Tredline
BTCUSDT: Uptrend continues to grow stronglyHello, amazing friends. What do you think if BTCUSDT once again reaches its previous all-time high?
Today, BTCUSDT is receiving strong support as it has surpassed the psychological resistance level of $46,000 and is directly facing the resistance level from the past at $47,000, as shown on the chart.
Why does Karina believe that BTCUSDT is heading towards a new record? The EMA 34 crossing and reversing above the EMA 89 is a strong signal for the uptrend. Additionally, when we use Fibonacci extensions, the price has formed a DOW pattern with profit-taking targets at 1.618 and 2.618, coinciding with the peaks of $50,700 and $66,500 respectively. These are the levels that the buying side is currently aiming for, as the price has been steadily increasing and strongly supported for many months.
Karina's immediate target is set at the psychological level of $50,000. What about you? Do you think BTCUSDT can set a new record again?
BLUR 40% Potential!I like to say that blur is a price action project. Whenever it seems to break a major resistance, It pumps a lot and this time seems no different.
A major trend line was just broken and it is showing signs of strength by holding the level above it. As long as we stay above the trend line and inch to the upside, there's nothing stopping me from believing that 40% isn't going to happen besides bitcoin possibly dumping to fill the CME Gap.
There are a few other big levels of resistance on the way up but mos of the liquidity will be above the last major high.
LETS SEE WHAT HAPPENS NEXT!
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BTCUSDTIt seems that we are at the end of an ABCDE triangle pattern. Wave C has risen to 38% of wave A from the triangle, and considering that the waves of a triangle pattern are one-to-one related, I expect wave E to rise to 38% of wave C, i.e. in The same price as it is now. The rest of the explanation can be seen on the chart.
BTCUSDT Possible push till 26700$Hello Traders!!!!
As you can see in the chart Bitcoin is still holding an ascending Trend Line and the price did not managed to break the support of 20700$ in the last correction.
If you look at the RSI you can see a clear bullish divergence, which usually precedes ans strong movement to the upside.
Taking this in to account i think that the price can manage to hit 26700$ before falling more, this will be a pullback of the previous breakout to the downside of the support (now resistance)of 26.7k.
Regards and Happy Trading.
Gold bull vs Bear Q2 2021gold bullish trend started in December 2015 is rising with blue trend line.
will gold make new all time after third retest of weekly trend line or it just short term correction to down trend.
intraday double bottom is made by gold at 38% retracement of entire trend. it can continue its downtrend or after correction it could retest 50% .
continuation of bullish trend will confirmed after breakout of yellow trend line.
support 1560 and 1445
resistance 1960
(buy at trend line and 38% retracement wait till end of the quarter )
EURAUD SHORTEA has been in a continous downtrend since the beggining of the year. On the 2H timeframe, price action consolidated for a while before breaking beow and retesting the new resistance it was now under. Price has now fallen below again and made a lower low and is now coming back to retest the previous lower low. There is also confluence with the fibonacii golden zone which is what I will be using to get a perfect entry. The last confluence is the new bearish trendline price has been respecting. Im waiting on price to reject the trendline with a strong wich and close below the support with some type of entry confirmation candle on the m15. Ill be looking for a doji or a bearish engulfing on the m15 and will set stops to the -78.6 zone. I'm going to run 2 positions and the first TP is the - 27 Fibonacci extension and TP2 is - 61.8 fibonacci extension. Oce price hits TP1 , I will set the trade to BE .
RISK MANAGMENT IS HIGHLY IMPORTANT
CLOSING CAD/JPY SHORT! +20 PIPSGood morning traders! Hope all is well. I will be closing our CAD/JPY trade early because price looks like it is rejecting a support before hitting our TP. Congratulations to anyone who took the trade! +21 PIPS WE SUCCESSFULLY MADE THE BREAD! 🍞🤑
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GBPUSD could make a push upwards to follow the trendAs seen on the chart, GBPUSD has hit support and I expect it to bounce back up.
RISK: Medium to High
Why: Because the candles at this point are still weak and it has hit the support before the trendline, which could indicate that it's not going to follow the trendline anymore, or it could go back down hit the trendline then bounce back up.
EURUSD - Reaching Reversal ZoneHi Traders!
The market was moving with very clean moves and clear consolidation areas.
But now the market stopped moving at the resistance/support at 1.10800.
It is not in a clear trend but it isn't in a clear range too.
The next most obvious level to trade is the resistance box.
It consists of a resistance and a strong trendline which is coming from above on the 4h timeframe.
If the market reaches this level, it will go down until the first support at 1.10012
and after a pullback, it'll move further to the secound support at 1.08900.
We recommend to sell the down movements when the market reaches the reversal zone.
Thanks and good luck :)!
BTC Looking to rally and complete IH&SHi One and all to my first BTC analysis of 2019. I hope you all had a wonderful new year.
Without further ado, BTC.
I have removed my IH&S pattern to aid clarity, if you want to you can go back to my previous publication to read what I had to say there about the formation.
A word before we continue though, as you will no doubt see BTC slid a little into the downside before just making a push through the trend line i have drawn here, I believe if BTC can keep this momentum we will see the formation complete.
As of writing this BTC has tested the old line of resistance and looks to be using it as support, that bounce may be used to propel BTC to test £4000 before attempting to go further.
I will continue to monitor BTC and look for conformation of this break out, or alert for a potential break out.
I am leaning more towards being bulling at this current time due to the MACD starting to curve upwards as well as the 200 MA looking healthy.
Post your thoughts and question below guys, ill answer any points you have and am always open to debate if you disagree with anything i have written here.
Remember though folks, this is not financial advice and any trades you take are at your own risk.
I, like all traders will be watching BTC and will take positions accordingly.
Stay frosty,