Possible BUY on EURUSDBearish channel
Daily pin bar created at daily support
entry on 1.097
target 1.139
safe sl@1.08
alternative sl@1.089
Channeltrend
AUDNZD Bullish Channel AUDNZD is moving up nicely so far with in its new created channel, I believe this is still going higher and there is still money to be made here if you play it right.
Buying low at the bottom of the channel can be a good idea if it holds, I have taking profits at the top of the channel and Im looking to reenter at the bottom, if it shows me a buy signal, one of the things I will look for is a increase in buying Volume at the bottom of the channel where it currently is.
If it break down I'm still bullish but in the short term it might make a deeper retracement, AUDNZD if you look back at the past you will see that its very aggressive when going up so im expecting this to be no different.
I hope you found this post valuable.
Best of Luck With Your Trading.
USD/ZAR Uptrending channel is workingWe can see the uptrending channel is workin fine on USD/ZAR. We can play on long right now until the value reaches the resistance and than we can short the usd against south african rand. RSI is the only indicator that does not support the uptrend move. By the time in case of breaking the channel’s support line, we can play short until 15.200 support line
15.696 is a critic resistance that we need to wait and see the reaction of value once it reaches the resistance.
Did someone say Pitchfork? Just an idea showing PF channels Was playing around on the BTC charts and projected Pitchforks from the Early 2015, 2016 and 2017.
Honestly the still seems to be playing a major role.
Overall Long-Term Outlook:
First off testing the ~11.8k resistance line. (unless it breaks into the upper channels)
Finding support around the ~6.5k support line, which correlates to the 2016 and 2017 Pitchforks. (could break lower to the ~3.5k support,but not likely IMO).
From there returning to the ~9.8k- 11.5k Retest/ break current channel:
(~17.3K July 2020 If the channel is broken upward. (Bounce or break up into new channels after 17K target is reached))
(If the ~12k Resistance level isnt broken here we are going into the biggest bearish recession BTC has ever seen.)
(If it plays out as displayed above BTC will find life again ~4k mark around November 2022)
NOT AN EXPERT DISCLAIMER.
Honestly the biggest factor in the playbook has and always will be Global Adoption.
The crypto community will continue to be held back by governments laws and regulation, until final word is spoken on the matter, in turn governments have only been integrating into the Crypto space for ~3 years which span over investigations in multiple different assets on top of multiple exchange bans.
(Not to say following government regulations is a bad thing, but it also makes you think of what is left to come, and how far we are from an equal medium)
Will update if this turns out to be a functioning chart,
as always DYOR and Good Luck.
US 30 Upside Explosion; Possible Ultimate ATH: 30K?Just an idea. Not sayin' this is goin' down; maybe we already saw ATH today on 7/15. But, maybe a brief pullback to lower channel TL culminating on 7/23 will provoke a feeding frenzy coupled with FOMC rate cut to push the darn thing to 30K. Could easily rise another 6-8% in euphoria and carefree complacency that prevails atm.
If this plays out the subsequent selloff will be spectacular- at least 10k pips. Probably gonna see a day when it tanks off 2k in one session later this year or early next.
FGS trade carefully or just stay out and marvel at the insanity! I marked this idea as 'long' but I'm not betting on it just yet.
See if we get a sell to entry for the fifth of fifth of fifth of... whatever wave this is now. GLTA!
Bitcoin/USDT - Binance - Bullish Trend continuesThe humor of market is still bullish, because we can find more bull candlestick than bearish. However, any care is little, because the Bitcoin is in a very accented bullish channel compared with its historical of price. But I prefer to belive that candles tell by themselves, how there is more bullish candle and few against the movement, then I think that will come a great movement bullish.
Rand at top of resistance levelChannel Trend suggests bullish patern. Dotted lines preset resistance. My target june prdediction 15.03 minimum should turn between the ranges 14.973-15.429 I'm Bullish in 30 day chart. Buy some!
NZDUSD NZDUSD Double bottom and channel breakout to respect monthly key price of 0.69000 Taking a position long here. 1:2 Risk Reward ratio. Looking to capitalising on this today ready for the Employment and Unemployment news at 10:45. Hope you all enjoy.
BTC Channel: Quick UpdateWatching this current channel. Looking for a bump to the top of this channel and then paying close attention to the next move. Could be in this 4hr channel for a while, if we break down there is not much support all the way until 4200-4400. Smaller support around 4800.
BTC Channel BTC staying in the channel for now, that wick looks like it was hunting for stops. Most likely liquidated a lot of long positions. Volatility is the name of the game.
