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Will $30k be the Blow off top were all anticipating for ? Bitcoin has literally been rallying since its March lows where it was trading at under $4000 per coin. Price has made a bullish recovery rallying up over 600% to date with no real correction. Will we see a decent pullback in the near future, or will price keep pushing higher into new territories ? Even if we hit 13k we will still be in a bullish market, a 55% correction would be a healthy pullback in my opinion. What's your thoughts traders ?
BITSTAMP:BTCUSD
by steevyp2820
9
XAUUSD - Weekly trend - Short first and then Long📍 10+ years experience in markets 📍Professional Stock market and Forex trader 📍 Supply/Demand Zones 📍 Frequent updates 📍Covering FX / Gold Spot / NSE-BSE / DFM / ADX / US Stocks 📍Real time updates ⏳ 1 Day Chart analysis Looking to sell till the long time support level of 1795 and then buy from 1795 to 1857 I believe that the Price action might continue to range between key support and resistance level and I expect this to break if the solid vaccine news arrives Support - 1818 Resistance 1830 Big time support is located at at 1795 . Buying dip offers good risk/rewards XAUUSD -TREND ANALYSIS - SHORT first and then Long Target - 300 to 400 pips (in Short) Tagged Short and long both together KEY NOTE - SPECULATIVE SETUP - not a financial advise - do your own analysis Please use STOP LOSS and don’t risk more then 1% or maximum 2% of your total account Tagged Short as I expect only short 📒 Retracement to support area ± 1820 fresh demand zone ± 1830 fresh supply zone 📒 Analysis / Trade Setup / Long and then short ± XAUUSD 1 day chart ± Short-term Bearish # Long term-Bullish ± Fresh Demand Zone level - 1820 ± 1818 - temporary support - might break ± Falling wedge identified ± Bullish trend reversal ± A touch down to support needs to be completed ± Go long for more pips ± HAPPY TRADING Short Target - 1810 - 1805 - 1798 - 1795 - 1793 Long Target - 1857 - Resistance level
OANDA:XAUUSDShort
by FOLLOW_PIPS
CHFJPY TRADE ANALYSIS 🔔Prices are trading below the median regression of the 108.65-114.48 leg. Thus, we will focus on the 115.99 support bounce, or break, first. The depth of the downplay will depend on the firmness of the said support. A break will bring the 38.2% Fibonacci of the 108.65-117.61 leg back in play. This could act as a confluence level between the median regression and the Fibonacci level. However, it could ruin the hidden divergence shown on the momentum indicator. Therefore, we expect the decline to last shorter on divergence and channel-test expectations.
by DragonCaptain
5
GBPUSD HOLDS SUPPORT AT 1.2800 - SIDEWAYS MOVEMENT EXPECTED🔔The pound sterling continues to extend losses with price testing a six-week low on Thursday. The declines came after a brief rebound saw prices stuck near the 1.3000 handles. Failing to break out any higher, GBPUSD reversed direction breaking past the previous lows of 1.2885. The current momentum in GBPUSD could see prices possibly testing the 1.2800 round number support next, followed by the 1.2750 handles. To the upside, the 1.3000 handles will serve as the resistance level for the moment.
by DragonCaptain
2
EURCAD - Trade Idea.EUR/CAD Cup & Handle Formation...! As I am sure you are aware, from the previous posts I've written and I will say it again: longer time frame indicators short time frame movement. I am long term bullish on EUR, since around 1.13 half to 1.14 areas.. By seeing this formation, makes me even bullish, but I want to get in at a cheap price, because that's what will give you the greatest R/R. Now today we have Powell speaking, which could shift the market in either direction. I won't be trading whilst this even occurs, as it could go either way with increasing amount of volatility. Technicians: Bullish formation - Cup and Handle formation - Bullish Flag forming - Keep support areas to keep an eye on Be sure to follow your trading plan, add your own technical analysis indicators. I'd wait for key pull back or break out of the bullish flag forming then pull back then add further risk towards the bullish momentum occurring. Just a trade idea, not a recommendation. All the best, Trade Journal
by Trade_Journal
EURUSD REMAINS STRONG AS USD IS GETTING LOWERED - LINE CHARTThis is the continuation of earlier chart with line graph, daily time frame to check the pair of bigger pictures. We are quoting earlier analysis here. "EURUSD is trading in the upper range but with a strong bullish bias. Weaker USD is supporting the pair and the pair is in strong correlation with the Gold. We can see a retest of 1.4400 and can break the resistance of 1.4400 but the stimulus package can turn Euro Cheap."
Long
by DragonCaptain
2