Trading idea for BTCUSDTThis is just a guess. Up to now, the price has moved like my silly drawing. We will see if it goes below 30k support or break that downtrend in the future.
Neutral
Bitcoin - Neutral We still hold a neutral view on Bitcoin whilst the cryptocurrency remains below resistance at around $43,500. The 50 day MA has moved below the 100 day MA and appears likely to cross the 200 day MA in the coming trading sessions triggering a sell signal. Bitcoin has rallied in the past few days on the back of regulators proposing capital requirements dealing in crypto and El Salvador adopting Bitcoin as legal tender with the possibility of other South American countries following suit at some stage. However, there is still significant amount of volatility on the market and if prices were consolidate below support at around $29,300 this could quickly lead to prices dropping towards $20,000.
EURUSD - Still Neutral Pre ECB/ US InflationWe still see EURUSD moving higher whilst it remains above support at 1.2144 as we await the ECB rate decision and US inflation data tomorrow. An unexpected policy shift by the ECB or if US inflation data is significantly different than expected could lead to a large amount of volatility for the currency pair. A consolidation below support at 1.2144 could lead to EURUSD breaking it's uptrend from Mar 20 lows.
$HPQ with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $HPQ after a Negative Under reaction following its earnings release placing the stock in drift D
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ALGO/USDTALGO IS IN THE DIP AND TRYING TO CATCH The next Top
as u see u it depends on BTC
Until the next 4Hours U will see which candle will be shaped
$COST with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $COST after a Negative Under r reaction following its earnings release placing the stock in drift D
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Silver - Still Neutral Pre Non Farm PayrollsWe still hold a neutral view on Silver and feel that non farm payrolls on Friday could trigger significant price action and enable us to form a directional view. The precious metal has failed to consolidate above resistance around $28 over continued fears of rising inflation and the possibility of the FED raising rates. Therefore a greater than expected payroll number could increase the odds of a FED rate hike and result in Silver prices breaking below support $26.6.
More detail to bitcoin analysis.I'm still undecided on bitcoin.
Below 42000 I'm still bearish.
If 36500 continues to hold I'll eventually turn bullish.
Also it's overcast cloudy out today. That always bums me out.
Bitcoin - NeutralBitcoin has rebounded sharply from dropping towards $30,000 on Sunday predominantly due to the Chinese government's plans to ban all Bitcoin mining. However, we would want the cryptocurrency to consolidate above resistance at around $40,000 and the 50 day MA move back above the 100 day MA to take a long view. This is because Bitcoin wasn't able to consolidate back above $40,000 as it bounced back from the initial mid May correction and given it's volatile nature prices could easily drop back towards $30,000.
Inverted HS. 40k soon?I am still neutral on this but:
White path seems to be an inverted head and shoulders.
Hopefully can take us to 40k USD.
40k asap bulls, otherwise this target will become harder and harder to reach.
Maybe, maybe not.I foresee something like this may happen in both ways.
We must get to number 2. Find there support to start thinking about good things.
Good luck.
A bit of Hope 5Double bottom.
I liked this last reaction of the bulls.
Bull trap in the afternoon, bear trap at night.
I might be totally wrong about calling bear market and I apologise if that is the case.
Its always good to be cautions and wait for the worst. React with patiente at the right time.
A bit of hope here, but still on defense mode.
$CSCO with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $CSCO after a Negative over reaction following its earnings release placing the stock in drift C
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$RYAAY with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $RYAAY after a Negative over reaction following its earnings release placing the stock in drift C
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AUDUSD Neutral Forming pennant structure, no directional bias just yet, awaiting break in either direction before taking trade position accordingly
