In the near future, the bitcoin market may test the support zone - $10,500. If the bulls attack is successful, the next target of the bears will be - $9,500 - $9,700.
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BTCUSDT 4H | Bitcoin market overview: AccumulationHello, dear subscribers!
In the previous review we looked at bearish moods on the bitcoin market.
For the last week the price has been in a correction movement after a sharp drop. The price range in the correction zone is $9,820 - $10,600. The resistance zone at the top is $10,600 - $10,800. In order to break bears the bulls need to get fixed above $10,800. Until then, the priority of bears in the bitcoin market will remain. So far, none of the buyers or sellers have managed to defeat the opponent. According to the RSI and MACD indicators, we can see that there is an oversold reduction and accumulation of power bears. It is possible that the price may make a breakthrough up the resistance zone, the so-called "Fake-out", before heading to the bears' targets - $9,400 - $9,500.
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USDCAD- Price looking promising for long developmentPrice has confirmed a higher high, we are now going to sit and be patient until a higher low is formed before going long, preferably out entry would be at the 50 fib level as we have a few confluences here, such as a structure level which price has respected previously, and we will be interacting with the 50EMA. Need to wait for a confirmation candlestick if we do come down to this level before entering.
Also supports my NZDUSD Short bias
BTCUSDT 4H | Bitcoin market overview: BearishHello, dear subscribers!
In the previous review, we reviewed the possible future movement of the bitcoin price. In the past days, bitcoin was traded in the range of 9,800 - 10,500.
Currently, the price of bitcoin - 10,180. On the 4-hour chart support area - 9,500 - 9,700. We are in correction movement after the dramatic fall of the bitcoin price from 12,040 to 9,825. This price movement indicates that sellers and buyers are accumulating strength in order to determine in which direction further price movement will go. RSI and MACD indicators are in the red zone, i.e. the current position indicates that bearish moods prevail in the market.
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BTCUSDT 4H | Bitcoin market overview: BullishHello, dear subscribers!
In the previous review we reviewed the price movement of Bitcoin in the trading zone $11,200 - $11,900.
The price of bitcoin at that time was at the lower border of the zone. Bears failed to gain a hold below $11,200. As of today, the price of bitcoin is $11,900. The bulls are attacking the upper limit of the trading zone. If they succeed in getting a hold of more than $11,900, their next target will be $12,300. The price of the bitcoin on the 4-hour chart is in an uptrend, MACD and RSI indicators confirm a trend.
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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.
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BTCUSDT 1D | Bitcoin market overview: Bulls are comingHello, dear subscribers!
In the previous review, we posted that the price of bitcoin entered the correction zone $11,300 - $11,900.
Currently, the price of bitcoin is $11,790. The bulls are pushing the price to the upper limit of the range and trying to develop an attack at the level of $11,900. Closing a daily candle above $11,730 will be a good bullish signal about the continuation of growth. On the 4 hour chart, we are in a local upward movement.
The close price of the day is also relevant for bears, as $11,200 and $10,500 targets remain below.
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BTCUSDT 4H | Bitcoin market overview: CorrectionHello, dear subscribers!
In the previous review we looked at the future of the upward trend in the bitcoin market. Support levels for the global uptrend were indicated: $11,200 and $10,500.
The current bitcoin price is $11,750. The bulls did not hold the price of the bitcoin above $12,000. Bitcoin is still in an upward trend, the price is in a wide trading zone - $11,300 - $11,900. MACD and RSI indicators show the development of downward correction movement. What will it become? An opportunity for buyers to buy a bitcoin at a cheaper price or the beginning of a bearish trend?
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BTCUSDT 4H | Bitcoin market overview: Bullish Hello, dear subscribers!
In the last review we talked about that the price of bitcoin in the coming days will be in a wide range $10,700-$12,000.
The need for this appeared after the impressive rise in the price of Bitcoin from $9,250 to $12,150 starting in mid-July. In order to continue growing and attack the resistance zone of $11,800 - $12,000 bulls need to accumulate strength.
The current price is $11,700. Yesterday the bulls tried to attack the price of $11,800 and got close to it. MACD and RSI indicators are in the growth zone, which suggests that the bulls may continue to attempt to enter the zone of $11,800-$12,000 and go further. For sellers, there is no way yet to push the price down, the bulls are currently in the initiative.
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EURUSD 4H BUYS/LONGSI'd like to see price head towards 1.19
Based of the 4H,D and weekly, id like to see a push up more during London/New York session.
Ive opened buys already...
Stop below previous LH.
3:1 RR
