Bulish
Start of Bullish Trend or Short brake for USDThe general trend for MXNUSD has been bearish.
I initially forecasted a target of 18.50 or lower but the market has set 18.54 as a strong floor which has broken much of the downwards momentum.
We are starting to see a recovery since the price reached the days low at 18.52 and its beginning to form something of a bullish channel. I would expect the price will continue to respect the key resistance zones but if we don't see any attempt to return to the 18.52 low, I expect a confirmation of the bullish trend soon.
The future of the Ethereum! A great head-shoulder pattern!This recent fall is really very strongly (look the angle). We may wait a consolidation in ~700$ and then a new consolidation in ~450$ fallowing by a consolidation in ~300$. After all that, we will get a great bullish overcoming Bitcoin and get around $10k near March/April.
1st wave) Buy 600, sell 800. (buy if break the dashed blue line A)
2nd wave) Buy 400, sell 430. (buy if break the dashed blue line B)
3rd wave) Buy 200, sell... 10k!!!!
Bitcoin - A view to a thrillMy take on current Bitcoin price position. I'm more bullish than neutral but I'm still waking up and rushing to check the price in the morning hoping it hasn't crashed. So many concerns with government and banking institutions stepping in. US gov, Chinese, EU, IMF, World Bank etc can take any measures they want and they will if Bitcoin threatens the status quo, esp USD. Careful out there
EDIT - downward channel breakout Long trade from $25.21 to 31.37EDIT had a lovely flag setup. It continued further up and started to consolidating within a downward channel. Now it seems broken out the channel formation. We think it has good upside potential from here.
* Trade Criteria *
Date first found- March 13
Pattern/Why- Flag formation; Downward channel breakout
Entry Target Criteria- Break of $25.21
Exit Target Criteria- $28.37; 2nd Target - $31.37
Stop Loss Criteria- $23.27
Please check back for Trade updates. (Note: Trade update is little delayed here.)