GBP/USD :DSimilar setup for the GU, as you can see it is forming a "Head and shoulders pattern" (I don't trade chart patterns) . Price is moving in a very organized way and that's curious to see. Hope you like me analysis even though it is hard to understand xD.
Feel free to ask me anything about my analysis :D.
Medianline
BtcUsd - H1 - Median line analisysNorthern Movement:
If the red trend line fall, a northern daliy and weekly resistance test is likely.
Southern Movement:
If the green trend line fall, a southern daliy and weekly resistance test is likely.
There is currently an downward trend -D1 and H4.
Only I would like to see the growing trend :-)
BtcUsd - H1 - Median line analisysNorthern Movement:
If the red trend line or green resistance fall, a northern resistance test is likely.
The upward trend requires that the northern resistances fall.
Southern Movement:
If the green trend line or red resistance fall, a southern support test is likely.
There is currently a downward trend.
S&P500 - H1 - Median line analisysThe situation has not changed since last week.
Northern Movement:
If the blue extended line falls, the price could test the 4-hour trend channel.
Southern Movement:
Otherwise, the southern support may be tested.
But even then, there is a northern trend.
The conditions for the southern movement have not yet been established
UsdJpy - H1 - Median line analisysNorthern Movement:
If the red trend line or green resistance fall, a northern resistance test is likely.
There is currently an upward trend.
Southern Movement:
If the green trend line or red resistance fall, a southern support test is likely.
The downward trend requires that the southern supports fall.
BtcUsd - M15 - Median line analisysNorthern Movement:
There is currently a northern trend.
Northern resistors are being tested.
If this movement dies there is a good chance of a serious correction.
There are multiple long trends within each other but still very weak.
It is advisable to trade on a lower timeline.
Southern Movement:
The conditions for the southern movement have not yet been established.
LONG S&P500 - H1 - Median line analisysNorthern Movement:
If the blue extended line falls, the price could test the 4-hour trend channel.
Southern Movement:
Otherwise, the southern support may be tested.
But even then, there is a northern trend.
The conditions for the southern movement have not yet been established
BtcUsd - M15 - Median line analisysNorthern Movement:
If the red trend line or green resistance fall, a northern resistance test is likely.
Southern Movement:
If the green trend line or red resistance fall, a southern support test is likely.
There is currently a southern movement.
The conditions for northern movement have not yet been established.
There is a good chance of a major correction or continuation of the south.
S&P500 - H1 - Median line analisysNorthern Movement:
If the red trend line or green resistance fall, a northern resistance test is likely.
There is currently a northern movement. The D1, H4 and H1 trends are in the same direction.
Southern Movement:
If the green trend line or red resistance fall, a southern support test is likely.
UsdJpy - H1 - Median line analisysNorthern Movement:
If the red trend line or green resistance fall, a northern resistance test is likely.
The northern movement is more likely because the H4 and H1 trends are in the same direction.
Southern Movement:
If the green trend line or red resistance fall, a southern support test is likely.
There is currently a northern movement, but the D1 trend is southward.
The REAL Bitcoin LinesFolks, here are the true lines at the 1D level for Bitcoin. Always use median lines (pitchfork) and draw the crossbar on a fractured counter-trend movement. Standard trendlines are nearly useless, often drawn incorrectly, and easily subject to bias. The real internal lines of force that markets themselves use are median lines.
DXY another medium term leg up ahead?Good analog here re '99-02 suggests the USD is may not yet be done despite the hubris around Gold and Silver. We are at a key inflection point, upsloper needs to hold for USD bull market to persist and if it does it is likely the market tries to test 2001-02 highs.
“History doesn't repeat itself but it often rhymes,” Mark Twain