BTC PRICE target HiT The swing trade turned out pretty amazing which I mentioned in my last chart for BTC and before that as well.
It hits the 61.8% fibo and gives a reversal. No we can see some upside to 10,500 Target Area to reach towards the Median
line of the fork and also the trend line. For time being we can see BTCUSD on the up side but it will be a struggle for it to
break that level as over all it is still in a down trend. But for now we can take short term profit and see how the market
reacts once it reaches that level.
Technicals
Support Bounce Up Entry for WEED tomorrow on Jan 26, 2018Short term:
Price closed right at $31.69 Fibonacci support area today on Jan 25 2018.
Potential support bounce up entry tomorrow on two supports: Fibonacci as well as 30 DMA.
If price breaks below support, next support $27.91.
Long term:
Strong up trend with a pennant pattern forming recently.
Litecoin/USD chart - PA within bull-flag; upcoming breakoutLTCUSD currently trading within a Bull Flag technical analysis pattern with likely breakout by 1/25/18.
Expect consolidation / corrective PA until breakout at end of squeeze.
Value buy is anywhere between $160-175.
Likely target is $500 after squeeze & break.
$GRDO Regains Prominece As Company Finally Reveals Plans$GRDO has been on an absolute tear lately, and no wonder why. The company finally revealed its plans for major expansion into the #Bitcoin cloud mining market which has expanded rapidly accumulating close to 30% of the Bitcoin investing community.
The company which first revealed its initial plans near the beginning of fall last year, took the time and effort to reorganize and establish itself back after a long tenure of arduous battles back and forth with its former CEO. Now that a CEO has come onboard and one that is arguably the best one the company has had yet in its 13 years, the company can finally move forward, and it has with quick speed.
The new website and whitepaper plan looks to be setting the company up for major expansion into the new year possibly making it a forerunner in a niche market that can sometimes be rife with illegitimate foreign companies that many people would not trust their money with in order to mine cryptocurrenices. Fortunately $GRDO is established here in the great USA which will bring a lot of those customers to it.
Stay tuned as we keep an eye on the company as it makes its way to .01 - .10+
QSP forecast QSP Is currently in Descending Regression mode, Completely range bound. A break above 0.00004480 is very bullish
for QSP for further gains. In case it does not pick buying momentum than we can easily see the price going back towards
the 50%-61.2% correction before it goes back up. If you are not in the trade already than I would recommend to wait and see
which direction is it headed too. A break down can give you a good entry point to hold and go long and a break above can
give you the sign that it has picked momentum and you can expect good short to medium term gains ahead. but taking a position while its range bound can sometimes get your investment stuck if it starts to go side ways.
I am medium to long term bullish for QSP and expect to get at least 2x-3x gains in the coming quarters.
EurNzd - Bears In ControlLast week price broke down below key support at 1.69560 hinting further declines is on the cards. A pullback and re-test of broken support turning resistance will provide a great place to start to look for Bearish set ups for shorts down towards the target and next key area of support to the downside at 1.66413.
AudUsd - Multiple Breaks Of Resistance Hints Further AdvancesLast week price broke above multiple resistance levels off of the back of both poor US data and strong Aussie data. Price finished the week above key resistance turned support at 0.76274 with a re-test of this area looking like a great place to look for long opportunities towards 0.76941 and 0.78093 respectively.
EurJpy - Break Of Resistance Hints Further AdvancesLast week price broke above key resistance at 133.324 before coming back to test and hold as support. This provides a great place to look for Long opportunities towards the targets and next key areas of resistance to the upside at 134.834 and 136.723 respectively.
NzdUsd - Weak USD Benefits The BullsLast week price broke below key support at 0.68217 before failing to hold as resistance breaking back above this area. As a result, and with a weak USD, further advances seem likely next week with a correction (possibly even a retest of 0.68217 as support) to provide opportunities to look for longs towards key resistance at 0.69530.
$BYOC CONTINUES ITS MAJOR MOVE UPWARDS ON A NEW BREAKOUT LEG$BYOC has been slowly accumulated over the past few weeks with more and more people buying higher and higher. Why you ask? Well I tagged all the previous chart analysis which also has all the fundamentals that will more than likely be pushing this past $1.00 to even as high as $3.00
Read the tagged analysis and data.
NzdUsd - Nzd Weakness Hints Further DeclinesDespite weakness in the USD the NZDUSD continued its decline last week underlining the current weakness in the NZD Dollar. We go into next week re-testing broken support as resistance at 0.68217 proving a great place to look for short down towards the next key areas of support at 0.67726 and 0.66791 respectively.
GbpUsd - Range PlayLast week marked the 7th week of the GBPUSD range and as a result we simply look to play the range next week. A test of the range top at 1.32696 will provide a chance to look for Short opportunities first of all down to the range equilibrium point at 1.31550 with an ultimate view to key support at 1.30342 and 1.29799 respectively.
EurUsd - Bull FlagLast week saw a Short Covering Rally breaking above two key ares of resistance finally stopping at the key resistance area of 1.18363 forming a Bull Flag type pattern. Next week we look for a further correction to, with a possible re-test of broken resistance turning support at 1.17225, to provide long opportunities first for a re-test of 1.18363 with a view to breaking and further advances towards the next key area of resistance at 1.19370.