If it breaks above 69K we should expect resistance in the 75K-77K zone. Breaking above that means huge long potential. Failing to break (or not reaching it at all) should lead to correction with key levels 53K and 40K.
Good luck :)
USDCHF is about to complete a rounded bottom pattern. A great moment to enter in long countertrend position targeting the second monthly support. Risk to reward 1:3.2
As seen on the left chart the NZDUSD broke the downtrend channel. The break was weak, without strong momentum. On the lower timeframe you can see the price moves in a uptrend channel. In case the channel is broken down i will enter short position on the retest. Such break will push the price down back into the much bigger downtrend channel. Good luck.
The uptrend channel break was weak, without momentum. The test of the break was with strong momentum and the price got back into the uptrend. Failed to make new low i am now expecting a new high. Risk to reward is 1:3. Good luck.
Bitcoin price action is similar with the major US indexes. What does it mean? For me the whole fiat-independency idea is no more, but who am i :). Now when the uptrend channel is broken it is very very possible the price will go south to 7600 USD. Good luck.
