Price has been ranging within a 200/250 pip range since mid October. Price broke out of the key 1.1500 area which has acted as major resistance for a while. Price broke this 1.1500 zone with a very bullish candle, a retest has occurred of the zone and I see more upside potential with this pair. I would like to see the next upside target of 1.1600 in the short...
A potential short trade set up on EurNzd. Price has been sold of since reaching monthly resistance. Price action has retraced and pulled back into some key fib zones both on the weekly and daily time frame. We also have a key support now turned resistance area at 1.7125. I believe price to still have some downside momentum and can see this pair heading towards the...
ASX200 hits 50% fibo on Daily chart, closes right above the trend line on pitch fork and sits right on 200 SMA. year end 6000 level forecast!!
Bitcoin has not shown any signs of recovery and has failed to Rally, I still stand by my Call of BTC falling towards 3000/3500 Mark back in MAY from 9820 level which you can see as a reference. Since than it has tried numerous times to rally but has failed miserably. We will be witnessing a total collapse of Bitcoin when it reaches the 5800 Mark this time.
EUR AUD / H1 / Technical Analysis AB = CD Formation
If you have been following my previous calls on BTC you can match the graphs and call to Short BTC from 10,000. It has been paying off since than and more down side is yet to come
On the 4HR time frame we see the market testing the top resistance-zone twice right after a strong rally upwards in price. After the second test of the resistance-zone we see so many buys that no one else is selling so the sellers jump in and give it a strong rally downwards creating a fake out right before a huge pullback straight through the top resistance-zone....
We are flirting with but above the ichimoku cloud, indicating further upside, RSI went from above 80 and reset since February back to more manageable levels without to much of a correction, MACD has crossed over for a 2nd time (only negative indicator atm) If we see a fall into ichimoku cloud we need to be wary and prepare to exit stocks into cash A decision...
So far my previous to calls for short have been playing out nicely. Will have to wait and see if it really drops to the expected level or do we get a pull back. I expect a sudden drop and if we by any means fall towards the last 2 lows we will break that low support this time and make fresh new lows for 2018.
Gold finally breaks the resistance formed on the downside at 1301. I had posted the chart a month back, it was clear that gold will fall due to multiple attempts to the upside but couldnt breakthrough. We can see some minor pull back to 1301 and than another leg down towards 1275/70, I am looking at 1220 being my first target on the down side. as long as it stays...
Hello everyone, Here is a quick analysis on Bitcoins current state. I have drawn out what seems to be a forming bullish pennant. We have very strong resistance around the 9000 mark followed by an upthrust in volume over the last couple of days resulting in the bullish push. US Taxes were finished, media seems to be pumping certain crypto, as well as the Elites...
Hello everyone, Golem is an amazing project and if you haven't had the time look into it, I highly suggest it. Long story short, the team is incredibly gifted and have been working for some years now. Becoming the largest global, open sourced, decentralized supercomputer that anyone can access, the project consists of the combined power of user's machines, from...
This top-down analysis on the EURUSD pair was marked up, 3/31/2018. I haven't been using my TV for awhile so during this markup I was also getting re-acclimated to the entire system. Getting a start on my S&R levels before the new trading week begin. Any helpful suggestions & constructive criticism is welcomed.
We saw a falling wedge in btc last month and another one that is larger now. The previous one played out perfect and we tested for a higher high but failed. We are now intersecting two supports that are diagonal lines which is the support within the middle of the big diagonal channel and the bottom support line we bounced off of in February. We will also bounce...
No matter if some people want to accept it or not, the Bitcoin chart follows that of nasdaq. As you can easily see in the MACD and RSI he has followed him for a long time, so why should it not happen for the rest of the time? So you have to be careful. If we break the 'trendline' up, it's a bull trap. So we will experience another dip, which will not be the last...
If we take a look at some of the daily performances for KMD. Then we will find that there are numerous short spikes, then major tanks lower. This leads investors to have no confidence in the crypto and will soon be abandoning it. The creators of KMD should monitor the performance of their crypto more closely as it is obvious to the naked eye that this is...
GBP/CHF Completed Elliot Wave and Began Retracement to 61.8%