BTCUSD - Weak Downtrend Today. Price Technical Analysis #54The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.
This is #54 of BTCUSD daily technical analysis, provided by Mudrex.
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Market in last 24 hrs
- BTC price has been consolidated in range $7,050 – $7,250
- Price at time of publishing: $7,060
- BTC’s market cap: $131 Billion
Today’s Trend analysis
Price should see a weak downtrend today. Oscillators are mostly neutral but CCI is nearing over-sold zone and RSI is below 50. MACD is indicating a sell opportunity. Overall, a down-trending momentum is gaining strength.
Another interesting point to notice is the correlation between US stock markets (S&P500, etc) and BTC price, which is at currently trending at its all time high.
- Weak downtrend today
- ‘Oscillator‘ indicators are mostly neutral. RSI is below 50 mark
- ‘Moving average‘ indicators are are mixed
DM for to get more details and indicator list & values on which the analysis is based.
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Note: Above analysis would hold true if we do not encounter sudden jump in trade volume.
Technicalindicators
USDCAD made a potential False Breakout.BUY on small pullback...Please Support this Idea with LIKE if it is Useful....
USDCAD
The price made a potential false breakout of the support/resistance level,after a pullback if price holds the support then there is chance that price might continue to grow,wait for the price to reach the zone and if price gives any bullish signal then look for Buy..
For Entry:
Wait for the formation of Bullish Candlestick Pattern to close on 4hr timeframe for confirmation to BUY..
Trade it with proper Sl..
In case,If price don't give any bullish signal then don't open trade and wait for another opportunity..
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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
CADCHF is above Support/Resistance, When to BUY??Please Support this Idea with LIKE if it is Useful....
CADCHF
The price is above key support/resistance level,previously the level acted as a strong support for the price,If price continue to hold the Support then there is a chance that price might continue to grow,currently the price is printing neutral candles wait for the price to give any bullish signals then look for buy trade with good R:R..
For Entry:
Wait for the formation of Bullish Candlestick Pattern to close on 4hr timeframe for confirmation to Buy..
Trade it with proper Sl..
Take Entry only after price gives Bullish signals..
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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BITCOIN, Bearish H&S breakout and retest,SELL opportunity..Please Support this Idea with LIKE if it is Useful....
BITCOIN
The price after completing Bearish H&S made a breakout and retest,and price is also below strong Support/resistance level,there is a chance that price might continue to move...
Trade it with proper Sl..
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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
EURUSD broke Trendline,BUY after a Pullback..Please Support this Idea with LIKE if it is Useful....
EURUSD
The price broke trendline and is above support/resistance level,after a pullback if price holds the support then there is chance that price might continue to grow,wait for the price to reach the zone and if price gives any bullish signal then look for Buy..
For Entry:
Wait for the formation of Bullish Candlestick Pattern to close on 4hr timeframe for confirmation to BUY..
Trade it with proper Sl..
In case,If price don't give any bullish signal then don't open trade and wait for another opportunity..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
EURUSD could give a nice BUY opportunity!..Please Support this Idea with LIKE if it is Useful....
EURUSD
The price is above the trendline and is above support/resistance level,if price continue to hold the support then price could continue moving up..
For Entry:
Wait for the formation of Bullish Candlestick Pattern to close on 1hr timeframe for confirmation to BUY..
Trade it with proper Sl..
In case,If price don't give any bullish signal then don't open trade and wait for another opportunity..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
SPX500, The most accurate place to SELL....Please Support this Idea with LIKE if it is Useful....
S&P500
The price is approaching strong Support/resistance level,if price reach the level it could give us a nice Sell opportunity with good R:R ratio,wait for the price to reach the zone and if price gives any bearish signal then look for sell opportunity..
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 2hr timeframe for confirmation to SELL..
Trade it with proper Sl..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BITCOIN Elliottwave Analysis,SELL setup with Entry,Sl and Tp...Please Support this Idea with LIKE if it is Useful....
