BUY OPPORTUNITY - USDCADSupport level now reached, suggesting a bullish push into the 1.41000 level.
Longopportunity
EURUSD - LONG 4HHoping for EURUSD to spike through the resistance level and reach 1.11500 as a long target. However, this also may retrace to 1.07000 if a reversal pattern occurs after this big bullish move.
Possibly a long set up in the making.I am expecting the stock price to up go a little bit and then a pullback. After, the real move might take place. Trade with caution!
IT'S NOW OR NEVERHey everyone,
I just want to clarify that i'm not here to discuss the fundamental future of Bitcoin (like the regulated implementation of it in the real world), but instead, show you a very simple long term understanding of where the price might take us, especially after the 3rd consecutive block reward halving that will occur in May. You may have seen a similar type of analysis before, but I assure you, ignoring it will only leave you with regret in the following years to come!
First of, let's understand how the previous "halvings" affected the price of Bitcoin:
1st Halving - BTC goes up around 9,000% to create the new higher high.
2nd Halving - BTC goes up around 4,000% to create the new higher high.
9000/4000 gave us a 2.25 interval. Technically speaking, history within the markets tends to repeat itself. So, our estimation for next price increase (3rd halving), would have to be 4000/2.25 which would give 1,777! This is the number we should consider to determine the next bull run percentage increase from the day halving occurs.
In other words, a bull run is highly anticipated. Mining Bitcoin will become more difficult and there will be less Bitcoin available in supply, which ultimately makes it more scarce. Due to this fact, the demand will be much higher to acquire Bitcoin. The biggest changes in the crypto ecosystem this time, will be the higher public awareness around bitcoin and the interest of institutional investors (hedge funds, banks, pensions, etc.) taking part within the market. Increased public awareness could also lead to a wave of FOMO (fear of missing out) buying power, which could push the Bitcoins price higher and faster. When more financial institutions begin taking big positions, it could affect bitcoin in ways investors have never seen before.
Moving more into the technical side of the analysis, just pay attention to the curve line we see Bitcoin using as a respected support level. It has been respecting it from the very beginning of it's creation, and recently we bounced off the 6,500 price, which acted as the major and probably even the final level of support to acquire Bitcoin at. Looking at the chart today, we see that the curve line surpassed that level and is no longer expecting it to retest it, showing more buying pressure before halving!
We also have quite an important trend line to look out for, which formed itself within the lower high and the current higher high on the 1W time frame. It gives us a better clue as to where the next profit taking levels for Bitcoin would be.
So with all that being said, just note that at the moment we are exactly at the stages where you would be wanting to buy Bitcoin and hold it for a very long period of time, otherwise later would be too late. However, we are actually expecting a pullback to commence in the following weeks, which could ultimately send the price of Bitcoin to the 1st buying target at around 8,500, or the next target at 7,500, which will act as the key level of support to enter longs.
Hopefully this was useful guys. Please trade at your own risk and make sure to invest only as much as you're willing to lose!
Thanks.
XME (Metals & Miners) are BullishXME is the metal and miners ETF. See reference info here .
It is Not Yet bullish, nor rallying, But appears to need to close above 27.50 for the week for it to properly attempt a technical bullish rally...
NZD/JPY Wait for a good entry NZD/JPY is approaching a somewhat strong support level and an uptrend line.
EURUSD LONG TRADEEURUSD has re-tested the key support level and is potentially forming a double bottom pattern
on the 4hr timeframe. We could look to enter above the candle high with stops below the key level.
Targets would be the current swing highs.
YOYO/BTC Breaking Out?YOYO/BTC 4hr chart is showing a breakout here. Momentum is gaining as well.
There is low volume and you should wait to see it close above Kijun Sen before entering to make sure it does not act as resistance on the 4hr.
The Daily Kijun - red line - seems to be acting as a strong support as the 4hr has tapped it at least 5 times.
If this next 4hr closes and confirms a break above the kijun I would be looking for:
1. 175
2. 182
3. 189
These would be my targets and stop loss below the daily kijun at 156.
Learn with me and follow on Twitter: @coachkcrypto
Happy Trading,
Coach K
PS: Reminder wait for the 4hr to close above Kijun to enter this trade.
AUDNZD BUY OPPORTUNITYThe Aussie is showing us interest in a Long Move with it breaking above and retesting a highly respected price level.
AUDJPY LONG OPPORTUNITY Patiently waiting for a nice 1,2,3 set up for the Aussie, I believe we found ourselves in a buyers market as long as we get price to break its previous swap level.
EURCHF LONG OPPORTUNITY Double bottom at a key level of support, I see the Euro improving this week breaking into higher highs.
AUDNZD LONG OPPORTUNITYBuyers are very interested in this new level of support to show a uptrend continuance. Daily Bullish Hammer Close previously shows there is a rejection at the level.
EURCHF INTERESTING REVERSAL AREAWe are taking advantage of the respect trend line that has been used as a level of resistance and now support. I see price testing its support another time before taking off bullish.
EURNZD TREND CONTINUATIONThe Euro has not been showing a loss in momentum or hint of weakness towards the Kiwi. Minor Resistance has been broken, i'd like to see price come back up and test its major level of resistance, if there's a nice pullback into previous structure then that can very well be a long opportunity.
EURAUD LONG OPPORTUNITYThe Euro has definitely picked up the pace since last week, i'd like to have a clear sight of the Euro breaking its resistance before entering this pair. I'd target the next level of structure because there may a chance of reversal because it'd put us a little below the 61.8% retracement level if you fib the major impulsive wave.
CADJPY SQUEEZEI see that shorting the Canadian/Yen is a bit too late and risky for the potential target (40 ish pips). My best bet is to patiently let price reach its targets then to find reason to enter long. Price action is hinting us that if price does reverse, we are looking at price come down to its squeeze, meaning we may see a breakout of this Descending trend line.
CHFJPY HEAD AND SHOULDER BREAKOUT!I've been waiting for this breakout for sometime, very very interesting idea. In the chart we see a breakout of a Inverted Head and Shoulder Pattern but what also brings a lot of attention is price breaking out of this weekly descending trend line. Price has retested this trend line which is also a swap level that I've presented in the rectangle box. Opening of the market i'm going to let price action shake off it's craziness then look for proper entry with structure and candle stick daily closure.
AUDCAD LONG OPPORTUNITYSince the AUSSIE/US DOLLAR are correlated with the AUSSIE/CANADIAN I find it to be appropriate to share both pairs with a similar idea. The Aussie certainly showed very high momentum in price action with a generous push to the upside breaking very respectable swing lows. Last time price used this level as Support we did find price pushing up without hesitation. This idea has Optimal Risk/Reward for a Swing Trade, the potential reward against the low risk is definitely worth taking the Risk ALL DAY.
AUDUSD LONG OPPORTUNITYThe Aussie did break significant historical also recent levels of Structure, what I understand from this is that the Aussie is certainly gaining its confidence against the Greenbacks. I do see how price action is showing us a Bullish triangle of which is very close to breaking out after touching its High and Low lines. I'm prepared for either scenario to come about once the market opens. With the Bulls taking advantage of a weaker US Dollar I believe price can respect the pattern it is in and proceed to break above. In the case price fails to do so, my next opportunity would be to wait for price action to tell me something at it's Key Level of Support.
