Get started

Dailyanalysis

BTC Daily, You Need To Know This!BTC Daily looking very good so far. This large volume candle is giving me confidence in the move. We will need to see PA close a Daily candle outside the trendline to get confirmation to start looking for short term spot/long trades. If we close outside the trendline tonight I will start posting some setups for you guys to keep an eye on. I will be paying close attention to these daily and particularly the weekly OB's as they will determine the continuation or reversal of future BTC price.
by UnknownUnicorn15302902
BTC Daily A Weak Move?Hey guys, BTC Daily is not really selling me on this oversold daily bounce, Volume is (has so far) dropping off sharply and we are nearing a upper trendline resistance. Cipher B is telling us that Money Flow is still thick in the red, RSI is just coming up to 40 (Down trends it ranges between 30-50 a lot), and STOCHASTIC is Oversold at 95 so I am not convinced we are breaking through just yet. If we take a look at the momentum waves we printed a large anchor wave, but I would like to see 2 things from here. 1. Money Flow (MF) shifting towards the zeroline. 2. A trigger wave forming with a green dot below the zero line. As of now. I am still looking for a dip back down with either a lower low or a double bottom before we break out of this falling wedge. Not Financial advice, Just my Opinion. But you guys shouldn't be trading unless you know what you are doing. Take care crypto family.
by UnknownUnicorn15302902
BTC, We're Not Done Yet!Hey @everyone Taking a look at the BTC Daily chart, first thing I can see is Volume picking up this is a good sign. It means we could likely get a decent move up or down, once BTC decides on a direction from here. We haven't managed to touch any Weekly bearish Order Blocks on the higher TF so I am looking at 2 possible short term scenarios for now. A, we hit the weekly Bearish OB and reject it at first, then potentially move up to the next one. B, we swing low one more time and fill the liquidity down at 29.5k, the bottom of the Weekly bullish OB with a big wick to wipe out longs and open more short positions. ML indicator - Bearish Money flow seems to be weakening on the Daily, we printed a double bottom on the wave indicator, but the second wave is larger than the previous one, so this is the new anchor wave. We are looking for a trigger wave with decreasing Bearish Money Flow to give us some confidence in a continuation higher.
by UnknownUnicorn15302902
2
NZDCAD Rejecting Support AreaWelcome back! Here's an analysis of this pair! COMMENT BELOW and let us know your thoughts or questions! **It has reached a previous weekly level last visited May 2020 and rejecting. It appears the weekly bearish impulse has completed, and a long correction will begin from the current support. Do you agree? Let us know your thoughts in the comments! Please support this idea with a LIKE if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
BTC Daily Is The Bottom In?BTC daily chart looking like we might have put a bottom in here for the time being, The RSI is currently on 20, bearish MF is thick in red still. We look like we are starting to curve and form a new anchor wave (new bigger blue wave) which is indicating that a correction is likely gonna happen over the next few days (big or small we don't know). This isn't confirmed until the blue waves cross and we print a green dot. We are holding the lower trendline for now.
BITSTAMP:BTCUSD
by UnknownUnicorn15302902
GBPAUD I Correction and Push HigherWelcome back! Here's an analysis of this pair! COMMENT BELOW and let us know your thoughts or questions! ** Price is currently retesting a previous area of daily resistance and may retrace to the support zone highlighted. We suspect many traders will start shorting and market makers may push the price a bit higher to take out liquidity before a correction. After potentially collecting stop losses, we expect a brief correction and continuation to resistance at 9100 zone. Enter when the entry criteria of your strategy is met. Please support this idea with a LIKE if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
by BKTradingAcademy
1