BITCOIN
The Price made a strong Impulse Down and currently price is in a corrective movement,after the correction we can expect another Impulse movement to the downside...
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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
EURUSD broke Trendline,wait for pullback to BUYPlease Support this Idea with LIKE if it is Useful....
EURUSD
The price broke above the trendline there is a chance that after a pullback price will continue moving up,wait for the price to reach the zone and if price holds the support and if price gives any bullish signal then look for buy opportunity..
For Entry:
Wait for the formation of Bullish Candlestick Pattern to close on 1hr timeframe for confirmation to BUY..
Trade it with proper Sl..
In case,If price don't give any bullish signal then don't open trade and wait for another opportunity..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
EURJPY is near BUY zone!..Please Support this Idea with LIKE if it is Useful....
EURJPY
The price is near strong Daily support/Resistance level, If price holds the level as a support then there is a chance that we might get a good opportunity to Buy from that level, if price gives any bullish signal then look for buy opportunity..
For Entry:
Wait for the formation of Bullish Candlestick Pattern to close on 4hr timeframe for confirmation to BUY..
Trade it with proper Sl..
In case,If price don't give any bullish signal then don't open trade and wait for another opportunity..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
EURUSD could give us a nice BUY opportunity during NFP...Please Support this Idea with LIKE if it is Useful....
EURUSD
The price is close to support/resistance level,,If price stays above the level then there is a chance that price will moving up from the level,wait for the price to gives any bullish signal and look for buy opportunity,If price move down then it could go lower to form a potential double bottom around 1.06300 level...
For Entry:
Wait for the formation of Bullish Candlestick Pattern to close on 4hr timeframe for confirmation to Buy..
Trade it with proper Sl..
In case price breaks below the trendline and support then after a pullback we can look for sell opportunity..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
USDCAD is near Support/Resistance, will give SELL opportunity..Please Support this Idea with LIKE if it is Useful....
USDCAD
The price is near strong Support/resistance level ,and price has been following an ascending trendline and recently price broke the trendline ,The support/resistance level could provide us a nice SELL opportunity ,wait for the price to reach the zone and if price gives any bearish signal then look for sell opportunity...
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 2hr timeframe for confirmation to SELL..
Trade it with proper Sl..
In case, if price breaks above the support/resistance then we have to wait for a clear direction..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
What will the chart look like next week?I looking at things up close enough I can see whats going on on a day to day basis with most things.
Here I have to wonder will Bitcoin head higher or will it head higher.
As always I like to keep my mind open for the possibility of any outcomes. We can only do that with the data in hand and not our feelings or our girlfriends advice unless she's a unicorn and they just don't exist.
GOLD is below Support/Resistance level,SELL on Confirmation..Please Support this Idea with LIKE if it is Useful....
GOLD
The price is below Support/resistance level ,wait for the price to reach the zone and if price gives any bearish signal then look for sell opportunity...
In case, if price breaks above the support/resistance then we have to wait for a clear direction and wait for another opportunity...
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 4hr timeframe for confirmation to SELL..
Trade it with proper Sl..
Take entry only after price gives bearish signals..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
GBPJPY is close to SELL zone,Broke Trendline Please Support this Idea with LIKE if it is Useful....
GBPJPY
The price is close to Daily Support/resistance level ,and price has been following an ascending trendline and recently price broke the trendline,The daily support/resistance level could provide us a nice SELL opportunity or price could continue lower without reaching the daily level,wait for the price to reach the zone and if price gives any bearish signal then look for sell opportunity...
In case, if price breaks above the support/resistance then we have to wait for a clear direction..
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 4hr timeframe for confirmation to SELL..
Trade it with proper Sl..
Take entry only after price gives bearish signals..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
GOLD is forming a Giant Dinosaur Pattern, eyeing All Time High.Please Support this Idea with LIKE if it is Useful....
