I will be doing a multi time frame analysis of this pair. Starting from the monthly all the way down to the daily. Monthly: Price is currently in a downtrend making lower lows and lower highs. We could expect the formation of a lower low. Also there is a zone of demand that has not been clearly tested yet. We could expect the price to test the demand zone below...
I will be doing a multi-time frame analysis to give you a good perspective of what the price getting ready to do. To have better opportunities in the market we want to have all the confluences posibles in our favor. Monthly: The price is overextended to the downside. We should know that every healthy market cannot move only in one direction. When the price is...
This pair is positioning in a key area. The price is at important demand zone. The price is having problems to break below this zone. The price is below a 1hr trendline right before the upcoming cpi catalyst The CPI (consumer price index) will be key for what direction the market will take. It is important to keep in mind that markets are already...
There is a good chance that we see this pair trade between 1.2850 and 1.2695, this are important levels that are align with significant structure. I will be conducting a multi time frame analysis to give you a good perspective of the possible move that could happen as soon as tomorrow April 29,2022. Monthly The price is currently trap between supply and demand....
Monthly The price is currently creating higher highs and higher lows. We could expect a creation of a new higher high. Weekly The situation is the same as monthly time frame. The price is creating higher highs and higher lows. The price is getting ready to create a new impulse. Daily The price was creating lower highs and lower lows. Currently the price is...
To know the direction of the market is really important to do a multi-time frame analysis. In Monthly The price is currently over extended and has reached a important resistance. Definitely we could expect the price to retest the monthly trend line Weekly We have a price that is over extended. When price is over extended we can expect a correction. Also, price...
I will make a multi time frame analysis to give you an idea of what the price could do next Monthly: The price is currently over extended. When price is overextended, we always could expect a retracement to happen next. The price could be getting ready to make the retracement soon. Weekly: The price is also over extended. In the weekly we can see also that the...
Monthly: In monthly time frame the price is over extended. Also, there is an extended M formation, and the price created an imbalance where I expect to set my take profit to the imbalance area. We could definitely expect a move to the upside. Weekly: The price is overextended so we could definitely expect the correction to the upside. The price is in confluence...
If we take a look in the monthly time frame, we can see a very bullish price action. We have an impulse correction pattern which can lead the price ti create a higher high. Also, if we take the fibonacci from low to high the price has clearly respect the .618 of the fibonacci level. Everything look bullish but to break the historical high the technical analysis...
The situation that we currently have in the monthly chart is a price over extended. When the price is over extended what we can expect next is a retracement. As well we have an over extended W formation , for the completion of the W pattern we can expect a retracement to the previous leg of the W formation. To measure the retracement use the fibonacci tool. if we...
The situation in this currency pair look pretty clear. In monthly: The price is currently moving sideways within a range. The price is currently in supply area where we can expect a rejection to the downside. Weekly The price has made an explosive move to the upside creating a price imbalance. We could expect a correction to balance the price. Daily The...
Monthly The price is moving between supply and demand. The price is currently on the way to the supply area. We can definitely expect the price to reject the supply area. Weekly Price is currently over extended. When price is over extended we can expect a correction. We could definitely expect the price to reach a little higher before the correction to the down...
I will be doing a full breakdown from monthly to daily. Also I will be including Fundamentals that will help us out with the direction as well. Monthly: The price is currently rejecting a demand zone which is good because it can be a sign of a rejection to the up-side like it happened in the past. Weekly: The price is clearly over extended. When price is over...
We can easily expect the creation of a higher high Monthly: We have an impulse and correction respecting precious resistance now turn support. When we have an impulse and correction we can definitely expect another impulse. Weekly: In weekly we have an impulse correction pattern. Also price is respecting .50 fibonacci level. We could expect a creation of a...
The price looks like it could easily make a retracement according to the Monthly chart of at least 150 pips In Monthly: The price is currently in demand zone. We could see a rejection of this demand. If we want to measure the possible retracement all we have to do is take the fibonacci from high to low of the current impulse. Doing so we can clearly see that the...
I did this same exact analysis a while ago but it got banned In monthly time frame We can see that BTC is currently in retracement phase as we expected. There are high probabilities that BTC after is done with this movement will create a new higher high. Fundamentals: If we look at the commitment of traders we can see that institutions this week closed 729...
As you can see, the price is approaching a supply zona. Also price is extended with we can definitely see a rejection at any moment when price reach supply.
The btc price is currently making a correction. The corrections have to happen in financial markets. We can expect that the price create a historical higher high soon. In daily time frame you can see that there is a inverted head and shoulders that give us information about a possible reversal. Our take profits are base on monthly time frames.