Good afternoon! Let's see what happens in general in the cryptocurrency market. A very interesting picture can be seen in the analysis of capitalization! Clearly visible double bottom. The development, which will begin with a breakdown of + - 120V or the upper boundary of the channel. Corrective market movement has come to its first level. It may not be suitable...
TOTAL has been on a massive bull run since the release of cryptocurrencies. PVT shows huge demand for cryptocurrency. Cumulative volume index shows a steady increase of buyers flowing into the market. Overall net trend is looks extremely positive. Included a fractal that shows a possible price reversal point at the long term uptrend.
The 'SHS' bearish pattern means that BTC and the whole market may catch a sharp decline soon.
Here we have the DXY on the weekly, what we are looking for is a drive lower to push out the now 'Net Longs' and to put them offgurad and to attract short sellers into this market. Next we next to see a higher low somewhere in the regions of the highlighted area, in order to look for SHORT opportunities in the likes of: EURUSD AUDUSD GBPUSD NZDUSD OR by going...
Chart showing a textbook intraday Head and Shoulders Bearish pattern Just breaking below neckline area now
We have the USDJPY in a massive over exhausted downtrend on the daily. Technical: Daily bullish wedge. VERY long term trend line rejection after Brexit VERY key support line from 2014 Deceleration, failure to break brexit lows Doji candle on Friday 8th July Along with these excellent technical's there is also a few fundamentals to go along with it, to see this...