GOLD
It"s a Creative Analysis...
Gold had an almost parabolic move to the upside on the monthly timeframe,and with the ongoing coronavirus outbreak,Brexit and trade war, and IMF chief Georgieva saying that world is in a recession the Metal could hit the All time high...
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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
GOLD | Triangle breakout on Upside, BUY on pullbackPlease Support this Idea with LIKE if it is Useful....
GOLD
The price had a breakout on the upside of the triangle pattern,the price has been following the uptrend channel,wait for the price to make a pullback or retest the level and if price gives any bullish signal,look for buy setup,and if price falls to the Support/resistance level we can look for BUY setup if price gives us the opportunity..
In case,If price strongly breaks below the support level then don't take entry and wait for another opportunity..
For Entry:
Wait for the formation of Bullish Candlestick Pattern to close on 1hr timeframe for confirmation to Buy..
Trade it with proper Sl..
Take Entry only after price gives Bullish signals..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
APPLE | The best place to BUY!Please Support this Idea with LIKE if it is Useful....
APPLE
Wait for the price to reach the Support/Resistance level and If price holds the level as a support then there is a chance that we might get a good opportunity to Buy from that level,
In case,If price breaks below the Support then don't take entry and wait for another opportunity..
For Entry:
Wait for the formation of Bullish Candlestick Pattern to close on 4hr timeframe for confirmation to BUY..
Trade it with proper Sl..
Take entry only after price gives bullish signals..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
S&P500 | Price is in Downtrend Channel,The best place to SELL!..Please Support this Idea with LIKE if it is Useful....
S&P500
The price is following a downtrend channel,wait for the price to reach the zone and if price gives any bearish signal then look for sell opportunity..
In case, if price breaks above the support/resistance then we have to wait for a clear direction..
for price to become bullish it has to break above the channel...
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 4hr timeframe for confirmation to SELL..
Trade it with proper Sl..
Take entry only after price gives bearish signals..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
EURAUD is below Support/Resistance,SELL on pullbackPlease Support this Idea with LIKE if it is Useful....
EURAUD
The price is below Support/resistance level ,wait for the price to reach the zone and if price gives any bearish signal then look for sell opportunity...
In case, if price breaks above the support/resistance then we have to wait for a clear direction..
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 4hr timeframe for confirmation to SELL..
Trade it with proper Sl..
Take entry only after price gives bearish signals..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
EURUSD | Could give us a nice BUY opportunity..Please Support this Idea with LIKE if it is Useful....
EURUSD
The price is above key support/resistance level,everytime price tries to move down it is supported by a trendline,If price stays above the level then there is a chance that price will continue moving up,wait for the price to gives any bullish signal,look for buy opportunity..
In case price breaks below the trendline and support then after a pullback we can look for sell opportunity..
For Entry:
Wait for the formation of Bullish Candlestick Pattern to close on 1hr timeframe for confirmation to Buy..
Trade it with proper Sl..
Take Entry only after price gives Bullish signals..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
GOLD is near Strong Resistance, will fall to $1550 levelPlease Support this Idea with LIKE if it is Useful....
GOLD
The price is near strong support/resistance level wait for the price to reach the zone and if price gives any bearish signal,look for Sell opportunity.If price don't give any bearish signal and continue it's bullish move then dont take the entry and wait for another opportunity..
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 4hr timeframe for confirmation to SELL..
Trade it with proper Sl..
Take entry only after price gives bearish signals..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
USDTRY above key level,BUY on pullback to All Time High...Please Support this Idea with LIKE if it is Useful....
USDTRY
The price is above key support/resistance level,previously the level acted as a strong support for the price,wait for the price to make a pullback or retest the level and if price gives any bullish signal,look for buy opportunity
For Entry:
Wait for the formation of Bullish Candlestick Pattern to close on 4hr timeframe for confirmation to Buy..
Trade it with proper Sl..
Take Entry only after price gives Bullish signals..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.