if we take a look at btc against the countries which traded the btc mostly.
to take out the inflation and market noise. we need to look at the chart with 5 major countries which are buying and selling bitcoin in their local currencies.
CNY, INR, PKR, NGN, EUR so if we average out these currencies we will get a value and then we divide btc with that value we will...
Simple long term support on the monthly suggests bounce to top of the megaphone pattern.
Good time imo to be present in gold, or simply diversify holdings.
Is the Green back ready to pullback. It has managed to post two Hammers in last two days and is currently holding above 152.00 support area. Possibility for a pullback is definitely there as room to the upside is present, alternatively if price pushes past 152. We could continue to see further new lows around 150-148.
USDPKR
Pakistani Rupees is getting strength against USD. Currently Trading at 160.200 supported by a rising trendline. Oscillators RSI, MACD and Momentum Indicators are Showing Negative Divergence at the weekly chart. Looking forward to shorting the pair as it breaks down the rising trendline below 159 with the stop loss of just above the region of resistance and...
* RSI
* Ichimoku
* Fibonacci
* Bollinger bands
Very steady strategy with minimal drawdown showing a short signal with USDPKR, still holding steady meaning the BEAR will pull down at some point.. time to short!
