THE LAST STOP BEFORE BEARS MARKET! 🧐🏁🏁 CAUTION CANDLEWICK!Hello everyone,
Today I present you the last shopping zone, which will be a great opportunity to load your wallets.
The zone is between $ 32k and $ 28k. Possible presence of quick candlewicks.
Of course, they will delete the remains of people from the street who bet with a large lever without thinking about the risk associated with it.
After the situation has calmed down, I predict increases for new ATH. However, if the day candle closes below the buying line (FIB 0.618), entering LONG's will be a bad idea.
We will then start a potential BEAR MARKET.
I compared the declines to the time the news came out that a "pandemic" had started. Then we could observe declines on the crypto and traditional markets (in this case I was following the NASDAQ INDEX). Looking at the chart, I can see that today's movements are similar to those of March 12, 2020.
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Greetings!
Lastlow
EURNZD Follow Up and UpdatesThis pair is now offering new opportunities to join the bulls. We can look for buy setups as long as the last low is holding.
Now any pullback is an opportunity to go long. Remember that we might see two types of correction
Flat correction or Double wave correction
Regardless of how things will happen, bottom line is - as long as 1.5230 holds, we are after buys.
EURCHF Buy Dips IdeaD1 - As long as last swing low is holding, I am still after buys in this pair.
Technically we can expect at least the last swing high to be reached as bullish divergence has formed already and the pair is making the move up.
H4 - Price is creating a Convergence Principle with The false break of 1.3608 (blue line), was followed by higher highs (green line). Ideally we are now after double wave correction down, and then we can long the pair.
Corrections are due as price is close to 20 candles ride on the Bollinger bands,
It is now important to remain patient and wait for the best possible setup that the market will provide.
CADJPY Sell IdeaD1 - Price is moving inside the range.
We can go short as long as last high (83.60) holds.
Sell will trigger once a breakout below last low (82.57) happens.
Protection above 83.00. .
Invalidation - if price breaks above last high around 83.00 before we get triggered this setup will be invalidated and we will look for another opportunity to join.