SCM2019

SCM2019 Updated  Aug 4, 2019

The king of cryptos is poised for a big move. Bitcoin has been trading in a symmetrical triangle, which will come to an end in approximately 25 days, after that your guess is as good as mine, if bitcoin heads down it will land on the 8500 price area, if it heads up it will re-test the 12500 level.

SCM2019 Jul 14, 2019

The bears sharpen their claws, as the head and shoulders pattern on the one day chart gains attention. A break of the 1.60500 level will lead to an immaculate drop to the 1.57000 support area. The bad news doesn't stop there, the European central bank is expected to cut rates twice in the coming weeks, This may open the flood gates to the 1.55000 area. Its...

SCM2019 Jul 12, 2019

The 12 day sell of of the british pound vs the japanese yen looks to be over! The clear divergence on the 4hr chart and the one day chart, has gained interest from the bulls. The chart has been consistently making lower lows while the RSI has been making higher lows. The divergence signals sellers exhaustion,and the 135.500 level is a significant demand Zone...