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Daily ETHBTC UpdateThere is not much between ETH and BTC at the moment but I currently hold a long term bias for ETH, but a short term bias for BTC. Long term ETH has been trending up against BTC but has now been in a consolidation triangle since the middle of May this year. ETHs recent short term uptrend has broken and BTC currently has the upper hand. I might note at this point that this dominance is only weak and is yet to provide us with a genuine trend. The market pullback over the last few days has provided BTC with a market cap advantage and it would surprise me to see ETH resume its dominance over BTC as soon as this correction is over.
by marcusdw1
Daily BNBETH UpdateFor those of you who trade on Binance this chart is of more interest. With BTC, ETH and BNB being the major trading pairs on Binance it's good to understand which of the three is outperforming over time. While ETH has been outperforming both BTC and BNB for some time, over the last week we can see in this chart that the tables may be turning towards BNB. Both the RSI and ADX are showing BNB displaying new strength over BTC and ETH. I'll be watching this chart closely and if this continues will rebalance my portfolio to have a greater weighting in BNB over the other two. At this point I don't consider any real trend to be in place, however, it could well be the start of one.
by marcusdw1
USD/CAD finding strong support with positive outlooks...Trades were pricing in more volatility for the BoC via a loftier implied 68 pip break-even, but in the event Usd/Cad only moved in the region of 40 pips, initially, as the Bank largely stuck to the script and rolled out a very similar accompanying statement to the previous one from July - bullets and a link to the full text available via the Headline Feed at 15.00BST, with a direct comparison has been posted at 15.03BST. Nevertheless, the Loonie gleaned some traction from a rebound in crude prices rather than decent increases in Canada’s Ivey PMIs to contain losses below 1.2750 even when its US rival was posting new early September peaks. While others fall asunder along with equities, the Greenback has clawed back all and more of its declines to set a fresh m-t-d best in DXY terms, at 92.864, and multi-week highs against index components by definition on safe haven grounds.
Long
by FTUKcom
USDJPY Short (Moderate - High Risk Idea)- Before anything, I would like to say the less aggressive way to take this position in my opinion would be to wait for this to break and retest the lower high/previous resistance, as shown in the chart. - RSI oversold on 1H time frame - Most likely will need to correct on the 4h timeframe, possibly to the 20 period moving average on 4H (again, high risk unless you wait) - Pair may reject the area of interest, as shown on the chart. This is a big resistance on 4H time frame (I show this chart on 1H, so you may have to open up the chart yourself to see the full credibility of the resistance). - Additionally, I am taking this position because fundamentally, in my opinion, USD isn't looking as strong as JPY.
Short
by matthewhollinger
USD/RUB CURRENCY PAIR TRY TO TEST STRONG SUPPORT LEVELThe currency pair USD/RUB looks that preparing for a lower low on a daily chart. The technical picture shows that the pair is now testing one of its key support levels around 72.60, which are the lowest points from December 2020 and March 2021. At the same time, the rate is in a strong downtrend on a one hour chart from April this year, and it looks that it will remain bearish for now. But the price is at a turning point. In combination with expected economic data for inflation this week in the USA, it will be interesting how the Russian Ruble will react against the US Dollar. If the price breakthrough below the mentioned support level and test it, this will confirm the lower low, and it will make it possible to open the door for more sellers. In this scenario, the experts say that the bears on the market may test the next strong support level very far on the south at levels around 68.00. But if the pair reserves north and the price rebound from that levels, it is possible to change the direction of the current downtrend and potentially rise again to previous highs at levels of 76.00 and 77.00 from January and April 2021. Also, our oscillator indicators look slightly lower, MACD is below the triggered line, and RSI is below level 30 in the oversold zone.
by legacyFXofficial
XRP: Replicating BTC After 2018 Crash XRP's price action is replicating BTC Price Action Post 2018 Crash! If this Trend Continues We Will See A Nice Run On XRP. Want To Start Compounding Your Crypto? Start Replicating What Experienced Crypto Investors & Traders Do To Consistently Profit In This Volatile & Emotional Market! Receive Crypto Trading Signals & Copy Our Portfolio Learn Trading & Investing 'Best Practices' Consult With Like Minded Crypto Investors & Traders Join The Crypto Collective Link Below! Keep #ContemplatingCrypto
BITSTAMP:BTCUSDLong
by contemplatingcrypto
2
Three Reasons to Buy BitcoinIn this technical analysis I will show you why this is a good moment to buy bitcoin. All the information can be found on the chart, but here is a small summary: - Breakout through the resistance! A very bullish signal. We can expect this horizontal zone to turn into support later in case any downturn would happen. That's what makes this a relatively safe entry point. - A 15% upwards potential. We see a big distance to the next horizontal zone while the stop loss directly underneath the support keeps us safe. This trade should give us a risk reward of about 2.5 - Overall bullish trend. Every trade should start with a positive bias since the likelihood of btc going up is just been so high recently given the massive uptrend. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITSTAMP:BTCUSDLong
by Trading-Guru
8
Streamr(DATA)/BTC - 2-5x Profit Incoming?Hello guys, We have been following a downtrend for a few weeks, and if you look into 1W TimeFrame, you can clearly see a Falling Wedge Pattern! As we are just about reaching the bottom, and if you realize what Falling Wedge means, you understand that there's lot of profit to take pretty soon! So my prediction is that between 28th December-11th January, we will be seeing ATLEAST 2x increase. Pretty excited to see how much further we can go! Stay tuned guys!
Short
by TheMightyStark
1