MACD 1D Cross upBTC had 3 legs down to 3700 3600 3500 with repeating MACD 4h patterns, suggesting another leg down to 3400
The main difference this time is MACD 1D crossed up and ASRSI just bottomed
Srsi
GoPro Ichimoku Cloud FractalThere is a clear pattern that could potentially repeat on gopro. After the past two bullish TK crosses the price entered the cloud and completed an edge to edge, then proceeded to enter another bear trend. On the three day chart we just had the TK cross and are very close to entering the cloud.
The daily is less bullish, as the price entered a downtrend after a bearish divergence the prior 2 times, and we currently have a bearish div on the daily.
CADUSD not looking so good (monthly analysis)On the monthlys we can see CADUSD has painted a picturesque bear flag as it continues to lower. With the current pipe line purchase we are gearing for a larger fall overall around the Canadian dollar as we sell cheap oil to foreign interests and buy it back at a higher rate. The fall to 0.5 is only a rough estimate based off the current flag structure but we may fall even further than that.
as always this is not in anyway, shape or form, financial advice and always enter at your own risk
ONT short tradeONT is currently a good short.
it is at horizontal resistance
it has a bearish divergence on the 1hr SRSI
RSI is nearing overbought region
it is currently in an ascending wedge, which is a weak pattern but tends to break down
It is in the OTE entry zone for shorting
It has a larger bearish divergence on the 4hr SRSI
4hr is on 8 count for Tom Demark Sequential
The daily chart is bullish but pullback is needed, target is .0008-.00084
BTCUSD Bullish Divergence and Edge to EdgeThere is a bullish divergence on btc, enter trade on SRSI crossover. I expect that divergence to bring us into the 2 hour Ichi cloud, which combined with the flat cloud top is a strong indicator of a potential e2e move. Target for long is 7900
EURUSD ShortShort-term there is a good short opportunity here.
Bearish Factors
Hourly RSI is topped out
Bearish Divergence on SRSI (yellow)
C-clamp formation on Ichimoku Cloud
At parallel channel resistance
Larger hidden bearish divergence (red)
Target is at horizontal 1.161 support, second target bottom of channel. This is in line with the larger hidden bearish divergence that can be more clearly seen on higher time frames.
