Hello, Dear Traders and Followers! I show 8H TimeFrame chart, we can see rising demand support line (blue uptrend) on Bitcoin, and if this line could hold selling pressure for this days it will be great signal for Long term holders. And we can start buying for short term Long-Positions. Short term range 7300-9000 Long term range 8000-11000 Hope all safe and...
Good day everyone and welcome to the post G20 analysis on Bitcoin! Let’s start by having a mini recap on what happened the past couple of days. On March 18th we continued to decline towards the start of the previous wave (1) in a descending wedge pattern. We hit the bottom of the wedge then BOOM, bulls were back on the scene! FSB brought out a statement saying...
Tension is in the air. Anticipation is through the roof and Bitcoin is free falling! Well it was, before my idea got taken down. Lucky for me, now I can rewrite my idea knowing that we've just broke above the black resistance line! However we shouldn't get too excited just yet. We have the strong dark red dashed resistance line to get through first and then I will...
Hi all, This is my bullish view on BTCUSD, if you count the last time we went out of the channel as start of the that big pump that went to aprox. 20k then 6k is the 0.618 fib retracement. I'm bullish because this is a important buy zone for traders, after this dump we got a double top with almost 18% decline (absolutely normal, finvids.com ; see adam and eve...
So the bull in bears clothing (the descending wedge cloaked inside the head and shoulders) just let the bulls lose and we have massive volume spike to confirm the breakout above the purple descending wedge. Based on the angle and height of the wedge we have a projected price target ofm 9600....normally I wait for a second 4 hour candle to close before confirming...
Steve Mnuchin has stated an intent to bring up crypto regulation at the G20 Argentina financial meetings taking place March 17-20. Mnuchin does not believe that crypto markets represent a threat to financial market stability, but believes some form of regulation is imminently required and wishes to more closely monitor potentials for illegal activity. While the...
Going UP already? BTCUSD broke the Trend Line Resistance once again, which is fairly considered a bullish sign. We saw fluctuations around the Trend Line Resistance that confirms it is important for the global picture. And the price is above this line again. But, the last breakthrough (at 02.28) stopped at the 11000.0 level, now we the price is at this level...
The main idea behind this scenario is that Bitcoin will not go into a bullish bias until G20 summit in March. "U.S. Treasury Secretary Steven Mnuchin has indicated he is planning to raise the subject of cryptocurrency regulation during an upcoming G20 summit to be held in Argentina in March."(coindesk) I expect that BTCUSD will go into lateral movement between...
The WTI is located in a very busy area for trends, and that previous and current conditions a little freedom of movement. The current pattern augurs not fallen but before relevant, G20 and more data in the coming weeks anything is possible. Only serves the technical analysis, thankfully. www.fxstreet.com www.fxstreet.com
Brexit made the Euro break under the uptrend mode support, very bearish. Right now, the Monthly has a potential downtrend setup to confirm if price is under 1.1216 by end of July. We could form a new 15 week mode here by the end of the month. This could propel the daily and weekly trends up, against the monthly confirmation. What this tells me is simple, sell the...
28/29th June BOJ Meeting Expectations by 27 analysts polled by Reuters: 1. 23/27 (85%) expect easing from the BOJ. - The Median Analyst expect a 10bps cut to the headline interest rate to -0.2% and a Yen10TRN Extenstion to the BOJ's monetary base target to Yen90TRN a month (JGB and ETF Purchases). - One analyst expects easing in September, two in October and...