Despite recession forecasts and the FED's cautious stance, the markets have risen since the beginning of the year. Many analysts argue that the market is not rational, that all statistical indicators point to a bear market, and that a difficult series of declines and disappointments lies ahead The market participants are now divided into two teams: 1. The bull...
In this technical analysis I will go over the previous price action of BTC/USD and explain how to prepare for its next move. There are many very interesting things happening on BTC/USD at the moment. Especially since its reduced correlation with the legacy stock markets it becomes more interesting to look at BTC as a standalone asset again. I have been taking...
A daily summary of the previous day’s market activity and review of current state of market on Cryptos. Analysis Co-Relation with Bitcoin As we can see a major resistance at the red ray and the buyers are dead at the moment as I can see a 100% retracement near the resistance. As you can see the Blue parallel region Price didn’t breach 13000 USDT and 16000...
CADJPY fell off the cliff after the little bearish pin bar candlestick pattern that we covered yesterday. That bearish pin bar was formed at the 98.10 resistance level and at the time it formed, the Stochastic indicator and Commodity Channel Index (CCI) where in the overbought area which increases the odds of selling that bearish pin bar candlestick pattern. That...